HK asserts as fashion hub of Asia

17 Jan '06

3 min read

Hong Kong Special Administrative Region announces that ever since Paul Poiret, the greatest couturier of the 20th century, staged the first fashion show in Paris in the early 1900s, fashion shows and trade fairs have become important occasions where fashion designers and buyers get together for business, market intelligence and inspiration.

Large-scale trade shows have since then been organised by, and in, all major fashion centres of the world, and become the hallmark of an international fashion centre.

Hong Kong is no exception. First fashions show dates back to in large scale in stature as Hong Kong develops into a regional textiles and garment centre.

The textile and garment industry has been contributing significantly to the economy of Hong Kong. This sector employed about 43,000 people in 2004 with aggregate value of domestic exports amounting to $69 billion, or 55 percent of total domestic exports.

Hong Kong is not only one of the world's largest exporters of clothing and clothing accessories, but also the fashion hub of Asia. Over the past few decades, Hong Kong has evolved from a low-cost apparel supplier into a renowned production, sourcing and servicing centre of quality garments and high-end fashion.

This transformation reflects the great strides that Hong Kong's fashion industry has made - from simple OEM, or Original Equipment Manufacturer, to ODM, Original Design Manufacturer, and now on the road to OBM - OriginalBrand Manufacturer.

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