The following is issued on behalf of the Greater Pearl River Delta Business Council:
The Greater Pearl River Delta Business Council (GPRDBC) released today (March 7) a study report entitled "Tapping the Domestic Market of the Pearl River Delta Region by Leveraging the Strengths of Hong Kong".
In view of the sluggish growth of traditional export markets, the GPRDBC sees it opportune for Hong Kong enterprises to tap into the booming domestic market of the Mainland by leveraging their strengths in developing overseas markets, supply chain management, brand promotion and management, wholesale and retailing, and logistics services, etc. In collaboration with the Central Policy Unit of the Government of the Hong Kong Special Administrative Region, the GPRDBC set up an ad hoc group in July last year to look into the issue. Interviews were conducted with Hong Kong enterprises with business in manufacturing electronic products, domestic electrical appliances, watches, jewellery, clothing, food and drugs, and distributors and financial services providers. The Report puts forth a number of practical suggestions for the reference of the trade, business associations, industry support organisations and the governments of Hong Kong and Guangdong. The Report also suggests adopting a new mindset in developing the domestic market of the Mainland by treating it as an entirely new industry, with a view to developing it into a new pillar of the Hong Kong economy.
The study report can be viewed on the following website: www.cmab.gov.hk/en/issues/council.htm.
Background of the GPRDBC
The GPRDBC was set up on March 1, 2004, under the Hong Kong/Guangdong Co-operation Joint Conference to advise the Chief Executive of the Hong Kong Special Administrative Region and to foster closer economic co-operation within the Greater Pearl River Delta region.
Ends/Thursday, March 7, 2013