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Deals in cyberspace now a reality with TDC trade portal

Hong Kong is pushing to the forefront of the e-commerce revolution with the launch of online trade facilities that focuses on Hong Kong's trading community. The Trade Development Council (TDC) launched an Internet portal site on Feb. 22, focused on international trade, Hong Kong's most important economic activity. The portal website is, and it draws on TDC's unique content, in particular a database of more than 600,000 qualified buyers and sellers苛the largest such database in Asia.
Launch into cyberspace...TDC trade portal at took off into cyberspace on Feb.2, 2000, launched by the TDC's (from left) Michael Sze, executive director, Dr. Victor Fung, chairman, and Anna Lai, deputy executive director.

" will become the preferred first stop in cyberspace for anyone doing trade in Hong Kong, the Chinese mainland and the wider region," remarked the TDC's Chairman, Dr Victor K Fung. "It will help Hong Kong manufacturers, traders and their global partners find opportunities and initiate deals in cyberspace."

He said that Hong Kong's small and medium-sized enterprises (SMEs) will especially benefit from as the portal is geared to their needs for market information, contacts, match-making and easy access to reliable e-commerce facilities. "With the new portal, SMEs will be part of a global marketplace for electronic sourcing and selling in a region where they can leverage existing advantages."

Local SMEs will be more visible in the Internet world than in the past because TDC will market and heavily promote around the world and especially in the Chinese mainland where Internet usage is rising rapidly.
"This is especially so with China's impending entry to the WTO. Hong Kong is the place in Asia where the Internet revolution intersects with the further opening of the mainland market and with economic recovery in the region." Dr Fung said.

Overseas companies visiting the portal will have access to TDC's on-line databank of over 100,000 Hong Kong suppliers and buyers. These include companies who can help overseas firms enter markets in the mainland and the region. There are at present 12,000 cyber advertisers on the portal promoting their products and services on-line. In addition, hyperlinks to web sites of 6,300 Hong Kong companies are provided.

" is, above all, a service to the business community. While most Internet portals are naturally in business to make money, TDC's portal is in business to help other people make money," said Dr Fung. The portal, developed in English and Chinese is a free service, except for a few highly customised features for which there is a modest charge.

The trade portal aims to be the virtual business information hub for Hong Kong and the mainland, on the Internet. The TDC has teamed up with other partners to enrich the transportation-related information of the portal, joining hands with the Hong Kong Shippers' Council to provide shipping news, and the HKSAR Marine Department.