Hong Kong showcased its innovation and technology (I&T) strengths at three fairs last week, including the first-ever InnoEX co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), held concurrently with the Hong Kong Electronics Fair (Spring Edition) and Hong Kong International Lighting Fair (Spring Edition).
Web 3.0, blockchain, the Metaverse and other nascent technologies are at the cutting edge of industrial development and naturally create a need for agile, skilled and dynamic software developers. The Guangdong-Hong Kong-Macao Greater Bay Area is a hotspot of industrial development, generating strong demand for expertise in these technologies.
Trade, investment and business collaboration between the Association of Southeast Asian Nations (ASEAN) and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is growing rapidly. Legal disputes are bound to arise and Hong Kong is perfectly placed as a litigation and dispute resolution centre.
Indonesian companies could turn to Hong Kong as a fund-raising platform, drawn by the city’s global financial-hub status and strengths in finance, technology and other sectors which are growing rapidly in the archipelago.
Many big, resource-rich countries have special-purpose capitals – think Brasilia, Canberra or Ottawa – and Indonesia plans to do the same, establishing a smart city Nusantara on the east coast of Borneo as a new home for the capital, which is now Jakarta.
As Hong Kong reopens its doors to Mainland China and the world at large, the Hong Kong Trade Development Council (HKTDC) will roll out a full season of global trade fairs and conferences, coupled with a plethora of overseas promotions, to create opportunities for the Hong Kong, mainland and international business communities.
The Hong Kong Trade Development Council (HKTDC) projects that Hong Kong’s exports will grow 5% in 2023 – a recovery from the 6% decline this year. HKTDC Director of Research Irina Fan said: “Hong Kong’s exports will gradually regain growth momentum amid the receding pandemic, easing of COVID-19 restrictions and resumption of cross-border land transportation.”
More than 200 Thai business leaders joined a lunch seminar organised by the Hong Kong Trade Development Council (HKTDC) in Bangkok yesterday (21 November), affirming the Thai business community’s confidence in Hong Kong’s role to help businesses in the region grow and tap into opportunities in Hong Kong and Mainland China.
Kung Wo Tong has been a well-established business for more than 100 years in Hong Kong. The company uses secret recipes passed down from the Qing dynasty to produce a herbal jelly using Guiling paste. The founder's granddaughter started her own business in recent years with her own brand Gui Ling Yuan Fang, aiming to modernise Hong Kong’s herbal tea culture and promote the concept of health preservation to a younger consumer base.
Companies in Thailand, one of the largest Association of Southeast Asian Nations (ASEAN) economies, hope to expand both within ASEAN markets and across the world – and could turn to the active financial markets of Hong Kong to raise funds.
Hong Kong businesses are known for their flexibility and adaptability. A family-owned factory, now in its second generation, has faced constant challenges since the current owner took over the operation, so it took the decision to actively diversify.
Businesses in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) are pinning their hopes on Asian economies, particularly Mainland China and countries in the Association of Southeast Asian Nations (ASEAN), going forward, while the financial sector is seen as having the best prospects overall.