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Page 1: Hong Kong consulate

Hong Kong:Helping Manage Opportunities and

Challenges in China

Bridget Lee, Director, Chicago

McHenry, ILLINOIS

December 7, 2012

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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

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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

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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

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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

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• 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

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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

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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!

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Hong Kong AdvantagesTechnology Marketplace

Hong Kong industries’ technology strengths:• Innovation• Commercialisation• Application• Industrial engineering

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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

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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

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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

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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

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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

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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

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Creating opportunities in international trade

Hong Kong TradeDevelopment Council

Providing Information

MatchingBusinessPartners

Connecting Customers

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HKTDC

Providing Information11 offices in Chinese mainland, more than 40 worldwide

Beijing

Hong KongHong Kong

Frankfurt

Tokyo New York

Bangkok

Dubai

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HKTDC

Providing Information

Research publications

Analysis on topical issues and specific industries

Excellent sources for developing business models

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HKTDC

Providing Information

Subscribe for free at www.hktdc.com

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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

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Matching Business PartnersHKTDC Business MatchingA customized service tailored to your business needs

HKTDC

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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

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Bridget Lee, Director

Tel:1 (312) 726 4515

Email: [email protected]

Chicago Office


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