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Making Trade Easier for Hong Kong SMEs
HKTDC and Visa Join Hands to Help SME Development

13 November 2008, Hong Kong - The Hong Kong Trade Development Council (HKTDC) and Visa will host a series of events, including exhibitions and educational seminars, to help small and medium-sized enterprises (SMEs) run their businesses more efficiently and to improve their competitiveness.

The HKTDC-Visa collaboration will also promote Hong Kong as a key regional trade hub and the city of choice for international trade events, while introducing a range of Visa business products specifically designed to help Hong Kong-based SMEs.

To help Hong Kong SMEs better manage their business expenditures, Visa began introducing its Visa Business Card to local suppliers at the inaugural HKTDC Hong Kong International Wine Fair in August. The card provides customers enhanced payment services, including detailed business expenditure reports, to better manage cash flow and administer accounts payables. The Visa Business Card also offers a range of merchant discounts, from office supplies to courier services, web hosting to printing and promotional services. Visa Business cardholders can also enjoy bonus point rewards or cash rebates for businesses transactions offered by banks.

"The HKTDC remains committed to helping Hong Kong companies succeed," said Eric Tai, Deputy Executive Director of the HKTDC. "The HKTDC-Visa collaboration offers a simple and seamless payment process between suppliers and buyers that can streamline their business processes."

"The collaboration between HKTDC and Visa demonstrates the commitment of both parties to support SMEs in running their businesses," said James Dixon, Visa Country Manager for Hong Kong and Macau. "Visa understands the importance of having a business management solution which offers payment flexibility for a company's customers. This relationship will help provide SMEs with valuable insights on how to manage their business more effectively."

Media enquiries
Please contact the HKTDC's Media & Public Affairs Department:
Sam Ho Tel: (852) 2584 4569 Email: sam.sy.ho@tdc.org.hk

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, visit www.hktdc.com

About Visa
Visa operates the world's largest retail electronic payments network, providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries.

For more information, visit www.corporate.visa.com.

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Content provided by Hong Kong Trade Development Council