The Challenge Of Parallel Trading In Hong Kong by Dan Steinbock, ChinaDaily – Reprinted with permission This week the Ministry of Public Security took action to restrict visitors to the Hong Kong Special Administrative Region after the increase in day-trippers and traders buying goods in the city led to weeks of protests. As Shenzhen authorities announced a limit on cross-border trips by the city’s residents, Hong Kong Chief Executive Leung Chun-ying issued a warning against parallel traders. Concurrently, the multiple-visit permit will be replaced by a new one-visit-per-week permit. What will be the effect of the policy change? “Parallel traders” buy…
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