Find out which jobs to seize in the Greater Bay Area

KPMG has identified three major sectors that will create the most opportunities.

The Greater Bay Area (GBA) is attracting both employers and workers as it is seen to bring better job prospects as well as convenience in traveling amongst other factors.

In this year’s Hong Kong Executive Salary Outlook, KPMG found that the innovation and technology sector is expected to open the most job opportunities in the GBA.

A total of 63% of respondents predict the sector will flourish, in terms of creating job opportunities, 37% sees the same in the financial services sector, followed by professional and consulting services sector with 33%.

Other sectors are trade and logistics (29%), Healthcare and life sciences (26%), real estate (17%), infrastructure (14%) and hospitality food and beverage (9%).

KPMG conducted an online survey with 702 business executives between 4 and 18 January. Some 549 of respondents were working in Hong Kong, whilst 153 were in Mainland China.

“The GBA is expanding as a force in the technology sector,” the report read, noting that KPMG had earlier said Shenzhen should be amongst the top four tech hub at the global level in the next four years.

Gunagzhou, meanwhile, has proposed to establish a headquarters for technology powerhouses, like Alibaba and Xiaomi.

Sentiments in the innovation and technology sector in Hong Kong, however, is different as seen in the headcount outlook.

The overall outlook for the sector flattened with 28% (2020: 52%) of the respondents planning to increase headcount and 28% (2020: 17%) planning to decrease. This was linked to the tightening of investments for start-ups as well as the increasing focus on the sector in other cities.

“While participants in the sector in Hong Kong may have a more pessimistic outlook than a year ago (before the impact of COVID-19 was felt), the Hong Kong Government 2021/22 Budget reinforced the focus on and support of the Special Administrative Region (SAR) for the sector by allocating $9.5b to the Innovation and Technology Fund,” KPMG said.