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HK a premier logistics hub

September 03, 2014


Secretary for Transport & Housing Prof Anthony Cheung

An endless amount of consumer goods streams through Hong Kong to reach customers worldwide, taking advantage of our excellent logistics services. In the first five months of this year, Hong Kong's total exports of watches and clocks enjoyed a 6.7% growth to reach US$4 billion, while our import of watches and clocks increased by 11% to US$4.3 billion.


I was told, before I came here, that watches and clocks form one of the top exports in Hong Kong. So, much of Hong Kong's economy depends on how vibrant our watches and clocks sector is.


Hong Kong has excellent global connectivity. Some of you may not know that from here, from Hong Kong, one can reach half of the world's population in just five hours' flight time because we are so close to the rest of China, to India, to Korea and Japan; and down south, Indonesia, and Southeast Asia.


Every week, about 380 container vessels depart from Hong Kong to around 550 destinations worldwide. In particular, Hong Kong is a premier logistics hub and springboard to Mainland China, because of our strategic location, our world-class infrastructure, our well-developed and interconnected transport systems, and our close economic relationship with this enormous market.


I should also mention the Hong Kong-Zhuhai-Macau Bridge, now under construction through the joint efforts of three governments. This 29.6km-long mega bridge, when completed in a couple of years' time, will enhance Hong Kong's transport links to the western part of the Pearl River Delta Region, which is seeing a growing economic boom. For example, the travelling time between Zhuhai and Hong Kong International Airport in future will be cut by more than 80%. 


Competitive location 

A study last year concluded that Hong Kong is among the most competitive locations as a regional distribution centre for high-value goods, especially luxury goods and wine, in Asia.


The 12th Five-Year Plan for the National Economic & Social Development of the People's Republic of China has also expressed support for Hong Kong to develop into a high-value goods inventory management and regional distribution centre.


Indeed, a number of third-party logistics companies have already set up bases in Hong Kong to provide customised logistics services along the supply chain of their clients. These services include inventory management, order processing, quality assurance, return and repair, distribution, as well as labelling and packaging for compliance in different markets.


Hong Kong is fully equipped to handle the refined logistics necessary for products of a delicate and precise nature - watches and clocks of course are among these products. And we all know Hong Kong's watch and clock enterprises are all keen to move upmarket, hence requiring high quality logistics services.


Secretary for Transport & Housing Prof Anthony Cheung gave these remarks at the opening of the Hong Kong Watch & Clock Fair at the Exhibition & Convention Centre.

HongKong-Zhuhai-Macao Bridge Our Future Railway