Group 1 - Hong Kong is promoting itself as a hub for wine and spirits trade, with a focus on the strong demand growth in the Asia-Pacific region [1][2] - In 2024, Hong Kong's total imports of spirits are valued at $831 million, with France being the second-largest import market, accounting for 30% of the total [1] - The Chinese wine market is projected to generate approximately $31 billion in revenue in 2024, with expectations to grow to $54 billion by 2030, reflecting an annual growth rate of about 10% [1] Group 2 - The introduction of a dual-tiered spirits tax system in Hong Kong has reduced the tax rate on imported spirits priced over HKD 200 from 100% to 10% [1] - From 2013 to 2023, the import of spirits in Asia has increased by 79.3%, significantly outpacing the global growth rate of 42% during the same period [1] - Hong Kong hosts various brand events, such as the Hong Kong International Wine & Spirits Fair, providing French wine merchants with platforms to promote their brands to international buyers and distributors [2]