Navigator 2021 gives you insights to what business decision makers are thinking and planning, and also provides you a view of future opportunity and challenges for growth.
The voice of business to drive your business forward
The voice of business
Hong Kong business leaders expects sales growth in the coming year with a positive outlook on international trade and a lack of concern about labour market shortage.
Download the Hong Kong report to know more insights from the businesses.
Business opportunities in the Greater Bay Area
International corporates are eyeing business opportunities in the Greater Bay Area (GBA), where three in four are planning to invest or expand in the next three years, according to the latest HSBC Navigator survey.
On what makes GBA attractive to overseas businesses:
- higher levels of technological advancement (35%)
- higher concentration and advance research and development resource (31%)
- greater volume of high skilled workforce in a small geographic region (31%)
- a wealthy city cluster and burgeoning middle class (31%)
Daniel Chan
Head of Greater Bay Area, HSBC
The Greater Bay Area has shown its potential as a globally competitive, world-class metropolis. The pace of integration within the city cluster, which is leading in technology and innovation with a high concentration of affluent residents, will create abundant opportunities for international businesses.
In terms of investment priorities in the GBA over the next three years：
Technology and innovation (38%)
Improving supply chain reliability (33%)
Digitalisation (33%)
Establishing partnership with local companies in GBA (33%)
According to 73% of our respondents, Hong Kong, Guangzhou, Shenzhen and Macau are the preferred entry points to the GBA. In which 37% opted for Hong Kong due to its access to global capital markets and its abundance of professional services. Respondents also find Guangzhou (13%) and Shenzhen (13%) attractive as the gateway into the GBA due to their enviable supply chain for manufacturing and innovation capabilities.
Download the infographic to know more insights about the GBA
Future of Work
The HSBC Navigator: Future of Work polled over 2,100 business leaders from ten global markets to explore the future of work, revealing how companies are planning to meet the changing needs of their workforce in the post-pandemic world.
Hybrid working
67%
see remote/hybrid working as crucial to growth.
Enable growth
77%
see a strong relationship between investing in the workforce and profitability.
The future of work
70%
of businesses globally intend to increase headcount.
213 Hong Kong businesses are also surveyed and they acknowledged the relationship between investing in workforce and sustaining profitability:
Core to growth
64%
are already investing through ways such hiring, upskilling and training talents to capture growth potential.
Hybrid working
96%
agree an optimal working arrangement post-pandemic would be at least partially remote.
Sustainable workforce
97%
businesses considered sustainable workforce as critical in improving the overall ESG credentials of the business.
Find out more
To know more insight about the Navigator 2021, please visit our global HSBC Navigator website.
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