Hong Kong Special Administrative Region is located in the southeast coast of Pearl River Delta, with favourable geographical conditions.
Hong Kong is a prosperous international cosmopolitan city with frequent industrial, commercial and trade activities. It is also a prominent international financial, services and maritime centre.
Hong Kong is a free economy, renowned by free trade, low tax rate and its independent and sound legal system.
Statistics (as of 2019, to be updated)
Gross domestic product (GDP)
GDP per capita
Construction industry GDP
Development and Planning of Related Policy
On 1 July 2017, the National Development and Reform Commission and the governments of Guangdong, Hong Kong and Macao signed the Framework Agreement on Deepening Guangdong-Hong Kong-Macao Cooperation in the Development of the Greater Bay Area in Hong Kong. The Framework Agreement sets out the goals and principles of cooperation and establishes the key cooperation areas in the development of the Greater Bay Area.
On 1 July 2017, Chief Executive announced the establishment of Steering Committee for the Development of the Greater Bay Area in Policy Address, and the establishment of Guangdong-Hong Kong-Macao Greater Bay Area Development Office in the Constitutional and Mainland Affairs Bureau as a supporting department.
On 18 February, the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area was officially announced by the country.
In 2019, the Mainland and Hong Kong signed the Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services, which officially implemented in June 2020. The Agreement extends the scope of mutual recognition for qualifications of construction professionals. Architects, structural engineers etc. might acquire the corresponding Mainland's professional qualifications through mutual recognition or examinations. Besides, if they are engaged or employed by relevant enterprises in the Mainland, they are allowed to register for practice in designated provinces and cities and establish architectural design, structural engineering or other related firms or operate those firms in the form of partnership or association with their Mainland partners. Hong Kong construction professionals who have obtained relevant professional qualifications through mutual recognition or examinations are allowed to extend their areas of services throughout Mainland.