Hong Kong authorities are meeting with Guangdong counterparts to combat the resurgence of cross-border parallel trading after the full reopening between Hong Kong and mainland borders, according to Hong Kong customs. Read More
Cross-border
All signs are pointing to a quick recovery in China after the country finally scrapped Covid restrictions this month but will wine market bounce back with vengence in 2023? Read More
A wine company lost 2600 bottles of wines after its wine smuggling operation gone awry. Read More
A wine importer in China has been handed a one-year-and-three-month sentence and a hefty fine of RMB 550,000 (US $86,460) for wine smuggling, taking advantage of cross-border e-commerce platforms that more than halved wine taxes. Read More
Pandemic and border closure have spelled more pains for Hong Kong's wine market, as trade data shows the fine wine hub's role is quickly diminishing, a somewhat thorny and sensitive subject that will split wine crowds in Hong Kong. Read More
Australia made a point in its Vision 2050 report to reduce its heavy reliance on China, and cross-border travel ban between China and Hong Kong will take its toll on the grey market wine trading. Read More