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FROM THE CEO                                                 September 2003 Issue


theBulletin.gif (2057 bytes)


director.jpg (20117 bytes)A Busier Autumn than Ever
for the Chamber

From the middle of March until the middle of June this year, SARS forced the postponement of many Chamber events that involved either outside speakers or attendees, or trips, or large gatherings, which were not appropriate at that time.

Many of them were pushed to this fall, and in addition to normally scheduled fall Chamber events and the signing of CEPA, the last four months of 2003 are the busiest in recent Chamber memory. Let me just preview some of the highlights for you so that you can make plans to participate:

Conferences

The annual venture capital conference that we do with the Hong Kong Venture Capital Association, this year on September 22, is the only such conference here aimed for the users -- SMEs and CEOs who need funding -- of venture capital. On October 17 we have the second Pearl River Delta conference that we do with the SCMP. With CEPA creating a new business thinking, with SARS fresh on people's minds, with Central, Guangdong, and Hong Kong governments all acting with renewed energy, there is a new relationship within the Pearl River Delta which will be examined by this conference. On December 10, we have our annual Business Summit -- the tenth anniversary this year -- which will examine 2004 in the context of the first year of CEPA implementation.

Missions

On September 1-2, we had our annual high level Beijing mission -- postponed from June -- led by our Chairman, where we had a chance to exchange views with the new leadership in Beijing and discuss still-unclear questions about CEPA. Then a large Chamber delegation went to Xiamen on September 7-9 to attend the China National Investment Fair, again to talk to provinces and cities which are keenly interested in CEPA's new opportunities of co-operation with Hong Kong. At the end of September, the Chamber will send a delegation to France, Spain, and Portugal to educate them about our post-SARS economic revival and about CEPA. On October 22-24 the Chamber will organise a delegation to Beijing to participate in the annual Beijing-Hong Kong co-operation forum, and in mid-November there will be a similar visit to Shanghai. Then, in early December, there will be a mission to Hebei and Tianjin.

Roundtables and Seminars

There will be numerous roundtables on timely subjects of interest to our members throughout the fall, but CEPA will dominate. We will finish up the CEPA sectoral analysis workshops we started in July. And when more CEPA details come out, we will provide more in-depth analysis to members who want to start taking advantage of CEPA as soon as it becomes effective on January 1, 2004.

The Chamber, who raised the idea of CEPA almost four years ago, continues to be at the forefront of lobbying and education on CEPA, and our members may be able to benefit immensely from CEPA if they understand the provisions correctly. And we are trying to provide that understanding through these workshops. We also expect many foreign and Mainland delegations will come here to meet with members on CEPA opportunities. Speaking of CEPA, look for a major CEPA comprehensive report to be published by the Chamber in the fall to help members understand how to take advantage of CEPA. And our China team will continue, as it has since early July, to answer members who call in with questions on CEPA.

Distinguished Speakers Series

This popular Chamber series, inaugurated in 2001, resumed this fall with the Chairman of AOL Time Warner Inc., Richard Parsons, speaking to us on September 2. The Honourable Henry Tang, Financial Secretary, Hong Kong SAR, will speak to us on October 17 in conjunction with the Pearl River Delta Conference, and U.S. Ambassador to China the Honourable Clark Randt will speak to us on November 11.

And of course, all of the above are in addition to our usual luncheons, committee meetings, economic analysis and forecasts, and lobbying efforts with the media and government. Since some political issues may also impact the business environment, we will be keeping a close eye on those developments also this fall for our members. All in all, this fall, as our staff works at a frantic pace to provide all these services and events for our members, we hope you will take advantage of them.

Eden Woon
CEO
HKGCC


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