HONG KONG, June 22, 2020 - (ACN Newswire) - Standard Chartered
and Hong Kong Trade Development Council ("HKTDC") are pleased to
announce the launch of the "Standard Chartered GBA Business
Confidence Index", the first forward-looking quarterly survey in
the market that looks at the business sentiment and synergistic
effects across cities and industries in the Guangdong-Hong
Kong-Macao Greater Bay Area ("Greater Bay Area" or "GBA"), to
provide the latest business intelligence for those who are keen to
grow their presence in the Greater Bay Area.
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(from left) Standard
Chartered's Kelvin Lau, Senior Economist, Greater China; Rose Kay,
Head, Greater Bay Area; Mary Huen, Chief Executive Officer, Hong
Kong; HKTDC's Margaret Fong, Executive Director; Johnny Wan,
Director, Publications & E-Commerce; and Nicholas Kwan,
Director of Research, at the launch ceremony of "Standard Chartered
GBA Business Confidence Index". |
The index will be released every quarter and is computed from the
analysis of more than 1,000 responses of GBA companies on their
overall operations, business environment and expansion plan. The
index includes five sub-indices which give indications on the
business confidence for each industry, including manufacturing
& trading, retail & wholesale, financial services,
professional services and innovation & technology. It enables
investors and businesses to better understand the current business
climate, gauge future performance and formulate their market
strategies in the Greater Bay Area.
Mary Huen, CEO, Hong Kong, Standard Chartered, said: "We are very
pleased to join forces with the HKTDC to introduce the first GBA
business confidence index in the market. We believe that the survey
will help the public and companies in the region make appropriate
strategic decision with economic insight in today's ever-changing
market environment. The Greater Bay Area is one of the biggest
growth drivers of the Chinese economy and plays a significant role
in the opening of China and gives companies in the region full play
to the composite advantages of Guangdong, Hong Kong and Macao. It
will also help promote coordinated regional economic development
and inject new impetus into the diversified development of Hong
Kong economy. Standard Chartered will endeavour to expand our
business in the region and would like to leverage its talents and
technology in finance to develop our innovative financial products
and services."
Margaret Fong, Executive Director, HKTDC, said: "We are delighted
to collaborate with the Standard Chartered again. By launching the
first GBA Business Confidence Index in the market, we can assist
businesses to formulate timely development plans and capture new
opportunities. The HKTDC has signed agreements with the other 10
Greater Bay Area cities to facilitate companies in the region to
expand their businesses through Hong Kong's two-way platform,
strengthening the city's position as the region's global investment
and business hub. Going forward, we will help businesses tap into
Greater Bay Area markets by providing them with intelligence,
promotion and business matching opportunities through our
exhibitions, conferences, missions and more."
As a leading global bank with extensive branch network in the
Greater Bay Area, Standard Chartered has been promoting the local
economic development and put it as one of its key strategic
priorities. Our unique global footprint and business expertise such
as Belt and Road, RMB internationalisation, trade finance, bond
market, digital innovation, wealth management and sustainable
finance can meet the financial needs in the development of the
Greater Bay Area.
About Standard Chartered
We are a leading international banking group, with a presence in 59
of the world's most dynamic markets, and serving clients in a
further 85. Our purpose is to drive commerce and prosperity through
our unique diversity, and our heritage and values are expressed in
our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock
Exchanges as well as the Bombay and National Stock Exchanges in
India.
The history of Standard Chartered in Hong Kong dates back to 1859.
It is currently one of the Hong Kong SAR's three note-issuing
banks. Standard Chartered incorporated its Hong Kong business on 1
July 2004, and now operates as a licensed bank in Hong Kong under
the name of Standard Chartered Bank (Hong Kong) Limited, a wholly
owned subsidiary of Standard Chartered PLC.
For more stories and expert opinions please visit Insights at
sc.com. Follow Standard Chartered on Twitter, LinkedIn and
Facebook.
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body
established in 1966 to promote, assist and develop Hong Kong's
trade. With 50 offices globally, including 13 in Mainland China,
the HKTDC promotes Hong Kong as a two-way global investment and
business hub. The HKTDC organises international exhibitions,
conferences and business missions to create business opportunities
for companies, particularly small and medium-sized enterprises
(SMEs), in the mainland and international markets. The HKTDC also
provides up-to-date market insights and product information via
trade publications, research reports and digital news channels. For
more information, please visit: www.hktdc.com/aboutus. Follow us on
Twitter @hktdc and LinkedIn.
For further information, please contact:
Standard Chartered Bank (Hong Kong) Limited
Gabriel Kwan / Daniel Ip
Tel: +852 2820 3036 / +852 2820 3871
Email: gabriel.kwan@sc.com / daniel.ip@sc.com
Hong Kong Trade Development Council
Beatrice Lam
Tel: +852 2584 4049
Email: Beatrice.hy.lam@hktdc.org
Source: HKTDC
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