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China's Entry into the WTO and the Impact on Hong Kong Business

18 January 2000


Challenges for Hong Kong

  • Barriers and Constraints

- High Level of Entry Requirements

- Market Inefficiency

- Lack of Regulatory Transparency and
  Predictability

- Intentions of Chinese Authorities

  • Increased Competition

- Multinationals

- Mainland Enterprises

  • Diminishing Gateway Function
  • Mainland's Relationship with HK
  • Hong Kong's Competitiveness

- High Operating Cost

- Education System

What Hong Kong Businesses Can Do

  • Value Added -- Examples

- One stop export service

- Merchandizing and Designing

- Specialized Insurance

- Telecommunications

- Technology

  • Two Way Bridge

-  Strategic Alliance
    * With Multinationals
     * With Mainland businesses
     * Knowledge Base

  • Among Hong Kong Companies

- Knowledge of Mainland

- Language Skills

- IT Skills

- Management Skills

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