HK holds forum to provide platform for local enterprises. Check it out:
(Business Daily Update Via Thomson Dialog NewsEdge) Author: d More than 400 representatives from the local manufacturing and services sectors Wednesday attended the "Growth Leadership Forum" organized by the Hong Kong Productivity Council (HKPC) in Hong Kong Special Administrative Region. Under the theme of "Master of the Game", the event provided a platform for local enterprises to share their successful experiences in spearheading their business growth under today's globalized competition. Forum panelists representing business leaders from various industry sectors shared their views on their strategies in market expansion, corporate financing, branding and cost control. The opening ceremony of the Forum was officiated by Clement Leung, Acting Director-General of Trade and Industry, the Hong Kong Special Administrative Region government, and Stephen Lee, acting executive director of HKPC. Speaking at the opening, Lee said, "According to the 'Corporate Growth Survey' conducted by the SME (Small and Medium Enterprise) Center of HKPC in 2005, the major barriers to the development of local enterprises in the coming three years included: difficulties in market expansion, high production costs, problems related to human resources issues and product development, lack of management capabilities and leadership, and financing." "As the majority of Hong Kong's SME manufacturers are still engaging in low value-adding OEM (Original Equipment Manufacturing) mode of operation, they are faced with other challenges, including the rising production costs in the Pearl River Delta, stringent environmental regulations, and intensified competition in the international markets," he said. "Amid these challenges, new business opportunities brought by the lowered entry barriers to the Chinese mainland market under CEPA (Closer Economic Partnership Arrangement), the globalized economy and the electronic trading platform continue to fuel the growth of local enterprises," Lee added. On HKPC's support for local SMEs in corporate development, Lee said, "Through the provision of one-stop consultancy services, HKPC's SME Center offers enterprises with solutions to tackle business operation problems, facilitating their transformation towards high value-adding ODM (Original Design Manufacturing) and OBM (Original Brand Manufacturing), and assisting them to foray into the international market." At the Forum, panelists representing the legal, banking, finance and accounting services also highlighted their SME-specific services.
Copyright 2006 Business Daily Update Source: Financial Times Information Limited - Asia Intelligence Wire.
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