HK boat show targeting China's rich
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E-mail CNTV, December 3, 2012
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A yacht is pictured at its booth during Hong Kong International Boat Show 2012 in south China's Hong Kong, Dec. 2, 2012. The boat show closed on Sunday. |
Michael Lieu, director of Promax Marine Limited, said, "There's never been any pleasure boats in China previously in China's history. So this whole new rich man's toy is very, very new to them."
It wasn't new for them in ancient times. But not now, analysts say most rich Chinese would rather buy high end cars, Swiss watches, or traditional houses costing tens of millions yuan like this one in downtown Beijing.
Still, the dealers here in Hong Kong are confident of their business.
Winnie NG, general manager of Club Marina Cove, said, "They prefer to buy boats in Hong Kong, so that they don't have to pay the 43.5 percent tax. And Hong Kong can give them a wider choice of boats."
And they also say that since there are few local competitors, now is a good time to enter the Chinese market.
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