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September 2003 Issue
 Giving Industrial Buildings New Life
For Chu Kap-ning, it is a case of water, water everywhere, but not a drop to
drink. Mr Chu wants to capitalize on Hong Kong's fecund educational resources and
"export" these overseas to attract foreign students to study here. The major
stumbling block, however, is the lack of space. But according to Mr Chu, this could be
more than amply addressed by refurbishing unused industrial blocks that have stood empty
since manufacturing industries relocated en masse to the Mainland. More >>
 Trade in Goods: Zero Tariff
The prospect of exporting goods to China tariff free sounds appealing, but
companies will need to dig deep into their entrepreneurial skills to mine the
opportunities
Starting
January 1, 2004, made-in-Hongkong goods falling under one of 273 product codes will be
able to enter the Mainland tariff free under the Closer Economic Partnership Arrangement,
or CEPA. The prospects of exporting goods to China tariff free has raised suggestions that
some producers of high-end products might consider relocating their factories to Hong Kong
to take advantage of the tariff savings. More >>
 Hong Kong -- Still a Fantastic Place for Business
Hong Kong's headlines in the past month or so have more to do with politics than
usual, and less to do with business than one might expect. The casual observer might
wonder if this Special Administrative Region (SAR) of China would survive the turmoil. The
answer, I believe, is a resounding "yes." More >>
 Chamber Visits
Modern Terminals
In 2000, Hong Kong broke the world record by unloading 336 TEUs (twenty-foot
equivalent units) off a ship in just one hour -- a record that stands to this day. Last
year, the port handled 19 million TEUs (twenty-foot equivalent units), making it once
again the world's busiest container port. This year the port is expected to break through
the 20 million mark.. More >>
 Property Market
Gains Momentum
The Hong Kong
property market is expected to gather momentum in the second half of 2003 as SARS and the
war in Iraq are now (hopefully) well in the past, and the economy (fingers crossed) shows
real signs of recovery. More >>
 A Second
Plaza Accord?
The U.S. is threatening to export its economic woes at the risk of repeating the
horrific policy failure of 1985
The U.S.
economy is facing enormous imbalances, and there is a rising sense that China's renminbi
will be the scapegoat. Two years after recession, real GDP growth is less than half of the
rate seen in previous post-war slumps. More >>
 RMB, Export Tax Rebates Under Pressure
China's rising trade surplus and rivers of
foreign direct investment flowing into the country have led calls for the Central
Government to revalue the renminbi. Governor of the People's Bank of China Zhou Xiaochuan
has reiterated that the value of the renminbi will remain unchanged, as has Chinese
Premier Wen Jiabao, who said in early August that there was no need to do so. More >>
 Unleashing
Organisational Intelligence
Creativity and innovation are fuelled by the intelligence of people who have the
freedom and right to express their ideas
How can we
liberate the creativity and intelligence of every employee? How can we integrate their
individual ideas, inspiration, and analysis into rapid decisions and actions and
co-ordinate them to create value for customers? How can we build organisational
intelligence?
More >>
 Out of Stock
Out of stock (OOS) is a common phenomena in the fast moving consumer goods (FMCG)
market. A study conducted by the National Association of Convenience Stores in the U.S.
showed that consumers would typically stop shopping at a certain store after encountering
the "out-of-stock problem" for an average of 2.4 times. More >>
 2003 Hong Kong
Eco-Business Awards Launched
Now in its fifth year, the awards reflects growing awareness of the benefits of
environmentally sound business practices
Companies are
increasingly coming to realize that adopting good practices in environmental protection
can also make good business sense. More >>
 Caltex Oil Hong Kong
Helping improve air quality for a better quality of life
Traffic and air pollution seem to go
hand in hand, or for pedestrians hand over mouth. But for Caltex, air pollution is a
battle that needs to be won. More
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