e-CFO Conference 2000

1. e-CFO Conference 2000 Presentation by Mr Alan Siu Deputy Secretary for Information Technology and Broadcasting

2. Internet Revolution • Changing the world of business • E-commerce to account for over 8% of the world’s sales in goods and services in 2004 • Companies need to change their business model to compete in the new economy

3. Potential of E-commerce in HK Value of e-Commerce revenue * 2000 US$1.9 billion 2002 US$12.2 billion 2004 US$69.6 billion * Source: Forrester Research H.K. • Hong Kong ranked 9th in the world with the greatest potential to develop e-commerce 3

4. Telecom Infrastructure • Broadband covers all commercial buildings and 90% of households • External connectivity to expand by ten-fold over the next 3 years • Mobile penetration rate at 64%, up from 49% a year earlier

5. Electronic Transactions Ordinance • To provide a clear legal framework for the conduct of electronic transactions • To give electronic records and digital signatures the same legal status as that of their paper-based counterparts • To establish a legal framework for the provision of quality certification authority services in Hong Kong 5

6. Public Key Infrastructure (PKI) To ensure safety and security of electronic transactions Digital Signature Verification Public Key Private Key Encryption Decryption Authenticity Non-repudiation Integrity Confidentiality

7. Information Infrastructure of ESD Possible Access Means Certification Authority Content Provider Personal Computers via the Internet ESD Service Provider Public Information Kiosk -Government departments -Public agencies -Businesses Financial Services Provider Other Electronic Devices 7

8. Electronic Tendering System (ETS)

12. Thank you