Faced with changing geopolitics, supply chain reconfigurations and the rise of new technology and its impact, businesses face a plethora of challenges, raising the demand for support. As the Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year, the Chairman of the HKTDC, Professor Frederick Ma, announced today two major initiatives for the organisation: (i) Optimising Corporate Structure by reorganising its services based on an industry cluster approach to enhance efficiency and to drive innovation, and (ii) Optimising Resources to tap new markets, whereby HKTDC's global network resources will be reconfigured to help Hong Kong companies capture opportunities in high-growth emerging markets, including Central Asia, the Middle East and North Africa.Prof Frederick Ma, Chairman of the HKTDC, said: "I am pleased to lead the HKTDC to embark on a new chapter as we celebrate our 60th anniversary. These two optimisations reflect our forward-looking and innovative approach in responding proactively to future challenges and opportunities. By optimising our corporate structure and resource allocation around the world, we adopt a customer-centric, industry-focused approach to target high-growth emerging markets. This will enable us to help enterprises develop their promotional strategy with more comprehensive and integrated global solutions that can leverage the city’s unique role in connecting the Mainland and the world, align with Hong Kong’s first Five-Year Plan and contribute to our country’s development.”
I.Optimising Corporate Structure: Enhancing Efficiency · Driving Innovation
To better support industries in navigating an increasingly complex and evolving global trade environment, the HKTDC has reorganised its functions around a cluster approach with the following six sector clusters:
Finance and Professional ServicesGlobal Network and Supply ChainTechnology and Digital InnovationWellness and Creative IndustriesConsumer Goods and LifestyleCorporate Development
Sophia Chong, Executive Director of the HKTDC, said the cluster approach not only enhances operational efficiency, but also the sector knowledge and network of the organisation, facilitating synergy among the teams, enabling them to provide more comprehensive and integrated solutions. “Whether companies are keen to gather market intelligence, participate in local or international exhibitions, conferences and overseas missions, match with investors, expand their production line or tap new markets, stakeholders across industries can access our one-stop support through a single point of contact."
II.Optimising Resources · Tapping New Markets
The HKTDC currently operates 51 offices worldwide, covering major markets from the Chinese Mainland and across Asia and the Middle East to Europe, the Americas and Africa. As global economic momentum progressively shifts towards emerging markets and enterprises accelerate their go global strategies, the HKTDC is actively optimising its global network resources to help businesses capture opportunities in high-growth markets and new economic corridors.
Prof Ma said: “We are grateful for the Chief Executive for leading the successful mission to Kazakhstan and Uzbekistan in June which helped to open doors for Hong Kong enterprises and generated many potential opportunities on which we will follow up.
Click here to continue