hktdc Archives - Page 10 of 37

Hong Kong International Wine & Spirits Fair opens next month

Showcases drinks from across the globe, seize business opportunities under reduced liquor duty rate

– Over 600 exhibitors from 20 countries and regions, Mainland China participation up by 60% year-on-year
– Showcasing the world’s finest wines and spirits, including Chinese wines and baijiu, Japanese sake and shochu, vodka, brandy, and more
– Inaugural Sommelier’s Picks will engage renowned sommeliers to feature their favourite wine lists to industry professionals and the public

The 16th HKTDC Hong Kong International Wine & Spirits Fair will be held on 7-9 November at the Hong Kong Convention and Exhibition Centre (HKCEC), showcasing fine wines and spirits from around the world, along with related products and services to trade visitors and buyers.

With Hong Kong reducing the liquor duty rate, as announced during the Policy Address last week, to promote liquor trade and boost the development of high value-added industries, the Wine & Spirits Fair will enable the industry to seize opportunities presented by this measure.

Sophia Chong, Deputy Executive Director of the Hong Kong Trade Development Council (HKTDC), said: “To cater to consumers’ more sophisticated and diverse appreciation for wines, this year’s Wine & Spirits Fair offers a diverse range of wines and spirits from around the world to enhance the tasting experience and promote knowledge of wine through a series of special events. The market for Chinese baijiu and wine is thriving, especially following the recent proposal by the Hong Kong SAR Government to reduce taxes for high-end liquor. This year’s Fair brings together more than 600 exhibitors, with a notable increase in those showcasing Chinese baijiu and spirits around the world. Overall, participation from Mainland China has increased by 60% by scale compared to the previous year. The HKTDC is actively recruiting more buyers to take part in the Fair, further promoting Hong Kong as a regional trading hub for wine and spirits.”

This year’s Fair will bring together more than 600 exhibitors from 20 countries and regions. In addition to exhibitors from Hong Kong and the Mainland China, there are overseas exhibitors from all over the world, including those from Belarus, the Czech Republic, Denmark, France, Germany, Ireland, Italy, Poland, and the United Kingdom from Europe.

Exhibitors from the Americas included Argentina, Canada, Chile, Mexico and the United States. Australia, Japan and the Philippines make up the Asia-Pacific representation, while South Africa will participate for the first time.

A global showcase for exquisite wines and spirits
The Wine & Spirits Fair will feature a diverse range of alcoholic beverages, including old-world and new-world wines, Chinese wines, Japanese sake as well as spirits from around the world, including Chinese baijiu, Japan’s shochu, vodka and brandy. A variety of whiskies will also be showcased in both the Ireland and Japan pavilions.

Exhibited beverages include:
– Azienda Agricola Sciara 760 Metri Etna Rosso, making its fair debut, crafted by Stef Yim, Hong Kong’s first winemaker to set up a winery and vineyards at Mount Etna in Sicily, Italy. The nutrients from the volcanic mud and the high-altitude environment give this red wine its special aroma and flavour;
– Zhenjiu, Chinese Baijiu from Guizhou in Mainland China, a high-end sauce aroma aijiu. Its rich and full body with a complex layering of spice and fermented bean flavors leaves a long-lasting aftertaste;
– Fenjiu from Shanxi, traditional Chinese liquor crafted mainly from sorghum, which epitomises the light aroma style of baijiu with its crystal-clear appearance and a delightful aroma;
– Clonakilty Single Pot Still Irish Whiskey, winner of two global awards, triple-distilled and matured on the Atlantic coastline in Clonakilty, Ireland. It presents flavours of sweet vanilla, toffee apple, salted caramel and wood spices, with a dark chocolate and orange finish;
– Wabi Sabi Gin, developed by Japan’s pioneering female spirits entrepreneur Wakae. This gin features 13 botanicals, including Japanese citrus herbs and roses from Shimane Prefecture, creating layered flavours and a long finish;
– Ukishiro Sakitama Kodaishu 20 years aged by Yokota Sake Brewery, which has won 22 gold medals in the Annual Japan Sake Awards;
– Vinette Premium Canned Wines, a distinguished South African brand and gold medalist in the Gilbert & Gaillard International Challenge, renowned for crafting premium table wines in innovative aluminium cans.

The Wine & Spirits Fair also features the Friends of Wine zone, which showcases a variety of gourmet foods designed to complement the wines. Some exhibitors, such as Asia Wine Service & Education Centre (AWSEC), will also introduce their services that promote the industry’s all-round development.

Multiple events explore market trends
Conferences, tasting sessions and seminars hosted by world-class Masters of Wine, sommeliers and industry professionals, will analyse trends in various markets, while offering attendees an opportunity to sample fine wines from around the world.

The inaugural Sommelier’s Picks will engage three renowned sommeliers, Arnaud Bardary MS, Carlito Chiu and Reeze Choi, second runner-up of ASI Best Sommelier of the World Contest 2023 who will share their favourite wine lists with both industry professionals and the public.

A wine industry conference will be hosted by Master of Wine Debra Meiburg, which will explore consumption trends and preferences of alcoholic beverages among Generation Z and millennials. Jennifer Docherty, the first ethnically Chinese and Mandarin-speaking Master of Wine, will share her expertise on blind-tasting fine wines, while renowned wine critic and chief editor Lau Chi Sun will explore hot topics, such as the outlook for Hong Kong’s spirits market and impact of Hong Kong’s taxation system, in a seminar organised by Wine Now.

Prize presentation ceremonies and competitions at the Fair include:
– Cathay Hong Kong International Wine and Spirit Competition 2024;
– Washu Awards 2024;
– Hong Kong Best Spirits Awards 2024;
– WineLuxe’s Hong Kong Top 10 Wine Pairing Restaurant Awards Presentation Ceremony 2024
– Hong Kong International Mixology Showdown 2024 – Hong Kong region semi-final and the final of the debut Greater Bay Area region contest.

Public Day welcomes wine lovers
On the final day, the Wine Fiesta Zone will be open to public ticket holders to sample and buy a range of wines and spirits, while enjoying wine tasting experiences through a variety of activities.

Both buyers and ticket-holding members of the public aged 18 or above are welcome. Regular tickets are priced at HK$200, with specially-priced tickets at HK$99 available from 23 October via BOOKYAY, CTG, HK01, HKTVMall, HKGO, KKDay, KLOOK, PopTicket, Timable, Trip.com, Lan Kwai Fong Group, Winenow, Wai Shing Wine International CO., Ltd. and Zicket.

Special ticket buyers will receive a Lucaris crystal wine glass and discounts on Hong Kong Airlines tickets on a first-come, first-served basis.

Among other highlights, the Public Day will feature a seminar on sparkling wines hosted by Master of Wine Debra Meiburg.

Stef Yim, Hong Kong-born “Volcano Winemaker”, will take to the stage sharing his unique brewing journey.

The public will also hear from three experts on the career path of sommeliers.

Representatives from Lan Kwai Fong (LKF) have crafted a special cocktail “HK & Suit” for the Fair, featuring passion fruit and Japanese Akori Gin, among other ingredients. This cocktail will be available for purchase in the HKTDC x LKF Cocktail Festival inside the Wine Fiesta Zone.

