HK$ m. 45,000. 40,000. 35,000. 30,000. 25,000. 20,000. 15,000. 10,000. 5,000. 0. 2000. 2001. 2002E. 2003E. PRC tourist spending in HK overtaking HK tourist spending in PRC in 2002 once “quota” was lifted. “In-filling” surplus. “Hollow-out” deficit. PRC tourist spending in HK.
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PRC tourist spending in HK overtaking HK tourist spending in PRC in 2002 once “quota” was lifted
PRC tourist spending in HK
HK tourist spending in PRC
Source: HK Govt
(1) Trade in Goods:
Import Tariffs; Rules of Origin
(2) Trade in Services:
Liberalization in market access in 17 sectors HK company definition; reduction in investment threshold
(3) Trade and Investment Facilitation:
transparency and simplification
30 Jun CEPA signed between HK and China
15 Jul Mainland work permit scheme (easing entry requirement for mainlanders)
28 Jul Individual Travel from Dongguan, Zhongshan, Foshan, Jiangmen starts
20 Aug Individual Travel from Guangzhou, Shenzhen, Zhuhai starts
22 Aug Central government task force comes to HK to study/discuss offshore RMB deposit taking details with HKMA, etc.
end Aug Western Corridor work starts (connecting Yuen Long and Shenzhen)
30 Aug HK-Zhuhai-Macau bridge liaison group meets
?? Sep Investment Immigration Scheme implementation details (HK$6.5m investment for residency in HK)
01 Sep Individual Travel from Beijing and Shanghai starts
?? Sep all CEPA implementation details to be finalised (by end-Sep), e.g. definition of origin of goods, what is a 'Hong Kong company', etc.
1-7 Oct National Day Golden Week holiday
H2 03 more announcement on QDII
1May04 Individual Travel extends to whole of Guangdong
International financial centre
Service industry centre
Window for fund raising and goods import/export
centre, providing banking and insurance services
Manufacturing base, focus on high technology
Ports and airport to supplement Hong Kong
Regional financial centre, providing banking and insurance services
chemical base, supplying raw material for industries
Ports mainly for supplementing Hong Kong
Including Zhuhai, Zhongshan, Jiangmen, etc.
Hinterland for developming industry and commerce
GPRD – divide (the roles) and rule (together)
New strategic economic positioning of GPRD cities: