Unleashing the Greater Bay Area’s Growth Potential
共建灣區 開拓未來

The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), promulgated by the Central Government in February, lays out the blueprint for building a world-class bay area by leveraging the complementary advantages among different cities. Indeed among the four “core cities” of the GBA that have been identified as propelling the region’s development, Link has investments in three – Hong Kong, Guangzhou and Shenzhen.

With the launch of the Express Rail Link’s Hong Kong Section and the relaxation of rules regarding mainland residence for Hong Kong, Macao and Taiwanese citizens, the “one-hour living circle” is now a reality that promotes multi-directional flows of people and goods between the GBA cities. The GBA’s economic strengths and consumption power are exemplified by the strong returns already achieved by Metropolitan Plaza, our investment in Guangzhou.

Shortly after the GBA Outline Development Plan was announced, we acquired CentralWalk, a shopping mall located in Shenzhen’s core business district, and our second acquisition in the GBA after Metropolitan Plaza. In fact, Shenzhen was the first mainland city we considered investing in, although we eventually made our first acquisitions in Beijing and Shanghai. We see enormous upside potential in CentralWalk, as we will apply our expertise in asset enhancement and placemaking to attract additional footfall to this mall, unleashing its potential as a leisure and entertainment landmark in Shenzhen.

While Hong Kong mall operators are known for their mature management skills and operating systems, their mainland industry peers are more willing to try new ideas, and are more adept at applying new technologies. For Link, the GBA’s development will help promote collaboration and exchanges between our teams in Hong Kong and mainland China to enhance the customer experience and, in turn, boost tenant sales.

In terms of population, land area and GDP per capita, the GBA is forecast to surpass renowned bay areas in the US and Japan. We will keep expanding our portfolio in Hong Kong and mainland China to prepare for deepening economic and trade links between GBA cities, and to capture the enormous retail opportunities that will accompany the GBA’s development.

George Hongchoy
Chief Executive Officer



中央政府於2月公布《粵港澳大灣區規劃綱要》，為粵港澳大灣區發展訂出藍本，讓區內城市發揮互補優勢，建設國際一流灣區。大灣區的四大「中心城市」擔當推動區域發展的核心引擎，領展於其中三個 ─香港、廣州及深圳 ─ 已有投資。

隨著高鐵香港段的落成和開放港澳台居住證後，粵港澳大灣區真正形成「一小時生活圈」，灣區內各地將有更頻繁、多方向的人口及貨物流動。大灣區經濟實力強勁，市民願意花費，從領展廣州項目的優良回報可見一斑。

《規劃綱要》公布後不久，領展落實收購深圳市核心商區中心城廣場，是集團繼廣州西城都薈廣場之後於大灣區的第二個收購項目。事實上，深圳是領展最早考慮投資的城市，惟最終先購入北京商場及上海甲級寫字樓。我們將利用集團在資產提升及營運商場的專長，提升中心城廣場客流，令商場蛻變為深圳市的休閒及娛樂地標。

香港商場經營者管理技巧熟練，作業方式完備，而內地業界則更喜歡作出新嘗試，善於應用科技。粵港澳大灣區能促使內地與香港人員交流，透過互相觀摩，有助為顧客創造更佳體驗，藉以提高商戶生意額。

粵港澳大灣區不論是人口、規模或人均生產總值，預計將會超越美國及日本的著名灣區。我們會繼續於香港及內地積極開拓新據點，為灣區城市深化經貿連繫做好準備，把握大灣區發展帶來的蓬勃零售商機。

行政總裁

王國龍