Relevant data:

HKTDC Research Analysis and News – Duty Cut Set to Boost Hong Kong’s Regional Spirits Hub Prospects:
https://research.hktdc.com/en/article/MTgyODQ3ODEwMg

Photo download: https://bit.ly/4heUSUp

Website
Hong Kong International Wine & Spirits Fair: https://www.hktdc.com/event/hkwinefair/en

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:

Kelly Shek	Tel: (852) 2584 4537	Email: kelly.yt.shek@hktdc.org
Snowy Chan	Tel: (852) 2584 4525	Email: snowy.sn.chan@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Eco Expo Asia opens at AsiaWorld-Expo in late October

Green innovation and tech aim to achieve dual carbon goals

– Eco Expo Asia is expected to attract over 300 exhibitors from 11 countries and regions with new exhibitor groups from Anhui Province and Norway
– The Expo will feature three focal points: New Energy, Waste Management and Circular Economy, and ESG-related Services, in pursuit of achieving the dual carbon goals
– Government officials, industry experts and business leaders from various countries and regions, including Belt and Road countries will attend the Eco Asia Conference
– Talks and workshops on the last day of the Expo (2 November) will be open to the public for free

Eco Expo Asia 2024, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), will be held at AsiaWorld-Expo from 30 October to 2 November. The last day of the event will be open to the public for free.

To extend the sourcing journey, exhibitors and buyers worldwide can connect via the Click2Match virtual business matching platform from 23 October to 9 November.

HKTDC Assistant Executive Director Jenny Koo said: “In the face of climate change, countries and regions have been actively propelling carbon reduction policies and sustainable development. China, for instance, set carbon reduction and neutrality goals in 2020 and has been advocating the development of new quality productive forces. The Hong Kong SAR Government is also committed to achieving carbon neutrality before 2050, and the development of related industries has become increasingly diversified, laying a strong foundation for Hong Kong’s sustainable development. Themed Fostering Green Innovations for Carbon Neutrality, the 19th edition of Eco Expo Asia will bring together international exhibitors and industry professionals to showcase cutting-edge innovations and technologies that aim to achieve dual carbon goals.”

Speaking at the press conference, the Deputy Director of the Environmental Protection Department of the HKSAR Government, Fong Kin-wa, expressed: “We hope the Eco Expo Asia could share with visitors and exhibitors from around the world, including Belt and Road countries and ASEAN countries, the latest green innovation for achieving carbon neutrality, with a view to promoting exchange and cooperation between governments and trade sectors on boosting green & low-carbon transformation, achieving sustainable development, and leading Hong Kong towards carbon neutrality.”

Converging international exhibitors and government officials at Eco Expo Asia
This year’s Expo is expected to attract over 300 exhibitors from 11 countries and regions including Mainland China, Hong Kong, Macao, Taiwan, Singapore, Germany, Finland, Norway, the Netherlands, the United States and Canada. Several provinces and cities from Mainland China will form pavilions, including the return of Guangzhou and Shenzhen. The Anhui Pavilion will debut with technologies focused on air quality, water treatment and quality management as well as new energy materials and equipment. Supported by Innovation Norway, the debut group participation from Norway will showcase technologies for water quality management and waste treatment.

The Eco Asia Conference, held during the first three days of the exhibition, will provide a platform for government officials, industry experts and business leaders from various countries and regions to discuss key trends, including energy projections, green building technologies and the circular economy. The conference is supported by the Ministry of Ecology and Environment, National Development and Reform Commission, and Ministry of Industry and Information Technology of the People’s Republic of China. Officials from Belt and Road countries, including Malaysia, Laos, Saudi Arabia, Myanmar, Brunei and Vietnam will also attend the conference.

Three focal points in pursuit of dual carbon goals
To achieve dual carbon goals, the development of green energy and green transportation has become a global trend. New energy is a focus of this year’s exhibition and many innovative new energy-related products and technologies will be featured. For example, Hong Kong’s first hydrogen fuel cell street-cleaning vehicle will be showcased at the booth hosted by the Environment and Ecology Bureau in conjunction with other HKSAR government units.

The Inner Mongolia Pavilion will showcase cutting-edge solutions in environmental protection, ecological restoration and new energy. Innovative technical solutions, such as hydrogen purification systems and carbon capture and storage equipment, will be highlighted at the Canada Pavilion. In the Green Transportation zone, GMI Motors Ltd and first-time exhibitor Xiamen Golden Dragon Bus Co. Ltd will present a variety of electric vehicles. Chun Yang International (HK) Company Ltd will demonstrate fast charging and mini wall-mounted EV chargers catering to different needs.

Waste Management and Circular Economy is a second focal point of the Expo, with exhibitor Smart Farming HK Ltd showcasing fish feed made from food waste and a sustainable fish farming concept. First-time exhibitor Nanda (Hong Kong) Technology Corporation Ltd will feature a food waste biodegradation machine that can process up to 36,000 kg of food waste per day.

The Sustainable Restaurant Awards 2024, the first of its kind in Hong Kong’s F&B industry to recognise restaurants based on their carbon footprint, will be presented on the third day of the Expo.

The third focal point of the Expo is ESG-related services which is experiencing strong demand. Several world-leading certification and consultancy companies will exhibit for the first time, including SGS Hong Kong Ltd, Intertek Testing Services Hong Kong Ltd, TUV Rheinland Hong Kong Ltd and BSI Pacific Ltd to present their testing and certification services as well as ESG consulting and training programmes. ESG AI, an innovative tool launched by China Energy Conservation & Environmental Protection (Hong Kong) Investment Co. Ltd, makes use of big data analysis and other technologies to generate regulatory-compliant ESG reports in one click.

Nurturing talent to inject fresh energy
Eco Expo Asia has long been a platform for start-ups to showcase their latest innovations. Hong Kong Science and Technology Parks Corporation will showcase products and technologies from 10 start-ups related to green transport, circular economy and energy efficiency.

In the popular Start-up Zone, exhibitor Ezygreenpak Ltd will demonstrate its patented water-soluble non-woven packaging material that can be completely dissolved in 90°C hot water without leaving any harmful residue. BSF Innovation Ltd’s organic green building powder, consisting of fibre and calcium extracted from insect shells and food waste, can be blended with traditional building materials to make eco-bricks, reducing the manufacturing process carbon emissions by around 40%.

A series of seminars and workshops on Public Day
To encourage residents to adopt green living practices, talks and workshops will be held on the last day of the Expo (2 November), which are free and open to the public. A highlight will be the Dialogue with the Secretary for Environment and Ecology for school students. Experts will share their strategies and experience in tackling extreme weather. The public can also participate in a variety of green workshops and shop for green products at Green Mart.

Photo download: https://bit.ly/3BWSrpj

Website
Eco Expo Asia: www.ecoexpoasia.com

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences, and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Background information on Messe Frankfurt
The Messe Frankfurt Group is one of the world’s leading trade fair, congress and event organisers with their own exhibition grounds. With a workforce of some 2,160 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2022 were around €454 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.

For more information, please visit our website at: www.messefrankfurt.com/sustainability. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent). For more information, please visit our website at: www.messefrankfurt.com

The Electronics Fair and electronicAsia attract more than 60,000 buyers

On-site survey reveals industry expecting ideal market potential for wearable products and robotics technology

– The two major electronics fairs concluded today, attracting over 60,000 industry buyers from 136 countries and regions
– 53% of respondents in an on-site survey expect overall sales to increase over the next 12-24 months, while 43% expect sales to remain stable
– Most respondents believe there is a “very promising” or “promising” market potential for wearable electronic products (65%) and robotics technology (59%)

The Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and electronicAsia, jointly organised by the HKTDC and MMI Asia Pte Ltd, concluded their physical exhibitions today.

The four-day events attracted more than 60,000 industry buyers from 136 countries and regions. The number of buyers from Malaysia, Türkiye, Argentina and the UAE increased from last year. This reflects the exhibitions’ status as important sourcing platforms for the industry.

