On the 24 November 2018 the AIA Hong Kong and China Tax Conference took place at the PolyU Hong Kong Community College, attracting over 100 delegates from leading businesses based in Hong Kong and the wider Southern China region.
One of the leading topics for discussion centred around the Greater Bay Area (GBA) development. Mr Caesar Wong, Managing Director, RSM Hong Kong led the session, covering not only the opportunities that the GBA development will undoubtedly bring to the South China region, but also the potential tax implications arising from cross-border investments and operations.
The Greater Bay Area is the Chinese government’s plan to integrate Hong Kong, Macau and nine southern mainland cities into one huge megacity in order to become a leading hub for innovation and economic growth. The megacity it will form will encompass 68 million people and 56,000 sq. km, with a combined economy of £1.14 trillion.
By 2030, the Greater Bay Area is expected to play a leading role in advanced manufacturing, innovation, shipping, trade and finance with the largest economy among bay area’s globally, eclipsing the San Francisco Bay Area, Greater New York and the Greater Tokyo Area.
Other topics covered at the conference included; a Hong Kong Tax Update, Practical Tips on Tax Management and How to Navigate Tax Disputes.
Special thanks to our guest speakers, sponsors and HK Branch representatives without whom this event would not have been possible.