The Greater Bay Area's proximity, growth potential, quality investors, and sheer market size – about 85 million people – are attractive to Hong Kong businesses.
HONG KONG: Businesses in Hong Kong are hoping that city leader John Lee's policy address on Wednesday will ease access to the lucrative Greater Bay Area .
One of the biggest challenges across the Hong Kong-Guangdong border is logistics, said Mr Mak. Import rules and prices have made it difficult to replace faulty parts and ship controlled goods such as batteries, he added. Roborn is one of 100 Hong Kong enterprises registered in the GBA so far. It said ease of access is an important factor in its expansion plans. The company established its first mainland offices in Qianhai as a stepping stone as it was able to use the Hong Kong currency there, and was offered the same testing policies.
“The language and cultural barriers are also less, compared to other cities further up north in China. The GBA is the ideal expansion for the home market, for tech startups in Hong Kong,” said Mr Mok, whose agency helps businesses find their footing in their expansions. “We're working with various stakeholders in terms of facilitation of the people's mobility, flow of capital, data or information as far as products across the border. Help them to soft land more smoothly into the market first. Before we introduce them to different customers, markets, investors.”
Despite this, businesses say that Hong Kong lacks those specialising in application, who can bridge the gap from ideation to production.
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