Professional Documents
Culture Documents
May 2015
TURKEY
Urumqi
IRAQ
CHINA
IRAN
Xian
Basra
OMAN
Quanzhou
BANGLADESH
Khambhat
Guangzhou
INDIA
Arabian sea
Bay of Bengal
THAILAND
Kollam
South China Sea
Andaman sea
SRI LANKA
Banda Aceh
Belttung
INDONESIA
Indian Ocean
Financial Services
As Chinas major international financial
centre, and one of the worlds financial
capitals, Hong Kong has the experience,
the expertise and the connections to serve
this
Issue
3
4
5
6
7
8-15
16
2014
SILVER
Good Neighbours
Hong Kong is taking steps to strengthen trade and economic
relationships with its neighbours in Asia, with an aim to further
consolidate its role as the super-connector to the Mainland. The
city is negotiating a free-trade agreement with the Association
of Southeast Asian Nations and has concluded Investment
Promotion & Protection Agreements (IPPA) with Bahrain and
Myanmar.
Later this year, Hong Kong will begin negotiations on an IPPA
with the United Arab Emirates, while continuing IPPA talks with
Russia. These agreements will further enhance the confidence
of companies looking to invest in Asia and Hong Kong.
2015
13 May, Nanjing
14 May, Shanghai
InvestHK Seminar and CEO Networking
Luncheon
Targeting Shanghai enterprises, the investment
promotion seminar invites guest speakers from
the financial, business and professional services
sectors to talk about Hong Kongs business
advantages and successful cases.
Organiser: InvestHK
21 May, Nanning
Coffee Fair
7 Jul, Qinhuangdao
Making the Best Use of the Advantages of
Hong Kong to Open up Overseas Markets
Seminar in Qinhuangdao
The seminar is held for enterprises in Qinhuangdao
city to have a better knowledge of the business
advantages in Hong Kong and InvestHKs services
to help them go global.
Organiser: InvestHK
4 MARKET FOCUS
Japan
Hong Kong:
The Preferred Platform
for Japanese Companies
From restaurants to beauty and wellness, living and
clothing, Japanese culture, products and services
are penetrating every corner of Hong Kong
Hong Kong is a highly attractive market for foreign direct
investment. According to the UNCTAD World Investment Report
2014, global FDI flows into Hong Kong amounted to US$77 billion
in 2013, ranking it fourth after the US (US$188 billion), Mainland
China (US$124 billion) and Russia (US$79 billion). For Japanese
enterprises looking for overseas opportunities, Hong Kong is the
ideal choice. In 2014, Japan was Hong Kongs third largest trading
partner, with 5.3 percent of the total share of trade. Japan also
has the largest number of companies in Hong Kong, with 1,388
companies in 2014, taking 18.3 percent of the total share.
Japan is well known overseas for automobile and electronic
goods but it also excels in other products and services. With
a cautious economic forecast due to a decrease in domestic
demand, Japanese companies have started to actively expand
their businesses abroad to promote their unique advantages,
Yukio Sasaki, Head, Investment Promotion (Tokyo), InvestHK, said.
Do you know?
In 2014, Japan was one of Hong Kongs top tourist
destinations, with a record high of 925,900 visitors from
Hong Kong to Japan, up 24.1 percent from the previous
year
The largest overseas market for Japanese agricultural
products is Hong Kong
Contact:
Yukio Sasaki
Head, Investment Promotion (Tokyo)
Tel: (81) 3 3556 8961
Email: y_sasaki@hketo.gov.hk
Takemasa Nakata
Consultant (Osaka)
Tel: (81) 6 4705 7019
Email: tnakata@investhk.com.hk
MARKET FOCUS 5
Ay, Caramba!
InvestHK now has representation in Mexico to attract and support Mexican and
Central American companies in their expansion to Asia Pacific through Hong Kong
Hong Kong is an ideal place for Mexican businesses
to become global businesses. The availability and
easier access for Mexican products into Mainland
China provides opportunities for closer trading and
economic ties between Hong Kong and Mexico.