Sophia Chong, Deputy Executive Director of the HKTDC, said: “The global trend towards smart living is driving demand for innovative products and solutions. The Electronics Fair and electronicAsia serve as efficient platforms for the industry, enabling exhibitors to showcase their electronic products and technology solutions to buyers. We are pleased to see exhibitors and buyers successfully exploring business opportunities at the exhibitions, which are expediting Hong Kong’s development into an international innovation and technology (I&T) centre.”

In late October, the HKTDC will host the Hong Kong International Lighting Fair (Autumn Edition), Hong Kong International Outdoor and Tech Light Expo and ECO Expo Asia to create more cross-industry business opportunities.

Industry optimistic about India, the Middle East, Latin America
An independent survey agency commissioned by the HKTDC interviewed 1,091 Electronics Fair buyers and exhibitors about growth prospects for the industry. 53% of respondents expect overall sales to increase in the next 12-24 months, while 43% anticipate that they will remain stable. Most respondents believe that the electronics industry has the most growth potential in emerging markets, such as India, the Middle East and Latin America over the next two years, followed by Korea, Mainland China, Australia and the Pacific Islands.

In terms of trends in electronic products, most respondents believe there is a “very promising” or “promising” market potential for wearable electronic products (65%) and robotics technology (59%).

Meanwhile, 56% of respondents believe that the market potential for e-sports products and equipment is high. Most respondents consider these products to have the greatest growth potential in North America and Northern and Western Europe.

Exhibitors attract quality buyers at fairs
This year’s Electronics Fair featured more than 20 zones, gathering the latest electronic products and innovative solutions from global exhibitors in areas such as smart cities, smart mobility, gerontechnology and digital entertainment.

First-time exhibitor and Founder of Zunosaki Limited, Newmen Ho, promoted the company’s hand rehabilitation robot in the Startup Zone, seeking Mainland China and overseas distributors, partners and investors. In the first half of the exhibition, he met potential buyers from Taiwan’s nursing homes and from Korea. Additionally, a buyer from India expressed interest in applying the company’s robotic hand technology across different industries.

Hong Kong’s renowned consumer electronics brand Momax achieved impressive results at the fair. The company’s Founder and CEO John Cheng stated that in the first two days of the Fair, the team met some 60 buyers from the Asia-Pacific region and Europe. Momax also formed a long-term partnership with a publicly listed company in Papua New Guinea and is currently discussing an initial order valued at US$50,000.

Additionally, through HKTDC’s Click2Match smart business matching platform, the company connected with another quality buyer from Australia, with the intent to collaborate long-term. Mr Cheng said: “Hong Kong’s exhibitions are world-class, featuring high-quality buyers from a diverse range of countries. This year’s Autumn Electronics Fair saw a significant turnout, and the buyers were very engaged. We will definitely participate again next year.”

Dongguan Maochang Printed Circuit Board Ltd, which develops technological solutions, participated in electronicAsia to stay updated on industry trends and identify potential buyers. The company’s Sales Director, Michael Tsang, said: “Expanding onto the international stage is our primary goal for participating in the exhibition. I am glad that we met with over 200 potential buyers in the first three days to gain a deeper understanding of customer needs.”

Buyer seeks new products to expand market
Vinal Patel, Chief Commercial Officer of UK buyer Brand Collective, has been attending the Electronics Fair for over 20 years. During the first two days of this year’s fair, he secured over US$2 million worth of purchases, including charging cables, power banks and wireless speakers from two exhibitors. He is also considering expanding the range of products he distributes after discovering new offerings at the Fair. Mr Patel said: “The line-up at the exhibition gets better every year, even more impressive than before the pandemic. I will definitely participate in the Electronics Fairs in April and October in the future.”

Turkish buyer and Co-founder of Robotistan Elektronik Tic AS, Yusuf Gündogdu, visited electronicAsia with a purchasing budget of around U$100,000-200,000 for electronic products. He said: “The Electronics Fair is the best opportunity for me to interact face-to-face with exhibitors from around the world. I always find the best prices here. Meeting the founders of start-ups in the Startup Zone excites me. These companies are poised to become some of the best in the future and will drive market development through innovation, which I eagerly look forward to.”

The organisers held 78 events and forums during the exhibitions, inviting industry leaders to share unique insights and the latest industry information. These events included the Symposium on Innovation & Technology, Hong Kong Electronic Forum and Reliability Assurance for Electronic Systems Forum. Other on-site activities catered to start-ups, including investment matching, the Hong Kong Value Creation for Technology: Pitching Competition, Meet the Mentors sessions and Start-up Smart Launch.

Under the EXHIBITION+ hybrid model, exhibitors and buyers can use the Click2Match smart business matching platform to conduct online meetings, in addition to attending the physical fair. Exhibitors and buyers can still explore business opportunities and conduct online negotiations through Click2Match until 23 October.

Photo Download:https://bit.ly/3BVmX2R

Websites
Hong Kong Electronics Fair (Autumn Edition): hkelectronicsfairae/en
electronicAsia: electronicasia/en

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:

Katy Wong	Tel: (852) 2584 4524	Email: katy.ky.wong@hktdc.org
Snowy Chan	Tel: (852) 2584 4525	Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: https://mediaroom.hktdc.com/en

About the HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions , conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

HKTDC welcomes 2024 Policy Address

– Reinforces eight centre advantages for high-quality economic development

The Hong Kong Trade Development Council (HKTDC) welcomes the 2024 Policy Address, delivered today by the Hong Kong Special Administrative Region’s (HKSAR) Chief Executive John Lee.

The Policy Address presents a comprehensive set of measures, ranging from the economy and trade and people’s livelihood to high-calibre talent attraction and youth development. Leveraging Hong Kong’s one country, two systems advantages, the policies will fuel the city’s continued economic growth.

Dr Peter K N Lam, Chairman of the HKTDC, said: “The Policy Address highlights the Hong Kong SAR Government’s efforts in seeking innovation and change, while striving for excellence. It addresses a wide range of areas covering economic growth, trade and investment, SME support, culture and creative as well as construction and planning. Riding on Hong Kong’s eight centre advantages, the Policy Address promotes new quality productive forces and high-quality economic development.”

The annual address announced various measures to reinforce the city’s status as an international financial, shipping and trading centre. Dr Lam believed the move echoes the 20th Central Committee’s Third Plenary Session’s Resolution to develop Hong Kong into a supply chain service centre: “The HKTDC will continue to proactively promote Hong Kong’s eight centre advantages and enhance the development of high value-added supply chain services. We will step up cooperation with InvestHK to set up a mechanism and enhance the interface for attracting mainland enterprises to establish their international or regional headquarters in Hong Kong and provide one-stop diversified professional advisory services to help them go global via the Hong Kong platform.”

He added that the HKTDC will strengthen advisory services of its Transformation Sandbox (T-box) programme to cover a wider range of areas and support Hong Kong enterprises as well as mainland companies in Hong Kong in regard to business transformation, sustainable development and operational upgrade. Businesses are encouraged to leverage the HKTDC’s trade platforms and events to go global and explore international market opportunities, especially in the high-potential ASEAN region.

Dr Lam welcomed the HKSAR Government’s SME support measures, including the relaunch of the Principal Moratorium scheme, a HK$1 billion injection into the BUD Fund and an additional HK$500 million provision for the Incentive Scheme for Recurrent Exhibitions 2.0. He believes the measures will foster SMEs’ sustainable development and reinforce Hong Kong’s role as a leading convention and exhibition hub.

