Hong Kong’s Middle East mission lays groundwork for new business opportunities ACN Newswire

Hong Kong’s Middle East mission lays groundwork for new business opportunities

HONG KONG, Feb 10, 2023 - (ACN Newswire via SEAPRWire.com) - Since the recent reopening of the Hong Kong-mainland border, the Hong Kong Trade Development Council (HKTDC) embarked on a week-long business mission to the Middle East, led by Mr John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR).The Hong Kong business delegation signed 13 MoUs during this trip. In this photo, HKTDC and Abu Dhabi Chamber of Commerce and Industry signed an MoUs at the Abu Dhabi-Hong Kong Business Forum on 7 February.The Hong Kong delegation engaged with senior representatives of government, local Chambers of Commerce and key corporations via business meetings and seminars. In this photo, they are on a company visit to SABIC, the leading petrochemicals manufacturer in the Middle East.Led by Mr John Lee, HKSAR Chief Executive, the delegation visited various companies in Saudi Arabia and the UAE to learn about the latest developments. Here, the group visit THE LINE Experience exhibition (NEOM) showcasing innovative urban designs of the futuristic city NEOM.Mr Lee was accompanied by principal officials Mr Horace Cheung, Deputy Secretary of Justice; Mr Christopher Hui, Secretary for Financial Services and Treasury; and Mr Algernon Yau, Secretary for Commerce and Economic Development.The signing of 13 Memoranda of Understanding (MoU) during the mission signals new collaboration opportunities between Hong Kong and Middle East companies and organisations in business, finance, innovation and technology, sustainability and transport.Over 30 business leaders from finance, logistics, technology and professional services joined the mission to Riyadh, Abu Dhabi and Dubai.By showcasing Hong Kong's strengths through business and official exchanges and proactive publicity, the mission deepened economic and trade relations and enhanced cultural exchange between Hong Kong and Saudi Arabia and the United Arab Emirates (UAE), helping Hong Kong attract investment and talent. It also solidified Hong Kong's role as the global gateway to Mainland China and a leading business and investment hub in Asia.The Hong Kong delegation met with senior representatives of government, local Chambers of Commerce, including the Saudi Chinese Business Council, Abu Dhabi Chamber of Commerce & Industry, Invest in Sharjah and Dubai Chambers, the last of which also announced the establishment of a Hong Kong office yesterday.HKTDC Chairman Dr Peter K N Lam said, "The Middle East has an important role to play in driving the global economy and has important strategic significance in supporting the development of the Belt and Road. As Hong Kong reopens to the world, we have lost no time in organising this Hong Kong business delegation to the Middle East, led by the Chief Executive and three principal officials. Apart from presenting Hong Kong's latest incentives and policies to attract investment and talent, we also introduced new opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and encouraged UAE and Saudi companies to take advantage of Hong Kong's investment and business platforms."Dr Lam added, "From our meetings and visits, we saw that Saudi Arabia and the UAE welcome deeper and broader ties with Hong Kong to support their strategic development. I am delighted that many MoUs have been signed across many sectors. These will lay a solid foundation for future long-term cooperation. With our 50 offices around the world, the HKTDC will continue to help businesses open doors and to promote Hong Kong as a global business hub."Apart from over 30 international trade fairs and conferences in Hong Kong, the HKTDC organises large-scale overseas mega promotions, such as Think Business, Think Hong Kong, which will be held in Thailand in July to promote the Hong Kong brand together with the Hong Kong family of organisations.The MoUs signed during this mission include:1. Hong Kong Exchanges and Clearing Limited (HKEX) and Saudi Tadawul Group Holding Company2. SenseTime and King Abdullah Financial District (KAFD) (Letter of Intent)3. Hong Kong General Chamber of Commerce (HKGCC) and Riyadh Chamber4. Templewater Ltd, Bravo Transport Services Ltd and Wisdom Motors (Hong Kong) Ltd and Nesma Holding Ltd5. SenseTime and Sela Company (Letter of Intent)6. Hutchison and King Salman Energy Park (SPARK)7. HKTDC and Dubai Chamber8. Ho & Partners Architects, Negawatt, Masdar City, and The Catalyst9. HKSTP and Sharjah Research Technology & Innovation Park10. Hong Kong Cyberport and Dubai Future Foundation11. HKTDC and Invest in Sharjah12. HKTDC and Abu Dhabi Chamber of Commerce & Industry13. Federation of Hong Kong Industries (FHKI) and Abu Dhabi Chamber of Commerce & IndustryPhoto Download: https://bit.ly/3DY0O2iAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hong Kong and UAE explore collaboration opportunities ACN Newswire

Hong Kong and UAE explore collaboration opportunities

DUBAI, Feb 9, 2023 - (ACN Newswire via SEAPRWire.com) - A delegation of business leaders from the Hong Kong Special Administrative Region (HKSAR), led by the city's Chief Executive and principal officials and organised by the Hong Kong Trade Development Council (HKTDC), is in the United Arab Emirates (UAE) this week to strengthen existing business ties and develop new areas of collaboration in technology, sustainability and smart city development, in addition to traditional sectors of finance and trade.A Memorandum of Understanding (MoU) has been signed between HKTDC and Dubai Chambers.Panel speakers discussed the opportunities for deeper UAE-Hong Kong collaboration at the business forum before a dinner for the Dubai and Hong Kong business communities.With Hong Kong's unrivalled access to China and Asia and the UAE's role as a gateway to the Gulf Cooperation Council (GCC) and European markets, the relationship between the two commercial centres is already providing important benefits to a range of businesses.The arrival of the high-level business delegation, which comprises senior executives from Hong Kong's financial institutions, financial regulators as well as major players in innovation and technology (I&T), sustainability and smart city solutions, will help accelerate the commercial ties between the HKSAR and the Emirates, and support the strategic development of the UAE, Hong Kong and mainland China.The important strategic relationships, which exist between China and the UAE, are based on a shared backing for liberal trade policies, investment in cutting-edge technology, low tax regimes and backing for pro-business regulation.A press conference was held on 8 February in Dubai, followed by a business forum and dinner in the presence of H.E. Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, H.E. Mr Abdul-Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers and H.E. Sultan Bin Sulayem, Chairman of Dubai International Chambers.Hong Kong's Chief Executive Mr John Lee said: "The UAE is Hong Kong's largest trading partner in the Middle East region. We treasure this long-standing relationship, and I believe that we can now take it to a higher level. That's why I'm here, together with these business leaders from Hong Kong - some 30 strong - to tell you that our business and investment doors are wide open and welcoming for UAE companies and investors. For a world of opportunities.""The commercial and political ties between Hong Kong and the UAE are growing ever stronger. It is clear we both approach business in the same way, backing innovation, investing in technology and looking for sustainable solutions. This business mission to the UAE shows the depth of existing commercial relationships and the potential to do a lot more."In response, H.E. Dr Thani bin Ahmed Al-Zeyoudi stressed the strength and durability of the strategic relations between the United Arab Emirates and the People's Republic of China, which are witnessing continuous development, especially in the areas of economics and trade. The forward-looking and visionary leadership of the two countries is building a strong partnership, opening up new opportunities and broadening bilateral economic cooperation.His Excellency added: "Strengthening investment and trade partnerships with Hong Kong supports the strategic cooperation between the UAE and China and contributes to opening new business fields, stimulating communication between the Emirati-Chinese business communities, especially in light of new economic opportunities".His Excellency continued: "The value of foreign trade between the UAE and Hong Kong amounted to about AED32 billion (US$8.7 billion) during the first 9 months of 2022, achieving a growth of 36% compared to the same period in 2021, while Hong Kong was among the top 10 trading partners for the UAE during 2021, with a contribution of more than 2% of the UAE's total non-oil trade."His Excellency indicated that the forum represents an important step in supporting increased trade and enhancing prospects for bilateral cooperation in a wide range of sectors, especially shipping, logistics, the service sector and air transport. It maximises benefits for Emirati companies and their counterparts in Hong Kong.HKTDC Chairman Dr Peter K N Lam mentioned in his opening remarks that "Dubai and Hong Kong are natural partners, when it comes to creating business opportunities. The signing of three MoUs* at our event tonight shows the tremendous potential for deeper collaboration. Creating business opportunities has been the work of the Hong Kong Trade Development Council for over 55 years, and I am pleased to be part of these exciting times."Representing the business community in Dubai, H.E. Abdul-Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: "I am proud to say that the UAE is the largest trading partner for Hong Kong in the Middle East. Non-oil trade between the UAE and Hong Kong reached AED22.2 billion in the first half of 2022, registering 16.2% growth compared to the first half of 2021. With the presence of our new international office in Hong Kong, I look forward to seeing continued collaboration with our Hong Kong counterparts and seeing the relationship between our countries thrive and prosper even more."In the trade delegation, Chief Executive Mr Lee is joined by three principal officials: Deputy Secretary of Justice Mr Horace Cheung, Secretary for Financial Services and Treasury Mr Christopher Hui and Secretary for Commerce and Economic Development Mr Algernon Yau.Other business leaders from Hong Kong and the Emirates also exchanged views at a panel discussion yesterday. Chaired by Mr Yau, panel speakers included Mr Nicolas Aguzin, Chief Executive Officer of Hong Kong Exchanges and Clearing Ltd, Dr Sunny Chai, Chairman of the Federation of Hong Kong Industries and Chairman of the Hong Kong Science & Technology Parks Corporation (HKSTP), Mr Horace Cheung, and H.E. Hussain Al Mahmoudi, Chief Executive Officer of Sharjah Research Technology & Innovation Park (SRTIP) and H.E. Faisal Juma Khalfan Belhoul, Vice Chairman of Dubai International Chamber.* 3 MOUs have been signed between:- HKTDC and Dubai Chamber- Ho & Partners Architects, Negawatt, Masdar City, and The Catalyst- HKSTP and Sharjah Research Technology & Innovation ParkHong Kong: Ready for businessAs a two-way platform between China and the world and as one of the world's top financial centres, Hong Kong has been supporting businesses and investors worldwide to tap into the vast China and Asia market as well as playing a major role in the global financial system with special connectivity to the China market.As part of China, but operating under an international system, Hong Kong provides special access to and from the mainland in the flow of capital, goods, technology and people, as defined in the country's national 14th Five-Year Plan. Hong Kong is also a commercial hub for the Belt and Road Initiative, a global development plan initiated by China, and part of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) - an area in Southern China earmarked by the Chinese government as a powerhouse of capital, I&T and cultural exchange driving the country's development.With the city's common law system, low tax regime, advanced infrastructure and connectivity and a long history as an international trade and business hub, Hong Kong is well-placed to support businesses from all over the world to invest and grow.Recently, the HKSAR Chief Executive announced in his Policy Address 2022 the wide array of incentives and measures to attract international strategic enterprises and investments to Hong Kong, particularly in areas such as life sciences, health technology, artificial intelligence and data science, financial technology, advanced manufacturing and new energy technology.Find out more about Hong Kong:- Hong Kong: general facts https://tinyurl.com/Asias-world-city- Hong Kong as a global financial centre https://tinyurl.com/Financial-Centre- Hong Kong's tech and innovation https://tinyurl.com/Tech-Innovation- Hong Kong as the commercial hub for the Belt and Road Initiative https://tinyurl.com/Belt-and-Road- Hong Kong as part of the Guangdong-Hong Kong-Macao Greater Bay Area https://tinyurl.com/Greater-Bay-Area- Photo Download: https://bit.ly/40LxYMuAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesCredo Communications:Habib Bacha, Tel: +971 (50) 111 3799, Email: habib.bacha@credocomms.comHKTDC:Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC’s four major focus areas create opportunities via Hong Kong ACN Newswire

