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Hong Kong has high demand for GBA financial products, services

A survey commissioned by BOC Hong Kong shows that 70% of Hongkongers want financial products and services in the Greater Bay Area and nearly half want to buy homes there. Of the more than 2,700 Hong Kong residents aged 18 to 65 surveyed in January, 70% said they need financial products and services in the GBA for daily expenses, online shopping, wealth management, and mortgage loans. About 60% of those who intend to set up an account in mainland China, but have not used online payment tools, prefer to have their mainland bank account remotely. The respondents were asked about their travel plans to the mainland and the demand for financial services in the area connecting Hong Kong, Macau, and Guangdong province after the border reopened.


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