HK continues to be Asia's wine hub: Paul Chan
Financial Secretary Paul Chan said on Friday that Hong Kong has what it takes to continue to be Asia’s wine-trading and distribution hub.  Speaking at the opening of the 15th edition of the Trade Development Council’s International Wine & Spirits Fair, Chan said this year's event has attracted more than 500 exhibitors from 17 countries and regions.  “Hong Kong has what it takes, including zero wine duties, an extensive logistics and distribution network, rich wine-trading experience, and, of course, people with a passion for fine wine and fabulous fare. Indeed, all sorts of wine and food, too,” he said.  Chan said he believes the local wine industry will continue to flourish.  “Our close proximity and connections to the mainland's vast, and growing, consumer market is another magnum-size advantage," he noted.  "Last year, the mainland and Macau accounted for more than two-thirds of our wine exports. In value terms, Hong Kong wine exports soared more than 45 per cent last year.”