HKTDC’s four major focus areas create opportunities via Hong Kong

HONG KONG, Jan 19, 2023 - (ACN Newswire via SEAPRWire.com) - As Hong Kong reopens its doors to Mainland China and the world at large, the Hong Kong Trade Development Council (HKTDC) will roll out a full season of global trade fairs and conferences, coupled with a plethora of overseas promotions, to create opportunities for the Hong Kong, Mainland and international business communities.The HKTDC also welcomes the further relaxation of quarantine measures announced by the Hong Kong SAR Government today, and will work together with the Government to attract Mainland Chinese and overseas business people to return to Hong Kong and accelerate Hong Kong's commercial and trade development.HKTDC Chairman Dr Peter K N Lam said: "As travel between Hong Kong and Mainland China and the world has resumed, we are delighted to experience the vitality of our events last week, which welcomed international business leaders from some 100 countries to participate physically and online. Looking ahead, we will align our strategy to support the Hong Kong SAR Government's policies and the 14th Five-Year Plan to reinvigorate the city's economy, and have prepared a full programme of fairs, conferences, overseas promotions and support activities throughout the year, giving full play to Hong Kong's unique advantages of being backed by the motherland and connected to the world. We also aim to reinforce Hong Kong's role as a global business hub and help international, Mainland and local businesses connect and succeed."Having successfully concluded several major events, including the Asian Financial Forum and fairs focused on toys and games, babies, stationery, and wine and spirits that welcomed business people from some 100 countries, the HKTDC's strategy for 2023-2024 will support the Hong Kong SAR Government's policies to strengthen the city's economy and its status as a global business hub, while integrating Hong Kong further into national economic development.HKTDC's 2023-2024 major work focus is as follows:1) Help Hong Kong attract investment and talent by creating opportunities that bring international and Mainland companies to do business via Hong Kong:- With the Hong Kong-Mainland China border reopening, the HKTDC will focus on opportunities arising from the 14th Five-Year Plan;- The HKTDC will leverage Hong Kong's role as an international financial and trading hub to attract global companies to do business through Hong Kong;- To mark the Belt and Road Initiative's 10th anniversary, the HKTDC will enrich the content of this year's Belt and Road Summit;- The HKTDC will promote Hong Kong's role in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) to both the Mainland and overseas markets, with its GoGBA programme and Guangdong-Hong Kong Cooperation Week in May, featuring SmartHK in Guangzhou and ChicHK in Shenzhen as anchor events;- To attract more overseas companies to do business via Hong Kong, the HKTDC will organise overseas missions led by Hong Kong SAR Government officials, and sector-based China Overseas Investment (COI) missions;- We will enrich our deal-making work through our major conferences, including Asian Financial Forum, Belt and Road Summit and other industry events, to facilitate tripartite cooperation between Hong Kong service providers, Mainland investors and overseas project owners.2) Tell Hong Kong stories to overseas business communities by utilising the HKTDC's network of 50 offices worldwide and 47 Hong Kong Business Associations:- The HKTDC will focus on key regions within ASEAN and RCEP;- The long-awaited overseas mega promotion, Think Business, Think Hong Kong, will be held in Thailand in July to promote the Hong Kong brand together with the Hong Kong family of organisations, while other seminars and webinars will be held in other markets around the world;- The HKTDC will organise Hong Kong pavilions at major expos and fairs, such as China International Fair for Trade in Services in Beijing, CIIE in Shanghai, China International Consumer Products Expo in Haikou (Hainan Expo), Consumer Electronics Show in Las Vegas, Nuremberg International Toy Fair and MIDO Eyewear Show in Milan.3) Reinforce pillar industries and develop emerging industries in Hong Kong by promoting key opportunities in tech and innovation, medical and healthcare, and sustainability and integrating these into our pillar industry events:- In addition to supporting year-round sourcing with HKTDC's Exhibition+ model and Click2Match digital service, the HKTDC will consolidate the tech-oriented fairs in April and launch the new Business of Innovation and Technology Week with the new InnoEx, replacing the International ICT Expo. We will also strengthen BIP Asia Forum's focus on IP to help commercialise and expand technology advancements;- An expanded version of International Healthcare Week, integrating the Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair, will be held in May to reinforce Hong Kong's position as a premier medical and healthcare innovation and investment platform;- With Eco Expo as the anchor event, we will expand the promotion of sustainability across other HKTDC platforms by highlighting the theme at major conferences and trade fairs, launching an ESG track under the Transformation Sandbox (T-Box) SME support programme and other platforms; In addition, the ESG track will be featured at major industry events, including Asian Financial Forum, Asian Logistics, Maritime and Aviation Conference and more.4) Support enterprises, especially SMEs and start-ups, with year-round support programmes:- The HKTDC will continue with its Support Scheme for Pursuing Development in the Mainland to help Hong Kong companies operating in the mainland, with T-Box for Hong Kong SMEs, GoGBA platform for Hong Kong and international companies tapping the GBA market, Start-up Express for start-ups as well as with Design Gallery (DG) to promote local brands and designs;- The younger generation will also be able to expand their horizons by joining HKTDC's Trade Ambassador Programme (TAP) to learn about Hong Kong's different industries and opportunities, especially in the GBA.The HKTDC remains committed to connecting businesses with opportunities via Hong Kong, promoting the city's advantages to the global business community and strengthening its role as a world-class business hub, and a two-way investment and trade platform for GBA, ASEAN and RCEP.For details of HKTDC's work focus, please visit: https://aboutus.hktdc.com/en/About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesHKTDC's Communications & Public Affairs Department:Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Director-General of Investment Promotion visits Indonesia and Singapore to promote Hong Kong’s business opportunities ACN Newswire

Director-General of Investment Promotion visits Indonesia and Singapore to promote Hong Kong’s business opportunities

HONG KONG, Jan 9, 2023 - (ACN Newswire via SEAPRWire.com) - The Director-General of Investment Promotion at Invest Hong Kong (InvestHK), Mr Stephen Phillips, today (January 9) embarked on a duty visit to Jakarta, Indonesia, and Singapore this week as part of the latest efforts of InvestHK to promote Hong Kong's business attractions, including the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).Mr Stephen PhillipsDuring the visit, Mr Phillips will be meeting with representatives of companies from financial services and family offices, innovation and technology, transport, infrastructure and advanced manufacturing, creative industries, and business and professional services sectors to discuss their plans of setting up or expanding operations in Hong Kong and other parts of the GBA.Mr Phillips will also host a business roundtable cum luncheon for member companies of the Employers' Association of Indonesia in Jakarta to provide an update on business opportunities and talent initiatives in Hong Kong. In Singapore, he will conduct two roundtables jointly organised with the Good City Foundation and the Association of Small & Medium Enterprises respectively, to share with them the latest initiatives and opportunities of the family offices sector in Hong Kong. Mr Phillips said, "Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single city. This unique convergence makes Hong Kong the irreplaceable connection between the Mainland and the rest of the world. The city is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the GBA, China, and Asia more widely." He added, "Hong Kong offers Indonesian and Singaporean companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the up-to-date and real situation in Hong Kong, and particularly how they can use Hong Kong to seize opportunities, including those arising from the GBA." Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hong Kong Investment Promotion Chief visits Indonesia and Singapore to promote Hong Kong’s business opportunities ACN Newswire

Hong Kong Investment Promotion Chief visits Indonesia and Singapore to promote Hong Kong’s business opportunities

