HK Holds Exhibition to Power SMEs Success at Tough Time

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Last updated at: (Beijing Time) Friday, June 06, 2003

HK Holds Exhibition to Power SMEs Success at Tough Time

Hong Kong Trade Council (TDC) Chairman Peter Woo reiterated Thursday the council's commitment topowering Hong Kong's small and medium-sized enterprises (SMEs) to face the SARS-hit economy.

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Hong Kong Trade Council (TDC) Chairman Peter Woo reiterated Thursday the council's commitment topowering Hong Kong's small and medium-sized enterprises (SMEs) to face the SARS-hit economy.

He unveiled the council's 10 billion HK dollars (1.28 billion US dollar) promotional plan for 2003-04 at the SME Marketing Day Exhibition which opened Thursday.

Tung Chee Hwa, chief executive of the Hong Kong Special Administrative Region, said at the exhibition opening ceremony that "this is the first large-scale exhibition held in Hong Kong after WHO lifted the travel advisory against Hong Kong last month."

He said, "I am glad to see the very enthusiastic response. It is a strong sign that business is getting back to normal in Hong Kong."

He added that 300,000 SMEs in Hong Kong make up 98 percent of Hong Kong's business community. They provide 1.3 million job opportunities in Hong Kong.

He stressed that the Hong Kong Special Administrative Region government is committed to supporting the SMEs. "By nurturing SMEstoday, we are sowing the seeds for a bumper harvest for our economy in the future."

Peter Woo said SME Market Day 2003 is the largest ever SME event the TDC ever organized. It is a one-stop shop for Hong Kong's SMEs to source for practical support services a useful platform for SMEs from overseas, the Chinese mainland and Hong Kong to forge business partnership.

Over 200 organizations, departments and companies participated in the exhibition and about 60 foreign chambers of commerce, consul generals and trade promotion agencies also attended the 3-day exhibition.

The exhibition will also help Hong Kong SMEs seek trade, purchasing and cooperation partners and arrange a special area fornegotiations.

Peter Woo said "the good news is that outside Hong Kong, Christmas inventories are low. This is the time for SMEs to be more creative and market proactively."

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