HKTDC APRIL FAIRS DRAW 230,000 BUYERS, UP NEARLY 3 PERCENT

Business sentiment at the fairs was unaffected by the escalating Sino-US trade dispute of recent weeks. On-site surveys conducted during the fairs found 70% of respondents expected no negative impact on Hong Kong's export performance, while 80% were neutral or optimistic that the 2 nations would resolve their differences.

The seven April fairs were: the Hong Kong International Lighting Fair (Spring Edition), Hong Kong Electronics Fair (Spring Edition), International ICT Expo, Hong Kong Houseware Fair, Hong Kong International Home Textiles and Furnishings Fair, Hong Kong Gifts & Premium Fair, and the Hong Kong International Printing & Packaging Fair, which was jointly organised by the HKTDC and CIEC Exhibition Company (HK) Ltd.

The HKTDC commissioned an independent research agency to conduct on-site surveys during the fairs in April, interviewing more than 2,700 exhibitors and buyers. 67% of respondents in the electronics industry were positive about the developments in innovation and technology in Hong Kong, with financial technologies (FinTech) identified as having the highest potential, followed by smart city and artificial intelligence. The respondents felt that the huge number of relevant professionals (50%), reliable and predictable policy (36%) and business-friendly environment (34%) were Hong Kong's advantages in developing innovation and technology.

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HKTDC APRIL FAIRS DRAW 230,000 BUYERS, UP NEARLY 3 PERCENT