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Événements à venir / Events to come
How would you like a complimentary registration (worth $800!) to attend the Asian Financial Forum in January?
Thanks to our partner HKTDC, HKCBA Montreal has been given complimentary registrations to this prestigious event!
Please note, this special promotion is only available to members of HKCBA Montreal. To become a member, click here. If you are already a member and want to take advantage of this opportunity, email Caroline Charbonneau as soon as possible.
Registrations will be allocated on a first-come, first-serve basis so don't delay. Contact us today.
Caroline Charbonneau, 514-931-6333, montreal@hkcba.com
Aimeriez-vous profitez d'une inscription gratuite (d'une valeur de 800$) pour assister au Forum Financier Asiatique en Janvier?
Grâce à notre partenaire HKTDC, l'ACHKC Montréal a reçu le droit à des inscriptions gratuite pour ce prestigieux événement!
Veuillez noter que cette offre n'est offerte qu'aux membres ACHKC Montreal. Pour devenir membre, cliquez ici. Si vous êtes déjà un membre et que vous désirez profitez de cet avantage, contactez Caroline Charbonneau dès que possible.
Les inscriptions seront distribuées sur une base du premier arrivé premier servi alors NE TARDEZ PAS! Contactez-nous aujourd'hui.
Caroline Charbonneau, 514-931-6333, montreal@hkcba.com
Veuillez noter que ce Forum sera unilingue anglophone.
Asian Financial Forum
Hong Kong Convention and Exhibition Centre - January 16 - 17, 2012
The annual AFF, co-organized by the Hong Kong SAR (Special Administrative Region) Government and the Hong Kong Trade Development Council (HKTDC), brings together the most influential leaders in the global financial community to share their insights on the dynamic trends in Asian markets with the delegates who can also expand their contact network and discuss business and investment opportunities. The inaugural AFF was staged in September 2007 to celebrate the 10th anniversary of the establishment of the Hong Kong SAR. The 4 AFF, in January 2011, attracted close to 1,800 participants (with 80 Canadian delegates) and 461 journalists from 32 countries and regions.
The AFF, scheduled for January 16 - 17, 2012, under the conference theme "Asia: Driving Sustainable Growth", will provide participants with insights on such issues as China's 12th Five-Year Programme and opportunities for overseas companies, the internationalization of the RMB, the sustained growth and investment opportunities in Asia and many other current topics. A unique deal-sourcing and matchmaking session, "AFF Deal Flow" session, will also provide interested delegates with pre-arranged one-on-one meetings with a view to matching sources of funds and sources of deals. Investment project owners, private equity firms, investors, and senior professionals from intermediaries are all welcome to join this session.
The Forum is a key event for any executive interested in positioning his firm to take advantage of the sustained recovery in Asian financial markets. The conference and its social events offer unique networking opportunities among delegates from around the world.
Canadian Financial Mission to Hong Kong for the Asian Financial Forum - January 15 - 20, 2012
The Investment Industry Association of Canada (IIAC), in partnership with The Hong Kong Trade Development Council (HKTDC) and The Hong Kong Economic and Trade Office (HKETO) in Canada would like to invite Canadian companies to join an upcoming Canadian Financial Mission to Hong Kong. This mission is also supported by The Consulate General of Canada in Hong Kong, The Hong Kong-Canada Business Association (HKCBA), The Canadian Chamber of Commerce in Hong Kong (CanCham HK) and The International Financial Centre British Columbia (IFC BC).
Major objectives of the Mission
To facilitate the delegates to leverage the Asian Financial Forum (AFF) to network with some of the most influential members of the global financial and business community, discuss developments and trends in the dynamic markets of Asia, as well as explore and capitalize on business and investment opportunities in China, the rest of Asia and Canada.
Who should join this Mission?
