HKT attends AmCham HK 2018 China Conference2018-09-12 -Hong Kong -AmCham HK 2018 China Conference
Around 320 middle and senior-level representatives from multinational corporations and institutions, as well as expert and academic representatives also attended the conference, where they discussed best business practices in China. As a leading telecommunications service provider in Hong Kong, HKT shared experiences and insights with expert representatives from CNN International, the Economist Group and JPMorgan Chase at the panel debate “China as a Global Trailblazer in the Digital Economy”.
(Four expert representatives engage in an active discussion during the panel debate: (from left) Mr. Rob Koepp, The Economist Group; Ms. Jing Ulrich, JPMorgan Chase; Mr. Larry Wong, HKT and Ms. Kristie Lu Stout, CNN International)According to statistics from China Customs, the total trade volume between China and the U.S. in 2017 amounted to RMB3.95 trillion, a year-on-year increase of 15.2%, accounting for 14.2% of China’s total imports and exports. Exports to the U.S. amounted to RMB2.91 trillion, representing an increase of 14.5%. While imports from the U.S. stood at RMB1.04 trillion, representing an increase of 17.3%, a true testimony to a long and lasting Sino-U.S. trade partnership. As pointed out in the Report on World Internet Development 2017, the explosive growth of the global mobile internet is coming to an end. Internet development is now moving from “person-to-person connections” to the “connection of all things”.
According to a report, the U.S. ranks first with a score of 57.66 in the Global Internet Development Index, followed by China with a score of 41.8. While the U.S. remains the largest digital economy in the world at US$11 trillion, China is the world’s largest e-commerce market, accounting for 40% of world trade volume. China is also the global leader in mobile payments, with 11 times the U.S. transaction value. China and the U.S. have become the 2 largest engines driing the development of the global digital economy.
During the panel debate, Mr. Larry Wong, Head of China Commercial & CPE Business, Commercial Group at HKT, delivered a detailed analysis of China’s latest developments in driving the global digital economy, as well as the challenges and opportunities.
Using digitised knowledge and information as the key factors of production, with the innovation of digital technology as its core driver and the internet as an important medium, the digital economy refers to a new range of economic activities that continuously drive traditional industries towards higher levels of digitalisation and smartization through a deep integration of the digital economy and the real economy. It is self evident that a stable network plays a vital role in the era of digital economy.
During the conference, Mr. Larry Wong also introduced how HKT, as a leading player in Hong Kong offering quadruple-play platforms, uses this advantage to provide one-stop ICT services in the Greater China region by integrating its experience in directing quality telecommunications services and projects, utilizing its sizable yet mature network resources worldwide, as well as engaging professional and recognised experts in communication.
In a digital transformation that requires less time, manpower and fewer resources, multinational corporations and mainland enterprises going global are now able to manage their IT business in a flexible and efficient manner, while enhancing their own value. Mr. Larry Wong said “Our network covers about 200 cities in the Greater China region and more than 150 countries and regions around the world. Not only is our network optimization region-specific, we also provide a comprehensive range of network deployment services while designing highly flexible solutions to cater to the needs of enterprises operating in different sectors.”
(Business thought leaders and academic representatives from Chinese and overseas enterprises and institutions at the conference)
(HKT sets up a booth in the venue to promote its latest products and services to attendees)