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Hong
Kong Networking Lunch series in Southern California (September
- October 2009)

From
left: HKTDC Assistant Business Matching Manager
William Hung, HKTDC Marketing Manager Lawrence Chiu,
HKASC Vice President Raymond Cheng, & Valley International
Trade Association representatives Elyse Hookaylo-Rosenblatt
and Darcy Winters |
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Along
with the Los Angeles office of the Hong Kong Trade Development
Council, and the local chambers of commerce and trade groups,
HKASC has organized a series of private lunch events in
Southern California covering the cities of Cerritos, Los
Angeles, Ontario, San Diego, Sherman Oaks, and Torrance
to introduce the "10th Hong Kong Forum" among
the local business community.
The
Hong Kong Forum to be held in Hong Kong from December 1
to 2, 2009, is a flagship event organized by the Federation
of Hong Kong Business Associations Worldwide and Hong Kong
Trade Development Council.
About
400 Hong Kong Association members are expected to attend
the event for networking, experience sharing and business
opportunities in Hong Kong and China.
(Full
Story)
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Business
Luncheon on Hong Kong: Your Partner in Doing Business with China
(Aug 28, 2009)
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A luncheon
on doing business with Hong Kong and China co-organized
with the Hong Kong Trade Development Council held at the
San Diego Marriott Hotel on Friday, August 28, 2009 drew
over 300 business executives from the San Diego area.
China
remains one of the world¡¦s most promising markets. Recent
Chinese government measures to encourage domestic consumption,
enhance infrastructure development and improve environmental
standards bring with them opportunities for US companies.
With
its state-of-the-art supply chain services, technological
know-how, financial infrastructure and widely spoken English
- Hong Kong is an ideal location for US companies to access
world-class professional and financial services that will
help grow their mainland Chinese businesses.
With
Hong Kong's strong rule of law, it is also a proven risk
manager for China, further enhancing its reputation as a
global sourcing hub with excellent service infrastructure
that upholds the values of good corporate governance and
intellectual property protection.
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2009
Hollywood Bowl Concert & Picnic (August 15, 2009)
 |
Over
100 members and guests of the HKASC and HK Schools Alumni
enjoyed a spectacular evening of Tchaikovsky music and fireworks
at the Hollywood Bowl at the Hollywood Bowl on Saturday,
August 15, 2009.
Before
the performance was a picnic sponsored by C&L Restaurant,
Phoenix Restaurant, Roxy Trading, HSBC Bank, and West Basin
Municipal Water District.
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7th
Summer Mixer in Orange County (July 23, 2009)
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|
The
7th Summer Mixer was held at the Hyatt Regency Irvine Hotel
in Irvine on Thursday, July 23, 2009.
 
The
event was jointly co-operated by the HKASC and the Irvine
Chamber of Commerce, and
sponsored by the HSBC Bank.
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| Other
invited supporting organizations and tabletop display sponsors
included: American Business Women Association, Asian Business
Association of Orange County, Asian Business League of Southern
California, Asian Pacific-USA Chamber of Commerce, Filipino
American Chamber of Commerce of Orange County, German American
Chamber of Commerce of Orange County, Hispanic Chamber of
Commerce of Orange County, Japan America Society, Latino Business
Conexion, National Association of Asian American Professionals
- Orange County, National Latina Business Women Association
of Orange County, Orange County Chinese American Chamber of
Commerce, Orange County Korean American Coalition, Organization
of Chinese American Entrepreneurs/Advisory Network, Organization
of Chinese Americans - Orange County, Singapore American Business
Association of Southern California, South Asian Biz Alliance
Network, and Vietnamese-American Chamber of Commerce. |
¡§Tips
and Traps for California Employers¡¨ June 25, 2009
|

From
left: Adam Beyda (Margolis & Tisman), Dennis Lee (HKASC
Vice President), Mike Margolis (Margolis & Tisman),
Cathy Beyda (Margolis & Tisman), Brian Gregson (HSBC
Bank)
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On
June 25, a team of Margolis & Tisman labor law experts
including Mike Margolis, Cathy Beyda and Adam Schorr delivered
an update of the 2009 California Employment Law to over
50 HKASC members at the Alhambra branch of the HSBC Bank.
This
event was the first of the series of business information
programs organized based on the results of a survey conducted
among HKASC members earlier in 2009.
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U.
S. Regional Caucus Meeting in Philadelphia, May 15-17, 2009
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|
The
2009 U.S. Regional Caucus Meeting was held in Philadelphia
from May 15-17, 2009. Representing the HKASC, Vice President
Dennis Lee attended the meeting along with leaders of other
Hong Kong Associations in the U.S.A.
Click here for full story or to view more photos.
| | Photo caption:
From left, Daniel Chen (President, Hong Kong Association of Northern Texas), Dennis Lee (Vice President, Hong Kong Association of Southern California), James Haring (Board Member, Hong Kong Business Association of the Midwest), Barinna Poon (President, Hong Kong Business Association of Hawaii), Eugene Hanratty III (Executive Director, Hong Kong Association of Atlanta), Donald Tong (Hong Kong Commissioner for Economic & Trade Affairs, USA), Benjamin Lee (President, Hong Kong Association of Washington), Susanna Kwan (Executive Director, Hong Kong Association of Northern California), Kenneth Wong (President, Philadelphia Hong Kong Trade Association), Stephen Wong (Regional Director, Americas, Hong Kong Trade Development Council), Michael Nocera (Executive Director, Hong Kong Association of New York), and William Uchimoto (Partner, Buchanan Ingersoll & Rooney)
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ICT
Collaboration and Partnership with Hong Kong (May 1, 2009)
 |
Led
by Jeremy Godfrey, Government Chief Information Officer
of the Hong Kong SAR government, and Judy Leung, Vice President
of the Hong Kong Information Technology Federation, a group
of Hong Kong ICT companies visited the U.S.A. from May 5
to 7 to explore colloration and partner opportunities with
the IT business community in San Diego. The progrm included
a series of business matching meetings as well as a networking
luncheon. (learn
more)
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International
Trade Advisory Board & HKASC Joint Breakfast Meeting in San
Diego (April 2, 2009)
 |
Over
60 HKASC and ITAB members and their guested attended a joint
morning program featuring a presentation on how to find new
markets and expand existing ones through HKTDC's marketing
platform, as well as tips and updates provided by a panel
of local business executives. (learn
more) |
Riding
the Global Economic Challenges - Hong Kong' Stimulus Plan (Feb.
10, 2009)
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|
Over
120 members of the Los Angeles business community attended
a speaker luncheon featuring Hong Kong Commissioner Mr.
Donald Tong, JP, held at the Los Angeles Omni Hotel on Tuesday,
February 10, 2009. (learn
more)
(Photo
caption:
From left: HKASC Director Ernie So, HKASC Vice President
Grace Chew, HKETO San Francisco Director Doris Cheung, HK
Commissioner Donald Tong JP, HKASC Vice President Dennis
Lee, HKASC Vice President John Coleman, Guy Fox)
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Celebrating
the Year of the Ox (February 7, 2009)

Over 500
members, friends and guests of the HKASC celebrated the Year of
the Ox at the Hilton Los Angeles/Univesal City Hotel on Saturday,
February 7, 2009. Some
of the distinguished guests included Ms. Shu Luomei representing
the Consulate General of the People's Repubic of China, California
State Controller John Chiang, State Board of Equalization Member
Judy Chu, Assemblymen 49th District Mike Eng, Mayor of the City
of Walnut Jaoquin Lim, Hong Kong Econonmic & Trade Office
San Francisco Director Doris Cheung, Hong Kong Trade Develolpment
Council Regional Director of the Americas Stephen Wong. (Full
Story)
San Diego
Holiday Banquet (December 4, 2008)

(Click
here
to view photo album)
Turning
Crisis into Opportunity: Why Hong Kong Should be Part of Your
International Business Strategy featuring HKSAR Secretary for
Commercial and Economic Development Rita Lau (November 17, 2008)


The
business luncheon was organized by the Hong Kong Economic
& Trade Office and World Affairs Council, and supported
by the Hong Kong Association of Southern California.
|
Over
200 business leaders and senior government officials attended
a business luncheon featuring HKSAR Secretary for Commercial
and Economic Development Rita Lau at the Los Angeles Biltmore
Hotel on Monday, November 17, 2008.
In
her keynote speech, Lau gave an update on Hong Kong. With
advantages from business-friendly environment, low and simple
tax regime, transparent common law legal sysem, state of
the art infrastructure, free flow of information and capital,
intellectural property protection to a dynamic cosmoplitan
workforce, Hong Kong continues with its important role in
serving the international business community and Mainland
China's economic development. According
to Lau, "We are confident that our role as an international
financial center, as a hub for trade, for logistics, for
tourism, for conventions and exhibitions, is unique and
remains as strong as ever."
HKSAR
Secretary for Commerce and Economic Development Rita Lau¡¦s
responsibilities include, external commercial relations,
inward investment promotion, industry and business support,
tourism development, development of informa-tion technology,
telecommunications, broadcasting, film and cre-ative industry,
and innovation and technology.
|
Hong
Kong Forum (October 30-31, 2008)
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|
At
the 9th Hong Kong Forum, HKASC was recognized for its outstanding
recruitment effort in membership in 2007-2008. The award
was presented by HKTDC Executive Director Fred Lam and members
of the nominating committee at the Farewell Dinner held
at the Maxim's Restaurant on Friday, October 31, 2008.
(Click
here
to view more photos and report)
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Annual
Members Meeting & Joint Networking Mixer with Industry Manufacturers
Council (September 24, 2008)
 |
Almost
100 friends and members of HKASC, Industry Manufacturers Council
and other supporting organizations attended a networking mixer
at the Pacific Palms conference facility located at City of
Industry on Wednesday, September 28, 2008. (Full
Story) |
Hollywood
Concert & Picnic (August 9, 2008)
Over 200
members and guests of the Hong Kong Association of Southern California
and Hong Kong Schools Alumni Federation enjoyed the world's longest
running musical ~ LesMiserables in Concert ~ at the Hollywood
Bowl on Saturday, August 9, 2008.
Click here
to view more photos
U.S.
Regional Caucus Meeting in Seattle (July 14-16, 2008)
The 2008
U.S. Regional Caucus Meeting was held in Seattle from July 14
to 16, 2008. Among the participants were representatives of the
Hong Kong associations in the U.S.A., Barry MacDonald, Chair of
the Federation of Hong Kong Business Associations Worldwide, Bill
Lau, President of the Vancouver Chapter of the Hong Kong-Canada
Business Association, and Stephen Wong, Regional Director, Americas,
of the Hong Kong Trade Development Council. Raymond Cheng and
Chris Leu attended the event representing the Hong Kong Association
of Southern California. As founding chair, Raymond Cheng was invited
to continue serving the National US Hong Kong Business Association
(NUSHKBA) in 2009 as Honorary Adviser. (Click here
for full program report and more photos)
Sponsors
Appreciation Dinner in San Gabriel (June 19, 2008)
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|
Located
at the San Gabriel historical mission district, the Mission
261 Restaurant was filled with 140 special guests and friends
of HKASC at the Sponsors Appreciation Dinner on Thursday,
June 19, 2008.

