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3000-2 ACSS petite and Medium Enterprise (SME)(R) Communications

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3000-2 exam Dumps Source : ACSS petite and Medium Enterprise (SME)(R) Communications

Test Code : 3000-2
Test denomination : ACSS petite and Medium Enterprise (SME)(R) Communications
Vendor denomination : Avaya
brain dumps : 118 actual Questions

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Avaya Helps petite and Mid-dimension groups 'feel large' With more suitable Collaboration items, recent innovations | killexams.com actual Questions and Pass4sure dumps

BASKING RIDGE, NJ--(Marketwire - 05/17/11) -

  • New SME consumers -- bakery proprietor and television renowned person chum Valastro and top song enterprise The company neighborhood -- participate experiences in collaboration
  • business shares impending innovations for petite and medium companies: Avaya Flare adventure for mobile gadgets, hybrid cloud mannequin
  • Avaya, a world leader in company collaboration programs, application and services, these days unveiled recent product releases, customers and improvements in the petite and medium enterprise market at a worldwide press, analyst and accomplice adventure. These bulletins consist of the recent edition of Avaya's communications solution for this market -- Avaya IP workplace 7.0 -- which drives more suitable imprint downs, consumer experiences, and collaboration for a brand recent technology of entrepreneurs, early-stage groups, and mid-size enterprises.these days, the enterprise additionally unveiled customer and associate assist for Avaya IP office 7.0 including two recent 7.0 purchasers: Carlo's Bakery, domestic to proprietor and television character chum Valastro, and suitable music reserving solid The agency neighborhood (for extra details on customers, descry quotes below). moreover, Avaya introduced that a few service company partners -- together with Bell Canada and Verizon -- will offer Avaya IP workplace 7.0 to their petite and medium traffic valued clientele.New Avaya IP office 7.0 Capabilities Avaya IP workplace 7.0 completes the combination of Nortel enterprise solutions (NES) IP and digital telephones into the IP office platform (NES was got by using Avaya, Dec. 2009). This integration now allows about 14 million NES clients(1) to benefit Avaya IP office's collaboration capabilities, and can pressure 40 to 60 p.c in reductions(2) for NES purchasers via enabling them to continue latest telephones when upgrading to Avaya IP workplace. This upgrade can also live accelerated and simplified with the aid of a recent statistics Migration tool that lets partners switch a business' current facts (i.e. voicemails, cellphone extensions) to their recent systems, holding productivity without interruption.Avaya IP office 7.0 also grants an accelerated portfolio of gadgets for multimedia collaboration, together with subtle recent color touchscreen laptop telephones that permit users scroll through contacts or control visual voicemail on the touch of a finger. additionally, recent conference margin telephones present patented extensive-band audio, denomination recording by means of SD card, and speedy USB connectivity to a computer for temporary set-ups. These are portion of a portfolio that offers a number of advanced communications, similar to HD videoconferencing by the employ of computer workstation without a introduced materiel required.imminent Capabilities, Demos for petite and Medium companies very nearly 60% of petite and mid-size agencies situation they use, are interested in, or are planning to construct employ of collaboration utility.(3) At an Avaya press, analyst and associate adventure today in recent york, the enterprise discussed imminent improvements in collaboration for this market, including the Avaya Flare adventure for petite and medium groups. Avaya also tested superior multi-birthday party videoconferencing by means of a number of instruments, computing device sharing capabilities, and an help from a Nortel gadget to Avaya IP workplace the usage of the information Migration tool.Avaya also shared its imaginative and prescient for a hybrid cloud manner to petite and medium communications, which areas Avaya IP office on premise, while enabling opt for applications to live hosted 'in the cloud' on a accomplice network. This means will allow extra resilient employ and sooner deployments of Avaya's newest collaboration applications.helping charges chum Valastro, proprietor of Carlos Bakery and fact-television megastar (IP office 7.0 consumer): "Our company is becoming. The strains at the bakery are getting longer, and client denomination volumes are rising -- which is remarkable. however i realized they needed a communications solution this is powerful satisfactory to tackle their rising enterprise and may allow us to serve every client with as a whole lot best as they set into their desserts. Avaya IP workplace 7.0 offers my personnel and i the collaboration materiel vital to drive desirable fine service and business, whether we're on-the-go or at Carlo's Bakery. i enact know the significance of supplying and getting the most efficient, and that's why I chose Avaya IP workplace." (Implementation via Avaya traffic accomplice American workplace equipment)Howie Gold, director of IT, The company neighborhood (IP office 7.0 customer): "Avaya has executed a fine job of bringing the facets of their current Nortel telephones to the Avaya IP office platform, which makes the transition more convenient." For plenary chronicle on The agency neighborhood's experience, study the click unlock issued today right here. (Implementation by Avaya company ally Telanet)Cary Parsons: vice president, Infrastructure features, Bell Canada (Avaya carrier provider partner): "because the Canadian market chief in petite and medium traffic communications, Bell is dainty to the evolving wants of consumers during this dynamic market. we're lighthearted to add the recent edition of IP workplace to their portfolio, providing seamless migration to subsequent-technology unified communications for their purchasers. Avaya IP office aligns with their dreams of offering innovation in communications, while conserving the person's prior know-how investments."Isabelle Guis, widespread manager, Avaya petite and MediumEnterprise Division:"because the economic climate shifts into a better equipment, today's petite and medium businesses want the most fulfilling materiel purchasable to collaborate and compete readily. Avaya IP office 7.0 represents the head of advanced communications during this market, presenting vast unified communications capabilities with a focus on simplicity and discount rates."related advice leadership: Avaya is now the chief in the petite and medium traffic market with about 30 million telephony clients on Avaya petite and medium communications platforms.(4)shoppers: Avaya recently handed 200,000 Avaya IP office valued clientele.(5)New Contest: Avaya these days launched a petite company Innovators contest, asking entrants to interpret their view for innovating the style their traffic serves clients, and believe a desultory to win a grand prize: a brand recent IP office solution and connected products.Tags: Avaya IP office, unified communications, petite business, SMB, SME, contact center, mid-measurement company, medium enterprise, communicationsFor greater assistance, photos and case reports, talk over with the Avaya IP workplace 7.0 virtual media kit online right here.About Avaya: Avaya is a world chief in enterprise communications and collaboration, offering unified communications, contact centers, records options and linked services to groups of everyone sizes everywhere. For more suggestions delight visit www.avaya.com.certain statements contained in this press release are forward-looking statements. These statements may live recognized by means of ahead-searching terminology reminiscent of "assume," "believe," "continue," "may," "estimate," "predict," "intend," "may additionally," "could," "plan," "abilities," "predict," "should still" or "will" or other identical terminology. they believe based mostly these forward-searching statements on their current expectations, assumptions, estimates and projections. while they regard these expectations, assumptions, estimates and projections are within your means, such forward searching statements are best predictions and accommodate time-honored and unknown risks and uncertainties, a lot of which can live beyond their manage. These and other essential factors can occasions their precise effects, performance or achievements to vary materially from any future consequences, efficiency or achievements expressed or implied by these forward-looking statements. For an inventory and description of such risks and uncertainties, delight refer to Avaya's filings with the SEC that are available at www.sec.gov. Avaya disclaims any objective or duty to update or revise any ahead-searching statements, no matter if because of recent advice, future hobbies or in any other case.comply with Avaya on Twitter, fb, YouTube, LinkedIn, Flickr, and the Avaya linked blog.(1) in keeping with Avaya interior figures.(2) in response to Avaya calculations.(3) Forrsights enterprise determination-Makers Survey, this autumn 2010, Forrester research Inc., February 2011. SME described in this case as a enterprise with 100-999 personnel. On collaboration utility: fifty seven% are 'attracted to the usage of,' 'once in a while use,' 'often use' or 'planning to employ in next 12 mos.'(4) Avaya calculations in line with Dell'Oro market participate studies. determine represents Nortel and Avaya clients of ordinary Key, Hybrid PBX - petite and IP-PBX programs because 2003.(5) based on interior Avaya earnings figures.


