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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.
- The parallel trading of baby milk formula across the mainland border remains rampant while the surrogate shopping trade in Australia and New Zealand is causing friction
- Restoring consumer confidence in mainland products will help to address the issue
Locals complain once quiet border town is now overcrowded and like an ‘airport terminal’ with people towing suitcases.
Locals complain once quiet border town is now overcrowded and like an ‘airport terminal’ with people towing suitcases.
Police and locals note that area has become pick-up point for goods bought throughout city, while concern groups demand seven government departments respond to letter.
Police and locals note that area has become pick-up point for goods bought throughout city, while concern groups demand seven government departments respond to letter.
Police noticed parallel traders had switched method by gathering and sorting goods in Tin Shui Wai before leaving for Shenzhen Bay Port to take goods across border and resell for profit.
Police noticed parallel traders had switched method by gathering and sorting goods in Tin Shui Wai before leaving for Shenzhen Bay Port to take goods across border and resell for profit.
Anger over influx of visitors and traders from the north sparked anger and protests in 2012.
Anger over influx of visitors and traders from the north sparked anger and protests in 2012.
About 4,000 items of counterfeit proprietary Chinese medicine with an estimated street value of HK$500,000 were also seized
About 4,000 items of counterfeit proprietary Chinese medicine with an estimated street value of HK$500,000 were also seized
Two people protesting against parallel-goods trading were spared immediate jail sentences for yelling aggressively at a mother and her four-year-old daughter.
Two people protesting against parallel-goods trading were spared immediate jail sentences for yelling aggressively at a mother and her four-year-old daughter.
Developer says setting up mall will relieve pressure on traditional tourist-heavy shopping areas amid retail slump in city
Developer says setting up mall will relieve pressure on traditional tourist-heavy shopping areas amid retail slump in city
A high-profile drive launched last week by Hong Kong’s pro-business Liberal Party to press the government to lift the so-called “milk ban” has collapsed, with the party leader saying it would no longer pursue the issue.
A high-profile drive launched last week by Hong Kong’s pro-business Liberal Party to press the government to lift the so-called “milk ban” has collapsed, with the party leader saying it would no longer pursue the issue.
Protests against cross-border parallel trading in Hong Kong were bad for the city’s image as a tourist destination, Chief Executive Leung Chun-ying said, as he renewed calls for Hongkongers to welcome travellers.
Protests against cross-border parallel trading in Hong Kong were bad for the city’s image as a tourist destination, Chief Executive Leung Chun-ying said, as he renewed calls for Hongkongers to welcome travellers.
For an unpopular leader, Leung Chun-ying has proved to be the perfect populist.
It appeared to be an anti-climax when Chief Executive Leung Chun-ying told reporters earlier this month that problems caused by the controversial multiple-entry scheme for Shenzhen residents could not be solved quickly.