There’s money to be made supporting Mainland enterprises

New China study sees this as an alternative to Hong Kong’s weak export markets.

The Greater Pearl River Delta Business Council said its study, "Tapping the Domestic Market of the Pearl River Delta Region by Leveraging the Strengths of Hong Kong,” was made to help Hong Kong businesses develop domestic markets in the region.

Because of the weak growth in Hong Kong’s export markets, the council and the Central Policy Unit recommends giving incentives and support to Hong Kong companies providing branding and other support services to Mainland manufacturers, to develop the domestic market.

The council said the opening up of China’s domestic market requires a new mindset. China’s domestic market should be treated as a new type of industry to be developed into a new economic pillar of Hong Kong providing new momentum for economic growth.

Hong Kong’s services in quality control, supply chain management, distribution, retail, finance, and SME support are strengths that can be leveraged in tapping markets in the region.

The council also suggests a targeted, comprehensive strategy for Hong Kong’s government and public sector to provide support for the entire supply chain.