Hong Kong’s small and medium-sized companies stand to dilate their presence in the world market, particularly in the countries and regions along the China-led Belt and Road Initiative, by taking part in the upcoming 16th China International Small and Medium Enterprises Fair.
“Participating in the fair allows Hong Kong SMEs to yield unusually brilliant results not only within China, but also in the Belt and Road-related markets,” Tang Kam-tim, a Hong Kong counselor at the Bureau of China International SME Fair, said at an event in Hong Kong on Thursday to promote the fair.
Participating in the fair allows Hong Kong SMEs to yield unusually brilliant results not only within China, but also in the Belt and Road-related markets
a Hong Kong counselor at the Bureau of China International SME Fair
The fair, which has been held annually since 2004, will take place in Guangzhou, capital city of Guangdong province, from June 24 to June 27, with the theme “Intelligence, Wisdom, Smart Manufacturing and Energy Conservation”. It's aimed at promoting exchanges and cooperation on products and technologies of SMEs worldwide, and resonates with President Xi Jinping’s recent calls for unwavering support for the development of the private sector and SMEs.
Tang, who’s also a committee member of the Chinese Manufacturers’ Association of Hong Kong, stressed Hong Kong’s unique role in linking the Chinese mainland with global markets.
Wu Hong — deputy director of the Committee of the China International SME Fair — noted the irreplaceable contributions of Chinese SMEs in providing more than 50 percent of the government’s tax revenues, 60 percent of the national GDP, 70 percent of technological innovation, 80 percent of employment in the urban areas, as well their making up 90 percent of the total number of businesses in the country.
SMEs, she said, form the basis of building modernization and significantly boosting employment and improving livelihood in China. The fair could take the development of SMEs to new heights, especially following the release of the outline blueprint for the Guangdong-Hong Kong-Macao Greater Bay Area, that has deepened the relationship between Hong Kong and mainland enterprises.
The 16th CISMEF, to be hosted by the Ministry of Industry and Information Technology, the State Administration for Market Regulation and the People’s Government of Guangdong Province, is expected to attract some 3,000 local and overseas exhibitors.
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