Canadian investment and commercial bankers, professionals in asset management, securities, venture capital, insurance, financing, capital & equity markets, pension funds and fund houses, and financial intermediaries; Heads, treasurers and senior executives of Canadian corporations; and Canadian companies with projects looking for investors
Participation Fee and Registration
The standard registration fee for the Asian Financial Forum 2012 is US$800. A limited number of complimentary Forum registrations are available for qualified "Canada-based" delegates, maximum of one complimentary registration per company, first-come-first-served;
Participation in the additional value-adding programmes in Hong Kong is complimentary, and participation in the side trip to the Chinese Mainland is at cost; and
Delegates are responsible for their respective airfares, hotel accommodation and incidental expenses
Major activities of this Mission
Asian Financial Forum at the Hong Kong Convention and Exhibition Centre, January 16 - 17, 2012
Optional additional programmes in Hong Kong OR the Chinese Mainland for AFF delegates from overseas and the Chinese Mainland
Additional programme exclusively for the Canadian delegates only, January 19, 2012 and morning of January 20, 2012
Registration to this Mission
To register, please contact Caroline Charbonneau as soon as possible.
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A VENIR / TO COME
Thursday February 2nd, 2012
The Montreal Museum of Fine Arts, 1380 rue Sherbrooke West, Montréal
The celebration will start with a cocktail at 6 p.m. It will be followed by a traditional Chinese dinner, a Lion Dance, a quiz on China and the Chinese culture and other surprises.
Prices:
Members - $109
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Non-members - $139
(119$ if reserved and paid before dec 31, 2011)
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$1,500 for a "Sponsor corporate" table of 10
(1,400$ if reserved and paid before Dec 31, 2011)
Corporate Sponsors will have their logo in a presentation shown on a large screen all night and will be mentioned in our program
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Number of seats is limited. Register soon.
Interested to join the group of sponsors for the Gala? Have questions?
Contact us at montreal@hkcba.com
NOUVELLES AUX MEMBRES / NEWS TO MEMBERS
IP Means Business - Hong Kong
Article from HKTDC Hong Kong Trader, Dec 2011
Hong Kong’s growing role as an IP middleman and regional IP services hub is underscored by the Chinese mainland’s drive to build an IP economy. More than 700 professionals from around the world took part in Hong Kong’s inaugural intellectual property (IP) forum, focusing on the city’s strengths as an emerging regional IP trading hub.
Organised by the Hong Kong Trade Development Council (HKTDC) and the Hong Kong Design Centre, the event, held 2 December at the Hong Kong Convention and Exhibition Centre, brought together IP professionals and government officials to discuss the latest developments in Asia’s IP market.
Huge Demand
“Hong Kong’s proximity to the booming Chinese mainland market creates huge demand for overseas IP,” said Margaret Fong, HKTDC Deputy Executive Director, speaking at the event’s opening. “And mainland-based IP owners are increasingly looking for IP specialists to help take their business global. Hong Kong is where they turn to,” she said.
Experts agreed that IP gives businesses a competitive edge, while serving as a form of currency and reliable revenue generator. “IP is closely linked to economic growth,” said Andrew Liao, Practicing Senior Counsel. “It’s the Cinderella of the new economy,” he added.
“Patents and IP are like chips in a knowledge economy,” said Dr Jacqueline Lui, President of the Hong Kong Institute of Patent Practitioners. “If you don’t have your own secure IP, you cannot be a player in the new knowledge economy.”
Read more
3 questions à Jianwei Zhang, président de Bombardier Chine
Les Affaires - Les multinationales doivent- elles avoir une stratégie en Occident et une autre en Chine ?
Jianwei Zhang - Il est difficile de mener plusieurs stratégies de produit lorsque vous fabriquez un bien mondial comme des avions. Par contre, il est possible de mener plusieurs stratégies de marketing selon le marché.
L.A. - Quand la Chine aura-t-elle ses propres multinationales ?
J.Z. - Dans plusieurs secteurs, c'est presque fait. Certaines sociétés chinoises sont déjà des acteurs importants, sur le marché tant local qu'international. Dans l'équipement ferroviaire, par exemple, CSR et CNR comptent déjà parmi les manufacturiers les plus importants. Et la Chine est un fournisseur de premier plan de composants pour l'industrie aérospatiale occidentale. Elle n'en restera pas là. Avec ses séries AJR21-700, C919 et MA, elle passera de fournisseur de pièces à manufacturier d'avions.
L.A. - Le modèle d'affaires des multinationales des pays émergents diffère-t-il de celui des multinationales des pays occidentaux ?
