Topic
The influx of parallel traders who buy their stock tax-free in Hong Kong to resell it in mainland China at a profit has caused tension in the city. Residents along the border have complained that an increase in parallel importers has pushed up retail prices. Importers argue that their trade boosts the local economy.
For an unpopular leader, Leung Chun-ying has proved to be the perfect populist.
It appeared to be an anti-climax when Chief Executive Leung Chun-ying told reporters earlier this month that problems caused by the controversial multiple-entry scheme for Shenzhen residents could not be solved quickly.
- ‘Daigou’ couriers take orders online before picking up food, drinks and snacks to bring to Hong Kong
- Customers are a mix of Hongkongers and mainland Chinese who miss specialities from across the border
Post observes return of such activities outside Sheung Shui MTR station, with individuals dispersing when police arrive only to regroup after officers leave.
Traders buy goods in city to resell in mainland China at profit, bypassing hefty import and value-added tariffs.
Business levels go up in shops near border, but still far off peak of pre-pandemic days, stores say.
Thousands of people had earlier gathered in a park and marched along streets in a demonstration against mainland parallel traders.
Democratic Party given permission to hold first march since anti-government protests broke out in June.
Police are investigating the beating, which victim believes could be linked to his opposition to tax-dodging practice as well as the extradition bill.
One young man, suspected of unlawful assembly, attempts footbridge leap in apparent bid to avoid police inquiries, but officers say they saved his life.
Police and protesters clash shortly after march against parallel traders ends in Sheung Shui. Police describe the mostly young protesters as ‘highly organised’ and well prepared to attack them with iron poles and other weapons.
Merchants’ body alerts shopkeepers of chaos as local group members plan to stage march to protest against tax evasion by mainland Chinese traders
The tax rate on products including computers, foodstuffs, gold and silverware, furniture and medicines will be lowered to 13 per cent from 15 per cent.
Locals complain once quiet border town is now overcrowded and like an ‘airport terminal’ with people towing suitcases.
Police and locals note that area has become pick-up point for goods bought throughout city, while concern groups demand seven government departments respond to letter.
Police noticed parallel traders had switched method by gathering and sorting goods in Tin Shui Wai before leaving for Shenzhen Bay Port to take goods across border and resell for profit.
Anger over influx of visitors and traders from the north sparked anger and protests in 2012.
About 4,000 items of counterfeit proprietary Chinese medicine with an estimated street value of HK$500,000 were also seized