On
behalf of HKASC, president Raymond Cheng thanked the current
directors, past directors, Orange County chapter committee
member, and San Diego committee members for their support
of HKASC programs and activities in the past years. Also,
eight long time company sponsors were invited to showcase
their latest business development and news. Eleven
of the luckiest lucky draw winners also took home some fabulous
prizes. (fully
story)
|
16th
Chinese New Year Gala Celebration - Year of the Rat
Celebrating
the Year of the Rat, the 16th Chinese New Year Gala was held at
the University City Hilton on Saturday, February 23, 2008. Many
of the lucky ones also won fabulous prizes including one round-trip
air ticket to Hong Kong with a sightseeing tour donated by Cathay
Pacific Airways and Hong Kong Tourism Board, as well as many other
goodies.
Hong
Kong - Your Best Partner and Risk Manager in China

Mike
Rowse
Director-General, Invest Hong Kong
HKSAR Government
|
Facilitating
the interest of HKASC members in the Orange County area,
a speaker luncheon featuring Invest Hong Kong Director-General
Mike Rowse was co-organized with Invest Hong Kong, HKSAR
Government, at the luxurious AAA Four-Diamond Hyatt Regency
Irvine on Friday, February 1, 2008.
Mike
Rowse's presentation titled "Hong Kong - Your Best
Partner and Risk Manager in China" charmed over 90
guests who attended the program. (full
story)

(From
left: Dennis Lee, HKASC Vice President & Orange County
Chair; Lawrence Tang, Head, Investment Promotion, HKSAR
Government)
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Private
Presentation by Edward Yau, Secretary for the Environment, HKSAR

Edward
Yau
Secretary for the Environment
HKSAR Government
Edward
Yau was appointed as Secretary for the Environment on July
1, 2007. His portfolio covers environmental protection,
nature conservation, energy and sustainable development.
He is responsible for formulating policies, promoting public
awareness as well as encouraging community participation
regarding his portfolio areas. He also oversees plans and
programmes implemented by the Environmental Protection Department,
the Electrical and Mechanical Services Department, the Agriculture,
Fisheries and Conservation Department and the Drainage Services
Department.
|
A speaker
luncheon hosted by the Hong Kong Economic & Trade Office
in San Francisco featuring Edward Yau, Secretary for the
Environment, HKSAR, was held at the Los Angeles Omni Hotel
on Wednesday, January 16, 2008.
Attended
by almost 60 HKASC members and business executives from
the environment industry, Edward Yau addressed on the latest
policy of HKSAR in bringing Hong Kong a better, cleaner
and greener business environment.
His
visit to Los Angeles was the first stop of a three-day visit
to the U.S.A. In addition to the luncheon, he also met with
the Lieutenant-Governor of California, as well as government
officials, academics, think-tank experts and business leaders
to exchange views on how to improve air quality and tackle
climate change.

(From
left: HKETO San Francisco Director Doris Cheung; HKASC Director
John Gilbaugh; HKSAR Secretary for the Environment Edward
Yau; HKSAR President Raymond Cheng; HKSAR Director Ernie
So)
|
2007 Holiday Banquet
in San Diego (December 6, 2007)

Three hundred HKASC members and their guests celebrated
the holidays at the 2007 Holiday Banquet in San Diego held at
the Jasmine Chinese Restaurant on Thursday, December 6, 2007.
(Full
Story)
Return to Top
Entering Into Business
in China and Terminating a Business Relationship in China (December
5, 2007 - Los Angeles - San Diego - Hong Kong)
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Click here
to view more photos and learn about the speakers.
|
A virtual meeting on joint venture and intellectual
property issues for American companies in doing business
with Hong Kong and China was held in Los Angeles with a
satellite location in San Diego on Wednesday, December 5,
2007.
The event was organized by the Association
of Corporate Counsel, Hong Kong Corporate Counsel Association,
Hong Kong Trade Development Council, Hong Kong Association
of Southern California, and supported by the National U.S.
Hong Kong Business Association . The event was also sponsored
by Morrison & Foerster.
Following welcome remarks by Stephen Wong
(Regional Director, Americas, Hong Kong Trade Development
Council), Hillel Cohen (Partner, Morrison & Foerster),
and (Jim Merklinger, Association of Corporate Counsel),
via video conference, a panel of legal experts on doing
business with China in Hong Kong discussed on hot topics
on doing business with Hong Kong from what to do to protect
intellectual property rights, conducting due diligence on
prospect partner, and the do's and don'ts of terminating
a business relationship in China on joint venture and intellectual
property issues for American companies.
Speakers in Hong Kong included Ralph Ybema,
Hong Kong Corporate Counsel Association; Christopher To,
Hong Kong International Arbitration Centre; and Jonathan
Ross, Transamerica Life Insurance.
At his closing remarks, Dennis Lee (Vice
President, HKASC) encouraged all of the attendees to take
part in other HKASC upcoming events.
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Annual
Members Meeting and Joint Mixer with Industry Manufacturers Council
(September
13, 2007)
|

|
The
HKASC Annual Members' Meeting was held at the Pacific Palm
Conference & Resort in City of Industry on Thursday,
September 13, 2007. Sponsored
by PCCW, a Joint Mixer co-organized with the Industry Manufacturers
Council was held after the AGM. The new HKASC Board of Directors
and the 100 guests attending the event were welcomed by
Donald Sachs, Executive Director of the Industry Manufacturers
Council and other officials representing City of Industry.
(Full
Story)
|
Return to Top
Hollywood
Bowl Summer Picnic (August 3, 2007)
 |
Over
200 HKASC and HKSAF members attended the relaxing and enjoyable
summer picnic at the Hollywood Bowl on Saturday, August
3, 2007. Following the picnic was the spectacular Concert
South Pacific with Reba McEntire and Brian Stokes Mitchell.
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Joint
Mixer with Irvine Chamber of Commerce (July 26, 2007)
 |
Over
100 businessmen in Orange County attended an annual networking
event organized by the Orange County Chapter of the Hong
Kong Association of Southern California (HKASC) - the largest
Hong Kong association in the U.S.A with almost 650 individual
members. The event was held at the Doubletree Irvine Spectrum
Hotel located in the heart of Southern California's Technology
Coast on Thursday, July 26, 2007.
|
| Representing
the event sponsor, HSBC, Ms. Wendy Zimmerman, was presented
with a Gold Sponsor appreciation plaque by HKASC president
& NUSHKBA vice president Raymond Cheng for the company's
contribution and support to both the HKASC and NUSHKBA. In
addition to HSBC, Christopher Leu, immediate past chair of
of the Federation of Hong Kong Business Associations Worldwide
as well as a successful entrepreneur, was also acknowledged
for his keen support of all programs and activities in relating
to promoting international trade between Hong Kong and the
U.S.A and his generous contribution to the NUSHKBA and its
activities. (Full
Story) |
|
HKSAR
10th Anniversary Celebration Party in San Diego (June 30, 2007)

A summer weekend
party jointly organized with the San Diego Chinese Association
for HKASC members to celebrate the HKSAR 10th anniversary with
their families and guests.
Chinese
New Year Gala Celebrates Year of the Golden Boar
Spirits were
high as over 630 Hong Kong Association members and guests filled
the Universal Hilton ballroom for the 15th Annual Chinese New
Year Gala Dinner. Commencing the Year of the Golden Boar, the
Gala Dinner marks one of the most anticipated and celebrated events
of the HKASC calendar. (Full Story)
Hong Kong
Forum 2006 Celebrates 40 Years of Business Success
Over 400 Federation
of Hong Kong Business Associations Worldwide (FHKBAW) members
from 20 countries converged for the seventh annual Hong Kong Forum,
held November 28 to 29, 2006. The Forum’s two-day program comprised
high-level seminars and networking events, a keynote address by
Hong Kong Financial Secretary Henry Tang and culminated with a
trip to the Pan-Pearl River Delta. The Forum also coincided with
the 40th anniversary of the Hong Kong Trade Development Council
(HKTDC) . (Full Story)
Video
Conference with Hong Kong (Sept 2006)
A virtual
meeting on joint venture and intellectual property issues for
American companies in doing business with Hong Kong and China
co-organized with the Association of Corporate Counsel, Hong Kong
Trade Development Council, National U.S. Hong Kong Business Association
was held on Thursday, September 28, 2006, at the Los Angeles office
of Morrison & Foerster. In addition to Los Angeles, the program
was also aired to Orange County and Hawaii. (Full
Story)
Return to Top
For Lawry's,
Finding the Right Partner is Key to Expanding in Asia (Sept 2006)
 |
At a
breakfast briefing held Thursday, September 7, 2006, at
the Jonathan Club in Los Angeles, Richard N. Frank, Chairman
of the renowed Lawry's Restaurant group and his son, Richard
R. Frank, shared the group's successful story in launching
the first Lawry's in Hong Kong through working with the
right partner. (Full
Story)
Return to Top
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4th Summer
Mixer in Orange County (July 2006)
|

Among
the 165 attendees, Godwin Tsui of HSBC Mortgage Corp was
the luckiest one who won the Grand Raffle Prize, a roundtrip
air ticket Los Angeles/Hong Kong, donated by Cathay Pacific
Airways.
|
The
4th Orange County Summer Mixer was held on Thursday, July
13, 2006 at the Irvine Marriott Hotel.
The
evening was filled with valuable networking opportunities
with members of other trade groups in the Orange County
area including the Asian Business Association of Orange
County, Asian Business League of Southern California, Filipino
American Chamber of Commerce of Orange County, Irvine Chamber
of Commerce, Korean American Bar Association, Singapore
American Business Association of Southern California, Vietnamese-American
Chamber of Commerce in Orange County .....
(Full
story)
|
Return to Top
Hong Kong
and Jiangmen: Your Partners For Success in China, San Diego, June
15, 2006
|