J.Z. - Oui. Les multinationales traditionnelles reposent sur l'investissement direct étranger. Elles possèdent leur technologie, leur expertise et leurs marques. Dans les pays émergents, certaines multinationales adoptent plutôt un modèle reposant sur les acquisitions. Ces entreprises ne sont pas nécessairement propriétaires de leur technologie et de leurs marques. D.B.
Éthique «Nous n'adaptons pas notre éthique à celle de la Chine, affirme Liping Xie, directeur général d'UTC Aerospace Chine. Nous nous attendons à ce que la Chine adapte son éthique à la nôtre. [pause] Disons que je suis un optimiste...»
Main-d'oeuvre
"Dans les pays émergents, les entreprises étrangères apprennent à collaborer avec les maisons d'enseignement locales pour améliorer le système d'éducation. Mais cela ne suffit pas. Il faut aussi prévoir des stages de perfectionnement à l'étranger. Chaque année, le dirigeant d'UTC Aerospace Chine, Liping Xie, choisit jusqu'à cinq candidats et il les envoie suivre une formation en administration à Hong Kong, à Montréal ou à Varsovie.
From Crisis to Opportunity
Article from HKTDC, Hong Kong Trader, Dec 2011
Peter J Levesque
Peter Levesque is Chief Commercial Officer of Modern Terminals, Hong Kong’s oldest container operator. With operations in Hong Kong, the company also operates terminals in Dachan Bay in the Western Pearl River Delta and the Port of Taicang in the Yangtze River Delta.
With more than 20 years of international transportation and logistics experience, Mr Levesque has served as Senior Vice President for CEVA Logistics, and Regional Vice President for DHL's International Supply Chain Group before joining Modern Terminals. In 2000, he co-founded V-Logic Ltd, a niche 3PL company based in Hong Kong. Mr Levesque is the author of The Shipping Point: The Rise of China and The Future of Retail Supply Chain Management, which was published in June.
Mr Levesque was among 29 speakers at the Asian Logistics and Maritime Conference held at the Hong Kong Convention and Exhibition Centre last month. More than 500 logistics and maritime players from 15 countries and regions took part in the event to hear about global trends in logistics, supply chain management, procurement and maritime, as well as opportunities under China’s 12th Five-Year Programme. In Six Questions, Mr Levesque suggests ways the maritime industry can better weather the cyclical downturns in the business.
1- What has 2011 been like for the port industry?
2- Is this just a short-term challenge or do you see underlying problems?
3- How do you think the industry should go about it?
4- How will the development of China affect the port industry?
5- How do you see this already happening?
6- Where do Hong Kong’s advantages fit into this?
Read his answers
La réduction d’impôt d’un million de yuans
Caijing Magazine publié le 21 novembre, No. 28 2011
Rédacteur :Christine, Yu CHEN
La croissance économique accélérée de la Chine fait l’envie du monde depuis longtemps, mais les impôts augmentent beaucoup plus rapidement que le PIB. Cette année, les revenus fiscaux des gouvernements locaux continuent de monter en flèche, les recettes financières sur les trois premiers trimestres atteignent déjà le montant de l’année dernière, et il n’y a pas de doute qu’à la fin d’année, il dépassera 10 000 milliards de yuans.
Récemment, un rapport du magazine Forbes “2009 Tax Misery Report” a signalé que la pression fiscale chinoise est la deuxième plus élevée au monde, battu seulement par la France. Ce qui a suscité de vives controverses entre le gouvernement et les milieux professionnels. Après des calculs effectués par différentes parties, les experts ont estimé qu’il était impossible que les charges fiscales globales de la Chine soient inférieures au niveau moyen mondial. Les contradictions sur la pression fiscale entre le gouvernement chinois et les milieux non-gouvernementaux reflètent aussi des divergences conceptuelles : grâce à des impôts élevés, le gouvernement dispose d’une marge de manœuvre pour accorder des avantages fiscaux à certains groupes, tandis que les milieux non-gouvernementaux souhaiteraient des impôts plus faibles.
Mais la pratique prouve que si la pression fiscale légale est très élevée ou qu’il existe une grande distance entre le niveau légal et la fiscalité réelle, les mécanismes et mesures fiscaux sont plus exposés au risque d’inefficacité et l’établissement d’un mécanisme d’augmentation des ressources fiscales garanti par la loi progresse plus difficilement. Les résultats de la régulation fiscale du gouvernement central sont aussi influencés par la perception et la gestion réelle des impôts au niveau local.
