Hong Kong's Secretary for Commerce and Economic Development Edward Yau Tang-wah addresses a symposium entitled "Hong Kong: Your Greater Bay Area Partner in Expanding Your Global Business" via video in Hong Kong, March 1, 2021. (PHOTO / INFORMATION SERVICES DEPARTMENT, HKSAR GOVT)

HONG KONG - Edward Yau Tang-wah, secretary for commerce and economic development of the Hong Kong Special Administrative Region (HKSAR) government, on Monday encouraged Australian enterprises to seize the abundant opportunities offered by the Guangdong-Hong Kong-Macao Greater Bay Area.

Yau made the remark at a hybrid symposium, entitled "Hong Kong: Your Greater Bay Area Partner in Expanding Your Global Business," hosted by InvestHK in Sydney on Monday, which attracted over 400 participants from the HKSAR and Australia.

HKSAR Secretary for Commerce and Economic Development Edward Yau Tang-wah said that by various estimates, the Greater Bay Area's gross domestic product (GDP) will grow to over US$4.7 trillion by 2030, presenting growth potential that Australian companies should not be missing

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"Connectivity through extensive efficient railway systems plus world-class airports and container ports and telecom networks within the Greater Bay Area provides a solid foundation for it to thrive as a major economic engine of the country."

"While the 11 cities pursue a common goal of building the Greater Bay Area into the best bay area in the world, they play different functions as a holistic cluster," Yau said, adding that green and sustainable development will be another driver of the Greater Bay Area in attracting international businesses.

Yau said that by various estimates, the Greater Bay Area's gross domestic product (GDP) will grow to over US$4.7 trillion by 2030, presenting growth potential that Australian companies should not be missing.

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InvestHK is the department of the HKSAR government, responsible for attracting foreign direct investment and supporting overseas and mainland businesses to set up or expand in Hong Kong.