The Trade Development Council: The government injects HKD 200 million into the BUD Special Fund to support Hong Kong's SMEs and emphasize economic transformation and high-quality development

The Hong Kong Trade Development Council welcomes the government's latest financial budget. The Chairman of the Hong Kong Trade Development Council, Jack Ma, stated that the series of forward-looking measures in the financial budget, including the formulation of Hong Kong's first five-year plan and the injection of HKD 200 million into the "BUD Special Fund," fully reflects the SAR government's support for Hong Kong's small and medium-sized enterprises and its emphasis on economic transformation and high-quality development. The Trade Development Council will actively cooperate with the SAR government's policy direction, fully implement the national "14th Five-Year Plan," support Hong Kong in consolidating and enhancing its status as an international financial center, shipping and trade center, and build an international innovation and technology center and a high-end talent aggregation hub, expand the global business network, deepen the ASEAN and Middle East markets, and explore more emerging markets, helping Hong Kong further play a key role in jointly building the "Belt and Road."

Jack Ma continued to point out that Hong Kong, as a "super connector" and "super value creator," possesses a unique advantage of "internal connection and external communication," effectively bringing in international capital, technology, talent, and advanced management experience to assist mainland and local enterprises in upgrading and innovating, helping mainland enterprises to "go global" through Hong Kong's professional service platform. As a core member of the "Mainland Enterprises Going Global Task Force," the Trade Development Council will further leverage its global network of 51 offices to explore global markets, diversify risks, and achieve diversified development. In addition, the Trade Development Council will continue to provide value-added services for Hong Kong enterprises, especially small and medium-sized enterprises, empowering them to seize e-commerce opportunities, achieve digital transformation, and enhance competitiveness.

The financial budget proposes several measures to promote Hong Kong's construction as an international innovation and technology center. The Hong Kong Trade Development Council will continue to actively cooperate with the SAR government, promoting Hong Kong's innovation and technology strengths and ecological advantages to the mainland and overseas through its thematic exhibitions, conferences, and events, facilitating cross-industry and cross-regional cooperation, and integrating intellectual property elements to enhance overall competitiveness and effectively safeguard innovative achievements.

The financial budget also mentioned that the Asian Financial Forum will celebrate its 20th anniversary next year, and the Hong Kong Trade Development Council will actively cooperate with the SAR government to strengthen the content of financial empowerment for industrial development, using global industry summits to promote better financial services for the real economy and advantageous industries. (sl/