The
panel of speakers included Roger Shahnazarian, Pulse; Gavin
Lam, Lynns Concepts; John Rutherford, Invest Hong Kong;
Steve Alexander, HKTDC; Vice-Mayor Lu Depei, Jiangmen; Clellen
Ip, Emerson Electric; Nader Nemati, Epicore; and Kam Li,
Procopio, Cory, Hargreaves & Savitch. Christopher Leu,
Chairman, FHKBAW, was the moderator.
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The
pace of change in China is unprecedented. Long a major manufacturing
center and exporter, China is now also a major importer
with demand for technology, equipment and products growing
at a blistering rate. To succeed in China, sufficient preparation
is vital. The size and complexity of the China market require
a commitment and a viable business strategy, particularly
if you're a small or mid-sized enterprise.
Helping
HKASC members to gain entry into China, HKASC co-operated
a business seminar with the Hong Kong Trade Development
Council, San Diego World Trade Center as well as the Jiangmen
People's Municipal Government at the Hyatt Regency Islandia
in San Diego on June 15.
Click
here for photo album or please visit event website for complete program information
and speakers' presentations.
|
|
Updates
on Hong Kong
Further
Services Liberalization Under CEPA (May 9, 2009)
On
May 9, the Hong Kong Special Administrative Region Government
and the Central People's Government agreed on further services
liberalization and trade co-operation under the Mainland
and Hong Kong Closer Economic Partnership Arrangement (CEPA).
Witnessed by the Chief Executive, Mr. Donald Tsang and other
guests, the Financial Secretary, Mr. John C. Tsang, and
the Vice-Minister of Commerce, Mr. Jiang Zengwei, signed
the Supplement VI to CEPA. Under Supplement VI to the CEPA,
the Mainland will introduce 29 liberalization measures covering
20 service sectors, including two new sectors (research
and development, and rail transport). Thus, the total number
of service sectors covered by CEPA will be expanded from
40 to 42. (Full
Story)
Awareness
of Intellectual Property Rights Protection Remains High
(April 7, 2009)
Results
of the latest Survey on Business Attitudes to Intellectual
Property were announced on April 7 reveal that awareness
of intellectual property (IP) rights among business establishments
in Hong Kong remains high. A total of 1,001 business establishments
responded in the survey commissioned by the Intellectual
Property Department (IPD). More than 92.1% of the respondents
were aware that IP rights included copyright, trademarks
and patents. The respondents in general considered that
it was necessary to protect IP rights in Hong Kong¡¦s business
environment (93.7%) and that IP was a company¡¦s valuable
asset (98.3%). (Full
Story)
Three-Year
Action Plan on Shenzhen/Hong Kong Co-operation in Innovation
and Technology (March 31, 2009)
Following
the signing of the co-operation agreement on the ¡§Shenzhen/Hong
Kong Innovation Circle¡¨ in May 2007 to enhance the competitiveness
of the industries of both sides by encouraging co-operation
between their R&D institutions and industries, HKSAR
Secretary for Commerce and Economic Development, Mrs. Rita
Lau, co-chaired the third meeting of the ¡§Steering Group
on Shenzhen/Hong Kong Co-operation in Innovation and Technology¡¨
with Science and Technology Adviser to the Mayor of the
Shenzhen Municipal Government and Chairman of the Shenzhen
side, Mr. Liu Yingli, in Shenzhen on March 31, 2009.
The
two sides reviewed in the meeting the items of co-operation
now under way and agreed on the action plan under the ¡§Shenzhen/Hong
Kong Innovation Circle¡¨ for the coming three years. The
action plan comprises 24 co-operation projects under three
categories: Innovation Foundation (provision of laboratories
or facilities), Service Platform (sharing of technological
resources and provision of technological services platform)
and Major research and development (R&D) Projects (co-operation
in particular technological areas, such as solar battery).
Details on implementation of the projects will be confirmed
by responsible institutions afterwards. (Full
Story)
Thin
Film
Photovoltaic R&D Centre opens in Hong Kong (March 20,
2009)
HKSAR
Chief Executive Mr. Donald Tsang officiated at the opening
ceremony of the DuPont Apollo Global Thin Film Photovoltaic
Business Headquarters and Research and Development (R&D)
Centre and the Hong Kong Science Park Solar Energy Technology
Support Centre at Hong Kong Science Park on March 20, 2009.
The
center is part of the first major technology co-operation
project of the ¡§Shenzhen Hong Kong Innovation Circle¡¨ under
the Hong Kong Special Administrative Region Government and
the Shenzhen Municipal Government in collaboration with
DuPont. The purpose of the center is to establish a Solar
Energy Research and Industrial Platform.
(Full
Story)
Multi-Currency
Cross-Border Payment Arrangements between the Mainland and
Hong Kong (March 12, 2009)
The
People¡¦s Bank of China (PBoC) and the Hong Kong Monetary
Authority (HKMA) have signed a Memorandum of Understanding
for the establishment of multi-currency cross-border payment
arrangements between the Mainland and Hong Kong (¡§cross-border
payment arrangements¡¨). The cross-border payment arrangements
will go live on March 16, 2009.
The
establishment of the cross-border payment arrangements is
an important move jointly taken by the PBoC and the HKMA
to strengthen cooperation in the area of financial infrastructure
between the two economies. These arrangements will deepen
the ongoing promotion of financial cooperation between the
Mainland and Hong Kong and mark the introduction of a wide-ranging
cross-border payment and settlement mechanism covering multiple
currencies. (Full
Story)
Awareness
of Protection of Intellectual Property Rights Enhanced (February
19, 2009)
A
survey commissioned by the Intellectual Property Department
of the Hong Kong Special Administrative Region Government
has shown that Hong Kong people are becoming more aware
of the importance of protecting intellectual property (IP)
rights. (Full
Story)
HKSAR
Chief Executive Appoints New Members to Executive Council
(January 20, 2009)
Hong
Kong Chief Executive, Mr. Donald Tsang, announced the appointment
of five new members to the Executive Council with effect
from January 21, 2009. The new appointees are: Mr. Lau Wong-fat,
Professor Lawrence Lau Juen-yee, Ms. Anna Wu Hung-yuk, Ms.
Marjorie Yang Mun-tak and Mr. V Nee Yeh. (Full
Story)
People¡¦s
Bank of China and Hong Kong Monetary Authority Sign Currency
Swap Agreement (January 20, 2009)
On
December 19, 2008 the Chinese Government announced that
14 measures would be undertaken in seven areas to support
Hong Kong¡¦s financial stability and economic development,
including agreeing to the signing of a currency swap agreement
between the People¡¦s Bank of China (PBoC) and the Hong Kong
Monetary Authority (HKMA). (Full
Story)
Hong
Kong Ranked World's Freest Economy for 15th Consecutive
Year (January 13, 2009)
Hong Kong has been ranked as the world's freest economy
for the 15th consecutive year in the 2009 Index of Economic
Freedom, jointly published by The Heritage Foundation and
The Wall Street Journal. According to the findings, Hong
Kong scores 90 on the 100-point scale ¡V 0.3 point better
than last year and above the world average score of 59.5.
(Full
Story)
IMF
commends Hong Kong Government's decisive actions to bolster
financial stability (December 9, 2008)
In
its Staff Report on Hong Kong released on December 9, 2008,
the International Monetary Fund (IMF) commended the measures
of the Government of the Hong Kong Special Administrative
Region to contain the contagious risks from the global financial
turmoil and reiterated its support for the Linked Exchange
Rate system (LERS). The IMF projects Hong Kong¡¦s economic
growth to fall noticeably in the coming months amid the
still unfolding turbulence in the international financial
markets. Consumer price inflation is expected to fall below
3% in 2009. In the long run, an economic growth rate of
around 5% per annum is feasible given the consistent improvements
in productivity and overall dynamism and adaptability of
the economy. (Full
Story)
Hong
Kong¡¦s total port cargo throughput in the third quarter
(December 8, 2008)
According
to statistics on vessels, port cargo and containers for
the third quarter of 2008 released by the Census and Statistics
Department on December 8, 2008, Hong Kong¡¦s total port cargo
throughput in the third quarter grew 9% year-on-year to
67.3 million tonnes. (Full
Story)
Chief
Executive announces economic stimulus package (December
8, 2008)
Mr.
Donald Tsang, the Chief Executive of the Government of the
Hong Kong Special Administrative Region, announced on December
8, 2009 that the Government would provide up to HK$100 billion
(US$12.82 billion) in loan guarantees for enterprises and
make available over 60,000 employment opportunities next
year as part of the Government's efforts to lead Hong Kong
out of the economic downturn. The key initiatives include
Expand SME Credit Guarantee Scheme, Job Creation and Mainland
Support. (Full
Story)
Release of the Michelin guide in
Hong Kong (December 2, 2008)
Hong
Kong was recognized as a center for gastronomy following
the release of the "Michelin Guide Hong Kong Macau
2009" on December 2, 2008 as well as being one of the
first Michelin cities in China. As Asia's capital for fine
wine and good food, major industry trade events such as
the Hong
Kong International Tea Fair (August 13-15, 2009), Food
Expo (August 13-17, 2009), Hong
Kong International Wine & Spirits Fair (November
4-6, 2009) are held in Hong Kong.
New
Hong Kong Commissioner for Economic and Trade Affairs, USA
(November 18, 2008)
Donald Tong has assumed the post of Hong Kong Commissioner for Economic and Trade Affairs, USA, the most senior representative of the Hong Kong Special Administration Region Government in the U.S. As Commissioner, he engages in constituency-building activities across the U.S. and directs the Hong Kong Special Administrative Region Government's efforts to enhance Hong Kong-U.S. cultural, economic, and trade ties. Mr. Tong also oversees the work of the three Hong Kong Economic and Trade Offices in Washington, New York and San Francisco.
(Full
Story)
HKSAR
Chief Executive 2008-09 Policy Address: New initiatives
to upgrade quality of Life and how Hong Kong will emerge
stronger from current crisis (October 15, 2008)
Delivering
his 2008-09 Policy Address, "Embracing New Challenges,"
to the Legislative Council, Chief Executive Donald Tsang
today unveiled a number of measures to address the global
financial crisis, protect the public interest and upgrade
Hong Kong's quality of life. (Full
Story)
Mr.
Tsang said that Hong Kong would turn the current crises
into opportunities by vigorously pursuing economic development
in areas such as financial services, cross-boundary integration,
infrastructure projects, creative industries and scientific
research. (more)
The
Chief Executive unveiled several measures that would help
reduce greenhouse gas emissions, improve air quality and
encourage recycling. These included:
- Adopting
new air quality targets in stages, giving due regard to
the World Health Organization guidelines
- Promoting
the use of clean fuels such as gas for power generation
- Legislating
for mandatory compliance with building energy codes
- Extending
the Mandatory Energy Efficiency Labelling Scheme
- Introduction
of an environmental levy on plastic shopping bags at selected
retail outlets in 2009 (more)
Hong
Kong Government Supports Developing Radio Frequency Identification
Technology (October 9, 2008)
The
Hong Kong Special Administrative Region Government had been
working consistently to promote the development of technology
in areas where Hong Kong had a competitive edge with the
clear objective of making Hong Kong a regional hub of innovation
and technology. Officiating at the opening ceremony of the
Hong Kong Radio Frequency Identification Centre (Supply
Chain Innovation Centre) at Hong Kong Science Park, Hong
Kong Secretary for Commerce and Economic Development Mrs
Rita Lau said one of those technology areas was radio frequency
identification (RFID), which was often regarded as the next
emerging technology after the Internet and could have even
greater direct impact on daily and business life. (Full
Story)
Hong
Kong Monetary Authority to Provide Liquidity Assistance
to Licensed Banks in Hong Kong (September 30, 2008)
The
Hong Kong Monetary Authority (HKMA) announced five temporary
measures for providing liquidity assistance to licensed
banks in Hong Kong. With effect from Thursday (October 2)
for a period of six months until the end of March 2009,
the HKMA will provide liquidity assistance on request from
licensed banks. (Full
Story)
Hong
Kong Reaffirmed as Asia's Leading City for International
Business (September 25, 2008)
Hong
Kong's status as one of the world's leading destinations
for foreign direct investment (FDI) and sources of outward
FDI has been reaffirmed by the World Investment Report 2008,
released on September 25, 2008 by the United Nations Conference
on Trade and Development. Hong Kong was the world's seventh,
and Asia's second largest, FDI recipient, attracting US$59.9
billion inward investment in 2007. The Mainland of China
ranked first in Asia Pacific in FDI inflows, reaching US$83.5
billion. (Full
Story)
Hong
Kong Chief Executive Appoints Political Assistants (May
22, 2008)
Hong Kong Chief Executive, Mr. Donald Tsang, today appointed
the first batch of nine Political Assistants of the Hong
