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Sarbanes-Oxley Act: What You Need to Know Now

The Business of Beauty


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Investment in Chongqing
Taking off


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                                         August 2004 Issue 

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Island Getaway

Everyone agrees that tourism development on Lantau Island offers great potential, but no one can agree on how this should be taken forward

As Tina Turner sings in the old "Simply the Best" TV commercial in the 1990s, Hong Kong has a hell of a lot going for it. Endless superlatives flashing on the screen for the entire track would raise even the most jaded of travellers' eyebrows.   More >>




Looking at the
Wider Market

After experiencing lots of tough challenges in recent years, many Hong Kong people are wondering where the future of this city lies, and how we should position ourselves in the face of growing competition from cities in the Pearl River Delta in particular, China as a whole and the Asian region in general.  Deeper inspection, however, reveals a silver lining so pessimism should not be the order of the day.  More >>



CEPA in Review

Mainland China and Hong Kong signed the Closer Economic Partnership Arrangement (CEPA) just over a year ago on June 29, 2003 -- a time when Hong Kong's economy was at its lowest level for decades. During the ensuing months, Hong Kong economy grew stronger. In this article, we will weigh CEPA's contribution to Hong Kong's economic growth, which will also provide a foundation on which phase II of CEPA consultations can be built upon.  More >>




Panning for Opportunities in the Pan-PRD Region

Chief Secretary Donald Tsang opened a joint-business community seminar on July 19 titled "Exploring the Pan-PRD Opportunities." He said the '9+2' partnership -- between Mainland provinces, Hong Kong and Macau -- has been working smoothly since it came into effect on June 3.  More >>



Northward Bound

Wong Kim-fai, a second-year student at the Chinese University of Hong Kong, says Mainland enterprises are increasingly providing more training to their employees, which means competition for jobs will be fiercer in the future. If young people from Hong Kong wish to pursue careers north of the border, then they need to better equip themselves with the necessary skills and knowledge that employers are looking for, he suggests.  More >>


Investment in
Chongqing Taking Off

Located on the banks of the mighty Yangtze River, Chongqing's role as the economic powerhouse of Western China is set to accelerate as the city of 8 million inhabitants continues to attract investors from around the globe.   More >>



The Business of Beauty

To be number one in the skincare business you have to be a little bit different, says Christian Courtin-Clarins, Chairman of Groupe Clarins. You also need to be a good listener and love what you do.   More >>



More>>

Shopping Spree

Retail sales are once again booming in Hong Kong, driven in no small measure by visitors north of the border

The retail sector has come back with a bang this year, following 2003's bout with SARS.  Sales in the first five months of the year expanded 13.2 percent, with tourist-related purchases such as jewellery and expensive watches leading the way. However, comparing 2004 to the atypical 2003 is misleading, as even a poor showing would register positive growth a year after the masks came off.   More >>

Sarbanes-Oxley Act:
What You Need to Know Now

On July 30, 2002, President George W. Bush signed the "Sarbanes-Oxley Act" (the Act) as a legislative response to the accounting and financial scandals of Enron and WorldCom. The Act is the most sweeping legislation affecting corporate governance, disclosure requirements and accounting and auditing since the establishment of the securities laws in the 1930s.  The implications for public companies, their directors, officers and stockholders, and the legal and accounting professions are extremely significant.   More >>




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more >>

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