|Is the new restriction on visits to Hong Kong going to impact parallel traders?|
The Hong Kong government claims the latest measures will reduce the number of parallel traders by 30 percent, or about 4.6 million a year, but it is believed parallel traders will have something up their sleeves to keep their lucrative businesses going.
No one has a good idea of how much really is brought across the border to resell and how much profit is made out of parallel trading. Obviously mainlanders are doing a brisk business otherwise they would not be doing this on a daily basis. But it would be interesting to find out exactly what kinds of products are in demand, who buys them and why.
Besides, we need this market research for the shopping malls we're apparently building near the border just for this segment of people who come to Hong Kong...