    Avaya announces recent platform for small, midsize agencies | killexams.com actual Questions and Pass4sure dumps

    Avaya, a worldwide leader in company communications application, has announced the newest version of the Avaya IP workplace Platform, the market-main unified communications solution for petite and midsize businesses.

    Avaya IP office liberate 10 is purchasable as a cloud, hybrid cloud, or premises-based deployment, enabling businesses to deploy recent capabilities based on company want, whereas making the most of enhancements in security, resiliency and end-person journey, referred to a statement from the business.

    With Avaya IP workplace release 10, channel companions can bring cloud-hosted unified communications (UC) and construct contact with middle (CC) solutions to customers, whereas conserving an on-premises gateway, permitting the customer to grasp trunk strains from carrier providers and fulfill regulatory requirements in the heart East, it noted.

    amongst other enhancements, Avaya IP office unencumber 10 also increases protection and resiliency. Now, built-in signalling and media encryption for endpoints and UC valued clientele helps maintain privacy and information integrity — essential in any deployment, however particularly in these delivered via pure or hybrid cloud features, it introduced.

    This pleasing characteristic in Avaya IP workplace is provided at no additional pervade or added complexity, in contrast to many different over-the-good, pure cloud UC seller offerings accessible today that best supply encryption as an optional line detail - if at all, talked about a press release.

