HK Economy - Highlight
8 Dec 2016
Many Dongguan enterprises are not familiar with the Belt and Road markets, and therefore they wish to make use of the professional services in Hong Kong to solve practical problems for their investment projects. Moreover, the Hong Kong platform would enable them to raise funds for their offshore dealings, alleviate the pressure exerted upon their cash flow, and control the credit risks related to Belt and Road trading.
Chinese Enterprises Capturing Belt and Road Opportunities via Hong Kong: Findings of Surveys in South China
While China continues to promote the Belt and Road initiative, Hong Kong has been regarded as the major service platform outside the mainland for tapping such opportunities. According to HKTDC surveys, mainland enterprises intended to sell more to Belt and Road, especially the Southeast Asian market, while some expressed an interest in going to Belt and Road countries to set up production facilities or to source various products and materials.
The lighting industry appears to be optimistic about their trade prospects for 2017. The markets it regards as having the greatest potential for next year are North America and Western Europe, followed by the Chinese mainland. The product category regarded as offering the highest growth potential next year is LED/green lighting. Smart lighting systems, meanwhile, continue to be viewed as the focus of the industry's future development.