Hong Kong General Chamber of Commerce Hong Kong General Chamber of Commerce
Click here to login e-Club  Click here to visit our Chinese frontpage

Advertise
In the Bulletin

From the Chairman

Legco Report

From the Director

Cover Story
Beating heart disease

Special Feature  Working out in style

i-Perkin 
SAR trade slows as Mainland grows

Business
Promising first year for JBLC

Member Profile

Chamber Programmes
Mission to Henan and Anhui

Strength of success

Big industries' big pollution solutions

SME Night: Government procurement

Chamber in Action




ARCHIVES

2009 Issues
2008 Issues
2007 Issues
2006 Issues
2005 Issues
2004 Issues
2003 Issues
2002 Issues
2001 Issues
2000 Issues
1999 Issues

Search for

 
Advanced Search



SUBSCRIBE TO THE BULLETIN TODAY!

CHAMBER IN ACTION                                                    May  2002 Issue


theBulletin.gif (2057 bytes)


China

Chamber Director Dr Eden Woon represented the Chamber at the Hebei (Hong Kong) Investment & Trade Fair 2002, which was held in Hong Kong on March 20-23. The Chamber is planning to organise a study mission to Hebei sometime next year.

ciawangrongbing.jpg (24319 bytes)Wang Rongbing, deputy governor, Jiangsu Province, led a delegation to visit the Chamber on March 27 and was met by Chamber China Committee Chairman Stanley Hui. During the meeting, delegates discussed Jiangsu Province's Investment & Trade Fair, which will be held in Hong Kong in June, and Mr Hui pledged that as a co-organiser of the fair, the Chamber would put its full support behind the event.

Wang Guoyao, deputy secretary-general of Hubei Province, called on the Chamber on April 8 to discuss preparation work for the Hubei & Hong Kong Economic cooperation Conference, of which the Chamber is a co-organiser. The conference will be held in Hong Kong on May 8.

ciathomaslee.jpg (24201 bytes)Thomas Lee (left) and PY Ng, respective partner and senior manager of the Tax & Trust Advisory Department of Moores Rowland, spoke at the Chamber's April 15 roundtable luncheon entitled, "Transfer Pricing in China." The speakers explained the details of "Guoshuifa No. 59," a comprehensive PRC tax circular enforcing strict control over transfer pricing issues between related parties. 
Listen >>
Slide Presentation >>


Asia/Africa

ciapaulkam.jpg (22293 bytes)Paul Kam, head of Treasury Sales Department, Bank of Tokyo-Mitsubishi, spoke at the Chamber's March 18 round-table luncheon on "The Outlook of the Japanese Economy and Yen Exchange Rate." Mr Kam briefed members on the Japanese economy, its weak currency and the impact on the Asian region from a Japanese banker's point of view.
Listen >>
Slide Presentation >>

Sir Gil Simpson, CEO of Aoraki Corporation Ltd, from New Zealand, met Chamber Assistant Director Dr YS Cheung and e-Committee members at the Chamber on March 26. During the meeting, opportunities for cooperation in the area of information technology between Hong Kong and New Zealand were discussed.

Europe

A 17-member Swedish business delegation visited the Chamber for a business-matching meeting with members on March 19. Eva Chow, chief of International Business, welcomed the delegates and briefed them on the role of the Chamber. Members then discussed with the visitors possible business cooperation opportunities.

State Secretary of the Danish Ministry of Foreign Affairs Ambassador Birger Riis-Jorgensen, and Danish Trade Council Head Linda Jakobsen, Danish Ministry of Foreign Affairs, together with Danish Consul General in Hong Kong Jens Peder Jensen, visited the Chamber on April 12. David Rimmer, chairman of the Chamber_s Europe Committee, and Eva Chow, chief, International Business, received the guests and updated them on China_s WTO accession and its implications for business in the HKSAR. The Mainland / Hong Kong Closer Economic Partnership Arrangement (CEPA) was also discussed.

Americas

ciarobertkapp.jpg (21932 bytes)Dr Robert A Kapp, president, US-China Business Council, spoke on the development of US-China business relations after US President Bush's visit to China and its implications at the Chamber's March 22 roundtable luncheon. Dr Kapp also discussed the growing significance of the Chinese market in the U.S. with China's accession to the WTO.
Listen >>

Patience Singleton, Majority Counsel, Senate Committee on Banking, led a seven-member delegation from the US-Asia Institute 49th Congress to the Chamber on April 4. Chamber Director Dr Eden Woon met with the delegates. The group had just visited Shanghai prior to their Hong Kong trip, which was sponsored by the Better Hong Kong Foundation.

