Report on Jewellery Industry in Hong Kong Essay

3569 Words Feb 15th, 2012 15 Pages
REPORT ON JEWELLERY INDUSTRY IN HONG KONG

Prepared for
Mr. Kevin Lee
CEO of Sparkle Limited

Prepared by
Ms. Mary Chan
Sales manager for Sparkle Limited

On
February 18, 201

Sparkle Limited

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
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5.1.1 Strong rebound of Hong Kong economy in 2010 Though the risks of a relapse into recession in the US and Europe remain, the tilt of balance of global economy landscape towards the East, especially the Mainland China, has resulted in faster economic growth in the emerging Asian economies in 2010 compared with the West. In line with increasing integration with Mainland, Hong Kong real GDP grew 7.1% for the nine months ended 30Sep2010.

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.

5.2

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