Report on Jewellery Industry in Hong Kong Essay
Mr. Kevin Lee
CEO of Sparkle Limited
Ms. Mary Chan
Sales manager for Sparkle Limited
February 18, 201
Date: February 10, 2011
To: Mr. Kevin Lee, CEO, Sparkle Ltd.
From: Ms. Mary Chan, Sales manager, Sparkle Ltd
Subject: Report about Jewellery Industry in Hong Kong
The attached report, requested by you dated Jan 5, analyze the current business opportunities in jewelley industry in Hong Kong and also the possibility of establishing a retail jewellery shop in Hong Kong. I hope you will find the results of this report beneficial in making the decision of setting up a new retail store in Hong Kong.
The purpose of the …show more content…
5.1.2 Increasing economic ties with Mainland While external demand could remain weak compared with the level before the global financial crisis, and the advanced economies are still the main driving force for the final demand in global trade, we think the increasing integration between Hong Kong and Pearl River Delta will continue to support the economic growth of Hong Kong.
5.1.3 PRC tourists-another Hong Kong retail sales growth driver Hong Kong retail sales sector is largely underpinned by the strong inflows of tourists, especially from PRC. For the ten months ended 31OCT2010, the number of total tourist arrivals increased by 24.7% to 29,434,487. Among the total, 64.0% are from Mainland China and arrivals from Mainland grew 29.4% for the ten months ended 31Oct2010 to 18,845m025. Their consumption power has also increased due to appreciation of RMB and increasing disposable income per capita.