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Managing your China business How Hong Kong + Cepa make it easier

Managing your China business How Hong Kong + Cepa make it easier. Alan Wong Deputy Executive Director Hong Kong Trade Development Council. The China appeal Hong Kong’s role Using Cepa to succeed How TDC can help. Managing your China business. GDP up 9% Exports up 35% Imports up 40%

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Managing your China business How Hong Kong + Cepa make it easier

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  1. Managing your China businessHow Hong Kong + Cepa make it easier Alan Wong Deputy Executive Director Hong Kong Trade Development Council

  2. The China appeal Hong Kong’s role Using Cepa to succeed How TDC can help Managing your China business

  3. GDP up 9% Exports up 35% Imports up 40% FDI up 40% The China appeal! • Huge, diverse country • Unfamiliar regulations • Need for customisation • Risk issues for SMEs

  4. Hong Kong’s role “Hong Kong is an ideal gateway for New Zealand companies to tap enormous business opportunities in the Chinese mainland market” Merv Stark, Senior Trade Commissioner, North Asia

  5. Hong Kong’s role Favourable business environment Financial / logistics centre China access / experience

  6. Hong Kong + Pearl River Delta “Fastest growing region of the fastest growing large economy”* *Professor Michael Enright, PhD (Harvard)

  7. Hong Kong + Pearl River Delta • Sourcing from China • Hong Kong = • 60,000+ companies • Finance + logistics • International experience • PRD = • Low, stable labour costs • World class factories • Top manufacturing and export region

  8. Pearl River Delta – Yangtze River Delta Economic and export strength Source: Statistical Yearbook of Guangdong and Shanghai, 2003

  9. Hong Kong + Pearl River Delta • Selling to China: • Hong Kong = • International experience • Finance/logistics/IPR • Trend-setting image • PRD = • China’s wealthiest region • Growing consumer base • Nationwide distribution

  10. Pearl River Delta – Yangtze River Delta Buying power! Source: Statistical Yearbook of Guangdong and Shanghai, 2002

  11. Free trade deal Preferential access to China Covers goods and services Better than WTO! Any nationality eligible Using Cepa to succeed

  12. What benefits? Duty-free exports to China Covers 90% of HK exports Using Cepa to succeed Implications for manufacturers Who is eligible? • Products “Made in Hong Kong” • No need for office in Hong Kong

  13. What benefits? Earlier access Lower entry criteria Wholly-owned operations Using Cepa to succeed Implications for service companies Who qualifies? • Incorporated in Hong Kong • In business for 3-5 years • Liable for profits tax • 50% local staff

  14. How HKTDC can help • Business matching • Trade Fairs • Market intelligence

  15. How TDC can helpBusiness matching

  16. How TDC can helpTrade fairs • “Best trade fairs in Asia” • 18 international fairs • Popular with Chinese buyers/exhibitors • 30,000 exhibitors; 350,000 buyers

  17. How TDC can helpMarket intelligence

  18. Contact us! Sydney Office Level 3, Hong Kong House, 80 Druitt Street Tel: +61-2-92618911 Fax: +61-2-92618966 Sydney.office@tdc.org.hk

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