HONG KONG, Jan 9, 2023 - (ACN Newswire via SEAPRWire.com) - The Director-General of Investment Promotion at Invest Hong Kong (InvestHK) of the Government of the Hong Kong Special Administrative Region of the People's Republic of China, Mr Stephen Phillips, today (January 9) embarked on a duty visit to Jakarta, Indonesia, and Singapore this week as part of the latest efforts of InvestHK to promote Hong Kong's business attractions, including the opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).Mr Stephen PhillipsDuring the visit, Mr Phillips will be meeting with representatives of companies from financial services and family offices, innovation and technology, transport, infrastructure and advanced manufacturing, creative industries, and business and professional services sectors to discuss their plans of setting up or expanding operations in Hong Kong and other parts of the GBA.Mr Phillips will also host a business roundtable cum luncheon for member companies of the Employers' Association of Indonesia in Jakarta to provide an update on business opportunities and talent initiatives in Hong Kong. In Singapore, he will conduct two roundtables jointly organised with the Good City Foundation and the Association of Small & Medium Enterprises respectively, to share with them the latest initiatives and opportunities of the family offices sector in Hong Kong.Mr Phillips said, "Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single city. This unique convergence makes Hong Kong the irreplaceable connection between the Mainland and the rest of the world. The city is an ideal location for overseas and Mainland companies, as well as entrepreneurs from around the world, as a base to set up or expand their business in Hong Kong, the GBA, China, and Asia more widely."He added, "Hong Kong offers Indonesian and Singaporean companies a wide range of routes to growth opportunities. I look forward to sharing with representatives of companies and entrepreneurs the up-to-date and real situation in Hong Kong, and particularly how they can use Hong Kong to seize opportunities, including those arising from the GBA." Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC Export Index 4Q22: Hong Kong exports expected to grow 5% in 2023 ACN Newswire

HKTDC Export Index 4Q22: Hong Kong exports expected to grow 5% in 2023

HONG KONG, Dec 15, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) projects that Hong Kong's exports will grow 5% next year - a recovery from the 6% decline this year. HKTDC Director of Research Irina Fan said: "Hong Kong's exports will gradually regain growth momentum amid the receding pandemic, easing of COVID-19 restrictions and resumption of cross-border land transportation."HKTDC Director of Research Irina Fan (R) and Assistant Principal Economist (Greater China) Alice Tsang announced the HKTDC Export Index for the fourth quarter of 2022 and export forecast for 2023 at a press conference today (15 December)HKTDC Director of Research Irina FanHKTDC Assistant Principal Economist (Greater China) Alice TsangThe latest HKTDC Export Index survey shows that significantly more exporters indicated businesses were no longer suffering from pandemic-related problems (up 10.6 percentage points from the previous quarter to 32.7%), with progress made towards resolving the challenge of high transportation costs and logistics bottlenecks.Yet, more respondents said buyers haggled over prices (25.7%, up 9.3 percentage points) and reduced order sizes (40.1%, up 5.0 percentage points). Most respondents said they expected sales next year to decrease (49.4%) or remain on a par with sales this year (28.3%). "Lingering geopolitics, coupled with the risk of global stagflation, has dampened consumer sentiment and business confidence," Ms Fan explained.Recessions risksThe risks of an economic slowdown or recession in major markets (36.2%) and difficulties in cross-border travel (21.1%) have become exporters' key concerns. In response, most said they would develop new products (50.0%), stabilise cash flow (34.6%) and cut costs (30.5%) in the coming year. Other business strategies to be adopted included lowering minimum order quantities, increasing the use of e-commerce for sales and purchases as well as enhancing marketing, promotional or business matching activities."High inflation and high interest rates will weaken purchasing power and consumers' desire in the European and American markets. Meanwhile, the Association of Southeast Asian Nations (ASEAN) has become the bright spot for the city's exports. Local exporters should also pay more attention to the opportunities in the Mainland China market. Product-wise, toys and timepieces related to smart and intellectual property (IP) will have higher chance," Ms Fan said.Sentiment edges downThe HKTDC interviewed some 500 Hong Kong exporters in mid-November for the survey to gauge business confidence about near-term export prospects. Respondents come from six major industries - clothing, electronics, jewellery, machinery, timepieces and toys. Readings above 50 indicate a positive sentiment, while below 50 is negative.The HKTDC Export Index dropped 3.1 points from the previous quarter to 29.7. "The uncertainties led by slowing global demand has affected exporters' sentiments," said HKTDC Assistant Principal Economist (Greater China) Alice Tsang.Machinery, watches outperformMs Tsang added that machinery (38.3, up 3.4 points) was the most upbeat sector, followed by timepieces (36.8, up 3.0 points), while jewellery recorded a sharp fall of 13.4 points to 30.8. Other sectors such as toys (28.9, down 8.1 points) and fashion (23.8, down 7.4 points), also dropped significantly.It is worth nothing that all major markets recorded declines. Exporters have more confidence in Asian countries, with Japan topping the table at 47.2, followed by Mainland China (44.4) and the ASEAN bloc (43.5). They, however, remained less optimistic about the EU (40.4) and the US (40.2) markets, as persistent inflationary pressures and the likelihood of recession were set to hamper demand.Growth in AsiaIn the first 10 months of 2022, Hong Kong's total exports fell 4.4% over the same period last year. This was mainly due to pandemic disruption on cross-border trade flows between Mainland China and Hong Kong. Meanwhile, the city's exports to key major Asian markets saw double-digit growth, as the intra-regional supply chain expanded. For instance, Hong Kong's exports to the ASEAN bloc increased 12.6% year-on-year, while they surged 15.0% and 13.5% to Taiwan and Korea, respectively.However, Hong Kong's exports to the US showed no growth and shipments to the EU fell 2.9% during the same period, as aggressive central bank monetary tightening, high energy and food inflation as well as the lingering Russia-Ukraine conflict dampened consumer and business sentiment.New products, new opportunitiesLooking ahead, it is expected that toys exports will benefit from new 3D live-action games, and other peripheral products derived from film, TV and video games. Household electrical appliance exports will also pick up next year, as many restaurants, hotels and offices resume normal operations.New products, such as robot vacuum cleaners and sound-activated light switches, also appeal to consumers. Moreover, smartwatches with more advanced health and wellness functions, such as electrocardiogram (ECG) sensor and blood oxygen readouts are becoming more popular.To view our press releases in Chinese, please visit http://mediaroom.hktdc.com/tcReferences- HKTDC Research website: http://research.hktdc.com/ - HKTDC Export Index 4Q22: Local Exporter Confidence Falters in Face of Global Economic Slowdown https://bit.ly/3FNwCIz- Covid Legacy and Global Economic Downturn Impact Hong Kong's 2023 Export Outlook https://bit.ly/3FOh7QH- Photo download: https://bit.ly/3FOi7nIAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communication and Public Affairs Department:Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hong Kong SAR Chief Executive shares his vision for Hong Kong with UK business community at virtual dialogue ACN Newswire

Hong Kong SAR Chief Executive shares his vision for Hong Kong with UK business community at virtual dialogue

HONG KONG, Nov 2, 2022 - (ACN Newswire via SEAPRWire.com) - To strengthen the longstanding economic and trade relationship between Hong Kong and the United Kingdom (UK), a virtual dialogue with the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mr John Lee, was held to engage with the business community in the UK on 2 November, hosted by the Hong Kong Trade Development Council (HKTDC).Margaret Fong, HKTDC Executive Director; Dr Peter KN Lam, HKTDC Chairman; John Lee, Chief Executive of the Hong Kong Special Administrative Region and Peter Burnett, Immediate Past Chairman of the British Chamber of Commerce in Hong Kong [L-R]Moderated by the British Chamber of Commerce in Hong Kong Immediate Past Chairman, Mr Peter Burnett, the dialogue served as a unique opportunity for UK businesses to interact with the HKSAR Chief Executive and hear first-hand updates on the latest policy initiatives to strengthen Hong Kong and new opportunities for the international business community, just weeks after the Chief Executive delivered his first Policy Address.In his opening address, Mr. Lee underlined Hong Kong's established strengths and arising opportunities, and what the city can offer to help UK and international businesses take off or expand in Asia. He highlighted the longstanding and enduring business ties between Hong Kong and the UK, "thanks not just to our friendship, but also, very importantly, to our common law legal system, the rule of law and our independent judicial power. Thanks also to our strong support and beliefs for free trade and our strong footholds in professional services".The Chief Executive remarked that the UK is Hong Kong's top trading partner in Europe, while Hong Kong is the UK's second-largest trading partner in Asia. Merchandise trade between the two places in 2021 totalled US$ 17.7 billion, up more than 25% year-on-year.He added that in 2021, more than GBP7 billion merchandise trade between the UK and Mainland China was routed through Hong Kong. "That speaks, loud and clear, of Hong Kong's unique status as the business gateway connecting China with the rest of the world. This enviable role is guaranteed through one country, two systems," he said.While COVID-19 has impacted growth in Hong Kong, Mr Lee stated "it is the economy amidst challenges posed by the pandemic we are planning for now". He emphasised Hong Kong's long-term growth in the national strategies, which include the Belt and Road Initiative, Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and 14th Five-Year Plan. He mentioned HKTDC's ongoing work to set up GoGBA Business Support Centres covering all nine GBA cities in Mainland China to offer business information in both English and Chinese available to all.In his opening remarks, HKTDC Chairman Dr Peter Lam said: "One huge opportunity is the vast Mainland China market, with a focus on the southern part of the country, known as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). It boasts a market of 86 million with a GDP of US$ 1.74 trillion, comparable to that of South Korea and Canada. ASEAN has been a key focus for many international companies. It offers even greater prospects, as new trade cooperation agreements, such as the Regional Comprehensive Economic Partnership (RCEP), come into operation. To capitalise on the many opportunities, Hong Kong is your ideal springboard".The Chief Executive also fielded questions from the UK business community, covering a range of topics, including easing of COVID-19 restrictions, Hong Kong's economic outlook, closer government-business cooperation, talent attraction and more. He underscored the importance of innovation and technology (I&T) to Hong Kong's future, the Northern Metropolis and plans to welcome at least 35,000 targeted professionals to Hong Kong each year.The event attracted more than 600 business leaders, with the majority from the UK. This followed a trip to the UK by Dr Lam and Ms Margaret Fong, HKTDC Executive Director, in October to meet UK business leaders, as part of the HKTDC's initiative to promote business opportunities in Hong Kong to the global business community.Photos Download: https://bit.ly/3h4GEe9About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Sunny Ng, Tel: +852 2584 2357, Email: sunny.sl.ng@hktdc.orgClementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC Chairman in the UK to promote new opportunities through Hong Kong ACN Newswire

