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Speedpost Service

Speedpost service

According to Express Mail Service (EMS) market research in March 2007, re-exports continued to grow in the first to third quarter of 2007 at a rate of 1.4% compared with the corresponding period last year, while domestic exports declined by 3.4% during the same period. A key challenge faced by Speedpost is competition from international couriers who are able to conclude global contracts in countries where re-exported goods originate, which limits Speedpost's growth prospects. As ports and airports in the Mainland expand capacity and increase direct connections with other countries, the role of Hong Kong as a re-exporter of goods originating from the Mainland is beginning to shrink. Moreover, in view of the huge potential offered by the Mainland market, international couriers have invested in infrastructure in the Mainland and compete fiercely on price to fill spare capacity, which further erodes Speedpost's market share.

To meet these challenges, Speedpost will explore opportunities to collaborate with China Post to meet the Mainland's export and import needs. Capitalising on Hong Kong's extensive air conveyance network, along with connections and close proximity to the Pearl River Delta's strong domestic air networks, Hong Kong holds great potential as a hub to deliver postal shipments from the Mainland to destinations all over the world. Ample business opportunities exist in value-added services, such as bulk-breaking in Hong Kong for onward shipment to other countries. Development of a multiplepiece bulk service will also enable Speedpost to reach a wider market. In view of the proximity and strong relationships between businesses in Hong Kong and Guangdong Province, we will increase co-operation with China Post to streamline processes, enhance service quality and reduce costs in the postal business.

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