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GBA Business School

海納百川,有容乃大
實事求是,立己立人
Contributing to the development of Hong Kong, the Greater Bay Area, and China by nourishing world-class business leaders

About GBA Business School

Vision

Based in the Greater Bay Area, we aim to build a business knowledge hub to serve visionary corporations in the Area through state of the art and practical executive education. We aim to become a renowned world-class higher educational institution, contribute to the development of Hong Kong, the Greater Bay Area, China, and the world.

 

Mission

To become a world-class higher educational institution, we aim to nourish business leaders with global vision, innovative thinking, and social responsibility, with the ability in strategizing and synergizing the resources in the Area, and connecting to the world.

Values

The GBA Business School aims to contribute to the development of Hong Kong, the Greater Bay Area, and China by nourishing world-class business leaders with innovative thinking and a strategic mindset in management.

We have established the Six Pillars as our program’s core values in nourishing leaders of  business community and community:

  1. Context relevance
  2. Practicality
  3. Entrepreneurship
  4. Tech-focused
  5. East + West
  6. Global perspective

Our Education Focus

  • Practicality and application-driven.
  • Nourish enterprises and foster learners in the area with global mindset, mastery
    of the latest know-how to improve leadership and effectiveness.
  • Create a globally acknowledged brand by offering educational programs with
    worldwide recognition.
  • Strong professional teaching team possessing rich international business experiences, integrated knowledge from both East and West, global vision, and local wisdom.

 

 

 

From the Board

Dr Liu Yung Chau
Chairman of the Board
GBA Business School
Chairman’s Message

“With the rise of China in the 21st century, education plays an impeccable role in talent and leadership development. The development of the Greater Bay Area is a national policy and will become a national pride. The GBA Business School will be deeply rooted in the Greater Bay Area, committed to making contributions to the area and the world. We will provide full support to the inception and to become a world-class business school providing state-of-the-art executive business education and training for the region and beyond.”

Prof Andrew Chi Fai ChanSBS JP
Vice-Chairman of the Board and President
GBA Business School
Vice Chairman’s Message

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) initiative is a major national strategy and will definitely go down in history. The initiative will provide unparalleled opportunities for development and advancement that includes technological innovations, incubating emerging industries and connecting with the world – all of these would not have been possible without the cultivation of talents.

Having been involved in executive business education for nearly four decades, I consider the GBA development as the most exciting opportunity for me to make further contributions to the society going forward. It gives me great pride to join as a board member of the GBA Business School. There will be an unprecedented demand for business leaders in the future to fuel this mega plan. The GBA Business School will strive for excellence to fulfill its role of providing world-class talents for the region.

Management Team

Prof Andrew Chi Fai Chan SBS JP
Vice-Chairman of the Board and President
GBA Business School
Prof Dicky Shek
Honorary Vice President
GBA Business School

of GBA

The Greater Bay Area (GBA) Development is a National Strategy. Hong Kong will continue to be a super connecting hub for Macao SAR, Guangzhou, Shenzhen, and the other cities in alluring more external investment and talents, acquiring internationally advanced technologies and managerial expertise in leveraging China’s reform and opening-up process. With regard to the rapidly changing global business environment, Hong Kong will take a more proactive role in the development of the GBA, as mentioned by Hong Kong SAR Chief Executive Carrie Lam at the Symposium on the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area in February.

According to China’s development blueprint, the GBA is part of the critically important strategic national policy that deepens the country’s innovation-driven development and commitment to further reform and opening-up. This will further increase the cooperation amongst Guangdong, Hong Kong and Macao, promote more coordinated regional economic development, thus making it an ideal world-class area for living, working, and traveling.

By the Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area in Hong Kong, the relevant Central Government departments and the three local governments have strived for policy breakthroughs jointly.

 

Source: HKGCC (2016)

 

 

 

Being the most open and international city in the Greater Bay Area, Hong Kong is known for its status as an international financial, transportation, trade, and aviation hub as well as its renowned professional services. On the one hand, Hong Kong will facilitate and support the economic development of the region, with a view to enhancing the role and functions of the Greater Bay Area in the country’s two-way opening up; on the other hand, the blueprint will facilitate the development of industries in which Hong Kong’s strengths lie in the Greater Bay Area, capitalizing on Hong Kong’s strengths to serve the country’s needs.

The deepening in the development will inevitably require a more high-quality workforce and talents in the newly defined business environment. Hong Kong can capitalize on its past international experience by offering world-class education and development to the talents who will play pivotal roles in the blueprint. The establishment of the GBA Business School will bridge the gap and upskill the existing talent pool in the Area and make an instrumental contribution to this mega-development plan.

Comparison of World’s Major Bay Areas

Tokyo Bay Area
New York Metropolitan Area
San Francisco Bay Area
Guangdong-Hong Kong-Marco Greater Bay Area
Size
36,899 km2
Size
21,479 km2
Size
17,887 km2
Size
56,904 km2
Population
44.18 million
Population
19.98 million
Population
7.82 million
Population
71.16 million
GDP1 (U.S. dollars2)
1,774.24 billion
GDP1 (U.S. dollars2)
1,717.73 billion
GDP1 (U.S. dollars2)
837.57 million
GDP1 (U.S. dollars2)
1,642.0 billion
Real GDP growth (%)
2.14
Real GDP growth (%)
1.33
Real GDP growth (%)
4.73
Real GDP growth (%)
5.9
Per capita GDP
(U.S. dollars)
40,163
Per capita GDP
(U.S. dollars)
85,974
Per capita GDP
(U.S. dollars)
107,178
Per capita GDP
(U.S. dollars)
23,075
Air passenger throughout
(million passenger-times)
125.6
Air passenger throughout
(million passenger-times)
138.1
Air passenger throughout
(million passenger-times)
85.7
Air passenger throughout
(million passenger-times)
214.9
Air cargo and airmail throughput
(million tonnes)
3.49
Air cargo and airmail throughput
(million tonnes)
2.21
Air cargo and airmail throughput
(million tonnes)
1.23
Air cargo and airmail throughput
(million tonnes)
8.32
Port container throughout (million TEUs
8.24
Port container throughout (million TEUs
7.18
Port container throughout (million TEUs
2.42
Port container throughout (million TEUs
74.42
GDP share of tertiary industry (%)
77.0
GDP share of tertiary industry (%)
83.5
GDP share of tertiary industry (%)
72.1
GDP share of tertiary industry (%)
66.1