HKTDC Chairman in the UK to promote new opportunities through Hong Kong

HONG KONG, Oct 27, 2022 - (ACN Newswire via SEAPRWire.com) - With many UK businesses looking for new areas of growth, Hong Kong's role as a global financial hub and innovation centre is seen as an ideal platform to help them expand, according to Dr Peter KN Lam, Chairman of the Hong Kong Trade Development Council (HKTDC) who is speaking from his UK visit as the Council's latest initiative to promote business opportunities around the globe.HKTDC Chairman Dr Peter KN Lam (2nd L) and Executive Director Margaret Fong (far L) were earlier in London to promote Hong Kong's strength. The picture shows the meeting with Lord Stephen Green of Hurstpierpoint, Chairman, Asia House (2nd R)As Hong Kong continues to welcome more international travellers in the coming months with major events and attractions, Dr Lam and Margaret Fong, Executive Director of HKTDC, have been travelling to some key international markets to update overseas businesses on how Hong Kong can help.Following a visit to Japan in early October, they are currently in the UK to promote new prospects for UK companies and to discuss how they can use Hong Kong as a springboard. Earlier this week, they met with a range of institutions and chambers including Asia House, Hong Kong Association in the UK, the China-Britain Business Council, China Chamber of Commerce in the UK (CCCUK), techUK and UK Sustainable Investment and Finance Association (UKSIF) as well as leading players in finance and healthcare such as Prudential Plc and GlaxoSmithKline.Dr Lam said, "Many businesses in the UK are ready to explore new areas of growth and see Hong Kong's role as a global financial hub being an ideal springboard for them to expand. In fact, Hong Kong as part of the [Guangdong-Hong Kong-Macao] Greater Bay Area (GBA) is more than just a trade and investment hub, we are also a centre for technology, innovation and the creative sectors."Dr Lam described the discussion as fruitful and insightful. "I am greatly encouraged to see the keen interest from the UK business community in Hong Kong and the GBA. As Hong Kong relaxes its pandemic-related travel arrangements and UK businesses are drawing new blueprints for their future, we look forward to welcoming British delegations to see for themselves the tremendous prospects awaiting them."Dr Lam said that many UK companies were reassured that the 'One Country, Two Systems' principle, along with the application of common law in Hong Kong, have been reaffirmed by President Xi Jinping in his speech this July when the city celebrated its 25th anniversary as a special administrative region.To further strengthen Hong Kong's ties with the UK, the HKTDC will be holding a business webinar "Dialogue with the Chief Executive of the HKSAR" on 2 November 2022 featuring Hong Kong's Chief Executive John Lee in dialogue with Peter Burnett, immediate past Chairman of the British Chamber of Commerce in Hong Kong. (click here for more information https://info.hktdc.com/dm/CP2358693/index-hkt-gmt_en.html ). "We cordially invite UK business partners looking for opportunities to join this exciting event to find out more," Dr Lam added. Photo Download: https://bit.ly/3gGwMqYAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Policy Address 2022: Creating a thriving, vibrant Hong Kong through improved governance and economic diversification ACN Newswire

Policy Address 2022: Creating a thriving, vibrant Hong Kong through improved governance and economic diversification

HONG KONG, CHINA, Oct 20, 2022 - (ACN Newswire via SEAPRWire.com) - 19 October 2022, HKSAR Chief Executive John Lee today unveiled his first Policy Address, mapping out a bold, comprehensive five-year blueprint for strengthening Hong Kong's competitiveness by building on the city's unique advantages and capturing new growth opportunities. This comes against the backdrop of China's 20th Party Congress, which opened on 16 October. In his opening address, President Xi Jinping highlighted the crucial role of Hong Kong as he charted China's direction over the next five years, addressing the need to safeguard national security and pursue talent and innovation to give new momentum to development. In line with the "four proposals" put forward by President Xi, the Chief Executive emphasized the importance of delivering on the sixth-term HKSAR Government's focus areas of injecting impetus into economic growth and tackling deep-seated social issues, while enhancing the level of governance and safeguarding social harmony and stability. "With these goals in mind, today's Policy Address included a wide array of policies for economic transformation and social welfare in the short, medium, and long term, which will be welcomed by businesses and citizens in Hong Kong," says Deloitte China Southern Region Managing Partner Edward Au. "The Chief Executive also signaled a focus on enhancing governance capacity and efficacy through a results-oriented approach, tasking top officials to lead key initiatives, and establishing clear KPIs and mechanisms to review progress. This shows the Government's resolve to reform its organizational culture by putting governance at the core of policy making and implementation."Attracting and developing talentThe Policy Address included a raft of measures on talent, including the launch of the Top Talent Pass Scheme, creation of a Talent Service Unit to be led by the Chief Secretary for Administration, extension of stay for work visas, and enhancements to the Technology Talent Admission Scheme, making it clear that the HKSAR Government views talent as a top priority. The Top Talent Pass Scheme will enhance Hong Kong's competitiveness in attracting mature global talent. The Government could also consider policies to attract technical scholars and overseas STEAM students, including subsidies, tax incentives, and simplified visa application procedures.Talent retention and integration are equally crucial. We hope the HKSAR Government will consider support for medical care, housing, and children's education to help global talent integrate better into Hong Kong. For balance and social cohesion, the Government could also create new opportunities for local students and talent through internships and further studies. The Policy Address mentioned that within next five years, 35% of students at universities funded by the University Grants Committee (UGC) should be studying STEAM subjects and 60% studying subjects related to developing Hong Kong into the "eight centers" under China's 14th Five-Year Plan. As global demand and the required skills for talent are constantly evolving, the Government should work with UGC universities to ensure Hong Kong talent remains competitive and meets ever-changing market needs.Innovation & Technology as growth driversTo promote the development of "eight centers" in Hong Kong as outlined in the 14th Five-Year Plan, the Policy Address set out strategic plans to boost the growth of finance, technology, and the arts in Hong Kong, with a view to injecting vitality into the local economy. Re-industrialization and R&D commercialization initiatives, including the expansion of the Innovation & Technology (I&T) funding program and incentives for I&T companies to establish headquarters in Hong Kong, will enhance the growth of the local I&T ecosystem and encourage closer cooperation between industry, academia, and the research sector.With the Northern Metropolis and Hong Kong-Shenzhen Innovation & Technology Park, Hong Kong is repositioning itself as an international I&T hub to drive growth in parallel with its long-established financial hub. Looking ahead, we would like to see cross-border connectivity and support strengthened to better integrate Hong Kong startups into GBA networks, particularly in legal advisory and professional services for startups seeking expansion.Diversification of capital marketsWe welcome the proposed revitalization of GEM and a listing regime for pre-earnings and/or pre-revenue large-scale advanced technology enterprises. This will form a more diverse, effective multi-tier platform for companies' funding needs in different stages, and further Hong Kong's I&T ecosystem. To further enhance efficiency and effectiveness, and maintain Hong Kong's leadership as an international listing venue, Hong Kong should deploy technology continuously to transform market infrastructure like the upcoming IPO settlement modernization.We also hope the Government will consider more tax and other initiatives to further promote the bond market and enhance market infrastructure, liquidity, and investor diversity, given the bond market is also key to Hong Kong's status as an international financial center and the goal of building Hong Kong into a regional hub for sustainable finance. Boosting green finance Hong Kong is in a unique position to develop a robust carbon credit standard and trading platform of high integrity, to achieve recognition from international and Mainland markets. In keeping with international trends, Hong Kong could continue to strengthen disclosure requirements on climate risks, net zero targets, and ESG.As an international green finance hub, the Government could consider further incentives in relation to the cost of raising green funds. Hong Kong could also accelerate the development of carbon exchange and deploy existing channels, such as Bond Connect and Stock Connect, to bring in international investors to the Mainland, and connect Mainland investors with international markets. Enhancing Hong Kong's tax competitivenessWe are pleased to see the Government introduce tax measures to attract talent and investment, such as the refund of extra stamp duty to eligible incoming talents, family office tax incentive, and enhancement of preferential aircraft leasing. We look forward to proposals on tax measures to attract high-potential and representative strategic enterprises to Hong Kong. To enhance tax competitiveness, the Government could consider offering tax relief for intellectual property income, relaxed tax deductions on R&D spending, and reducing stamp duty on stock transfers to its original level to attract overseas company listings. Striving toward carbon neutralityWe welcome the continued commitments to halving emissions before 2035 and carbon neutrality before 2050. To achieve this, all the infrastructure developments in the Policy Address should take account of the city's decarbonization targets, with in-built pathways to net-zero that make all development green development. Hong Kong should use the best possible carbon accounting standards and metrics, and ensure that business and finance also use leading climate risk monitoring, reporting, and verification measures. This will enhance its role as a regional center for green technology, green finance, and carbon markets. Alongside production-based carbon accounting, Hong Kong, which depends almost entirely on imports of food, consumer goods, energy, equipment, and raw materials, could consider preparing statistics on consumption-based emissions. Better information on this embodied carbon can encourage responsible consumption and complement plans to boost local agriculture.Regulatory challenges brought by new technological developmentsWe support measures to facilitate cross border technological collaboration, including the introduction of a new regulatory regime for virtual assets, studying the feasibility of a regime for stablecoins, and reinforcing the protection of intellectual property rights. To further support innovation, we hope the Government could continue to review possible regulatory issues arising from new fintech developments, including streamlining the regulatory framework to address complex legal issues around activities in the Metaverse, and developing specific data ethics rules and guidance for the use of artificial intelligence (AI) and cloud computing.About Deloitte ChinaDeloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China's reform, opening-up and economic development. We are a globally connected and deeply locally-rooted firm, owned by its partners in China. With over 20,000 professionals across 30 Chinese cities, we provide our clients with a one-stop shop offering world-leading audit & assurance, consulting, financial advisory, risk advisory, business advisory and tax services. We serve with integrity, uphold quality, and strive to innovate. With our professional excellence, insight across industries, and intelligent technology solutions, we help clients and partners from many sectors seize opportunities, tackle challenges, and attain world-class, high-quality development goals.The Deloitte brand originated in 1845, and its name in Chinese denotes integrity, diligence and excellence. Deloitte's professional network of member firms now spans more than 150 countries and territories. Through our mission to make an impact that matters, we help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society, and a sustainable world.About DeloitteDeloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region.Please see www.deloitte.com/about to learn more.DisclaimerThis communication contains general information only, and none of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms or their related entities (collectively, the "Deloitte organization") is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities. 2022. For more information, please contact Deloitte China.Contact: Ashley LeungTel: +852 2109 5261Email: asleung@deloitte.com.hkContact: Lyanna ChanTel: +852 2238 7111Email: lyachan@deloitte.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Communications Association of Hong Kong supports the new initiatives on telecommunications industry in the Chief Executive’s 2022 Policy Address ACN Newswire