The Policy Address stated the Hong Kong Shopping Festival will be relaunched in the next two years to help SMEs tap into the mainland e-commerce sales market. Dr Lam said: “The inaugural Hong Kong Shopping Festival organised by the HKTDC in August this year received an enthusiastic response. Not only did it raise participants’ brand exposure, but also provided them with practical experience in e-commerce operations. We will build on this year’s success and host the second edition of the Festival next August, and in the ASEAN market in due course, to enable Hong Kong SMEs to explore market opportunities via e-commerce and social media platforms.”

To help SMEs understand e-commerce marketing, the HKTDC will publish research reports and analyses on e-commerce ecosystems in different markets, such as ASEAN, to help businesses lay a solid foundation in e-commerce operations. Through its Digital Academy and Design Gallery’s (DG) cross-border e-commerce shops on Taobao and JD International, the HKTDC has been offering comprehensive support to Hong Kong SMEs to leverage diverse e-commerce and digital marketing channels to explore mainland opportunities. DG’s 70 physical sales network in the mainland serve as an ideal platform to promote Hong Kong brands in the region. As for the ASEAN market, the HKTDC’s DG Studio programme helps connect local businesses with ASEAN physical retailers and e-commerce platforms.

In terms of strengthening SMEs’ brand development, the HKTDC will continue to organise some 40 international exhibitions and conferences in Hong Kong every year. We will also set up more Hong Kong Pavilions in mainland and overseas exhibitions and further enhance business matching, to support SMEs in developing their brand and tapping global opportunities.

On promotion of Hong Kong’s cultural and creative industries, as mentioned in the Policy Address, more Hong Kong, mainland and overseas cultural and creative products will be added to the Asia IP Exchange (AsiaIPEX), managed by the HKTDC, to facilitate cross-sector exchanges and cooperation and contribute to Hong Kong’s development into a regional IP trading centre. Currently, the platform displays more than 28,000 IP projects available for trading. The HKTDC will continue to promote cultural and creative products as well as IP transformation and trading on its platforms, such as the Business of IP Asia Forum, Hong Kong International Licensing Show and the Hong Kong International Film and TV Market.

Dr Lam also welcomed measures addressing new quality productive forces, the Northern Metropolis, digital economy and silver economy, which will help Hong Kong businesses further explore opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area and Belt and Road countries and regions.

Addressing the reduction of the liquor duty rate, Dr Lam believes that the move will strengthen related trade and further promote Hong Kong as a regional wine trading hub. He added that the 16th Hong Kong International Wine and Spirits Fair will be held from 7 to 9 November, which will showcase fine wines from around the world, including liquors and white wines in the mainland pavilions, whiskeys from Japan and Ireland and spirits from around the world. Fair seminars will highlight the prospects of Hong Kong’s spirits market, while Chinese liquor promotional events will help the industry seize new opportunities.

In conclusion, Dr Lam said: “The HKTDC will continue to support and complement national development and the Hong Kong SAR Government’s policies. We will work closely with the business community to leverage Hong Kong’s advantages and promote sustainable economic growth.”

Media enquiries
Please contact the HKTDC’s Communication & Public Affairs Department:

Sam Ho

Tel: (852) 2584 4589

Email: sam.sy.ho@hktdc.org

To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tc

Standard Chartered GBA Business Confidence Survey shows softer business performance in Q3

– Sentiment continues to improve, Hong Kong has the highest expectations

Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today released the Standard Chartered GBA Business Confidence Index (GBAI) for the third quarter of 2024. The “expectations” index rose for a second straight quarter to 55.2 from 54.8 in Q2, reflecting sentiment continued to improve modestly among firms. The “current performance” index for business activity fell to 50.6 from 54.1 in Q2, indicating a further weakening of economic momentum after a challenging first half of 2024.

Hong Kong leads bulls
At city level, Hong Kong and Dongguan registered improvements in both current performance and expectations sub-indices. Hong Kong posted the highest “expectations” index, rising to 58.8 from 49.7 in Q2, the steepest rise among the 11 Guangdong-Hong Kong-Macao Greater Bay Area cities, while “current performance” slightly increased by 0.2 points to 47.3. The “expectations” index of the other five cities in the survey were all above the 50 neutral mark.

In line with the soft set of China macro data in July and August, the sub-indices for industry categories trended down in general, with the manufacturing sector suffering the most. In terms of “expectations”, while GBA manufacturers’ confidence may have been affected by a potential surge in US tariffs against China-origin products in the event of a Trump win in the November US presidential election, the score remained stable at 54.1, well above the neutral mark.

Kelvin Lau, Senior Economist, Greater China, Standard Chartered, said: “The survey findings are in line with the economic data released in August, pointing to a slower industrial production, retail sales and fixed asset investment growth on subdued domestic demand and adverse weather. Nevertheless, it is noteworthy that the optimism associated with China’s stronger-than-expected stimulus package introduced in late-September, together with the new phase of Fed’s rate cut cycle, has yet to reflect in the third quarter survey findings. We believe the business sentiment among GBA companies can be boosted in the near term, driven by the positive sentiment and jump in equity market turnover following the announcement of the stimulus measures.”

60% GBA companies express concerns over risk factors – rates, economic growth and trade barriers topped the list
While the rate-cutting cycle can serve as a tailwind to business, the market outlook remains challenging. 60% of respondents saw external and internal risks posing a substantial risk to their overall business in the next 12 months. “Higher global inflation and interest rates” (47%), “renewed China growth slowdown” (46%) and “trade tariffs, sanctions against China-origin products” (42%) were the top three concerns. The Fed’s recent jumbo rate cut in September, signalling potential relief to GBA companies, likely offset lingering trade and geopolitical risks in the run-up to the US presidential election.

During the survey period, the discussion on tariff hikes against products of Chinese origin arose again. In terms of trade barriers, 47.2% of respondents said they were negatively impacted by tariff hikes versus 44.2% by sanctions and 34.6% by non-tariff barriers.

In the event of further rise in trade disputes between China and the US/EU, of the 37% survey respondents involved in external trade and anticipating a change to their external trade in the next few months, 88% said they would front-load their second-half export orders, while 81% said they would front-load their imports to minimise the potential impacts to their businesses.

Irina Fan, HKTDC Director of Research, said: “GBA manufacturers may have concerns about a potential surge in US tariffs against China-origin products after the November US election. However, some 50-60% of the respondents do not anticipate any potential negative impacts on their business.”

About the GBAI
The GBAI is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects in cities and industries across the GBA. It is compiled based on a survey of more than 1,000 companies in the GBA covering the manufacturing and trading, retail and wholesale, financial services, professional services and innovation and technology sectors. The index enables investors and businesses to better understand the current business climate, gauge future performance prospects and formulate their market strategies for the GBA.

Related materials
Standard Chartered GBA Business Confidence Index Report: https://www.sc.com/hk/gba/gba-index-report/
HKTDC Research: https://research.hktdc.com/en/article/MTgyMTM1MTk5Nw

Photos download: https://bit.ly/3NrhLXc

Media enquiries
Corporate Affairs Department
Standard Chartered Bank (Hong Kong) Limited
Flora Chiu
Tel: (852) 3843 2285
Email: flora.chiu@sc.com

Communications & Public Affairs Department
HKTDC
Katy Wong Clayton Lauw
Tel: (852) 2584 4524 Tel: (852) 2584 4472
Email: katy.ky.wong@hktdc.org Email:clayton.y.lauw@hktdc.org

About Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Electronics Fair and electronicAsia open today

Some 3,200 global exhibitors showcasing cutting-edge products and solutions

– Exhibitors from 19 countries and regions, including Hong Kong, Mainland China, Japan, Korea, various ASEAN countries, the UAE, other Asian countries as well as the United States and Europe
– The Electronics Fair highlights products and technology solutions for smart mobility, the silver economy, digital entertainment and more, while electronicAsia also presents various zones
– The two fairs will host more than 70 events and forums, including the Symposium on Innovation & Technology, co-organised by the Hong Kong Trade Development Council and Hong Kong Electronics & Technologies Association, taking place on 14 October

The Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and electronicAsia, organised by the HKTDC and MMI Asia Pte Ltd, open today and will run until 16 October at the Hong Kong Convention and Exhibition Centre (HKCEC).

