Global lighting marketplace gathers over 3,000 exhibitors

HONG KONG, Oct 27, 2023 – (ACN Newswire) – The 25th Hong Kong International Lighting Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), opened today and runs until 30 October at the Hong Kong Convention and Exhibition Centre, featuring more than 2,600 exhibitors. The eighth Hong Kong International Outdoor and Tech Light Expo runs in parallel from yesterday to 29 October (Sunday) at AsiaWorld-Expo, with 380 exhibitors. Industry professionals and buyers are welcome to visit and source at both events.

The 25th Hong Kong International Lighting Fair (Autumn Edition) and the eighth Hong Kong International Outdoor and Tech Light Expo are open. The two lighting fairs have brought together more than 3,000 exhibitors from 37 countries and regions.

Sophia Chong, Deputy Executive Director of the HKTDC, said: “These two lighting fairs have brought together over 3,000 exhibitors from 37 countries and regions. In addition to local exhibitors, this year our exhibitors come from Mainland China, Taiwan, Japan, Korea, ASEAN countries such as Indonesia, Malaysia and Singapore, as well as European countries including Denmark, France, Germany, Switzerland and the United States, showcasing diverse lighting products and solutions. As a world-class trading hub for lighting, the fairs provide insights into products and industry trends, enabling traders to build business connections and further expand market opportunities.”

A Connected Lighting Zone debuts at the 25th Autumn Lighting Fair, showcasing new products from various renowned companies and brands.

Connected Lighting Zone debuts to showcase smart-lighting products

Under the theme Light Up Every Opportunity, the Hong Kong International Lighting Fair (Autumn Edition) and Hong Kong International Outdoor and Tech Light Expo present a wide range of high-quality lighting products, including those with innovative design, sustainable development and smart elements. The Connectivity Standards Alliance introduced the cross-platform smart-home device standard Matter in 2019, making smart-home systems more convenient. The Autumn Lighting Fair gathers the latest smart lighting products, including the MEGAMAN® Ingenium® Matter series (Booth No. 1C-B02), which is compatible with multiple smart-home systems, and the LEEDARSON Smart Lighting series (Booth No. GH-C02; 1B-D02), which uses a patented colour-mixing algorithm.

The Hall of Aurora gathers innovative lighting products and technologies from many renowned brands.

A Connected Lighting Zone debuts at the 25th Autumn Lighting Fair, showcasing more than 20 renowned international companies and brands including Leedarson, Midea, Snappy, Quectel, as well as members of DALI Alliance and Shanghai Pudong Intelligent Lighting Association.

The Hall of Aurora gathers innovative lighting products and technologies from renowned brands such as Prosperity Group and Signify. Other product zones include Commercial Lighting, Residential Lighting, LED Lighting, LED Essentials, Smart Lighting & Solutions and more.

Forums will explore the latest opportunities in connected lighting during the fair period. The Connected Lighting Forum, themed Unlocking New Realms in Connected Lighting, was held today. Experts such as Mona Xiong, Board Member & Marketing Committee Member, Connectivity Standards Alliance; Head of Ecosystem Partnership, Tuya Smart and Finn Chen, Vice Team Leader, Connectivity Standards Alliance Member Group China (CMGC); CEO, Longan Link Tech Co., LTD. discussed smart-lighting industry developments. The Connected Lighting Forum, themed Smart Lighting for Healthy Living, will be held tomorrow. Experts such as Dr Qiao Yuan, Director, SILA Intelligent Lighting Designer Committee; Vice President, Fudan Planning and Architectural Design Institute and Dr Feng Huang, Chair, DALI Alliance China Focus Group; Chief Expert, Standard and Regulation, Signify (China) will discuss how technology can improve lighting design and contribute to human health.

Energy-saving lighting products cater to sustainable development trends

The Hong Kong International Outdoor and Tech Light Expo features several product zones, including Exterior Lighting Solutions and Systems, Horticultural Lighting, Innobuild, Outdoor Advertising Lighting, Outdoor & Public Lighting as well as Technical & Professional Lighting. The expo showcases outdoor and professional technical lighting solutions for commercial and industrial use, key products include the Sunmao LED graphene street light (Booth No. 8-B23). Highly durable graphene can withstand harsh environmental conditions, extending a street light’s lifespan. Additionally, Jiangsu Sokoyo Solar Lighting Co., Ltd. presents its GOLF – All-in-one solar street light (Booth No. 8-B06), combining solar panels and intelligent sensing technology and features a detachable light pole, providing more lighting industry options and promoting sustainable development and energy conservation.

The New Infrastructure for Smart Cities: Exploring the Trend of Smart Lighting seminar held today featured experts such as Diana Y Lu, Vice Chairman of SILA (Shanghai Pudong Intelligent Lighting Association) and General Manager of Unilumin Lighting who discussed the latest advancements and trends in smart lighting to integrate with emerging technologies such as IoT and AI to turn cities smart. Another session, Development of Smart Poles and Vehicles Forum, invited experts including Dr Feng Huang, Secretary General of the smart-city committee, SILA; Chief Expert, Standard and Regulation of Signify (China) and Zhi-jun Li, Chairman, Shanghai Pudong Intelligent Lighting Association to discuss integrated solutions and challenges in standardisation of smart poles for enhanced safety and efficiency on highways.

The Outdoor and Tech Light Expo runs from 26 to 29 October at AsiaWorld-Expo, in parallel with Eco Expo Asia. Along with the Autumn Lighting Fair, the three events create greater synergies and cross-sector business opportunities for industry players. A free shuttle bus service will be provided between the HKCEC and AsiaWorld-Expo.

Under the EXHIBITION+ hybrid mode, exhibitors and buyers can meet online through the Click2Match smart business matching platform in addition to attending the physical fair until 6 November. The new Scan2Match function launched for the Fairs allows buyers to use the HKTDC Marketplace App during the physical fair to scan the QR codes of exhibitors and product showcases, bookmark favourite exhibitors, browse product information and floor plans as well as engage with exhibitors after the Fairs to continue their sourcing journey.

