Pyou Hong Kong’s Post

🌟 Exciting News for Brands Considering the Chinese Market! 🌟 Shanghai is now offering a significant incentive of RMB 1 million (approximately EUR 130 000) to international brands opening their first store in the city. This initiative is part of the “First in Shanghai” campaign, aimed at bolstering the city’s role as a global retail hub. As a lawyer and advisor specializing in the Chinese market, I see this as a pivotal opportunity for SMEs and emerging brands to make a strategic entry into Asia. Shanghai is not only enhancing financial incentives but also streamlining the bureaucratic process—optimizing permit applications and easing customs clearances for launch events. Considering a move into Shanghai or curious about navigating these opportunities? Let’s connect and discuss how this can be part of your brand’s growth strategy in Asia. #ChinaBusiness #RetailExpansion #ShanghaiOpportunities #LegalAdvice #BrandStrategy https://lnkd.in/eE5EHb2v

Thrilled to share my first article published in the South China Morning Post SCMP! The opinion piece discusses how 🇭🇰 Hong Kong's blend of iconic brands and rising stars demonstrates its unique capability for global business success. Read more below 👇 https://lnkd.in/gVMYs2rf

At Importivity, our global presence is a cornerstone of our service. Our satellite office in Hong Kong exemplifies why having boots on the ground is crucial in today's import/export landscape. Hong Kong, with its strategic location and business-friendly environment, continues to be a pivotal hub for international trade. 🔑 Key Insights... •Hong Kong remains a critical gateway for trade with mainland China and the broader Asia-Pacific region. •Despite recent challenges, the city's robust infrastructure and low-tax regime continue to attract international businesses. •Local knowledge and connections are invaluable in navigating the complexities of cross-border trade. We believe that successful importing isn't just about moving goods – it's about understanding markets, building relationships, and having real-time insights into local business climates. 💼 Why choose Importivity with our global offices? •Direct access to local suppliers and manufacturers •Real-time market intelligence and trend spotting •Faster problem-solving and crisis management •Cultural understanding for smoother negotiations •Time zone advantage for round-the-clock operations Whether you're looking to source products from Asia or expand your market reach, our team on the ground can make all the difference. 👉 Curious about how our global network can benefit your business? Visit www.importivity.com or contact us directly, and let's explore the possibilities together! #GlobalTrade #ImportExport #HongKongBusiness #SupplyChain #Importivity

🌟 Day 3 at Restaurant, Bar & Café Hong Kong 🌟 I had the opportunity to attend again the fair today (just before Super Typhoon Yagi made its presence felt! 😅) and visited the Invest Hong Kong booth 🇭🇰. I enjoyed an insightful conversation with Cathy Ching Senior VP at Invest Hong Kong, about why Hong Kong is the perfect hub for overseas food and beverage brands looking to expand in the Asia-Pacific region. Here it is my summary of some key takeaways: 👉 1. Strategic Location - Gateway to Asia: Hong Kong is a strategic gateway to mainland China and other APAC markets, making it an ideal base for regional operations. - Logistics Hub: With one of the world’s busiest ports and a major international airport, Hong Kong boasts a robust logistics infrastructure that facilitates efficient distribution. 👉 2. Business-Friendly Environment - Low Tax Regime: Enjoy a simple tax system with a corporate tax rate of just 16.5% and no sales or value-added taxes (VAT). - Ease of Doing Business: Hong Kong consistently ranks high for ease of doing business, with straightforward company registration and minimal bureaucratic hurdles. 👉 3. Free Trade and Open Market - No Tariffs on Imports: Benefit from a free trade policy with no tariffs on most goods, including food and beverages, reducing costs for European brands. - Access to Free Trade Agreements: Leverage numerous free trade agreements, including the CEPA with mainland China, for preferential treatment on goods entering China. 👉 4. Regulatory Framework - Transparent Regulations: A stable environment with a legal system based on English common law, familiar to many European companies. - Intellectual Property Protection: Strong IP laws safeguard brands and innovations, crucial for food and beverage companies. 👉5. Access to Talent - Skilled Workforce: A highly educated workforce with expertise in food science, marketing, and logistics. - Multilingual Environment: A multilingual workforce proficient in English, Cantonese, and Mandarin, facilitating communication with local and mainland Chinese markets. #HongKong #FoodAndBeverage #BusinessExpansion #InvestHK #APAC #Networking Invest Hong Kong Informa Markets in Asia Sindy Wong Rebecca Chan Gianmarco Mizzi Virgilio - Creating Value Pierluigi Pollio Filippo Cassabgi Maria Teresa Trucillo Vittoria Dell'Anna The Italian Chamber of Commerce in Hong Kong and Macao Caterina Bernardini de Pace Invest Hong Kong Italia

