The Hong Kong Trade Development Council (HKTDC) released its inaugural HKTDC Export Confidence Index today.
An upgrade to the well-established HKTDC Export Index, the new quarterly HKTDC Export Confidence Index will provide a more nuanced and comprehensive overview of business sentiment among Hong Kong-based exporters.
Derived from a survey of more than 500 Hong Kong exporters, the Export Confidence Index comprises five sub-indices – Sales and New Orders, Trade Value, Cost, Procurement and Inventory. These findings are evaluated in terms of Current Performance (how they represent present market sentiment) and Expectation (a measure of exporter sentiment with regard to the coming quarter).
For the first quarter of 2024 (January-March), the overall Expectation score was 47.4. This figure is close to the 50 benchmark (the dividing point between contractionary and expansionary trends) indicating an improved near-term export outlook. It was also notable that the Expectation scores for all sub-indices comfortably exceeded the Current Performance reading of 39.6, which, again, suggests exporters are confident that better times lie ahead.
Commenting on the thinking behind the new index, HKTDC Director of Research Irina Fan said: “Multiple elements impact exporter confidence and we now have an evaluation system that allows us to factor them all in. This will ensure that our quarterly assessment of this key component of Hong Kong’s economy is more versatile, more relevant and more insightful than ever before.
“The success of this initiative to date has allowed us to confidently report a likely uptick in orders from Mainland China, as well as a gradual overall recovery in exports that looks set to be led by the electronics sector.”
Optimistic prospects in Mainland China and US
Among the other key findings, the Sales and New Orders sub-index highlighted rising confidence in export growth, with its 49.9 reading close enough to 50 to suggest a high likelihood of stabilisation.
On the market front, exporters are generally more optimistic with regard to Mainland China and the United States, with exporters anticipating resumed growth in mainland orders in the second quarter.
Of the six key export sectors, electronics enjoyed the most positive outlook, followed by timepieces, equipment/materials, clothing, toys and jewellery.
There are also signs of stronger procurement activity in the electronics, toys and equipment/materials sectors as the corresponding Expectation indices approach or exceed the 50 level.
Overseas markets to regain growth momentum
For survey respondents, economic risks remained the primary concern among the external market issues that could potentially impact exports over the next 12 months. For 83.3% of respondents, an economic slowdown/recession in their primary markets was considered the biggest potential obstacle to export growth.
Putting the findings into perspective, Cherry Yeung, the HKTDC Senior Economist with oversight of the new Index, said: “Despite such concerns, there are many positive takeaways from the Q1 survey. Some 70% of traders, for instance, are anticipating resumed growth in their core overseas markets, while 37.1% are expecting a rapid upturn in mainland market demand. Looking beyond that, 36.4% of respondents are confident that e-commerce will provide new impetus for many export businesses in the course of the coming year.
“It is also reassuring that 55.9% of exporters believe their future profitability will remain unchanged or actually improve, with 40.9% expecting their profit levels to stay stable and 15% seeing an upturn on the horizon.”
References HKTDC Export Confidence Index: https://research.hktdc.com/en/article/MTY0Nzc3MTE3OQ HKTDC Research website: https://research.hktdc.com/en/
Photo download: https://bit.ly/3xfpjHJ
HKTDC Director of Research MsIrina Fan (right) and Senior Economist Ms Cherry Yeung (left) announced the inaugural HKTDC Export Confidence Index for the first quarter of 2024 at a press conference today
HKTDC Director of Research Ms Irina Fan
HKTDC Senior Economist Ms Cherry Yeung
Media enquiries
Please contact the HKTDC’s Communication and Public Affairs Department:
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong Special Administrative Region (HKSAR) 2024-25 budget.
The budget introduces a number of measures to boost Hong Kong’s economic growth and promote the continued development of SMEs and start-ups. These measures offer wide-ranging support to help SMEs manage their cash flow and accelerate their transformation, attract high-value added industries, capital and international talent to Hong Kong as well as promote green and digital transformation.
HKTDC Chairman Dr Peter K N Lam said: “At the HKTDC, our mission is to support SMEs and provide them with opportunities to grow and transform. We welcome the HKSAR Government’s initiative to extend the application period and increase the total guarantee commitment for the SME Financing Guarantee Scheme, and make continuous enhancements and inject more funds to the Dedicated Fund on Branding, Upgrading and Domestic Sales (“BUD Fund”). Aside from these initiatives, the introduction of enhancement measures for profit tax will also assist SMEs to tackle their capital flow challenges and accelerate their transformation.”
