Study on the development and future of Hong Kong trade logistics

Qingzhi Fan (), Yixin Wang () and Siyu Liang ()
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Qingzhi Fan: Beijing Sport University, English, School of International Sport Organization
Yixin Wang: Nanjing University of Posts and Telecommunications, Public Affairs Management, Social and Demographic College
Siyu Liang: University of Minnesota, Twin Cities, Economy, College of Liberal Arts

A chapter in Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), 2024, pp 634-652 from Springer

Abstract: Abstract As one of the most important trading ports in the world, Hong Kong is not only a benchmark for international trade liberalization but also an important participant in promoting the innovative development of international economic and trade rules and governance. As one of Hong Kong’s four pillar industries, the trade logistics industry plays a vital role in Hong Kong’s economic growth and the prosperity of global trade. Researchers review the development process of Hong Kong’s trade logistics, analyze its various advantages as a free port and the challenges it faces at present, and propose corresponding measures and suggestions to strengthen the innovative application of trade facilitation with its experience, promote the prosperity and development of Hong Kong’s trade logistics, and bring a stable impetus for sustainable development to support regional economic and trade activities. Research shows that: (1) Hong Kong’s trade and logistics industry has a deep historical foundation and government support. As a world-class port, Hong Kong is located in the heart of Asia, with a superior geographical location, perfect infrastructure and a free trade environment. (2) Hong Kong’s trade and logistics industry is still facing challenges such as geopolitical changes, trade tensions and the impact of anti-globalization trends.(3) The future development of Hong Kong’s trade logistics is influenced by emerging technologies and sustainable development. On the basis of the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong and the Pearl River Delta can be used to face challenges and innovate.

Keywords: Trade Logistics; Hong Kong; Industry status (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-408-2_71

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