Feb 24, 2022 | Business
The Hong Kong Trade Development Council (HKTDC) welcomes the Hong Kong Special Administrative Region (HKSAR) 2022/23 Budget, including the additional funding to the Council for a support scheme for Hong Kong businesses in Mainland China, to help them capture opportunities under the National 14th Five-year Plan. The Budget was announced by the HKSAR Financial Secretary Paul Chan earlier today with relief measures for citizens and small and medium-sized enterprises (SMEs) in Hong Kong to support the economy amid the continuing COVID-19 challenges, and plan for its long-term sustainable development.
HKTDC Chairman Dr Peter K N Lam said: “The pandemic has brought unprecedented challenges to SMEs in the past two years. The measures announced in this year’s Budget, including enhancements to various export credit and SME financing schemes, can alleviate pressures on cash flow and operations. In addition, the various measures to support the IP (intellectual property) and technology sectors can also help SMEs tap into new markets and upgrade and transform their business.
“We are also encouraged that the HKSAR Government has allocated additional funding to support Hong Kong businesses pursuing development in the mainland. Through our network of mainland offices, we will work with partners including established Hong Kong business, professional services, and young entrepreneur associations in these cities, to organise training, exchange events, business missions and promotion campaigns.
“We believe this can help Hong Kong businesses in the mainland to expand and capture opportunities arising from the ‘dual circulation’ strategy and the Guangdong-Hong Kong-Macao Greater Bay Area, so as to better integrate into the nation’s development.” Dr Lam said.
In addition to the mainland market, the HKTDC will continue helping SMEs capture business opportunities in mature and emerging markets. Dr Lam said: “We will continue to help Hong Kong companies develop ASEAN (Association of Southeast Asian Nations) and mature markets with enhancements to our flagship overseas promotions such as ‘Think Business, Think Hong Kong’, as well as strengthen our online and offline platforms, business matching services, SME support schemes and other training activities, to help Hong Kong businesses connect with global enterprises and target relevant opportunities effectively. We are also glad to learn that the Government will actively consider attracting more conventions and exhibition events to be organised in Hong Kong when the pandemic subsides.”
“Our team at the HTKDC will do all we can to create new opportunities for our industries, enabling them to diversify and find new impetus for recovery and growth amid the pandemic.” Dr Lam added.
Media enquiries:
HKTDC’s Communications & Public Affairs Department
Susanna Sin, Tel: +852 2584 4294, Email: susanna.kc.sin@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
Topic: Press release summary
Jan 4, 2022 | Business
The Hong Kong Trade Development Council (HKTDC) has appointed Ms Sophia Chong as Deputy Executive Director overseeing international trade fairs and digital business for the Council. She succeeds Mr Benjamin Chau, who is retiring after 37 years at the HKTDC.
“Sophia is an industry veteran whose drive, commitment and talent have contributed to Hong Kong’s role as a global leader in international trade fairs and conferences,” said Ms Margaret Fong, Executive Director, HKTDC.
“Her experience in all aspects of the Council’s work has given her a broad perspective and insights that will be crucial in helping Hong Kong’s SMEs [small and medium-sized enterprises] ride through this period of unprecedented challenge and capture new opportunities.”
Ms Fong added, “I would also like to express my heartfelt thanks to Benjamin whose ingenuity and dedication helped the Hong Kong business community weather many economic challenges over the past three decades, and whose marketing talent helped our city become one of the most important trade fair capitals of the world. He will be greatly missed.”
Ms Chong has been promoted from the position of Assistant Executive Director, in which she was responsible for supervising some 30 annual HKTDC exhibitions, a number of which are the largest marketplaces of their kind in Asia or the world. Prior to that, she served as Director, Exhibitions and worked with the HKTDC’s global network of offices and industry multipliers worldwide.
She also served as Director, Publications & E-Commerce, overseeing the HKTDC’s online marketplace and over 20 product magazines and industry supplements. Ms Chong joined the HKTDC in the 1990s.
