MAINLAND CHINA

According to Li Bing and Claire Sun – Head of Asia Pacific and Head of the Greater Bay Area, respectively, at Bloomberg – overseas asset management and financial institutions see Hong Kong as their first port of call when setting up offshore subsidiaries, because it allows for the free flow of capital and information, and because it has a rules-based regulatory system that is highly aligned with international standards. More

Many Hong Kong entrepreneurs have been attracted to Guangdong because of its advanced industry chain and export production base, complemented by Hong Kong’s wide-ranging professional services and market resources. They have started businesses in the mainland cities of the Greater Bay Area, utilising local resources to develop their export as well as domestic sales business, despite the prevailing Covid-19 pandemic. More

Total sales of health food in China grew 18.5% on the year to about RMB222.7 billion in 2019, and are expected to reach RMB330.7 billion in 2021. As total sales of health food continue to grow, the market outlook should remain rosy. More

An extension for up to 12 months of specific exclusions from the Section 301 additional tariff on List 1 goods from mainland China is under consideration by the Office of the U.S. Trade Representative. Comments on these potential extensions may be submitted during 1-30 August. More