Compliance with the “Just-in-Time” Operation of the Automotive Industry: A YRD "Going Out" Case Study (6)
Chinese mainland auto parts manufacturers have been following their clients to set up production facilities in countries closer to their clients’ target markets. They are using Hong Kong’s professional services to manage their overseas operations in order to meet the stringent requirements of the automotive industry’s "just-in-time" manufacturing practices, while further expanding their penetration into the oversea markets.
Hong Kong’s licensing business environment, including its excellent IPR protection, along with the expertise and quality of its licensing companies, and cordial business relations with the Chinese mainland, Southeast Asia and global licensors, have long seen the city established as a licensing hub in Asia. At the same time, it also provides ample business opportunities for overseas licensing firms to access the vibrant Asian market.
Hong Kong exports a wide range of IT equipment, with computer parts and accessories being the largest export item. According to the latest available statistics, Hong Kong was the world’s second largest exporter of computer parts and accessories in value terms in 2012.