HK trade commissioner makes Sacramento pitch

10-Feb-2014 Intellasia | Bizjournals | 6:00 AM Print This Post

Clement Leung, Hong Kong’s commissioner for economic and trade affairs, pitched Sacramento businesses Thursday for greater trade with the Chinese city of seven million.

Hong Kong has become “an ideal showroom for…American companies to raise the profile of their goods to an increasingly affluent and brand-conscience Mainland middle-class,” said Leung during a luncheon hosted jointly by the California Chamber of Commerce and San Francisco’s Hong Kong trade office.

Hong Kong is California’s sixth-largest export destination, exporting approximately $7.8 billion in 2012, Leung said.

The port of Hong Kong’s designation as a duty-free wine zone have caused surging wine sales, with lots of “potential to grow,” said the commissioner.

California startups should also consider entering the Chinese market through Hong Kong, said the commissioner. The city’s newly launched “Start Me Up Hong Kong” programme facilitates access to financial and intellectual capital.

Interested companies could contact the Hong Kong Economic and Trade Office in San Francisco.

California companies set a new record for exports in 2013, according to a report released yesterday by Beacon economics. The state’s merchandise export trade totalled $168 billion, up 4 percent from 2012 and better than any pre-recession year.


Category: Hong Kong

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