|Wednesday, 27 February 2019, 19:00 HKT/SGT|
HONG KONG, Feb 27, 2019 - (ACN Newswire) - The Hong Kong Trade Development Council (HKTDC) welcomes new measures announced in the Hong Kong Special Administrative Region (HKSAR) Government's 2019-20 Budget to develop Hong Kong's economy and support local start-ups and small and medium-sized enterprises (SMEs). The Council will work closely with the government and support companies to diversify their business and capture new opportunities arising from the Guangdong-Hong Kong-Macau Greater Bay Area and the Belt and Road Initiative, as well as helping them address challenges arising from the changing business landscape.
In its latest Budget, the government has proposed to further support start-ups and SMEs by advancing the SME Financing Guarantee Scheme and injecting more resources into the Dedicated Fund on Branding, Upgrading and Domestic Sales as well as extending its geographical scope, helping them to expand their business into more markets and alleviate the impact of the ongoing Sino-US trade dispute and the rise of protectionism. Local traders can apply for different funding schemes to take part in various HKTDC events, including local trade fairs and mainland and overseas promotional events.
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. Follow us on Twitter @hktdc and LinkedIn.
Beatrice Lam, T: +852 2584 4049, E: [email protected]
Susanna Sin, T: +852 2584 4294, E: [email protected]
Topic: Press release summary
Sectors: Daily Finance, Venture Capital, Local Business
From the Asia Corporate News Network
Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.