Friday, July 13, 2012
News this week: Last week, the Hong Kong Trade Development Council (HKTDC) published its annual report for the financial year ended 31st March 2012. The HKTDC’s revenues generated from exhibitions and missions increased by 3.7% reaching US$208 million. Overall, the HKTDC’s total revenues, including a US$49 million government subvention, were US$313 million – up 1.8% year-on-year.
Revenues from print magazines and the online marketplace were US$24 million - flat compared with last year. Revenues from operations of the HKTDC-owned Hong Kong Convention and Exhibition Centre (HKCEC) were up by 7.1% to US$19 million.
HKTDC executive director, Fred Lam, stated in the annual report, “As the world intensified its focus on Asia in 2011/12, our goal was to ensure that Hong Kong remained a priority business platform for eastward-looking companies. With that as our guiding principle, we organised events and missions to key area of the world… offered meaningful opportunities for Hong Kong businesses.”
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