February 25, 2024

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HKTDC to support HK businesses with tech

The Hong Kong Trade Development Council (HKTDC) Chairman and Executive Director together with the Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region (HKSAR) recently introduced measures to support local businesses, especially small and medium-sized enterprises (SMEs), to tackle challenges resulting from current economic uncertainties and the Sino-US trade conflict.

It was noted that there will be long drawn-out trade technology rivalry and continued trade conflicts between the United States and Mainland China, creating a fundamental change in the global economic order in terms of production and trade patterns. Hong Kong businesses must be prepared to make changes.

The further opening up in the mainland, Asia and other emerging economies will provide fresh opportunities for Hong Kong companies.

The HKTDC has been supporting the development of local SMEs for more than 50 years. It will utilise its international network of 50 offices to comprehensively assist Hong Kong businesses to diversify and find new opportunities amid the challenges.

Seizing new opportunities for HK SMEs

The HKTDC’s priority in the coming year is to help Hong Kong businesses explore new markets and seek out new manufacturing investment partnerships and different supply chain models that can enhance their capabilities and competitiveness.

The Council will adopt a multifaceted strategy to equip local companies to capture opportunities arising from the Guangdong-Hong Kong-Macao Greater Bay Area and Belt and Road countries.

The HKTDC will:

  • Step up its provision of market intelligence to help SMEs make informed decisions – the HKTDC organises free seminars and training workshops for Hong Kong businesses, and provides essential information such as trade updates, market studies and funding schemes;
  • Help Hong Kong manufacturers explore sourcing and production options, such as alternative supply chains and developing production lines in industrial parks in Belt and Road countries;
  • Support Hong Kong companies to tap into new markets and expand existing markets around the world, and to use the Greater Bay Area as an entry point to further penetrate the mainland domestic market and access a vast market of almost 70 million people;
  • Raise the profile of Hong Kong products and brands at leading international trade events in developed markets;
  • Enhance the internationality of HKTDC fairs and sourcing platforms by stepping up the recruitment of global buyers to take part in trade fairs in Hong Kong.

Promoting opportunities through global flagship events

The HKTDC will continue to promote Hong Kong’s advantages in connecting the Greater Bay Area with global business communities, as well as exploring the potential of the region’s consumer market and technology sector.

The Council will feature the Greater Bay Area in its flagship events including “Think Asia, Think Hong Kong” in Los Angeles in the US (20 September 2019) and “In Style • Hong Kong” in Manila, the Philippines (5-6 March 2020), encouraging overseas companies to leverage Hong Kong’s advantages to expand into the Greater Bay Area and beyond.

Other major initiatives include:

  • The SmartHK event in Guangzhou on 27 August 2019 to promote Hong Kong’s financial services, professional services and innovative technologies, incorporating Industry 4.0, advanced manufacturing technologies, automation and robotics as new elements. The HKTDC will also cooperate with Cyberport and the Hong Kong Science and Technology Parks Corporation to encourage Hong Kong tech start-ups to exhibit at the event, helping them to raise funds, attract partners and facilitate business connections;
  • The mega consumer promotion ChicHK, to be held in Guangzhou from 9-13 January 2020, will promote Hong Kong designers and branded products;
  • The retail network of the Design Gallery will continue to be expanded in the Greater Bay Area. Currently, there are a total of 19 outlets in Hong Kong, Shenzhen, Guangzhou, Foshan, Jiangmen, Zhaoqing and Zhuhai;
  • Organising business missions to Greater Bay Area cities, covering a wide range of industries, to help Hong Kong businesses explore new market opportunities.

High-end exhibitions

The Outline Development Plan for the Guangdong-Hong Kong-Macao Bay Area highlights Hong Kong’s role in developing a high-end convention and exhibition business.

To consolidate the city’s competitive edge in this area, the HKTDC will further internationalise its trade fairs by recruiting quality exhibitors, as well as global importers, buyers from department stores and chain stores, and e-tailers, to create new opportunities for Hong Kong businesses.

The HKTDC will also enrich the exhibition content and introduce new product zones to further elevate sourcing efficiency and enhance the overall attractiveness and competitiveness of the fairs.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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