{
  "id": 9256405,
  "title": "'Dual-circulation strategy offers HK opportunities'",
  "url": "https://urgent.news/2026/09/23/dual-circulation-strategy-offers-hk-opportunities",
  "topic": "world",
  "section": "World",
  "published": "2026-09-23T03:22:25.000Z",
  "source": {
    "name": "RTHK English",
    "slug": "rthk-english",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1871200-20260923.htm"
  },
  "original_language": "en",
  "account": "The Trade Development Council (TDC) executive director, Sophia Chong, highlighted that Beijing's dual-circulation strategy presents significant opportunities for Hong Kong businesses. The 15th Five-Year Plan of China emphasizes transitioning to a consumption-led growth model, with the dual-circulation model playing a pivotal role. This strategy aims to boost domestic demand, allowing products to circulate within the country, and simultaneously open up to global markets and investments to enhance external circulation.\n\nChong pointed out that local companies can capitalize on the mainland market, as consumers are increasingly seeking quality products and are less inclined to blindly follow major global brands. The emphasis on brand stories presents a growth opportunity for independent and emerging brands. Hong Kong's reputation for stringent product safety and adherence to international standards further enhances its appeal to mainland consumers, who prioritize product quality and safety assurance.\n\nThe online market in the mainland China has been the world's largest for 13 consecutive years, reaching a total scale of 23.8 trillion yuan over the past five years. Chong urged local online retailers to prepare thoroughly before entering this highly competitive market. The TDC's E-Commerce Express programme can assist small and medium-sized enterprises in expanding their online sales across the border.\n\nRegarding global trade enhancement, Chong noted that while many mainland companies are venturing into international markets, some face challenges in aligning with foreign legal and admission standards. Hong Kong can provide professional services to assist these companies in navigating complex issues related to finance, accounting, legal differences, and infrastructure or property development overseas. To facilitate this process, a new office will open in Egypt to strengthen connections in North African markets.\n\nChong emphasized the importance of a well-planned strategy for mainland companies before expanding into overseas markets. This strategy will help mitigate risks during their management and implementation phases. Beijing's dual-circulation strategy, introduced in 2020, also aims to reduce the country's dependence on Western trade by strengthening domestic markets.",
  "summary": "The executive director of the Trade Development Council (TDC) has said Beijing's \"dual-circulation strategy\" to spur consumer demand and enhance global trade will offer significant opportunities for Hong Kong businesses. Under the country's 15th Five-Year Plan, policymakers have made it clear that the nation strives to transform its growth model into one that is increasingly led by consumption,…",
  "key_points": [
    "Beijing's dual-circulation strategy boosts Hong Kong business opportunities.",
    "Hong Kong's stringent product safety attracts mainland consumers.",
    "TDC's E-Commerce Express aids online retailers entering Chinese market."
  ],
  "editors_take": "Beijing's dual-circulation strategy creates opportunities for Hong Kong businesses to tap into the mainland market and help Chinese companies expand globally, leveraging Hong Kong's expertise in standards, professional services, and e-commerce.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "RTHK News - Finance",
        "title": "'Dual-circulation strategy offers HK opportunities'",
        "url": "https://urgent.news/2026/09/23/dual-circulation-strategy-offers-hk-opportunities-9257322",
        "published": "2026-09-23T03:22:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}