HONG KONG, June 11, 2021 – (ACN Newswire) – In the face of ongoing challenges in the world market caused by the pandemic, the Hong Kong Trade Development Council (HKTDC) will focus on helping businesses capture opportunities in Mainland China and other markets, particularly in sectors that can ride on opportunities arising from the mainland’s”dual circulation” plan and 14th Five-Year Plan, in addition to industry developments in technology, sustainability and healthcare.
In addition to promoting the city’s overall advantages, products and services, the HKTDC will offer offline and online services for Hong Kong businesses to speed up business expansion in the southern market, employing the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as a bridgehead. Additionally, it will explore tripartite partnerships with western enterprises in foreign markets, notably the Association of Southeast Asian Nations (ASEAN).
HKTDC Chairman Dr Peter Lam explained that the previous few years have been full of challenges, but the HKTDC will keep working hard in assisting businesses diversify and increase their capabilities with sustainability and the adoption of innovation and technology as a core motif. He added that as parts of the planet continue to attack the pandemic while others are slowly recovering, Mainland China and its ancient recovery has been driving economic development both internally and externally.
“We will create opportunities for businesses in both markets and industries. Apart from large-scale events, we will also strengthen our support and training services to help Hong Kong businesses capture opportunities arising from the mainland’s 14th Five-Year Plan and’double circulation’ strategy, taking the Guangdong-Hong Kong-Macao Greater Bay Area as an entry point. As such, we just launched a GoGBA one-stop platform to support Hong Kong companies, and we will help them partner with mainland enterprises to tap international markets through the city’s two-way platform,” Dr Lam said.
Market opportunities: the GBA and also”Dual Circulation” strategy
Following the initiation of the GoGBA one-stop platform (10 June), the HKTDC is planning to organise SmartHK in Guangzhou on 8 December, highlighting the town’s global networks and innovative services which are complementary to the Greater Bay Area development. Business matching meetings will be held to encourage collaboration between mainland enterprises and Hong Kong services suppliers in the areas of finance, IT, infrastructure, layout and much more. A high-level mission led by senior administration officials and industrial delegations will explore opportunities with their counterparts in the GBA.
Chic HK is going to be held in Shenzhen from 10-12 December to market quality Hong Kong manufacturers, stylish designs and technology and innovation products. It’ll be held within an online-to-offline format, allowing consumers to make purchases on the place or on the internet. A business mission is going to be held concurrently to connect Hong Kong traders with prospective mainland buyers and buyers, helping them to expand their nationally retail networks.
The HKTDC will also present a new Star CEOs seminar series where the top management of big mainland and overseas enterprises will discuss how the town’s global business platform and professional services helps mainland companies exploit opportunities in global markets, hoping that this will attract more mainland companies to set up offices in Hong Kong. The HKTDC will put up a Hong Kong Pavilion in selected mainland trade fairs like the China International Import Expo where Hong Kong’s role in easing merchandise and service trade between the mainland and the rest of the world is going to be highlighted.
High-potential sectors: engineering, health care and intellectual property
The 14th Five-Year Plan supp