The two fairs bring together some 3,200 exhibitors from 19 countries and regions, including Hong Kong, Mainland China, Taiwan, Japan, Korea and India, key ASEAN countries, including the Philippines, Singapore and Vietnam, as well as the UAE, the United States and Europe.

HKTDC has also arranged for 110 buying missions from around the world to visit the exhibitions, facilitating business opportunities and fostering global industry exchange.

Electronics Fair showcases trendsetting products
This year’s Electronics Fair, themed World’s Leading Electronics Marketplace, provides a platform to showcase cutting-edge products and innovative ideas to global buyers. More than 20 zones have been set up at the fair, with key highlights including the Hall of Fame, Tech Hall and Startup Zone.

To align with trends in innovative technology and market sourcing demands, a new Digital Entertainment Experience Zone features products that use VR and AR technologies, while an Energy Storage Zone showcases EV chargers and high-capacity, high-power portable energy sources.

The Electronics Fair highlights products and technology solutions in the areas of smart mobility, the silver economy, digital entertainment and more, including:

Smart Mobility:
Smart Traffic Management Platform
The Hong Kong Applied Science and Technology Research Institute (ASTRI) (booth number: CH-J04) is showcasing smart mobility tech, including a smart traffic management platform, an autonomous bus pilot project for the West Kowloon Cultural District and privacy-protecting sensing tech for roadside equipment.

Intelligent Cabin Solutions
Hardstone Intelligent Cabin Solutions (Hardstone Mobile Media (Asia Pacific); booth: 1CON-025) features an AR display that provides useful information for drivers, including navigation suggestions, lane change alerts and collision warnings. The solution also include a multimedia entertainment system.

Silver Economy:
Thermal Imaging Fall DetectorCollie R1 (ThingX Technologies Limited; booth number: CH-B02), an AI-powered thermal imaging fall detector, can monitor human activities in real-time, accurately identifying falls and issuing alerts. It is suitable for residential areas, nursing homes and public places.
Transcutaneous Electrical Nerve Stimulator (TENS)The TENS (Hivox Biotek Inc.; booth number: 3F-E15) provides physiotherapy treatment for pain relief.

A Smart Ageing Products label will also be provided to exhibitors with products and solutions for the silver market, making it easier for buyers to source relevant products.

Digital Entertainment:
3D Naked-eye Holographic Screen
The 3D Naked-eye Holographic Screen (Dongguan Ruyuan Intelligent Technology; booth number: GH-C10) can create 3D animations that do not require 3D glasses for viewing. Images can also be controlled in real-time through a mobile app.

Web 3.0 Travel Platform
Mr Panda! (Charming Panda(HK) Technology; booth: CH-D11) is an AI-driven Web 3.0 platform that provides travel information, itinerary planning and AI tour guide services, while offering AR and MR immersive experiences.

Other Areas:
Smart Lock
Keyin Smart Lock, (Raonark Inc.; booth number: 5C-C10), which uses patented technology, is equipped with an intelligent anti-theft chain. Traditional anti-theft chains can only be opened from the inside. This smart anti-theft chain can be unlocked from the outside through a mobile application, eliminating the need to trouble family members inside to open the door.

Outdoor Security Patrol Robot
The outdoor security patrol robot (Tobot Solution Limited; Booth: CH-L03) can operate on slopes and areas with obstacles, cracks, sand, snow and grass. It monitors crowd gatherings and identifies fires. It can also be equipped with devices for putting out fires and for disinfection.

The concurrent electronicAsia also features different zones, including electronic components, keyboards and switches, power supplies, printed circuit boards and electronic manufacturing services, display technology, and test and inspection equipment.

Among the exhibitors is Chip Sun Technology from Shenzhen, recognised by the government as a ‘specialised, refined, distinctive and innovative small and medium enterprise in Guangdong Province’. The company is renowned for its quartz crystals that are used in mobile phones, Bluetooth devices, GPS systems, WiFi technology, smart home applications and various other sectors.

The organisers and partners are hosting more than 70 events and forums during the two fairs.

The Symposium on Innovation & Technology, jointly organised by the HKTDC and the Hong Kong Electronics & Technologies Association and themed ‘When Two Worlds Collide: The Confluence of Digital Twins & Real-Life Applications’, will take place on 14 October. Tony Wong, Commissioner for Digital Policy of Innovation, Technology and Industry Bureau’s Digital Policy Office, will deliver the opening remarks.

Distinguished speakers from Arup, ASMPT SEMI Solutions Segment, the Institute of Electrical and Electronics Engineers, ASTRI and The Hong Kong Polytechnic University will explore how simulations and predictions in the virtual world can enhance decision-making and productivity.

The HKTDC, the Hong Kong Electronic Industries Association and Centre for Advances in Reliability and Safety have jointly organised today’s Reliability Assurance For Electronic Systems Forum, which kicks off a series of activities.

The Hong Kong Electronic Forum, co-organised by the HKTDC, MMI Asia Pte Ltd and the Hong Kong Electronic Industries Association, scheduled on 15 October, will discuss “Innovation Unleashed: The Intersection of Microelectronics, AI, and Open-Source Ecosystems”, delving into industry trends, technological advancements and practical applications.

During the exhibitions, there will also be different events for start-ups to promote their ideas, seek investor support and learn from industry experts. These events will include start-up investment matching, the Hong Kong Value Creation for Technology: Pitching Competition, Meet the Mentors sessions and Start-up Smart Launch.

Under the EXHIBITION+ hybrid model, exhibitors and buyers can meet online through the HKTDC Click2Match smart business matching platform, in addition to attending the physical fairs.

Photo Download:https://bit.ly/4h3ovbi

Websites
– Hong Kong Electronics Fair (Autumn Edition): https://hkelectronicsfairae.hktdc.come
– lectronicAsia: http://www.electronicasia.com

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Hong Kong Electronics Fair (Autumn Edition)
electronicAsia
Katy Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.org
Snowy Chan Tel: (852) 2584 4525 Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com/en

About the HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Hong Kong Films @ Busan 2024 opens tomorrow

– Creating opportunities for international cooperation

The Hong Kong Film Development Council, Cultural and Creative Industries Development Agency and Hong Kong Trade Development Council (HKTDC) are jointly organising Hong Kong Films @ Busan 2024 at the Asian Contents and Film Market (ACFM) on 5-8 October during the Busan International Film Festival (BIFF).

The campaign aims to promote Hong Kong film industry and facilitate exchanges and collaboration with Asian and international players. To achieve this end, Hong Kong, we will set up the Hong Kong Pavilion at ACFM. In addition, there will be an exhibition, seminars, a master class and networking events. This evening’s Hong Kong Night will allow Hong Kong industry representatives to connect and forge partnerships with their peers from Korea, Asia and beyond.