Communications Association of Hong Kong supports the new initiatives on telecommunications industry in the Chief Executive’s 2022 Policy Address

HONG KONG, Oct 19, 2022 - (ACN Newswire via SEAPRWire.com) - Communications Association of Hong Kong (CAHK) fully supports the Chief Executive's 2022 Policy Address, in particular Hong Kong I&T Development Blueprint in the chapter on "International Innovation and Technology Centre", focusing on industries such as life and health technology, artificial intelligence and data science, as well as advanced manufacturing and new energy technology. We welcome the Hong Kong SAR Government's planning in the four specific areas: (1) to improve the I&T ecosystem and achieve "re-industrialization" in Hong Kong; (2) to enlarge the I&T talent pool to create strong impetus for growth; (3) to develop Hong Kong into a smart city to improve the quality of life of our people; and (4) to proactively integrate into the overall development of the country and consolidate Hong Kong's advantages as an international city. We are pleased to see that the Government has accepted the proposal to expand the 5G network, and will further amend the legislation next year to ensure that appropriate space will be made available in new buildings for installation of mobile communication facilities. The initiative will facilitate the telecommunications industry on their architectural blueprint development of 5G network, and will also steer the direction for the development of application solutions including finance, retail, education, and art. The 2022 Policy Address proposes to attract leading I&T talents around the globe. By collaborating with the Office for Attracting Strategic Enterprises (OASES), the Government will provide special facilitation measures in a targeted manner to attract top-notch I&T talents to come with their businesses or R&D achievements. This initiative will help to resolve the current serious shortage of talents, and in the long term to provide the talent pool for high-potential industries. We believe that these initiatives will help Hong Kong ICT industry to compete effectively with the neighbouring countries and regions; provide support for the development of I&T; and accelerate our digital transformation. About Communications Association of Hong Kong CAHK is a non-profit making organisation incorporated in Hong Kong on 27 May 1983 following the announcement of deregulation of local communication products and services. It is the association for Hong Kong's communications industries, with responsibilities across broadcasting, wireline and wireless communications, and other sectors in information communications technology. For more information, please visit: www.cahk.hk This press release is distributed by Communications Association of Hong Kong. For enquiries, please contact: Communications Association of Hong Kong Mrs. Irene Kwok, Manager Tel: (852) 2504 2732 Fax: (852) 2504 2752 Email: info@cahk.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC welcomes ground-breaking measures in 2022 Policy Address ACN Newswire

HKTDC welcomes ground-breaking measures in 2022 Policy Address

HONG KONG, Oct 19, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) welcomes the Policy Address announced by the Hong Kong Special Administrative Region (HKSAR) Chief Executive John Lee Ka-chiu today, and believes the proposed ground-breaking and wide-ranging policies can help drive Hong Kong's long-term development while resolving some of its pressing issues.Dr Peter KN Lam, Chairman, Hong Kong Trade Development Council said, "The Policy Address clearly sets forth strategic priorities to ensure Hong Kong's growth by defining the city's role in supporting and leveraging the development of the mainland, especially the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) while contributing to global initiatives in innovation and technology, healthcare and environmental protection. The new structures and resources in coordinating infrastructure, economic, social and youth development as well as sector synergy will also create sustained momentum for Hong Kong. At the same time, policies to support SMEs, attract talent, encourage investment and tackle social issues will help resolve some of the immediate problems we are facing."I am particularly pleased that the Chief Executive has taken into account the suggestions of the business community on supporting SMEs and revitalising Hong Kong's position as an international trade fair and convention capital." Dr Lam added. These include the expansion of exhibition space and the extension of the "Convention and Exhibition Industry Subsidy Scheme to the end of June 2023. Hong Kong companies will also benefit from the higher level of government funding support in the "Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund)" and the "SME Export Marketing Fund," the latter also includes an extension of special measures covering virtual fairs and local consumer fairs and expansion of eligibility to cover non-SMEs. Dr Lam also welcomes the new support scheme to attract other exhibitions to be staged in Hong Kong over three years.Dr Lam also welcomed policies to boost the growth of specific sectors such as technology and innovation, art and culture and intellectual property (IP) to help diversify Hong Kong's economy while opening up opportunities, especially in the GBA and mainland market and Belt and Road countries."Our full range of fairs, conferences and programmes are ready to support Hong Kong's economic sectors, from finance, aviation and logistics, legal services to technology and innovation, art and culture and IP, for which our Business of Intellectual Property Asia Forum (BIP Asia) and Asia IP Exchange portal will support Hong Kong's development into a regional IP trading and commercialisation hub. In addition, we will work with the Hong Kong SAR Government and Hong Kong family of organisations to promote Hong Kong's strengths overseas. Through our global network of 50 offices, support programmes such as GoGBA, and major international promotional events such as Think Business, Think Hong Kong, we will promote Hong Kong to the world and create opportunities for the local, mainland and global business community."About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.Media enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC launches GoGBA Day ACN Newswire

