The Greater Bay Area (GBA) blueprint revealed in February details the concepts of how to transform Hong Kong, Macau and 9 Guangdong cities in China into a global economic powerhouse. It touches upon encouraging governments in Hong Kong, Macau and Guangdong to strengthen communication and cooperation with each other, and promoting the idea of cross-border collaboration. Hong Kong, Macau, Shenzhen and Guangzhou would be the key cities and core engines in GBA to lead regional development and reform as well as the driving forces for innovation.
CW Group started planting seeds in the GBA two years ago and now positions itself nicely to assist more overseas enterprises to set foot in GBA via Hong Kong leveraging on our professional accounting advisory and consulting capability, and strong Mainland and international network.
Here are the reasons why CW Group can help you:
1. CW GBA Offices
Apart from CW’s headquarter in Hong Kong, our offices are strategically located in Shenzhen and Guangzhou where they are recognized as key cities of the Greater Bay Area Initiative.
For CW office locations, click here.
2. China Consultancy Team (CCT)
A team of multinational, multilingual and experienced professionals serving overseas clients (over 70% of our 1,000 clients) who are interested in the Hong Kong and Mainland China markets, especially in the GBA.
Our CCT services include:
Please click here to read more about our China Consultancy service
3. Strategic Partner – Law Firm in Guangzhou
The strategic partnership with Z&T Law Firm (正平天成律師事務所) of Guangzhou not only offers client focused accounting services but also legal consultancy services such as IP consultation, drafting business contracts, labor relations management and more.
With the complicated regulatory environment in China, we can provide a one-stop solution for our clients and foreign enterprises planning to capture the tremendous opportunities introduced by the GBA Initiative.
Since we partnered, CW has already worked with overseas companies in technology, retail and trading sector together with Z&T Law Firm.
See the press release of our partnership, please click here.
4. Network with Government
CW has cultivated good relationship with government entities in Hong Kong, Shenzhen, Guangzhou and Zhuhai for the past years. Our active participation and close cooperation with the governments across different cities within the GBA is key to helping overseas companies set foot in Mainland China via Hong Kong where regulatory requirements, policy implementation and local business practices vary from city to city. We can provide the necessary knowledge, advice, network and resources to our clients.
CW works closely with various government bodies of the Hong Kong Special Administrative Region, for example, the Hong Kong Trade Development Council (HKTDC). Our partner Mr. Thomas Wong is also one of the Investment Promotion Ambassadors of InvestHK.
For related reading, please click here.
CW has been assisting the Shenzhen Municipal Commerce Bureau (深圳市商務局) (formerly known as Invest Shenzhen) with organizing investment promotion activities in Spanish and Portuguese-speaking countries in the past few years.
We are the only business advisory and accounting firm that has been awarded by the Shenzhen Municipal Commerce Bureau as Annual Excellence Partner for Investment Promotion, an award that we received two years in row since 2017.
For related reading, please click here.
For 2018 award ceremony video, please click here.
Mr. Thomas Wong is the International Advisor of Invest Guangzhou(廣州市國際投資促進中心) since 2016 and re-appointed last year.
The news was reported on their official social media page, please click here.
CW has been cooperating closely with Zhuhai Municipal Bureau of Commerce (珠海市商務局) since we signed a Cooperation Agreement with them in 2018.
Zhuhai is now a designated hub for Latin companies that want to expand their businesses into China.
5. Network with chambers in the Greater Bay Area
CW has been collaborating with many foreign chambers in Hong Kong and also in other GBA cities for many years. Together, we can provide more business matching opportunities for local and overseas businesses.
We are members of:
6. International Network
Our global network spans across different continents including Europe, South America, North America and Asia.
International Accounting Association
We are members of two internationally known accounting associations:
Allinial Global (www.allinialglobal.com)
A worldwide accounting association with over 180 member firms in over 500 overseas locations, was named 2018 Association of the Year and currently ranked No. 3 according to The Accountant and International Accounting Bulletin (IAB).
UC&CS Global (https://www.uccsglobal.org/)
The No. 1 accounting association for Latin America business and currently ranked No. 18.
Other International Network
CW have overseas representatives in Bogotá (Colombia) & London (U.K.), lawyers in Barcelona & Madrid (Spain), chambers in Latin America (e.g. Brazil, Mexico, Chile) and the U.S. (e.g. Greater Miami & Dallas) and government bodies referring clients to us all along.
For any enquiries about the GBA, please write to Delilah Li (Delilah.firstname.lastname@example.org).
Please stay tuned to our regular updates and more information about the GBA in the upcoming newsletters and on our website under the Insights section.