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

I. Mainland-Hong Kong Trade

Mainland-Hong Kong trade in January-March 2014 amounted to US$75.35 billion, dropping 31.4% on a year-on-year basis, accounting for 7.8% of the mainland’s external trade. The mainland’s export to Hong Kong was valued US$72.56 billion, down 31.3% year on year, and the mainland's import from Hong Kong was US$2.79 billion, down 34.8% on a year-on-year basis. Hong Kong is the mainland’s fourth largest trade partner and third largest export market.

In March of 2014, mainland-Hong Kong trade amounted to US$28.43 billion, going up 44.6% month on month. US$27.29 billion was recorded in the mainland's export to Hong Kong, and US$1.14 billion was the mainland's import from Hong Kong, going up 43.8% and 70.2% month on month respectively.

II. Investment from Hong Kong

During January-March 2014, 2,397 Hong Kong-invested projects were approved in the mainland, dropping 2.3% on a year-on-year basis. The actually used capital from Hong Kong increased 16.7% year on year to US$20.58 billion.

In March 2014, 1,004 Hong Kong-invested projects were approved in the mainland, increasing 88.4% on a month-on-month basis. The actual use of Hong Kong capital increased 51.2% than that of the previous month to US$7.88 billion.

As of the end of March 2014, the accumulated Hong Kong-invested projects approved in the mainland were 363,295 with the actual use of US$686.25 billion. In terms of utilized capital, funds from Hong Kong accounted for 48.1% of the mainland’s accumulated attraction of overseas capital.

III. Mainland-Hong Kong Economic Cooperation

During January-March 2014, the mainland had 87 contracted projects in Hong Kong with a combined value of US$1.21 billion. Turnover amounted to US$890 million. As of the end of March 2014, the number of laborers dispatched to Hong Kong was 49,437. Accumulated turnover amounted to US$44.24 billion.

(Source: Ministry of Commerce Website)