peter woo chairman hong kong trade development council
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A Tale of Three Cities – The Hong Kong Plus PRD Powerhouse. Peter Woo Chairman Hong Kong Trade Development Council. GDP will reach US$2,340 billion by 2010 19% of population classified as middle-class = 250 million people Will increase to 25% by 2010 Spent US$2 billion on luxury - PowerPoint PPT PresentationTRANSCRIPT
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Peter WooChairmanHong Kong Trade Development Council
A Tale of Three Cities –
The Hong Kong Plus PRD Powerhouse
A Tale of Three Cities –
The Hong Kong Plus PRD Powerhouse
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The China Appeal GDP will reach US$2,340 billion by 2010 19% of population classified as
middle-class = 250 million people Will increase to 25% by 2010 Spent US$2 billion on luxury
items in 2004 Projected to consume 29%
of the world’s luxury items by 2015
GDP will reach US$2,340 billion by 2010 19% of population classified as
middle-class = 250 million people Will increase to 25% by 2010 Spent US$2 billion on luxury
items in 2004 Projected to consume 29%
of the world’s luxury items by 2015
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Diverse Markets
Beijing and Bohai Area
Shanghai and Yangtze
River Delta
Greater Pearl River Delta
Beijing and Bohai Area
Shanghai and Yangtze
River Delta
Greater Pearl River Delta
BEIJING
SHANGHAI
HONG KONG
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Greater Pearl River Delta
Small region
Massive impact
Small region
Massive impact
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Greater Pearl River Delta
• Nine municipalities
• 0.4% of China's land mass
• Population of 45 million
• Concentration of manufacturing
• 34% of China’s exports
• Rich consumer markets
• 33% of China’s imports
• Nine municipalities
• 0.4% of China's land mass
• Population of 45 million
• Concentration of manufacturing
• 34% of China’s exports
• Rich consumer markets
• 33% of China’s imports
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A Tale of Three Cities
Hong Kong
+ Shenzhen
+ Dongguan
= The HK plus PRD Powerhouse
= The best entry point to China's markets
Hong Kong
+ Shenzhen
+ Dongguan
= The HK plus PRD Powerhouse
= The best entry point to China's markets
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Shenzhen
New "Silicon Valley“ for IT and R&D
50% of industrial output from high tech
20% of China's high tech exports
24,000 Hong Kong-backed ventures
Shenzhen
New "Silicon Valley“ for IT and R&D
50% of industrial output from high tech
20% of China's high tech exports
24,000 Hong Kong-backed ventures
A Tale of Three Cities
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Dongguan
20,000 HK owned factories
Variety of manufacturing clusters
Competitive production, good quality
Steady source of efficient labour
Dongguan
20,000 HK owned factories
Variety of manufacturing clusters
Competitive production, good quality
Steady source of efficient labour
A Tale of Three Cities
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PRD Powerhouse -Average real GDP growth 2000 - 2004
PRD Powerhouse -Average real GDP growth 2000 - 2004
A Tale of Three Cities
Shanghai 11.5% Shanghai 11.5%
Shenzhen 15.8%
Dongguang 18.7%
Shenzhen 15.8%
Dongguang 18.7%
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PRD Powerhouse -GDP per capita 2004 (US$) PRD Powerhouse -GDP per capita 2004 (US$)
A Tale of Three Cities
Shanghai 6,682Shanghai 6,682
Shenzhen 7,160
Dongguang 8,698
Shenzhen 7,160
Dongguang 8,698
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PRD Powerhouse -Export Strength (US$ billion 2004)
PRD Powerhouse -Export Strength (US$ billion 2004)
A Tale of Three Cities
Shanghai 73.5Shanghai 73.5
Shenzhen 77.8
Dongguang 35.2
Shenzhen 77.8
Dongguang 35.2
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PRD Powerhouse -High-tech Exports (% of China’s exports 2004)
PRD Powerhouse -High-tech Exports (% of China’s exports 2004)
A Tale of Three Cities
Shanghai 17.5Shanghai 17.5
Guangdong Province 40.1
Shenzhen 21.2
Guangdong Province 40.1
Shenzhen 21.2
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A Tale of Three Cities
PopulationPopulation(Million)(Million)
GDPGDP(US$ (US$
billion)billion)
ExportsExports(US$ (US$
billion)billion)
TEUsTEUs(Million)(Million)
Hong KongHong Kong 77 166166 259259 2222
ShenzhenShenzhen 77 4040 7878 1414
DongguanDongguan 77 1414 3535 - -
TOTALTOTAL 2121 220220 372372 3636
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Hong Kong Advantages
Unrivalled platform for China business
International centre for: Finance Trade and business services Transportation and logistics
Ideal base for regional headquarters to manage
operations (3,800 RHQs + ROs)
Unrivalled platform for China business
International centre for: Finance Trade and business services Transportation and logistics
Ideal base for regional headquarters to manage
operations (3,800 RHQs + ROs)
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Made in China -
