In what could be a heavy blow to cross-border traders between Shenzhen and Hong Kong, Guangdong authorites are planning to deny travel permits to Shenzhen residents found to have been involved in...
- Thu
- Oct 3, 2013
- Updated: 2:16am
Parallel trading
The influx of parallel traders who buy their stock tax-free in Hong Kong to resell it in mainland China at a profit is causing growing unrest. Residents of Sheung Shui, a town close to China's border, say the increase in parallel importers has pushed up retail prices and causes a general nuisance. Importers argue that their trade benefits the Hong Kong economy.
1 Aug 2013
Up to 150 people cross the checkpoints between Hong Kong and Shenzhen more than twice each day, according to a new system implemented last month by the Shenzhen customs.
5:05AM
26 Jul 2013
More than half of the residents and shopkeepers in North District want the individual traveller scheme for mainlanders to be tightened, a survey commissioned by the area's district council found...
4:04AM
14 Jul 2013
The protesters first went to spots where traders often sell their goods and then to the town's MTR station, where they told traders to have their bags weighed in line with railway rules. Scuffles...
1:52PM
27 May 2013
"There was only one tin left at home, but we could not buy another tin of the same brand for a whole week," says Snowy, the mother of a 10-month-old girl, as she recalls the scramble for milk...
9:04AM
21 May 2013
Buy too much rice in Hong Kong and “you could end up in jail”, Chinese media warned tourists in the wake of the Guangzhou cadmium scandal.
6:26PM
In Fanling Court yesterday, Cheng Shing-wing and Li Hak pleaded guilty to one count each of common assault, but they denied they were parallel-goods traders. Magistrate Wong Sze-lai postponed...
5:47AM
Improved guidelines will be issued to help customs officers enforce the two-tin infant milk formula limit at the border, but the government will make no more efforts to refine the legislation.
3:44AM
An overwhelming majority of border-town residents blame parallel-goods traders for driving up prices locally, according to a survey released yesterday.
3:55AM
Chief Executive Leung Chun-ying says he is willing for the city to help meet the mainland's needs for infant formula by "re-exporting baby milk powder directly from Hong Kong to the mainland".
4:29AM
Customs officials have seized more than HK$1 million worth of baby milk powder in a crackdown on a warehouse used to store the product for parallel-goods trading purposes.
4:35AM
The continuing crackdown on cross-border baby formula traders has seen 10 people arrested in two days for allegedly smuggling 110 tins of milk powder, customs chiefs said.
5:28AM
3:14AM
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23 Sep 2013
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