Hong Kong's small companies and start-ups are encouraged to participate in a business award unveiled on Tuesday by the .
Entering their second year, the Enterprising Hong Kong Awards, sponsored by DHL Express Hong Kong, will recognise the outstanding achievements of small and medium-sized enterprises and start-ups in the city.
Speaking at a lunch meeting in Wan Chai, Elsie Cheung, SCMP Group's chief operating officer, said the awards would cultivate the culture of recognising the city's small companies and start-ups for their remarkable achievements while maintaining sound corporate governance.
Raymond Yip, a deputy executive director of the Hong Kong Trade Development Council, said the is one of Hong Kong's most trusted sources of information for foreigners looking for independent and professional news coverage.
"The awards mean a lot to the small and medium-sized enterprises, especially since they are being given by a well-respected news organisation," said Yip.
Hong Kong categorises SMEs as manufacturers with fewer than 100 staff members and services firms with fewer than 50 employees. Most of those enterprises in the city are in the import-export, wholesale and retailing businesses.