Biography of HKTDC Deputy Executive Director Sophia Chong: https://bit.ly/31lXca8
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
Media enquiries:
HKTDC’s Communications and Public Affairs Department
Susanna Sin, Tel: +852 2584 4294, Email: susanna.kc.sin@hktdc.org
Topic: Press release summary
Oct 7, 2021 | Business
The Hong Kong Trade Development Council (HKTDC) welcomed the Chief Executive’s 2021 Policy Address which can create new opportunities for Hong Kong and add fresh impetus to the city’s development.
HKTDC Chairman Dr Peter K N Lam said, “The Chief Executive’s Policy Address outlines innovative ideas that can help Hong Kong ride on opportunities arising from the Chinese 14th Five-Year Plan and play a role in the development of Mainland China.”
Dr Lam said the policies of extending the validity period of the “Convention and Exhibition Industry Subsidy Scheme”, expanding convention and exhibition (C&E) facilities and the commitment to stage international C&E activities in Hong Kong will provide strong support to the industry. The Commercial Data Interchange platform, which enables small and medium-sized enterprises (SMEs) to make use of their own data to gain access to more convenient financing services, can also help SMEs financing needs.
Dr Lam also welcomed initiatives to enhance Hong Kong’s status as an international financial, aviation, trading and dispute resolution centre, as well as policies to enhance Hong Kong’s innovation and technology (I&T) ecosystem. He believed that developing the city as an international I&T hub can support Hong Kong’s re-industrialisation and complement I&T development in the Guangdong-Hong Kong-Macao Greater Bay Area.
“The HKTDC has long been promoting digitalisation, utilising technology to help SMEs upgrade and transform their businesses, and we incorporate I&T elements across all our activities to help SMEs capture opportunities in the digital sphere,” said Dr Lam.
“Looking ahead, developing Hong Kong into a hub for Chinese and international cultural exchange and a regional centre for intellectual property trading can also inject new impetus into the city’s economy,” he added.
“I and my HKTDC colleagues in Hong Kong and our 50 offices around the world will continue to provide platforms and services to help Hong Kong’s business community capture these fresh opportunities.”
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
Media enquiries:
HKTDC’s Communication & Public Affairs Department
Susanna Sin, Tel: +852 2584 4294, Email: susanna.kc.sin@hktdc.org
Topic: Press release summary
Sep 13, 2021 | Business
The 40th HKTDC Hong Kong Watch & Clock Fair and the ninth Salon de TE, jointly organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and the Federation of Hong Kong Watch Trades and Industries Ltd, drew to a successful conclusion today. This year, the twin fairs at the Hong Kong Convention and Exhibition Centre not only welcomed industry buyers but also opened their doors to the general public during the whole fair period for the first time. The five-day physical fairs attracted around 4,900 industry buyers and more than 23,600 public visitors to shop for timepieces.
This year, online version of the watch fairs was launched for the first time and will run until 19 September. To date, more than 1,100 online business meetings have been arranged, enabling global watch and clock traders to engage in business discussions via video conferencing. As of 12 September, the online fairs had recorded more than 2,400 buyers browsing products and conducting business discussions online.
Fairs help exhibitors promote their brands and develop retail business
Benjamin Chau, Deputy Executive Director of the HKTDC, said: “The Watch & Clock Fair and Salon de TE returned as special editions this year to help generate business opportunities for industry players. Opening the five-day fairs to the public for the first time also provided an excellent opportunity for watch and clock traders to reach out to retail customers and boost the industry’s retail businesses. According to our on-site survey, public visitors who were interviewed spent an average of HK$1,059 per person at the fairs.”
Many exhibitors agreed that the fairs had helped them tap into the retail market. Philip Lau, General Manager of Chit Tat Clock and Watch Company Limited, said he had met with five buyers from European and US buying offices in Hong Kong. His company offered wholesale prices to attract local consumers and received a better-than-expected response. “These consumers have high purchasing power and strong confidence in the quality of our watches. We estimate that our sales turnover at the fair will be around HK$200,000-300,000,” Mr Lau said.
Another exhibitor, Gary Ching, Co-founder of ANPASSA Watch Company, said that within just a few hours of the opening of the fairs, two watch retailers had expressed interest in ANPASSA’s watches and started discussing cooperation. “We also attracted the attention of many local consumers. We expect our on-site sales to reach HK$500,000-600,000, which demonstrates that our watches have great potential in the local market.”
