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HSBC Survey: 74% of HK Firms Remain Confident in Expanding Int'l Trade Over Next 2 Yrs
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HSBC's latest survey report interviewed over 5,700 international companies, with 74% of Hong Kong companies remaining confident in expanding international trade over the next two years. Most of the surveyed companies are poised to deepen trade relations with the three major markets: Mainland China, South Asia, and Europe. In parallel, over 70% of enterprises are taking action or planning to relocate their supply chains and production closer to major customer regions, with Mainland China, South Asia, and Europe also being the preferred locations. In face of global trade snags, 76% of surveyed Hong Kong companies have already adjusted or plan to adjust pricing strategies to cope with rising costs and market changes. Furthermore, 73% of firms are opting to expand into new markets less prone to these challenges, while another 73% are eyeing on the local market. In Mainland China, 90% of companies remain confident in continuing to expand international trade over the next two years, with 84% believing that trade uncertainties are prompting them to transform and upgrade, scouting new opportunities. AASTOCKS Financial News Website: www.aastocks.com |
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