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A local guide for UK companies who wish to do business in Hong Kong. Discover the latest market trends, trade events, press release and business opportunities from Hong Kong and China.

Regional Website: United Kingdom


Hong Kong Spotlight

HK-UK Business Partnership

Stylishly Designed in Hong Kong        

Three Hong Kong designers bridged the divide from Asia to the Nordic region, where they unveiled their autumn/winter 2015 collections at January’s Copenhagen Fashion Week. It was the first time that Hong Kong designers had shown at the prestigious event, said to be the biggest fashion showcase in the region. 

The Hong Kong Trade Development Council (HKTDC) organised a group show in Copenhagen where Hong Kong designers Doris Kath Chan, Seth Yeung and Koyo William Cheung displayed their brands at the City Hall. Seats were filled, with 380 buyers, bloggers and media attending the event. The trio were the only Asian designers to show in Copenhagen.

 

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According to a World Bank study published in April, Hong Kong ranks fourth in the world on a global ranking of material well-being. The study measures all expenditures in the economy that directly benefit individuals – rather than using GDP per capita. By this measure, the five economies with the highest individual consumption, per capita, are: Bermuda, the United States, the Cayman Islands, Hong Kong and Luxembourg.  

Letizia Garcia Casalino, Director, International Accounts, Hong Kong Sotheby’s International Realty, said Hong Kong is considered a prime destination for any professional, whether a CEO, young professional or entrepreneur. “The vibe that Hong Kong offers is unique, and people who want to move here usually know it,” said Ms Casalino, who is Italian. “Hong Kong opens a lot of doors, and that is also why it’s a favourite destination for a lot of people with different objectives.” 

- See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09Y7ZG&DATASOURCE=hkti#sthash.hY6HlSgF.dpuf

Peter Levesque is Chairman of the American Chamber of Commerce in Hong Kong (AmCham), and Chief Commercial Officer of Modern Terminals Ltd. He has more than 25 years of international transportation and logistics experience and has been working in the Asia-Pacific region since 1996. In Six Questions, Mr Levesque explains why the Chinese mainland remains a promising market for foreign companies.  

Why is it no longer business as usual in China?
After 30 years of remarkable growth, China’s economy is maturing. This is creating new business opportunities and markets for international corporations, but it’s also driving many international business leaders to re-calculate their long- and short-term China strategy. 

Business leaders are evaluating opportunities around China’s growing middle class, as well as its aging population. Executives are also keeping a close eye on market reform opportunities that may result from the testing being done inside Shanghai’s pilot Free Trade Zone. In such a rapidly changing environment, it is critical that businesses executives dealing in China be able to identify and exploit new opportunities early to ensure their future competitiveness and to drive profitable growth.       

- See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09YE0U&DATASOURCE=hkti#sthash.Ozi6gbUA.dpuf

According to a World Bank study published in April, Hong Kong ranks fourth in the world on a global ranking of material well-being. The study measures all expenditures in the economy that directly benefit individuals – rather than using GDP per capita. By this measure, the five economies with the highest individual consumption, per capita, are: Bermuda, the United States, the Cayman Islands, Hong Kong and Luxembourg.  

Letizia Garcia Casalino, Director, International Accounts, Hong Kong Sotheby’s International Realty, said Hong Kong is considered a prime destination for any professional, whether a CEO, young professional or entrepreneur. “The vibe that Hong Kong offers is unique, and people who want to move here usually know it,” said Ms Casalino, who is Italian. “Hong Kong opens a lot of doors, and that is also why it’s a favourite destination for a lot of people with different objectives.” 

- See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09Y7ZG&DATASOURCE=hkti#sthash.CdAZMRjR.dpuf

According to a World Bank study published in April, Hong Kong ranks fourth in the world on a global ranking of material well-being. The study measures all expenditures in the economy that directly benefit individuals – rather than using GDP per capita. By this measure, the five economies with the highest individual consumption, per capita, are: Bermuda, the United States, the Cayman Islands, Hong Kong and Luxembourg.  

Letizia Garcia Casalino, Director, International Accounts, Hong Kong Sotheby’s International Realty, said Hong Kong is considered a prime destination for any professional, whether a CEO, young professional or entrepreneur. “The vibe that Hong Kong offers is unique, and people who want to move here usually know it,” said Ms Casalino, who is Italian. “Hong Kong opens a lot of doors, and that is also why it’s a favourite destination for a lot of people with different objectives.” 

- See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09Y7ZG&DATASOURCE=hkti#sthash.CdAZMRjR.dpuf

The insurance industry has undergone major changes in the past decade. But recent developments in Asia, including the growth of high-net-worth consumers, make the region a market with strong potential. Results in Hong Kong bear this out.

Profitable Year

Hong Kong's insurance sector last year grew 13.9 per cent, year-on-year, as companies sold or re-issued premiums valued at US$37.5 billion. Revenue from established policies contributed US$31.9 billion to insurance company coffers, a 15.2 per cent increase on 2012, according to provisional statistics released by the Office of the Commissioner of Insurance.

Life and annuity revenue increased 18.4 per cent, to US$22.2 billion, for non-linked business, and by 9.5 per cent, to US$7.03 billion, for linked business. Contributions of retirement scheme business grew by 2.1 per cent to US$2.19 billion.  

For the 155 insurers authorised in Hong Kong at the end of 2013, the news is generally good.

Strong sales in Hong Kong have contributed to a record quarter for the AIA Group Ltd, a Hong Kong-headquartered, pan-Asia insurance group. For the quarter ending 28 February, AIA recorded 22 per cent growth in the value of new business, which was a “very positive start to the year,” said Mark Tucker, AIA’s Group Chief Executive and President.