The Role of Hong Kong in Greater Bay Area (GBA)

The Greater Bay Area (GBA)

The Guangdong-Hong Kong-Macau GBA consists of the Hong Kong Special Administrative Region (HKSAR), the Macao Special Administrative Region (Macao SAR) as well as the municipalities of Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in Guangdong Province. As one of the most open and economically vibrant regions in China, the GBA plays a significant strategic role in the overall development of China.

The development plan for the GBA is related to not only a population of 70 million people, but also covering an area that contributes to one-tenth of China’s economic output, the breadth and depth of the new wave of China’s reform and opening-up, as well as tens of thousands of enterprises in multiple industries and sectors.

The GBA already possesses the momentum for developing into an international first-class bay area and a world-class city cluster.

 

 

Role of Hong Kong

Located at the forefront of China’s opening up along the coast and with the Pan-PRD Region as its vast hinterland for development, Hong Kong plays an important role in the GBA by:

  • Being a highly developed marine and aviation transport hub for the Area.
  • Providing highly developed professional services in investment, trade, financial services, technology, education, leisure and tourism, ecological and environment protection, and social services to support the GBA.
  • Providing outstanding capabilities in scientific research and development and commercial application.
  • Providing an international business platform supporting the free flow of information, human capital, and financial capital.
  • Promoting cooperation and development in education and developing a talent pool for the Area.
  • Serving as a bridge for implementing China’s “go global” strategy, and helping to accelerate the shift of the growth model on the Chinese mainland.

 

 

 

Global Strategic Positions

  • World’s freest economy & most services-oriented economy services sector accounts for more than 90% of GDP.
  • World’s 8th largest exporter of merchandise trade.
  • World’s 15th largest exporter of commercial services.
  • Global FDI inflows to Hong Kong rank 3rd globally.
    Amounted to $115.7 billion in 2018, behind only the Chinese mainland (#139 billion) in Asia
  • Largest offshore RMB clearing center.
    Sharing about 79% of the world’s RMB payments.
  • 3rd largest stock market in Asia and 5th largest in the world in terms of market cap.
  • 3rd leading global financial center, after New York and London.
  • Hong Kong International Airport ranks 7th in the world in terms of container throughput.

As of 2018, Source: HKTDC

 

Under the GBA Development, Hong Kong will continue to act as a super connecting hub for Macao SAR, Guangzhou, and Zhuhai in alluring external investment and talents, absorbing internationally advanced technologies and managerial expertise during China’s reform and opening-up process.

With regard to the rapidly changing global business environment, Hong Kong’s role in the development of the GBA will become more proactive, as mentioned by Hong Kong SAR Chief Executive Carrie Lam at the Symposium on the “Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area” in February 2020.

 

 

 

 

The Opportunities

Hong Kong is well known as a world financial center; Shenzhen is well known as China’s “Silicon Valley” because of its innovation and startup culture; Guangzhou is known for its manufacturing industry and as a logistics hub; and Macau and Zhuhai are known for leisure and tourism.

A more integrated and open GBA allows for the further development of these industries. Hong Kong will tap Into Shenzhen’s booming innovation and start-up ecosystem while retaining Hong Kong’s strong legal system and business environment.

As an international city with a highly developed professional service industry and RMB convertibility, Hong Kong can assist Chinese companies to achieve these global ambitions, just as it has traditionally assisted international companies in achieving their ambitions in mainland China.

If the initiative develops according to plan, the region will be transformed from “The Factory of the World” to a dynamic hub of innovation and services with a GDP of US$4.62 trillion by 2030. This could mean the Pearl River Delta overtaking rival bay areas in Tokyo, New York, and San Francisco to become the biggest in the world in terms of GDP.

 

The Strategic Role of Hong Kong

The National Development and Reform Commission recently revealed 40 initiatives aimed at empowering Shenzhen as a pilot zone for further economic reform. Many of the initiatives, including becoming more market-oriented, opening itself to greater foreign investment, and building up its financial and capital markets as well as legal and arbitration services, are areas of strength for Hong Kong.

“The Bay Area will give fresh momentum to Hong Kong’s economy. It will also provide new policy opportunities to improve the city’s quality of life,” Carrie Lam said earlier.

In addition to its leadership positions in financial service, trade, and investment, Hong Kong will also act as an engine in education and talent development, especially talents who can bridge the East and West. Now there are five universities in Hong Kong that are being ranked within the top 100 by various rankings. The establishment of the GBA Business School, a new age state of the art one, will play a role in offering the required knowledge, building practitioners’ social network, and acting as a change agent in the business community of Hong Kong as well as in the Area.

 

 

 

Webinar:
New Strategic Thinking for GBA - Digital Transformation for Manufacturing
Moderator:
Prof Dicky Shek
Honorary VP
GBA Business School
Guests:
Dr Raymond Wong
Deputy Chairman & CEO
Raymond Ind
Dr Stephen Ko
Advisor to Board
Executive Coach
Experts in Process Manufacturing
MedTech & IT

News / Announcements

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