Core Insights - The trade relationship between Guangdong and Hong Kong has significantly strengthened, with Guangdong's exports and imports to Hong Kong showing substantial growth compared to 1997 levels [1][2] Group 1: Trade Volume and Growth - In 2024, Guangdong's total trade with Hong Kong is projected to reach 1.14 trillion yuan, a 3.1 times increase from 1997, with an average annual growth rate of 5.3% [1] - In the first five months of this year, Guangdong's trade with Hong Kong amounted to 470.77 billion yuan, representing a 7.8% increase year-on-year, outpacing the overall trade growth rate of Guangdong by 3.8 percentage points [1] - Exports to Hong Kong reached 445.28 billion yuan, growing by 6.7%, while imports totaled 25.49 billion yuan, marking a significant increase of 31.1% [1] Group 2: Trade Structure - The structure of trade methods is favorable, with general trade accounting for 28.2% of Guangdong's exports to Hong Kong, showing a growth of 7.8% [1] - Processing trade accounted for 41.4% of the total, with a slight increase of 0.4%, while bonded logistics saw a notable growth of 19.9%, increasing its share to 29.9% [1] Group 3: Market Participants - In the first five months, private enterprises in Guangdong contributed 227.73 billion yuan to trade with Hong Kong, growing by 11.4% and accounting for 48.4% of the total trade [2] - Foreign-invested enterprises recorded 220.29 billion yuan in trade, a growth of 1.2%, while state-owned enterprises contributed 14.68 billion yuan, growing by 2.8% [2] Group 4: Key Export and Import Products - Major export products include electrical and electronic components, with exports of 333.7 billion yuan, representing 74.9% of total exports to Hong Kong, and a growth of 3.7% [2] - Notable growth was observed in exports of electronic components (128.89 billion yuan, +15.7%), computers and parts (67.12 billion yuan, +10.1%), and electrical equipment (21.33 billion yuan, +26.3%) [2] - Key imports from Hong Kong included gold (19.65 billion yuan, +40.3%), consumer goods (2.32 billion yuan, +2.4%), and horses (640 million yuan, with no previous imports recorded) [2]