HKTDC RESEARCH

Delivering Sustainability: Going the Extra Mile

13 July 2022

Footwear manufacturing suffers from a bad reputation, seen by many as polluting and exploitative. By contrast, a Hong Kong-based is on a mission to “offer simple, high quality, sustainable and ethical sneakers”, using recycled materials and supporting fair labour practices.More

Topics: Footwear, Hong Kong, ESG, sustainability

Delivering Digital Wealth Management Solutions to Financial Institutions

Interview with Alex Ypsilanti, Co-founder and CEO of Quantifeed

12 July 2022

The popularity of fintech is prompting many financial institutions to look into using third party companies to develop end-to-end customer platforms which are seamlessly integrated with current platforms. In an interview with HKTDC Research, Quantifeed’s co-founder and CEO Alex Ypsilanti spoke about the company’s development and the booming demand for digital wealth management in the region.More

Topics: Finance & Investment, Technology, Hong Kong, Fintech, DIGITAL TRANSFORMATION

U.S. Export Controls and Section 232 Exclusions Expected Soon from Commerce

11 July 2022

U.S. export controls and exclusions from Section 232 tariffs are among the new items on the U.S. Department of Commerce’s most recent semi-annual regulatory agenda, which lists the following regulations affecting international trade that could be issued within the next year.More

Topics: North America, USA, customs & tariffs & duties, Export Control

Yangtze River Delta Businesses Re-open as Mainland China’s Economy Regains Momentum

11 July 2022

Recent Covid-19 outbreaks throughout mainland China are gradually subsiding. The YRD region is a major economic powerhouse that has stepped up the resumption of economic activities since June. Hong Kong-based businesses would do well to promptly reposition their market development strategies and consider working with import platforms to capitalise on opportunities in China’s post-pandemic domestic market.More

Topics: Mainland China, yangtze river delta, HONGQIAO

China Simplifies Electronic Business Licence Applications

08 July 2022

Electronic business licences are to be used on a broader scale in China, including for accessing markets and financing, and paying taxes. The move is part of efforts to reform government functions and develop digital government, according to a resolution made at the State Council executive meeting of 6 July.More

Topics: Mainland China, REFORM OF GOVERNMENT FUNCTIONS, electronic business licence

Guangzhou Rolls Out 152 Economic Stabilisation Measures

08 July 2022

Guangzhou recently rolled out 152 policies and measures to stabilise the local economy. These include policies to extend value-added tax credit refunds, make better use of government financing guarantees, defer social insurance premium payments, increase support for inclusive credit loans to micro and small businesses, and further the resumption of work and production by enterprises.More

Topics: Mainland China, ECONOMIC STABILISATION MEASURES

Hainan Free Trade Port to Further Improve Business Environment

08 July 2022

Hainan province recently issued an action plan to further optimise the business environment at its free trade port (2022-2025). Under this plan, the Hainan Free Trade Port is to establish an efficient and convenient service environment and a market environment that promotes fair competition, replace administrative approval with a record-filing system, ease market access, and implement a ‘negative list’ system.More

Topics: Mainland China, business environment

China Announces Code of Conduct for Online Presenters

07 July 2022

The National Radio and Television Administration and the Ministry of Culture and Tourism recently issued a code of conduct for online presenters. The code applies not just to presenters of online performances and audio-visual programmes but also virtual presenters and content synthesised through artificial intelligence.More

Topics: Mainland China, CODE OF CONDUCT, ONLINE PRESENTER

State Council Upgrades Four High-Tech Industrial Development Zones to National Level

07 July 2022

The State Council recently gave the green light to the upgrading to the national level of four high-tech industrial development zones: Chuzhou, in Anhui province; Anyang, in Henan; Zunyi, in Guizhou; and Karamay, in Xinjiang.More

Topics: Technology, Mainland China, high-tech industrial development zone

UAE: Dubai's China-backed Yiwu Market for Traders Opens on 28 June

07 July 2022

Dubai’s Yiwu Market, the Middle East’s first smart free zone market, has opened its doors to wholesale and retail traders. More

Topics: Furniture & Furnishings, Lighting Products, Middle East, United Arab Emirates, dubai, free zone

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