
From the Chairman
Inside Legco
From the CEO
Cover Story
Renminbi Welcome
Special Features
Constitutional Development: Let's Get the Process Right
FDI in China to
Continue Unabated
Mapping Out
a Maiden Budget
Lovely Giant Panda Party
Leaving on a (Private)
Jet Plane
O'Rear's View
What a Year
China Economic Update
Duplication of Investment Projects in Mainland a Growing Problem
Business
Trends
CEPA Q&A
Chamber Programmes
What a Load of
Rubbish
Chamber Programmes
Chairman
Cocktail
Cheers Europe
Chamber in Action
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April 2004 Issue

Renminbi Welcome
Hopes are high that the Mainland will
expand the scope of renminbi services that Hong Kong banks can now offer
When
the then Governor of the People's Bank of China Dai Xianglong told the audience at a Chamber event in
February 2002 that as the renminbi was widely accepted in Hong Kong, China might as well
allow Hong Kong banks to offer yuan services, he caught guests by surprise. People were
unsure if he was just being witty, or if he really did mean it. More >>
Constitutional Development:
Let's Get the Process Right
To many, the inability of the Hong Kong
government to tackle effectively major issues such as the budget deficit can be traced
largely to the awkward political system. Putting it bluntly, it is not functioning well
and cannot cope with the challenges of the future. This is why more than 75 per cent of
those who responded to a Hong Kong General Chamber of Commerce survey last autumn said
they wanted consultations on political reform to start sooner rather than later. More
>>
Mapping
Out a Maiden
Budget
Henry Tang's budget address contained few surprises.
Financial
Secretary Henry Tang's budget for
2004-05 to 2008-09 contained little to anger or thrill Hong Kong: no unexpected tax hikes,
no substantial concessions and only generalisations regarding broadening the tax base and
dealing with the deficit. More >>
Lovely Giant Panda Party
Easter
holidays will not be just eggs and bunnies this year. Ocean Park and Hong Kong Society for
Panda Conservation (HKSPC) this month announced massive celebrations for the fifth
anniversary of the giant pandas -- An An and Jia Jia -- in Hong Kong, with the launch of
the "Lovely Giant Panda Party" in April. More >>
Leaving on a (Private)
Jet Plane
A s revolutions go, the business travel sector
has undergone some dramatic changes since entering the new millennium. Executive travel
habits were profoundly reshaped with the occurrence of such events as the September 11th
attacks, SARS and the U.S.-led
invasion of Iraq. More
>>
What a Year
Hong
Kong's economy
grew 3.5 percent in real terms in 2003, but even though the headline number looks quite
normal at first glance, the year was clearly atypical. The first, third and fourth
quarters all showed solid growth year-on-year, but the "SARS
quarter" threw a spanner in the works for several months. More >>
Duplication
of Investment Projects in Mainland a
Growing Problem
Redundant or overlapping investment projects
are rare in Hong Kong, but such problems are commonplace in the Mainland, where limited
transparency and a developing market economy are driving wanton competition, and wasting
valuable resources and funds. More >>
What a Load of Rubbish
Hong Kong produces over 6.5 million
tonnes of waste every year. To find out what happens to all this refuse between the bin
wagon and the landfill, the Chamber visited Island West Refuse Transfer Station to see how
it is processed. More >>
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