The Hong Kong Trade Development Council (HKTDC) set up the Hong Kong Fashion Pavilion at the third China International Consumer Goods Fair (Consumer Expo) and led 22 Hong Kong companies to the exhibition, promoting more than 50 high-quality brands of mid-to-high-end consumer goods, and expanding the huge domestic market.
As the Belt and Road Initiative reaches its 10th anniversary the international intermodal railway – the China-Laos Express connecting Chengdu, Chongqing and Vientiane, the capital of Laos – has gone into operation, greatly improving the flow of people and logistics between Mainland China and Association of Southeast Nations (ASEAN) members, and has also led more and more mainland companies to choose to expand their business to Southeast Asia.
Mainland China presents massive domestic sales opportunities. The Hong Kong Trade Development Council (HKTDC) led Hong Kong companies to participate in the China International Import Expo (CIIE) in Shanghai last year and helped Hong Kong companies find partners to introduce organic and healthy foods from countries along the Belt and Road to the mainland market.
Links between China and the Arabian Peninsula date back centuries – the Aladdin legend reputedly originated in China and marine trade with and through Arabia long predated links with Europe – so it is no surprise that Hong Kong reached out to Saudi Arabia and the United Arab Emirates after travel restrictions ended.
Sweet, bright red cherries are a feast for the eyes and palate during Chinese New Year festivities. But the fruiting time – early to mid-summer – is too late for sourcing from Asian or European orchards.
The fifth China International Import Expo (CIIE), hosted by the Ministry of Commerce and the Shanghai Municipal People’s Government, ran at the Shanghai National Convention and Exhibition Center from 5 to 10 November, with a significant Hong Kong presence.
With projects such as the Zero-carbon Building in Kowloon Bay (main picture), Hong Kong is rapidly taking a more sustainable route – and Mainland China provides much of the hardware for the renewable energy revolution.
The COVID‑19 pandemic resulted in huge disruptions to the global supply chain, leading many businesses – including small and medium-sized enterprises (SMEs), the backbone of the world economy – to recalibrate their strategies and shift to a more sustainable approach.
Summertime this year came with celebrations to mark the 25th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), as well as the city’s continued recovery following the fifth wave of the COVID-19 epidemic.
This story is a part of the Hong Kong Means Business “Powered by HSBC – Bridging the GBA” series.
China’s Dual Circulation Strategy, laid down in the 14th Five-Year Plan, aims to develop offshore trade and investment in parallel with the country’s domestic economy. The strategy presents a golden opportunity for Hong Kong, which has long served as one of China’s gateways to the world. At the same time, the city serves as a perfect platform for mainland investment firms, giving easy access to both the mainland and the world at large.
As pivot points between Mainland China and the rest of the world, Hong Kong and the broader Guangdong-Hong Kong-Macao Greater Bay Area both have key roles to play in the Belt and Road Initiative. As COVID-19 restrictions ease and physical gatherings are made easier, government and business leaders from around the world will converge on Hong Kong for the Belt and Road Summit at the end of this month.