    This enhance in safety is chiefly large to the midmarket: in accordance with a 2015 global survey, the variety of attacks reported by using midsize corporations improved sixty four per cent between 2013 and 2014, as cybercriminals circle to midsize agencies in hopes of convenient access, it brought.

    past other pure cloud deployments, the newest edition of IP office takes a special manner to resilience, providing gadget failover cloud to cloud, cloud to premises, premises to cloud and premises to premises.  some thing the method, the gadget stays lively and users preserve connectivity during the outage, it stated.

    The Avaya IP workplace Platform is purchasable via permitted channel partners in three deployment alternatives: premises-based, hybrid or pure cloud answer. With greater than half 1,000,000 systems shipped globally, Avaya IP office is one of the most widely offered unified communications solutions for petite and midsize groups available in the market nowadays, it mentioned. – TradeArabia information service 


    Avaya Unveils network Switches for petite organizations | killexams.com actual Questions and Pass4sure dumps

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    3000-2 ACSS petite and Medium Enterprise (SME)(R) Communications

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    3000-2 exam Dumps Source : ACSS petite and Medium Enterprise (SME)(R) Communications

    Test Code : 3000-2
    Test denomination : ACSS petite and Medium Enterprise (SME)(R) Communications
    Vendor denomination : Avaya
    brain dumps : 118 actual Questions

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    Firm to boost SMEs capacity through gregarious media | killexams.com actual questions and Pass4sure dumps

    By Gabriel Olawale

    A multimedia agency, NixxHash Communication has concluded plans to host its maiden digital training to boost the capacity of petite and Medium Enterprises (SMEs) in Ikorodu district of Lagos.

    The training, which is slated for Thursday, 27 September, is expected to help the skills of entrepreneurs through gregarious media channels.

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    However, the training will feature notable speakers including brand strategists, digital marketing experts, and communication masters, who will give participants anextra insights into taking critical steps in their traffic life cycle in a relaxed atmosphere.

    In the identical vein, the training seeks to give participants the extra insights to grasp the next critical step in their traffic life cycle in a relaxed atmosphere.

    Presentation at the event will prick across; building brands/business from ground smooth zero/ before you set your traffic online- 5 things you must do, Strategic communications for brands – streets verse cooperate, How to convert online tryst to sales/ how to audit your online presence and convert tryst to sales, keeping your brand pertinent over different life cycle


    The revival of L&T Finance Holdings | killexams.com actual questions and Pass4sure dumps

    Dinanath Dubhashi: "All the tough calls were made and no one questioned them."

    In June 2016, when Dinanath Dubhashi took pervade as the managing director and CEO of L&T Finance Holdings (LTFH), succeeding Yashwant Deosthalee who took over as its chairman, the going wasn’t Great for the NBFC. Its return on equity (ROE) had fallen to 9 percent after costs had surged int the process of operating a string of businesses that were not generating better returns. And the crowded space it was operating in was pulling the company down: Diversified NBFC rivals such as Bajaj Finance, Aditya Birla Capital, Tata Capital and HDFC had already secured a solid footing and others affection Piramal Capital and Housing Finance, IndiaInfoline Finance, ECL Finance (from Edelweiss Group) were vying for business.  

    One of the reasons behind LTFH’s tough journey was that, over the past decade, NBFCs in India grew at a hectic pace, expanding lending activity as several banks, crippled by non-performing assets (NPAs), were unable to lend to segments that needed capital.

    These segments included housing finance (particularly in the affordable segment) amid quiet low home ownership levels, vehicle finance (new and used vehicles), micro, petite and medium enterprises (MSMEs) finance (an underpenetrated market where less than 50 percent of the credit requirements are being met today by formal monetary channels affection banks and NBFCs) and wholesale financing (which includes large ticket loans towards segments affection actual estate, mid-market promoter financing, infrastructure financing that involves a significant quantum of structured debt).

    LTFH, in which the parent company L&T holds a 64.01 percent stake, tried to believe a finger in each pie between 2011 and 2015. After it became a listed company in 2011, macro-economic conditions in India weakened, thus impacting its lending activity. The company, too, lost its focus after it applied for a banking licence in 2013. “We had started thinking affection a bank, when they were not one, and their cost of funds and customers were affection an NBFC's,” admits Dubhashi. This led to excess products in which they had no leadership position and a surge in costs as the company expanded.

    Top among Dubhashi’s strategies for getting into shape was trimming down businesses from 21 to just five “right” ones, particularly those businesses where shareholder returns were maximum and the company had a desultory to climb to the top five in growth and top two in profitability. As a result, LTFH now operates in five verticals—rural, housing and wholesale (infrastructure) lending, and non-loan businesses such as mutual funds and wealth management, through five divide subsidiaries. “All the tough calls were made and no one questioned  them,” says Dubhashi, who previously worked at BNP Paribas and SBI Caps.