	The 8th HKTDC Hong Kong International Outdoor and Tech Light Expo	The 25th HKTDC Hong Kong International Lighting Fair (Autumn Edition)
Date	26-29 Oct 2023 (Thursday to Sunday)	27-30 Oct 2023 (Friday to Monday)
Opening hours	26 Oct 2023: 10:30am-6pm; 27-28 Oct 2023: 10am-6pm; 29 Oct 2023: 10am-5pm	27-29 Oct 2023: 9:30am-7pm; 30 Oct 2023: 9:30am-4pm
Venue	AsiaWorld-Expo	Hong Kong Convention and Exhibition Centre
Press Registration Counter	AsiaWorld-Expo East Lobby	Hall 1C Concourse, HKCEC, or at the HKTDC Media Centre (G/F, HKCEC, 1 Expo Drive, Wan Chai)
Media Centre	Room 108, Hall 8 Side Entrance, AsiaWorld-Expo	HKTDC Media Centre
Number of exhibitors	380	More than 2,600
Major exhibit categories	Exterior Lighting Solutions & Systems, Horticultural Lighting, Innobuild, Outdoor Advertising Lighting, Outdoor & Public Lighting, Technical & Professional Lighting	Commercial Lighting, Residential Lighting, LED Lighting, LED Essentials, Smart Lighting & Solutions
Fair website	hkotlexpo.hktdc.com	hklightingfairae.hktdc.com

Photo download: http://bit.ly/3s8mbv3

Media enquiries
The HKTDC’s Communications and Public Affairs Department:
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

The HKTDC’s Media Room: 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

Impressive Q3 Financial Results for Luxshare Precision with Full-Year Performance Expected to Hit RMB10 Billion

HONG KONG, Oct 27, 2023 – (ACN Newswire) – Luxshare Precision, a leading global manufacturer of cable & connector assembly and system solutions for consumer electronics, automotive interconnect, and communication interconnect, recently unveiled its 2023FYQ3 financial results, showcasing robust performance and indicating the potential for exceptional results for the full year. According to the financial report, the company’s revenue for the first three quarters amounted to RMB155.875 billion, reflecting a year-on-year growth of 7.31%. Additionally, Luxshare Precision achieved a net profit attributable to shareholders of the listed company after the deduction of non-recurring gain or loss of RMB7.033 billion, marking a significant increase of 17.63% compared to the previous year. The net profit attributable to shareholders of the listed company reached RMB7.374 billion, demonstrating a year-on-year growth of 15.22%.

Furthermore, Luxshare Precision issued its annual performance forecast, anticipating that the growth of net profit attributable to shareholders of the listed company will be between 17.5% and 22.5% for the full year of 2023 compared to the previous year. This projection indicates a range of RMB10.767 billion to RMB11.225 billion, surpassing RMB10 billion for the first time in Luxshare’s history.

The disclosed financial report underscores Luxshare Precision’s consistent improvement in sales gross margin and net profit margin. These figures rose from 10.03% and 4.20% at the beginning of the year to 11.8% and 5.31%, respectively. The company’s profitability has shown continuous enhancement, positioning it favorably for future growth.

With the imminent arrival of the traditional peak season for consumer electronics and the launch of new products by Apple, Luxshare Precision stands to benefit from significant opportunities. Luxshare Precision has enjoyed a fruitful collaboration with Apple Inc. spanning over a decade, encompassing product lines such as iPhone, Apple Watch, and AirPods. In a previous interview, Wang Laichun, Chairwoman of Luxshare Precision, emphasized the company’s substantial contribution to iPhone production, stating that its iPhone business had doubled in size over the past year. Wang also likened the relationship between Luxshare Precision and Apple to that of a “phoenix” and a “swift bird,” symbolizing their soaring success together.

Moreover, Apple CEO Tim Cook recently visited China and specifically toured Luxshare Precision’s Apple Watch assembly factory alongside Wang Laichun. Additionally, Wang revealed that Luxshare Precision is preparing for the production of Apple’s upcoming Apple Vision Pro, set to launch early next year. Ming-Chi Kuo, an analyst at TF International Securities, shares a positive outlook on the synergistic development between Luxshare Precision and Apple, anticipating further collaboration and stating that Luxshare Precision is currently involved in the introduction of a new high-end iPhone in 2024.

Looking ahead, Luxshare Precision expressed its commitment to strengthening existing businesses while proactively exploring new areas, technologies, and products. Leveraging its advantages of R&D in precision smart manufacturing platforms and processes, the company aims to achieve mutual integration and resource sharing across various sectors, including consumer electronics, communications, and automotive. By establishing a complete vertical integration loop, Luxshare Precision seeks to drive its development as desired.

In the communication field, Luxshare Precision has adopted a strategy of “core components + system-level products” to drive synergistic development. This approach encompasses a wide range of products, such as high-speed interconnects, optical modules, heat dissipation components, base station antennas, base station filters, and modules. The company has already achieved global leadership in specific areas. In addition, Luxshare also mentioned that the company’s overseas business of high-speed copper connectors and wire harnesses is growing rapidly. The company’s optical module products have quickly entered the top three data center customer projects, with some in testing and some already being delivered in small batches.

In the automotive sector, Luxshare Precision covers domains such as automotive wire harnesses/connectors, vehicle electronics, Intelligent cockpits, and autonomous driving. Its product portfolio includes high/low-voltage wire harnesses, special wire harnesses, charging guns, automotive connectors, Intelligent cockpit domain controllers, LCD instruments, and AR HUDs and DMSs. The company has established strong partnerships with leading international automotive brands.

It is worth mentioning that’s, Luxshare Precision’s recent investor relations record shows that its automotive business sector grew by over 50% from January to September 2023 and is expected to maintain good growth momentum in the next 3-4 years.

Overall, Luxshare Precision has made remarkable strides in improving profitability and diversifying its business layout throughout the first three quarters of this year. With the double-digit growth achieved in both revenue and net profit during the reporting period and considering the company’s comprehensive development across multiple industries, categories, and customer segments, Luxshare Precision is poised for sustainable future growth.

OfficeRnD Announces Strategic Growth Investment From Blue Star Innovation Partners

FRISCO, TX, Oct 26, 2023 – (ACN Newswire) – OfficeRnD, a leading provider of coworking and hybrid work software, today announced a strategic investment from Blue Star Innovation Partners (“BSIP”). This partnership with BSIP will enable OfficeRnD to further expand its position as a market-leading software solution for coworking workspaces and businesses operating in hybrid work environments.

