10 Oct 2007
Chief Executive's Initiatives will Strengthen
Hong Kong's Competitiveness, says TDC
October 10, 2007 - The Hong Kong Trade Development Council (TDC) welcomes the Chief Executive's Policy Address initiatives outlined today, including moves to strengthen the city's competitive edge by lowering profit tax to 16.5 per cent, developing new infrastructure projects, addressing environmental concerns and improving the city's quality of life.
The TDC believes that these initiatives will help draw even more Chinese mainland and overseas enterprises to Hong Kong to use the territory as a platform from which to expend their global businesses. The TDC supports the government's move to assist Hong Kong manufacturers in the Pearl River Delta (PRD) region to relocate their production facilities, move up the value chain, increase sales and strengthen their brand names in the mainland.
The TDC is studying the investment environment of cities in the mainland to help Hong Kong manufacturers decide on where and how to relocate their factories. Next month, the TDC will publish a new market report on 30 mainland cities, focusing on their consumption potential. The report will be useful to Hong Kong companies planning to increase mainland sales outlets.
The TDC will hold its first major exhibition in Hangzhou next month to promote Hong Kong branded products to consumers in the Yangtze River Delta region.
Government proposals to support Hong Kong's creative industries are also welcomed. Flagship trade shows such as Inno Design Tech Expo (December) and FILMART (March) are ideal platforms for exhibitors to promote their products and to exchange ideas.
The TDC will work closely with the government's cross-sector steering committee on MICE to strengthen Hong Kong's competitiveness in the exhibition arena. The expansion of the Hong Kong Convention and Exhibition Centre (HKCEC) - a move championed by the TDC - is making good progress. When completed in 2009, the enlarged HKCEC will have a total of 66,000 square metres of exhibition space, 42 per cent more than before. The additional space will enable at least five international trade fairs at the HKCEC, including the gifts, electronics, watches, jewellery and lighting fairs, to be the largest of their kind in the world.
According to a study conducted by the TDC, 10 mega trade fairs held at the HKCEC each have the potential of becoming large enough to occupy up to 100,000 square metres of exhibition space. The TDC is in discussion with the government on ways to provide additional convention and exhibition facilities in Wanchai.
About the TDC
Established in 1966, the Hong Kong Trade Development Council (TDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 offices worldwide, including 11 in the Chinese mainland, the TDC promotes Hong Kong as a platform for doing business with China and Asia. The TDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and the mainland, while providing information via trade publications, research reports and online. For more information, visit www.tdctrade.com
Please contact the TDC's Media and Public Affairs Department:
Tel: (852) 2584 4510