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  • September 22, 2014
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Results 1 - 10 of 40 for parallel trading

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  1. News - Hong Kong - TOURISM

    Wide backing for tighter solo visitor scheme

    Posted Jul 26th 2013, 12:00am by Johnny Tam

    ... of parallel-goods trading. "Some visitors buy daily necessities for their own use, but some also buy products, like infant formula, to earn extra money by reselling them in the mainland," said Leung Kim-shing, spokesman for North District Parallel Imports Concern Group. A district councillor said the government should target parallel-goods trading but not the scheme. "The ...

  2. News - Hong Kong - TOURISM

    Parallel importers reject critics and say they benefit Hong Kong economy

    Posted Aug 30th 2012, 03:44am by Phila Siu, Amy Nip

    ... Phila Siu and Amy Nip Mainland parallel importers hit back at criticism and say they contribute to the city's economy Grey market helps HK, traders say Mainland parallel importers ... from next month, saying the move would lead to more mainlanders joining the parallel-imports business. He said the border city should defer the launch of multiple-visit permits for its 4.1 ...

  3. News - Hong Kong - TOURISM

    Cap on Shenzhen visitors 'won't have big impact'

    Posted Jun 28th 2014, 03:41am by Amy Nip

    ... did not confirm details of the possible cap. Civic Party lawmaker Claudia Mo Man-ching said the 52-trip limit would not even curb parallel-goods trading and permits should be scrapped completely. "When someone has used up his quota of 52 trips, the parallel trading syndicate will just tell another person to apply for the permit," she said. Economists said ...

  4. News - Hong Kong - TOURISM

    Hong Kong should control mainland visitor numbers, councillor says

    Posted Oct 01st 2012, 12:00am by Phila Siu, Johnny Tam

    ... property and parallel-goods traders stripping shops bare of goods have led to calls for a rethink about the individual visitor scheme. In 2002, about 6.8 million mainlanders visited Hong Kong. Last ...

  5. News - Hong Kong - TOURISM

    'Improvements' to Hong Kong multi-entry permits eyed, Greg So says after Beijing talks

    Posted Jun 24th 2014, 04:25am by Emily Tsang and Phoenix Kwong

    ... as the visitors were exploiting the scheme to carry parallel-traded goods to the mainland. "This scheme is the reason why parallel trading is getting more and more robust to a point that it is disrupting the daily lives of local people," North District Parallel Imports Concern Group spokesman Ronald Leung-kam-shing said yesterday. But the Hong Kong Retail Management Association said ...

  6. News - Hong Kong - TOURISM

    Shopping mall wants to build Hong Kong's first zip line on The Peak

    Posted Aug 06th 2014, 04:35pm by Amy Nip

    ... centre by about four metres. Last year, plans by cable car operator Ngong Ping 360 to set up two sets of 300-metre cross-valley parallel zip lines in northern Lantau with foreign operator Flying ...

  7. News - Hong Kong - TOURISM

    Restrict Shenzhen visitors to one trip per day, says lawmaker

    Posted May 12th 2014, 04:45am by Tony Cheung

    ... the government many times whether we can try the ‘single visit’ [model],” Fang said on TVB yesterday. Residents in the northern New Territories have complained about mainland tourists and parallel ... the policy should be backed up by statistics. “We don’t know how many [Shenzhen residents] are travelling to Hong Kong more than once a day. If all you are doing is trying to stop parallel ...

  8. Business - China Business - TOURISM

    Travel trade calls for shake-up to meet mainland China tourist boom

    Posted May 05th 2014, 05:38am by Benjamin Robertson

    ... decisions need to be expedited. The travel and tourism trade accounted for 9.5 per cent of the global gross domestic product last year and supported nearly 266 million jobs, the WTTC said. ...

  9. Business - Economy - TOURISM

    Channel mainland tourism, don’t shut it off

    Posted Jun 18th 2014, 11:31am by DAVID DODWELL

    ... with much of this trade managed through Hong Kong. The reality is that China's extraordinary emergence is reshaping the global economy, and creating uncomfortable transformations for everyone, ... Kong, and much of our wealth, will depend on it. David Dodwell is the executive director of the Hong Kong-Apec Trade Policy Group ...

  10. News - Hong Kong - TOURISM

    Property, retail shares fall on fears chief executive will cut mainland visitor numbers

    Posted May 27th 2014, 11:16pm by Johnny Tam, Peggy Sito and Tiffany Ap

    ... the government should stop those mainlanders taking day trips as they were largely parallel-goods traders. Helen Mak, of Colliers International, said retailers in Mong Kok and northern districts would ...




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