North American Buyer Splashes Nearly HK$4 Million on Smart Electronics, Praises Autumn Electronics Fair Exhibitors for Quality and Diversity

The Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and electronicAsia, jointly organised by the HKTDC and MMI Asia Pte. Ltd., are currently being held at the Hong Kong Convention and Exhibition Centre. Overseas buyers have responded enthusiastically, widely praising the high quality of exhibitors, the international nature of the platform and the diversity of products, while affirming Hong Kong's advantages as an efficient sourcing platform and international trading centre.

Overseas buyers have responded enthusiastically, widely praising the high quality of exhibitors, the international nature of the platform and the diversity of products, while affirming Hong Kong's advantages as an efficient sourcing platform and international trading centre.

Morris Malakan, Chairman of NBC Electronics, a veteran buyer from North America who has participated in the HKTDC Autumn Electronics Fair for over a decade, is a distributor supplying major shopping malls (such as Walmart) and large online stores across the U.S. and South America. This year, he expects to spend approximately US$500,000 (nearly HK$4 million) on smart consumer electronics and entertainment devices, and has already spotted retro-style smart players designed to resemble vintage radios presented by Hong Kong and Mainland exhibitors.

Morris Malakan, Chairman of NBC Electronics.

He said his procurement budget this year has increased by about 10 percent compared with last year, mainly due to his optimistic outlook on global economic development prospects. He added: "Compared with exhibitions in other regions, the exhibitors at the Autumn Electronics Fair and electronicAsia are of higher quality and very international, with diverse choices, allowing one-stop procurement of different product categories to meet the needs of our distribution network." He expressed great satisfaction with his sourcing trip to Hong Kong, particularly praising the on-site "RoboPark" zone for integrating diverse application scenarios, which he found impressive, and said he would definitely return next year.

Devesh Rastogi, President of the All India Small IT & Electronic Manufacturers Association.

Devesh Rastogi, President of the All India Small IT & Electronic Manufacturers Association, noted that India's "Make in India" initiative is committed to establishing India as a global hub for manufacturing, design and innovation, creating strong demand for innovative electronic products and production technologies. His visit to Hong Kong primarily aimed to seek partners and introduce innovative products for production collaboration in India before selling them to the local market. He said: "The Autumn Electronics Fair and electronicAsia feature many innovative products not found in the Indian market, such as those related to artificial intelligence and robotics technology, smart living and next-generation entertainment, which we hope to introduce to the local market." At the same time, as he is engaged in the printer manufacturing business, he was also looking for software products and printed circuit board (PCB) components at the concurrently held electronicAsia. He praised Hong Kong's superior geographical location as an ideal springboard for exploring the Mainland market and developing international business, and described the HKTDC's business matching services and clear exhibition planning as an excellent sourcing platform. He noted that India has a large population and rising consumer power, offering huge market potential and substantial demand for various types of electronic products and components.

The two exhibitions bring together over 3,200 exhibitors from 15 countries and regions, showcasing innovative products and solutions in smart consumer electronics, next-generation entertainment devices, electronic components, and advanced manufacturing technologies, providing a one-stop sourcing and networking platform for global buyers.

The two exhibitions bring together over 3,200 exhibitors from 15 countries and regions, showcasing innovative products and solutions in smart consumer electronics, next-generation entertainment devices, electronic components, and advanced manufacturing technologies, providing a one-stop sourcing and networking platform for global buyers. The exhibitions will conclude on 16 October, while the online exhibition period will extend to 23 October.

FS to attend Annual Meetings of IMF and World Bank Group in Thailand

The Financial Secretary, Mr Paul Chan, will depart for Bangkok, Thailand, tomorrow morning (October 15) to attend the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) as a member of the Chinese delegation.

This year's Annual Meetings will bring together officials responsible for fiscal, financial and economic affairs, central bank representatives, business and non-governmental sector leaders, and academics from around the world to discuss issues including the global economic outlook, financial stability, poverty reduction, inclusive growth and job creation. The meetings will also focus on mobilising private capital to support infrastructure investment, employment and sustainable growth across economies, as well as harnessing artificial intelligence to promote development while managing the associated risks.

Mr Chan will attend the plenary session of the Annual Meetings on October 16. During the Annual Meetings, he will also attend a roundtable co-organised by the IMF and the Hong Kong Monetary Authority to explore investment and financing opportunities in the Hong Kong market for economies in the Middle East and Central Asia. He will outline how Hong Kong can leverage the strengths of its financial markets and professional services to meet these economies' investment and financing needs, and foster cross-border financial co-operation.

In addition, Mr Chan will take part in dialogue sessions organised respectively by Bloomberg and the Atlantic Council to exchange views on Hong Kong's economy, offshore Renminbi business, technological and financial innovation, and the global economic and trade landscape. He will highlight Hong Kong's strengths and resilience as an international financial centre, as well as its role in connecting the Mainland and global capital markets.

During the Annual Meetings, Mr Chan will also meet with financial officials from various economies and senior executives of the IMF, the WBG and international financial firms to exchange views on the global and regional economic and financial situations. He will also introduce the latest developments and opportunities in Hong Kong's financial services sector to strengthen ties and foster further co-operation.

Mr Chan will depart from Bangkok for Hong Kong on the morning of October 17 and arrive in Hong Kong in the afternoon. During his absence, the Deputy Financial Secretary, Mr Michael Wong, will act as Financial Secretary.

Source: AI-found images