International transfer with baggage cannot be checked through at PVG

I will be arriving at Pudong Airport at 11:35AM from Hong Kong by Hong Kong Airlines. My baggage cannot be checked through. I have to collect my baggage on arrival and check-in again. Then I will be flying to Copenhagen by SAS departing at 1:35PM. I am a Hong Kong Citizen. Do you think I have enough time for the transfer within these two hours?