Hong Kong’s export outlook has taken a turn for the worse as the global trade environment has deteriorated sharply amid the unprecedented Covid-19 pandemic, which has seriously disrupted global supply chains and severely dampened worldwide demand. In view of the threats of a sharply distressed global economy and ongoing trade protectionism, HKTDC Research has lowered its 2020 export growth forecast to -10% from -2% amid substantial downside risk.More
Digital innovation, green finance and China’s opening up are key opportunities for Hong Kong entrepreneurs said Mary Huen of Standard Chartered Bank (Hong Kong). Speaking beside the Asian Financial Forum 2020, she said bank-related Fintech development is working well in Hong Kong while AFF 2020 had a forward-looking agenda and was a great sharing platform for those taking part.More
Operating in 46 Belt and Road countries, Standard Chartered PLC views the Initiative as a cornerstone for global trade for years to come, says Bill Winters. Speaking beside the Asian Financial Forum 2020, the bank’s Group Chief Executive says Hong Kong is its hub and fundamental connector to the Belt and Road while he rates AFF 2020 as the best yet.More
With a population of more than 1.3 billion people, India attracts increasing attention from global investors who are keen to explore its market potentials.
Speaking at the seminar ‘Tips on Entering Indian Electronics Industry’ organised by the Hong Kong Trade Development Council, the Senior Manager of Tata Croma shared his insights on the Indian electronics retail market, reminding investors that timely market intelligence and long-term commitment were the keys to success in the Indian market.
From Internet of Things (IoT) toy apps to trade platforms and online management as well as re-usable masks, Hong Kong’s Bull.B Technology is dedicated to bringing customers closer to their markets. With over 300 projects underway the company sees the Belt and Road Initiative and Greater Bay Area Development Plan as major business opportunities, backed by HKTDC trade events. More
Kenya has witnessed the rise of indigenous e commerce platforms and the increasing footprints of international players, offering significant jump start potential for businesses looking to tap into the country’s consumer market via online channels.
With a population of more than 70 million, the consumer market in the Greater Bay Area has huge potential. To help companies tap into the market of the nine mainland GBA cities, the HKTDC conducted a consumer market survey to understand local people’s consumer attitude and preferences. More
Amid the recent Sino-US trade dispute and the rising in labour and operation costs in Mainland China, many HKSMEs had an increasing interest and need to explore alternative manufacturing locations. The Hong Kong Trade Development Council and The Hong Kong Productivity Council co-organised a mission to Bangkok and Chonburi, Thailand in July 2019 to help HKSMEs collect first hand market intelligence in Thailand.
Indonesia has huge potential for Hong Kong manufacturers thanks to its rapidly expanding manufacturing sector and the country has emerged an attractive production base. Co-organised by The Hong Kong Trade Development Council and The Hong Kong Productivity Council, the mission to Jakarta, Indonesia in October 2019 was to help HKSMEs gauge the possibility of manufacturing partnership and investment opportunities in Indonesia.
The United Arab Emirates is learning and adapting virtual banking expertise from Hong Kong, says Younis Haji Al Khouri. Speaking beside the Asian Financial Forum 2020, the Finance Ministry Undersecretary says a recent promotion and protection investment agreement with Hong Kong is encouraging wealth management and other business from the UAE while the AFF connects talented people with international business.More