, Hong Kong

How SG firms can tap GBA opportunities via Hong Kong

Chief Executive Carrie Lam said the city is an “ideal gateway” for businesses.

Hong Kong is the “ideal gateway” for Singaporean businesses to seize opportunities in the Greater Bay Area (GBA) as well as China, Chief Executive Carrie Lam said.

Lam highlighted Hong Kong and Singapore already have strong bilateral ties, supported by the Free Trade Agreement and the Investment Agreement between Hong Kong and the ASEAN.

She urged Singaporean businesses to explore the new opportunities in Hong Kong, arising from the 14th Five-Year Plan, which reaffirmed China's support for the city’s development in a number of key areas, as well as the city's active participation in the GBA development and the Belt and Road Initiative.

Moreover, she said Singapore firms may also consider listing in Hong Kong, in light of its financial system that has remained resilient through the crisis.

“Hong Kong has unrivalled connectivity with the Mainland's financial markets and offers direct two-way access through the Stock Connect and Bond Connect programmes as well as the future GBA Wealth Management Connect,” she said.

Lam was attending the “Hong Kong – an Ideal Gateway” webinar, hosted by the Hong Kong Economic and Trade Office in Singapore and Invest HK.

Meanwhile, Lam also assured Singapore remained as its priority candidate in setting up an air travel corridor with other territories.

The Hong Kong and Singapore governments are set to discuss the air travel bubble arrangement this month after its postponement due to rising COVID-19 cases.

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