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In the Bulletin
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January 2002 Issue

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Economic recovery around the corner
There are already signs that
the economic slump has hit bottom, so Hong Kong businesses should not be too pessimistic
about their prospects and start planning for the future, says Chamber chairman |
The unfolding of world events in 2001 has created much uncertainty
among economists and the business community about the immediate prospects for the Hong
Kong SAR, HKGCC Chairman Christopher Cheng told the audience at the Chamber's 8th Annual
Hong Kong Business Summit, held at HKCEC on December 13, 2001. More >>
Government, business toiling to ensure HKSAR's
future
Financial Secretary Antony Leung told the business summit audience
that he believes the opening up of the Mainland¡¦s service sectors, such as trading and logistics,
retail, distribution, telecommunications, finance, professional services, and travel and
tourism, will provide ample business opportunities for Hong Kong. More >>
Competition to speed up reform of Mainland's SOEs
China's
economic reforms over the last 15 years have created a more open economy than is generally
acknowledged, China Merchants Holdings Co Ltd President Dr Fu Yuning said. More >>
SAR is a global player, not merely a China
middleman
Hong Kong business should not become preoccupied with trying to
keep one step ahead of China. It needs to figure out how it can stay two or three steps
ahead of rapid advancements in the Mainland, Hong Kong Beijing Air Catering Ltd Managing
Director Annie Wu said in her speech at the business summit. More >>
WTO heaven, or WTO hell?
Foreign businesses traversing the road to the "big-win"
in China will first have to negotiate a number of minefields. Those that strategize and
plot their course carefully, instead of just looking at arriving there, will be the ones
that succeed, Dr Denis Simon, president, Monitor Group (China), told the business summit
audience. More
>>
SAR to suffer short, sharp recession, but will
recover in mid-2002
HKGCC
expects the local economy to grow by about 2 per cent in 2002 after experiencing zero or
slightly negative growth in the current year. More >>
WTO challenges to boost
Hong Kong SAR's edge
To understand what will happen to Hong Kong with China in the
WTO, we need to look back in history, Li & Fung (Trading) Ltd Group Managing Director
Dr William Fung told the audience in his keynote luncheon address at the business
summit. More
>>
SMEs uptake of IT slows
The
majority of small- and medium-sized enterprises (SMEs) have yet to commit themselves to
embracing technology as a business tool, despite the oft-touted benefits of information
technology (IT). More
>>
China-Hong Kong Free Trade Agreement
China is finally an official member of the World Trade
Organisation (WTO). Now that the Hong Kong SAR Government has proposed to the Central
Government the idea of a Hong Kong-Macau-China Free Trade Agreement, and given the
positive reaction from the Central Government, we should concentrate on what this
agreement could look like. More >>
Face to Face with
David Ting
On January 1, 2002, exactly three years after the
launch of Europe's single currency, euro notes and coins finally came into circulation. Twelve of the 15 European Union (EU)
members have joined the single currency, and internal borders have been abolished in nine
countries to further streamline the flow of goods and services. Bulletin Editor
Malcolm Ainsworth spoke with David Ting, head of the EU's office in Hong Kong, about the
implications of the single currency on Hong Kong businesses. Following are extracts from
that interview. More >>
Deacons
Few
companies can claim to have such a long and prestigious history as Hong Kong law firm
Deacons. The firm's founder, William Bridges, arrived in Hong Kong in 1851, just nine years
after Hong Kong Island was ceded to Britain under the Treaty of Nanking. More >>
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