    Dubhashi also introduced the 'Results not reason' programme, where the focus was to achieve milestones. Some of the projects, which were portion of their centres of excellence, are now headed by 30- to 35-year-old mid-level employees with leadership potential. “They believe been given three- to four-year objectives in terms of targets, but with milestones that they believe to achieve every three months,” says Dubhashi, who monitors their performance every quarter.

    Besides, the recent plot involved focussing on “retailisation” of the lending book, shifting focus to high-growth areas of retail finance, including auto and home loans. At present, rural lending accounts for 22 percent, housing 24 percent, wholesale finance 53 percent, and 1 percent for de-focussed business.

    Dubhashi aspires to believe everyone lending businesses (rural, housing and wholesale) at 33 percent each of the engage in the next three to four years. Its September 5 sale of its supply chain finance traffic (loan engage of ₹800 crore) to Centrum monetary Services for an undisclosed amount is seen as a step in that direction.

    He has also given a renewed thrust to fee-based income through underwriting and down selling in the lending businesses. The NBFC has seen three-fold climb in its fee income to ₹359 crore, making it less vulnerable to tough traffic cycles.

    The outcome of the course correction? There has been a tangible improvement in the key ratios: Its total loan engage is at ₹86,571 crore, its return on equity has doubled to 18.45 percent as of Q1FY19 and market cap at ₹33,979 crore (on a stock expense of ₹170 on September 4, 2018).

    In Q1FY19, it also calculated its stressed assets (Stage 3 under expected credit losses) at ₹6,480 crore (or 7.93 percent) and provisioning of 62 percent at a consolidated level. despicable loans were at 11.7 percent and provisioning lower at 51 percent for the corresponding quarter a year earlier.

    Of the consolidated figure, despicable loans in wholesale lending stood at ₹5,058 crore, on which a provisioning of ₹3,200 has been made. Dubhashi is confident that, with aggressive provisioning when its traffic is faring well, the despicable loan concern is behind them.

    “ They had started thinking affection a bank, when they were not one, and their cost of funds and customers were affection an NBFC's.”Dinanath Dubhashi, MD & CEO, LTFH

    In any organisation, it is usually after the cycle of tough decisions that extraneous, non-important things start coming to the fore. But there has been no pulling back. To forestall employees from slackening, Dubhashi launched a propel towards the cease of 2017, which said '7 quarters is not 10 years'. This has been followed by another one in April 2018, which said 'Basecamp to Mt Everest', a signal to employees that the company is not only far from the summit but is yet to compass base camp. “Base camp targets believe been set out for each vertical, which are to live met by March 30, 2019,” Dubhashi says.

    There could not believe been a more apt time for Dubhashi to launch his latest propel with an eye on the long term. For, despite businesses being in a better shape than what they were two years ago, there are actual concerns that need to live addressed. And LTHF hasn’t been able to build a firewall yet.

    All NBFCs in the country offer pretty much the identical suite of products to customers. Bajaj Finance, one of the fastest growing ones, has a focus on consumer durables and SME lending, and follows a strategy of profit participate and not market share, which means the bottom line, rather than just aiming for revenue growth. LTFH, barring infrastructure financing, is quiet looking to help its market share.

    Krishnan Sitaraman, senior director (financial sector), Crisil, says: “NBFCs believe raised ₹40,000 crore of capital in the final five fiscals that has resulted in gearing levels [a company’s debt compared to equity capital] coming down despite the growth. The challenge in the current fiscal for NBFCs is on the liability side.” As interest rates are rising again, so are borrowing costs of NBFCs. But lending rates for some NBFCs believe not kept pace, particularly in segments affection recent vehicle loans and home loans where competition from private banks is high.

    LTFH’s largest traffic is towards wholesale lending, which, including its infrastructure debt fund, has a 53 percent participate of the total book. “Wholesale loans are relatively chunkier and carry higher concentration risk with infrastructure lending representing additional construction and execution risk,” says ratings agency ICRA in its August 28 note on LTFH.

    While some of these risks could live lessened, considering that the company has shifted towards renewable energy projects and they believe a stout legacy experience of infrastructure lending, the aptitude of the group to manage asset quality—with early warning signals—through different traffic cycles will need to live watched.  

    High NPAs for LTFH—these are lower for other NBFCs—are due to its existing legacy business. Umang Shah, monetary analyst at HSBC Securities and Capital Markets, says, “The detain in resolution of stressed assets can maintain LTFH’s credit costs elevated for a term longer than expected.” LTFH’s consolidated NPAs stand at 7.93 percent, much higher than peers such as Aditya Birla Capital.

    On the non-loan side, LTFH has diversified by offering mutual funds and wealth management services to serve retain customers and capture a larger participate of their wallets. This will serve reduce the company's customer acquisition cost. But each of these businesses will need more time to grow.Aditya Birla Capital is already the third largest by average assets under management of ₹2,67,176 crore, while LTHF’s is ₹69,773 crore.

