Hong Kong – Your Best Partner and Risk Manager in China
Honolulu-Hawaii Friday June 6th: Hong Kong.China.Hawaii Chamber of Commerce (HKCHcc) and InvestHK Business Luncheon featuring Simon Galpin, Associate Director-General, Invest Hong Kong, HKSAR Government - “Hong Kong – Your Best Partner and Risk Manager in China” - Opening Remarks by Johnson Choi, President of the HKCHcc
Good afternoon House Speaker Calvin Say; Governor George Ariyoshi and Mrs. Jean Ariyoshi, Mark Anderson, Deputy Director of Hawaii DBEDT; Our Co-sponsors Jill Takasaki Canfield, Executive Director of Pacific Asian and Affairs Council and Vance Roley Dean and David Yang, Associate Dean of Shidler College of Business at UH Manoa, Ladies and Gentlemen, Aloha.
Thank you for coming to our business luncheon allowing us to share with you why “Hong Kong is Your Best Partner and Risk Manager in China” to be presented by Mr. Simon Galpin, Associate Director-General of InvestHK, HKSAR Government after lunch.
We have been working with the HKSAR Government through HKETO SF, InvestHK and Others since 1996 helping a long list of Hawaiian Companies and in many cases partnering with Companies in California, New York and London successfully launching their products, services, media, technology and investment in Hong Kong and/or through Hong Kong into China and throughout Southeast Asia.
Hawaii and Hong Kong have certain things in common:
1) Both have practically no natural resources, almost everything have to be shipped in.
2) Hong Kong is smaller than the Island of Kauai, but 5Xs of the population of the State of Hawaii; Like Hawaii, Hong Kong has transformed from Manufacturing/Agriculture into Service & Technology based economy. HK has emerged to become a key financial center in Asia.
3) Like Hawaii, Hong Kong receive healthy income from tourists, more than 26 million people visited Hong Kong in 2007 and growing.
4) It is a shopping haven as almost everything entered HK duty free like the Hawaiian Host Chocolates, the Kona Coffee, the high end Koa furniture, the Big Island Papaya and yes Wine made in Hawaii and around the world.
5) You can sell your products in China without entering China. There are more than 15 million tourists from China visiting Hong Kong each year. It is an ideal place to test your product appeal to the China market.
Couple of mark differences between Hong Kong and Hawaii is Hong Kong tax is probably 1/10 of those in Hawaii when you add Federal, State and General Excise Tax combined; and Hong Kong is very business friendly enjoyed by more than 100,000 Americans currently working and living in Hong Kong. The 133 miles 150 stations Mass Transit System and State of the Art Airport in Hong Kong is probably the best in Asia cost more than US$50 billions and growing all built without any tax increase.
One very important role Hong Kong.China.Hawaii Chamber of Commerce has been playing as an organization is to promote understanding between the People of United States and our Asian counter with special focus in Hong Kong and China. To develop a business relationship, companies should have some basic understanding of the Host culture, adequate preparation, advance information on regulatory requirements and financial commitments. We are hoping to be here to bridge the gap and provide you with useful hand on information helping you to move forward to minimize the risk of business and political landmines.
Our offices in Honolulu, San Francisco, Hong Kong and Shanghai are able to assist our members by providing them with local intelligence and logistic supports through partnership such as InvestHK, United States Commercial Services, American Chamber of Commerce in Hong Kong and Shanghai.
An institution, an organization, a Chamber of Commerce cannot function without good and knowledgeable management team. They are the people that run the day to day operation. I am fortunate and bless with the support from many of you in the room as well as my Officers and Directors that make my daily challenging work very rewarding.
We will break for lunch now. After lunch, I will introduce our speaker. Enjoy it, thank you.
Good afternoon House Speaker Calvin Say; Governor George Ariyoshi and Mrs. Jean Ariyoshi, Mark Anderson, Deputy Director of Hawaii DBEDT; Our Co-sponsors Jill Takasaki Canfield, Executive Director of Pacific Asian and Affairs Council and Vance Roley Dean and David Yang, Associate Dean of Shidler College of Business at UH Manoa, Ladies and Gentlemen, Aloha.
Thank you for coming to our business luncheon allowing us to share with you why “Hong Kong is Your Best Partner and Risk Manager in China” to be presented by Mr. Simon Galpin, Associate Director-General of InvestHK, HKSAR Government after lunch.
We have been working with the HKSAR Government through HKETO SF, InvestHK and Others since 1996 helping a long list of Hawaiian Companies and in many cases partnering with Companies in California, New York and London successfully launching their products, services, media, technology and investment in Hong Kong and/or through Hong Kong into China and throughout Southeast Asia.
Hawaii and Hong Kong have certain things in common:
1) Both have practically no natural resources, almost everything have to be shipped in.
2) Hong Kong is smaller than the Island of Kauai, but 5Xs of the population of the State of Hawaii; Like Hawaii, Hong Kong has transformed from Manufacturing/Agriculture into Service & Technology based economy. HK has emerged to become a key financial center in Asia.
3) Like Hawaii, Hong Kong receive healthy income from tourists, more than 26 million people visited Hong Kong in 2007 and growing.
4) It is a shopping haven as almost everything entered HK duty free like the Hawaiian Host Chocolates, the Kona Coffee, the high end Koa furniture, the Big Island Papaya and yes Wine made in Hawaii and around the world.
5) You can sell your products in China without entering China. There are more than 15 million tourists from China visiting Hong Kong each year. It is an ideal place to test your product appeal to the China market.
Couple of mark differences between Hong Kong and Hawaii is Hong Kong tax is probably 1/10 of those in Hawaii when you add Federal, State and General Excise Tax combined; and Hong Kong is very business friendly enjoyed by more than 100,000 Americans currently working and living in Hong Kong. The 133 miles 150 stations Mass Transit System and State of the Art Airport in Hong Kong is probably the best in Asia cost more than US$50 billions and growing all built without any tax increase.
One very important role Hong Kong.China.Hawaii Chamber of Commerce has been playing as an organization is to promote understanding between the People of United States and our Asian counter with special focus in Hong Kong and China. To develop a business relationship, companies should have some basic understanding of the Host culture, adequate preparation, advance information on regulatory requirements and financial commitments. We are hoping to be here to bridge the gap and provide you with useful hand on information helping you to move forward to minimize the risk of business and political landmines.
Our offices in Honolulu, San Francisco, Hong Kong and Shanghai are able to assist our members by providing them with local intelligence and logistic supports through partnership such as InvestHK, United States Commercial Services, American Chamber of Commerce in Hong Kong and Shanghai.
An institution, an organization, a Chamber of Commerce cannot function without good and knowledgeable management team. They are the people that run the day to day operation. I am fortunate and bless with the support from many of you in the room as well as my Officers and Directors that make my daily challenging work very rewarding.
We will break for lunch now. After lunch, I will introduce our speaker. Enjoy it, thank you.
posted by johnson at 5:23 PM
0 Comments:
Post a Comment
<< Home