The HKTDC will work closely with the HKSAR Government to further promote Hong Kong’s strengths and eight centre advantages, move towards a green and digital future and create opportunities for Hong Kong’s industries to ensure the continued growth of the city’s economy. We will also reinforce Hong Kong’s important role as a two-way business and investment hub.
The budget reiterated Hong Kong’s role as a leading business platform for the Belt and Road Initiative. The HKTDC’s global network of 50 offices covers the Belt and Road’s main markets, from ASEAN to Africa, from Europe to South America. This year, we will set up two additional consultant offices along the Belt and Road to connect Hong Kong businesses with arising opportunities.
Dr Lam added that the next 10 years will be a “golden decade” for the Belt and Road. The HKTDC will continue to be guided by the eight major steps of the Belt and Road Initiative, as announced by President Xi Jinping in 2023, and leverage our global network and major events to help Hong Kong businesses explore the Belt and Road market.
The HKTDC supports SMEs’ development and expansion via a range of support programmes, including the Transformation Sandbox (T-box), GoGBA one-stop platform and Digital Academy.
In the 2024-25 financial year, we will provide support to SMEs according to four main directions:
Assist SMEs to seize opportunities brought about by the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the country’s 14th Five-Year Plan;
Capture arising opportunities in the Regional Comprehensive Economic Partnership and other emerging markets, especially ASEAN and the Middle East;
Help SMEs achieve digital and green transformation; and
Enrich international business people’s stay in Hong Kong, enhance digital offerings in HKTDC exhibitions and conferences, and provide a seamless online and offline experience for event participants.
Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HONG KONG, Dec 14, 2023 – (ACN Newswire) – Hong Kong exports are expected to grow by 4% to 6% next year – a sharp contrast to the 11% decline in the city’s export levels recorded for the period between January and October this year.
This optimistic outlook is driven by the significant increase in demand for electronic components, partly on account of growing demand for AI-enabled devices and other finished products, which play a crucial role in boosting the city’s prospects.
Commenting on the likely upturn in Hong Kong’s export performance, Hong Kong Trade Development Council (HKTDC) Director of Research Ms Irina Fan said: “The unique properties of Hong Kong’s electronics-orientated export economy make it almost ideally positioned to take full advantage of the imminent rebound in demand for high-tech components.”
The Hong Kong Export Outlook forms part of the review of the city’s export prospects conducted annually by HKTDC Research. This wide-ranging review takes into account a wide array of factors, including many key global, regional and local economic indicators.
Light at the end of the tunnel
Despite many of the factors restraining Hong Kong’s 2023 export growth likely to remain in place next year, HKTDC Research’s confidence is based on the widespread acknowledgment that the electronics sector – which accounts for 70% of all of Hong Kong’s exports – is expected to enjoy rapid growth in 2024, partly on account of growing consumer and business demand for AI-enabled PCs.
“Demand in this sector is certain to bolster the local economy overall, ensuring that Hong Kong’s wide exporter base will be fully ready and adequately resourced to take advantage of wider global economic recovery, which is expected to come to fruition over the course of 2025,” she added.
Continuously softened sentiment in the near-term
Export growth is set to come after continuously softened export sentiment this year. The HKTDC Export Index contracted 5.5 points to 35 in the fourth quarter of 2023, indicating Hong Kong exporters have become more cautious amid rising geopolitical tensions, in particular the Israel-Gaza conflict, and sluggish external demand.
Exporter sentiment has declined across four of the six major industry sectors. Machinery at 40.3 (up 0.9 points) was one of the better-performing sectors, followed by electronics at 34.8 (down 6.0 points). Less optimistically, toys suffered the most substantial decline, falling 12.8 points to 29.4.
Based on a quarterly HKTDC survey of 500 exporters from six major industries – clothing, electronics, jewellery, machinery, timepieces and toys – the index above 50 indicates an optimistic outlook and below 50 pessimistic.
India, Taiwan and Mainland China markets promising
Sentiment in all key export markets remains below 50. However, sentiment towards India (42.7, up 10.1 points) is the most positive, followed by Taiwan (42.5, up 4.8 points) and Mainland China (39.5, up 0.9 points). Meanwhile, exporters were less confident, when it came to their export prospects to the EU (34.6, down 2.6 points) and the US (33.6, down 2.8 points).
