Greater Pearl River Delta, China

Description: Greater Pearl River Delta

The Greater Pearl River Delta Region comprises Hong Kong, nine municipalities of the Guangdong Province (Mainland China) and Macau (Special Administrative Region of China).

High-end processes in Hong Kong and their production base in the Mainland.

1. Many global companies are creating facilities in the Greater Pearl River Delta Region, taking profit of the benefits of this multi-jurisdiction and cost-efficient business model
2. Companies situated in the Greater Pearl River Delta can source or manufacture competitively in the People's Republic of China and use logistical, financial, legal, design and marketing services of Hong Kong to export their products to the global market
3. Many foreign enterprises use Hong Kong and the Greater Pearl River Delta as their distribution base for selling goods and services into the People's Republic of China
4. About 59,000 companies in Hong Kong have their industrial units in the Mainland, of which 53,000 factories are in Guangdong Province (a cluster in the Pearl River Delta)
5. Hong Kong is one of the largest recipients and suppliers of foreign direct investment in the World and is the single largest foreign direct investment source (FDI) in the Mainland
6. Guangdong, as the province enjoying the largest share of FDI of Mainland, is becoming an ideal place for investment
7. The Pearl River Delta Economic Zone is the leading exporter and importer among the major regions of the Mainland

The nine municipalities of the Mainland:

1. Dongguan
2. Foshan
3. Guangzhou
4. Huizhou
5. Jiangmen
6. Shenzhen
7. Zhaoqing
8. Zhongshan
9. Zhuhai

Zhuhai City (Southern Guangdong) is one of the earliest special economic areas in the People's Republic of China and the new and hi-tech industrial: electronics, computer software, biotechnology and pharmacy, machinery, and equipment as well as petrochemical industries.

Foshan City is the third largest manufacturing base in the Pearl River Delta. The main sectors are household electrical appliance and tool manufacturing, Furniture, Non-metal ore and manufacturing, electronics and communications, Stainless steel products, Plastic products, Ceramics.

Dongguan City is situated in the Pearl River Delta of Guangdong Province, in the middle of the Guangzhou - Shenzhen - Hong Kong Economic Corridor. Dongguan is not only a modern Information Technology City but also an internationally reputed manufacturing centre.

Closer Economic Partnership Arrangement (CEPA)

1. Signed by the Hong Kong Special Administrative Region Government and the Central People's Government, CEPA marks a new era of economic cooperation between Hong Kong and the Mainland China
2. The Closer Economic Partnership Arrangement entry into force in 2004.
3. The Partnership Arrangement allows preferential access to the Chinese Mainland market and reduces the tariffs for some enterprises and individuals operating in Hong Kong
4. The Closer Economic Partnership Arrangement opens up large markets for Hong Kong export products and services
5. all the export products of Hong Kong origin importing into the Chinese Mainland benefit from tariff free treatment
6. Under the Closer Economic Partnership Arrangement, service suppliers in Hong Kong benefit from a preferential treatment

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Chinese Free Trade Agreements (FTA): ASEAN, Singapore, Pakistan, New Zealand, Peru, Costa Rica, Chile, APEC, Shanghai Cooperation Organisation, Asia-Pacific Trade Agreement, European Union, Andean Community...

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