The Hong Kong Pavilion, which is sponsored by Hong Kong Film Development Council, will bring together leading distributors and production companies from Hong Kong. These include Cappu Films, Edko Films, Emperor Motion Pictures, Golden Scene, Mei Ah Entertainment Group, mm2 Studios Hong Kong and One Cool Pictures. Also, the Asian Film Awards Academy, the Industry Office of Hong Kong International Film Festival Society and Metason Limited will be present to exchange ideas with international business partners and foster collaboration.

Hong Kong as an important link for co-productions in Asia
The seminars are platforms for Hong Kong’s industry insiders to share insights and market trends. Media Asia Group Co-Founder John Chong, a veteran producer, will share his experiences at the Opportunities in HK-Asia Co-Production seminar on 6 October. Jeffrey Chan, CEO of Just Creative Studio, and other speakers will share their insights on project development, production, film financing and distribution of co-production projects.

Another seminar, Hong Kong Co-production Funding and Location Insights, will be held on 7 October. Cindy Chan, Head of Film Production of the Cultural and Creative Industries Development Agency, will introduce the Hong Kong-Europe-Asian Film Collaboration Funding Scheme. Chu Chen On, Executive Producer of October Pictures Limited, will share his experiences in providing location support services for major international films in Hong Kong.

These seminars aim to promote the edge of Hong Kong as an East-meets-West Centre for International Cultural Exchange, with extensive film production resources and rich experiences in film production in Mainland China to international filmmakers.

Hong Kong film selected for BIFF New Currents
Many emerging Hong Kong directors have come to the fore in recent years. Among them is Chan Oliver Siu Kuen, who won Best New Director at the 38th Hong Kong Film Awards for her debut feature Still Human. She is the director, screenwriter and producer of her second feature on the challenges of motherhood called Montages of a Modern Motherhood. It is selected for the New Currents section of this year’s BIFF and will be world premiered at the festival. The cast includes Hedwig Tam and Lo Chun Yip.

Hong Kong film companies will be presenting their latest films in Busan too. They include:
– One Cool Pictures’ The Trier of Fact by Calvin Tong, an action film starring Louis Koo, Eddie Peng, Raymond Lam and Chrissie Chau;
– Edko Films’ Cesium Fallout by Anthony Pun, Hong Kong’s first film about a radiation disaster, starring Andy Lau, Bai Yu and Karen Mok;
– Emperor Motion Pictures’ The Last Dance by Anselm Chan, which explores the issues of life and death, co-starring two generations of comedians, Dayo Wong and Michael Hui; and
– Mei Ah Entertainment Group’s Last Song For You by Jill Leung, starring Ekin Cheng, Ian Chan and Natalie Hsu.

Participating Exhibitors and Full Programme:
https://hkservices.hktdc.com/en/s/Film-Promotion-1024-ACFM

Photo Download: https://bit.ly/3BsUSjx

Media enquiries
For enquiries, please contact HKTDC’s Communications & Public Affairs Department:

Sharon Ha

Tel: (852) 2584 4575

Email: sharon.mt.ha@hktdc.org

HKTDC Newsroom: http://mediaroom.hktdc.com/en

About the HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please
visit: www.hktdc.com/aboutus.

Hong Kong Film Development Council
The Hong Kong Film Development Council (FDC) was established on 15 April 2007. The main role of FDC is to advise the Secretary for Culture, Sports and Tourism on the policy, strategy and institutional arrangement for the promotion and development of the film industry, as well as the use and allocation of public funds to support the industry.

https://www.fdc.gov.hk

Cultural and Creative Industries Development Agency
The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.

www.ccidahk.gov.hk

Four major tech fairs open in October

– Some 6,200 global exhibitors, debut Digital Entertainment Experience Zone and upgraded Hall of Connected Lighting in spotlight

– Fairs will welcome some 6,200 exhibitors from 29 countries and regions
– Electronics Fair will spotlight smart mobility, the silver economy and digital entertainment, while debuting the Digital Entertainment Experience zone
– Renowned designer Tino Kwan and his team, along with CM Jao from OFT Interiors, will present a demonstration area at the upgraded Hall of Connected Lighting at the Lighting Fair
– The Outdoor and Tech Light Expo will introduce a new Smart Pole and Solution zone

The Hong Kong Trade Development Council (HKTDC) will host four technology fairs this autumn. The Hong Kong Electronics Fair (Autumn Edition) and electronicAsia will take place on 13-16 October at the Hong Kong Convention and Exhibition Centre (HKCEC). The Hong Kong International Lighting Fair (Autumn Edition) will be held on 27-30 October at the HKCEC, while the Hong Kong International Outdoor and Tech Light Expo will take place from 29 October to 1 November at AsiaWorld-Expo.

Some 6,200 exhibitors from 29 countries and regions will showcase innovative products and solutions as well as related services and information, fostering industry exchange and connections to drive smart city development.

At the press conference, Jenny Koo, Assistant Executive Director of the HKTDC, said: “As we step into peak exhibition season in October, the HKTDC will present four autumn technology fairs. Businesses from around the world, as well local exhibitors and start-ups, will take part. In addition to in-person engagements at the exhibitions, both buyers and exhibitors can leverage the Click2Match smart matching platform for seamless online matching and business discussion. The exhibitions serve as pivotal platforms for exhibitors to promote their technologies and for buyers to source products and solutions, showcasing Hong Kong as a leading international innovation and technology hub.”

Autumn Electronics Fair spotlights three key areas
The Autumn Electronics Fair and electronicAsia will feature some 3,200 exhibitors from 19 countries and regions.

The 44th edition of the Electronics Fair, themed the World’s Leading Electronics Marketplace, will cover consumer electronics, including smart products and appliances for home and commercial use, audiovisual equipment and the latest tech solutions across more than 20 zones.

The Hall of Fame will showcase more than 500 renowned brands. These include: electronics brand TOSHIBA from Japan; CG Mobile from France, which is collaborating with several fashion brands, including GUESS and LACOSTE, to launch mobile accessories; smart fitness and household products brand RENPHO from the US; developer of smart automotive products RoadRover Technology from Mainland China; and consumer electronics brand Momax from Hong Kong.

The Tech Hall will display cutting-edge products and solutions, while the Start-up Zone will feature start-ups, including those nurtured by Hong Kong Science Park and Cyberport, showcasing smart solutions and products designed to address challenges faced by various industries.

Keeping up with technological trends and societal needs, this year’s Electronics Fair will focus on three key areas: digital entertainment, smart mobility and the silver economy.

In line with recent developments in the gaming industry and the trend of wearable technology, the Computing & Gaming Zone will exhibit gaming headsets, keyboards and controllers, while the debut Digital Entertainment Experience Zone will allow visitors to try products that use VR and AR technologies for an immersive experience.

In the field of smart mobility, a local start-up will showcase electric vehicle retrofitting technology that can transform fuel-propelled cars into EVs, along with a classic car that has been converted into an EV. Hong Kong Applied Science and Technology Research Institute will showcase their C-V2X technologies for enhancing the safety of autonomous driving. An Automotive & In-Vehicle Electronics Zone will feature driving-related equipment. Following last year’s success, this year’s exhibition will also include an Energy Storage Zone exhibiting EV chargers and other high-capacity, high-power portable energy storage devices.

The HKTDC has also incorporated more silver economy elements into this year’s Electronics Fair, in response to a measure proposed in last year’s Policy Address. These include fitness and health products tailored for seniors, with a tag to help buyers identify relevant products.

electronicAsia, jointly organised by the HKTDC and MMI Asia Pte Ltd, will showcase electronic components, keyboards and switches, power supplies, printed circuit boards and electronic manufacturing services, display technology and test and inspection equipment.

