The hottest research believes that CEPA will help

2022-08-15
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The study believes that CEPA helps extend Hong Kong's service industry to the Yangtze River Delta

the study believes that CEPA helps extend Hong Kong's service industry to the Yangtze River Delta

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Guide: March 22 (Xinhua) -- at present, it is widely used in petroleum, chemical industry, water supply and drainage and other fields. Lin Zhiwen reports: the research report published by the Hong Kong Trade Development Council today points out that, The development of the Yangtze River Delta and the Pearl River Delta, two important economic development cities in mainland China, is not a zero sum game. As production bases, the two places have different advantages. Liang Haiguo, chief economist of TDC, pointed out that in view of the long

on March 22, Lin Zhiwen reported: if the Hong Kong Trade Development Council does not pay enough attention to and invest in technology research and development, the research report published today pointed out that the development of the two major economic development cities in mainland China - the Yangtze River Delta and the Pearl River Delta is not a zero sum game, and the two places have different advantages as production bases. Liang Haiguo, chief economist of the TDC, pointed out that in view of the different market demands of the Yangtze River Delta and the Pearl River Delta, Hong Kong companies need to set up sites in more than one place and adopt different business strategies in order to cover the two regional markets

the research report shows that the Yangtze River Delta is developing rapidly, which makes people worry about fierce competition with the Pearl River Delta. However, the development of the Yangtze River Delta and the Pearl River Delta is not a zero sum game, and the gains of the Yangtze River Delta are not the losses of the Pearl River Delta. In fact, with the development of the Yangtze River Delta, the Chinese mainland market will further expand, bringing more business opportunities to foreign manufacturers and service providers. The report points out that although the industrial structures of the two places overlap to a certain extent, the focus is different. The Pearl River Delta specializes in consumer goods, while the Yangtze River Delta is dominant in the production of raw materials and midstream products. For foreign investors, the two places have different advantages as production bases. Investors can use these advantages to expand production capacity horizontally or vertically and establish a competitive production and supply chain

the report points out that it seems that there are no mobile phone products with ceramics as the body material. Guangdong is building or planning to build six expressways connecting with eight neighboring provinces and regions, and actively build the Pan Pearl River Delta region. Liang Haiguo said that with the development of the Pan Pearl River Delta region, the argument that the hinterland of the Pearl River Delta is longer and the hinterland of the triangle is smaller is no longer tenable. Both hinterlands are huge markets for industrial products and consumer goods, with great potential for development in the future

The report points out that many Hong Kong and foreign enterprises in the Pearl River Delta place the Yangtze River Delta in an important position in the national market promotion plan. In fact, many mainland companies that have sprung up in the Pearl River Delta and have a stable position in the local market are interested in expanding in the Yangtze River Delta. According to the research report, Hong Kong is adjacent to the Pearl River Delta and has naturally become a local service hub. With the continuous development of the Yangtze River Delta and the continuous expansion of Hong Kong businesses, Hong Kong can also play the role of a "knowledge hub", using its professional knowledge and expertise to serve the Yangtze River Delta in different ways. CEPA lowered the threshold for Hong Kong companies to enter the mainland market, helped extend Hong Kong's service industry to the Yangtze River Delta, and also encouraged triangle companies to use Hong Kong as a financial center and international business platform

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