Hong Kong investors are advised to form partnerships with international
players and mainland companies, to bid for the 2008 Beijing Olympic infrastructure
projects, according to the latest issue of Trade Watch published by the
Trade Development Council.
Most Olympic-related infrastructure projects will be put up
for international tendering and a relaxation in regulations governing foreign
joint ventures is expected, Trade Watch says.
The report, titled "2008
Beijing Olympics: Business Opportunities for Hong Kong", says Hong Kong
investors have a "first mover" advantage in China and can provide one-stop solutions
for multiple infrastructure needs, based on their expertise in finance and technical
support.
Speaking at the press briefing,
TDC's Chief Economist Edward Leung said, "Hong Kong enterprises' competitiveness
can be further enhanced by forming strategic partnership with overseas companies
which have solid experience in designing and building the Olympic standard stadium."
Complementary to infrastructure projects and other organizational
needs, Hong Kong services providers will also find good business opportunities
in different sectors arising from Beijing Olympics. Mr. Leung added, "For example,
Hong Kong companies' experience in IT services such as call centers, electronic
ticket management and smart card technology would be in great demand to help
Beijing to stage a technologically-advanced Olympic Games."
In addition, the report says business opportunities will emerge
in the licensing sector. Licensed products carry emblems and mascots of the
Games are historically popular around the world. Hong Kong manufacturers with
their production facilities in the mainland, excel in supplying competitively
priced quality sporting goods and gift items, will stand a good chance of getting
the licence. They are also encouraged to participate directly in the distribution
of Olympic-related products in the mainland and overseas markets.
To keep abreast of the latest market intelligence, Hong Kong
traders are advised to adopt a more pro-active approach in monitoring developments
and liaising with the Beijing Olympic Games Organising Committee.
The report also explores business opportunities in other industries that are
open to Hong Kong companies in the Beijing Olympics and discusses how Hong Kong
companies can increase their chances of winning these business contracts.
To assist local traders to capture these opportunities, the Trade Development
Council is planning to set up a special task force which will be responsible
for information collection, refinement and analysis. Industry leaders will be
consulted for forming strategic plan and implementing promotion projects.
Please click here
to read the full report of "2008 Beijing Olympics: Business Opportunities for
Hong Kong". It is also available for sale at the TDC
Head Office or any SME Service
Station, or it can be purchased through the CyberBookshop
section in TDC website.
To view the press briefing, please click here .
