HKTDC Export Index 3Q23: Export sentiment softens in Q3

The HKTDC Export Index fell 7.3 points to 40.5 in the third quarter of 2023, caused primarily by weak global demand, in line with weakness in exports across the region. HKTDC Director of Research Ms Irina Fan [L] and Senior Economist Ms Cherry Yeung [R] announced the HKTDC Export Index for the third quarter of 2023 at a press conference today. Economic risks remained exporters’ top concern. Almost half of survey respondents (48.6%) saw economic slowdowns or recession risks in overseas markets as the biggest challenge, followed by ongoing geopolitical tensions (17.9%) and a smaller-than-expected boost from Mainland China’s economic ... Read more

HKTDC T-box programme launches new stream

The Hong Kong Trade Development Council (HKTDC) will add a support stream to its Transformation Sandbox (T-box) programme to help Hong Kong companies integrate environmental, social and governance (ESG) initiatives into business. The new stream is expected to organise 100 free consultation meetings and serve 500 small and medium sized enterprises (SMEs) in its first year, covering both manufacturing and services sectors, such as garments, electronics, lighting, houseware and gifts, as well as transport, catering and construction. Officer, Business Environment Council, Dr Patrick Lau, Deputy Executive Director, HKTDC and Ms Michelle Mak, Head of ESG and Enterprise Learning, Dun & ... Read more

HKTDC and Dun & Bradstreet Hong Kong join forces to help SMEs enhance ESG competitiveness

The Hong Kong Trade Development Council (HKTDC) and Dun & Bradstreet (HK) Limited (D&B) announced a new partnership to help small and medium-sized enterprises (“SMEs”), start-ups, and Micro-, Small and Medium-sized Enterprises (“MSMEs”) with green transformation by offering a comprehensive range of quality ESG registered services, namely D&B ESG Registered(TM).As a leading global provider of business decisioning data and analytics and the HKTDC’s recognised ESG partner, D&B further demonstrates its commitment in promoting environmental, social and governance (ESG) to companies, large and small, in Hong Kong to enhance their competitiveness and drive growth. A D&B ESG Registered badge and profile ... Read more

HKTDC: 60% of Japanese companies expand RCEP business via Hong Kong

About 90% of Japan-affiliated companies based in Hong Kong manage or handle business in at least one Regional Comprehensive Economic Partnership (RCEP) market other than Japan, according to a recent survey conducted by the Hong Kong Trade Development Council (HKTDC). the survey findings of Japanese companies in Hong Kong expanding their business in the RCEP market.”> HKTDC Director of Research Ms Irina Fan (L) and HKTDC Economist Mr Corey To (R) announced the survey findings of Japanese companies in Hong Kong expanding their business in the RCEP market. More than 60% of respondents plan to expand their RCEP operations through ... Read more

HKTDC welcomes 2023-24 Budget

The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong Special Administrative Region (HKSAR) 2023-24 budget, which allocates additional funding of HK$550 million over five years to the HKTDC to help Hong Kong enterprises seize opportunities arising from the Belt and Road Initiative (BRI) and Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development as well as tapping into emerging markets and stepping up global promotional efforts.HKTDC Chairman Dr Peter K N Lam said: “We are grateful for the support from the Financial Secretary. The HKTDC will fully support these measures to continue to strengthen Hong Kong’s role as an international ... Read more