Economic risks and geopolitical tensions concerns
Looking ahead, economic risks remain the top concern for 2024. The majority (84.7%) of respondents saw economic slowdowns or recession risks in overseas markets as the major challenge, followed by ongoing geopolitical tensions (62.5%) and rising transport costs / disruption to logistics and distribution obstructions (41.8%).
Ensuring sufficient cash flow clearly stands out as the focus for next year, with over half of the exporters intending to adopt cash flow management, significantly more than in the last survey in the third quarter this year (32%). More exporters also aim to maintain competitiveness by providing a wider range of value-added services (44.5%) and increasing marketing and promotional activities (41.2%).
HKTDC Research Principal Economist Mr Wing Chu said in addition to the common strategy of cash flow management, different industries favour various approaches. “For example, businesses in the electronics, timepieces and machinery sectors are keen to increase marketing, promotion or business matching in the coming year. Those in jewellery and clothing sectors, meanwhile, are more inclined to prioritise the use of e-commerce to drive sales growth,” he added.
References – Hong Kong’s Export Outlook 2024: Modest Electronics-Led Recovery Now Anticipated https://research.hktdc.com/en/article/MTU2MDQ4MjM3Mg – HKTDC Export Index 4Q23: HKTDC Export Index 4Q23: Soft export sentiment amid rising concern of economic risk https://research.hktdc.com/en/article/MTU1Njk2OTg3Ng – HKTDC Research website: https://research.hktdc.com/en/
Photo download: https://bit.ly/41jZQb5
HKTDC Director of Research MsIrina Fan (left) and Principal Economist Mr Wing Chu (right) announced the Hong Kong’s Export Outlook 2024 and the HKTDC Export Index for the fourth quarter of 2023 at a press conference today
HKTDC Director of Research Ms Irina Fan
HKTDC Principal Economist Mr Wing Chu
Media enquiries Please contact the HKTDC’s Communication and Public Affairs Department: Jane Cheung Tel: (852) 2584 4137 Email: jane.mh.cheung@hktdc.org
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
15th HKTDC Hong Kong International Wine & Spirits Fair enjoys successful three-day run
Global wine trading platform uncorks the potential of emerging markets
HONG KONG, Nov 6, 2023 – (ACN Newswire) – The 15th HKTDC Hong Kong International Wine & Spirits Fair, organised by the Hong Kong Trade Development Council (HKTDC), ended yesterday after a successful three-day run (3-5 November). The fair drew keen buyers from emerging markets. Several regions stood out including Korea, Mainland China and Taiwan, as well as Southeast Asian countries such as Indonesia and Malaysia, showing healthy potential for development. The return of global buyers to the physical Wine and Spirits Fair underlines Hong Kong’s status as a key trade and distribution hub for wine in the region.
After a successful three-day run, the Hong Kong International Wine & Spirits Fair closed today. Some 7,000 trade buyers and around 9,000 members of the public visited the fair.
The fair drew some 7,000 buyers from 49 countries and regions. On Public Day today the fair was open to ticket holders aged 18 or above, attracting around 9,000 wine enthusiasts to enjoy the beverages and attend events such as masterclasses, wine tasting and seminars.
The Wine & Spirits Fair featured over 500 exhibitors from 17 countries and regions.
The fair attracted renowned importers, wholesalers, retailers and e-tailers – including JD.com, Inc (Mainland China), PT. Pantja Artha Niaga (Indonesia), Royal of Japan Ltd (Japan), NARA CELLAR (Korea), Albert International Wines & Spirits Sdn Bhd (Malaysia), KOT Selections LLP (Singapore), Rose & Young Hunters Global Inc. (Taiwan), Central Food Retail Company Limited (Thailand), African + Eastern (UAE), and Red Apron Fine Wines & Spirits (Vietnam).
Organic wines from different origins were featured in the Wine & Spirits fair, offering options for buyers.
Gathers together global fine wine, cultivates new market opportunities
The HKTDC’s Deputy Executive Director Sophia Chong said: “The 15th Wine & Spirits Fair featured more than 500 exhibitors from 17 countries and regions, where wine sellers and buyers come together again and buyers were keen to source products. Public Day today was also well received, and members of the public enjoyed the wine tasting experience and had fruitful purchases.