Flexible working has become an attractive option for employers and employees alike as they navigate the new ways of working post-COVID, offering the flexibility of working from home along with the social and professional benefits of working in-office. OfficeRnD has grown and scaled rapidly since its inception in 2015, building a customer base of over one thousand companies across 70 countries that rely on their Flex or Hybrid products to run their operations.

Miro Miroslavov, CEO of OfficeRnD, said, “As a customer-focused organization, we are committed to our industry and our clients’ success. We knew that if we wanted to serve our mission even better and serve more businesses, we needed a partner with real experience working with property management solutions. After many months of careful vetting, BSIP was the clear choice due to its outstanding track record with other PropTech solutions and we’re excited to leverage their expertise to build the best solution possible for our customers.”

The injection of capital, coupled with BSIP’s operational, software, and integrated payments expertise, will be instrumental in accelerating the speed of OfficeRnD’s business growth and product offering. The partnership also enables OfficeRnD to further expand its global reach into North America and tap into a deep bench of operational partners.

“Through our work across the PropTech ecosystem, we have greatly admired the quality of OfficeRnD’s software and their relentless focus on the needs of their customers,” said Dan Wechsler, CEO of Blue Star Innovation Partners. “We are grateful for the opportunity to partner with Miro and the rest of the OfficeRnD team as they continue to make property management more efficient, so flexible workplaces can focus on delivering the highest quality experience for their tenants.”

About Blue Star Innovation Partners

Blue Star Innovation Partners (“BSIP”) is a Frisco-based investment firm that partners with leading software and payments companies. Learn more at https://bluestarinnovationpartners.com/.

About OfficeRnD

OfficeRnD builds technologies that power workplace flexibility. Our software solutions are tailored to meet the needs of coworking spaces (OfficeRnD Flex) and businesses (OfficeRnD Hybrid). Learn more at https://www.officernd.com/.

Contact Information
Samantha Kenney, Chief Marketing Officer, samantha.kenney@officernd.com
Linsey Gandy, Chief Compliance Officer, linsey@bluestarinnovationpartners.com

OfficeRnD Leadership Team
https://cdn.newswire.com/files/x/43/b7/186b780db27682edb0bffa7d90eb.png
Miro Miroslavov and Miroslav Nedyalkov, OfficeRnD Co-Founders
https://cdn.newswire.com/files/x/e4/43/47798148cfbb3340e1d2c3490121.jpg

Unlocking the Power of Collaboration: Chief Customer Officers (CCO) & Enterprise Leaders Summit 2024 Empowers Cross-Functional Transformation

Singapore, Oct 26, 2023 – (ACN Newswire) – The Chief Customer Officers (CCO) & Enterprise Leaders Summit 2024, happening in Singapore from 25-28 March, is set to unlock the power of collaboration, fostering cross-functional transformation within enterprises. Expect dynamic insights and actionable strategies for driving customer-centric innovation and digital integration at the forefront of business operations.

Amidst the rapidly shifting tides of the global economy and the dynamic technological landscape, the imperative for enterprises to prioritize a digital-first, customer-centric approach has become more pressing than ever. The intricate nature of integrating technology within business operations necessitates seamless collaboration among cross-functional teams, highlighting the paramount significance of fostering a holistic and unified organizational culture.

Recognizing this pressing need, the Chief Customer Officers (CCO) & Enterprise Leaders Summit is poised to convene a prestigious congregation of thought leaders and internal change agents dedicated to spearheading the paradigm shift necessary for comprehensive customer transformation. This distinguished summit is strategically designed to serve as a pivotal forum for collaborative discourse and actionable insights, catering to an array of cross-functional executives encompassing roles such as Customer, Data, Digital, Technology, Marketing, and Operations.

“Effective cross-functional collaboration is the bedrock of successful enterprise transformation in today’s dynamic business environment,” affirms Jamie Tan, General Manager of IQPC Asia. “The Chief Customer Officers (CCO) & Enterprise Leaders Summit is committed to fostering an ecosystem of collaboration and knowledge-sharing that is essential for enterprises looking to pave the way for a digital-first, customer-first future.”

The highly anticipated summit is scheduled to take place from 25- 28 March 2024, serving as a definitive precursor to the forthcoming The Customer Show Asia expo, scheduled for March 2025. This summit will feature 40+ C-Suite speakers, 9 interactive discussion groups, and 8 modules focusing on critical transformation strategies, including but not limited to:

Digital Transformation in a High-Tech World
Data: Connecting the Dots Enterprise-Wide
The Rise of Phygital Experience
The Rise of Gen Z
Cross-Functional Accountability for Customer Strategies
Game-Changing Innovation for Real-Time Customer Interactions
Leveraging Internal Champions for Customer Transformation
AI-Driven Customer Transformation

With its exclusive focus on dismantling operational silos and driving tangible, enterprise-wide transformation, the Chief Customer Officers (CCO) & Enterprise Leaders Summit promises to be a pivotal juncture for business leaders aiming to navigate the intricacies of the modern customer landscape.

For more information and to download the agenda, please visit the official event website at www.cxnetwork.com/events-ccoandenterpriseleaderssummit/agenda-mc.

Don’t miss the opportunity to bring your team members along and enjoy up to 45% discount. Register now to secure your seats at this transformative event: www.cxnetwork.com/events-ccoandenterpriseleaderssummit/srspricing

Eco Expo Asia opens at AsiaWorld-Expo today

HONG KONG, Oct 26, 2023 – (ACN Newswire) -　Eco Expo Asia 2023, 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), opened at AsiaWorld-Expo today and runs until Sunday 29 October. The event attracts over 300 exhibitors from 13 countries and regions, showcasing a wide range of innovative environmental technologies and projects and serves as a quality business platform for the industry. Under the EXHIBITION+ hybrid model, exhibitors, industry players and buyers worldwide can connect via the smart business matching platform Click2Match until 6 November. The last day of the physical event on 29 October will open to the public for free, to encourage sustainable activities and green-living practises.

The 18th Eco Expo Asia, co-organised by the HKTDC and Messe Frankfurt (HK) Ltd, opened at the AsiaWorld-Expo and runs for four days, until 29 October, attracting over 300 exhibitors.

