GREAT Trade & Investment News
Hong Kong & Macao
July 2023
For a comprehensive round up of the latest UK-Hong Kong and Macao Trade and Investment news, insights and information kindly refer to the July Newsletter below:
GREAT Trade And Investment News Hong Kong & Macao July 2023
China Direct would like to thank the Trade and Investment team at the British Consulate in Hong Kong for kindly sharing this information.
CBI member Tata Communications, a leading digital infrastructure provider, is joining forces with Chunghwa Telecom, Taiwan’s largest mobile network operator, to bring global connectivity to consumer electronics and industrial Internet of Things (IoT) devices.
Tata Communications MOVE – IoT Connect™ allows IoT devices to be deployed quickly both locally and internationally by leveraging Tata Communications’ ecosystem of mobile network operators worldwide.
As part of this ecosystem, Chunghwa Telecom will be able to tap into additional revenues by connecting IoT devices through Tata Communications MOVE™.
Anthony Bartolo, chief product officer, Tata Communications, said, “The problem is that today’s mobile networks are inherently local – there is no such concept as a global mobile network. We want to change that. We’re excited to work with Chunghwa Telecom and other leading mobile network operators around the world to build a truly global ecosystem of connectivity, and spur IoT adoption by businesses worldwide.”
Please read more here.
The inaugural Sterling Assets Report has been on a pan-China Roadshow since its launch on Thursday 02 November in Beijing.
The objective of the Roadshow was to circulate the Report's key findings to the diverse and dynamic UK business network in China and encourage policymakers and local officials to use the Report to promote greater UK-China business investment.
Additionally the Report was received by business stakeholders the CBBC, British Chambers, Department of International Trade (DIT) and a visiting delegation of the All Party Parliamentary China Group in Guangzhou.
China Direct would like to sincerely thank HM Consuls Cecile Elbeleidi in Chongqing, HM Consul Karen Maddocks in Guangzhou, HM Consul John Edwards in Shanghai and HM Consul Nick Whittingham in Wuhan for their support.
Please note that China Direct will have the Chinese language version of the Report available for review and download by mid-November.
Kindly find the original Report and Executive Summary attached below for your reference.
Download CBI China Sterling Assets Report
Download Sterling Assets China Executive Summary
Thank you.
The CBI’s eleventh Director-General, Carolyn Fairbairn, will use her first day in the post to deliver a clear message about issues that she believes matter most for the long term prosperity of the UK.
In her first message to CBI members, Carolyn will say:
“The UK has a golden opportunity to move on from its strong recovery to build a new era of growth and prosperity for the whole country. Among the defining issues will be seizing the opportunities of devolution for growth outside London, closing the productivity gap, and the future of the UK’s relationship with the European Union.
“One of the most exciting opportunities for the UK over the next five years is to make the ideals behind the Northern Powerhouse and growth beyond London a reality, while at the same time supporting the capital to reach new levels of success as one of the world’s truly great cities. The CBI’s role will be to bring a strong business voice to the devolution settlements and then work with the UK’s nations and regions to build momentum for change and growth. Above all, I would like the CBI, and my leadership of it, to be judged on our achievements in making a positive impact on productivity, growth and future prosperity across the whole of the UK.
“UK productivity is 30% below that of the United States and 28% below that of Germany. In a world of accelerating global competition, this is an issue that needs to be addressed urgently. The solutions lie in innovation, people and leadership and in tackling long-term weaknesses in skills and infrastructure.”
On Europe, Carolyn will say:
“On Europe, most of our members want to be in a reformed EU because of the benefits of the Single Market and the CBI is clear on what those reforms are - developing the Single Market, more trade deals, less and better regulation, as well as ensuring that the integrity of non-Eurozone countries such as the UK is protected.
“The CBI does have some members who feel that the UK should leave the EU, or who understandably want to see the outcome of the reforms before finally making a decision. We know this because we are a consultative organisation – and over the last three years, we have held over 130 consultation events with our members across the country. Those members who take a different view on the EU speak up, we listen to and respect their views, and we will consult with them – and all CBI members - again when the Government’s deal has been done.”
Carolyn welcomed the Prime Minister’s letter to the President of the European Council, setting out his reform agenda, as an important step forward. “It set out four areas of reform that touch on most of the concerns of UK business. Our members are supportive of this direction of travel and we look forward to working with the Government to deliver it, and to helping establish how the reforms might work in practice.”
Carolyn Fairbairn at a glance
Carolyn becomes Director-General of the CBI after over 25 years’ experience in UK business, spanning a range of operational and board roles in manufacturing, media, management consultancy and banking. She has extensive boardroom experience, including as a non-executive director of Lloyds Banking Group, The Vitec Group (a medium-sized photographic and broadcast equipment supplier), global outsourcer Capita, the Competition and Markets Authority and UK Statistics Authority. Between 2008 and 2011, Carolyn was a Non-Executive Director of the Financial Services Authority.
