Mainland-Hong Kong Trade, Economic Cooperation in January-August 2014

Mainland-Hong Kong trade in January-August 2014 amounted to US$223.47 billion, dropping 16.5% on a year-on-year basis, accounting for 8.1% of the mainland’s total trade. The mainland’s export to Hong Kong was valued US$215.89 billion, down 15.9% year on year, and the mainland’s import from Hong Kong was US$7.58 billion, down 31.2% on a year-on-year basis. Hong Kong is the mainland’s fourth largest trade partner and third largest export market.

In August 2014, mainland-Hong Kong trade amounted to US$30.44 billion, going down 6.9% month on month. US$29.49 billion was recorded in the mainland’s export to Hong Kong, going down 6.8% month on month, and US$0.95 billion was the mainland’s import from Hong Kong, going down 8.7% month on month.

II. Investment from Hong Kong

During January-August 2014, 7,629 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 6.9% on a year-on-year basis to US$51.38 billion.

In August 2014, 983 Hong Kong-invested projects were approved by the mainland, decreasing 13.8% on a month-on-month basis. The actual use of Hong Kong capital went up 17.7% from that of the previous month to US$5.38 billion.

As of the end of August 2014, the accumulated Hong Kong-invested projects approved by the mainland were 368,527 with the actual use of US$717.0 billion. In terms of utilized capital, funds from Hong Kong accounted for 48.6% of the mainland’s accumulated attraction of foreign capital.

III. Mainland-Hong Kong Economic Cooperation

During January-August 2014, the mainland had 178 contracted projects in Hong Kong with a combined valued of US$2.21 billion. Turnover amounted to US$2.46 billion. As of the end of August 2014, the number of labors dispatched to Hong Kong was 50,911. Accumulated turnover amounted to US$45.81 billion.

(Source: Ministry of Commerce Website)