The two fairs will also offer forums, seminars and activities. The Symposium on Innovation & Technology on 14 October, jointly organised by the HKTDC and the Hong Kong Electronics & Technologies Association, will feature heavyweight speakers from Arup, ASMPT, the Institute of Electrical and Electronics Engineer, Hong Kong Applied Science and Technology Research Institute and the Hong Kong Polytechnic University. These experts will discuss the theme When Two Worlds Collide: The Confluence of Digital Twins & Real-Life Applications, exploring how simulations and predictions in the virtual world can enhance decision-making and productivity.

Other events include the Reliability Assurance for Electronic Systems Forum, co-organised by the HKTDC, the Hong Kong Electronic Industries Association and Centre for Advances in Reliability and Safety. The annual Hong Kong Electronic Forum, co-organised by the HKTDC, MMI Asia Pte Ltd and the Hong Kong Electronic Industries Association, will delve into development trends for microelectronics, AI and open-source ecosystems.

The exhibitions will also include support for start-ups, including investment matching, the Hong Kong Value Creation for Technology: Pitching Competition, Meet the Mentors sessions, Start-up Smart Launch and much more. Start-ups can promote innovative ideas, invite support from investors and seek advice from experts on business development.

Lighting Fair highlights Hall of Connected Lighting
This year’s Autumn Lighting Fair and Outdoor and Tech Light Expo, themed Light & Life, will bring together some 3,000 exhibitors from more than 20 countries and regions to showcase innovative products and solutions that integrate lighting with life.

The Autumn Lighting Fair not only provides industry players with a one-stop sourcing platform, but also highlights key trends on sustainable development, healthy living and innovative design.

The Connected Lighting Zone, which made its debut last year, will be upgraded to the Hall of Connected Lighting, to highlight the market’s pursuit of high-quality design and smart solutions. International brands JDI from Japan and Signify from the Netherlands will move to this hall, together with returning exhibitors, LEDiL from Finland, Tridonic from Austria, TUYA Smart from Mainland China, and newcomers TOPMET from Poland and Zencontrol from Australia. The hall will gather some 50 industry elites to showcase innovative designs, smart technologies and solutions.

JDI will demonstrate its LumiFree system that uses liquid crystal technology to control light dispersion and alter light patterns in settings, such as, museums, high-end hotels, conferences and restaurants. This technology has just won the Japan Lighting Technology Development Award and the Innovative Product Award at the Asia Lighting Conference.

Tridonic will debut its lichtMonitor lighting control software in Asia. The Shanghai Pudong Intelligent Lighting Association, in collaboration with the DALI Alliance, will bring 33 key brands, such as, Dalite, Herculux and Quectel, to present their intelligent lighting ecosystem.

To showcase the latest industry trends and aesthetics, renowned designer Tino Kwan and his team, in collaboration with CM Jao from OFT Interiors, will present a demonstration area at the Hall of Connected Lighting, transforming it into an artistic realm while showcasing the interaction between light and life through smart lighting systems and carefully selected fixtures that combine light and shadow with geometric structures. The lighting fixtures and systems used in the demonstration space are jointly sponsored by renowned commercial lighting brand ERCO and lighting effects expert TRAXON | e:cue.

New zone in the Outdoor and Tech Lighting Expo
This year, the Outdoor and Tech Lighting Expo is also introducing a Smart Pole & Solution Zone, showcasing innovative solutions to optimise energy efficiency, while enhancing the quality of life for urban residents. These include products with various sensors and adjustable lighting levels, as well as products that use traffic detection systems for real-time traffic management and solar power to reduce energy consumption. Other zones include Horticultural Lighting, Outdoor & Public Lighting and Technical & Professional Lighting, showcasing solutions for outdoor commercial and industrial use.

The twin lighting shows will also include a series of seminars, product launches and networking events. The Innovative Lighting Design Forum will take place for the first time on 27 October at the HKCEC, focusing on two topics: Arts of Lighting: Astonishing Design for the Dynamic Future and Lighting Design Tugging at the Heartstrings: Integrating the Cultural Legacy of RCEP Markets. Renowned architects and lighting designers will share leading design cases from various regions, analysing the latest market trends. The Connected Lighting Forum on 28 October will explore interconnected and intelligent lighting applications.

The AsiaWorld-Expo will host three seminars, including Spotlighting on Architainment Lighting on 29 October. Outdoor lighting professionals will share cases of architectural lighting, festive lighting, drone light shows and more.

Under the EXHIBITION+ hybrid model, exhibitors and buyers can also conduct online meetings with the HKTDC Click2Match smart business matching platform.

The online exhibitions for the Autumn Electronics Fair and electronicAsia will be held on 6-23 October. The online exhibitions for the Autumn Lighting Fair and the Outdoor and Tech Light Expo will take place from 20 October to 8 November.

Photo download: https://bit.ly/4esCpSI

Websites
– Hong Kong Electronics Fair (Autumn Edition): hkelectronicsfairae.hktdc.com
– electronicAsia: www.electronicasia.com
– Hong Kong International Lighting Fair (Autumn Edition): hklightingfairae.hktdc.com
– Hong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.com

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:

Hong Kong Electronics Fair (Autumn Edition)
electronicAsia
Katy Wong Tel: (852) 2584 4524 Email: katy.ky.wong@hktdc.org
Snowy Chan Tel: (852) 2584 4525 Email: snowy.sn.chan@hktdc.org

Hong Kong International Lighting Fair (Autumn Edition)
Hong Kong International Outdoor and Tech Light Expo
Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.org
Clayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.org

HKTDC Newsroom: http://mediaroom.hktdc.com/en

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

HKTDC Export Confidence Index 3Q24: Positive exporter confidence amid solid sales

– Growing orders and upbeat sentiment for ASEAN and mainland

Hong Kong traders remain optimistic about their prospects with a sustained period of moderate growth believed to be underway. This was the key finding of the Hong Kong Trade Development Council (HKTDC) Export Confidence Index for the third quarter of 2024 as released today.

The Index – a quarterly review of the views and expectations of Hong Kong-based traders across a broad cross-section of industry sectors – showed that, despite a slight decline compared to the second quarter, underlying sentiment remains broadly positive. In another welcome outcome, the majority of the sub-indices remained in expansionary territory, a clear indication of widespread anticipation of continued growth.

Putting the overall findings into context, Irina Fan, Director of HKTDC Research, said: “Hong Kong exporters remain resilient, despite the uncertainty stemming from lingering trade tensions. Indeed, the majority of respondents reported no – or only minimal – impact from the recent round of trade restrictions and higher tariffs.”

Strong sales and new orders
Looking at the findings in greater detail, the overall Current Performance Index rose by 1 point to 52.6, a development seen as reflecting strong sales and new orders, rising unit prices and expanding procurement activities. This was underlined by concurrent rises in the relevant Sub-Indices – the Trade Value Sub-Index (56.2, +2.5) and Procurement Sub-Index (57.3, +3.3). Although the Sales & New Orders Sub-Index recorded a moderate 1.8-point drop, it stayed resolutely in expansionary territory at 55.7.

The Expectation Index also remained in expansionary territory at 51.4 even after a 2.9-point dip. This decrease was driven mainly by the 8.5-point decline in the Trade Value Expectation Sub-Index (down to 51.7), with traders expecting unit prices to increase only moderately.

The same traders, however, remained optimistic about the outlook for sales and new orders (with a Sales & New Orders Expectation Sub-Index reading of 54.6); and look set to continue to expand their procurement activities (Procurement Expectation Sub-Index: 55.4).

