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Peter Woo Chairman Hong Kong Trade Development Council

Welcome to the Hong Kong Forum!. Peter Woo Chairman Hong Kong Trade Development Council. +. A new concept First global convention for SMEs. Hong Kong – World Capital for SMEs. Institutions that work Infrastructure that works Low, simple taxes Business friendly.

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Peter Woo Chairman Hong Kong Trade Development Council

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

  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. 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) “A super economic zone” • Population size equals the expanded EU • 1/3 of China’s GDP • 43% of China’s exports

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

  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 2002 2000 2001 2003 2004

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

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

  30. Thank you!

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