Kong Special Administrative Region Government. The Chief
Executive praised the new appointees for their passion and
commitment. He said he was confident that they would be
able to assist the Secretaries and Under Secretaries of
Bureaux and work closely with the highly professional civil
service to better serve Hong Kong. The Political Assistants
are appointed under the expanded political appointment system
on non-civil service terms for the term ending June 30,
2012. The Government will make further announcements on
the remaining positions of Under Secretaries and Political
Assistants in due course. (Full
Story)
Hong
Kong Chief Executive Appoints Under Secretaries (May 20,
2008)
Hong
Kong Chief Executive, Mr. Donald Tsang, today appointed
the first batch of eight Under Secretaries to bolster the
strength and capacity of the Government's team of political
appointees under the political appointment system.
At
the rank of Deputy Directors of Bureau, the new Under Secretaries
are drawn from the finance, legal and medical professions,
as well as academia and the media. One of them is an Administrative
Officer. (Full
Story)
Diskeeper
Corporation Chooses Hong Kong as its Hub to Explore the
Greater China Market (May 20, 2008)
Diskeeper
Corporation today announced the grand opening of Diskeeper
Corporation China Limited in Hong Kong. The launch of this
new office signifies Diskeeper Corporation¡¦s commitment
to the Greater Chinese market, providing computer users
in the market unparalleled speed and reliability technology.
(Full
Story)
US-based
Cotton Incorporated Opens its Regional Office in Hong Kong
(May 19, 2008)
US-based
Cotton Incorporated announced the grand opening of its regional
office in Hong Kong today. Cotton Incorporated is the research
and marketing company representing US upland cotton, providing
solutions to supply chain partners to influence the use
of cotton. Its mission is to build the demand for and profitability
of cotton worldwide. The new regional office in Hong Kong
will offer technical services for mills and manufacturers
in the region. It will also provide information on cotton
supply and demand, fibre quality and consumer research trends
as well as product trend analysis services which include
sourcing specialists and supplier information. (Full
Story)
Re-visit
of Olympic Flame to Hong Kong (April 30, 2008)
The
Olympic flame today arrived in its first stop on Chinese
soil, Hong Kong, for the Torch Relay in the territory to
be conducted on May 2 (Friday). This is the second time
for the Olympic flame to be relayed in Hong Kong since the
Tokyo Olympic Games in 1964. (Full
Story)
The
Sports Federation & Olympic Committee of Hong Kong,
China (SF&OC), 2008 Beijing Olympic Equestrian Events
Hong Kong Fund and the Home Affairs Bureau of the Hong Kong
Special Administrative Region Government jointly held the
¡§Celebration of the 100-day Countdown to the Beijing 2008
Olympic Games¡¨ at Hong Kong Coliseum on April 30 to mark
the 100 days to the opening of the Olympic Games. (Full
Story)
Legislative
Amendments on Wine Duty Reduction (April 23, 2008)
The
Hong Kong Special Administrative Region Government will
publish in the Gazette on April 25 the legislative amendments
that are required for giving effect to the Budget proposals
on the reduction of wine duty to zero. In his 2008-09 Budget,
the Financial Secretary proposed reducing duties on wine
(and other liquors) to zero, and the removal of licensing/permit
arrangements related to duty collection. (Full
Story)
Bonhams
Holds Its Inaugural Hong Kong Fine & Rare Wines Auction
(April 24, 2008)
Following
the company¡¦s recent expansion in Hong Kong, Bonhams today
held its inaugural Hong Kong fine & rare wines auction
in Crown Wine Cellars. The wine auction is the first one
to be held in Hong Kong in 10 years and also the first one
to be held since the announcement of the exemption of wine
from duty by the Financial Secretary, Mr. John C. Tsang
in the Budget Speech announced in February. (Full
Story)
Hong
Kong Monetary Authority Recognized as Asia's Leading Bank
Regulator
The
Hong Kong Monetary Authority (HKMA) was presented with The
Asian Banker Award for Achievement in Regulation in the
Financial Services Industry 2007 on March 16. The annual
Asian Banker Achievement Awards program has been organized
by The Asian Banker magazine since 2005 to recognize individual
excellence in the financial services industry. The award
was based on a rigorous selection process chaired by Mr.
David Eldon, Chairman of Dubai International Financial Centre
Authority. (Full
Story)
Hong
Kong Ranked as World's Freest Economy
Hong
Kong has been ranked as the world's freest economy for the
14th consecutive year in the 2008 Index of Economic Freedom,
jointly published by The Heritage Foundation and Wall Street
Journal. According to the index, Hong Kong scores exceptionally
well in almost all areas of economic freedom. Among the
10 factors assessed, Hong Kong ranks first in trade freedom,
investment freedom, financial freedom and property rights.
Hong Kong ranks in the top 10 in fiscal freedom, government
size, monetary freedom and labor freedom. (Full
Story)
Fashion
Week, World Boutique in the Fashion Spotlight -
More than 1,700 International Exhibitors Attracted to the
Twin Fairs
Hong
Kong Fashion Week for Fall/Winter 2008, Asia's largest fashion
fair, opened today featuring 1,490 exhibitors from around
the world. The fair continues through January 17 at the
Hong Kong Convention and Exhibition Centre.
World
Boutique, Hong Kong, which runs concurrently with Fashion
Week for Fall/Winter, has attracted 366 brands and 255 exhibitors
from 13 countries and regions. The two high-style fashion
fairs are organised by the Hong Kong Trade Development Council
(TDC).
(Full
Story)
US
Companies in Hong Kong gave strong vote of confidence in
Hong Kong
US
companies have given a strong vote of confidence to Hong
Kong's business outlook, culminating another year of vibrant
economic performance.
The
annual AmCham Business Outlook Survey, released in December,
revealed that many member companies are preparing for growth
and further investments in Hong Kong. This positive sentiment
is largely credited to Hong Kong's ability to offer a business-friendly
environment, and for positioning itself to remain competitive
within the region. (Full
Story)
Hong
Kong Government Announces 2008 Digital 21 Strategy (December
21, 2007)
The
Hong Kong Special Administrative Region Government today
announced the 2008 Digital 21 Strategy, the latest blueprint
for the development of information and communications technology
(ICT) in Hong Kong. Under the new strategy, five action
areas have been identified to achieve the vision of enhancing
Hong Kong's status as a world digital city: to facilitating
a digital economy, to promoting advanced technology and
innovation, to develop Hong Kong as a hub for technological
cooperation and trade - Harness Hong Kong's role as the
two-way platform for Mainland enterprises to bring in foreign
investment and participate in the global economy, to enable
the next generation of public services, and to build an
inclusive, knowledge-based society. (Full
Story)
World
SME Expo Opens with Big Mainland Presence (December 12,
2007)
One
of the world's largest events for small and medium-sized
enterprises, World SME Expo, opened today and continues
through December 14 at the Hong Kong Convention and Exhibition
Centre. About 330 exhibitors from more than 40 countries
and regions are taking part in this, the 7th edition of
World SME Expo. In all, about 40,000 participants are expected
at SME Expo and a variety of concurrent events, including
Inno Design Tech Expo (IDT Expo) and Business of Design
Week (BODW). (Full
Story)
Hong
Kong's Foreign Currency Reserves at US$150.4 Billion (December
8, 2007)
Hong
Kong's foreign currency reserves stood at US$150.4 billion
at the end of November 2007, according to the Hong Kong
Monetary Authority, up from US$142.2 billion at end-October
2007. The US$8.2 billion increase in settled foreign currency
assets in the month of November was mainly due to the purchase
of foreign currencies with Hong Kong dollars. Including
unsettled forward contracts, the foreign currency reserve
assets of Hong Kong at the end of November 2007 stood at
US$150.6 billion, up from US$143.7 billion at end-October
2007. Hong Kong is the world's ninth largest holder of foreign
currency reserves based on the latest published figures,
after Mainland China, Japan, Russia, India, Taiwan, Korea,
Brazil and Singapore. The total foreign currency reserve
assets of US$150.4 billion represent over seven times the
currency in circulation or about 31% of Hong Kong dollar
M3.
Hong
Kong Moves Towards Wireless City (December 7, 2007)
A
great step forward in making Hong Kong a wireless city has
been taken with the awarding of the contract for the Government
Wi-Fi program, which provides the public with convenient
and free access to wireless Internet facilities. Speaking
at the contract signing ceremony today, the Government Chief
Information Officer, Mr. Howard Dickson, said that the Government's
vision was to make Internet broadband services available
to all citizens in Hong Kong, whether at home or on the
move. "The 'GovWiFi' program is one of the many initiatives
to be taken forward in leading towards the vision," he said.
(Full
Story)
Developing
Democracy and Enhancing Governance a Key Theme of Chief
Executive's Policy Address (Oct 10, 2007)
In
his annual Policy Address, Hong Kong Chief Executive Mr.
Donald Tsang promised to develop democracy and promote excellence
in governance.
The
release of Mr. Tsang¡¦s Policy Address, the first of the
Third Term Government of the Hong Kong Special Administrative
Region (HKSAR), also coincided with the end of the three-month
public consultation on constitutional reform.
As
of October 10 afternoon, the HKSAR Government had received
more than 17,500 submissions, including more than 12,000
standard responses put to the Constitutional and Mainland
Affairs Bureau by various political parties and groups.
¡§During
the consultation period, the Government received thousands
of submissions and proposals from different sectors and
strata of the community," he said. "These views have expressed
thoroughly the community's pluralistic aspirations on democratic
development. I am particularly moved and encouraged by the
fact that the entire consultation has been conducted in
a rational and pragmatic manner." (Full
Story)
Chief
Executive Outlines New Direction for Hong Kong in Policy
Address (Oct 10, 2007)
Hong
Kong Chief Executive Mr. Donald Tsang, has outlined a new
direction for Hong Kong¡¦s development in his first Policy
Address of the Third Term Hong Kong Special Administrative
Region Government.
Speaking
at the Legislative Council, Mr. Tsang said he had full confidence
in the city¡¦s future.
¡§The
rise of our country brings new opportunities. It also ushers
in a new era for Hong Kong,¡¨ said Mr. Tsang in his Policy
Address entitled ¡¥A New Direction for Hong Kong¡¦.
¡§Over
the next five years, we need to cultivate a new spirit for
these new times. We need to become new Hongkongers, better
equipped to sustain developments in the new era,¡¨ he said.
¡§To capitalize on these opportunities, we all have to set
new goals. We need vision, but, more importantly, we need
practical plans to achieve that vision.¡¨
Mr.
Tsang set out three ¡¥guiding principles¡¦ to realize his
vision over the next five years:
-
Promoting economic development as a primary goal;
-
Promoting sustainable, balanced and diversified development;
and,
-
Enhance social harmony to facilitate social mobility,
help the poor, create job opportunities and promote a
caring culture in the community
The
Chief Executive advocated the concept of ¡¥Progressive Development¡¦
to achieve these goals.
(Full
Story)
Hong
Kong remains Asia's top city for international companies
Invest
Hong Kong said it was pleased to note that Hong Kong remained
the preferred city in Asia for overseas and Mainland companies,
according to the results of an annual survey released today
(October 2). At the same time, the Department cautioned
that more needed to be done to ensure Hong Kong¡¦s continued
competitiveness in the years ahead.
¡§Once again, Hong Kong is one of the most preferred locations
for overseas and Mainland companies managing their operations
in Asia Pacific. According to the survey results, of the
6,440 companies in Hong Kong representing parent companies
located outside Hong Kong, 3,890 are regional offices or
headquarters. This is an all-time high,¡¨ said the Director-General
of Investment Promotion, Mr Mike Rowse.
¡§For us at Invest Hong Kong, there is no better advertisement
for our city than companies which do their due diligence
and select Hong Kong as their primary office in the region,¡¨
Mr Rowse added.
Mr Rowse recognised that Hong Kong could not rest on its
laurels. ¡§We¡¦re at the heart of a competitive, high-growth
region and investors have more and more choices. What I¡¦m
hearing from the international chambers in Hong Kong and
during my trips overseas is that Hong Kong has three key
challenges ahead. We need to focus on the high cost of office
premises, on improving our air quality and on increasing
the number of international school places. The Government
is aware of these problems and is working to address them.¡¨
The results are based on the "Annual Survey of Companies
in Hong Kong Representing Parent Companies Located outside
Hong Kong" conducted by the Census and Statistics Department
of the Hong Kong SAR Government. (Full
Story)