“In recent years, Chinese wines have risen in popularity and brought new momentum to the Chinese market. We incorporated these elements in the fair, bringing products from Sichuan, Ningxia and Xinjiang, offering more options for buyers. The HKTDC also held various seminars where industry professionals could explore opportunities in the Chinese wine market. Meanwhile, the global hot topic of sustainable development has also been addressed by the wine industry, as vintners make wines by greener means. Organic wines were also showcased in the fair, creating a sparkling new wave of purchasing trends.”
Eric Fung, Director (Hong Kong) of Japanese exhibitor Flavour of Life G.K., stated: “The wine fair has attracted a significant number of international buyers and is undoubtedly the most important wine trade fair in Hong Kong. We are very pleased with the quality of buyers, most of whom come from Southeast Asia, including India, Vietnam, Cambodia, and Laos. These are high-potential markets for sake. We have also had buyers from Africa, particularly Nigeria, which is an extremely promising market. If it weren’t for participating in this event, we would not have had the opportunity to connect with them.” His firm had established about 25 new connections at the fair, with two or three being high-potential buyers.
Emerging demand for non-alcoholic wines
Gary Lee, the Business Development Director of San Sesan Global Pte Ltd, a buyer from Singapore, said his firm’s primary objective at the event was to source vegan and alcohol-free wines, with a specific focus on products from Spain and Germany. He welcomed the Click2Match platform, which facilitated meeting scheduling and record-keeping. Mr Lee joined 20 business matchmaking sessions, engaging with eight exhibitors offering vegan and alcohol-free wines. “These meetings were highly effective, and I identified several exhibitors with significant potential. There is a good chance that I will place orders with two of them, and each deal we make is typically valued at approximately US$300,000.”
Virginia Cikhita, the CEO of Project X and a buyer from Indonesia, visited the fair to source fine wines and accompaniments. She stated: “We have a great opportunity to order from a Hong Kong exhibitor at least 2,000 bottles of black truffle sauce imported from Finland. We also hope to buy custom water bottles from a Taiwanese exhibitor, as well as at least 3,000 boxes of hangover prevention pills. These products are truly excellent!” She was pleased with the services, including providing e-Badges for buyers, the Click2Match platform, and the new Scan2Match platform that conveniently connects buyers and exhibitors from offline to online.
The fair featured 36 exciting events, including the seminar Baijiu Journey: Savouring the Flavours of China and two Wine Industry Conferences, one of which featured the sole Chinese Master Sommelier in the world, Lu Yang, discussing wine market opportunities in China and Asia. In addition to informative seminars for industry professionals, Public Day featured engaging events such as wine tasting sessions, attracting enthusiastic participation from buyers and visitors, creating a vibrant atmosphere.
Media enquiries Please contact the HKTDC’s Communications & Public Affairs Department: Jane Cheung, Tel: (852) 2584 4137, Email: jane.mh.cheung@hktdc.org Agnes Wat, Tel: (852) 2584 4554, Email: agnes.ky.wat@hktdc.org
About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
About 65% of enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) have adopted green and sustainable development practices in business operations, and about 70% said they would consider using more of Hong Kong’s green products and services over the next two years, a research report by the Hong Kong Trade Development Council (HKTDC) and UOB revealed.
The HKTDC and UOB have jointly released a research report titled Sustainability in the GBA: Unlocking Opportunities and Empowering Growth. Photo shows Irina Fan (right), Director of HKTDC Research, and Brian Lam (left), Chief Financial Officer and Chief Sustainability Officer, UOB Hong Kong
The report, Sustainability in the GBA: Unlocking Opportunities and Empowering Growth, revealed that the top three green practices adopted by GBA enterprises include resource recycling, clean energy adoption and green office practices (notably the use of energy-efficient office equipment, paperless offices and online office systems). Among these enterprises which have adopted green practices, 98% reported positive impact on their businesses, in particular increased brand reputation and brand recognition as well as improved energy efficiency and cost reduction. Other positive impacts include improved governance of corporate compliance and risk control, as well as better chances of securing market and business opportunities.
The report also highlighted that GBA enterprises acknowledge Hong Kong’s significant advantages in green building technologies, green consulting services, green financial services and expertise in green sectors and advanced technology. The firms expressed a strong willingness to explore and adopt sustainable development services offered by Hong Kong.