by Hong Kong
Designed, financed, marketed,
and distributed by Hong Kong
Made in China -
by Hong Kong
Designed, financed, marketed,
and distributed by Hong Kong
Hong Kong Advantages
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At the heart of Asia Three-hour flight
to key mainland cities HK airport connects
with 150 world cities
+ 45 cities in mainland
At the heart of Asia Three-hour flight
to key mainland cities HK airport connects
with 150 world cities
+ 45 cities in mainland
1 hour1 hour
3 hours3 hours
5 hours5 hours
Hong Kong Advantages
Location, location, locationLocation, location, location
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Hong Kong's China business advantage:
Knowledge of China and experience Market access and connection Risk management
Hong Kong's China business advantage:
Knowledge of China and experience Market access and connection Risk management
Hong Kong Advantages
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Ease of doing business
World's freest economy Strong legal system Level playing field Familiar business environment Strong UK business community (115 UK Regional HQs)
Ease of doing business
World's freest economy Strong legal system Level playing field Familiar business environment Strong UK business community (115 UK Regional HQs)
Hong Kong Advantages
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HK - Getting ever stronger
Key developments: Strong economic growth RMB business Improved infrastructure connection with mainland More mainland tourists CEPA III
HK - Getting ever stronger
Key developments: Strong economic growth RMB business Improved infrastructure connection with mainland More mainland tourists CEPA III
Hong Kong Advantages
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CEPA - what is it?
Closer Economic Partnership Arrangement Free trade agreement with mainland Easier / faster access to China markets Zero tariff on HK-made goods Allows HK service providers to operate
CEPA - what is it?
Closer Economic Partnership Arrangement Free trade agreement with mainland Easier / faster access to China markets Zero tariff on HK-made goods Allows HK service providers to operate
CEPA
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CEPA: impact on service sector
First mover advantage
Covers 26 service areas Lowering of entry requirements
CEPA: impact on service sector
First mover advantage
Covers 26 service areas Lowering of entry requirements
CEPA
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How foreign firms can take advantage
In goods Manufacture in Hong Kong
In services Partner with HK companies Invest in or buy a CEPA-qualified HK company
How foreign firms can take advantage
In goods Manufacture in Hong Kong
In services Partner with HK companies Invest in or buy a CEPA-qualified HK company
CEPA
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Encourages mainland enterprises to:
Connect with international markets Manage and finance business deals Raise capital - US$100 billion already
Hong Kong is the natural platform !
Encourages mainland enterprises to:
Connect with international markets Manage and finance business deals Raise capital - US$100 billion already
Hong Kong is the natural platform !
China's "going out" policy
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The rise of mainland private enterprises:
4 million private enterprises
Majority are SMEs
Half of them want to "go out"
The rise of mainland private enterprises:
4 million private enterprises
Majority are SMEs
Half of them want to "go out"
China’s MPEs
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China opportunity
Don't miss it!
Hong Kong plus the PRD is your entry point
Don't miss it!
Hong Kong plus the PRD is your entry point
Hong KongHong KongPRDPRD
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HK Trade Development Council
How can we help you:
1) Providing information
By market and sector Face-to-face London + 11 China offices Online - tdctrade.com
How can we help you:
1) Providing information
By market and sector Face-to-face London + 11 China offices Online - tdctrade.com
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HK Trade Development Council
How can we help you:
2) Matching business partners
Face-to-face - London office Online – sourcing.tdctrade.com
How can we help you:
2) Matching business partners
Face-to-face - London office Online – sourcing.tdctrade.com
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HK Trade Development Council
How can we help you:
3) Connecting clients
Sourcing and selling at trade fairs 28 leading trade fairs in Hong Kong Online – “virtual trade fairs” at tdctrade.com
How can we help you:
3) Connecting clients
Sourcing and selling at trade fairs 28 leading trade fairs in Hong Kong Online – “virtual trade fairs” at tdctrade.com
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Contact us!
London Office
Tel 44-(20)-7616-9500 Fax 44-(20)-7616-9510
Email: [email protected]
Contact us!
London Office
Tel 44-(20)-7616-9500 Fax 44-(20)-7616-9510
Email: [email protected]