Overall, the findings suggest that the immediate future will be characterised by moderate, sustained export growth.

Cost pressures lessen, but remain major concern
It was also apparent that costs remained the major drag on exporter confidence in the third quarter. While both the Current and Expectation Cost Sub-Index showed some improvement, scores remained at about the 35 level, an indication that exporters are still facing strong cost pressures.

In terms of Current Performance, exporters have seen increased Sales and New Orders across all their key markets. With regard to outlook (Expectation), exporters were most upbeat about the ASEAN bloc (59.7) and mainland China (58.4).

By industry, the third quarter saw an improvement in Current Performance across all sectors. In terms of prospects for the near-term, Clothing exporters are the most optimistic at 61.2, followed by Toys (58.7) and Jewellery (56.4).

Looking to the immediate future, Nicholas Fu, Senior Economist with HKTDC Research, said: “Exporters from five out of the six key sectors expect the current positive business momentum to continue. Overall, Clothing exporters were the most upbeat, followed by those in the Toys and Jewellery sectors. While it is noteworthy that cost pressures are expected to stay high across all sectors, there is some possibility of a slight improvement further down the line.”

In addition to addressing the standard index criteria, the latest survey also focused on several specific thematic questions with regard to the primary challenges facing exporters and the favoured forward strategies of participants. Responses here showed that:

– High and rising costs (transport, labour, production and capital) were seen as the most significant challenges.
– In order to mitigate any related risks, Hong Kong exporters intend to adopt more cautionary business strategies.
– Regarding the impact of recent trade restrictions and higher tariffs on certain China-origin exports, 60% of respondents reported no impact on their business to date, while 39% expect only a moderate downside.
– On the sustainability front, however, fewer than 20% of respondents were familiar with the EU’s newly enacted Ecodesign for Sustainable Products Regulations (ESPR), which is expected to have a broad impact across many industry sectors.

Notes for Editors
The HKTDC Export Confidence Index was introduced in the first quarter of 2024. It is a composite of five sub-indices – Sales and New Orders, Trade Value, Cost, Procurement and Inventory – and seeks to provide a comprehensive overview of Hong Kong exporter sentiment.

There are two primary / overall indices, one of which gauges the Current Performance in the present quarter, while the other considers the Expectation for the upcoming quarter via a weighted average of the following five sub-indices:

– Sales and New Orders: This is an indication of overall export performance as well as the level of new export orders received by respondents. This index is compiled based on respondents’ feedback regarding the prospects of each of their major export markets.
– Trade Value: This focuses on tracking the movement of unit export prices.
– Cost: This tracks cost pressures as they relate to day-to-day operations, including raw material prices / labour and other operational costs/ financing requirements. Compared with the other indices, it is an inverted index, with an index reading above 50 indicating a downward trend for costs, while a reading below 50 indicates an upward trend for costs.
– Procurement: This is a measure of the input-buying activity of Hong Kong traders.
– Inventory: This tracks the overall inventory levels held by respondents for present use and the upcoming quarter. An index reading above 50 indicates a lower-than-normal inventory level, while a reading below 50 indicates a higher-than-normal inventory level.

To view this press release in Chinese, please visit http://mediaroom.hktdc.com/tc

References
– HKTDC Research website: http://research.hktdc.com/
– HKTDC Export Confidence Index 3Q24: Sustained Optimism Underpinned by Strong Sales and New Orders https://research.hktdc.com/en/article/MTgwNDk1NTM5OQ

Photo download: https://bit.ly/4deCzLZ

Media enquiries
Please contact the HKTDC’s Communication and Public Affairs Department:

Jane Cheung

Tel: (852) 2584 4137

Email: jane.mh.cheung@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

41st Watch & Clock Design Competition winners recognised at awards ceremony

– Advanced designs highlight Hong Kong’s strength in innovation

The physical exhibitions of the 43rd HKTDC Hong Kong Watch & Clock Fair and 12th Salon de TIME, organised by the Hong Kong Trade Development Council (HKTDC), Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd, successfully concluded on 7 September. The two fairs attracted some 17,000 buyers from 106 countries and regions. The results of the 41st Hong Kong Watch & Clock Design Competition, also facilitated by the three organisers, were announced. All winning and finalist entries were displayed during the Watch & Clock Fair.

The annual Hong Kong Watch & Clock Design Competition promotes the development of Hong Kong’s watch industry. In addition to encouraging local designers to create more innovative work, the competition also identifies emerging industry talent.

The competition has an Open Group and a Student Group, with Go Beyond Innovation and Talent Moment as their respective design themes. The Go Beyond Innovation theme for the Open Group focused on new concepts and technologies. The Talent Moment theme for the Student Group encouraged participants to explore new frontiers for quartz watches inspired by AI.

70 entries were submitted. The winner, first and second runner-up and merit award recipients were selected by a judging panel comprising eight industry leaders and celebrity artiste Benjamin Yuen.

Open Group creations break with tradition and inspire
This year’s Open Group winner was Vertical 6.0, designed by Wong Ting Bong. This car-racing inspired watch allows the wearer to experience the pursuit of speed and thrill of racing. A metal case placed above the surface presents an industrial aesthetic.

The first runner-up was The time for flowers, designed by Cheng Pui Ling. The watch’s dial is layered with enamel four-leaf clovers and butterflies. As the hand moves, each four-leaf clover near the hour marker unfurls one by one, as if caressed by a spring breeze.

The second runner-up was ODYSSEY, designed by Inspo Watches Company Limited. This watch includes an innovative dual-dial world time display. A unique automatic movement drives two hemispheric time zone dials, with only a simple adjustment needed to check the time in different time zones.

Student Group creations combine elegance with practicality
The Student Group, for students from local registered colleges, looked for up-and-coming watch industry talent. This year’s winner was Liminality, designed by Lau Cheuk Lai who studies at Creative Secondary School. This creation blurs the boundaries between watches and jewellery, showing transitory forms that combine AI with tradition and decoration with practicality.

The first runner-up was Celestial Feathered Symphony, designed by Lee Kwan Ho from The Hong Kong Polytechnic University. This peacock-inspired watch combines ethereal and artistic elements. The pointer movement evokes the imagery of a peacock, dancing amidst a symphony of feathers.

The second runner-up was The Watcher, designed by Yu Po Kwan from the Technological and Higher Education Institute of Hong Kong. This creation features an eye, inspired by surveillance cameras, while a rotating mechanism in the watch face signifies the passage of time.

Newly introduced this year was The Made-to-Sell Award, recognising a student creation that demonstrates exceptional marketability. The award went to Yip Yu Ching from the Hong Kong Design Institute for her creation Starlight. Inspired by stargazing, the watch design included a location tracking function and a constellation diagram.

This watch will be produced under the guidance and support of the Hong Kong Watch Manufacturers Association Ltd and The Federation of Hong Kong Watch Trades & Industries Ltd and will receive its official retail launch at the HKTDC Design Gallery. The winner was selected by another eight industry leaders and the Assistant Executive Director of the HKTDC.

The competition’s Award Presentation Ceremony was complemented by a Fashion x Watch Parade.

Photo download: https://bit.ly/3Xg7EZH

Websites
Hong Kong Watch & Clock Fair: hkwatchfair.hktdc.com
Salon de TIME:https://www.hktdc.com/event/te/en

Media enquiries
Please contact the HKTDC’s Communications & Public Affairs Department:
Johnny Tsui Tel: (852) 2584 4395 Email: johnny.cy.tsui@hktdc.org

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions,conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.