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Welcome to the Hong Kong Forum! Peter Woo Chairman Hong Kong Trade Development Council.

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Presentation on theme: "Welcome to the Hong Kong Forum! Peter Woo Chairman Hong Kong Trade Development Council."— Presentation transcript:

1 Welcome to the Hong Kong Forum! Peter Woo Chairman Hong Kong Trade Development Council

2  A new concept  First global convention for SMEs +

3 Hong Kong – World Capital for SMEs Institutions that work Infrastructure that works Low, simple taxes Business friendly Only one of a kind SME haven for proprietary enterprise

4 Hong Kong – World Capital for SMEs International trade platform Location – proximity to China Connectivity HK Business Model Triple Play

5 Business partners “Ambassadors” A unique global network …getting stronger

6 Hong Kong Forum Topics 2000 - Partnering with Hong Kong’s global trade platform 2001 - Tapping WTO-era China markets

7 Hong Kong Forum Topics 2002 - Hong Kong-Plus business model 2003 - Hong Kong-Plus enhanced by Cepa …where you heard it first!

8 Hong Kong Update 2004 End of deflation Domestic economic rebound GDP growth up Unemployment down Exports up …business as usual!

9 Further liberalisation from 1 Jan 2005 Tariff-free entry for 1,000+ Hong Kong- made goods Preferential access for 26 service sectors 1. CEPA II

10 2. Individual visit scheme Easier entry for mainland visitors 9mn visitors in the first 9 months of 2004 Shopping Enjoying HK’s lifestyle Doing business

11 3.China’s ‘going out’ policy “ 引進來,走出去 ” Mainland firms urged to go overseas Connect with world markets Meet international partners Do international deals

12 4. For mainland firms coming to HK Relaxed control Easier for SMEs to invest here Helping them raise capital Connect with overseas markets Wealth management services

13 5. Renminbi services Only place outside of the mainland Hong Kong to become an offshore RMB services centre

14 6. New horizons - Pan-PRD (9+2)

15 Pan-PRD (9+2)  Population size equals the expanded EU  1/3 of China’s GDP  43% of China’s exports “A super economic zone”

16 Pan-PRD (9+2)  Reduces barriers to trade  Expands market access  Stronger interaction with other regions (YRD, Bohai, SE Asia)  Extends transport links “A super economic zone”

17 7. Central Government commitment Clarity on Hong Kong’s role in China’s economic development

18 13% more Regional Headquarters and regional offices US tops the list with 256 RHQs 106 RHQs from mainland 8. Gaining Momentum

19 TDC Update 2000 2001 2002 20032004

20 TDC Update Good news: July sourcing fair a success New time slot New demand Well-received A new sourcing season discovered

21 Bad news: TDC exhibitions bursting at the seams Long waiting lists

22 Good news: From next year Temporary relief at Tamar

23 An artist’s impression of exhibitions at Tamar

24 Future plans in the mid-term Expanding the CEC Atrium 40% increase in exhibition space Allows mega fairs to grow Five fairs to be No. 1

25 Future plans in the mid-term New wider structure 19,400 sqm extra  1,000 more booths

26 Hall 1: 77% larger

27 Hall 2: 125% larger

28 World No. 1

29 Message Spread the word Have fun telling the Hong Kong story Connect with ten new players and bring them here See you all next year!

30 Thank you!


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