Logistics

Hong Kong's logistics sector has deepened its industry connections and partnerships in Kazakhstan – Hong Kong's second-largest trading and export partner in Central Asia – following a successful trade visit organised by the Hong Kong Trade Development Council (HKTDC).

As e-commerce matures, many transport-focused logistics companies find freight-management a pain point, given the large number of clients.

Earlier this year, the HKTDC and Zhaoqing Municipal Commerce Bureau signed an MoU to establish the Zhaoqing GoGBA Hong Kong business support centre to provide more local support to Hong Kong businesses interested in developing in Zhaoqing.

In June, a globe-spanning delegation, led by HKTDC Executive Director Margaret Fong, met with Zhejiang government and business leaders in Hangzhou to strengthen bilateral cooperation and highlight Hong Kong’s strengths and advantages as a business platform.

A surge in exports over the first five months of this year has boosted Hong Kong traders’ confidence and led the Hong Kong Trade Development Council (HKTDC) to substantially raise the city’s 2024 export outlook.

The development plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone announced by China’s National Development and Reform Commission at the end of last year aims to accelerate Hong Kong-Shenzhen cooperation and foster the development of diverse industries, including finance, professional services and legal affairs, to facilitate a wide array of new business opportunities.