HKTDC Hong Kong Electronics Fair (Autumn Edition)
Hong Kong’s electronics industry is the territory’s largest merchandise export earner, accounting for 72.5% of Hong Kong’s total exports in 2022. A substantial portion of these exports are regarded as high‑tech products, especially those related to semiconductors，telecommunications equipment and computer items. Mainland China is both the major source of and the major destination for Hong Kong’s electronic products trade.
According to the latest available statistics, Hong Kong was the world’s largest exporter of electronic integrated circuits; the second largest exporter of computer parts/accessories; as well as the world’s third largest exporter of mobile phones in value terms in 2022. This is thanks to the huge re‑export business handled through the territory, as Hong Kong is among the major global trading hubs.
Parts and components constitute about three quarters of Hong Kong’s electronics exports, of which the majority are re‑exported to mainland China for outward processing production. Finished goods constitute about one quarter of the exports, of which the majority are consumer electronics for domestic use, including a wide range of audio‑visual equipment, computer products and telecommunications equipment.
Most Hong Kong manufacturers have relocated their production facilities to mainland China to reduce cost. Their Hong Kong offices now focus mainly on R&D activities, product design and development, management, logistic support, marketing, etc. Their setups in Hong Kong are largely classified as non‑manufacturing establishments statistically, despite the fact that they have manufacturing activities across the border.
Against fast changing markets and advancing technology, Hong Kong companies emphasise quick response to ensure effective services to their customers. Also, many Hong Kong companies have further strengthened their quality assurance and environmental management systems, and are accredited with ISO 9000 – an internationally recognised standard for quality management system, ISO 14000 – a standard for environmental management system, etc.
In addition, the 14th Five-Year Plan as well as the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area indicated clear support to develop Hong Kong as an international innovation and technology hub. One of the examples is the development of the Shenzhen‑Hong Kong Innovation and Technology Co‑operation Zone (“Co‑operation Zone”), which comprises the Hong Kong‑Shenzhen Innovation and Technology Park at the Lok Ma Chau Loop and the “Shenzhen Innovation and Technology Zone” at the north side of Shenzhen River and adjacent to the Loop. The Hong Kong and Shenzhen governments signed the “Co‑operation Arrangement on the Establishment of ‘One Zone, Two Parks’ in the Shenzhen‑Hong Kong Innovation and Technology Co‑operation Zone at the Lok Ma Chau Loop” on 6 September 2021 to establish “One Zone, Two Parks” at “One River, Two Banks” under “One Country, Two Systems”. In order to attract talent and enterprises to develop in the Co‑operation Zone, the governments of the two cities have launched joint policy to provide measures conducive to the flow of talent, scientific research resources and business development etc.
