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DHL finds Hong Kong SMEs face trouble when branching out overseas
A NEW Hong Kong Productivity Council (HKPC) survey found that local small and medium-sized enterprises (SME) want to expand overseas, but a lack of financing, local knowledge and logistical support remain obstacles.
The survey, commissioned by Germany's DHL, revealed that despite slowing economic growth in mainland China, 55.5 per cent of Hong Kong SMEs are forging ahead to gain a foothold in this market.
Others are focused on the US (21.5 per cent), Taiwan (12.5 per cent), Japan (12 per cent) and emerging markets such as Thailand, Vietnam, Philippines and Brazil, said the DHL statement.
To help support the local SME community, DHL, supported by HKPC, has launched the "Go Global with DHL International Specialist" competition.
The SME that can best show how they express their business to the world creatively will win HK$150,000 (US$19,349) in funding, including DHL shipping credit, plus their travel and logistics costs for attending a local or overseas trade show of their choice. Entries are accepted until the end of the year.
Said DHL Express Hong Kong/Macau chief Ken Lee: "We want to add value to the efforts that many smaller businesses are making to go global. We are confident that we can support local SMEs in exploiting opportunities in new markets."
The survey, commissioned by Germany's DHL, revealed that despite slowing economic growth in mainland China, 55.5 per cent of Hong Kong SMEs are forging ahead to gain a foothold in this market.
Others are focused on the US (21.5 per cent), Taiwan (12.5 per cent), Japan (12 per cent) and emerging markets such as Thailand, Vietnam, Philippines and Brazil, said the DHL statement.
To help support the local SME community, DHL, supported by HKPC, has launched the "Go Global with DHL International Specialist" competition.
The SME that can best show how they express their business to the world creatively will win HK$150,000 (US$19,349) in funding, including DHL shipping credit, plus their travel and logistics costs for attending a local or overseas trade show of their choice. Entries are accepted until the end of the year.
Said DHL Express Hong Kong/Macau chief Ken Lee: "We want to add value to the efforts that many smaller businesses are making to go global. We are confident that we can support local SMEs in exploiting opportunities in new markets."
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