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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

 
Branding by Design    

Southeast Asian companies aspiring to go global can tap Hong Kong’s expertise, says branding executive Peter Mack. 

As Marketing Executive Director at Landor Associates, a leading global branding and design consulting firm, Peter Mack has managed strategic projects for key clients in Asia-Pacific and the United States, including Cathay Pacific Airways, Charles Schwab, Deere & Company, Hewlett-Packard and PepsiCo. 

The launch of the ASEAN Economic Community (AEC) in December will help to connect companies from Singapore, Myanmar, Laos, Thailand, the Philippines, Brunei, Indonesia, Vietnam, Cambodia, and Malaysia to global markets. Mr Mack explains why having a strong brand and leveraging Hong Kong’s experience and resources can help Southeast Asian companies attract international consumers.
 

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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

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.fgcdBbRQ.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.fgcdBbRQ.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

HKTDC will promote its services and trade fairs at Top Drawer HKTDC at Top Drawer, 13-15 September 2015
30 July 2015 (Press Release)
HKTDC will exhibit on Stand R51 at the UK’s leading trade fair for design-led gifts and lifestyle and fashion accessories.

The mission is open to members of NHKS and similar associations Dutch Mission to Hong Kong Forum 2015
29 July 2015 (Press Release)
The cost for flights and accommodation in a four star hotel near the Hong Kong Convention and Exhibition Centre in Wan Chai will be from €1200 per person for a shared twin room.

The London concert is the finale of the Choir's European tour "Voices of Hong Kong" Concert, London, 5 August
27 July 2015 (Press Release)
The concert at St John's Smith Square will feature works by Asian composers

Alain de Botton is known for his philosophical approach to everyday issues Celebrated Authors Set for HK Book Fair
18 June 2015 (Press Release)
This year’s Book Fair will be held under the theme of “Reading the World ・ Love at First Book”. More than 300 events will be organised during the Book Fair with a wide range of authors taking part.

Vincent HS Lo takes office as HKTDC Chairman on 1 June 2015 Vincent HS Lo Takes Up HKTDC Chairmanship
1 June 2015 (Press Release)
Mr Lo takes over HKTDC chairmanship from Mr Jack So. HKTDC promotes Hong Kong's two-way trade with the world in goods and services.
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All Upcoming Events

Date Event City Event Format
13 - 17 Aug 2015 HKTDC Home Delights Expo 2015
Hong Kong Exhibition

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

5 - 7 Nov 2015 HKTDC Hong Kong International Wine & Spirits Fair 2015
Hong Kong Exhibition
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