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Huizhou

Huizhou
Latest news, analysis, explainers and updates on policy announcements, corporate developments and investment opportunities focused on Huizhou under the Greater Bay Area (GBA) initiative in southern China’s Pearl River Delta. Coverage includes politics and policies, business, lifestyle and culture and useful to-do guides about living, working and studying in the GBA.
Head of Government
Party Secretary of Huizhou Liu Ji
ASMPT streamlines its operations in mainland China, the company’s largest market. Photo: Shutterstock
Semiconductors

Singaporean chip equipment maker ASMPT to close Shenzhen plant, axe 950 workers

ASMPT is expected to incur a one-time restructuring charge of US$50 million, covering severance, shutdown costs and inventory write-offs.

IPO

Nvidia’s printed circuit board supplier Victory Giant plans Hong Kong IPO

IPO

Chinese circuit-board maker Victory Giant considering Hong Kong listing: sources

Hong Kong housing

Editorial | Hong Kong website helps hunt for property in Greater Bay Area

A solution for house hunting headaches in Greater Bay Area is sign of closer collaboration between Hong Kong and Guangdong province.

Photo: Shutterstock
Business of climate change

Electric trucks cheaper than diesel vehicles on long-haul routes: expert

A pilot programme in Shenzhen showed that trucks that run on batteries beat diesel-fuelled vehicles in terms of total cost of ownership.

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Hong Kong society

More Hong Kong border checkpoints with mainland China to operate around the clock

Proposals revealed in National Development and Reform Commission action plan, which also calls for incentives to attract Hong Kong talent across border.

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Greater Bay Area

China opens multibillion-dollar link for cross-border wealth management

Greater Bay Area, which is home to four top 10 richest people in China, will have a new cross-border trading scheme for investment products, a core project by Beijing to promote capital flows and investment among the 11 cities in the plan.

Students visiting a booth set up by The Guangdong-Hong Kong-Macao Greater Bay Area Development Office (GBA Development Office) at the HKTDC Education & Careers Expo 2021 in Wan Chai on 15 July 2021. Photo: Nora Tam
Greater Bay Area

Hong Kong can be the Greater Bay Area’s San Francisco, US think tank says

Hong Kong can connect the Greater Bay Area with the rest of the world, much like San Francisco’s role in the San Francisco/Silicon Valley Bay Area.

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Autonomous vehicles

Autonomous driving firm Desay allows Huizhou to steer EV sector

Desay SV Automotive, a Huizhou-based electronics components maker, is developing new technologies that could help Chinese electric vehicle makers put passengers into driverless cars.

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Greater Bay Area

17 things you may not know about southern China's Greater Bay Area (GBA)

The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub.

17 things you may not know about southern China's Greater Bay Area (GBA)
Greater Bay Area

Exclusive | Greater Bay Area offers exit from Hong Kong’s recession, Chan says

The cluster of 11 cities, with a combined population of 72 million residents and an economy estimated at US$1.65 trillion – equivalent to the world’s 11th-largest economy behind Canada and ahead of Russia, if it were a stand-alone entity – provides a potential market 10 times the size of Hong Kong.

A screen shows a map of Greater Bay Area during a symposium on the "Outline Development Plan for the Guangdong-Hong Kong-Macao, Greater Bay Area" in Hong Kong on Thursday, February 21, 2019. Photo: AP
Greater Bay Area

Developers compete for land next to bay area high-speed train stations

Competition is becoming fierce as Hong Kong property giants join their mainland Chinese rivals in bidding for projects that can profit from their transport links within the future economic hub.

Greater Bay Area

Hong Kong supplier to Uniqlo, Tommy Hilfiger bets US$713.8 million on Huizhou

The Hong Kong family behind Nameson Holdings, which among other businesses also makes jumpers for Uniqlo, Tommy Hilfiger and others, is a big fan of Huizhou, and believes it will benefit from the Greater Bay Area plan.

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Greater Bay Area

‘Recessionproof’ Huizhou is Greater Bay Area’s most resilient office market

Huizhou, which is included in Beijing’s Greater Bay Area development zone, was its most resilient office market over the first half of this year, according to property services firm Savills.