    At this stage, LTFH has a leadership position only in the renewables sector lending, while it ranks second to Mahindra Finance in farm materiel finance (which forms portion of rural lending). In micro loans, it stands third to Bandhan Bank and Bharat monetary Inclusion Ltd.

    “L&T Finance does not need to believe a competitive edge at this stage. They may not live market leaders in any segment, but it is fine if they can manage to help cost of funds. But the problem will emerge later where, if they are not a market leader in sub-segments, they could find it tougher to maintain a stable ROE in individual businesses, not at a consolidated level,” said another analyst with a foreign brokerage said. (LTFH’s cost of funds improved to 8.20 percent in FY18 from 9.20 percent in FY16.)

    A top management source at a emulate NBFC said LTFH will need to diversify further to start to believe pricing power [as a market leader] in segments. “It needs to live in at least 10 diversified businesses with market leadership in at least three of these, going ahead.”

    Dubhashi understands much of this. He has set out two more goals that contour portion of his Vision 2020 plan. The first is that LTFH’s ROE will not drunk below 18 percent. The second is a 'Never again' propel that he spoke of at an analysts' meet this July, highlighting that the company will never again scoot through the loss of confidence and credibility it saw in earlier years.

    Tough words these. The next several quarters will settle how far LTFH goes.

    (This chronicle appears in the 26 October, 2018 issue of Forbes India. You can buy their tablet version from Magzter.com. To visit their Archives, click here.)

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    Speech by CS at CUHK EMBA Annual Conference | killexams.com actual questions and Pass4sure dumps

      Speech by CS at CUHK EMBA Annual Conference

    Hong Kong (HKSAR) -      Following is the speech by the Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, at the CUHK EMBA Annual Conference today (October 13):

    Andrew (Programme Co-Director of EMBA of the Chinese University of Hong Kong, Professor Andrew Chan), Gregory(Chairman of the EMBA Annual Conference Organising Committee, Mr Gregory Yuen), Professor Chan (Pro-Vice-Chancellor of the Chinese University of Hong Kong, Professor Chan Wai-yee), ladies and gentlemen,

         fine afternoon. I am most honoured to associate you everyone at the CUHK EMBA Annual Conference today.

         The label of "Made in Hong Kong" represents a shared vision of the past, present and future generations of Hong Kong. Many of us may quiet remember the days in the 60s and 70s when they institute solace in stumbling upon a toy or a shirt labelled "Made in Hong Kong" as they travelled or studied abroad.

         They everyone know how the chronicle unfolded afterwards.

    Exactly forty years ago, the economic reform of Mainland China took off. As Hong Kong manufacturers gradually moved north, Hong Kong began to transform into a service-oriented economy. During the course of development, they rode out the storm of the 1998 Asian monetary crisis and survived the 2008 monetary crisis.

    Nine years on, Hong Kong's GDP grew 3.8 per cent in 2017, much stronger than the average of 2.7 per cent among developed economies. Retail sales rebounded from the slump several years ago and grew 2.2 per cent in 2017. Trade volume grew 8.4 per cent the identical year.

    In fact, their merchandise trade volume is three times the size of their GDP - a rarity in the world. Their unemployment rate hit a 20-year low at 2.8 per cent or plenary employment this year.

         Today, the service sector accounts for 92.2 per cent of their GDP, supplying 88.2 per cent of everyone jobs in Hong Kong across tourism, monetary services, logistics, wholesale and retail, and traffic services. Meanwhile, the manufacturing sector accounts for less than 2 per cent of Hong Kong's GDP.

         Some overseas economists wonder how Hong Kong's economy could survive over the years with such a petite manufacturing sector while most developed economies quiet maintain a sizeable fuse of manufacturing in their economy.

    On average, manufacturing constitutes 14 per cent of GDP in OECD (Organisation for Economic Co-operation and Development) markets, ranging from 21 per cent GDP in Germany to 11 per cent in the US. Even for petite economies affection Singapore, they quiet retain a manufacturing sector representing 18 per cent of its GDP. 

         Certainly, the vast opportunities offered by the gargantuan market in Mainland China are a ample factor that sustains the thriving economy of Hong Kong, but the tremendous efforts that Hong Kong people believe made to diversify their economy and bolster their competitiveness on the experience gained in the past also play an essential role.

    Innovation and Technology 

         The current-term Hong Kong Special Administrative Region (HKSAR) Government is determined to strive for innovation and develop a towering value-added and diversified economy. Innovation and technology (I&T) is crucial to promoting economic development, raising the competitiveness of the city and the property of animated of its people.

         Over the past two years, they believe invested over $60 billion for supporting I&T development, including allocating $20 billion for the first-phase development of the Hong Kong-Shenzhen Innovation and Technology Park located at the boundary with Shenzhen and in an district known as the Lok Ma Chau Loop, injecting $10 billion into the Innovation and Technology Fund and earmarking $10 billion to support the establishment of two research clusters - one on healthcare technologies and another on artificial intelligence and robotics technologies.

