29 “Mainland and Hong Kong Closer Economic Partnership Arrangement” (CEPA) signed the persons concerned analysis of this “arrangement” of the two nine-related sectors, Hong Kong’s garment industry will be booming big winner.

1, the garment industry. In the garment industry and the products sold in the Mainland ATV Chief Executive Chan Wing-kee said: elimination of tariffs on costs, products can be sold cheaper, you can sell more and earn more. Estimated that Hong Kong garment industry can save 4 billion yuan per year, zero tariff will be most beneficial to high-end brands.

Second, jewelry. Tariff up to 35% of Hong Kong jewelry industry, there will be more competitive to enter the mainland market, as “arrangements” under the second big winner. Hong Kong Jewellery & Jade Manufacturers Association, said the governing members of the Yu Jinkun, CEPA is a golden opportunity to bring business opportunities for the jewelery industry. After the signing of CEPA, Hong Kong businessmen can “justifiably” entering the mainland market, the industry’s initial plans to introduce foreign capital to develop the Mainland market.

Although Hong Kong’s jewelry exports to the mainland worth far less and clothing exports were only worth 84 million yuan last year, but people have loved the Mainland to Hong Kong “cargo sweeping,” This reflects the high price of the goods imported from the Mainland. Jewelry lower domestic prices, demand will increase in the Mainland, and even prompted some distortion of the Mainland market, the original jewelry back to a rational price system.

Third, cosmetics industry. Mainland high-tariff products cosmetics, is a Hong Kong business profitable new industry. At present foreign cosmetics imported into the Mainland tariff as high as 22%, and some Japanese brands such as Shiseido, Beijing is also a separate production line for domestic sales, so prices are cheaper, Chan Wing-kee said that Hong Kong businessmen and intellectually alert, from Japan, France imported cosmetics material, and then launched their own formula and brand. He can also be the case that the pharmaceutical industry.

4, the textile industry. If Hong Kong imports of fabric from Europe can enjoy zero tariff, set up small factories in Hong Kong were part of the process, which shipped to the Mainland for dyeing and sale of manufactured goods prices will be more competitive. Part-time managing director of the Yangtze River’s Chan Wing-kee said the garment, the company has plans to set up a branch in Hong Kong, and hire local workers, but investment has not been determined.

5, the mainland retail. Guangzhou Daxin local department store company in a new person in charge told reporters that the influx of foreign retailers likely to CEPA Mainland, retailers do not care, in fact, a large international retail groups have entered the mainland, has long been of the competition. New Daxin most concerned about is how the retail and manufacturing industries into profit due to the formation of zero tariff. He said that CEPA is estimated that the initial market performance will not be too obvious, but the retail price tariffs will be gradually decreased.

6, good prospects for cooperation in the financial industry. Hong Kong has a large financial Youshi, yes, particularly in the financial infrastructure facilities, Hong Kong’s financial clearing system, communications, Advisory Technology applications such as mature; more variety of financial services. Guangdong and Hong Kong has good prospects for cooperation in the banking clearing system, settlement on the promising solutions.

7, lawyers involved in the industry difficult. As the legal system is inconsistent, law firms wishing to enter the mainland is still relatively large degree of difficulty. However, cooperation can be discussed with the Mainland, play their respective advantages. China’s accession to WTO, foreign-related disputes has become increasingly prominent, especially in anti-dumping, technical barriers such as economic disputes have an urgent need to solve the problem of foreign lawyers, but the lack of legal talent in the Mainland, this is the opportunity for Hong Kong lawyers. Hong Kong law firms are familiar with foreign legal systems by virtue of language and other advantages of collaborating with the mainland. And accounting firms, as immediate access to the mainland is unlikely that the industry should observe the market and policy.

8, the smallest tourism competition. In all services, the two most complementary tourism, basically there is no competition, should be more together to increase the attractiveness of travel arrangements give full play to regional, cultural, historical, economic and other quite different tourism resources.

9, the medical industry to be a lot. Hong Kong and Taiwan have always been a lot of private medical institutions to enter the mainland, only to suffer a lot of policy restrictions in the Mainland. Private health care clinics in Hong Kong, is approved to enter the mainland soon, will be further stratified into consumption, while the medical services can also be co-operation.
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About the Author:
I am China Crafts Suppliers writer, reports some information about metal spinning machines , fabric dyeing machine.
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