Asia-Pacific

Implications of China's Greater Bay Area (GBA) Development

_{Posted on Feb 25, 2019}

On 18 Feb, China’s State Council revealed details of the plan to develop the Guangdong-Hong Kong-Macau "Greater Bay Area", aiming to build a "world-class cluster of cities” while establishing the major cities as hubs for different sectors.

Citi analysts view the Greater Bay Area (GBA) as China’s most promising region for social and economic development. With the two-way integration between HK/Macau and the mainland cities, the region is set to lead China’s economic upgrade and transformation in the years to come. The GBA development plan may also likely generate long-term investment opportunities for equity investors.

Implications

1) Infrastructure/ Property: As with most other regional development plans, infrastructure and real estate tend to attractive the early investment. Beyond transportation, infrastructure in areas such as finance and telecoms will also need to be upgraded to facilitate increased connectivity, including mobile payments, cross-border financial products and shared communication networks;

2) Lifestyle Consumption: Affluent populations focus more on lifestyle consumption, such as Health Care, Communication, Culture, Leisure, Personal Care, Transportation, Housekeeping and Hotel Lodging;

3) R&D Manufacturing: Shenzhen is one of China’s top innovation centers, with 4.2% of GDP spent on R&D, much higher than China’s average of 2.1%. Shenzhen and HK’s opening-up culture may generate higher-than-average R&D output efficiency.

_{By Citi Global Wealth Investments | Mar 18, 2024}

Weekly FX Focus - DXY: Attention On The BoJ, Fed And SNB This Week

Markets see a busy week with 10 central bank meetings this week. Our Head of FX Strategy brings our focus to 3 central bank meetings that markets highly anticipate.

_{By Citi Global Wealth Investments | Mar 14, 2024}

Weekly FX Focus - JPY: Spotlight Shifts to Yen Ahead of BoJ Meeting

After decades of poor economic performance, Japan now sees wage growth, inflation, and avoided a technical recession. Are we finally seeing the light at the end of the tunnel for Japan? This week, our Global Head of FX Strategy analyzes the situation for the Yen and compare the differences in central bank policy between Japan and the US.

FX Economy Asia-Pacific

_{By Citi Global Wealth Investments | Mar 7, 2024}

Weekly FX Focus - NZDCHF: NZ Rates Higher For Longer, SNB Poised to Cut

The Reserve Bank of New Zealand made an unexpected decision to keep rates unchanged last week. Meanwhile, the Swiss National Bank is expected to cut rates. This week, we examine the circumstances of both economies and discover how NZD could benefit.

FX Economy Asia-Pacific

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MARKET SPECIFIC DISCLOSURES

Market Specific Disclosures

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Singapore: This communication is distributed in Singapore by Citibank Singapore Limited (“CSL”) to selected Citigold/Citigold Private Clients. CSL provides no independent research or analysis of the substance or in preparation of this communication. Please contact your Citigold/Citigold Private Client Relationship Manager in CSL if you have any queries on or any matters arising from or in connection with this communication. Investment products are not insured under
the provisions of the Deposit Insurance and Policy Owners’ Protection Schemes Act of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme.

This communication is for general information only and should not be relied upon as financial advice. The information herein has no regard to the specific objectives, financial situation and particular needs of any specific person and is not intended to be an exhaustive discussion of the strategies or concepts mentioned herein or tax or legal advice. Any person interested in the strategies or concepts mentioned herein should consult their independent tax, legal, financial or other advisors,
as appropriate. This communication does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom
it is unlawful to distribute such information or make any offer or solicitation.

Before making any investment, each investor must obtain the investment offering materials, which include a description of the risks, fees and expenses and the performance history, if any, which may be considered in connection with making
an investment decision. Interested investors should seek the advice of their financial adviser about the issues discussed herein as appropriate. Should investors choose not to seek such advice, they should carefully consider the risks associated
with the investment and make a determination based upon the investor’s own particular circumstances, that the investment is consistent with the investor’s investment objectives and assess whether the investment product is suitable for
themselves. Although information in this document has been obtained from sources believed to be reliable, CSL does not guarantee its accuracy or completeness and accept no liability for any direct or consequential losses arising from Its use.

CSL does not provide discretionary portfolio management services.

UAE: This document is distributed in UAE by Citibank, N.A. UAE. Citibank N.A. UAE is licensed by UAE Securities and Commodities Authority (“SCA”) to undertake the financial activity as Promoter under license number 602003.

Citibank N.A. UAE is registered with Central Bank of UAE under license numbers BSD/504/83 for Al Wasl Branch Dubai, 13/184/2019 for Mall of the Emirates Branch Dubai, BSD/2819/9 for Sharjah Branch, and BSD/692/83 for Abu Dhabi Branch.

This is not an official statement of Citigroup Inc. and may not reflect all of your investments with or made through Citibank. For an accurate record of your accounts and transactions, please consult your official statement. Before making any investment, each investor must obtain the investment offering materials, which include a description of the risks, fees and expenses and the performance history, if any, which may be considered in connection with making an investment decision. Each investor should carefully consider the risks associated with the investment and make a determination based upon the investor’s own particular circumstances, that the investment is consistent with the investor’s investment objectives.
At any time, Citigroup companies may compensate affiliates and their representatives for providing products and services to clients.

United Kingdom: This document is distributed in the U.K. by Citibank UK Limited and in Jersey by Citibank N.A., Jersey Branch.

Citibank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our firm’s Financial Services Register number is 805574. Citibank UK Limited
is a company limited by shares registered in England and Wales with registered address at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, Companies House Registration No. 11283101.

Citibank N.A., Jersey Branch is regulated by the Jersey Financial Services Commission. Citi International Personal Bank is registered in Jersey as a business name of Citibank N.A. The address of Citibank N.A., Jersey Branch is P.O. Box 104, 38 Esplanade, St Helier, Jersey JE4 8QB. Citibank N.A. is incorporated with limited liability in the USA. Head office: 399 Park Avenue, New York, NY 10043, USA.

DISCLAIMER [+]

Market Outlook

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Asia-Pacific

Implications of China's Greater Bay Area (GBA) Development

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