Shenzhen's Mining Equipment Exported Globally Via Hong Kong

According to Odaily, several vendors in Shenzhen's Huaqiangbei district are exporting mining equipment globally through Hong Kong. In Hong Kong, the sale and purchase of mining machines are legal, and some companies specialize in this business. A vendor disclosed that the demand for mining machines in mainland China is minimal, leading to the majority of these machines being exported. To mitigate risks, transactions and deliveries are conducted in Hong Kong, which is conveniently close to Shenzhen. Mining equipment can be transported to Hong Kong within a day using cross-border trucks. Hong Kong's extensive international flight network facilitates the rapid air shipment of mining machines worldwide. For larger quantities where time is not a critical factor, sea freight is utilized, offering significantly lower logistics costs. This strategic location and logistical advantage make Hong Kong a preferred hub for exporting mining equipment globally.