Simon Galpin, Director-General of Investment
Promotion, visited Mexico and Central America in
March to provide companies there with updates on
the latest business opportunities in Hong Kong. He
met the Secretariat of Infrastructure and Agriculture
for the State of San Luis Potosi, and discussed the
latest Agro Industrial Park project. In particular, he
focused on how the park could be a platform for
Mexican agro industrial companies with export
capabilities to reach new markets in Asia, and how
Hong Kong could play a role as the gateway between
Mexico and Asia.
Simon Galpin, Director-General of Investment Promotion, met Oscar Stark,
A discussion was held with Aneberries, the Mexican
Vice Minister of Industry, Paraguay at an event jointly organised by InvestHK
National Berry Exporters Association, which
and REDIEX in Paraguay on 16 March.
comprises more than 15 exporting groups and has
a presence in Hong Kong. Affiliated groups with the
Mexico is Mainland Chinas fourth largest export destination.
association began exporting to Mainland China in February
At the moment the only direct flight is between Shanghai to
2015. There seems to be good potential for Mexican agriculture
Tijuana; Hong Kong offers cargo flights to Guadalajara city. There
production companies to supply products and establish
are opportunities for Hong Kong and Mexico to partner up and
operations in Asia through Hong Kong.
provide a gateway into each others local and regional markets.
Events were also held to reach out to Mexican companies from
Hong Kong and Mexico signed a double taxation avoidance
various sectors. There was a business seminar jointly organised
agreement in 2013. The Mexican Chamber of Commerce has a
with COMCE (Mexican Business Council of External Trade,
presence in Hong Kong to promote and encourage investments,
Investment and Technology), a joint event with ProMexico
trade and business opportunities between Mexico, Hong Kong
Internationalisation Department (ProMexico) which attracted
and Mainland China.
companies from the creative industries, food and beverage as
well as consumer product sectors. InvestHK and ProMexico
share a natural partnership and complementary objectives in
the region, Miguel Leaman, Head of ProMexico, said.
Galpin also updated members from INADEM (Entrepreneurial
Development Institute) on the working programmes between
Hong Kong and INADEM, which includes the treaty signed
between INADEM and Hong Kong Science and Technology
Parks Corporation in 2014. The event attracted INADEM startups,
accelerators and incubators which are looking to expand their
programmes and/or operations to Asia.
Contact:
Samuel Lugo
Principal Consultant (Mexico and Central America)
Tel: (52) 664 290 0825
Email: slugo@investhk.com.hk
6 SECTOR FOCUS
Art
March was the month for art lovers in Hong Kong. Art Basel led
the charge with several curated events, exhibitions and festivals.
These included Art Central, Hong Kongs first custom-built art fair
at the new Central Harbourfront with 77 galleries exhibiting work
by more than 400 artists; the Asia Contemporary Art Show, Hong
Kong Arts Festival, and the Art and Design Festival in Chai Wan, to
name just a few.
This year Art Basel was attended by nearly 60,000 visitors,
including representatives and artists from leading galleries, arts
institutions and private collectors from across the world. The line
up of galleries was the strongest to date for the Hong Kong show,
with 29 galleries exhibiting at Art Basel in Hong Kong for the first
time, including 20 from Europe and the US.
Looking ahead, the Affordable Art Fair from 22-24 May will feature
more than 130 galleries. Original paintings, prints, sculpture and
photography ranging from emerging artists to some of the biggest
household names will come under one roof. Priced at between
HK$1,000-100,000 works will also feature this year in a special
curated Under $10,000 Wall.
Hong Kong is one of the worlds largest art markets by auction
sales. Sothebys and Christies have achieved record-breaking
sales in the city and many international galleries have recently set
Contact:
Doris Fong
Head of Creative Industries
Tel: 3107 1011
Email: dfong@investhk.gov.hk
SECTOR FOCUS 7
F&B
Do you know?
