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Hong Kong electronics exports remain optimistic

Guest of honour Acting Financial Secretary Frederick Ma and TDC Executive Director Fred Lam performed the eye-dotting ceremony for the traditional Chinese lion dance. Also joining the ceremony were Managing Director of Munich Trade Fairs International Klaus Dittrich (back row, left) and Chairman of TDC's Electronics/Electrical Appliances Industry Advisory Committee Allan Wong (back row, right).
Acting Financial Secretary Frederick Ma officiated at the opening ceremony of the Hong Kong Electronics Fair today (October 13). Accompanied by TDC Executive Director Fred Lam (left), Mr. Ma toured the fairground. Pictured is an exhibitor at the Korean Pavilion introducing the latest cell phone battery charger.

Industry leaders are optimistic about the Hong Kong Electronics Fair that opened today (October 13), supported by strong growth in Hong Kong's electronics exports.

Speaking at the joint opening of the Electronics Fair and electronicAsia, Chairman of the Hong Kong Trade Development Council's (TDC) Electronics/Electrical Appliances Industry Advisory Committee, Allan Wong said he expected a double-digit growth in Hong Kong's electronics exports this year.

''For the first eight months of 2005, total exports increased by 17% to more than US$85 billion. Almost all our markets have shown double-digit growth,'' said Mr Wong.

''With the shortened product life cycle, manufacturers need a platform to show their latest designs while buyers appreciate the opportunity to source new merchandise for an increasingly demanding market,'' he added.

Organised by the TDC, the Hong Kong Electronics Fair, which is the largest of its kind in Asia, is being staged from October 13 to 16 at the Hong Kong Convention and Exhibition Centre. This year, over 2,100 exhibitors from 27 countries and regions showcase their products at the Fair, a 5% increase from last year. First time exhibitors included companies from Australia, Brazil, Israel, Sweden and the UK.

The Fair should have even more exhibitors but it is constrained by the existing exhibition facility. Over 800 companies are still on the event's waiting list.

''The Convention Centre's Atrium expansion is a medium term solution to our constraints on space and will further enhance Hong Kong's role as the sourcing hub and exhibition centre of Asia,'' noted Mr Wong.

The highlight of the fair is the Hall of Fame section. Introduced in 2003, the Hall of Fame will continue to showcase branded electronic products and components. This year, over 170 brands will gather under one roof displaying high-quality branded products. Frontiers of Brainpower is another attraction where the latest results of research and development in the electronics industry will be presented. Universities and educational institutes will demonstrate their research into the latest technologies.

It has now been nine years since TDC began holding the Hong Kong Electronics Fair concurrently with electronicAsia, which this year will host a total of over 560 exhibitors from 18 countries and regions. Special exhibition areas are dedicated to the World of Display Technology and the Hall of Fame.

Under one roof, visitors will be able to find multimedia/electronic gaming, audio-visual products, electronics accessories, personal electronics, multi-products, home appliances, office automation and equipment, security products, telecommunication products, electronic components and display technologies.

The organisers have strived to enhance the two shows by bringing in close to 90 quality buying missions, representing over 5,000 buyers from around the world, spanning Asia, West Europe, and America and new markets like Eastern Europe, Central and South America and the Middle East. Woolworth Plc of UK, Big Camera Co. Ltd of Japan, Carrefour and Groupe Casino of France, Cantire of Canada and Sharper Image of US will come as VIP buyers to source at the fairs.

Seminars on product certificates and green awareness will also be held.

Useful references:

Official web site of the Hong Kong Electronic Fair:
http://www.hkelectronicsfairae.com

Official web site of electronicAsia:
http://www.electronicasia.com

Profile of Hong Kong's electronics industry:
http://www.tdctrade.com/main/industries/t2_2_11.htm

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For press enquiries, please contact TDC's Corporate Communication Department at 2584 4395.

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Content provided by Hong Kong Trade Development Council