Government
Welcomes Pilot Scheme for Mainland Individuals to Invest
Directly in Hong Kong Securities (August 20, 2007)
Hong
Kong Financial Secretary John Tsang and the Chief Executive
of the Hong Kong Monetary Authority (HKMA), Joseph Yam,
have welcomed the pilot scheme announced by the State Administration
of Foreign Exchange (SAFE) for Mainland individuals to invest
directly in securities in Hong Kong. Under the scheme, resident
individuals can use foreign currency funds of their own
or those converted from renminbi to invest in securities
listed on the Hong Kong Stock Exchange. (Full
Story)
Greater
Pearl River Delta Business Council Issues 2006-07 Annual
Report
The
Greater Pearl River Delta Business Council issued its third
annual report on its work for 2006-07 on July 31, 2007.
On the publication of the 2006-07 annual report, Hong Kong
Chief Executive said he was pleased to note that the Business
Council had put forth very constructive views on various
major co-operation items relating to Hong Kong/Guangdong
co-operation. He said participation of the private sector
was crucial to the development of Hong Kong and Guangdong,
and he looked forward to the continued efforts and contribution
made by the Business Council in promoting co-operation between
the two places. The annual report can be found on the Web
site: [www.cmab.gov.hk/en/issues/council_report_0607.htm]
Constitutional
Reform Green Paper Unveiled (July 11, 2007)
The
Hong Kong Special Administrative Region (HKSAR) government
today published a Green Paper on Constitutional Development
to consult the public on the models, roadmap and timetable
for electing the Chief Executive and for forming the Legislative
Council (LegCo) by universal suffrage - the ultimate aim
as provided under Hong Kong¡¦s mini-constitution, the Basic
Law. (Full
Story)
Greater
Pearl River Delta Business Council Publishes Study Report
(July 11, 2007)
The
Greater Pearl River Delta Business Council has today published
a study report on "The Impact of Mainland Processing
Trade Policy on Hong Kong".
Chairman
of the council, Dr. Victor Fung, said that starting from
the latter half of 2006, the Central Government had introduced
changes to the processing trade policy, which aimed at restricting
the production and export of high pollution, high energy
consumption and resource consumption products while encouraging
the upgrading and restructuring of processing trade at a
faster pace. (Full
Story)
Treasury
Markets Association to Launch Renminbi Bond Price Fixing
(July 11, 2007)
The
Treasury Markets Association (TMA) announced today that
it will launch a daily price fixing commencing July 12,
2007 for renminbi denominated bonds issued in Hong Kong.
The
introduction of the fixing will enhance the price transparency
of the renminbi bonds and facilitate the development of
the renminbi bond market in Hong Kong. The fixing will be
launched on the same day as the first renminbi bond is issued
in Hong Kong and will be extended to other new renminbi
bond issues in the future. (Full
Story)
Hong
Kong Remains Highly Attractive to Foreign Investors
(July 11, 2007)
Hong
Kong Chief Executive, Mr. Donald Tsang, thanked new overseas
and Mainland investors for their vote of confidence in Hong
Kong at a reception today for about 200 chief executive
officers and senior representatives of overseas and Mainland
companies that recently established a business presence
or expanded operations in Hong Kong. (Full
Story)
Shenzhen
Bay Port and Bridge to Commence Operation on July 1, 2007
(June 25, 2007)
The
Shenzhen Bay Port and the Shenzhen Bay Bridge - also known
as the Hong Kong-Shenzhen Western Corridor - will commence
operation on July 1, 2007.
"The
Shenzhen Bay Port will be officially opened after a ceremony
at noon on July 1, and passenger and cargo clearance facilities
will be opened for public use from 6pm," a spokesman
for the Hong Kong Special Administrative Region (HKSAR)
Government said today. (Full
Story)
HKSAR
Executive Council Membership Announced (June 25, 2007)
The
Chief Executive, Mr. Donald Tsang, tod
ay
announced the membership of the Executive Council (Exco)
for the third term Hong Kong Special Administrative Region
Government.
The
new Exco comprises all 15 Principal Officials appointed
under the accountability system and 16 non-official members.
Their term will take effect on July 1.
The
16 non-official members are Mr. Leung Chun-ying, Mr. Tsang
Yok-sing, Mr. Cheng Yiu-tong, Mr. Andrew Liao, Mrs. Selina
Chow, Mrs. Laura Cha, Mr. Bernard Chan, Mr. Rafael Hui,
Mr. Charles Lee, Mr. Ronald Arculli, Dr. David Li, Dr. Leong
Che-hung, Dr. Marvin Cheung, Mr. Henry Fan, Mr. Victor Lo
and Professor Anthony Cheung. (Full
Story)
New
Team of Principal Officials Appointed (June 25, 2007)
The
Central People's Government, on the nomination of the Chief
Executive, Mr. Donald Tsang, approved the appointments of
Principal Officials of the Third Term of the Hong Kong Special
Administrative Region (HKSAR) Government on June 23.
Commenting
on the appointments, the Chief Executive said that he believed
the professional, pragmatic and committed new team would
single-mindedly work with him to deliver on the pledges
he made in his election platform.
"The
appointments include incumbent Principal Officials and several
new faces. This will help us to ensure stability and continuity,
as well as add some new blood to our governing team. All
members of my new team have displayed in their work a strong
sense of pragmatism that I promote," the Chief Executive
said.
"While
their backgrounds are diverse, the three Secretaries and
12 Directors of Bureaus share a common commitment to our
country, our territory and our people. Importantly, they
share my governing philosophy. Given their talents and abilities,
they are the best candidates for these senior positions.
Together, they will make a great team." (Full
Story)
Chief
Executive's Hong Kong Letter (June 18, 2007)
Following
is the translation of the "Hong Kong Letter - Just
because you are here" by the Chief Executive of the
Hong Kong Special Administrative Region, Mr. Donald Tsang,
broadcast on Radio Television Hong Kong:
Fellow
citizens,
This
year, we celebrate the 10th anniversary of Hong Kong's
reunification with the motherland. Ten years is a significant
period of time. Looking back over the past decade, Hong
Kong people will have different thoughts and recount different
experiences. So today, I would like to share with you
my own feelings about these past 10 years.
My
feelings are a mix of joy and grief. The past decade has
been full of challenges. As Premier Wen Jiabao puts it,
since our return to the motherland 10 years ago, Hong
Kong has taken a truly extraordinary path. We have encountered
unprecedented difficulties : the Asian financial turmoil,
avian influenza, SARS, to name a few. None of these were
resolved by referring to previous experience, or by following
quick-fix solutions. The journey has been long and tough,
but ultimately we weathered all these crises... (Full
story)
CEPA
Benefits Hong Kong Economy and Business Enterprises (June
12, 2007)
The
Mainland and Hong Kong Closer Economic Partnership Arrangement
(CEPA) continues to bring benefits to both business enterprises
and the Hong Kong economy as a whole, according to the Administration¡¦s
second study on the CEPA¡¦s economic impact.
The
report of the study, which covers trade in goods, trade
in services and the Individual Visit Scheme (IVS), has been
submitted to the Legislative Council¡¦s Panel on Commerce
and Industry.
The
report sets out findings on the economic impact of CEPA
liberalization measures implemented between 2004 and 2006,
and also made forecast of the CEPA¡¦s impact on the Hong
Kong economy in 2007 and beyond. (Full
story)
Hong
Kong Hosts Chief Justices of Asia and the Pacific Conference
(June 4, 2007)
The
12th Conference of Chief Justices of Asia and the Pacific
opened on June 4 with comments from Hong Kong¡¦s Honorable
Chief Justice Mr. Andrew Kwok-nang Li on the effect of the
¡§One Country, Two Systems¡¨ principle on the legal system.
The biennial conference, which gathers 29 chief justices
from jurisdictions across Asia, is hosted by the Judiciary
of the HKSAR and takes place in Hong Kong for the first
time. Participants will also attend the 20th LAWASIA Biennial
Conference on June 6, hosted by the Law Society of Hong
Kong.
In
his remarks, Chief Justice Li declared that since the 1997
handover, Hong Kong¡¦s common law system has continued to
develop and thrive. Hong Kong still faces ¡§common problems
and challenges in the fair and effective administration
of justice,¡¨ but Chief Justice Li believes that great benefit
is derived from maintaining links and exchanges with other
jurisdictions via such forums. The conference, which runs
through June 7, focuses on the administration of justice
and the development of judicial systems in various Asian
jurisdictions.
Hong
Kong Chief Executive Announces Reorganization of Government
Secretariat (May 3, 2007)
Hong
Kong Chief Executive Mr. Donald Tsang announced today the
plan to reorganize the Government Secretariat which will
take effect from July 1, 2007.
Addressing
the Legislative Council (LegCo) on the reorganization plan,
the Chief Executive said that the reorganization served
two key objectives.
Firstly,
the reorganization aims to rationalize the distribution
of responsibilities between policy bureaux. Putting related
responsibilities under one bureau will help optimize the
synergy and enable the Government to sharpen its focus on
important and complex issues.
"Secondly,
this will better facilitate the Chief Executive to implement
the priority policy initiatives pledged during the Chief
Executive election to meet the opportunities and challenges
of Hong Kong ahead," said Mr. Tsang.
Pursuant
to the reorganization, there will be 12 bureaux, with the
net addition of one, being the Labour and Welfare Bureau,
after the reorganization. Each bureau will be headed by
a Director of Bureau. The setting up of the private office
of the additional Director of Bureau constitutes the only
net increase in civil service establishment. (Full Story)
Hong
Kong and California Renew MOU on Air Quality Management (April
3, 2007)
Hong
Kong Permanent Secretary for the Environment, Transport
and Works (Environment) Ms. Anissa Wong Sean-yee and the
Chairman of California Air Resources Board Dr. Robert F
Sawyer, today signed to renew a Memorandum of Understanding
(MOU) on collaboration between the Hong Kong Special Administrative
Region and California on air quality management.
The
previous MOU, signed in December 2002, has enhanced the
co-operation between the Hong Kong Environmental Protection
Department and the California Air Resources Board in the
effort to safeguard the air environment. Both the Department
and the Board have benefited from the strengthened collaboration
during the past five years through technical exchanges,
information sharing and visits covering the control of volatile
organic compounds, vehicle emissions and air pollution emission
modeling.
Under
the renewed MOU, both parties will continue the collaboration
and further exchange information, share experience and conduct
joint projects on air management practices and pollution
control technologies. Specific areas of co-operation will
include:
- strategies
of controlling air pollution
- ambient
air quality monitoring
- air
quality modeling, emission inventory and forecast
- motor
vehicle emission standards and control technology
- alternative
fuels for vehicles
- toxic
air pollutants
- ozone
depleting substances
- volatile
organic compounds
The
renewed MOU came into effect today and will remain valid
for five years.
(http://www.hketousa.gov.hk/usa/press/2007/apr07/040307.htm)
Return to Top
|
HKSAR
10th Anniversary Celebration (June 21, 2007)
|
To celebrate
the first decade of Hong Kong as a Special Administrative
Region, the Hong Kong Economic & Trade Office in San
Francisco co-organized a reception with the Hong Kong Association
of Southern California and Hong Kong Schools Alumni at the
Los Angeles Omni Hotel on Thursday, June 21, 2007.
|
|
In her speech,
Ms. Doris Cheung, HKETO San Francisco Director, shared some of
Hong Kong's remarkable achievements in the past ten years. In
addition to being the sixth largest stock market in the world
in terms of market capitalization, the leading asset management
centre in Asia, the world's top international cargo handling centre,
the sixth recipient of FDI in the world, Hong Kong also housed
regional operations for almost 4,000 overseas companies.
Behind Hong
Kong's economic success, rule of law, free flow of information,
capital and people, protection of rights and freedoms, a clean
and transparent government, and a level of playing for all are
the cornerstone of Hong Kong.
Click here
to view photo album or visit http://www.hketosf.gov.hk/sf/10th_anniversary.htm
for other HKSAR 10th anniversary celebration events.
WHY HONG
KONG, WHY NOW?
by Jack Maisano, HK Amcham President (April 6, 2006)
 |
At a
speaker luncheon held Thursday, April 6, 2006 at the Millennium
Biltmore Hotel in Los Angeles, Jack Maisano, President,
American Chamber of Commerce in Hong Kong, discussed on
business environment in Hong Kong and how U.S. companies
are doing there. This event was jointly organized by the
Hong Kong Association of Southern California and Hong Kong
Economic & Trade Office, San Francisco, and supported
by other trade organizations. (Full
Story)
|
Return to Top
"Hong
Kong: Turning China into Opportunity?by Peter Woo, HKTDC Chairman
(Los Angeles, March 27, 2006)
|


