Bay to Bay: Synergies between San Francisco and China’s GBA, says US report
HONG KONG - A research report identifying synergies and collaboration opportunities between the San Francisco Bay Area and China's Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has been published by the Bay Area Council Economic Institute, based in San Francisco, and the Hong Kong Trade Development Council (HKTDC).
The report analyses the trade, investment and policy landscape of the two bay areas, and identifies sectors with potential, including climate change, clean energy, healthcare, electric and autonomous vehicles, biomedicine and fintech.
In addition to assessing the trade and investment landscape and detailing areas for potential collaboration, the report also looks at the GBA in detail and how US businesses can leverage Hong Kong as an international platform to link with the GBA to capture business opportunities.
Sean Randolph, the report's principal author and Senior Director at the Bay Area Council Economic Institute, notes that the GBA and the San Francisco Bay Area "are both complex regions and global economic hubs".
"Hong Kong in particular" he says, "as an international crossroads with a dynamic services sector and innovative research, has similarities to San Francisco.
"With its relative openness and established legal system for business transactions it's also well-positioned as a bridge to the GBA.
"In the last few years, doing business between the US and China has become more complicated -- but there are still many opportunities to explore."