A record high of more than 400 Hong Kong services are participating in the China International Import Expo in Shanghai wanting to utilize the occasion as a launchpad for entry into the mainland market.
Amongst the novice exhibitors is a Hong Kong accounting company, which has actually seen a 30-percent rise over the previous year in mainland customers looking for to broaden overseas.
Male Law, CEO of the company’s higher China department, informed RTHK that venturing abroad was no longer simply a pattern, however a useful need for handling dangers and driving development.
The exposition, he stated, is a perfect phase to highlight Hong Kong’s function as a springboard for worldwide development, especially through tax rewards.
“Suppose you have set up an office and hired staff in Hong Kong,” Law stated.
“When broadening into Southeast Asia or buying other foreign markets, you can make the most of the double tax avoidance arrangements signed in between Hong Kong and lots of nations.
“At their peak, tax savings could exceed 50 percent.”
Another newbie exhibitor is a craft brewery that is developing a thirst at the exposition for its acclaimed, Hong Kong-made beer.
The brewery’s marketing director stated the brand name intends to tap the mainland market, positive that its craft beers will be competitive as numerous mainland customers have a strong cravings for Hong Kong items.
The occasion has actually likewise drawn regional scholastic organizations, consisting of the Hong Kong Polytechnic University.
PolyU vice-president Zheng Zijian stated the university, which has actually developed 12 research study institutes on the mainland over the previous 3 years for incubation programs, has actually brought development jobs such as robotics and food innovation to the exposition.
The organization, he worried, has actually gained from the mainland’s detailed domestic commercial chain and robust assistance from city governments.
“Our practice over the previous couple of years is to take the course of deep combination with the mainland and add to combination with the nation’s skill, science and innovation, and education,” Zheng stated.
Modified by Aaron Tam
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