hong kong consulate
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Hong Kong:Helping Manage Opportunities and
Challenges in China
Bridget Lee, Director, Chicago
McHenry, ILLINOIS
December 7, 2012
All eyes are still on China! Here’s why:Annual GDP growth at 10.5% over 10 years
Annual trade growth at 21.1% over 10 years
Massive annual FDI: US$105 billion (2010)
World’s 2nd largest economy
The China Opportunity
No longer “just” a production base:Growing middle class – 300 million
Projected urban population – 350 million more by 2025
Domestic consumption on the rise (18.4% growth in 2010) *According to a March 2009 report by McKinsey Global Institute
The China Opportunity
Growing consumer market
More than 900 million mobile phone users
More than 457 million internet users
Growing demand for imported wine –average of 63% p.a. (2006 to 2010)
Largest car market in the world
One of the world’s largest luxury goods markets
100 million Chinese tourists expected by 2020
Growing rural consumer market
The China Opportunity
Industry moving up the value chain Upgrading industrial processes8.4 million Mainland Private Enterprises (end of 2010)
Growing demand for business services and technologies
R&D expenditure increased by average of 22.8% per year from 2003 to 2010
The China Opportunity
• Focus on technology in China’s 11th Five Year Programme
• Hong Kong: a natural hub for technology flows to and from Chinese mainland
• Hong Kong: a technology trade centre with the right location, right economy, and right people
Hong Kong AdvantagesTechnology Marketplace
Hong Kong AdvantagesTechnology Marketplace
LocationSituated next to Pearl River Delta, where 30% of China’s high-tech production takes place
EconomyCommercially sophisticated technology platform with excellent project financing and fundraising options
PeopleWell-educated talent pool dedicated to the pursuit of innovation and technology
Hong Kong AdvantagesCEPA
One country, two systems
“Closer Economic Partnership Arrangement” (CEPA)
Acts as a free trade agreement with the mainland
WTO-plus market access for service providers
Tariff-free access to the mainland for products
Overseas companies can easily benefit!
Hong Kong AdvantagesTechnology Marketplace
Hong Kong industries’ technology strengths:• Innovation• Commercialisation• Application• Industrial engineering
Hong Kong AdvantagesTechnology Marketplace
HK companies are engaged in different kinds of technology transfer:• Sharing of proprietary know-how for system integration
and software development• Engineering services• Providing consultancy
Hong Kong AdvantagesTechnology Marketplace
• Fast Facts:• HK’s total high tech exports exceed
US$130 billion per year (2007)• 4,600+ HK companies undertaking R&D
activities• 16,000 companies engaged in innovation
activities
Hong Kong AdvantagesTechnology Marketplace
The China factor
• Growing demand for advanced technologies in manufacturing and management
• Seeking advanced technology to meet new environmental standards
• Chinese technology companies eager to explore international markets
• Hong Kong – a partner for foreign technology companies
Hong Kong AdvantagesTechnology Marketplace
• Main driver of technology transfer in PRD• The most advanced technology comes from foreign
companies using Hong Kong as a base• Hong Kong Shenzhen Technology Alliance
HK
PRD
Hong Kong Advantages:Technology Marketplace
• Sourcing and selling high-tech products
• Hong Kong offers:• International experience in technology trade• Experience in selling to Chinese mainland markets• Strong IP protection• Funding and finance options• Preferential treatment on goods under CEPA
Pacific Bridge InitiativeUS-Hong Kong Business Partnership Program
• Hong Kong: • www.hktdc.com/pacificbridge• Find Opportunities in China & Asia• HKTDC Integrated Marketing Platform• Find the Right Partner via HKTDC Business
Matching• ITA Certified HKTDC Tradeshows
• U.S. Partners: • USDOC – USEAC/ Commercial Service • State Agencies - STEP Grant Funding • USDA ATO FAS Hong Kong• USDOC CS Hong Kong• Trade Associations
Creating opportunities in international trade
Hong Kong TradeDevelopment Council
Providing Information
MatchingBusinessPartners
Connecting Customers
HKTDC
Providing Information11 offices in Chinese mainland, more than 40 worldwide
Beijing
Hong KongHong Kong
Frankfurt
Tokyo New York
Bangkok
Dubai
HKTDC
Providing Information
Research publications
Analysis on topical issues and specific industries
Excellent sources for developing business models
HKTDC
Providing Information
Subscribe for free at www.hktdc.com
Matching Business Partners
Connect with 120,000+ quality suppliers
Nearly 1 million registered buyers
www.hktdc.com
Product Magazines:
15 titles from a variety of industries
Worldwide readership of 5 million annually
HKTDC
Matching Business PartnersHKTDC Business MatchingA customized service tailored to your business needs
HKTDC
HKTDC
30+ International Trade Fairs
Connecting Buyers and Sellers through:
Ten of the largest fairs in Asia
Three of the largest fairs in the world
Bridget Lee, Director
Tel:1 (312) 726 4515
Email: bridget.lee@hktdc.org
Chicago Office
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