How Hong Kong & Macau Residents Are Reshaping Cities In China's Greater Bay Area | CNA Correspondent
705It’s been eight years since China launched the Greater Bay Area integrating Hong Kong, Macau and nine Guangdong cities to boost innovation, finance and trade across the Pearl River Delta. With a nationwide property crisis casting a long shadow over the development of the mega region in the last few years, CNA’s Deborah Wong examines how greater integration of travel and people across the borders has provided a much-needed boost to one cash-strapped local government.
She also looks at whether Hengqin, a struggling special economic zone co-managed by Macau and Guangdong, can ride on the mega region drive and have its fortunes turned around. And Deborah finds out how an influx of mainland students in Hong Kong and Macau is reshaping the property industry in the special administrative regions.
00:00 China's embattled property sector
00:42 Yunfu city welcomes Hong Kong homebuyers
03:49 China’s property crisis opens door to non-local buyers
04:41 Greater Bay Area integration lifts property prices
07:28 Fresh push to elevate Macau with Hengqin development
10:24 Talent shortage could stymie Hengqin progress
14:08 Hong Kong, Macau welcome more mainland students amid integration
19:01 School housing crunch leads to new property segment
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