HKTDC launches GoGBA Day

HONG KONG, Sep 23, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) and the Guangdong-Hong Kong-Macao Greater Bay Area Development Office co-organised the inaugural GoGBA Day yesterday (22 September). This business support event aims to engage members of the international business community in Hong Kong that are currently underserved in terms of up-to-date business information on the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The physical part of the hybrid on-site/online event was held at the HKTDC SME Centre at the Hong Kong Convention and Exhibition Centre.The GoGBA Day was launched yesterday (22 September) at the HKTDC SME Centre. The event began with welcome remarks from HKTDC Executive Director Margaret Fong (fourth from left, front row), followed by speeches delivered by honourable speakers.GoGBA WeChat mini programme (QR Code)The half-day event featured a series of seminars offering practical business tips and updates on the latest developments in the GBA to prepare international enterprises to "go GBA" via Hong Kong. The event received an overwhelming response with more than 160 participants attending the seminars at the venue while 260 participants joined the online webinar. At the same time, 65 business advisory sessions and one-on-one consultation meetings were arranged for 47 companies at the venue to facilitate business partnerships and opportunities.The joint seminars welcomed officials from various authorities in the GBA, along with industry leaders and market experts from banking and other sectors, to share their insights and business know-how with international medium-sized enterprises and start-ups, helping them get equipped to set up business and succeed in the GBA via the Hong Kong platform. A wide range of topics was discussed, including the business landscape in the GBA and key incentives and subsidies for start-ups and businesses in the areas of tax, banking and investment.Welcoming participants to the event, HKTDC Executive Director Margaret Fong said: "The GBA plan attracts attention not only because the GBA has China's highest GDP at US$1.96 trillion, but it offers basically everything a business needs to grow, from the international financial hub of Hong Kong and the world-class manufacturing centres across Guangdong, to the advanced innovation and tech clusters across the region - not to mention a huge market of 86 million people and a stepping stone to the vast Mainland China market."Ms Fong continued: "We launched our GoGBA support programme last year to help businesses navigate the GBA through Hong Kong by offering information, advisory support and networking and marketing platforms. The GoGBA Day is a highlight of our programme, bringing together the Hong Kong family of organisations under one roof to introduce their GBA support programmes and services, enabling us to hold a GBA event specifically for the international business community for the first time. We hope to give them not only an overview of the latest GBA developments, but also offer practical information to help them make decisions and take action."Officials explain GBA business landscape, supporting initiatives and keys to successTommy Yuen, Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, said: "The GBA is more than a key national development strategy under China's reform and opening up. It is also marked a further step towards enriching One Country, Two Systems and promoting coordinated economic development that can turn the region into a world-class area for living, working and travelling. New measures are continually being implemented, including steps to encourage the development of private equity and venture capital funds in Qianhai and improving land boundary crossing facilities to enhance talent mobility between Hong Kong and GBA cities. In the coming decade, the GBA is set to become the world's most vibrant and rapidly growing economic region."Jimmy Chiang, Associate Director-General of Investment Promotion (Business Development) of Invest Hong Kong, said: "President Xi Jinping has emphasised the importance of leveraging and strengthening Hong Kong's unique advantages as an international financial, shipping and trading centre, as well as its convenient links to international markets. The 14th Five-Year Plan also highlighted the country's support for Hong Kong in traditional industries as well as four emerging areas, including aviation, innovation and technology, intellectual property trading and international cultural exchange. These specific sectors will see more development opportunities in Hong Kong, and the GBA's growth will create many attractive opportunities for international companies."Kenneth Wong, General Manager, MICE & Cruise, Europe, Hong Kong Tourism Board, said: "The Hong Kong Tourism Board has developed a tourism recovery framework to aid in the recovery, reopening and rebranding of Hong Kong's tourism industry. We devised a number of publicity and promotion campaigns to maintain Hong Kong's visibility during the pandemic and to facilitate tourism as well as MICE recovery. This includes bringing back large-scale international events and establishing a dedicated team to provide MICE organisers with one-stop support. Hong Kong can connect international visitors to the GBA's tremendous business opportunities, generate attendance for organisers, facilitate professional visits and excursions to other GBA cities."Raymond Yip, Chief Liaison Officer of the Guangzhou Nansha Service Centre in Hong Kong, said: "The Central Government hopes that Nansha, with its strategic location at the heart of 10 GBA cities, will become a cooperation and collaboration hub for the GBA. Nansha has a broad and diverse industry base with advanced manufacturing, as well as a state-level science and technology forum. With no fewer than 20 policy measures for Hong Kong and Macao, including allowing people from Hong Kong, including foreigners, to pay Hong Kong taxes, Nansha is set to open up a larger hinterland for Hong Kong."Witman Hung, Principal Liaison Officer for the Hong Kong, Shenzhen Qianhai Authority, said: "Qianhai has always been a pilot zone to help China open up and deepen its reforms. Promoting and facilitating collaboration between Hong Kong and Shenzhen is high on our priority list. For example, we have incubated 335 Hong Kong start-ups and assisted the city's professionals such as lawyers, engineers and architects in entering the mainland market. Recently, the Qianhai Authority and the Hong Kong government announced 18 new measures aimed at encouraging venture capital and private equity to enter China via Qianhai and Hong Kong. Hong Kong-based companies will be able to use Qianhai as a shopfront to provide professional services to the rest of the GBA and Mainland China."Vivian Cheung, Executive Director, Airport Operations, Hong Kong International Airport, said: "We have been expanding the capacity and functionality of Hong Kong International Airport in preparation for the resumption of international travel and business. The SKYCITY development is at the heart of this, featuring a new 3.8 million sq ft complex, with recreational facilities and three new office towers. New hotels will also be built and we are revamping services to provide better travel and transit experiences for passengers. Furthermore, we are transforming AsiaWorld-Expo into a 20,000-seat arena, adding new passenger and cargo handling facilities and constructing new infrastructure to make it easier for Hong Kong to connect with the GBA."Background to the Guangdong-Hong Kong-Macao Greater Bay AreaThe Guangdong-Hong Kong-Macao Greater Bay Area (GBA) promotes Hong Kong's integration into Mainland China's national development by accelerating the socio-economic integration of Guangdong, Hong Kong and Macao. Hong Kong has been designated as an international financial, shipping, trade and aviation hub, a global offshore renminbi business hub and an international centre for asset management and risk management. As a value-added financial, trading, logistics and professional services centre, supporting technology and innovation, Hong Kong is also a centre for international legal and dispute resolution in Asia-Pacific.HKTDC's array of services support enterprises entering the GBAOver the years, the HKTDC has worked hard to facilitate cooperation between Guangdong and Hong Kong. To support companies in doing business in the GBA, the HKTDC shares useful official information on regulations, procedures and networks through its GoGBA website ( https://www.go-gba.com/en/ ) and WeChat mini-programme, the latter also offering tools such as public health updates, maps, transportation guides and a day counter for individual income tax purposes. As of mid-September 2022, more than 506,700 views of the HKTDC's GoGBA digital platforms had been recorded.On the ground, the HKTDC has established the HKTDC GBA Service Centre in Shenzhen to provide local and international enterprises from Hong Kong with consultation services, industry-related updates and business matching. The Service Centre has so far organised more than 70 activities, with about 3,000 Hong Kong enterprises using its services. Working together with mainland partners, the HKTDC has also set up GoGBA Business Support Centres in Qianhai (Shenzhen), Nansha (Guangzhou), Hengqin (Zhuhai), Dongguan and Zhongshan, with Foshan being added later this year, to provide Hong Kong enterprises with policy and market consultation services.In addition, the HKTDC's Transformation Sandbox (T-box) programme will extend its services from Hong Kong to Shenzhen and other cities in the GBA. Together with its Digital Academy and E-Tailing Academy, the HKTDC will provide advisory workshops related to e-commerce and digital business as well as marketing solutions and other digital platforms.The GBA presents enormous opportunities for businesses from Hong Kong and around the world and the HKTDC will continue to devote efforts to support local and international enterprises in the city, helping them seize business opportunities in the GBA and other mainland markets through its network of 13 offices in the mainland. It also plans to organise the Hong Kong-Guangdong Co-operation Week this year, including the annual SmartHK and Chic HK flagship events in Shenzhen and Guangzhou, along with a series of roadshows related to financial management, legal services, infrastructure development and real estate, as well as participating in key trade fairs in the mainland.GoGBA WeChat mini programme (QR Code)HKTDC SME CentreTel: +852 1830 668Fax: +852 3693 4938E-mail: smecentre@hktdc.orgAddress: Ground Level, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan Chai, Hong KongHKTDC GBA CentreTel: 0755-82280112Fax: 0755-82280114E-mail: shenzhen.office@hktdc.orgAddress: Unit 2405-06, Jindi Centre, Shennan Road 2007, Futian District, ShenzhenGoGBA Day Website: https://go-gba.com/en/gogbaday.html"Greater Bay Area, Great Future" promotional video (provided by the Guangdong-Hong Kong-Macao Greater Bay Area Development Office): https://www.bayarea.gov.hk/en/stories/videos.htmlMore about the Guangdong-Hong Kong-Macao Greater Bay Area https://hkmb.hktdc.com/en/guangdong-hongkong-macao-greater-bay-areaPhoto download: https://bit.ly/3UyJSpUAbout HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communications & Public Affairs Department:Kate Chan, Tel: +852 2584 4239, Email: kate.hy.chan@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC and Huatai International launch strategic partnership ACN Newswire

HKTDC and Huatai International launch strategic partnership

HONG KONG, Aug 16, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council ("HKTDC") and Huatai International Financial Holdings Company Limited ("Huatai") have unveiled a new one year strategic partnership to jointly promote the Dual Circulation Strategy laid down in China's 14th Five-Year Plan. The two parties aim to achieve three key objectives: 1) Complement the strategy by helping Mainland China enterprises go global, while attracting foreign investment into the domestic market, such as Guangdong-Hong Kong-Macao Greater Bay Area (GBA), thereby achieving a triple-win outcome for the project owners, investors and the Hong Kong service providers and advisers; 2) Reinforce and promote Hong Kong as an effective platform for mainland enterprises to invest overseas; and 3) Create strong synergy through the integration of the two parties' business platforms and investor and resource networks.Dr Patrick Lau (L), HKTDC Deputy Executive Director, and Levin Wang (R), CEO of Huatai Financial Holdings (Hong Kong) Limited, unveiled the new strategic partnership between the HKTDC and Huatai.Dr Patrick Lau, HKTDC Deputy Executive Director, said: "Hong Kong is not only a trading hub, but also an international investment hub. Our success in deal-making showcases the best of Hong Kong's ecosystem by providing all-round professional and finance services to Mainland China and the Asia region, facilitating part of the country's objectives of the Dual Circulation Strategy. Huatai Securities is one of the top securities houses in Mainland China, with Huatai International being its international business platform with financial expertise and capable teams in corporate finance. Therefore, it will be an ideal partner for HKTDC to achieve our objectives. I believe Hong Kong's dealmaker role is one way to make better use of Hong Kong's advantages to help not only mainland enterprises, but also create opportunities for Hong Kong and international firms, investors and project owners under today's complex international environment."Levin Wang, CEO of Huatai Financial Holdings (Hong Kong) Limited, said: "As a statutory body of the Hong Kong Special Administrative Region Government with a global network, the HKTDC is an important conduit for Hong Kong's services industry to demonstrate its strengths and capabilities to the world. Huatai International is an important platform of Huatai Securities to develop overseas business. As a leading securities house with advantages in fintech, we provide high-quality, innovative and competitive financial products and services to our global clients. We are delighted to join hands with the HKTDC to demonstrate the strength of Chinese financial institutions in the international capital market, with the help of the HKTDC's wide networks, and contribute to consolidating Hong Kong's status as a financial centre."To help enterprises seize opportunities in the GBA, which is a strategic national development initiative, the HKTDC is preparing to host the SmartHK event to promote Hong Kong's services sectors to mainland enterprises in Guangzhou, with Huatai as the Greater Bay Area business matching and investment partner. A senior representative from Huatai will join other star speakers to examine the collaboration opportunities and challenges awaiting Hong Kong and other GBA cities in the areas of finance, transportation, trade, aviation and innovation and technology (I&T).In addition to seminars, SmartHK will feature a service consulting area to provide business-matching services for Hong Kong's professional service providers, research institutions and start-ups. The area will help them connect with mainland enterprises in the GBA to promote Hong Kong's financial, I&T and creative servicesand products. Huatai will set up a booth at SmartHK to foster stronger ties with participating mainland enterprises and provide pragmatic advice and diversified solutions for investment sourcing, financing arrangements, asset and risk management and other business requirements. Additionally, Huatai will help companies leverage different financial strategies to allocate assets or raise capital in order to expand their presence in the GBA and other domestic and overseas markets.In the past five years, Huatai's total assets and revenue expanded 10-fold and nearly 30-fold respectively, while its number of staff doubled, making it the fastest-growing Chinese securities firm in recent years. As fintech expands into more application scenarios, Huatai has adhered to the group company's technology empowerment strategy and launched a one-stop global wealth management platform - the Zhangle Global app. Drawing on advanced technology, the app combines a brokerage service with wealth management and uses open architecture to empower local small and medium-sized securities firms, making Huatai a leader in fintech development in Hong Kong.Huatai will also participate in HKTDC-organised business matching activities that are organised periodically in the mainland for the benefit of Hong Kong's services industry. These activities include financial services or cross-border investment missions, fundraising roundtables and "Hong Kong Team" missions. The aim is to provide practical advice and support to facilitate mainland enterprises' internationalisation, fundraising and business-expansion needs.To date, Huatai has been invited by the HKTDC to join year-round deal-making and networking events, where Huatai explains to mainland enterprises the strengths of Hong Kong's financial services, including its comprehensive range of financial products, deep pool of financial talent, free capital markets and simple tax system. This enables mainland enterprises to better understand the benefits of using Hong Kong as a springboard for going global, including reducing overall costs, improving operational efficiency, capturing business opportunities in the international market and consolidating Hong Kong's position as an ideal fundraising platform for mainland enterprises under the 14th Five-Year Plan.Among these events, the Hong Kong-Hubei Virtual Fundraising Roundtable, organised by the HKTDC, successfully organised 60 one-to-one business matching sessions between 25 mainland enterprises and 10 Hong Kong professional services providers. During the event, the HKTDC connected Huatai with mainland companies with fundraising needs from various sectors, including biotech, healthcare, new media, consumer staples and more. Huatai also held online matching meetings with several mainland enterprises and reached preliminary intent to cooperate.Photo download: https://bit.ly/3JUeeOFAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.About Huatai InternationalHuatai International Financial Holdings Company Limited ("Huatai International") is a wholly owned subsidiary and overseas business platform of Huatai Securities Co., Limited (601688.SH and 6886.HK) (the "Group" or the "the parent company" or "HTSC"). Huatai International operates its Hong Kong business via its wholly owned subsidiary Huatai Financial Holdings (Hong Kong) Limited ("Huatai Financial")which holds the SFC licence to carry out type 1, 2, 4, 6 and 9 regulated activities. It also carries out the US wealth management business via AssetMark and the US investment banking business via Huatai Securities (USA). Because of its strong capital base, excellent business operations, and mature risk management, the Standard & Poor's credit rating of BBB+ for long-term issuer and A-2 for short-term issuer were assigned to Huatai International[1], which shows the group's well-recognized international business development by the international market.[1] November 2021: https://tinyurl.com/mstuvk9Media enquiriesHong Kong Trade Development CouncilJanet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.orgHuatai International Financial Holdings Company LimitedSidney Leng, Tel: +852 3161 3541, Email: sidneyleng@htsc.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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HKTDC welcomes measures to ease quarantine restrictions ACN Newswire

