It was great to be able to restart the annual joint networking luncheon on 4 October between HKGCC and the Hong Kong Japanese Chamber of Commerce & Industry (HKJCCI) with board members of both chambers as well as committee members. 

Host Takeshi Iida, President of HKJCCI, welcomed guests, together with Japanese Acting Consul General Shigehiro Nishiumi, and HKGCC Chairman Betty Yuen, before handing the floor to Petrina Tam, Convenor of HKGCC’s Greater Bay Area Working Group.

Tam provided an insightful update on business and investment trends in the Mainland and the GBA. In PwC’s Annual Global CEO Survey China Report, 71% of respondents said they were not looking to move production or sourcing out of China, while 12% said it was being considered, but there were no targets. A key attraction about the China market was the huge and growing affluent domestic market.