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Huizhou’s office market has ‘turned out to be relatively stable’, according to Savills. Photo: SCMP
Greater Bay Area

Singapore giant rides on GBA’s building spree with Huizhou data centre

The GBA, a cluster of 11 cities in southern China including Hong Kong and Macau, is estimated to have a combined economic output of US$1.5 trillion, which would make it the world’s 13th-largest economy after South Korea if it were a stand-alone entity. Total population in the area is projected to grow to 100 million by 2035, from the current 70 million.

Huizhou in southern China’s Guangdong province, one of the 11 cities that make up the Greater Bay Area (GBA), on June 2020. Photo: SHUTTERSTOCK
China property

Tighter rules in Shenzhen may see homebuyers flock to ‘investor paradise’ Huizhou

Huizhou, in southern Guangdong province, saw its home prices soar by 6.7 per after it emerged from coronavirus lockdown, but it is still far more affordable than nearby Shenzhen where new restrictions have made buying harder.

Greater Bay Area

Huizhou, ‘China’s Miami’, beckons to retirees seeking to escape Hong Kong

Huizhou, whose coastline in China’s southern Guangdong province is reachable in 90 minutes from Kowloon, is being pitched as an option for elderly citizens seeking escape from Hong Kong’s hardships.

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Greater Bay Area

Sinomach to build US$28.6 billion smart industrial estate in Huizhou

China National Machinery Industry Corporation (Sinomach), the country’s largest industrial machinery company, has signed a framework agreement with the Huizhou municipal government to build a “world-class” industrial estate for modern equipment manufacturing.

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Huizhou is among nine mainland Chinese cities that together with Hong Kong and Macau form the Greater Bay Area. Photo: Handout
China economy

Guangdong to build 20 hi-tech industrial estates focusing on 5G by 2022

President Xi Jinping promised unprecedented spending on ‘new infrastructure’, including 5G networks, in response to the economic impact of the coronavirus.

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Greater Bay Area

China links Inner Mongolia to Greater Bay Area with Huizhou route

The new route focuses on serving tourists, but also facilitates trade between Greater Bay Area and cities in northern China, Russia and Mongolia, say experts.

Greater Bay Area

Huizhou draws hi-tech projects as it eyes bigger role in Greater Bay Area

In a boost for the Greater Bay Area city of Huizhou, two companies plan to invest 5 billion yuan (US$714 million) to set up 5G and R&D facilities.

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Huizhou has signed a deal with Shenzhen Sinlikon Supply Chain Management to develop an industrial estate specialising 5G technology and services. Photo: AP Photo
Greater Bay Area

Huizhou looks to upgrade its industry to tap bay area opportunities

Huizhou, one of the less developed cities in China’s scheme to create an economic hub, aims to embrace new industries like car making and clean energy.

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The China National Offshore Oil Corporation's (CNOOC) oil refinery in Huizhou. Petrochemicals is one of the pillars of the city’s economy. Photo: Reuters
Wealth management

Explainer | How China’s wealth management scheme could work

Greater clarity on oversight and movement of capital is urgently needed or the scheme could flounder like the Hong Kong-China Mutual Recognition of Funds launched in 2015.

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E-commerce

China to set up 46 new integrated pilot zones for cross-border e-commerce

China is making an effort to leverage cross-border e-commerce to help foreign trade recover amid the Covid-19 pandemic.

Greater Bay Area

A look at the Greater Bay Area cities with the best property outlook

Zhuhai tops the list of Greater Bay Area cities on the mainland with price gains of 1.8 per cent since February, closely followed by Dongguan at 1.7 per cent.

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Zhuhai’s property market has the best potential upside over the next 12 months, according to the Hong Kong research firm Real Estate Foresight. Photo: Shutterstock
Asia travel

Huizhou Lake District: a tranquil gem rich in Chinese history

A convenient stop on Hong Kong’s Express Rail Link, Huizhou has a mix of urban areas, culture and scenery, with ancient pagodas and pavilions. Its top tourist attraction is the West Lake, which is perfect for lakeside wanders.

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China weekend break: Huizhou Lake District’s rich history and idyllic walks make for a relaxing trip
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