image

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 has caused tension in the city. Residents along the border have complained that an increase in parallel importers has pushed up retail prices. Importers argue that their trade boosts the local economy.

People wait to pass through one of the new facial recognition checkpoints currently being tested at two border control points linking Shenzhen and Hong Kong. Photo: Sohu.com

Facial recognition tech comes to Hong Kong-Shenzhen border

Chinese authorities have introduced a new system to crack down on “parallel traders” at two border checkpoints between Hong Kong and Shenzhen, in a move that marks the beginning of facial recognition technology being used on the large-scale at the mainland’s border checkpoints with the city.

12