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Hong Kong Earmark $630 Million to Help SMEs Adopt e-Business
2002/03/21

Tagalder's CEO, Peter Chun, met with Mr. Sin Chung-kai, the Legislative Councilor representing the Information Technology Functional Constituency in Hong Kong. Mr. Sin assured to Mr. Chun that the current government policy fully supports and encourages IT development in this region.

"With the total of $1.9 billion of SMEs Fund, the Government needs to earmark at least one-third of amount ($630 million) to assist SMEs in adopting e-business if Hong Kong intends to become a leading digital city." Mr. Sin commented.

Mr. Sin appreciates the Government's initiative that additional $600 million of funding will be injected to assist SMEs. As e-business will be an inevitable trend in the information economy, he stressed that it is extremely important to our local business, especially the SMEs have sufficient resources and support to master and to take advantage of new electronic business mode.

"Facing with economic restructuring, Hong Kong's SMEs need to urgently regain their competitive edge by investing and deploying IT in their business. Such move not only help to lowering their business operational cost, and to maintaining their own competitiveness in the information economy, but also in tandem with Government's plan to transform Hong Kong into an International Transportation and Logistics Hub." Mr. Sin continued.

"We understand that many SMEs may not be in a position to invest in IT under the current ailing economic situation. The additional government financial support will serve as an immediate measure to assist them in employing IT, contributing to the overall well-being of Hong Kong's business in the future." Mr. Sin added.

Mr. Chun informed that Tagalder group has partnered with several technology providers and will work closely with Hong Kong Government to develop IT business in Hong Kong, China and Asia countries.

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