HKTDC welcomes measures to ease quarantine restrictions

HONG KONG, Aug 8, 2022 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong SAR (HKSAR) Government's relaxation of entry quarantine measures, which will have a positive impact on Hong Kong's economic recovery and strengthen the city's international competitiveness. The HKTDC has been supporting Hong Kong's small-to-medium enterprises (SMEs) and with the latest easing of quarantine measures, has set five key strategies to help SMEs capture business opportunities.Dr Peter KN Lam, Chairman, Hong Kong Trade Development Council, said, "The new HKSAR Government brings new hope to the people of Hong Kong. We welcome the HKSAR Government's announcement to ease quarantine measures which strike a balance between public health and economic recovery. I believe this latest development sends a positive signal to the global community and will help drive Hong Kong's economic momentum and strengthen the city's international competitiveness."As President Xi Jinping had said, Hong Kong should ride on its unique advantage as an international connector with the support of the mainland behind it. I am grateful for the support of the Central Government for Hong Kong. By aligning the HKTDC's five key strategies with the mainland's 14th Five-Year Plan and the HKSAR Government's policies, we can help our SMEs and start-ups turn crisis into opportunity and create prospects for our young people."HKTDC's five key strategies for 2022/23 are as follows:1. Promote sustainable development, innovation & technology and wellness - The HKTDC will organise industry fairs and conferences to promote Hong Kong's achievements and strengths in sustainability, innovation and technology, as well as medical and wellness industries. These elements will be featured across our major international industry events, with matchmaking for projects from the above sectors to promote commercialisation and investment opportunities for global business as well as SMEs. Relevant conferences and exhibitions include the Asia Summit on Global Health (10-11 November, 2022) the Asian Financial Forum, Asian Logistics, Maritime and Aviation Conference, Hong Kong Electronics Fair (Autumn Edition), and Eco Expo Asia, among others.2. Promote emerging industries and create synergy with traditional industries - The HKTDC will promote Hong Kong's strengths in emerging industries, including medicine and healthcare, innovation and technology, creative and cultural industries and environmental industries, while creating synergy with the city's core pillar industries, such as finance, logistics, intellectual property and manufacturing. For example, these platforms can match R&D technology with enterprises or match creative sectors with traditional manufacturers. The newly launched "Exhibition Plus" digital service also enables buyers and sellers worldwide source effectively through seamless online and offline connection and matching, and ample opportunity for interaction before and after trade fairs.3. Facilitate Hong Kong businesses in exploring markets - The Mainland China market, especially the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is our key focus. The HKTDC launched the GoGBA one-stop platform in 2021 and the "Support Scheme for Pursuing Development in the Mainland" in April 2022 to help Hong Kong businesses address pain points when entering or operating in Mainland China respectively. For companies tapping into overseas markets, we support them with a focus on Regional Comprehensive Economic Partnership (RCEP) markets (covering Hong Kong's major trading partners, such as ASEAN, Japan and Korea) and mature markets, such as Australia and New Zealand, with whom Hong Kong has established Free Trade Agreements. Through events, such as the Belt and Road Summit in August and through the HKTDC's network of 50 offices around the world, we actively work with governments, business communities and enterprises to promote and reinforce Hong Kong's position as an international business hub.4. Strengthen support for SMEs and start-ups in Hong Kong, including making use of government funding - We support SMEs and start-ups by providing information, large-scale online and offline events and promotion platforms, as well as training programmes, such as Start-up Express for start-ups, Transformation Sandbox (T-Box) for SMEs and GoGBA for companies entering the GBA. The HKTDC also works closely with the HKSAR Government to enhance government funding schemes, including the SME Export Marketing Fund (EMF), Convention and Exhibitions Subsidy Scheme (C&E), the Branding, Upgrading and Domestic Sales (BUD Fund) and the Technology Voucher Programme (TVP).5. Align with two priorities of the new HKSAR Government: (i) promote Hong Kong as a platform for cultural exchange and (ii) enable development opportunities for youth - (i) The HKTDC will promote Hong Kong as a hub for cultural exchange between Mainland China and the world and create business opportunities for the cultural and creative industries through our exhibitions and promotions. (ii) The HKTDC will also focus on promoting collaboration between business and youth organisations by using our industry platforms. Our Trade Ambassador Programme (TAP) offers Hong Kong young people opportunities for exchange, learning and participation at international events, such as the Belt and Summit (August 2022), which will include a thematic forum focusing on young entrepreneurs to promote entrepreneurship. By creating opportunities, the HKTDC hopes to create opportunities for young people to contribute to Hong Kong and the mainland.Since the beginning of 2022, the HKTDC has held 13 exhibitions and conferences. The Hong Kong Book Fair in July was a highlight, recording 850,000 visitors. This was followed by two jewellery fairs and the new Simply Shopping Fest, which opened up local retail opportunities for exhibitors. This Thursday (11-15 August) will see the Food Expo and concurrent tea, home and beauty and wellness fairs generating more opportunities. In 2021/2022, the HKTDC organised 37 physical, online and mixed mode events, including trade fairs and conferences and public fairs. More than 8,800 local and overseas exhibitors, 488,000 trade buyers and conference participants and over 1.6 million members of the public joined these events.About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Sunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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32nd HKTDC Hong Kong Book Fair, 5th Sports and Leisure Expo and 2nd World of Snacks open to the public today ACN Newswire

32nd HKTDC Hong Kong Book Fair, 5th Sports and Leisure Expo and 2nd World of Snacks open to the public today