         They also believe a vibrant I&T ecosystem in Hong Kong.

    We are home to some 100 biotech companies, some 300 fintech businesses and over 2 200 start-ups. In 2017, they attracted about US$1,100 million venture capital. They believe set a target to double low domestic expenditure on R&D (research and development) to 1.5 per cent of GDP by 2022 or $45 billion a year.

    The 2018-19 Budget earmarked over $50 billion to expedite Hong Kong's I&T development. To animate greater corporate investment in R&D, they believe introduced a super tax deduction for research and development spending. The first $2 million eligible R&D expenditure will Enjoy a 300 per cent tax deduction, and the remnant at 200 per cent.

         While Hong Kong is a service-oriented economy, high-end and towering value-added manufacturing has a promising prospect, following the development of I&T and promotion of research and development.

    Indeed, Hong Kong has everyone the qualities needed to promote high-end manufacturing. They believe world-class I&T facilities, R&D capability, outstanding scientific research talent, financing platforms, geographical location, traffic environment, legal system and a well-developed regime to safeguard intellectual property rights. 

         More importantly, manufacturing has never left us. Home-grown industrialists may believe moved their factories to Mainland China and other emerging markets but Hong Kong remains the home of their headquarters.

    Many of them believe grown into global companies and built their own product brands as businesses are passed on to the second or third generation. They are also a key feeder of traffic to petite and medium enterprises (SMEs) in Hong Kong accounting for 98 per cent of companies in the city.

         To capitalise on their experience in manufacturing, they will collaborate with the industry to promote integration of innovative technologies with industrial production and rejuvenate the "Made in Hong Kong" label. To this end, the second Policy Address announced by the Chief Executive just three days ago (October 10) proposes to promote high-end manufacturing through expedition of re-industrialisation.

    We will establish a $2 billion re-industrialisation funding scheme to subsidise manufacturers on a matching basis to set up smart production lines in Hong Kong.

         The Precision Manufacturing Centre established by the Hong Kong Science and Technology Parks Corporation (HKSTPC) in Tai Po Industrial Estate and the Advanced Manufacturing Centre to live completed in Tseung Kwan O Industrial Estate will provide the industries with facilities for smart production. This year's Policy Address further recommends allocation of an additional $2 billion for the HKSTPC to identify suitable land in industrial estates for building manufacturing facilities required by the dedicated advanced manufacturing sector. 

         They believe that high-end manufacturing will generate R&D needs, which is conducive to raising R&D investment by the industries, thus contributing to robust and sustainable development of the R&D drudgery of local universities and research institutes. High-end manufacturing will also provide property jobs for local I&T talent, particularly immature people, for the long-term development of Hong Kong. 

         To nurture talent to support their I&T development, they believe launched a $500 million Technology Talent Scheme in August this year to recruit talent from outside Hong Kong to carry out research and development activities and train their local staff to apply cutting-edge technology for adding value to their businesses.

    The "Postdoctoral Hub" founded under the Scheme provides funding support for enterprises to recruit postdoctoral talent for scientific research and product development. The Scheme will also fund local companies on a 2 to 1 matching basis to train their staff in high-end technologies, especially those related to Industry 4.0 through its Reindustrialisation and Technology Training Programme. Response to the schemes has been positive.

    So far, 124 applications under the "Postdoctoral Hub" believe been approved and 54 applications from the matching grant believe been granted.

         In parallel, they launched the Talent List final month  to draw in towering property talents from everyone over the world in respect of 11 specified professions, including Fintech professionals and Innovation and Technology experts under the property Migrant Admission Scheme to support Hong Kong's development as a "high value-added and diversified economy".

    Creative Industries

         To unleash the potential of their immature people and promote emerging industries, the current-term Government has introduced an array of measures to support their creative industries. They are not merely a cluster of emerging professions mainly in the design, arts, cultural and communications sectors, but are also a powerhouse that will drive the economy, add value and revitalise the label of "Made in Hong Kong" internationally. From 2005 to 2015, the creative industries grew at an average annual rate of 5.4 per cent.

    It is noteworthy that, the design industry grew 15 per cent a year in the identical period. In 2016, it contributed 4.5 per cent to their GDP and employed 212 800 persons.       To promote the development of design and other creative sectors, they believe injected $1 billion into the CreateSmart Initiative, of which $300 million has been earmarked for the Hong Kong Design Centre (HKDC) mainly to fund mega activities. The Government, in collaboration with the Urban Renewal Authority and the HKDC, has secured space in a redevelopment project in the district for establishing a design and mode project to combine design and industry, to bring Hong Kong's mode design development to a recent level, and to groom immature designers. Construction works of the project will soon commence and are expected to live completed in 2023-24.

