During The Hongkong Fur Exhibition, Government Officials Said They Would Allocate Huge Sums Of Money To Support The Local Fashion Design Industry.

" Hong Kong The HKSAR government will allocate 500 million yuan to support the development of the local fashion design industry. Through the designer's overseas training, we will provide garment samples matching and hosting events to cultivate young local fashion designers in Hongkong and start their own brand. On the opening ceremony of the "2015 Hongkong International Fur Fashion Exhibition" held in February 25th, Su Jinliang, director of the commerce and Economic Development Bureau of the Hongkong Special Administrative Region, affirmed the hearsay. His presence represents the Hongkong SAR government's approval and support for the fur industry in Hongkong.

"2015 Hongkong International Fur fashion exhibition It was held at the Hongkong Convention and Exhibition Centre in from February 25th to 28th. This exhibition is a collection of major businesses around the world, showing high-quality fur products and technology. It is one of the best trading platforms for purchasing high quality fur products. A total of 850 exhibitors and 280 exhibitors from 14 countries are expected to attract buyers from more than 30 countries.

At present, 75% of the world's processed fur and fur garments are re exported through Hongkong. In 2014, Hongkong exported fur garments and accessories to a total value of HK $1 billion 800 million. Hong Kong Fur Zhao Shuyuan, President of the industry association, said that Hongkong has always been the world's top quality fur market. Every year the exhibition is attracted by the world's fur buyers and exhibitors, and is buying Hongkong's high-quality fur garments and materials. I believe this year is no exception.

Mr. Zhao said that the price of fur raw materials has been rising over the past few years. Last year, the market has declined and the market is developing healthily. This will directly enhance the purchasing power of fur fashion buyers. In such a favorable environment, warm winter and global economic growth have led to a slight downward adjustment in the leather industry during the callback period, but it has been considerably slower than the previous year, so it is cautiously optimistic about the performance of the fur industry in the coming year.

Zhao said that with the development of fur industry affected by external factors, the fur industry in Hongkong has also actively made strategic adjustments. It is expected that emerging markets will be the main target for development. Mainland China is one of them. "The mainland's economic development is stable, the number of middle class is expanding, and domestic consumers are increasingly pursuing the quality and taste of clothing, thus forming a huge potential fur market." He said that the fur industry in Hongkong will develop more high-quality and fashionable fur products in the future, and optimize the shape, design, materials, colors, patterns and details of the products so as to make the styles and materials more diversified and timely, so as to grasp the opportunities of emerging markets.

According to statistics, Russia is currently the largest market for fur exports in Hongkong. The local government has encountered the devaluation of rubles and political problems. Apart from its impact on foreign trade, Russia has also shifted its foreign economy from Europe to Asia, including Hongkong. Zhao said that under the circumstances, Hongkong fur product design and price are both competitive, so the Russian market is still optimistic, and products are more popular with Russian buyers. The United States is the second largest market in Hongkong. With the strong economic performance this year and the continuous recovery of the country, the US market is expected to continue to perform well this year. At present, apart from Russia and the United States, Asia's Japan and South Korea, Italy of Europe is the top five market of Hongkong fur export.