The Americas Committee organised a joint-committee boat trip on April 12 to Lamma Island for a casual networking evening over a big seafood dinner. Members who attended included: Hungarian Consul General Laszlo Vizi, Europe Committee Chairman David Rimmer, and Americas Committee Vice-Chairman Steve Wong. A special thanks must go to the Chamber's Chairman Christopher Cheng for making the evening possible by generously giving members use of his boat.

PBEC

ciapbec.jpg (28048 bytes)CLP and MTR, the two PBEC Hong Kong nominees of the 4th PBEC Environmental Award, were invited to a PBEC breakfast meeting on March 27 to talk about their projects nominated for the award. Representing CLP were Edward Kwong, Shared Services manager, and K M Yung, manager - Engineering Projects. MTR was represented by Russell Black, Project director and Dr Glenn Frommer, Environmental manager. The meeting was chaired by Chairman of PBEC Hong Kong David Eldon. In addition to PBEC Hong Kong members, members of the Chamber's Environment Committee were also invited to attend.

Environment

James Graham was elected Vice Chairman of the Chamber's Environment Committee during its meeting on March 27. Following the meeting, committee members listened to Donald Tong of the Environment and Food Bureau, talk about integrated waste treatment facilities.

Small and Medium Enterprises

SME Committee Chairman KK Yeung and leaders of the seven "SME industry groups" called on Trade and Industry Director General Joshua Law on April 12 to explain some of the problems SMEs are facing in Hong Kong. On April 15, the Chamber sent a letter to the Hong Kong Society of Accountants suggesting that a simplified accounting standard be developed for SMEs.

HKCSI

The Real Estate Services Committee met with Ava Ng of the Planning Department on March 20 to discuss the subject of Hong Kong residents purchasing properties in the Mainland.

Michael Stone of the Information Technology and Broadcasting Bureau introduced the progress that the "e-government" project was making to HKCSI Information Services Committee members during their April 9 meeting. On 15 April some members of the committee met with John Lipp to discuss 3G community services.

Hu Jingyan launches Chamber's CBS

ciabox1a.jpg (34497 bytes)Hu Jingyan, director-general of the Foreign Investment Department of MOFTEC, launched the Chamber's China Business Speakers' Series (CBS) at a luncheon on March 26. The series is planned to become a regular event at which working level officials from China will be invited to brief ciabox1b.jpg (30579 bytes)members on China-related topics.

At the private luncheon, Mr Hu explained in great detail the new developments affecting foreign investment policies now that China is in the WTO, and provided practical answers to questions raised by members. He also visited the Chamber the following day to meet with Stanley Ko, chairman of the Hong Kong Coalition of Service Industries. Mr Hu said China can learn from Hong Kong's experiences in developing its service industries and he strongly encouraged cooperation between Hong Kong and China's service industries.

¡@

Mainland logistics bubble looms

ciadingjunfa.jpg (22896 bytes)Ding Junfa, vice executive chairman of the China Federation of Logistics & Purchasing, told members at the Chamber's March 26 roundtable luncheon that he hopes the Central Government will devise an integrated plan to develop the Mainland's logistics industry and avoid any overlapping of investments.

Mr Ding said Beijing is trying to prevent the logistics sector from ballooning into a bubble, similar to that of the dot-com bubble, which is being created through rapid investment in the sector.

The State Planning and Development Commission and other Mainland authorities were in the process of drafting a framework to regulate the sector's growth to stop it running off the rails.

Part of the problem is that many Mainland cities are now rushing to develop a logistics industry without really understanding what is involved. A shortage of trained personnel is also forcing them to import overseas talent, which is driving their costs up, he said.

But he pointed out that it is not just big investments that are running the risk of creating an over supply of services, many companies are using their own purchasing departments as logistics departments which could add to the oversupply of services, he said.

Listen >>
(In Mandarin)

About HKGCC | Member Services | Join Us | Contact Us | Advertising | Jobs
The Chamber's Privacy Policy Statement
Copyright © 1998-2009 The Hong Kong General Chamber of Commerce. All Rights Reserved.