|
The pace
of change in China is unprecedented in world markets. Long
a major manufacturing center and exporter, China is now a
chief importer with consumer demand growing at blistering
pace. China is not a market to approach unprepared. Its size
and complexity require a heightened level of commitment and
a focused business entry strategy ?particularly for small
and mid-sized enterprises. At a networking lunch held Monday,
March 27, 2006 at the Omni Los Angeles hotel, Mr. Peter Woo,
Chairman of the Hong Kong Trade Development Council (HKTDC)
shared his vision on exploring opportunities in the mainland
Chinese market using the Hong Kong business platform. (Full
Story) |
Return to Top
Mike Rowse
Shares Inside Information on Hong Kong's Business Advantage (Newport
Beach, Feb 23, 2006)
 |
For
the most accurate assessment of Hong Kong as Asia's business
platform, who is more of an expert than the man who helped
set up over 200 hundred foreign companies there just last
year? Mike Rowse, Director-General of Invest Hong Kong,
will tell you that regardless of the nature of your business,
Hong Kong is the ideal hub for locating or expanding a regional
base - and he will have the inside statistics to back it
up. As part of a nationwide program promoting Hong Kong
as the "Engine of Growth and Risk Manager for China," Rowse
was the featured speaker at a complimentary luncheon held
by the HKASC, in conjunction with the Hong Kong Economic
and Trade Office in San Francisco, at the Marriott Newport
Beach Hotel & Spa on February 23. (Full
Story)
|
Return to Top
Hong Kong
Logistics Linchpin of the 21st Century (Long Beach, Jan 2006)
 |
With
28% of China's total international trade routed through
Hong Kong, at a luncheon program in Long Beach, Ms. Sandra
Lee, Permanent Secretary for Economic Development of the
Government of the Hong Kong Special Administrative Region,
presented the role of Hong Kong as an important logistics
hub for China and the region as well as a key player in
the global supply chain. (Full Story)
Return to Top
|
Online sourcing easier than ever
In April 2008,
the Hong Kong Trade Development Council revamped its online sourcing
platform at hktdc.com to boast advanced features and reinforcing
its position as a powerful platform for hassle-free sourcing from
quality suppliers. Some of the latest additions include: a more
powerful search engine providing precise product search, enhanced
descriptions for suppliers and products, an instant messaging
service for buyers to enjoy immediate customer service online,
credible supplier reference information providing third-party
checks and facts, in addition to better navigation, a user-friendly
design and a fresh new look and feel. Check it out today at http://www.hktdc.com/.
HKTDC Customized
Business Matching Service
Meeting the
needs of companies eager to explore the fast-growing China market,
the Hong Kong Trade Development Council (HKTDC) is providing the
"Premier Connect" - a customized business matching service provided
by a team of experienced specialists and backed by an extensive
database of 620,000 business contacts worldwide.
With this
service, HKTDC's team of specialists can perform individual research
and recommend up to three pre-screened matching Hong Kong partners
per enquiry along with full contact information, company profiles,
reasons for selection, any additional market information, all
in a customized report. Hong Kong partners may include suppliers,
agents, distributors, sales representatives, buyers, licensing
or joint-venture partners, and other strategic business partners
in Hong Kong and in the Chinese mainland through Hong Kong.
For additional
information, please visit http://info.hktdc.com/abouttdc/businessmatching.htm,
or talk to a Business Matching expert in Los Angeles by phone
1-213-622-3194 x 211 or by email.
Return to Top
Member
Feature - June 2009
|
FIRM:
Trader Pick
"We
are an independent market analysis, services to investors
who seeks investment opportunities"
CONTACT:
Andy Gouw BA, CTA
Fund Manager
Trader Pick
916 North First Street, Suite E
Alhambra, CA 91801
Phone: 626-731-1098
Email: support@traderpick.com
|
Member
Feature - September 2008
|
FIRM:
Marketing & Management Consulting
IN
BRIEF: MARKETING & MANAGEMENT CONSULTING is an international,
marketing consulting firm assisting companies and entrepreneurs
in developing new products and taking these products to
market. The company focuses on developing and executing
aggressive marketing programs in a variety of industries,
including Technology, E-commerce, Consumer Products &
Services, Industrial Manufacturing and Packaged Food Products.
Marketing
& Management Consulting provides less than full-time
and interim marketing personnel to support and supplement
an organization's marketing staff. Its experienced team
of senior marketing executives, product managers and other
creative personnel can quickly step-in to assist the on-site
marketing team to meet important deadlines and implement
strategic marketing programs.
AREAS
OF EXPERTISE: (Click here
to view complete company profile)
- Branding
& Positioning
- Internet
& E-Commerce Marketing
- Start
Up & Strategic Business Planning
- Product
Marketing . Product Development
- Advertising
. Promotions . Trade Show Development
- Competitive
Analysis . Marketing Analysis . Public Relations
CONTACT:
Lawrence Kirsch
Marketing & Management Consulting
2792 Southampton Road
Carlsbad, CA 92010
Phone: 760-845-1633
Email: Larry@LawrenceKirsch.com
www.LawrenceKirsch.com
|
Member
Feature - August 2008
|
FIRM:
THE ROBERTS COMPANY, LLC
IN
BRIEF: THE ROBERTS COMPANY, LLC specializes in the regulatory
compliance, risk management services, accounting, operations
and information technology practices, fraud prevention and
detection programs, and Corporate Governance. They help
clients to align internal controls and technology in support
of their client business. They apply practices in identifying
and managing the risks as part of an active approach towards
innovative solutions of complex business issues and compliance.
In
addition, THE ROBERTS COMPANY, LLC introduces a computerized
approach to interrogate business transactions and identify
data patterns associated with fraud situations, external
and internal audits, litigation cases and regularity compliance
requirements.
DOMESTIC
SERVICES: (Click here
to view complete line of services in PDF format, 65KB)
- Sarbanes-Oxley
Compliance Services
- Regulatory
Compliance Services
- Information
Technology Services
- Fraud
Deterrence Services
CONTACT:
Robert Putrus, PE, CMC, CFE
THE ROBERTS COMPANY, LLC
3394 Holly Oak Lane
Escondido, CA 92027
Tel: 760.550.2160
Fax: 760.839.2160
robertputrus@therobertsglobal.com
http://www.therobertsglobal.com/
Lee
Kum Kee Celebrates 120-Year Heritage of Excellence
with a New Production Plant in Los Angeles
|

