Parallel Trading Hurts Livelihoods, Protestors Say

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2019-01-27 HKT 16:16

Share this story

facebook

  • Parallel trading hurts livelihoods, protestors say

Protestors took to the streets of Sheung Shui on Sunday afternoon to decry a growing influx of so-called parallel traders in the border town.

They accused the government of failing to do enough to curb the influx of traders, who buy goods in Hong Kong to resell on the mainland, leveraging the SAR's lower taxes, and the perceived higher quality of some goods here.

"The parallel trading activities seriously affect the livelihood of people in North District, especially when traders block the road," said Democratic Party lawmaker Lam Cheuk-ting.

He said traders also blocked the area with heavy luggage, and said stores devoted to goods popular with traders had pushed up rents, forcing out stores that local people relied on.

The protesters want the government to restrict people who live and work in Shenzhen from visiting more than eight times a year.

A limit of one visit a week for Shenzhen residents and workers was implemented earlier, after a previous round of protests against parallel trading.

However a group of about 15 people staged a counter-protest. Led by pro-Beijing activist Chan Ching-sum, they accused the anti-parallel-trading group of attempting to stir up cross border tensions.

RECENT NEWS

TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution

TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more

Livi Bank Achieves HKD2.9B In Customer Deposit Growth

livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more

OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation

OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more

WeLab Bank Hits Profit In 2025 With HKD750M Revenue

WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more

Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations

In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more

HKMA Forms CargoX Expert Panel To Modernise Trade Finance

On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more