HONG KONG, Jul 20, 2022 - (ACN Newswire via SEAPRWire.com) - The 32nd HKTDC Hong Kong Book Fair, organised by the Hong Kong Trade Development Council (HKTDC), begins today at the Hong Kong Convention and Exhibition Centre (HKCEC) and runs until 26 July. Running in tandem with the Book Fair are the 5th HKTDC Hong Kong Sports and Leisure Expo and 2nd HKTDC World of Snacks. Together, they are host to more than 700 exhibitors. Officiating at today's opening ceremony for the three events was John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), along with Dr Peter K N Lam, Chairman of the HKTDC, and Margaret Fong, Executive Director of the HKTDC.John Lee (front row, centre), Chief Executive of the Hong Kong Special Administrative Region, officiated at today's opening ceremony for the 2022 HKTDC Hong Kong Book Fair along with Dr Peter K N Lam (front row, R), Chairman of the HKTDC, and Margaret Fong (front row, L), Executive Director of the HKTDC.Hong Kong's literature lovers eagerly awaited the opening of the Book Fair in the hope of buying their favourite books and discovering new reading adventures.The second edition of World of Snacks presents a global selection of tasty treats.As one of the events celebrating the 25th anniversary of the establishment of the HKSAR, this year's Book Fair, under the theme "History and City Literature" and with the tagline "Reading the World: Stories of Hong Kong", has gathered numerous acclaimed writers and will host more than 600 seminars and cultural activities at the HKCEC and across the city to celebrate the joy of reading.Dr Peter K N Lam, Chairman of the HKTDC, said: "As the first large-scale public event this year, we hope the Book Fair can help bring positive energy to the community. This year's theme is 'History & City Literature'. The fair's Art Gallery features five 'History Writers' and 25 books from the 'City Literature' category chosen to mark the 25th Anniversary of the HKSAR. We hope the public can discover and be inspired by the city's historical development."Thematic exhibitions highlight Hong Kong's culture and historyIn keeping with this year's Book Fair theme, four exhibitions are being staged at the Art Gallery in the HKCEC Hall 3 Concourse. The "History Writers" exhibition features the works of five outstanding writers, namely (in no particular order) Ting Sun-pao, Lui Tai-lok, Elizabeth Sinn Yuk-yee, the late Yeh Ling-feng and Cheng Po-hung. A selection of their books, out-of-print works, manuscripts and precious memorabilia is on display to help readers understand the philosophy and inspiration behind their lives and works.Ting Sun-pao will share his experiences delving into the past in a seminar titled "My Journey on Historical Research" this Friday (22 July), while Lui Tai-lok will analyse the historical context of Hong Kong from multiple perspectives in the seminar "Hong Kong Society's Social Landscape: Description" (23 July). Elizabeth Sinn Yuk-yee will discuss the ups and downs experienced in her historical research in the seminar "Hardships and Joys in 40 years" (24 July). Yeh Zhong-min, attending the Book Fair on behalf of her late father, Yeh Ling-feng, will speak about his research into Hong Kong's literature and history in the seminar "Hong Kong - My Second Home" (25 July). Meanwhile, Cheng Po-hung discusses the city's culinary delights and entertainment development in two seminars, "A Century of Hong Kong Food and Delicacies" (20 July) and "A Century of Hong Kong's Entertainment" (25 July)."City Literature" features 25 literary works about Hong Kong by renowned local writers, including Xiao Si, Xi Xi, Eileen Chang, Shu Xiang-cheng, and Liu Yi-chang. There is an interactive exhibition that takes readers on a tour of the city from multiple perspectives through words and texts.The two other thematic exhibitions are "Tastes of Hong Kong" and "Hong Kong Architecture". Working in collaboration with Cheng Po-hung, Lau Tsz-chun, James Ng, Ng Gui-long, the Chinese Culinary Institute, Tao Heung Museum of Food Culture and Yung Kee Restaurant, "Tastes of Hong Kong" presents the evolution of Hong Kong's culinary culture through valuable artefacts. The "Hong Kong Architecture" exhibition is run in partnership with Urban Sketchers Hong Kong and National Geographic, showcasing paintings and photographs by artists depicting Hong Kong's historical sites and city landscapes."Eight Seminar Series" connects writers with bookloversThe "Eight Seminar Series" continues to be a major highlight at the Book Fair. The topics this year cover a wide spectrum of literary interests, including "Stories of Hong Kong", "Renowned Writers", "English and International Reading", "World of Knowledge", "Children and Youth Reading", "Lifestyle", "Hong Kong Culture and History", and "Personal Development and Spiritual Growth". Authors and booklovers are able to interact and exchange ideas at the seminars.Partnering with Ming Pao and Yazhou Zhoukan, the HKTDC has again organised the "Renowned Writers Seminar Series", inviting leading authors to share their creative journey and insights. Documentary photographer Liu Heung-shing shared his insights on capturing the visual history of the city in person today (20 July). Art curator Li Pi will describe how the M+ Museum has made Hong Kong a cultural capital in the region (21 July), while Hong Kong writer Shum Sai-shing will reminisce about the late Ni Kuang in the seminar "Recalling Our Literary Giant - Ni Kuang" (23 July).The "English and International Reading Series" supported by Book Depository, an international online bookstore, has invited a number of famous English- and foreign-language writers to host virtual and in-person seminars, helping readers learn more about foreign cultures. Two British writers, Clare Mackintosh and Gillian McAllister, met reading enthusiasts virtually today (20 July). Clare Mackintosh described the way she moved from being a police officer to an accomplished crime writer, while Gillian McAllister shared her creative journey and the sources of her ideas.This year's fair also continues with the "Storytelling by Celebrities" events, inviting former Chinese champion diver Guo Jing-jing, Chief Executive of the Consumer Council Gilly Wong and Hong Kong Museum of Art Chief Curator Mok Ka-wing to tell their inspirational stories to children. For seminars registration and authors line-up at the Book Fair, please visit: https://hkbookfair.hktdc.com/en/Events/Event-Schedule.htmlThematic zones present diverse culturesThe Book Fair features numerous thematic zones, including General Books Pavilion, English Avenue, University Press Square, Spirituality Zone, Children's Paradise and more. The International Cultural Village is attended by representatives of various consulates in Hong Kong to promote their own cultures and publications. The Consulate General of France in Hong Kong and Macau will present French culture through classic works of art in the seminar "Uncovering the Smile of the Mona Lisa", while the Consulate General of Switzerland in Hong Kong and Macau will introduce the attractions of Switzerland in the seminar "Exploring Switzerland through Train Rides". The Virtual Classroom zone continues to cater to the new normal in teaching. For instance, a Hong Kong start-up highlights its research and development into cloud-based interactive virtual classrooms, providing artificial intelligence and programming certificate courses and assisting schools to promote science and technology education.Cultural July in hybrid modeAlongside the Book Fair, the HKTDC is collaborating with numerous partners, including the Leisure and Cultural Services Department, publishers, cultural and educational institutions, shopping malls and cafes, to organise a series of more than 300 cultural events in the 18 districts of Hong Kong as part of the "Cultural July" campaign. This year, a set of four exquisite Chocolate Rain stickers has been designed for the event. Participants can redeem gifts at the Book Fair after collecting a full set of four stickers. For further details, please visit: https://hkbookfair.hktdc.com/CulturalJulyExciting experiences at Sports and Leisure ExpoThis year's Hong Kong Sports and Leisure Expo features eight thematic zones - Sports Hub, Outdoor Adventure, Health & Fitness, Fun & Learn, Board Games, Photography World, Japan Pavilion and Handicraft Market - presenting a variety of sports and leisure brands, products and experiences.A range of fun activities is offered in the Sports Hub zone for visitors to enjoy free of charge, including an e-sports racing competition and simulator trials, lacrosse demonstrations and mini-games. Exhibitors from the Health & Fitness zone are offering free massages and a massage-chair experience while Fun & Learn promotes boules and petanque along with a 3D printing workshop. Hong Kong racing driver Darryl O'Young and members of the Hong Kong Baseball Association have also been invited to join the sharing sessions at the expo.The Japan National Tourism Organization (JNTO) and nine Japanese prefectures and cities have once again joined the Japan Pavilion to showcase the country's attractions and cultural characteristics. JNTO's experience hall has set up a Japanese hotspot map to display the featured attractions and delicacies of many counties and cities. Visitors can choose their own Japanese tour route from the map according to their preferences. Meanwhile, Kadokawa Corporation, among the top four publishing houses in Japan, has collaborated with Tottori Prefecture to introduce local cultural highlights and bestselling books and magazines from Japan. There will also be sessions on traditional Japanese dance, strategies for travelling in Japan and more to showcase the charm of Japanese culture.In addition, Photography World and Board Games showcase a variety of products, including the world's first F2 aperture mirrorless camera with a high-magnification zoom lens, Kodak cameras, and fascinating table games with Hong Kong themes.World of Snacks returns with global selection of tasty treatsFollowing the success of last year's debut event, World of Snacks returns to feature six thematic zones - Travel Delights, Chocolate and Sweet Factory, Oldie Snacks, Yummy & Healthy, Party Time and Snack Bar - bringing together more than 1,200 popular treats from across the globe.Public safety is a top priority for the HKTDC, and various measures have been implemented throughout these concurrent events to protect the health of the participants. All staff members, exhibitors and visitors are required to wear masks in the venue, use the LeaveHomeSafe mobile app and show their COVID-19 vaccination record before entering the HKCEC in accordance with the HKSAR Government's COVID-19 protocols. Other onsite safety measures include temperature-screening stations, the provision of hand sanitisers and disinfection items at multiple locations around the HKCEC, as well as enhanced cleaning and disinfection provision at the venue. Visitors are encouraged to make purchases using e-payment, which is accepted by about 85% of the exhibitors.To ensure a more even flow of visitors throughout the day, the HKTDC has introduced morning admission tickets, night admission tickets as well as a special re-entry promotion. There are no physical ticket sales at the fairground in order to avoid the use of cash and minimise contact. Visitors can pay with their Octopus cards at the entrance's toll booths. More details of the ticketing arrangements can be found below.The HKTDC Education & Careers Expo will be held at the HKCEC from tomorrow (21 July) to 24 July, running in parallel with the Book Fair and other events. Youngsters and jobseekers can access the latest information on education and career opportunities at this one-stop event. Admission is free of charge.Websites:- Hong Kong Book Fair: http://www.hkbookfair.com- Cultural July: https://hkbookfair.hktdc.com/CulturalJuly- Hong Kong Sports and Leisure Expo: https://hksportsleisureexpo.hktdc.com- World of Snacks: https://worldofsnacks.hktdc.com- Education & Careers Expo: https://hkeducationexpo.hktdc.com- Photo download: https://bit.ly/3yTwkuV- Photos of the exhibits, key speakers and other Book Fair highlights can be found at: http://bitly.ws/sJtkAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesHong Kong Book FairHKTDC's Communications & Public Affairs Department:Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgSunny Ng, Tel: +852 2584 4357, Email: sunny.sl.ng@hktdc.orgSam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.orgYuan Tung Financial Relations:Agnes Yiu, Tel: +852 3428 5690, Email: ayiu@yuantung.com.hkHing-Fung Wong, Tel: +852 3428 3122, Email: hfwong@yuantung.com.hkHong Kong Sports and Leisure Expo, World of SnacksHKTDC's Communications & Public Affairs Department:Frankie Leung, Tel: +852 2584 4298, Email: frankie.cy.leung@hktdc.orgYuan Tung Financial Relations:Tiffany Leung, Tel: +852 3428 2361, Email: tleung@yuantung.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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