Hong Kong will soon be the fifth most frequently visited
destination in the world with 70 million visitors per
year, as forecast by the World Tourism Organization
Hong Kong has over 24,000 food establishments, and
most of them are within walking distance of your hotel
or residence
Plenty of Michelin-starred restaurants, ranging from
small eateries to fine dining
Hong Kong landlords are continuously seeking new and
exciting restaurant concepts
Contact:
Sindy Wong
Head of Tourism and Hospitality
Tel: (852) 3107 1067
Email: swong@investhk.gov.hk
SUCCESSFUL INVESTOR
Gellman believes that safety and good service are the keys to
sustainable business growth. The average waiting time for an
Uber taxi in Hong Kong is six minutes and the entire payment
process is cash free. Drivers are motivated to deliver good
service as they are rated by their customers at the end of the
ride.
Uber
Ubers service is available in 53 countries and 300 cities
worldwide (as of December 2014)
www.uber.com
SUCCESSFUL INVESTOR
Leading the
Architectural
Journey
Hong Kong is a liveable city
and very accommodating
to both new and established
businesses.
Simon Blore, Director
Lead Architecture
Organic Growth
Leads key projects include designing the retail zones of a
transport hub in north Malaysia, a major new retail destination
in Shanghai, a huge department store in Taipei and another
in Harbin, and two 200-metre towers allied to two retail
destinations in Mainland China.
Lead Architecture
Established in March 2014
Studios in Hong Kong, Singapore and Malaysia
www.leadarchitecture.com
10 SUCCESSFUL INVESTOR
Capital Markets
Take to the Cloud
Increasing demand for cloud
computing services from financial
firms underpin the recent success of
Hundsun Technologies
Hundsun Technologies
Established in Hangzhou in 1995
Listed on the main board of Shanghai Stock Exchange
Annual sales turnover of RMB2 billion
www.hundsun.com
SUCCESSFUL INVESTOR
11
Sea of Opportunities
There is a sea of opportunities for the digital publishing market.
Our business is going to evolve around technology, viewability,
programmatic and native advertising. We have highly viewable
advertisements and native advertising opportunities for brands
to distribute their thought leadership, Young explained.
Both she and Tan moved from New York to Hong Kong six
months ago and have adapted to the citys lifestyle in no time.
There is incredible access in Hong Kong. Senior business
leaders make ample time to meet; beautiful trails and beaches
are just on the other side of the island, Young said.
InvestHK offered Barrons New York team assistance shortly
after the plan to launch in Hong Kong was finalised. Both
InvestHKs New York team and the Creative Industries team
in Hong Kong have provided seamless support to facilitate a
smooth setting up in the city, Young concluded.
Barrons Asia
Published by Dow Jones, Barrons is an American weekly
newspaper founded in 1921
New Asian digital edition launched in October 2014
www.barrons.com
12 SUCCESSFUL INVESTOR
Wheel of Fortune
Swiss AEX Group opened Hong Kongs
first Observation Wheel on the Central
harbourfront in December 2014, just
in time for the holiday season
The company was awarded the contract from the Hong Kong
SAR Government through a competitive tender to install and
operate an observation wheel. The selection criteria included a
minimum of 10 years experience, a minimum construction time
of 12 months, promotion strategy, pricing, the ability to enhance
the waterfront, safety and security measures, etc.
SUCCESSFUL INVESTOR 13
The Definitive
Footbed Finds
its Home
Germanys classic shoe brand
BIRKENSTOCK has set up a regional
head office in Hong Kong to drive its
omni-channel strategy and support its
regional distributors
BIRKENSTOCK
A family-owned footwear brand since 1774
All footwear is designed in Germany with the majority of
them still made in Germany
www.birkenstock.com
14 SUCCESSFUL INVESTOR
for our first step to expand globally, Tin Mok, CEO, International
Business, Le Shi Internet Information & Technology (HK) Ltd, said.