Guo Fang, Vice Minister, member of the Leading Party Members Group of the Ministry of Ecology and Environment of the People’s Republic of China, Tse Chin-wan, Secretary for Environment and Ecology of the Hong Kong SAR, HKTDC Acting Executive Director Sophia Chong, and Richard Li, Executive Director, Messe Frankfurt (HK) Ltd, were at the opening ceremony of Eco Expo Asia today.

The Guangdong-Hong Kong-Macao Greater Bay Area peers fully support the Expo. The Macao Pavilion and Zhongshan Pavilion showcase a wide range of IoT AI management equipment and patented air purification technologies.

Tse Chin-wan said: “This year, the theme of the Eco Expo Asia is “Taking the Leap towards Carbon Neutrality. In the Policy Address announced by our Chief Executive yesterday, the Hong Kong Government will make every effort to promote the use and supply of new energy in sea, land and air transport, so as to spearhead green transformation of the relevant trades. We will also explore the development of new energy industrial chains to promote green economy. The Eco Expo Asia serves as a green link for governments, business sector and the trades from different places to exchange views, share experiences and learn from each other. I look forward to joining hands with you all to identify possible environmental technologies and products to support the shift towards a low-carbon economy.”

Green Transportation zone showcases a variety of new energy vehicles.

Sophia Chong said: “Entering its 18th edition, Eco Expo Asia has become the leading trade and intelligence-sharing platform showcasing cutting-edge green solutions from around the world. Some of the highlighted topics at the fair include hydrogen energy, green transportation, circular economy, green buildings, green finance and ESG. The three-day Eco Asia Conference concurrently held gathers industry experts to share their insights into hot environmental topics, such as Climate Change Framework for Built Environment, Evolving ESG Landscape and the Future of Sustainable Finance, Digital Transformation for a Circular Economy, green technologies and C40 Climate Action, facilitating regional and global collaboration in addressing the environmental issues of our time.”

Diversified activities resonate with environmental initiatives in the policy address

Hong Kong SAR Chief Executive John Lee’s policy addresses have emphasised environmental protection and policy initiatives, including green transport, hydrogen energy development, carbon neutrality, waste reduction and sustainable development. This year’s Eco Expo Asia has similar focuses, including a Green Transportation zone to promote carbon neutral technologies; the new Hydrogen Pavilion organised by the hydrogen industry in Hong Kong; the Eco Asia Conference exploring Waste-Free policy; gathering environmental enterprises in the Bay Area to promote regional exchanges and co-operation; as well as initiating a debut ESG Job Hub to provide information and advice on environmental-protection related employment for nurturing talents, in order to comprehensively promote sustainable development.

Green transportation zone and Hydrogen Pavilion showcase new-energy trends

In line with the SAR Government’s development of green transportation, the Green Transportation zone showcases a wide range of new-energy vehicles and related equipment, including hydrogen-powered vehicles such as container trucks and garbage trucks from Wisdom Motors (HK) Limited (Booth No. 3-E30); the latest charging piles from Huawei International Co. Limited (Booth No 6-B30) that can fully charge an electric vehicle in just 10 minutes; and sustainable solutions for electric vehicle batteries from Chun Yang International (HK) (Booth No. 6-B34) which extends the lifespan of electric vehicle batteries.

To further showcase and explore hydrogen energy applications, the Hydrogen Pavilion features leading energy companies such as Hong Kong and China Gas (Booth No. 6-C29), H2E Technology (Booth No. 6-C30), Sinopec (Hong Kong) (Booth No. 6-C32) and EnerWaste Asia Pacific (Booth No. 6C-34) to showcase the latest hydrogen energy technology. In conjunction with The Fourth Hydrogen Economy Forum tomorrow, with Dr Zhang Yan of the China Hydrogen Alliance addressing the development of Mainland China’s hydrogen industry and Dr Wang Xue of the International Hydrogen Energy Centre speaking on building a world-leading zero-carbon industrial system with hydrogen technology, exhibitors and buyers can gain in-depth understanding of the latest development and prospects for hydrogen energy.

Greater Bay Area cities participate in building a Waste-Free Bay Area

Apart from the launching ceremony for Building a Zero Waste Bay Area at the Eco Asia Conference on the first day of the Expo, pavilions from Guangdong Province, Guangzhou and Shenzhen and individual exhibitors from other GBA cities join hands in promoting the Waste-free Guangdong; Beautiful Bay Area concept. The Hong Kong Pavilion showcases the latest products and technologies in waste reduction and energy saving, and introduces environmental policies. The Macao Pavilion (Booth No. 3-E02) and Zhongshan Pavilion (Booth No. 6-A02) feature a wide range of IoT AI management equipment and patented air purification technologies.

Eco Asia Conference gathers industry leaders to focus on waste-free policies, climate change and green finance

The three-day Eco Asia Conference starting from today has invited officials from around the world to share insights, including Guo Fang, Vice Minister, member of the Leading Party Members Group of the Ministry of Ecology and Environment of the People’s Republic of China; Liu Dechun, Director-General, Department of Resource Conservation and Environmental Protection, National Development and Reform Commission of the People’s Republic of China; Huang Libin, Director-General, Department of Energy Conservation and Resources Comprehensive Utilization, Ministry of Industry and Information Technology of the People’s Republic of China; and representatives from the environmental authorities of Belt and Road countries to share views on materialising waste-free policies in Mainland China and Belt and Road countries.

The highly anticipated C40 Climate Action Seminar on Friday will focus on global climate change and promote climate action at city level. On the same day, there will be a session on Evolving ESG Landscape and the Future of Sustainable Finance featuring a keynote speech by

Tim Lui, Chairman, The Securities and Futures Commission, while Ken Chiu, Head of Carbon & ESG Products, Hong Kong Exchanges and Clearing Limited, will discuss Hong Kong’s international carbon market and sustainable development and Irina Fan, HKTDC Director of Research will present on a survey finding on Hong Kong’s strengths and weaknesses in ESG.

Eco Expo Asia nurtures new blood

Committed to providing a platform to nurture new blood in the industry, Eco Expo Asia is attracting nearly 20 start-ups to identify potential partners for their R&D products. This year the Expo debuts the ESG Job Hub and will host an ESG Career Talk providing information and advice on environmental-protection related employment to students and job seekers. On-the-spot interviews for internships, part-time and full-time positions would also be arranged for potential candidates.

