Mainland-HongKong Economic and Trade Cooperation in January-May 2014

I. Mainland-Hongkong Trade

Mainland-Hong Kong trade in January-May 2014 amounted to US$132.05 billion, dropping 26.6% on a year-on-year basis, accounting for 7.9% of the mainland’s total trade. The mainland’s export to Hong Kong was valued US$127.36 billion, down 26.4% year on year, and the mainland’s import from Hong Kong was US$4.69 billion, down 31.9% on a year-on-year basis. Hong Kong is the mainland’s fourth largest trade partner and third largest export market.

In May 2014, mainland-Hong Kong trade amounted to US$28.56 billion, going up 1.56% month on month. US$27.73 billion was recorded in mainland’s export to Hong Kong, going up 2.4% month on month, and US$0.83 billion was mainland’s import from Hong Kong, going down 22.4% month on month.

II. Investment from Hong Kong

During January-May 2014, 4,363 Hong Kong-invested projects were approved by the mainland, increasing 0.1% on a year-on-year basis. The actually used capital from Hong Kong increased 14.8% on a year-on-year basis to US$32.27 billion.

In May 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 May 2014, the accumulated Hong Kong-invested projects approved by the mainland were 365,261 with the actual use of US$697.94 billion. In terms of utilized capital, funds from Hong Kong accounted for 48.3% of the mainland’s accumulated attraction of foreign capital.

III. Mainland-Hong Kong Economic Cooperation

During January-May 2014, the mainland had 125 contracted projects in Hong Kong with a combined valued of US$1.46 billion. Turnover amounted to US$1.48 billion. As of the end of May 2014, the number of labors dispatched to Hong Kong was 51,076. Accumulated turnover amounted to US$44.83 billion.

(Source: Ministry of Commerce Website)