LKK
celebrates its 120th Anniversary: from left: Mr. Cletus
Lau, Corporate Director - Corporate Affairs; Dr. Stephen
Lui, CEO; Mr. Man Tat Lee, Group Chairman; Mr. Eddy
Lee, Chairman; Ms. Winnie W. Huang, President, Americas.
|
Lee
Kum Kee is a globally recognized leader in the production
of high-quality Asian sauces and other food products.
We have a 120-year heritage of excellence and innovation,
beginning with our invention of oyster flavored sauce
in 1888. Lee Kum Kee has grown from a small family
company into an international corporation, and its
product range has expanded from oyster flavored sauce
to encompass a wide variety of gourmet sauces and
condiments such as soy sauce, chicken bouillon and
chili sauce. Today, the company distribution network
spans over 80 countries in 5 continents.
Recently,
Lee Kum Kee opened a new plant to accommodate the
growing needs of customers in North, South and Central
America. The new plant is an expansion to our already
well-equipped modern manufacturing headquarters in
Los Angeles. The new 100,000 square foot plant will
double the previous size and capacity. The new and
improved equipment and production methods ensure the
delivery of the highest quality goods throughout the
process, from raw materials, preparation and processing
to finished food products. (Full
Story)
|
Six
Decades of Cathay Pacific History Displayed at New SFO Airport
Museum Exhibition
|