Hong Kong's retail and F&B sectors are facing a new challenge: the allure of Shenzhen for Hong Kong residents. Since the lift of cross-border travel restrictions last year, a wave of northbound travel is impacting Hong Kong businesses. Hongkongers are increasingly drawn to Shenzhen for weekend entertainment and shopping, leaving Hong Kong's once-thriving consumer scene with a question mark. So, what's the outlook? While the immediate future may be bumpy, there's room for optimism.  Visit https://lnkd.in/gCeBBETi to read more about the imminent challenges Hong Kong’s retail scene is facing – as well as some of the tactics that can be used to remedy them. #Retail #F&B #GreaterBay #Economy #Shenzhen #Hongkong #rfi #rfiasia #whereIQmeetsEQ 

Offered my perspective on the effects of the strengthening of the #ChineseYuan (RMB) on export businesses on Thursday’s edition of Lianhe Zaobao 联合早报. One of the key pointers I raised was that this has a larger impact on businesses who operate on a very slim margin, something that is common in #China. Additionally, international importers from China with less-urgent orders might pull-back on larger quantities for now. China remains as the factory of the world with its manufacturing capabilities. For smaller fashion companies, China remains as the go-to due to the variety of styles and advancements in manufacturing process. Full article here: https://lnkd.in/gXn-u5am

The Yiwu International Trade Market in Zhejiang, China, is a sprawling 4 million square metre complex housing more than 75,000 shops. As the 2024 Paris Olympics approach, it has been a hive of international trade, with merchants rushing to fulfil Olympic-related orders. Despite global supply chains shifting towards countries like Vietnam, the share of labour-intensive goods in China’s total exports has only slightly decreased, from 18 per cent in late 2017 to 17 per cent in 2023. Yiwu’s export resilience is fuelled not just by its low-cost products but also by a sophisticated network of information exchanges and collaborative production across enterprise boundaries. Its rapid production and delivery capabilities allow it to handle small orders efficiently. This flexibility starkly contrasts with large manufacturers, which rely on highly organised, large-scale production. Large-scale co-production also has application in other industries. Companies like SHEIN, an emerging fast fashion brand, have revolutionised the sector, outpacing traditional players like Zara. As global supply chains evolve, a balanced approach that fosters fair competition, regulates market entry and promotes global standards is essential for sustainable growth and mutually beneficial trade relationships. Read more at: https://vist.ly/33rx4 #sipmm #supplychain #supplychainmanagement #supplychainrisk #supplychaindisruption #sustainable #global #manufacturing #geopolitical #trade #export

Hong Kong logistics proved resilient during COVID, but slow trade and a sluggish retail recovery remain challenges. Read more in Savills Asian Cities 2H/2023 Hong Kong Logistics Spotlight. http://sav.li/a45 #logisticssolutions #logisticsindustry #warehousingsolutions #AsianCities

Singapore is emerging as a key testbed for Chinese companies' international expansion strategies. These are reasons: 𝟭. 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗟𝗼𝗰𝗮𝘁𝗶𝗼𝗻: Singapore's strong trade connections, diverse population, and high disposable income make it an ideal launchpad for reaching Southeast Asia and beyond. 𝟮. 𝗙𝗮𝘃𝗼𝗿𝗮𝗯𝗹𝗲 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁: Singapore's transparent and business-friendly regulations simplify the entry process for foreign companies. 𝟯. 𝗗𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗤𝘂𝗮𝗹𝗶𝘁𝘆 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀: Singaporean consumers have a high standard of living and are receptive to innovative products. This trend presents exciting opportunities for both Singapore and Chinese brands. Singapore gains access to a wider range of products and services, while Chinese brands can leverage Singapore's strengths to springboard into the global market. #MarketTest #ChineseBrands #GlobalExpansion #InternationalBusiness #GlobalTrade #GlobalBusiness #ConsumerGoods #Retail