Letv also teamed up with 3Home Broadband to provide high
quality home entertainment with high speed broadband
connectivity to the local market. Looking ahead, Letv plans to
invest HK$ 500-600 million in Hong Kong each year, including
production of TV content locally. To support the fast growing
business in Hong Kong and to accelerate Letvs expansion to
other Asian markets, the Hong Kong office will build a 150-strong
team by end 2015.
Setting up in Hong Kong is an important milestone for Letv to
develop our international business. With a unique east-meetswest culture and a tech-savvy customer base, Hong Kong is the
ideal testing ground for Letvs ecosystem and business model,
Mok said.
Following the success of smart TVs, the company launched its
own super phones in April in Beijing. It has also teamed up with
Chinese automaker BAIC Motor Corporation to build the first
internet-linked smart electric vehicle.
Letv
Established in Mainland China in 2004
Listed on the Shenzhen Stock Exchange since August 2010
Aggregate sales of Letv Group amounted to RMB 10 billion
in 2014
www.letv.com
SUCCESSFUL INVESTOR 15
Positive Changes
Hang Lung Hakuyosha saw a wave of migration of Hong Kong
residents overseas due to the 1997 issue, which deterred Hang
Lung-Hakuyosha from carrying on. It started to enlarge pick-up
and delivery services that no other operators had previously
offered, and also storage services for winter clothing to blankets
and quilts. Hang Lung Hakuyosha is now a leading dry cleaner in
Hong Kong, with 80 percent of revenue coming from consumers
and 20 percent from corporate clients. Many large corporations
in Hong Kong, especially airlines and banks, are using its service
for cleaning staff uniforms.
We enjoy the ease of doing business and high level of economic
freedom in Hong Kong. It is a place with ample business
opportunities, Yokomizo said. As dry cleaning is still not
very mature in the Hong Kong market, we see room for further
development especially in regulatory measures.
16 NEW INVESTORS
InvestHK recently facilitated the following companies to establish or expand their
business presence in Hong Kong. We welcome them to our city and wish them a
prosperous future.
Company name
Sector
Australia
Company name
Sector
TusparkHK
Innovation Space
ICT Services
HBO+EMTB
Law Office
Belgium
Pharma Technology Asia-Pacific
Ltd
Mexico
Moonzen Brewery
Canada
Microbrewery
B+H Architects
Architecture Design
Singapore
Galerie Koo
eG Innovations HK Ltd
Performance Monitoring
Software
ICT Services
France
Nautic Asia Ltd
Marine Equipment
Manufacturing
Popmap
eCommerce Marketplace
Vinovi
Wine Trading
Switzerland
Swiss AEX Group
Taiwan
Germany
BIRKENSTOCK
Footwear Brand
Cisema
Italy
Bormioli Rocco Asia Pacific Ltd
Sweden
Glassware Products
Japan
Vpon Ltd
Education Management
UK
Lead Architecture
Architecture Design
Financial Services/Electronic
Trading
Mohawk
Perseus
Financial Technology
Real Estate
Restaurant
US
Dry Cleaning
Management Consulting
Tokyu Livable
Whitestone Gallery
Art Gallery
Barrons Asia
Publishing
Current Asia
Marketing Technology
Business Solutions
EGI Technologies
Hearsay Social
Relocation Consultancy
Klook Travel
Travel Services
Investment
MakerBay
Makerspace
Scoutbots
Ocean Robotics
Uber
Hundsun Technologies
Financial Technology
Letv Group
Korea
Incheon Port Authority Hong
Kong
Mainland China
Ark Relocation
The information and material contained in this publication is for general reference only.
While every effort has been made to keep information current and accurate, readers are advised
to exercise caution and check that the information is still current before acting upon it. InvestHK
produces the newsletter to help readers better understand Hong Kong. It does not imply any
endorsement of any material or recommendation of a company or service provider over another.