Huge opportunities from growing green and sustainable practices in the GBA
HKTDC Research Director Irina Fan said: “As sustainable development has become increasingly important, GBA-based businesses have become ever more committed to implementing ESG-related strategies. Nearly all GBA business are looking to incorporate ESG into various business aspects, which translates into an average spend of HK$370,000 (US$47,000) per company in the next two years. Now, there are about 3 million enterprises in the GBA, this could mean a scenario of HK$1 trillion ESG investment. Much of which will likely be channelled into Hong Kong-based green partner businesses.
“With high regard for the sustainable solutions offered in Hong Kong (average desirability score of 8.9 out of 10), GBA enterprises are keen to look to Hong Kong-based green partner businesses to accelerate their sustainable practices.” She added: “About 70% of surveyed respondents considered to use or increase usage of Hong Kong’s green and sustainable solutions. This is a real vote of confidence in the strength and breadth of Hong Kong’s green resources.”
Brian Lam, Chief Financial Officer and Chief Sustainability Officer, UOB Hong Kong, said: “We recognise the imperative need for GBA enterprises to incorporate sustainability practices into their business strategies. The report highlights the current insufficiency of resources, funds and unified standards towards sustainable development, which poses a challenge to the successful implementation of green transformation plans and achieving decarbonisation targets.
“UOB takes our responsibility to provide and channel capital to facilitate continued investments in sectors that are critical to the energy transition very seriously. With the growing demand for sustainable finance, our aim is to simplify access to sustainable financing for clients, strengthen their ESG capabilities and support them in the crucial task of transitioning their business models to reduce carbon emissions and seize new business opportunities. Together, we create a greater positive impact and drive sustainable progress.”
Growing emphasis on GBA green sustainable development
The report revealed that almost all (99.7%) of surveyed GBA enterprises planned to incorporate or increase the level of ESG elements in their operations over the next two years, demonstrating commitment to ESG practices. Moreover, more than 90% of GBA enterprises intended to increase or maintain ESG-based investments over the next two years, with 30% planning an increase and 64% maintaining current investment levels. GBA enterprises expected to allocate an average budget of HK$370,000 (US$47,000) to ESG initiatives over the next two years.
Insufficient experience, funding pose obstacles
However, GBA enterprises generally believed that a lack of experience (77%), cost pressures (67%) and an absence of unified standards (61%) were the key obstacles hindering the implementation of green sustainable development. Surveyed enterprises said the market lacked standardised guidelines and success stories. Many enterprises were concerned about significant upfront investments or difficulty in achieving short-term returns. Existing green standards were also relatively fragmented, with different standards in domestic and international markets, as well as significant industry differences, which discouraged enterprises interested in green transformation.
GBA enterprises look to Hong Kong’s green services
A majority of respondents saw Hong Kong as likely to provide a higher level of green-related services than many comparable mainland cities. Among the areas where Hong Kong was seen as a particularly strong performer were green construction technology, climate risk assessment to a global standard, design consultancy services, green financial services, and the provision of green technology. Most respondents felt that Hong Kong was home to a substantial pool of environmentally aware professionals.
In specific terms, about 70% of surveyed respondents considered to use or increase usage of Hong Kong’s green and sustainable solutions in next two years. More than 90% believed the city could help effectively accelerate green sustainable development within the region through the deployment of green technology (especially with regard to construction, energy efficiency and recycling) as well as via the greater availability of a variety of green financial products and services. A substantial number of respondents also indicated they were likely to use of a range of Hong Kong’s other green-related services, including green certification and carbon emission measurement (89%), green financial services (88%) and energy transition programmes (86%).
GBA enterprises are very keen to learn more with regard to the sustainable development services offered in Hong Kong, with an average desirability score of 8.9 out of 10. The top five preferred green products and services include utilising green applications provided by Hong Kong; engaging sustainable development roadmap planning and consultancy services; accessing green-focused professional talents/services and advanced technology; benefiting from ESG reporting, due diligence, ESG ratings and green asset valuation services offered by Hong Kong; and utilising green financial products and services.
The HKTDC-UOB survey was conducted in July and August this year through an online questionnaire completed by 300 leading enterprises in the 11 GBA cities. In addition, a series of in-depth interviews saw a broad cross-section of GBA industry professionals outline their views on Hong Kong’s green development capabilities and their own ESG implementation strategies.
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
About UOB
UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.
For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with ASEAN.
The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.
Twitter @hktdc and 
LinkedIn
