from AFP

China's largest wine merchant, Jointek Fine Wines, has announced that it will relocate its headquarters to Hong Kong to benefit from the southern Chinese city's recent waiver of a 40% tax on the wine. The company, which opened its headquarters in Guangzhou in 2000 to import internationally established brands to China, now has more than 50 wine shops in Shanghai, Beijing, Shenzhen and Dongguan, but claims that Hong Kong also has the upper hand over its larger neighbour in transport and logistics.