|
The
origins and development of Cathay Pacific Airways
are commemorated in a new museum exhibition exploring
the airline¡¦s sixty-plus years of history. Presented
by San Francisco Airport Museums, Cathay Pacific Airways:
Six Decades of Service is on view from April 16 to
September 5, 2008 in the San Francisco Airport Commission
Aviation Library and Louis A. Turpen Aviation Museum
at San Francisco International Airport.
The
story of Cathay Pacific¡¦s growth from a small, Hong
Kong-based regional airline in 1946 to its current
status as a major international carrier with 120 destinations¡Xand
a reputation for impeccable passenger service¡Xis traced
through the artifacts chosen for the exhibition. Over
sixty-five historic photographs, examples of printed
materials, and three-dimensional objects are featured.
Cathay Pacific¡¦s fleet history is portrayed in fifteen
highly-detailed scale model aircraft from the Douglas
DC-3 and Boeing jetliners to the Airbus A340. Flight
attendant uniforms representing six decades of fashion
capture the airline¡¦s distinct style, while its commitment
to elegance and exceptional cuisine is evident in
the fine china and silver meal service wares created
for specialized menus that are on display. (Full
Story)
|
|
Member
Feature - July 2008
|
Outstanding
Individual Members
 |
Karen
Han is an internationally renowned Erhu virtuoso
who has performed with the Hollywood Bowl Orchestra,
The Los Angeles Philharmonic and other prestigious
orchestras worldwide. Karen Han's playing may be heard
on the soundtracks for the Joy Luck Club, Passion
of the Christ, Mulan II, Anna and the King, The Last
Emperor, Memoirs of a Geisha and Kung Fu Panda.
The
ancient two-stringed instrument, Erhu, is soulful,
expressive of feelings and very close to a woman voice.
With Erhu, Karen Han transforms music into love, peace
and beauty in life.
To
hear a sample of her music, to find out her latest
activities or to learn more about Karen Han, please
visit http://www.karenhan.com.
|
 |
Dr.
David Young, author of Special Organization,
was accredited with a PhD degree specializing in Sino-US
relations by the University of Peking in 2005. Prior
to his retirement, he was a successful entrepreneur
in Hong Kong with offices in Hong Kong and Los Angeles
as well as a factory in the Guangdong province in
China. He and his family moved to the United States
in the 1970s to realize his dream which became true
when he graduated from the California Polytechnic
University in 1994. With special permission of the
Education Department of the People's Republic of China
in 2000, he was also admitted into the History School
of the University of Peking to pursue for his PhD
degree at the age of 65. (At that time, the upper
limit of admission age to any PhD program in China
was 45, and 55 for recognized scholars.)
Dr.
Young's latest book, Special Organization,
focuses on the normalization of relationship between
China and the U.S.A. The book is not available for
sale in the U.S.A. but it will be available in the
Los Angeles Public Library in August under call no.
Ch 327.73051 Y22.
|
|
Member
Feature - December 2007
|
FIRM: Los Angeles Business TV
Los
Angeles Business TV is a business resource portal
for small to medium size businesses.
Los
Angeles Business TV is delivered right to your computer.
It's a comprehensive business resource on the Internet.
Los
Angeles Business TV features a series of weekly and
updated interviews with businesses promoting and talking
about what the business has to offer, point of difference
from other similar businesses, the history of the
business from the beginning to now and the plans for
the future.
In
other words we discover the success stories that fail
to make mainstream media and introduce them to the
business community.
The
program.
- Los
Angeles Business TV is filmed on location with a
visually enhancing backdrop. Whether it's in a busy
public place or a scenic and exhilarating location,
the interview is not only informative but also entertaining.
- This
week's Los Angeles Business TV was filmed at three
locations - 3rd Street Promenade in Santa Monica,
Marina Del Rey and at the Los Angeles Convention
Center providing the backdrop for exciting interviews
and an entertaining program.
The
benefits.
- The
guest is interviewed on Los Angeles Business TV.
Each guest receives a DVD and downloadable file
of the interview to be used for their own purposes.
Who
sees it?
- Besides
optimization of the site, we will partner with business
organizations to use Los Angeles Business TV as
a service for their customers and members.
Who
is behind Los Angeles Business TV.
- We
are a multimedia broadcasting company producing
quality business programs that are accessed via
the internet and reach a large business audience
throughout the US and Asia Pacific region. Please
visit www.businessnowasiapacific.com and www.franchisebusinessnow.com
The
cost.
- There
is a once only introductory fee of $1095.00
CONTACT:
For
more information simply contact us at info@businessnowasiapacific.com
|
|
Member
Feature - September 2007
|
FIRM: Chan Law Group
IN
BRIEF:
Based in Los Angeles , Chan Law Group is an
intellectual property and business law firm representing
leaders in industry, science, and technology throughout
the United States , China and the international community.
DOMESTIC
SERVICES: The firm¡¦s highly experienced and effective
attorneys specialize in the following practice areas:
- Patent
- Copyright
- Trademark
- Trade
secret
- Business
transactions
- Corporate
formation
- China
trade
- eCommerce
- Science
and technology
- Litigation
HONG
KONG / CHINA CONNECTION: Founder and chairman
Thomas T. Chan was lead counsel for the first Sino-US
PC software joint venture, and his precedent-setting
work in intellectual property law, China trade, encryption
software decontrol, and litigation has been widely
documented by the international news media. A frequent
lecturer and commentator in the media, academic and
government arenas, Mr. Chan is an expert on complex
litigation, legal strategy, negotiation, and strategic
business transactions, particularly involving intellectual
property and international trade.
CONTACT:
For additional information on Chan Law Group, please
call (213)-624-6560 or visit http://www.chanlaw.com.
|
| FIRM:
Procopio, Cory, Hargreaves & Savitch LLP
IN
BRIEF: One of San Diego's oldest and largest full
service law firms, Procopio, Cory, Hargreaves &
Savitch LLP provides comprehensive legal services
and specializes in the region's most important business
sectors for a range of local, national and international
clientele.
The
firm's extensive team of legal professionals specialize
in the following practice areas:
-
Technology
-
Corporate and Securities
-
Intellectual Property
-
Asia - The Emerging Market
-
Civil and Commercial Litigation
-
Tax and Financial Services
-
Construction and Real Estate
-
Environmental
-
Hospitality
-
Employment
-
Insolvency
-
Trusts and Estates
-
Appellate
HONG
KONG / CHINA CONNECTION: Attorney and partner
Kam W. Li counsels a wide range of U.S. and international
clients on intellectual property strategies, patent,
trademark and copyright protection , enforcement and
licensing, joint venture, and deployment of intellectual
capital and strategic partnering relationship. Mr.
Li appears frequently as a guest speaker at professional
conferences on intellectual property, international
transactions and technology deployment issues and
doing business in the Greater China region. Mr. Li
is the Senior Overseas Counsel for the IT Committee
of the Shanghai Bar and regularly lectures on law
and China business.
CONTACT:
For additional information on Procopio, Cory, Hargreaves
&
Savitch LLP, please contact Kam W. Li at (619)
515-3253, or
kwl@procopio.com; or view Mr. Li's profile at
http://www.procopio.com/profiles/attorney_detail.cfm?id=35.
|
|
Member
Feature - June/July 2007
|
FIRM:
Allied Intrade
Allied
Intrade is an OEM Manufacturers' Liaison since 1986
assisting U.S. companies with outsourcing of precision
plastic, metal parts and assemblies to pre-qualified
factories in China. Capabilities: CNC machining, die-casting,
sheet metal fabrication, waterproof enclosures (IP65),
plastic and magnesium injection molding, subassemblies
and turnkey. Markets
served: automotive, aerospace, industrial, telecommunication,
sensor and medical.
CONTACT:
Allied
Intrade Inc.
1535 Grand Avenue Ste B
San Marcos, CA 92078
Tel: 760 - 591 - 0188
Fax: 760 - 591 - 4090
Web: http://www.alliedintrade.com/
|
|
FIRM:
City of Riverside - Economic Development Department
IN
BRIEF: Riverside leads the Inland Empire region
in virtually every economic indicator, including population,
number of jobs and businesses, amount of office space,
taxable sales, assessed valuation, and bank deposits.
The Inland Empire, composed of Riverside and San Bernardino
Counties, is largely recognized as the fastest growing
region in California and the second fastest growing
region in the nation. The City of Riverside's Economic
Development Department is committed to stimulating
the local economy through the attraction, retention
and expansion of businesses in the community.
DOMESTIC
SERVICES:To achieve this goal, Economic Development
staff works aggressively to attract to Riverside high
quality firms that provide well-paying jobs for city
residents and increase the city's sales tax revenue.
Additionally, the staff assists with the growth and
expansion of local companies by connecting them with
vital resources and potential foreign trading partners.
HONG
KONG / CHINA CONNECTION: The City of Riverside
has historically held a sister-city relationship
with Jiangmen, China based on political and cultural
exchange, and the past few years have seen the growing
development of economic ties through an active International
Trade program that encourages local businesses to
seek import and export opportunities with foreign
enterprises. The City annually hosts two to three
trade missions from China with the intent of opening
new business markets/opportunities for Riverside companies.
CONTACT:
For additional information on the City of Riverside's
Economic Development Department, please contact Nathan
Freeman at (951) 534-7446, (951) 826-5744, or
nfreeman@riversideca.gov; or visit www.riversideca.gov/devdept.
|
|
FIRM:
Super Growth International Inc.
IN
BRIEF: Specializing in superior quality vitamins,
minerals, herbs, nutritional and dietary supplements,
skin care, personal care and specialty products,
Super Growth International Inc.¡¦s products are sold
worldwide. Super Growth¡¦s team of experts specializes
in the research, development and formulation of high-tech
nutraceutical, cosmeceutical and specialty products
that cater internationally to client needs and market
demands.
SERVICES:
Apart
from its Super Growth and other brand products, the
company provides:
- Private
label packaging or bulk orders to cater to different
needs
- Specialized
product formulation in consideration of health disorders
or skin care problems
- Product
formulation in conjunction with customers¡¦ own formulas
- Professional
health and beauty counseling
- Selective
manufacturer¡¦s representation and trading services
for the development and marketing of customer products
CONTACT:
For additional information on Super Growth International
Inc., please contact Paul Owen at (626) 369-8681
or info@supergrowth.com, or visit http://www.supergrowthusa.com/index.php.
|
|
Member
Feature - May 2007
|
FIRM:
CB Richard Ellis Group, Inc. (CBRE)
IN
BRIEF: A Fortune 1000 commercial real estate
services firm headquartered in Los Angeles, CBRE
serves real estate owners, investors and occupiers through
more than 350 offices worldwide. Its China Desk division
provides advice and service execution for Chinese-owned
companies entering the U.S. market and American companies
navigating the often complicated market of greater China
DOMESTIC
SERVICES:
- CBRE
| Melody firm - comprises capital market advisors
who provide debt and equity financing strategies for all
property types throughout North America
- Private
Equity Capital Advisory practice - designed to
facilitate solutions for under-capitalized or undervalued
middle-market NA businesses and work with partner investors
for middle-market business re-vitalization
- Valuation
& Advisory Services group - employs state-of-the-art
technology for prompt valuations turnaround; Cost
Segregation Group conducts non-intrusive studies
measuring commercial building values.
HONG
KONG / CHINA CONNECTION: Headed by Alice Yip, the
CBRE China Desk was established to meet
the growing need for sophisticated real estate services
for Chinese-owned firms in the U.S. and U.S. firms abroad.
Experts along its extensive service line guide clients toward
a smooth transition into a different market by identifying
and limiting exposure to potentially costly real estate
decisions.
CONTACT:
For additional information on CBRE, its investment-related
services and the China Desk, please contact Alice
Yip at (310) 516-2431 or alice.yip@cbre.com, or visit
www.cbre.com/alice.yip. |
|
FIRM:
Silver Oak Wealth Advisors, LLC
IN
BRIEF: Serving as personal financial strategist
to high-net-worth families, Silver Oak Wealth Advisors LLC
provides independent and objective advice on all decisions
affecting the preservation and enjoyment of wealth. Its
fee-only business model is designed to be free of conflicts
of interest and to focus on creating value in professional
client relationships. President Joel Framson has been continually
recognized by Worth magazine as one of the nation¡¦s
top 100 wealth advisors.
DOMESTIC
SERVICES:
- Investment
Management
- Family
Wealth Coordination
- Retirement
Planning
- Income
and Estate Tax Planning
- Life
Transitions and Planning
- Insurance/Risk
Management
- Business
Counseling
HONG
KONG / CHINA CONNECTION: With language
capabilities and a cultural understanding of the
Hong Kong/China community, Silver Oak seeks to deliver total
wealth management solutions for individual clients, allowing
them to focus on their core business or personal lives with
greater security and peace of mind.
CONTACT:
For additional information on Silver Oak and its services,
please contact Vice President Linda Cao
at (310) 443-0220 or lcao@silveroakwa.com, or visit www.silveroakwa.com.
|
|
FIRM:
Prague Street Advisers
IN
BRIEF: Providing investment advising and
financial planning for individuals and small businesses,
Prague Street Advisers specializes in issues facing expatriates.
DOMESTIC
SERVICES:
- Investment
Advice
- Financial
Planning
- Asset
Allocation
- Investment
Management
- Accounts
and Plans Setup
- Tax
and Estate Planning
HONG
KONG / CHINA CONNECTION: Emphasis on services for
expatriates, Americans living overseas or Chinese
in the U.S. The firm is aware of the issues facing
customers with assets in the new and old worlds.
CONTACT:
For additional information on Prague Street Advisers and
its services, please contact Principal Jonathan
Gat at (323) 852 6139 or jgat@praguestreetadvisers.com,
or visit www.praguestreetadvisers.com.
|
| FIRM:
Comerica Bank
IN
BRIEF:A subsidiary of Comerica Incorporated, Comerica
Bank is a Fortune 500 financial services company strategically
aligned into three major business segments: the Business
Bank, the Retail Bank, and Wealth & Institutional Management.
Comerica provides a full array of banking services that
assist U.S. companies domestically and internationally.
DOMESTIC
SERVICES:
- Business
Bank - provides companies with a complete spectrum
of credit and non-credit financial products and services
including cash management, trust and international trade.
- Retail
Bank - delivers personalized financial products
and services to consumers, entrepreneurs and small businesses
through banking centers, Web banking, telephone banking
and ATMs.
- Wealth
and Institutional Management - serves affluent
clients, foundations and corporations through Private
Banking, Comerica Securities, Comerica Insurance, Personal
Trust, Strategic Alliances, Institutional Trust, Retirement
Services, Comerica Asset Management, World Asset Management
and Wilson Kemp.
HONG
KONG / CHINA CONNECTION: Comerica Bank's Shanghai
representative office provides concierge-type services for
U.S. businesses interested in doing business in China, its
International Finance division provides banking services
to foreign-owned companies conducting business in the U.S.,
and its International Trade Finance group provides letters
of credit services.
CONTACT:
- Commercial
banking services: Mark Campbell at (562) 463-6515 or Julie
Yen at (562) 463-6518
- Shanghai
representative office: Helen Huang at 21-5882-6980 or
helen_huang@comerica.com
- International
Finance division: Hank Miller at (714) 433-3229 or Grace
Li at (562) 463-6517.
- International
Trade Finance group: Glenn Colville at (925) 941-1931
or Peter Knudsen at (310) 297-2849.
|
| FIRM:
The Commercial Finance Group (CFG)
IN
BRIEF: Providing cash flow services to small businesses
with annual sales ranging from $120,000 to $25 million,
CFG offers flexible underwriting standards and work in conjunction
with banks to strengthen banking relationships and build
"bankability." Typical clients include start-ups, companies
with negative or minimal net worth, business that may be
experiencing tax or bankruptcy issues, or that may have
been turned down for traditional bank financing.
DOMESTIC
SERVICES:
- PrimeLine
- a prime-rate-plus cash-flow financing product for qualifying
companies.
- Accounts
Receivable Financing - customized A/R Financing or
Factoring programs.
- Accounts
Receivable Management - works in conjunction with
a bank's line of credit and offers an effective, professional
and timely service through which the bank can monitor
and control their collateral position.
- Non-Notification
Financing - A/R Financing & Factoring facilities provide
confidentiality in customer communication.
HONG
KONG / CHINA CONNECTION: CFG has offices throughout
the U.S., Canada, Europe, and Australia offering customized
cash flow solutions, A/R management supported by 24/7 real
time online reporting, emailable updates, accounts receivable
management and ongoing debtor credit evaluation.
CONTACT:
For additional information on the Commercial Finance Group
and its services, please call Terry Gubatan at (818) 288-5088
or visit www.cfgroup.net/.
|
| FIRM:
Janas Associates
IN
BRIEF: Founded in 1989, Janas Associates is a firm of
dedicated professionals who bring financial and managerial
value to middle market companies and divisions of major
companies through mergers and acquisitions, corporate
finance and management consulting.
DOMESTIC
SERVICES:
- Mergers
and acquisitions - Sale of businesses, merger and
buy side acquisitions, rollup strategies and implementation.
- Corporate
finance - Institutional equity sourcing, financial
structuring and loan sourcing and structuring.
- Management
consulting - Enterprise value estimates, acquisition
and exit strategies, growth by acquisition planning.
- Consulting
support ¡V Company acquisition and sales, management
buy-out plans, growth by acquisition plans, expansion
or working capital acquisition.
HONG
KONG / CHINA CONNECTION: Janas Associates works via
strategic alliances to offer similar services to firms in
Hong Kong, mainland China and Asia Pacific countries.
CONTACT:
For additional information on Janas Associates and its services,
please contact Asia Pacific Chairman Kern Kwong at (626)
432-7000 or kk@janascorp.com, or visit www.janascorp.com.
|
| FIRM:
Morgan Stanley
IN
BRIEF: Founded in 1935, financial services company Morgan
Stanley serves corporations, governments, financial institutions,
and individuals through its subsidiaries and affiliates
worldwide. The company has a strategic alliance with Avenue
Capital Group and operates in four segments: Institutional
Securities, Global Wealth Management Group, Asset Management,
and Discover.
DOMESTIC
SERVICES:
- Institutional
Securities - capital raising, financial advisory services,
corporate lending, sales, trading, financing and market-making
activities.
- Global
Wealth Management Group - brokerage and investment
advisory services covering various investment alternatives.
- Asset
Management - asset management products and services in
equity, fixed income, and alternative investments and
private equity.
- Discover
- credit cards and related consumer products and services,
merchant and cash access network, ATM and electronic funds
transfer network, and various consumer finance products
and services.
HONG
KONG / CHINA CONNECTION: With two representative offices
in mainland China and an Asia Pacific regional office in
Hong Kong, Morgan Stanley provides a wide range of services
to both domestic and international clients.
CONTACT:
For additional information on Morgan Stanley and its services,
please contact Wealth Advisor Tracy Chen at (714) 990-5293
or tracy.chen@morganstanley.com, or visit www.morganstanley.com/index.html.
|
Beijing Olympic Float brings new inspirations to Rose Parade in Los Angeles
With generous contribution
by Avery Dennison, HKASC Vice President Grace Chew on behalf of
the Association and members of the Roundtable of Southern California
Chinese American Organizations Founders Circle, the Beijing Olympic
Float made an impressive appearance at the renowned Pasadena Tournament
of Rose Parade on January 1, 2008. (Full
Story)
Granting
of Banking License to Cathay Bank (April 10, 2007)
The Hong Kong
Monetary Authority announced that it has granted a banking license
to Cathay Bank (CB) under the Banking Ordinance. The granting of
this banking license took effect on April 4, 2007.
Cathay Bank
is a California State-chartered bank and a wholly owned subsidiary
of Cathay General Bancorp (Bancorp). According to the July 2006
issue of The Banker, Bancorp is the 116th largest banking group
in the U.S. and the 680th largest banking group in the world in
terms of total assets.
After the
granting of a banking license to CB, the number of licensed banks
in Hong Kong has increased to 138.
Founded in
1962, Cathay Bank is the first Chinese-American Commercial bank
in Southern California with a network covering California, Washington,
Texas, Massachusetts, and New York. Overseas, it has a presence
in three important commercial centers in the Asia Pacific Rim
- Taipei, Shanghai, and Hong Kong. With over $7 billion in assets,
Cathay Bank is now one of the largest commercial banks headquarters
in Southern California. Its personal and commercial services include
a variety of deposit plans, financing services (trade, asset-based,
real estate and construction), investment planning, and electronic
banking.
World-class
California Industrial City Underway in Zhengzhou
Industrial
parks have been an integral part of China's economic boom of the
past two decades, and the movement of industrialization in the
mainland beyond the coastal economic region has propelled an increase
in the development of industrial complexes in the interior. Planning
for a state-of-the-art industrial park is under way in Henan,
China's most populous province, and for the past few months, HKASC
member Glenn Boggs has been working in connection with the project
in the mainland. Currently in its planning stages, the "California
Industrial City," as the industrial complex will be called, will
create in Henan's capital of Zhengzhou what Boggs describes as
a "world-class manufacturing and production development that sets
the new standard for China and the world." (Full story)
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