12 June 2009
Trade Agreements Signed with Hubei and Wuhan
Hong Kong, Hubei Companies Ink Deals Worth HK$300 Million
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The "Framework Agreement in Intensifying Trade Cooperation between Hubei and Hong Kong" was being signed by Zhou Xianwang, Director of the Hubei Provincial Department of Commerce, and Jacky Chung, Regional Director, Eastern and Central China, HKTDC |
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The "Framework Agreement in Intensifying Trade Cooperation between Wuhan and Hong Kong" was being signed by Yue Yong, Vice Mayor of Wuhan Municipality, and Jacky Chung, Regional Director, Eastern and Central China, HKTDC. |
12 June 2009 – Trade cooperation agreements signed yesterday between the Hong Kong Trade Development Council (HKTDC) and the governments of Hubei Province and Wuhan Municipality will make it easier for Hong Kong companies to do business in Hubei and its provincial capital Wuhan. The agreements will also help Hubei enterprises break into Hong Kong and overseas markets using the Hong Kong platform.
At the signing ceremony in Hong Kong, HKTDC Assistant Executive Director Raymond Yip said that, through these trade agreements, Hong Kong will enjoy closer cooperation in a number of areas with Hubei and Wuhan, smoothing the way for Hong Kong products to enter the mainland province.
"Hong Kong products hold considerable attraction for mainland consumers," Mr Yip said. "The Style Hong Kong Show in Wuhan, held just last month, attracted more than 300,000 visitors over the five-day exhibition period, and many Hong Kong products were sold out."
At the Wuhan show, business meetings were held between Hong Kong companies and the Hubei retailing sector. Thirty Hong Kong brands will soon be available in Wuhan and its adjacent cities as a result of the meetings.
A reciprocal business mission from Hubei yesterday signed contracts worth HK$300 million with Hong Kong companies. The mission is led by Hubei Governor Li Hongzhong. Hong Kong companies involved are, for the most part, exhibitors from last month's Style Hong Kong Show in Wuhan. They include the Chow Tai Fook Jewellery Group; Chow Sang Sang (China) Commercial Co, Ltd; the Lukfook Group; Four Seas Mercantile Holdings Ltd; Smart Year Ltd; Hong Kong Cheer Confectionery Co, Ltd; Triple Noodle & Food Co, Ltd; and Zhen Qiao Foodstuff Co, Ltd.
The mainland buying mission includes representatives of major shopping centres and department stores from Hubei, including the Zhongbai Group, Zhongshang Group, Wushang Group and Hanshang Group from Wuhan; the Xinshiji Group from Suizhou City; and enterprises from the cities of Huanggang, Shiyan, Xiantao, Xiangfan, Huangshi and Jingmen.
Hong Kong-Hubei Contract Details
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Buyers |
Suppliers |
Contract Amount (Rmb) |
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Wushang Group, Wuhan |
Chow Tai Fook Jewellery, Hong Kong |
200,000,000 |
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Wushang Group, Wuhan |
Chow Sang Sang (China) Commercial Co, Ltd |
20,000,000 |
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Zhongbai Chain Store Supermarket Co, Ltd, Wuhan |
Four Seas Mercantile Holdings Ltd, Hong Kong |
12,000,000 |
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Zhongbai Chain Store Supermarket Co, Ltd, Wuhan |
Smart Year Ltd, Hong Kong |
10,000,000 |
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Zhongshang Group Co, Ltd, Wuhan |
Lukfook Jewellery Co, Ltd, Hong Kong |
10,000,000 |
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Zhongshang Bargain Chain Co, Ltd, Wuhan |
Hong Kong Cheer Confectionery Co, Ltd, Hong Kong |
3,000,000 |
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Zhongshang Group Co, Ltd, Wuhan |
Triple Noodle & Food Co, Ltd, Hong Kong |
3,000,000 |
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Fudi Industrial Co, Ltd, Xiantao |
Zhen Qiao Foodstuff Co, Ltd, Hong Kong |
8,000,000 |
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Total |
Rmb266,000,000 |
Media Enquiries
Please contact the HKTDC's Corporate Communication Department:
Victor George Paddy
Tel: (852) 2584 4517
Email: victor.paddy@hktdc.org
About the HKTDC
Established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 in the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, www.hktdc.com