Online trading builds business opportunities; smart watches grow in popularity
To gauge various trends in the watch and clock industry in 2022, the HKTDC conducted an on-site survey during the fairs, interviewing more than 540 exhibitors and buyers. The survey showed that the majority of respondents considered the recovering purchasing power of customers (42%) and e-tailing (35%) as presenting the biggest opportunities for their businesses. Additionally, 41% of the exhibitors surveyed said they were already engaged in e-tailing, while 47% said they intend to develop an e-tailing business in the next two years to capture more orders.
In addition, 50% of interviewed respondents were positive on the industry outlook and expected their overall sales to increase. In terms of different markets, 68% of respondents viewed the Mainland China market most favourably, followed by the Association of Southeast Asian Nations (ASEAN) region (49%) and India (46%).
As for product trends, smart watches (50%) were expected to be the most popular watch category in 2022, followed by mechanical watches (16%), and digital analogue watches (12%).
The fairs attracted smart watch manufacturers to source for parts and components. Ricky Tsang, Managing Director of Eternal Keen Investment Limited, said his company specialises in the production of smart wearables, including smart watches. “I have found three potential suppliers at the fair. The value of my annual purchases of parts and components is US$20 million, and I plan to purchase parts and components worth US$1 million from new suppliers I met at the fair,” Mr Tsang said.
Fair websites:
– Hong Kong Watch and Clock Fair: https://hkwatchfair.hktdc.com
– Salon de TE: https://hkwatchfair.hktdc.com/te
– Photo download: https://bit.ly/38Y9wO7
Media enquiries:
HKTDC’s Communications & Public Affairs Department
Janet Chan, Tel: +852 2584 4369, Email: janet.ch.chan@hktdc.org
Angel Tang, Tel: +852 2584 4544, Email: angel.hc.tang@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.
Topic: Press release summary
Jul 15, 2021 | Business
Organised by the Hong Kong Trade Development Council (HKTDC), the 30th edition of the HKTDC Education & Careers Expo opened today and runs until 18 July (Sunday) at the Hong Kong Convention and Exhibition Centre (HKCEC). The expo is held concurrently with the HKTDC Hong Kong Book Fair, HKTDC Hong Kong Sports and Leisure Expo and HKTDC World of Snacks, all taking place at the HKCEC. Open to the public free of charge, the two major sections at the expo – Education and Careers – provide comprehensive information on education and job opportunities.
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| L-R: Benjamin Chau; Michele Anderson, Vice-Consul, Trade Commissioner, Consulate General of Canada in HK; Benoit Cormier, Deputy Consul General, Consulate General of France in HK and Macau; Ingrid Yeung, Permanent Secretary for the Civil Service of the HKSAR; Margaret Fong; Carrie Yau, Executive Director, Vocational Training Council; Stephen Mann, AD – Student & Curriculum Development, Hong Kong Institute of Construction; Lai Kam Fai, Chief Engineer, Electrical and Mechanical Services Department |
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| Six educational zones have been set up at this year’s expo, including the Self-Betterment Zone, Tertiary Academy Zone, Vocational and Professional Education Zone, Continuing Education Zone, Creative and Educational Support Services Zone and International Exchange Village. |
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| More than 90 on-site events are being organised during the expo, including fire investigation dog performances and seminars on further education, career opportunities, immigration information and working holidays in overseas countries. |
Ingrid Yeung, Permanent Secretary for the Civil Service of the Hong Kong Special Administrative Region (HKSAR), officiated at the opening ceremony this morning. In her welcoming remarks, Margaret Fong, HKTDC Executive Director, said: “Entering its 30th edition, the Education & Careers Expo is a one-stop platform for students and jobseekers looking to review a broad range of education opportunities and career options. This year, we are delighted to welcome 800 exhibitors, including educational institutions, government departments, public organisations, professional associations and private enterprises representing 14 countries and regions.”
Six education-themed zones highlight local and overseas opportunities
Six educational zones have been set up at this year’s expo, including the Tertiary Academy Zone, Vocational and Professional Education Zone, Continuing Education Zone, Creative and Educational Support Services Zone, International Exchange Village and the newly launched Self-Betterment Zone, featuring a wide range of courses and self-enhancement programmes offered by different educational institutes for students, especially Hong Kong Diploma of Secondary Education Examination (HKDSE) graduates looking to chart a pathway according to their interests and capabilities.
