2 July 2008
HKTDC 2007/08 Annual Report Tabled in Legco
Hong Kong's trade promotion organisation builds for tomorrow,
while serving SMEs today
"Our challenge, as always, is to find new ways to serve SMEs," said Mr So, referring to the HKTDC's commitment to create opportunities for Hong Kong companies, while connecting the world's SMEs through Hong Kong's business platform.
The HKTDC annual report for 2007/08, entitled Serving the World's SMEs, Investing in Tomorrow, Delivering Today, was tabled today in the Legislative Council.
Mr So named increasing the size of Hong Kong's downtown trade fair exhibition space as a key future factor to best serve international SMEs that utilize Hong Kong as a sourcing and services platform. He cited a recent industry study that reported trade fairs bring in some HK$26.4 billion in economic benefits each year, excluding billions of dollars in business orders for local companies.
HKTDC Executive Director Fred Lam termed the 2007/08 fiscal period as a year of "firsts," especially in the areas of deepening Hong Kong ties with the Chinese mainland and emerging markets. "We put together our first consumer-focused exhibition in the mainland, organised the first large-scale promotion in Russia and worked closely with the government to organise Hong Kong's inaugural Asian Financial Forum", said Mr Lam.
These pioneering steps further raised Hong Kong's business profile, and offered SMEs key opportunities to explore promising markets.
Looking to the future and tomorrow's demands, the HKTDC continued to enhance its service offerings to create a more integrated package to help customers realise improved sourcing benefits from using the HKTDC's three key services.
The integrated services are: the freshly revamped online marketplace, now found at www.hktdc.com, the HKTDC's 30-plus physical trade fairs and its line of 14 product magazines.
All exhibitors of major HKTDC trade fairs now have a presence in the online marketplace, complete with full company information and product photos. "Doing this helps buyers locate the right suppliers more quickly and precisely. It also extends the matching period of trade fairs before and after the actual event," said Mr Lam.
Product magazines are also being increasingly integrated with HKTDC trade fairs. With online version of the magazines already available, the product magazines are now being rolled out as official magazines of several individual fairs.
Looking ahead, Mr So said that the value of the HKTDC was measured not only in its ability to cope with change, but in anticipating new trends, and in many instances bringing about the kind of change that is beneficial to Hong Kong.
"That is why we cannot do more of the same every year," he said. "Already a new three-year plan that will guide us through 2010/11 has been finalised. The plan will provide fresh initiatives to take our industries to the next level of development."
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About the HKTDC
Established in 1966, the Hong Kong Trade Development Council (HKTDC) 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.hktdc.com