Meanwhile, in order to encourage the public, especially the younger generation, to embrace green living, the final day of the Expo (29 October) is designated as Public Day with a variety of environmental talks, workshops and the Green Mart for the public to attend free of charge.

Other Concurrent Events

The Hong Kong International Outdoor & Tech Light Expo opened concurrently today at AsiaWorld-Expo and runs until 29 October, showcasing a wide range of outdoor, technical and professional lighting solutions for commercial and industrial use; while the Hong Kong International Lighting Fair (Autumn Edition) will be held at the Hong Kong Convention and Exhibition Centre from tomorrow (27 October) to 30 October. The two lighting exhibitions gather more than 3,000 exhibitors from 37 countries and regions, forming the world-renowned lighting marketplace. The fairs provide a one-stop business platform for exhibitors and buyers from all over the world, showcasing an extensive array of lighting products. During the shows, the organiser arranges free shuttle bus services between the exhibition venue and major hotels and transportation interchanges. For more information, please visit https://www.hktdc.com/event/hkotlexpo/en/shuttle-bus

Photo Download: https://bit.ly/40fzJRZ

For more information about Eco Expo Asia’s exhibitors, products and related content, please visit: https://bit.ly/46UtuoW

Website
Eco Expo Asia: www.ecoexpoasia.com
HKTDC Hong Kong International Outdoor and Tech Light Expo: hkotlexpo.hktdc.com

Media enquiries
The HKTDC’s Communications and Public Affairs Department:
Clayton Lauw, Tel: (852) 2584 4472, Email: clayton.y.lauw@hktdc.org
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

The HKTDC’s Media Room: http://mediaroom.hktdc.com/en

About HKTDC

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

HKTDC & UOB Research: Two-thirds of GBA firms adopt sustainable development

HONG KONG, Oct 26, 2023 – (ACN Newswire) – About 65% of enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) have adopted green and sustainable development practices in business operations, and about 70% said they would consider using more of Hong Kong’s green products and services over the next two years, a research report by the Hong Kong Trade Development Council (HKTDC) and UOB revealed.

The HKTDC and UOB have jointly released a research report titled Sustainability in the GBA: Unlocking Opportunities and Empowering Growth. Photo shows Irina Fan (right), Director of HKTDC Research, and Brian Lam (left), Chief Financial Officer and Chief Sustainability Officer, UOB Hong Kong

The report, Sustainability in the GBA: Unlocking Opportunities and Empowering Growth, revealed that the top three green practices adopted by GBA enterprises include resource recycling, clean energy adoption and green office practices (notably the use of energy-efficient office equipment, paperless offices and online office systems). Among these enterprises which have adopted green practices, 98% reported positive impact on their businesses, in particular increased brand reputation and brand recognition as well as improved energy efficiency and cost reduction. Other positive impacts include improved governance of corporate compliance and risk control, as well as better chances of securing market and business opportunities.

The report also highlighted that GBA enterprises acknowledge Hong Kong’s significant advantages in green building technologies, green consulting services, green financial services and expertise in green sectors and advanced technology. The firms expressed a strong willingness to explore and adopt sustainable development services offered by Hong Kong.

Huge opportunities from growing green and sustainable practices in the GBA

HKTDC Research Director Irina Fan said: “As sustainable development has become increasingly important, GBA-based businesses have become ever more committed to implementing ESG-related strategies. Nearly all GBA business are looking to incorporate ESG into various business aspects, which translates into an average spend of HK$370,000 (US$47,000) per company in the next two years. Now, there are about 3 million enterprises in the GBA, this could mean a scenario of HK$1 trillion ESG investment. Much of which will likely be channelled into Hong Kong-based green partner businesses.

“With high regard for the sustainable solutions offered in Hong Kong (average desirability score of 8.9 out of 10), GBA enterprises are keen to look to Hong Kong-based green partner businesses to accelerate their sustainable practices.” She added: “About 70% of surveyed respondents considered to use or increase usage of Hong Kong’s green and sustainable solutions. This is a real vote of confidence in the strength and breadth of Hong Kong’s green resources.”

Brian Lam, Chief Financial Officer and Chief Sustainability Officer, UOB Hong Kong, said: “We recognise the imperative need for GBA enterprises to incorporate sustainability practices into their business strategies. The report highlights the current insufficiency of resources, funds and unified standards towards sustainable development, which poses a challenge to the successful implementation of green transformation plans and achieving decarbonisation targets.

“UOB takes our responsibility to provide and channel capital to facilitate continued investments in sectors that are critical to the energy transition very seriously. With the growing demand for sustainable finance, our aim is to simplify access to sustainable financing for clients, strengthen their ESG capabilities and support them in the crucial task of transitioning their business models to reduce carbon emissions and seize new business opportunities. Together, we create a greater positive impact and drive sustainable progress.”

Growing emphasis on GBA green sustainable development

The report revealed that almost all (99.7%) of surveyed GBA enterprises planned to incorporate or increase the level of ESG elements in their operations over the next two years, demonstrating commitment to ESG practices. Moreover, more than 90% of GBA enterprises intended to increase or maintain ESG-based investments over the next two years, with 30% planning an increase and 64% maintaining current investment levels. GBA enterprises expected to allocate an average budget of HK$370,000 (US$47,000) to ESG initiatives over the next two years.

Insufficient experience, funding pose obstacles

However, GBA enterprises generally believed that a lack of experience (77%), cost pressures (67%) and an absence of unified standards (61%) were the key obstacles hindering the implementation of green sustainable development. Surveyed enterprises said the market lacked standardised guidelines and success stories. Many enterprises were concerned about significant upfront investments or difficulty in achieving short-term returns. Existing green standards were also relatively fragmented, with different standards in domestic and international markets, as well as significant industry differences, which discouraged enterprises interested in green transformation.

GBA enterprises look to Hong Kong’s green services

A majority of respondents saw Hong Kong as likely to provide a higher level of green-related services than many comparable mainland cities. Among the areas where Hong Kong was seen as a particularly strong performer were green construction technology, climate risk assessment to a global standard, design consultancy services, green financial services, and the provision of green technology. Most respondents felt that Hong Kong was home to a substantial pool of environmentally aware professionals.