The expo’s education theme days highlight studying in the United States (16 July), France (17 July) and Canada (18 July), with representatives from consulate general offices on hand to introduce the prerequisites for admission, application procedures, information on campus life and more. Visitors can also meet with representatives from various officially recognised bodies to get first-hand information on studying abroad. Participating institutions include Advantage Austria Hong Kong and Jinan University and Huaqiao University from Mainland China.
Career theme days highlight employment trends
Catering to the recruitment demands of various industries, the expo will feature four career theme days that highlight employment trends. On the Construction Progression Pathway theme today (15 July), the supporting organisation – the Hong Kong Institute of Construction (HKIC) – invites its lecturers and graduates to discuss the manpower situation and current prospects within the industry, and introduce course details in areas such as painting and decorating, joinery, site surveying and welding. Virtual reality training equipment and students’ work in electrical installation is also being showcased. The Electrical & Mechanical Engineering theme day tomorrow (16 July), co-organised by the Electrical and Mechanical Services Department (EMSD) and the Hong Kong Electrical and Mechanical Trade Promotion Working Group, will invite industry professionals to share on current and future prospects in the industry and introduce the popular Engineering Graduate Training Scheme and Technician Training Scheme.
On the third day of the expo (17 July), the brand-new Skills theme, organised by the Vocational Training Council (VTC), invites several winners from the WorldSkills Competition to share their experience. Various seminars are being organised to enrich participants’ knowledge on different skills, including interior design, wardrobe, jewellery and webpage development. On the last day of the expo (18 July), medical and healthcare professionals will share their work experience, the career pathway and job requirements during the Introduction to Healthcare and Medical Sector theme day.
On-the-spot recruitment provides opportunities from various industries
The Youth Zone gathers information on continuing education and career planning for young people. This year, representatives from the Hong Kong Federation of Youth Groups will introduce a range of popular courses such as floral design, barista skills, art therapy, speech therapy and STEM learning. Building Inspection is one of the highlights this year, with representatives sharing insider knowledge and details of career development in the industry, as well as interview tips for young candidates. In addition, information on the Working Holiday Scheme provided by various consulates can also be found at the expo, allowing young people to explore opportunities overseas.
Meanwhile, this year’s Recruitment Square will cooperate with various recruitment platforms, public organisations and private companies to offer more than 2,600 job opportunities during the expo. WHub, a Hong Kong start-up community platform, will work with nine local start-ups for on-site recruitment and there will also be a range of summer jobs and temporary internships on offer for younger people. In addition, the Guangdong-Hong Kong-Macao Greater Bay Area Development Office of the Constitutional and Mainland Affairs Bureau will set up a booth to help young people explore opportunities for study, work and entrepreneurship arising from the development of the Greater Bay Area.
Celebrities share practical tips
More than 90 on-site events will be organised as part of the expo, including fire investigation dog performances, seminars on further education, career opportunities, immigration information, working holidays and management trainee programmes, and sharing sessions on working in the mainland. Various celebrities will also be offering their valuable experiences and insights.
Jayden Lam, renowned DSE Chinese tutor, spoke earlier today and shared his tips on entering the tutoring industry and the future prospects it presents. Dominic Tong, Senior Lecturer from the Department of Physics at the Chinese University of Hong Kong and guest host of the TVB programme Sidewalk Scientist, will share intriguing ways to understand physics to spur people’s learning interest along with interesting thoughts on exploring potential on 16 July. The following day, Bonnie Wong, DJ from Commercial Radio Hong Kong, will talk about her career experience after graduation and how she made her dream come true by embracing the opportunity to become a TV and radio host. On the last day of the expo (18 July), Education expert Jeffrey Hui will advise participants on the strategies for studying in the UK and offer golden tips on how to put together a great CV.
Expo website: https://hkeducationexpo.hktdc.com/
Activity schedule: https://bit.ly/3wyG5vm
Photo download: https://qrgo.page.link/2ueys
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 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.
Media enquiries:
HKTDC Communications & Public Affairs Department
Christine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.org
Topic: Trade Show or Conference
