Mainland-Hong Kong Economic and Trade Cooperation in January-July 2014

I. Mainland-Hong Kong Trade

Mainland-Hong Kong trade in January-July 2014 amounted to US$193.03 billion, dropping 18.2% on a year-on-year basis, accounting for 8% of the mainland’s total trade. The mainland’s export to Hong Kong was valued US$186.4 billion, down 17.7% year on year, and the mainland’s import from Hong Kong was US$6.63 billion, down 28.9% on a year-on-year basis. Hong Kong is the mainland’s fourth largest trade partner and third largest export market.

In July 2014, mainland-Hong Kong trade amounted to US$32.68 billion, going up 15.5% month on month. US$31.64 billion was recorded in the mainland’s export to Hong Kong, going up 15.5% month on month, and US$1.04 billion was the mainland’s import from Hong Kong, going up 15.6% month on month.

II. Investment from Hong Kong

During January-July 2014, 6,646 Hong Kong-invested projects were approved by the mainland, increasing 2.3% on a year-on-year basis. The actually used capital from Hong Kong increased 9.2% on a year-on-year basis to US$46.0 billion.

In July 2014, 1,026 Hong Kong-invested projects were approved by the mainland, increasing 9.2% on a month-on-month basis. The actual use of Hong Kong capital went down 1.3% than that of the previous month to US$5.81 billion.

As of the end of July 2014, the accumulated Hong Kong-invested projects approved by the mainland were 367,544 with the actual use of US$712.37 billion. In terms of utilized capital, funds from Hong Kong accounted for 48.5% of the mainland’s accumulated attraction of foreign capital.

III. Mainland-Hong Kong Economic Cooperation

During January-July 2014, the mainland had 167 contracted projects in Hong Kong with a combined valued of US$2.06 billion. Turnover amounted to US$2.25 billion. As of the end of July 2014, the number of labors dispatched to Hong Kong was 50,745. Accumulated turnover amounted to US$45.59 billion.

(Source: Ministry of Commerce Website)