Session No. 5 File name : cedb(cit)- doc
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- Examination of Estimates of Expenditure 2010-11
Question: Among the key performance measures in respect of promoting Hong Kong’s external trade, the estimated number of trade and services promotion events for 2010-11 is reduced by 10 over 2009-10, while the number of local fairs to be held in 2010-11 is only one more than that of 2009-10. On what considerations are the estimates based? Is the estimated expenditure of $374.5 m, which represents just a 1.0% increase over last year, sufficient to meet the future expenses of the Hong Kong Trade Development Council? Asked by: Hon. WONG Ting-kwong Reply: When drawing up its annual promotion plan, the Hong Kong Trade Development Council (HKTDC) will review its activities in the preceding year and, taking into account the latest market conditions, adjust its strategies and make changes to its project lists. In 2009-10, due to the financial turmoil, HKTDC considered it necessary to launch additional measures to help Hong Kong’s enterprises acquire business orders. As such, TDC’s promotion events totalled 784 in 2009, representing a substantial increase by 59 over the total number of 725 in 2008. When drawing up its annual promotion plan for 2010-11, HKTDC has reviewed and decided to discontinue some of its projects (which were added in 2009-10 but are no longer in great demand), taking into account the gradual stabilisation of the global economy. Nevertheless, the total number of events for 2010 will stand at 774, which is still 49 more than the total number of 725 in 2008. As regards exhibitions, HKTDC has been organising some 30 local fairs annually and will continue to enhance the quality of these fairs to attract more exhibitors and buyers. HKTDC will monitor market developments closely and adjust the content and number of its promotion events as appropriate. The Government subvention of $374.5 million to HKTDC for 2010-11 makes up 16.4% of HKTDC’s estimated total expenditure for the year. Nevertheless, as there have been surpluses in HKTDC’s income and expenditure account in recent years, we consider that HKTDC will have adequate resources to carry out its promotion events. TDC will, as always, make best use of its resources and the Government subvention to promote Hong Kong’s export trade.
Question : The HKTDC will assist Hong Kong companies to explore new opportunities in niche sectors, and highlight a favourable and green image of Hong Kong products. In this connection, will the HKTDC strengthen its efforts in organising Hong Kong brandname products exhibitions in the Mainland for Hong Kong enterprises in the future? If yes, what are the specific plans? What is the estimated expenditure to be involved? If no, what are the reasons? Asked by : Hon. WONG Ting-kwong Reply : The Hong Kong Trade Development Council (HKTDC) has been actively conducting various promotion campaigns in the Mainland to showcase Hong Kong’s branded products and services to Mainland consumers. As regards large-scale exhibitions, HKTDC organised three “Style Hong Kong” shows in Mainland cities in 2009-10. They were well received and attracted a large number of Hong Kong exhibitors and Mainland consumers visiting the shows. In 2010-11, HKTDC will step up its efforts in this area and organise five “Style Hong Kong” shows in Fuzhou, Shenyang, Shanghai, Jinan and Guangzhou. The total budget for the five promotion events amounts to $54.72 million.
Directory: citb -> doc doc -> Replies to initial written questions raised by Finance Committee Members in examining the Estimates of Expenditure 2012-13 Director of Bureau : Secretary for Commerce and Economic Development Session No. 12 File name : cedb(cit)- doc Download 4.7 Mb. Share with your friends:
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