{
  "id": 9257322,
  "title": "'Dual-circulation strategy offers HK opportunities'",
  "url": "https://urgent.news/2026/09/23/dual-circulation-strategy-offers-hk-opportunities-9257322",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T03:22:25.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "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, has revealed that China's dual-circulation strategy presents significant opportunities for Hong Kong businesses. This strategy, part of the country's 15th Five-Year Plan, aims to shift growth from exports to consumption, with a focus on stimulating domestic demand. The dual-circulation model emphasizes internal circulation within China, while also expanding external circulation through global trade and investment.\n\nChong pointed out that Hong Kong's local companies can take advantage of this strategy by tapping into the growing domestic market in mainland China. With consumers increasingly seeking out quality products and becoming more discerning, businesses that prioritize product safety and adherence to international standards can gain a competitive edge. By leveraging Hong Kong's strengths in product quality and safety assurance, local companies can build trust with mainland consumers and foster growth.\n\nMoreover, with the mainland's online market being the world's largest for 13 consecutive years, Hong Kong online retailers must prepare for fierce competition. The TDC's E-Commerce Express programme can assist small and medium-sized enterprises in expanding their online sales across the border.\n\nIn terms of global trade, while more mainland companies are venturing into international markets, they often face difficulties in aligning with foreign legal and admission requirements. Hong Kong can provide professional services to help these companies navigate finance, accounting, legal differences, and infrastructure-related challenges. The establishment of a new office in Egypt will further strengthen Hong Kong's connections with North African markets.\n\nUltimately, the dual-circulation strategy seeks to reduce China's reliance on Western markets by strengthening domestic consumption. Chong urges mainland companies to develop a solid plan before expanding into overseas markets to mitigate risks and ensure successful management and implementation.",
  "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": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "RTHK English",
        "title": "'Dual-circulation strategy offers HK opportunities'",
        "url": "https://urgent.news/2026/09/23/dual-circulation-strategy-offers-hk-opportunities",
        "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."
}