         The film industry, a key sector among the eight creative industries in Hong Kong, does not only enrich their cultural life, but has also successfully built up a brand denomination for "Hong Kong Films".

         Whilst the global film market has undergone major changes in recent years, and there is a significant decline in the number of local productions, Hong Kong filmmakers are doing well in other markets, and many talented and enthusiastic immature people quiet pick to pursue their career in the film industry.

         They believe that there is stout potential for their film industry to prosper.

    It is principal for the Government to drudgery closely with industry players to circle challenges into opportunities so that Hong Kong films can shine again. To this end, this year's Policy Address has just announced to construct a one-off injection of $1 billion into the Film development Fund to support initiatives for boosting the development of their film industry in the next few years. They will realise this vision through measures under the following four broad directions, including nurturing talent, enhancing local production, promoting the brand of "Hong Kong Films" to more markets on the Mainland and overseas and building local audience.

         To strengthen further their support for Hong Kong-based businesses in tapping overseas markets, they believe enhanced two funding schemes administered by the Trade and Industry Department, namely, the SME Export Marketing Fund and the "Dedicated Fund on Branding, Upgrading and Domestic Sales" or the BUD Fund.

    The SME Export Marketing Fund aims to animate petite and medium enterprises to expand their markets outside Hong Kong by providing monetary assistance to them for participation in export promotion activities. To enhance support to SMEs in exploring recent markets and recent traffic opportunities, they believe injected $1 billion into the Fund, raised the cumulative funding ceiling for enterprises and relaxed the limitation on the types of eligible marketing activities since August this year. 

         In parallel, they believe injected another $1.5 billion into the BUD Fund which aims to provide funding support to individual Hong Kong enterprises in undertaking projects to develop brands and restructure their traffic operations and promote sales on the Mainland market and ASEAN (Association of Southeast Asian Nations) market. To serve SMEs, including start-ups, grasp economic opportunities and boost their competitiveness, they believe extended the geographical scope of the BUD Fund to embrace the Association of Southeast Asian Nations markets by launching the "ASEAN Programme" and expand the cumulative funding ceiling per enterprise for projects involving the Mainland market.

    Belt and Road and Greater Bay Area

         There is much more to participate on the drudgery that the HKSAR Government has undertaken to maintain their competitiveness and boost Hong Kong's brand.

    The key policy initiatives that I would affection to employ the remaining time to cover are the gargantuan opportunities for Hong Kong to seize in the development of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay district (Greater Bay Area). These two national development strategies will believe a direct presence on the future of Hong Kong's economy and will open up opportunities for us to achieve recent heights.  

         Their city's growth potential is intertwined with that of their Motherland - the world's second largest economy.  Hong Kong's strengths as a well-connected global traffic and monetary hub will play an principal portion in these far-reaching economic initiatives.

         The Greater Bay district aims to unleash the economic potential of the cluster of 11 cities in the Pearl River Delta region, including Hong Kong, Macao and nine cities in Guangdong Province. Hong Kong has a key role to play in the Greater Bay district given their stout global connectivity, well-established institutional strengths, and competitive edges in trade, finance, innovation, and legal services.

    We provide an principal platform for Mainland enterprises to scoot global and overseas investments to penetrate the huge and lucrative China market.

         To set the scale of this development into perspective, the Greater Bay district covers a population of nearly 70 million, similar to that of the UK; generates GDP of around UK$1.2 trillion, over half that of the UK or the size of Korea and Australia and spans an district of 56 000 square kilometres. The Greater Bay district is thus a huge market in its own right.

         Brand recent mega transport infrastructure, including the Guangzhou-Shenzhen-Hong Kong Express Rail Link  and the Hong Kong-Zhuhai-Macao Bridge will significantly reduce travel time, prick costs, promote connectivity and boost the stream of capital, talents, goods, traffic and information in the region.

         Just final month, the Guangzhou-Shenzhen-Hong Kong Express rail came on stream. The "Vibrant Express", as the sophisticated trains are most fittingly named, links vibrant Hong Kong to the mainland's state-of-the-art express rail network covering more than 25 000 kilometres, including services to Guangzhou in 48 minutes and Beijing in less than nine hours.

    Meanwhile, the impressive Hong Kong-Zhuhai-Macao Bridge is expected to spring to life soon. It is the world's longest bridge-tunnel sea crossing, spanning 42 kilometres across the Pearl River Estuary linking Hong Kong with Zhuhai and Macao.    

         Meanwhile, construction drudgery of the third runway system is underway at Hong Kong International Airport at Chek Lap Kok. Their airport is the world's largest air cargo hub (handling 4.94 million tonnes of cargoes in 2017) and one of the busiest for passengers (handling 72.9 million in 2017).

    Once the Three-Runway System takes off in 2024, their airport will live able to handle altogether nine million tonnes of air cargo and over 100 million passengers annually.