Pour mieux garantir l’efficacité des politiques fiscales, il est nécessaire de baisser le tarif légal, de réduire la distance qui le sépare des charges fiscales réelles, d’éviter le fait que l’efficacité des politiques fiscales soit neutralisé par la perception réelle et de faire jouer le rôle fondamental du marché dans la répartition des ressources, afin de réaliser l’objectif de baisser les impôts pour favoriser la croissance.
Actuellement, la plupart des mesures de réduction d’impôts sont promulguées selon une seule politique et ne favorisent qu’une partie des contribuables. Afin de multiplier les bénéficiaires et de stimuler effectivement le développement économique, il est nécessaire d’envisager, le plus vite possible, une réduction structurelle des impôts de centaines de milliards de yuans et d’optimiser les mécanismes fiscaux. Toutes ces mesures permettront de réduire effectivement les charges fiscales des groupes à faibles et moyens revenus et des PME et à garantir le développement durable de l’économie et de la société.
ISSUES IN CANADA-CHINA RELATIONS
Edited by Pitman B. Potter with Thomas Adams
For CIC, Canadian International Council
PREFACE
Bilateral relations with the People’s Republic of China involve matters of great strategic interest to Canada. Recent changes in the frequency of high level visits; the effect, style and content of bilateral communications; and perspectives held by various sectors in each country about the other all suggest that the Canada-China relationship has changed significantly in recent years. China remains vitally important to Canada for a variety of reasons and in a variety of sectors. Political and diplomatic cooperation on issues of direct bilateral concern and also on issues of global import remains critically important. Commercial and trade ties linking Canada with the world’s second largest and fastest growing economy are of obvious significance. Cultural and civil society ties, including immigration patterns and the ancillary effects they generate, are also important. While the diversity of links between Canada and China militates in favour of giving due attention to a multiplicity of sub-national business, academic, and civil society links, bilateral cooperation at the federal/central government level remains essential. Thus, the present conditions and future implications of relations with China should continue to command attention from Canadians.
Read the report
Green Building Showcase
Article from HKTDc Hong Kong Trader, Dec 2011
Located in Kowloon Bay, Hong Kong’s first zero carbon building will be a showcase of state-of-the-art eco-building design and technology and a role model for the region. Developed by the Construction Industry Council (CIC) in collaboration with the Hong Kong Government’s Development Bureau, the project was launched last month with completion expected in 2012.
The project covers all aspects of a low-carbon lifestyle, incorporating functioning eco-offices, a showcase eco-home, an eco-garden, and Hong Kong’s first urban woodland. A permanent display of zero carbon design ideas and technology will serve as a showcase for the construction industry globally, while an outdoor exhibition area will help to raise community awareness of sustainable living.
Read more
Pressure on Prices
Article from HKTDc Hong Kong Trader, Nov 2011
Hong Kong manufacturers are facing a double whammy. With the European Union mired in its sovereign debt crisis and looming worries about a double dip for the United States economy, export growth is set to moderate in the coming months.
Pressure on production costs, meanwhile, remains high. Export prices are rising, but they’re not keeping pace with rising production costs. The scenario translates into thinner margins for exporters.
While certain material costs have been adjusted recently, they’re still much higher compared to a year ago. Furthermore, fluctuations in input prices, such as oil and cotton, may cause uncertainties to production plans.
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Labour Shortages Ease
With highly volatile commodity prices now a worldwide phenomenon, other cost issues are more acute on the Chinese mainland. Manufacturers operating in the Pearl River Delta (PRD) region continue to face the challenge of labour shortages. However, according to a survey by the Chinese Manufacturers’ Association of Hong Kong, the rate of unfilled vacancies among manufacturers operating in the PRD moderated to 11.2 per cent in March 2011 from more than 20 per cent a year previously.
To tackle the problem, the most commonly adopted tactics are raising wages and improving employee benefits. The continuing wage rise is partly a result of government initiatives. In 2010, 30 provinces and municipal cities raised the minimum wage levels by an average of 22.8 per cent. The trend continues into 2011, when 18 provinces and municipal cities have already raised minimum wages, most of them over 20 per cent in the first half of the year.
