22 June 2009
HKTDC and Hubei Province Sign Agreement
Deal Strengthens Cooperation and Trade Ties with Hong Kong
22 June 2009 – The Hong Kong Trade Development Council (HKTDC) and the Hubei Provincial Government have signed an agreement to strengthen strategic cooperation and boost trade and economic ties between Hong Kong and the central Chinese province.
The agreement was reached as HKTDC Executive Director Fred Lam led a delegation of regional directors and consultants from the Council's worldwide offices to Wuhan. The group arrived yesterday for a three-day study mission together with service industry leaders from Hong Kong.
The delegation also participated in a seminar, "Hubei and Hong Kong: Boosting Business Opportunities."
"If Hong Kong businesses want to enter the domestic retail market, they must not overlook Hubei, which is full of exciting business opportunities in its consumer market," Mr Lam said. "The HKTDC will continue to promote the development of Hong Kong enterprises in Hubei, including retail outlets, regional headquarters, distribution centres and new factory investment."
Mr Lam noted that cooperation between Hong Kong and Hubei attracts Hong Kong brands to Hubei at the same time as it allows Hubei's own enterprises to branch out, taking advantage of Hong Kong and its well-developed services industry. "Hubei enterprises developing domestically or seeking new markets overseas may cooperate with Hong Kong enterprises," said Mr Lam. "Whether it is sourcing funds, corporate management or promoting a corporate image, we're ready to provide assistance."
This morning's seminar attracted more than 800 Hubei enterprises. Keynote speakers included: Mr Lam; Vice Governor of Hubei Province Tian Chengzhong; HSBC Wuhan Branch Manager Han Yi; Chamber of Hong Kong Logistics Industry Ltd Executive Vice Chairman Lawrence Yip; and Hong Kong Designers Association Executive Committee member Angus Wong.
In addition, HKTDC Regional Director for the Americas Stephen Wong, Regional Director for Southeast Asia and India Loretta Wan, and Regional Director for the Middle East and Africa Jeff Ambjorn gave presentations on their respective markets. HKTDC Exhibitions Planning and Marketing Director Lawrence Yipp discussed effective international marketing strategies.
During the visit, 13 information desks were set up at the Hong Kong Service Industry Exhibition and Consultation Event. These featured HSBC, Bank of East Asia, Hong Kong Dragon Airlines Ltd, DTZ Real Estate Consultancy PLC and Angus Wong Design Ltd, as well as other financial, logistical, marketing and professional services.
The HKTDC delegation met with Hubei Provincial Governor Li Hongzhong and Vice Governor of Hubei Province Tian Chengzhong, as well as Secretary of Wuhan Municipal Committee Yang Song and Mayor Ruan Chengfa. They visited the Wuhan Urban Construction Institute, the Wuhan Economic and Technological Development Zone and TPV Technology Ltd.
The visit builds on recent cooperation between Hong Kong and Hubei. Last month, the HKTDC organised Style Hong Kong Show in Wuhan, which attracted more than 300,000 visitors. Earlier this month, Governor Li led a delegation to Hong Kong, signing a HK$2 billion procurement contract.
Please contact the HKTDC's Corporate Communication Department:
Tel: (852) 2584 4216
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 HKTDC promotes Hong Kong as a platform for doing business with China and Asia. The HKTDC 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, www.hktdc.com