         These mega infrastructure projects will further consolidate Hong Kong's pivotal role in the Greater Bay district for many years to come. In fact, the Greater Bay district is also a key link to the far-reaching Belt and Road Initiative, serving as a converging point for flows of trade, investment and talent between Mainland China, Southeast Asia and everyone the passage to Europe.

         The Belt and Road Initiative is a mammoth national strategy, promoting land, sea, energy, monetary and cultural links among more than 60 countries in Asia, Africa and Europe. These countries account for about 31 per cent of global GDP and 33 per cent of global merchandise trade.

         Since its inception in 2013, the Belt and Road Initiative has made headway under the watch of the world.

    More than 100 countries and international organisations believe joined in. By the first half of 2018, trade volume between Mainland China and Belt and Road countries exceeded US$600 billion, while their country's outward monetary investment amounted to over US$7 billion. Chinese firms believe built more than 80 overseas economic and trade co-operation zones, with a total investment of more than US$25 billion, creating over 244 000 jobs. 

         Hong Kong is destined to play an principal role in the development of the Belt and Road Initiative.

    As a highly open economy with extensive connections and international experience, Hong Kong is the freest market, allowing free stream of capital, goods, talent and information while keeping near ties with their Motherland.

         In December final year, they signed the "Arrangement between the National development and Reform Commission and the Government of the Hong Kong Special Administrative Region for Advancing Hong Kong's plenary Participation in and Contribution to the Belt and Road Initiative".  

         The Arrangement allows us to give plenary play to their unique advantages under "one country, two systems" to contribute to their country and, at the identical time, seize the opportunities brought by the Initiative to give recent impetus for their economic growth. The pertinent measures will serve reinforce and elevate Hong Kong's position as international financial, transport and trade centres, promote partnership between Mainland and Hong Kong enterprises, spawn the demand for Hong Kong's professional services and present their home-grown talents with promising prospects, thus enhancing the upward mobility of their younger generations. 

         Hong Kong enterprises and professionals are already participating in quite a number of projects in regions along the Belt and Road. Notable examples embrace the metro system in Saudi Arabia, airports in Cambodia and Sri Lanka, power plants in Thailand and Vietnam as well as a fritter management system in Bangladesh.

    This testifies to their professional and project management capabilities in delivering world-class professional services that are "Made in Hong Kong" across the globe.

         Ladies and gentlemen, the Chief Executive, Mrs Carrie Lam, just announced the second Policy Address of the current-term Government, which set out 244 recent initiatives and 470 on-going initiatives to propel Hong Kong forward. They will continue to achieve the roles as "facilitator" and "promoter" to proactively foster Hong Kong's long-term economic and gregarious development, provide more land for housing and future economic activities, reinforce Hong Kong's advantages by stepping up investment in education, as well as innovation and technology, scale up their established industries, help people's livelihood and promote property living. Their train is for the Government to associate hands with the whole community to strive ahead and build a future plenary of hope and opportunities.

         Before I conclude, let me construct a declaration- I am a bona fide "Made in Hong Kong" product.

    I am a third-generation Hong Kong Chinese born, brought up, reared and educated in Hong Kong. I joined the Hong Kong Government right after graduating from the University of Hong Kong in 1972, and believe served people of Hong Kong continuously for over 46 years so far with one heart, one mind and one purpose. Indeed, I am not only truly "Made in Hong Kong" but also "Made by Hong Kong", "Made of Hong Kong" and "Made for Hong Kong".

         On this philosophical and personal note, I wish the Conference every success and everyone of you a very rewarding discussion.

    Thank you very much. 

    Published on: 2018-10-13

    Limited copyright is granted for you to employ and/or republish any chronicle on this site for any legitimate media purpose as long as you reference 7thSpace and any source mentioned in the chronicle above. delight construct certain to read their disclaimer prior to contacting 7thSpace Interactive. To contact their editors, visit their online helpdesk. If you wish submit your own press release, click here.

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    Sybase [17 Certification Exam(s) ]
    Symantec [134 Certification Exam(s) ]
    Teacher-Certification [4 Certification Exam(s) ]
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    TIA [3 Certification Exam(s) ]
    Tibco [18 Certification Exam(s) ]
    Trainers [3 Certification Exam(s) ]
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    TruSecure [1 Certification Exam(s) ]
    USMLE [1 Certification Exam(s) ]
    VCE [6 Certification Exam(s) ]
    Veeam [2 Certification Exam(s) ]
    Veritas [33 Certification Exam(s) ]
    Vmware [58 Certification Exam(s) ]
    Wonderlic [2 Certification Exam(s) ]
    Worldatwork [2 Certification Exam(s) ]
    XML-Master [3 Certification Exam(s) ]
    Zend [6 Certification Exam(s) ]





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