Policy Address

  1. strengthening brand development of SMEs – The HKTDC will formulate plans for setting up more Hong Kong Pavilions in Mainland and overseas exhibitions to further promote Hong Kong brands. The Trade and Industry Department and the HKTDC will also enhance support for SMEs in developing brands and expanding the sales network of e-commerce;

  2. enhancing the services of the Hong Kong Design Centre – The organisation and functions of the Hong Kong Design Centre will be re-structured, so as to assist SMEs in the design industry to enhance their services in product and brand design, and strengthen collaboration and interface with start-ups and Mainland enterprises operating in Hong Kong;

  3. enhancing incentives for recurrent exhibitions – An additional provision of $500 million will be allocated for launching the Incentive Scheme for Recurrent Exhibitions 2.0, targeting new and international exhibitions of large scale, in order to further promote mega-event economy and the development of the convention and exhibition industry;

  4. supporting participation in government procurement – The HKHA will refine the application procedures for admission to the list of maintenance works contractors, providing more tendering opportunities for contractors; and

  5. enhancing security of payment in the construction industry – The Government has introduced the Construction Industry Security of Payment Bill, which prohibits the use of unfair payment terms such as "conditional payment" in contracts and introduces an adjudication mechanism to resolve payment disputes.