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| EDITORIAL
CONTRIBUTIONS We welcome Hong Kong business-related contributed news and features from HKGCC member companies. If you would like to submit an article, please email the Bulletin >> |
From the Chairman
Inside Legco
From the CEO
Cover Story
Breaking Through
The
Special Features
HKGCC Legco
Representatives Through the Decades
"Beeping" Marvellous
O'Rear's View
The Price of Money
China Economic Update
CEPA II Brings
New Business Opportunities
Business
Trends
LCN: Making Nails
Healthier, Stronger & Prettier
Chamber Programmes
Dinner with Gary Locke, Governor of
The State of Washington
Mission to Japan
Calbee's Winning Formula: Freshness
Asian Capital
Chamber Mission to Xiamen
Chamber Programmes
Chamber
Happy Hour
Chamber in Action
October 2004 Issue
Breaking Through
The
More women are contributing to Hong Kong's economy today than at any point in the territory's history, yet in many fields, especially top management, men still rule.
Women continue to climb the corporate ladder in Hong Kong, with women now holding almost twice as many senior management positions as they did in 1994. Yet despite this progress, women occupy only 26 percent of such positions and 25 percent of government and advisory body jobs.
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"Beeping" Marvellous
As Octopus celebrates its seventh anniversary this year, the sky appears to
be the limit for the company's future growth as governments around the world look at how
they can import this technology
In 1997, a
strange little sound started to be heard across Hong Kong. It was the Octopus beep, or as
affectionately referred to by some, the "dood." Within three months of its
launch, 3 million Octopus cards had been sold. Today, over 11 million cards are in
circulation clocking up 96 transactions per second.
The Price of Money
What's a [select your currency of choice] worth these days? As in our calculations of the cost of oil, we need a reference point, and unlike petroleum, there is no clear marker. The European Monetary System (the predecessor to the euro) was attacked in 1992 and 1993, forcing two members to devalue. Several Latin American currencies collapsed after Mexico adjusted its exchange rate in late 1994. Most East Asian currencies fell sharply in 1997-98.
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CEPA II Brings
New Business Opportunities
Less than a year after the launch of CEPA, the Hong Kong SAR and Central governments agreed to further liberalise certain sectors under the arrangement. HKGCC has long been a champion of CEPA and besides pushing it forward, the Chamber collected members' views on what they would like to see included in CEPA II.
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Mission to Japan
The timing of HKGCC's visit to Japan to promote Hong Kong's positioning in the region could not have been better. The world's second biggest economy is expected to see an end to price deflation by the end of the year and that its long-standing economic problems have eased. As a result, the International Monetary Fund has forecast that Japan's gross domestic product will rise to 4.5% in 2004, topping a previous estimate of 3.4%.
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Asian
Capital
The good old days when hopeful start-ups used to queue at venture capitalists' doors to pitch their business ideas are long gone, a leading venture capitalist says. Competition within the industry in Asia is so tough in fact, that he predicts consolidation among existing key players is just around the corner.
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Chamber Mission to Xiamen
In her luncheon address, "Encourage cross-border investment and enhance cooperation for mutual benefits," Vice Premier Wu Yi said China is poised to grasp the opportunities arising from the accelerating world economy. She added that the "Introducing foreign direct investment" and "going global" strategies will soon be unveiled to help accelerate this trend. The Mainland also plans to raise the quality and volume of foreign investment, and encourage more Mainland enterprises to expand overseas.
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LCN: Making Nails Healthier, Stronger & Prettier
Orpheus Choy walked enthusiastically to the product showcase that I was admiring in his boardroom, displaying just about every conceivable product ever designed to make nails healthier, stronger, longer or prettier.
More >>
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