.contact us |.about us
HomeBizChinaMetrolifeDragon KidsForum

Highlights ... ...
Search:
    Advertisement
Private sector to gain from CEPA
( 2003-07-02 10:25) (China Daily HK Edition)

The newly-signed trade agreement between the mainland and Hong Kong is seen as a win-win scenario for private enterprises in both Hong Kong and the mainland, according to economic researchers and business people.

They stressed that mainland private firms will enjoy long-term benefits from the Closer Economic Partnership Arrangement (CEPA) despite some short-term challenges.

Some of the services provided by Hong Kong will help mainland private enterprises improve their overall quality of management, they said, while the existing distribution networks of the mainland companies are likely to provide ready sales channels to their Hong Kong peers.

From January next year, the mainland will eliminate import tariffs on hundreds of categories of goods and services made or originating from Hong Kong.

The deal is also expected to give Hong Kong enterprises, especially service industries such as banks and accountancy firms, greater access to the rapidly-growing mainland market.

Zhang Yansheng, director of the Institute of International Economic Studies under the State Development and Reform Commission, described the agreement as a "win-win" solution.

He dismissed the belief held by some mainland businessmen and government officials that Hong Kong firms will enjoy by far the greater opportunities than their mainland counterparts. "The trade deal will benefit the economy, trade and related industries both in Hong Kong and the mainland as long as both sides can co-ordinate their progress from time to time," Zhang said.

He noted that one of the immediate benefits for mainland private firms is their easy access to quality professional services from Hong Kong, especially in the financial industry.

Mainland private enterprises have long been suffering lingering problems in management, accounting and auditing partly due to shortages of qualified professionals.

The poor corporate governance in mainland private enterprises has been highlighted by a series of scandals involving several Hong Kong-listed firms such as Euro-Asia Agricultural (Holdings) Co Ltd, Shanghai Land Holdings Ltd and Shanghai Merchants Holdings Ltd.

Statistics suggest that mainland private firms account for about 80 per cent of enterprises that are waiting for IPOs (initial public offerings) in Hong Kong.

"But with Hong Kong firms given the green light to march into the 17 service sectors, mainland private businesses will have a better chance to strengthen their management and improve corporate governance," Zhang said.

Under the trade pact, the mainland will allow Hong Kong firms to set up wholly-owned companies to provide management consulting, advertising distribution, logistics, distribution and other services.

Zhang noted that although mainland firms in the fledgling service sector will unavoidably meet with grave challenges from their Hong Kong counterparts, their development will be aided in the long term.

The introduction of badly-needed capital and top professionals from Hong Kong will greatly help domestic enterprises upgrade their own services and speed up their integration with the international market, according to the researcher.

He cited the great contribution made by Hong Kong firms to the fast economic development in the Pearl River Delta region through exporting both capital and services over the past two decades.

Leung Wai-ho, a standing committee member of the Hong Kong Chinese General Chamber of Commerce, predicted that even the influx of Hong Kong-made goods to the mainland market will spell enormous business opportunities for domestic private firms.

Hong Kong firms will depend on a huge sales network and deep knowledge about the mainland market to succeed in promoting sales of their goods, Leung was quoted as saying by the China Central Television.

"Mainland private firms can then make best use of their unique advantages such as well-established national sales networks and familiarity with the mainland market to join hands with their Hong Kong counterparts in tapping the market," he said.

The businessman suggested mainland enterprises set up strategic partnership with Hong Kong firms to boost their own development.

   
Close  
  Go to Another Section  
     
 
 
     
  Article Tools  
     
  E-Mail This Article
Print Friendly Format
 
     
   
        .contact us |.about us
  Copyright By chinadaily.com.cn. All rights reserved  
主站蜘蛛池模板: 国模大胆一区二区三区| 欧美性色欧美a在线播放| 国产初次破初视频情侣| 两个人看的www免费| 夜夜高潮天天爽欧美| 丝袜诱惑中文字幕| 日本人与黑人xxxx| 么公的又大又深又硬想要 | 一级黄色片免费| 日本乱人伦电影在线观看 | 台湾佬中文222vvv娱乐网在线| 麻豆国产AV丝袜白领传媒| 国产精品国三级国产aⅴ| 91精品国产高清久久久久| 天天爱添天天爱添天天爱添| 一道本不卡免费视频| 日本三级韩国三级美三级91| 久久精品99国产精品日本| 欧美一级视频免费看| 亚洲国产精品综合久久网各| 欧美网站www| 亚洲精品无码mv在线观看网站| 男人j进女人p免费动态图| 免费被靠视频动漫| 精品人妻少妇嫩草AV无码专区| 叶山豪是真吃蓝燕奶| 老太脱裤让老头玩ⅹxxxx| 国产中文欧美日韩在线| 青草国产精品久久久久久| 国产大学生粉嫩无套流白浆| 韩国福利影视一区二区三区| 国产真实乱16部种子| 网站在线观看你懂的| 国产精品无码一区二区三级| 4虎永免费最新永久免费地址| 国产美女精品三级在线观看| 91热久久免费精品99| 国产高清视频一区三区| 91精品国产9l久久久久| 国产视频一区二| 91精品国产91久久综合|