In specific terms, about 70% of surveyed respondents considered to use or increase usage of Hong Kong’s green and sustainable solutions in next two years. More than 90% believed the city could help effectively accelerate green sustainable development within the region through the deployment of green technology (especially with regard to construction, energy efficiency and recycling) as well as via the greater availability of a variety of green financial products and services. A substantial number of respondents also indicated they were likely to use of a range of Hong Kong’s other green-related services, including green certification and carbon emission measurement (89%), green financial services (88%) and energy transition programmes (86%).

GBA enterprises are very keen to learn more with regard to the sustainable development services offered in Hong Kong, with an average desirability score of 8.9 out of 10. The top five preferred green products and services include utilising green applications provided by Hong Kong; engaging sustainable development roadmap planning and consultancy services; accessing green-focused professional talents/services and advanced technology; benefiting from ESG reporting, due diligence, ESG ratings and green asset valuation services offered by Hong Kong; and utilising green financial products and services.

The HKTDC-UOB survey was conducted in July and August this year through an online questionnaire completed by 300 leading enterprises in the 11 GBA cities. In addition, a series of in-depth interviews saw a broad cross-section of GBA industry professionals outline their views on Hong Kong’s green development capabilities and their own ESG implementation strategies.

About HKTDC

About UOB

UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

Media enquires
HKTDC’s Communications & Public Affairs Department:
Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org
Clayton Lauw, Tel: (852) 2584 4472, Email: clayton.y.lauw@hktdc.org

UOB Hong Kong:
Susanna Liu, Tel: (852) 2123 7537, Email: susanna.liwy@uobgroup.com
Sarah Tsang, Tel: (852) 2123 7536, Email: sarah.tsangsw@uobgroup.com

Yuan Tung Financial Relations:
Agnes Yiu, Tel: (852) 3428 5690, Email: ayiu@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

Photos Download: https://bit.ly/45QTMHE

As Countdown for COP28 Gets Underway, Carbon Trading Goes Live in Abu Dhabi

ABU DHABI, UAE, Oct 26, 2023 – (ACN Newswire) – ACX (AirCarbon Exchange) proudly announces its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live. Key trades have already been executed and settled on the platform, signifying the commencement of what is anticipated to be a burgeoning market for voluntary carbon markets (VCM).

ACX established its regional base in ADGM in August 2021 with the support of Hub71, Abu Dhabi’s global tech ecosystem. Hub71 is powered by Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor. Mubadala invested in ACX in September 2022 as a strategic step in line with its economic diversification mandate and commitment to responsible investing.

In September 2022, ADGM, the international financial centre of the UAE’s capital that is established as a financial free zone, became the first jurisdiction to regulate voluntary carbon credits as financial instruments through the introduction of an Environmental Instrument classification, a regulatory framework to license exchanges and clearing houses for both spot and derivatives markets for these products.

In November 2022, ACX Abu Dhabi became the first entity to be licensed under this framework, being the world’s first regulated Recognised Investment Exchange and Recognised Clearing House offering Environmental Instruments in the form of carbon credits.

These regulatory licenses bolstered trust, security, and investor protection for the trading of carbon credits by mandating fair and orderly trading and real-time market surveillance, resulting in heightened market integrity, transparency and efficient price discovery. ACX strictly adheres to client asset segregation, regulatory capital and audit requirements.

With investment secured and regulatory licenses approved, ACX laid the groundwork to allow VCM participants, for the first time, to trade carbon credits and other environmental instruments under a capital markets regulatory framework.

The inaugural carbon credits trade on the fully regulated exchange was executed between First Abu Dhabi Bank (FAB) and specialist carbon trading company Helix Climate.

Sameh Al Qubaisi, Group Head of Global Markets at First Abu Dhabi Bank, said, “We are delighted to execute the first trade on ACX Abu Dhabi. As the UAE’s largest bank, we are keen to support the expansion and potential of carbon markets to provide price signals that can help companies reduce or remove their greenhouse gas emissions in the most efficient way.”

This follows a report launched by FAB in January 2023 that explored the possibilities to seize opportunities in carbon trading as a way to fight climate change while providing flexibility for businesses in how they reduce their environmental impact.

Simon Harman, founding partner of Helix Climate, said, “Helix Climate are proud to have transacted the first trade on ACX Abu Dhabi, the first fully regulated carbon exchange. We share ACX’s vision to grow liquidity, transparency and confidence in the voluntary carbon markets and look forward to transacting more volume on the exchange.”

Arvind Ramamurthy, Chief of Market Development at ADGM, said, “Last year, ADGM welcomed the introduction of ACX, the first regulated carbon credit trading exchange and clearing house in the world and today we are more than thrilled to witness its live launch. As we find ourselves in a critical time with the development of global carbon markets, this step marks a momentous milestone in the journey towards a thriving market for voluntary carbon markets. We look forward to seeing ACX take on a pivotal role in not just environmental instruments but also in other markets and financial instruments, including virtual asset markets.”

“This marks another important step in bringing carbon credits closer to the world of regulated commodities,” said ACX’s co-founder and co-CEO William Pazos. “ACX is proud to be the world’s first fully regulated spot carbon environmental exchange and clearing house. We are equally honoured to be recognised for our ability to innovate and trigger positive change in this critically important sector.”

Further enhancing its portfolio, ACX Abu Dhabi is also pleased to announce the first trade on its Carbon Market Board (CMB) – an electronic trading facility that allows participants to execute and settle over-the-counter transactions. The trade was concluded with South Pole, the world’s leading climate project developer and solutions provider.

“By providing a regulated environment for carbon credit trades, ACX is helping to build higher-integrity carbon markets: both buyers and sellers have more certainty thanks to the regulatory wrapper around the traded carbon credits and a marketplace that is scrutinised by an independent financial services authority. Trust will result in scale of climate action and impact, which is essential today,” said Abderrahman Kasmi, Executive Director for Procurement & Trading at South Pole.

Last month, ACX Group was awarded the best carbon exchange of 2023 by Environmental Finance. This is the third consecutive year that ACX wins this prestigious award, a valuable recognition of its ability to innovate and trigger positive change in this vital field.