Read more
A ÊTRE ENTENDU / TO BE HEARD
Logistics in Hong Kong's DNA
Video Interview with Jim Thompson, Chairman Crown Worldwide Holdings
View the interview
Devrions-nous craindre la Chine?
Émission Bazzo TV: Loïc Tassé, sinologue et politologue, UdeM et Jean-Francois Lépine journaliste à Radio-Canada commentent.
Voir l'émission
Percer le marché chinois
Radio-Canada: L'après-midi porte conseil. Une table ronde avec les 3 experts suivants:
Simon Prévost, Président Manufacturiers et exportateurs au Qc
Chia-Yi Tong, Présidente Orchimédia
Vincent Dubois, Cofondateur Cogiscan
Entendre l'entrevue
FOIRES & MISSIONS COMMERCIALES/ FAIRS & TRADE MISSIONS
The HKCBA is co-organizing with HKTDC, HKETO and HKTB the following Canadian trade missions to Hong Kong :
ACHKC co-organise avec HKTDC, HKETO et HKTB les missions canadiennes à Hong Kong suivantes :
Jan 9 – 11, 2012
Canadian Buying Mission to Hong Kong Licensing Show
(http://hklicensingshow.hktdc.com/)
Jan 9 – 12, 2012
Canadian Buying Mission to Hong Kong Toys & Games Fair
(http://hktoyfair.hktdc.com/)
Jan 9 – 12, 2012
Canadian Buying Mission to Hong Kong Baby Products Fair
(http://hkbabyfair.hktdc.com/index.htm)
Jan 9 – 12, 2012
Canadian Buying Mission to Hong Kong International Stationery Fair
(http://hkstationeryfair.hktdc.com/)
Jan 15 – 19, 2012
Canadian Financial Delegation to Asian Financial Forum 2012
(January 16 – 17, 2012) and additional programme
(http://www.asianfinancialforum.com/en/index_en.htm)
Jan 16 – 19, 2012
Canadian Buying Mission to Hong Kong Fashion Week for
Fall/Winter (http://hkfashionweekfw.hktdc.com/)
Jan 16 – 19, 2012
Canadian Buying Mission to World Boutique, Hong Kong
(http://worldboutiquehk.hktdc.com/)
Feb 16 – 20, 2012
Canadian Buying Mission to Hong Kong International Jewellery
Show (http://hkjewellery.hktdc.com/)
March 2012
Canadian Film Delegation to Hong Kong Film & TV Market
(FILMART) (http://hkfilmart.hktdc.com/filmart/)
April 6 - 9, 2012
Canadian Buying Mission to Hong Kong International Lighting
Fair (Spring Edition) (http://hklightingfairse.hktdc.com/)
Apr 13 – 16, 2012
Canadian ICT Delegation to International ICT Expo
(http://ictexpo.hktdc.com/)
Apr 13 – 16, 2012
Canadian Buying Mission to Hong Kong Electronics Fair (Spring Edition) (http://hkelectronicsfairse.hktdc.com/)
Apr 20 – 23, 2012
Canadian Buying Mission to Hong Kong International Home
Textile Fair (http://hkhometextilesfair.hktdc.com/index.htm)
Apr 20 – 23, 2012
Canadian Buying Mission to Hong Kong Houseware Fair
(http://hkhousewarefair.hktdc.com/)
Apr 27 – 30, 2012
Canadian Buying Mission to Hong Kong Gifts & Premium Fair
(http://hkgiftspremiumfair.hktdc.com/)
Apr 27 – 30, 2012
Canadian Buying Mission to HK Int’l Printing & Packaging Fair
(http://hkprintpackfair.hktdc.com/)
For details of these trade missions, please contact
Pour plus de détails sur ces missions commerciales SVP contactez
Adrian Cheng @ adrian.ch.cheng@hktdc.org
Or/ou
Jill Chien @ jill.chien@hktdc.org of Hong Kong Trade Development Council Toronto Office (Tel: 416-366-3594)
THANKS TO OUR « GOLD MEMBERS » FOR THEIR CONTINUOUS SUPPORT
MERCI À NOS « MEMBRES OR » POUR LEUR SUPPORT CONTINU
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