HUALUXE Hotels and Resorts is the world’s first international luxury hotel brand specifically designed for Chinese consumers. HUALUXE Nanchang High Tech Zone is located in Nanchang, the capital of Jiangxi Province and a key catalyst to the economic growth in Southeast China.
HUALUXE Yangjiang City Centre is located at the heart of Yangjiang, a fast developing leisure and business destination in Guangdong Province. IHG has ambitious plans for HUALUXE Hotels and Resorts in Greater China and internationally.
Since IHG first announced the launch of the brand in 2012, it has signed 24 hotels into the pipeline in 20 cities across China, including Beijing, Shanghai, and Chengdu. All 24 hotels are due to open over the next three to five years.
As Chinese outbound travel continues to grow and gain momentum, IHG also plans to introduce the brand into key international destinations, such as London and New York, to meet the specific requirements of Chinese travellers wherever they may be.
Leading British entrepreneurs were announced as speakers at what will be one of the largest creative gatherings ever held in China.
Kelly Hoppen MBE, Jo Malone MBE, and Sir John Sorrell will all attend the GREAT Festival of Creativity in Shanghai.
Scheduled to be held from 02-04 March 2015, the festival will give leading British companies in innovation, technology, design, entertainment, education, healthcare, and luxury the chance to show what they can offer to the Chinese market.
Companies in the U.K. can now register to take part in the festival, which will be an opportunity to meet potential trading partners in China and show them how British creativity can help their businesses innovate and grow.
The GREAT Festival of Creativity is part of the U.K. government’s GREAT Britain Campaign, which aims to generate jobs and growth by promoting Britain as a world-class destination for trade, tourism, investment, and education.
It is being delivered in partnership with private sector organisations including CBI members HSBC, BBC Worldwide, Jaguar Land Rover, PwC, British Airways, and De Montfort University.
The Sunseeker Predator 80 was named the Best Worldwide Production Motoryacht (15-24 metres). Held on the first night of the Hong Kong Gold Coast Boat Show, the awards ceremony highlights the best that the Asian and international yachting industries have to offer.
Sunseeker International Sales Director Sean Robertson said, "We are extremely proud to receive the Best Worldwide Production Motoryacht Award for the Predator 80. We continue to strive towards excellence in yacht design, manufacturing, and quality, to provide superior luxury yachts and customer service to our yacht owners from around the world."
Earlier this year, Sunseeker International celebrated as Wang Jianlin, Chairman of Sunseeker's parent company Dalian Wanda Group, won the 'Personality of the Year' award at the Shanghai Asian Marine and Boat Awards thanks to his strategic decision to bring Sunseeker into the Wanda family.
Please click here and here to read the full press releases by Sunseeker.
CBI memberKingfisher recently released its preliminary results for the year ended on 01 February 2014, reporting that B&Q China sales increased by 8% to £421 million, benefiting from additional promotional activity.
Kingfisher intends to look for a strategic partner for B&Q China to replicate the successful partner approach in Turkey.
Click here to read the full results for Kingfisher.
CBI memberJones Lang LaSalle recently announced the opening of its new office in Xi'an, which marks the firm's 11th in mainland China and 14th in Greater China.
Jones Lang LaSalle started in western China with an office in Chengdu in 2005, and, building on good business growth, opened its Chongqing office in 2011. With its strategic location, the new office in Xi'an is another key milestone for the firm.
KK Fung, Managing Director of Jones Lang LaSalle, Greater China, said, "As we mark our 20th anniversary in mainland China in 2014, the opening of the new Xi'an office further demonstrates our commitment to solidify our service delivery platform in China."
Please click here to read the full press release by Jones Lang LaSalle.
On 09-12 November 2013, the Third Plenary Session of the Chinese Communist Party's 18th Central Committee, commonly referred to as the Third Plenum, met in Beijing to discuss the long-term goals of the new Chinese leadership.
The Third Plenum released a communiqué outlining a series of pledges on planned reforms, including:
• The "decisive" role of the market in the allocation of resources was highlighted in the document. China will relax investment restrictions, accelerate the construction of free trade zones, and further open up both coastal and inland regions.
Other plans include requiring state-owned enterprises to pay larger dividends to the government and allowing private-owned companies to play a bigger role in the economy. In addition, China will push forward the liberalisation of its interest rates and the free convertibility of the Renminbi (RMB).
• China will accelerate the development of a new agricultural management system and give farmers stronger property rights.
• China will establish a comprehensive system designed to protect the country's ecological environment, including improvements in land development, resource conservation, and environmental protection.
• China will improve its judicial system and "ensure independence and fairness in courts and prosecuting bodies".
• China will create a national security council that will deal with both domestic and international security challenges.
CBI memberTesco recently released its interim management statement for the third quarter of 2012, reporting an improved quarter in Asia, with total sales in the region up 6.8% at constant rates.
In China, Tesco opened two new stores in the third quarter and plans to open a further seven in the next month, in line with the retailer's plans to maintain its annual opening programme at a similar level to last year in this strategically important market.
Please click here to read the full results for Tesco.
CBI memberJones Lang LaSalle recently facilitated Guangzhou's largest shopping mall transaction when China Overseas' Everbright Mall, for which Jones Lang LaSalle is the Sole Leasing Agent and Retail Asset Manager, was sold to Pramerica Real Estate Investors for US$318 million.
Located in Guangzhou's Haizhu District, Everbright Mall serves approximately 300,000 local residents, and is comprised of high-end retail space as well as a supermarket, a cinema, and restaurants.
Jex Ng, Managing Director of Jones Lang LaSalle Guangzhou and Shenzhen, said, "The historic deal was concluded after more than one year of negotiations. It is the largest retail mall transaction ever recorded in Guangzhou as well as the city's first investment acquisition of commercial real estate by a foreign institutional investor."
Tom Liu, Head of Investment at Jones Lang LaSalle Guangzhou, said, "This transaction reinforces the positive outlook of Guangzhou's retail sector. We believe the investment market is still in its infancy, Guangzhou will continue to attract more foreign investors into its fast-growing commercial real estate sector."
Click here to read the full press release by Jones Lang LaSalle.