Contact Information
Sun Jie-Ling, Marketing Manager, info@acx.net

InfoComm India 2023 Opens to Biggest Showcase Since Debut

MUMBAI, INDIA, Oct 25, 2023 – (ACN Newswire) – The highly-anticipated InfoComm India 2023 opened its doors today at a new venue, Jio World Convention Centre (JWCC) in Mumbai. This year’s show started on a strong note with a significant 19% show expansion, hosting a full-house of 190 exhibiting companies, including 15 first-time exhibitors. Having a record-breaking number of exhibitors and thousands of visitors transversing the show floor on opening day since its inaugural edition, InfoComm India 2023 stands as the quintessential annual gathering for India’s Professional AudioVisual (Pro AV) and Transformative Technology community.

“InfoComm India is on a promising growth trajectory, mirroring the remarkable expansion of India’s Pro AV and technology market. The show has become a vital hub for industry leaders and innovators to collaborate, share expertise, and showcase cutting-edge solutions, all with the primary goal of bringing the community together to grow and thrive,” said June Ko, Executive Director of InfoCommAsia.

“We are committed to provide our visitors unparalleled opportunities to stay at the forefront of industry trends, connect with key solution providers, and access the resources they need to excel in India’s dynamic Pro AV and technology market.”

New Names on the Block

For visitors who were after fresh offerings by new names, 18 exhibiting companies made their debut at InfoComm India 2023. These include names like ALTEX Corporation, Arihant Infosys, Basssfx, Fohhn Audio AG, Shree InfoTech Pte Ltd, Softlogic, Vestel Visual Solutions, and more.

Among the 190 exhibitors, over 80 new products and solutions were exhibited, ranging from innovative K12 content software like Globus Contentshaala to ViewSonic’s first lamp-free high-brightness short-throw smart projector, the ViewSonic X2. There were also the Logitech Rally Hurdle Bar and the ATEN Podcast AI Audio Mixer MicLIVE, marking the industry’s first AI-optimised audio mixer.

Guided Experience for Top-level Decision-makers

InfoComm India 2023 hosted over 150 key senior decision-makers from India as part of the exclusive Hosted Buyer Programme. These guests represented various government agencies, encompassing education, healthcare, defence and security, smart cities and urban planning, tourism, transportation, and citizen services. Buyers directly from education, construction and tech industries also joined to see the latest innovations and solutions to enhance growth and user-experience.

The hosted buyers were accompanied on a curated Guided Show Floor Tour matching their business needs, offering them personal introductions to leading solution providers to experience the latest technology and products.

Focused Educational Sessions

This year’s Summit features over 40 sessions – including the highly sought-after Certified Technology Specialist (CTS) Prep Workshop by AVIXA – delivered across four specialised tracks.

The summit sessions deep dive into the Pro AV and transformative technology industry’s current and future developments, including their impact on the marketplace and specific industries, with relevant, insightful and practical learning for strategic decision-making.

Summit highlights from opening day at InfoComm India 2023 include:

AV Leaders Connect is an exclusive session for AV Channel leaders to gain the latest market insights, identify future growth opportunities and potential collaborations. Themed “Steering the Course: Charting the Future of AV Integration in a Changing Landscape”, the half-day forum kicked off with a welcome address by June Ko. Dave Labuskes, CEO of AVIXA delivered the keynote on “Harnessing Disruptive Technologies for AV Innovation”. The forum ended with a panel discussion on “The Customer Perspective: Evolving Expectations and Requirements in the AV Market”.

Next Integrated Experimental Technology (NIXT) Summit covers successes and challenges of digital transformation practices in key sectors. Bala Prasad Peddigari, Chief Innovation Officer and Global Head of Technology Advisory Services offered his insights into the future of workplace in “Tech in the Corporate World: Reshaping Business Operations in India”. On second and third day of the show, the track will centre on Education, Retail, and Venues and Live Events.

Industry Forums, featuring AV technology applications and real-life case studies in difference industries, focuses on “India Future Ready – Safety and Cyber Security Planning Considerations”, in collaboration with the Computer Society of India (CSI), Mumbai Chapter. Forums on subsequent show days will focus on urbanisation challenges and Smart CIO, co-organised with All India Institute of Local Self Government and CSI respectively.

AVIXA Seminars, which emphasises hands-on AV technical proficiency, highlighted conferencing and collaboration, and learning solutions on opening day. On subsequent days, it will explore solution areas including digital signage, security and control, and emerging AV technologies.

InfoComm India 2023 is held at Jio World Convention Centre in Mumbai, at Pavilion 1 to 3 from 25 to 27 October. The opening hours on the next two days are 26 October from 10am – 6pm, and 27 October from 10am – 4pm (Indian Standard Time). For more information and to register for a show badge, visit www.infocomm-india.com.

About InfoCommAsia

InfoCommAsia Pte. Ltd. is the region’s preeminent organizer of tradeshows for the Professional AudioVisual (Pro-AV) and Transformative Solutions industries. Through industry-leading shows for Asia, China, and India, InfoCommAsia connects global and regional solution providers, vertical market end-users and the supply chain with the most important markets of Asia Pacific.

Additional information is available at: infocomm-china.com | infocomm-india.com | infocomm-asia.com

About InfoCommAsia

InfoCommAsia Pte. Ltd. is the region’s preeminent organizer of tradeshows for the Professional AudioVisual (Pro-AV) and Transformative Solutions industries. Through industry-leading shows in Asia, China, and India, InfoCommAsia connects global and regional solution providers, vertical market end-users and the supply chain with the most important markets of Asia Pacific.

Additional information is available at: infocomm-china.com | infocomm-india.com | infocomm-asia.com

For more information, please contact:

Rest of the World
Angie Eng
Marketing Director
InfoCommAsia Pte Ltd
angieeng@infocommasia.com

India
Sooraj Dhawan
Director
Falcon Exhibitions Pvt Ltd
sooraj@falcon-mail.com

Communications Association of Hong Kong supports the initiatives on communications industry in the Chief Executive’s 2023 Policy Address

HONG KONG, Oct 25, 2023 – (ACN Newswire) – Communications Association of Hong Kong (CAHK) fully supports the Chief Executive’s 2023 Policy Address, in particular Strengthening Hong Kong’s role as a regional communications hub.

