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Press release

18 MAY 2018

RICS Annual Conference assesses Hong Kong’s role in Greater Bay Area

The RICS Hong Kong Annual Conference 2018 gathered nearly 500 business executives, property professionals and policymakers to examine Hong Kong’s potential to drive Greater Bay Area (GBA) development.

The conference, 'Establishing Hong Kong as the nucleus of a thriving Greater Bay Area', was held on 18 May at the Grand Hyatt Hong Kong.

Guest of honour Mrs Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region, opened the conference with a speech about Hong Kong’s role and potential in the GBA.

"Hong Kong's strengths are rooted in our 'One Country, Two Systems' advantage. This advantage will not disappear or diminish. The freest economy in the world, Hong Kong, delivers high-powered financial and professional services and global connections, even as we deepen our economic ties to the mainland,” said Mrs Carrie Lam. "A prosperous Bay Area will generate increasing demand for infrastructure construction and high-end, high-value-added services. That is pitching to our strength and our expertise; it will be an opportunity Hong Kong will smartly and eagerly run with."

An overview of the GBA development featured presentations by The Honourable Mrs Regina Ip Lau Suk-yee, GBS, JP, Legislative Council Member, Hong Kong SAR and Chairperson, New People's Party; and Professor Guangnan Zhang, Doctoral Supervisor, Institute of Guangdong, Hong Kong and Macao Development Studies. Dr Justin Chiu, Chairman, ARA Asset Management Limited, examined the GBA’s impact on Hong Kong’s real estate and construction sectors.

Senior leaders from academia and the private sector, from a broad range of industries, deliberated their views and explored future growth and challenges for the 11 Bay Area cities. Four panel discussions scrutinised GBA challenges and how Hong Kong might lead the success of the GBA.

"Hong Kong’s strong economic standing and world-class professional services position it as the Bay Area’s gateway city," said Mr Dave Hallam MRICS. "RICS designed this conference to initiate active engagement and involvement in the wider community, so that Hong Kong can take advantage of the opportunities brought by this grand plan."