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October 2003 Issue
 Chamber in Beijing
Chinese officials urge Hong Kong businesses to explore the competitive advantages
that CEPA has created
China has
remained one of the few beacons of hope in the global economy over the last few years,
weathering both man-made and natural disasters remarkably well. From the economic fallout
following the terrorist attacks on the United States and the war in Iraq, to more recently
the SARS outbreak, China seems to be rewriting the rules on how best to run an economy.
More >>
 Richard
Parsons on T.L.C.
AOL
Time Warner's CEO shares his thoughts on how talent, law and competition drive businesses
and economies forward
In the United
States, T.L.C. is commonly taken to mean "tender loving care," which is not what
I have in mind. Anyone looking for tender loving care in the world of global business is
likely to be disappointed. No, as I'm using it here, T.L.C. stands for talent, law and
competition. Briefly, I want to consider the significance of each of these and the threat
they all face.
More >>
 Going Paperless
Preparing for the good times with efficient online trade transactions: The case
of TAL Apparel
Hong Kong's
incomparable reputation as a great trading city may have taken a knock in the present
recession, but as the saying goes: "When the going gets tough, the tough get
going," and despite the belt tightening, our pioneering spirit is still at work. More >>
 A Withering Trade Deal?
On September 10-14, thousands of government officials from 146 countries and
economies converged on the Mexican seaside resort of Cancun to hold the 5th WTO
Ministerial Conference. The five-day talks ended without conclusion. Dr
WK Chan was in Cancun and watched how the negotiations failed. More >>
 Taking the Venture
out of Capital
Venture capitalists have resurfaced with renewed optimism on the growing wave of
economic recovery after years of disillusionment. They are also much wiser for the wear to
the point of almost being too cautious when it comes to making investments. More >>
 The Ugly Half of the Year
Hong Kong's economy was in recession, if you didn't know
It should come
as no surprise that Hong Kong fell into recession in the first half of the year, nor that
the third quarter is likely to be sufficiently strong to pull us back out of the red once
again. More >>
 Domestic Vs
Foreign Investment
Before China's door-opening policy came into being, all investments in the
country came out of the government's coffers, which led to misallocation of resources and
wasted money on poorly executed projects. Fast-forward 20 years to today, and China is now
the world's largest recipient of foreign investment. More >>
 A Picture Paints
a Thousand Words
The launch of the Chamber's Digital Photo Library will relieve some of the
headaches companies can run into when producing promotional materials and newsletters
A picture paints a thousand words, and if
that picture happens to be a photo that you want to use in your company's literature, then
it can also cost a thousand dollars or more for the right to reproduce it. More >>
 WEC Charity Ball
Senses ... Smile Again
Five hundred guests turned out for the Chamber Women Executives Club (WEC)
charity ball in support of "Operation Smile China Medical Mission" on September
19. People from all walks of life graced the event with their presence to pledge their
support for the charity with the Guests of Honour for the evening The Hon Elsie Leung,
Secretary for Justice, HKSAR, and Dr William Magee, Co-founder and CEO of Operation Smile. More >>
 Mission to Xiamen
Officials are optimistic that CEPA will drive economic integration to allow
Mainland and Hong Kong businesses to complement each other's advantages
HKGCC China Committee Chairman David Lie
led a 42-member delegation to the 7th China International Fair for Investment and Trade on
September 7-9, the largest such business group attending the event. More >>
 Merging Innovation with
Business Savvy
Chamber visit to CUHK's IT fair turns up a number of potential business
opportunities
Whoever says Hong Kong is not innovative
obviously missed out on the Chamber's study mission on September 23 to the Innovation and
Technology Fair, organised by the Chinese University of Hong Kong's (CUHK) Faculty of
Engineering. More >>
 PBEC 2003
The 36th International General Meeting (IGM) of the Pacific Basin Economic
Council (PBEC), which was postponed from May to August, with SARS being the culprit, was
finally held in Seoul, Korea, on August 22-26. The theme of the meeting was,
"Managing Uncertainties: Challenges and Opportunities for Corporate Leadership." More >>
 Coudert Brothers at 150
Were it not for a
stroke of luck, Manhattan's Coudert Brothers law firm would not be celebrating its 150th
anniversary this year. In fact, there would be no Coudert Brothers. More >>
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