CAHK welcomes the Hong Kong SAR Government’s planning in the four specific areas: (1) “Further enhance the overall coverage of 5G network by expediting the expansion of mobile network infrastructure in rural and remote areas, making more 5G spectrum available to mobile network operators through auctions and co-ordinating with relevant organizations to enhance the 5G network capacity at major public event venues, e.g. Central Harbourfront Event Space, Hong Kong Coliseum, Hong Kong Convention and Exhibition Centre, AsiaWorld-Expo, etc.” (2) “Continue with the legislative amendment work by introducing an amendment bill of the Telecommunications Ordinance into the LegCo by end-2023 and revising the relevant guidelines to ensure that appropriate space will be made available in new buildings for the installation of telecommunications facilities by mobile network operators.” (3) “Continue to strive to assist mobile network operators in installing radio base stations, including opening up some 1 500 government premises for such installation by the operators.” (4) “Continue to provide financial incentives to encourage fixed network operators to extend fibre-based networks to 235 villages in remote areas, with a view to progressively completing the relevant works by 2026.”

CAHK is also pleased to see that the issue of the labor force has been addressed by including the establishment of the Hong Kong Institute of Information Technology in the Policy Address. This initiative is of great significance as it aims to nurture local talents in the information technology sector, which will contribute to sector’s long-term growth and sustainability.

CAHK actively participated in the Consultation Section of Policy Address 2023, contributing insights and recommendations. We are pleased to see that the Policy Address incorporates a significant portion of our input, reflecting the government’s receptiveness to stakeholders’ perspectives.

As an industry association, CAHK remains dedicated to actively engaging in policy discussions and collaborating with the government. We strive to create an environment that fosters innovation, enhances connectivity, and reinforces Hong Kong’s position as a regional leader in the communications field.

About Communications Association of Hong Kong

CAHK is a non-profit making organisation incorporated in Hong Kong on 27 May 1983 following the announcement of deregulation of local communication products and services. It is the association for Hong Kong’s communications industries, with responsibilities across broadcasting, wireline and wireless communications, and other sectors in information communications technology.

For more information, please visit: www.cahk.hk

This press release is distributed by Communications Association of Hong Kong.

For enquiries, please contact:

Communications Association of Hong Kong

Ms. Peggy Jor, General Manager

Tel: (852) 2504 2732

Fax: (852) 2504 2752

Email: info@cahk.hk

HKTDC welcomes 2023 Policy Address

HONG KONG, Oct 25, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) welcomes the 2023 Policy Address, delivered today by the Hong Kong Special Administrative Region’s (HKSAR) Chief Executive Mr John Lee.

The Policy Address presents a comprehensive set of measures encompassing various areas, such as the economy and trade, people’s livelihood and youth development. It addresses the challenges and opportunities facing Hong Kong, with the aim to reinforce its competitive advantages, integrate into national development and serve as an international hub connecting global markets as well as promote economic growth, paving the way for the city’s sustainable development.

Dr Peter K N Lam, Chairman of the HKTDC, said, “The Policy Address highlights a diversity of forward-looking and innovative measures across key areas, such as economic growth, business and investment attraction, infrastructure planning, and the development of the cultural and creative sectors. The comprehensive plan ensures that Hong Kong leverages its “eight centre” advantages and supports and integrates into national development, while creating strong impetus for economic growth and enhancing its competitiveness.”

The Policy Address states the Government will leverage Hong Kong’s advantages in professional services to develop the city into a regional intellectual property (IP) trading centre. The HKTDC fully supports measures to promote IP developments in Hong Kong, such as the latest amendments to the Copyright Ordinance and implementation of the patent box tax incentives.

The HKTDC will commission a consulting firm to conduct research on IP trading of Hong Kong’s creative industries and optimise our Asia IP Exchange (AsiaIPEX) and further promote IP-related cooperation.

In addition, we will enhance our major international IP events, such as the Business of Intellectual Property Asia Forum, Hong Kong Book Fair, Hong Kong International Film and TV Market (FILMART) and Hong Kong International Licensing Show, by working with industry players and providing business matching activities and professional services. This is to help businesses producing local original works tap into Mainland China and international markets.

The HKTDC supports the Government’s push for the continuous development of small and medium-sized enterprises (SME) and welcomes the launch of E-commerce Easy under the Dedicated Fund on Branding, Upgrading and Domestic Sales, which will enable SMEs to implement e-commerce projects.

The HKTDC has been actively promoting Hong Kong businesses’ engagement in e-commerce through its Transformation Sandbox (T-box) business support programme and Digital Academy, year-round services that accelerate SMEs’ digital growth and transformation.

The Policy Address outlined the Government’s intention to continuously promote the development of the convention and exhibition (C&E) industry. Expanding C&E facilities and raising C&E space play a pivotal role in reinforcing Hong Kong’s role as an international C&E as well as trade hub.

In regard to strengthening trade promotion efforts in emerging countries along the Belt and Road, HKTDC will continue to leverage its global network, which already covers extensive Belt and Road markets.

At the recent Belt and Road Forum, President Xi Jinping announced eight major steps to facilitate high-quality Belt and Road cooperation, which we fully support through our global network and international conferences and fairs.

In regard to seizing opportunities brought about by the silver economy, the HKTDC will incorporate more silver economy elements into its business platform, such as the Asia Summit on Global Health, Hong Kong Electronics Fair (Spring and Autumn) and Hong Kong International Medical and Healthcare Fair, to enhance the promotion of relevant products and services, help enterprises tap into the market and strengthen Hong Kong’s role as an international trade hub.

The creative industry remains a driving force for Hong Kong’s economic growth. The HKTDC applauds the measures that strengthen support for the cultural and creative industries, including injecting more funds into the Film Development Fund and CreateSmart initiative, launching the Filming Financing Scheme and Hong Kong-Europe-Asian Film Collaboration Funding Scheme and increasing cultural exchanges.

Dr Lam added: “The HKTDC will continue to align with national development and collaborate with our various partners to jointly promote the economic development of Hong Kong and share Hong Kong’s stories and successes with the world.”

Media enquiries
Please contact the HKTDC’s Communication & Public Affairs Department:
Agnes Wat, Tel: (852) 2584 4554, Email: agnes.ky.wat@hktdc.org
Phyllis Tsang, Tel: (852) 2584 4288, Email: phyllis.km.tsang@hktdc.org

About HKTDC