Monday 13 April 2015

China scraps unlimited Hong Kong entry for Shenzhen residents

China is to stop issuing multiple entry Hong Kong visas to residents of Shenzhen, state media reports.

The move is an attempt by Beijing to ease growing anger in Hong Kong over shopping trips by mainlanders who are take advantage of lower taxes.
Shenzhen residents will now only be able to enter Hong Kong once per week, and stay for no longer than a week.
Hong Kong officials say 47 million visits were made in 2014 by mainland Chinese people.
About a tenth of those visits were by people who entered Hong Kong more than once a week, a large proportion of them Shenzhen residents holding multiple entry visas.
Many of the visitors buy up household goods in bulk to resell across the border - as Hong Kong does not charge sales tax - despite this being illegal.
There have been angry protests in recent months over this so-called parallel trading, occasionally resulting in scuffles in shopping malls close to the border.

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