27 Feb 2013
HKTDC Welcomes New Budget Measures Supporting SMEs
More Mainland Design Gallery Shops, Expanded Emerging Market Promotions
27 February 2013 – The Hong Kong Trade Development Council (HKTDC) welcomes the new Hong Kong SAR Government measures, announced in today’s 2013-14 budget, to support small-and medium-size enterprises. The HKTDC will help SMEs tap into emerging markets and take advantage of opportunities in ASEAN and on the Chinese mainland. One of the HKTDC’s new initiatives is expanding the mainland network of its Design Gallery shops.
Tapping ASEAN Opportunities
HKTDC Executive Director Fred Lam said that, with the global economy shifting to the East, Hong Kong traders have shown increased interest in ASEAN countries. “There are 75 million middle-class consumers in the 10 ASEAN countries, and they appreciate the stylish products and services Hong Kong can offer. They see Hong Kong as a trendsetting hub. Accordingly, the HKTDC will offer new export and investment opportunities in ASEAN for Hong Kong traders.”
Mr Lam said that the HKTDC would provide timely market intelligence to help Hong Kong traders deepen their understanding of these markets. “We will also organise study missions and promotional activities to assist Hong Kong businesses in tapping the ASEAN market.”
The HKTDC will lead a delegation of more than 150 senior Hong Kong businesspeople to Myanmar, March 4-9, providing first-hand business information for traders looking for factory relocation opportunities. It will also organise the second edition of Lifestyle Expo in Jakarta, 14-16 March, to promote Hong Kong lifestyle products. During the expo, the Council will arrange business-matching services between Hong Kong traders and Indonesian importers and distributers.
Design Gallery Mainland Expansion
In addition, the HKTDC will help SMEs make better use of the HK$1 billion BUD Fund to enhance their competitiveness on the mainland. In the coming year, the HKTDC will open new Design Gallery shops in such strategic regional hubs as Wuhan and Qingdao. It will also collaborate with department stores to open Design Gallery shops in the stores’ lifestyle sections, using the “shop in shop” concept.
As well, the HKTDC will continue to stage large-scale Style Hong Kong consumer shows in mainland cities to promote Hong Kong’s brand image among mainland consumers.
IP Trading Centre
Mr Lam said that the HKTDC fully supports the government’s plans to develop Hong Kong as an intellectual property trading centre, reinforcing Hong Kong’s role as a leading global business hub. “The Business of IP Asia Forum (BIP Asia) has received excellent response over the past two years. We will further develop the forum into the region’s signature event for IP.”
Mr Lam added that the Council is setting up Business of IP zones at its trade fairs covering fashion, electronics, entertainment, the environment, design and innovation industries. Sector-specific seminars will also be held to educate Hong Kong companies on IP trading.
Please contact the HKTDC's Corporate Communication Department:
Tel: (852) 2584 4341
About the HKTDC
A statutory body 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 global offices, including 11 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com.