FOOD & BEVERAGES

22 February 2021

Fine single-malt Scotch whisky casks have been the highest-performing alternative asset of the 21st century, according to the 2020 Knight Frank Luxury Investment Index, which found the return on investment (ROI) from whisky grew 586% in the past decade. More

hktdc research

Downstream Products Included in XUAR Import Detention Order

17 February 2021

Downstream products made outside mainland China’s Xinjiang Uyghur Autonomous Region that incorporate cotton and tomato products produced in the XUAR may be detained upon entry into the U.S. under a withhold release order issued against the latter goods, according to information from U.S. Customs and Border Protection. More

hktdc research

Traditional Tangerine Peel Brand Xinbaotang Looks to Seed its Global Ambitions in the GBA

17 February 2021

The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area pledges support for Hong Kong to capitalise on its position as an international shipping centre to boost tourism and draw more overseas visitors to the GBA. Jeff Kwan, Executive Director of Guangdong Xinbaotang Biological Technology Co Ltd, says his company is looking to take its well-established brand to the global market by working with chambers of commerce and hotels. More

hktdc research

Navigating Covid-19: A Sustainable Living Proponent

16 February 2021

The Covid-19 pandemic has highlighted vulnerabilities in the global food supply chain, in turn drawing attention to unsustainable practices in meat production. David Yeung, CEO of Hong Kong-based Green Monday, shares his vision of a healthier, more sustainable food chain in the post-pandemic world, through the company’s innovative plant-based proteins and other initiatives. More

hktdc research

Smart City Facilitators: Robotising the Food and Beverages Sector

16 February 2021

For better or worse, robots are becoming entrenched in retail’s day-to-day operations and taking on greater roles. In Hong Kong, a tea shop is also addressing the manpower challenges facing the food and beverages (F&B) industry by employing an automated alternative: robotic arms that can prepare fruit tea in just 20 seconds. More

life & style

Entrepreneur discovers new jam

11 February 2021

Hong Kong entrepreneur Kerry Tsang did not want to feed her children regular jam packed with sugar and preservatives. More

hktdc research

New Certification Rules for Food Safety Management Systems Take Effect

10 February 2021

The Certification and Accreditation Administration of China issued the new edition of implementation rules for the certification of food safety management systems on 8 January (Announcement No. 2 [2021]), but certification bodies may conduct certification in accordance with the old or new edition of the rules during the period between 8 January and 1 July 2021. More

market spotlight

Vegan meat race is on

09 February 2021

Rapid adoption of plant-based meat alternatives in Hong Kong has led one of the United States’ fastest-growing brands to stock its flagship product in supermarkets. More

hktdc research

Guangdong Extends Pilot Programme of Input VAT on Agricultural Products

08 February 2021

The Guangdong Provincial Tax Service of the State Taxation Administration and the Department of Finance of Guangdong Province recently announced in a joint circular (No. 5 [2020]) that extends to the soy sauce and fermented black bean manufacturing industries a pilot programme relating to assessment and deduction of input value-added tax (VAT) on agricultural products. More

hktdc research

Filing Required for Imported Cold-Chain Food Transportation Enterprises in Guangzhou

08 February 2021

On 7 January, the Guangzhou Municipal Transportation Bureau issued a circular (Sui Jiao Yun Han No. 5 [2021]) on matters relating to the declaration and registration. More

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