 

 
  Mark Tucker, Chief Executive and President of AIA Group Ltd, talks about why Hong Kong is the perfect base for his company
“Excellent growth” in Hong Kong was a highlight of the quarter, while the Chinese mainland was the group’s strongest performing business overall. - See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09XMRF&DATASOURCE=hkti#sthash.90OWPzzJ.dpuf

The insurance industry has undergone major changes in the past decade. But recent developments in Asia, including the growth of high-net-worth consumers, make the region a market with strong potential. Results in Hong Kong bear this out.

Profitable Year

Hong Kong's insurance sector last year grew 13.9 per cent, year-on-year, as companies sold or re-issued premiums valued at US$37.5 billion. Revenue from established policies contributed US$31.9 billion to insurance company coffers, a 15.2 per cent increase on 2012, according to provisional statistics released by the Office of the Commissioner of Insurance.

Life and annuity revenue increased 18.4 per cent, to US$22.2 billion, for non-linked business, and by 9.5 per cent, to US$7.03 billion, for linked business. Contributions of retirement scheme business grew by 2.1 per cent to US$2.19 billion.  

For the 155 insurers authorised in Hong Kong at the end of 2013, the news is generally good.

Strong sales in Hong Kong have contributed to a record quarter for the AIA Group Ltd, a Hong Kong-headquartered, pan-Asia insurance group. For the quarter ending 28 February, AIA recorded 22 per cent growth in the value of new business, which was a “very positive start to the year,” said Mark Tucker, AIA’s Group Chief Executive and President.

 

 
  Mark Tucker, Chief Executive and President of AIA Group Ltd, talks about why Hong Kong is the perfect base for his company
“Excellent growth” in Hong Kong was a highlight of the quarter, while the Chinese mainland was the group’s strongest performing business overall. - See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09XMRF&DATASOURCE=hkti#sthash.90OWPzzJ.dpuf

Seven months since the Central Government launched the China (Shanghai) Pilot Free-Trade Zone, the Hong Kong Trade Development Council earlier this month organised a business mission to the area.

Among the 20 some-members who took part in the mission was Christopher Hammerbeck, Executive Director of the British Chamber of Commerce in Hong Kong. The longtime head of the local British chamber says the Shanghai pilot scheme offers significant opportunities for Hong Kong

- See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09XE9L&DATASOURCE=hkthk#sthash.n9IX5yZX.dpuf

Hong Kong has one of the world’s most sophisticated and successful telecommunications and Information and Communications Technology (ICT) markets. Its mobile penetration rate of about 232 per cent, as reported by the Hong Kong Office of the Communications Authority, also makes the city among the most connected markets globally.  

As the industry is wholly privately owned, with no foreign-investment restrictions, all services are open for competition. The level playing field, coupled with the advanced technology and quality services of Hong Kong's telecommunications/ICT sector, is an attractive proposition for multinational companies. 

American telecom firms AT&T and Verizon are among the major players that have set up regional operations in the city, while leading Chinese ICT manufacturer Huawei took its first steps into the overseas markets via Hong Kong.

- See more at: http://www.hktdc.com/info/web/mi/article.htm?LANGUAGE=en&ARTICLE%5fID=1X09XVZG&DATASOURCE=hkti#sthash.DRwCLewd.dpuf

What's New

Hong Kong Chamber of Commerce Chief Economist Boosting Hong Kong's Competitiveness
15 April 2015 (Press Release)
High value services are at the heart of Hong Kong's business success

Hong Kong and China insights and networking  Hong Kong and China Seminar in Gloucestershire, 21 May
15 April 2015 (Press Release)
The annual Export to Hong Kong and China event organised by Join in China will cover banking, accountancy, Chinese culture, IP, company law and marketing.

The deadline for entries is 25 March 2015 Cathay Pacific China Business Awards 2015 Take Off
24 Feb 2015 (Press Release)
The awards celebrate the best of British and Irish business trading with Hong Kong and China

The seminar follows a visit by HKTDC to Bury St Edmunds in November 2014 Hong Kong Business Seminar in Bury St Edmunds
29 Jan 2015 (Press Release)
The event will encourage companies in Suffolk to explore business opportunities in Hong Kong, the Chinese mainland and beyond

Around 70,000 buyers are expected at the fair  HKTDC at Spring Fair 2015
16 Jan 2015 (Press Release)
HKTDC Business Matching services and trade fairs will be promoted at Spring Fair 2015
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All Upcoming Events

Date Event City Event Format
20 - 23 April 2015 HKTDC Hong Kong Houseware Fair 2015
Hong Kong Exhibition

20 - 23 April 2015 HKTDC Hong Kong International Home Textiles and Furnishings Fair 2015
Hong Kong Exhibition

27 - 30 April 2015 Hong Kong International Printing & Packaging Fair 2015
Hong Kong Exhibition

27 - 30 April 2015 HKTDC Hong Kong Gifts & Premium Fair 2015
Hong Kong Exhibition

18 - 20 May 2015 HKTDC Hong Kong International Medical Devices and Supplies Fair 2015
Hong Kong Exhibition

13 - 15 Aug 2015 Hong Kong International Tea Fair 2015
Hong Kong Exhibition

13 - 17 Aug 2015 HKTDC Home Delights Expo 2015
Hong Kong Local Consumer Fair

13 - 15 Aug 2015 HKTDC Hong Kong International Tea Fair 2015
Hong Kong Exhibition

8 - 12 Sept 2015 HKTDC Hong Kong Watch & Clock Fair
Hong Kong Exhibition

27 - 30 Oct 2015 HKTDC Hong Kong International Lighting Fair 2015 (Autumn Edition)
Hong Kong Exhibition
More