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Business Opportunities in China for HK Firms: Exploring Potential Growth

Explore the economic growth in China and the potential for Hong Kong businesses, including the benefits of globalization, e-commerce development, and information technology focus. Learn about the strengths and weaknesses of HK businesses compared to mainland firms and multinationals.

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Business Opportunities in China for HK Firms: Exploring Potential Growth

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  1. What are the opportunities and potentials for HK businesses in the mainland?

  2. The economic growth in China • Continuous growth in real GDP • Also, there is an obvious growth in GDP per capita Increasing in purchasing power • Enlarging the potential market in China

  3. China’s Average Annual Real GDP Growth Rate

  4. Globalization • becoming a single-world society • Stages of production finished in different countries • Customers are no longer concern about the origin of products (low regional preference) • Minimizing the possible risks • Reinforcing global development

  5. The development of e-commerce • General use of computer and internet • People do business through internet (e.g. e-mail, e-conference ) • Easy to manage business and operations oversea • Cross broad business become possible

  6. The development of e-commerce (continued) • E-commerce is well-developed in HK • Possess the necessary skills and talents • A potential to enlarging the business in China

  7. Information Technology (Example) • one of the focus for HK firms - Telecom market; - e-commerce; - and software industries

  8. What are the strengths and weaknesses of HK businesses vis-a-vis mainland firms and multinationals?

  9. Strengths • Developed a good image in China • High quality products and services • Good infrastructure and business system • Adequate talents and business experience • Similar culture and language with China • Market sensitive • CEPA—zero tariff

  10. Weaknesses • Less innovative ideas • Not enough famous and local brands • High costs • Lack high-tech professionals

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