As Director of Strategy and Distribution at the BBC she created and launched Freeview. She was also Director of Group Development and Strategy at ITV from 2007-2010.
As a McKinsey consultant and partner, she advised companies across the UK on issues of competitiveness and growth. She worked with firms in sectors as diverse as brewing, DIY retailing, computer services, investment management and newspapers, advising on mergers, business expansion, cost control and global competitiveness. Carolyn later became one of the leaders of McKinsey’s UK media practice, specialising in digital strategy.
From 1995-97, she was seconded from McKinsey as a Special Adviser in Number 10’s Policy Unit, where she advised on health and social services.
She began her career as an economist at the World Bank, before joining The Economist newspaper as a business and financial journalist.
Carolyn read Economics at Gonville and Caius College, Cambridge, graduating with a double-First (1983). She holds a MBA with Distinction from the European Institute of Business Administration (INSEAD), and a MA in International Relations from the University of Pennsylvania.
16 November 2015
Notes to Editors:
Read Carolyn’s first interview with Business Voice, the CBI’s digital magazine for members.
You can follow Carolyn on Twitter at @CBICarolyn
Across the UK, the CBI speaks on behalf of 190,000 businesses of all sizes and sectors which together employ nearly 7 million people, about one third of the private sector-employed workforce. With offices in the UK as well as representation in Brussels, Washington, Beijing and Delhi, the CBI communicates the British business voice around the world.
Media Contact:
CBI Press Office is available 24 hours a day on 0207 395 8239, or email: [email protected]. Follow the CBI (@CBItweets) on Twitter.
[Image courtesy of www.thisismoney.co.uk]
On 14 April, Chinese President Hu Jintao will meet with top leaders from Brazil, Russia, India and South Africa on the southern Chinese island-province of Hainan.
Discussions will cover economic, financial and security concerns. The summit is the third "BRIC" summit and the very first to include South Africa. Pleae read more here.
According to a short statement released by China's Ministry of Commerce, "The BRICS leaders will exchange views on international developments and economic, financial and development issues, and will also plan future cooperation among the BRICS countries."
India's Prime Minister Manmohan Singh is travelling to China today on an official visit as the two countries aim to deepen their economic ties. Mr. Singh will also attend the BRICS summit on 14 April. Please read more here.
In December 2010, China and India agreed to nearly double bilateral trade to $100 billion (£66 billion) by 2015, up from $60 billion in 2010, during Chinese Premier Wen Jiabao's visit to India. Mr. Wen traveled to India with a delegation of 400 Chinese business leaders, and $16 billion worth of business deals were signed.
With China and India accounting for 36.7% of the world's population and 10.4% of global trade, bilateral ties between the two countries hold significant implications for the rest of the world, especially given the fact that both have been playing a crucial role in driving the global economic recovery.
In 2010, India grew by 9.7% and China by 10.5%, significantly outpacing the rest of the world which grew by 4%. Read more here.
However, regional political tensions between China and India, including border disputes and China's perceived close relationship with Pakistan, are a potential barrier to the deepening of bilateral economic ties.
The CBI has maintained a presence in India since 2008. To contact our New Delhi office please e-mail Mr.Mark Runacres at: [email protected]
China Direct would like to thank Policy Analyst Ben Cooper for preparing this report.
[Image courtesy of www.publicaffairsasia.com]
Welcome back to our readers!
China Direct is now back in action after a week away.
The third annual Public Affairs Asia Industry Survey was released in Hong Kong today.
It highlights the importance for businesses to develop and localise their strategies to fit the local environment and concludes that whilst the industry is gaining in importance it suffers from staffing and capacity issues which in turn are hampering companies' international development plans.
For a summary please click below or alternatively further on for the full (16 page) report.
Download PA APA Survey 2011 PR
Download Public Affairs - 2011 APA Survey
Our thanks to Public Affairs Asia for sharing this important survey with China Direct.
[Image courtesy of www.cfoinnovation.com]
China Direct would like to share with its members China's international trade headlines and statistics released by the Ministry of Commerce on 02 Feb.
Emerging markets saw the greatest trade growth with China and can therefore be expected to secure increased Chinese investments in 2011.
Headlines: Emerging Markets
Headlines: Developed Markets
Headlines: Key Trade Partners & Export Markets
[Image courtesy of www.cbi.org.uk]
China Direct is delighted to welcome John Cridland as the new Director of the CBI.
Mr. Cridland started his five year tenure today and gave an interview to BBC News during which he highlighted the need for growth and a job-rich recovery in the UK. For more on this interview please click here.
The CBI's Beijing office looks forward to seeing Mr. Cridland out in China and the region later in the year and will keep CBI members updated as to his itinerary shortly.
For more on Mr. Cridland's appointment, which was made in November 2010, please read here.
The Beijing office will now be closed for the duration of the Chinese New Year Festival (02-09 Feb) although China Direct hopes to continue blogging wherever possible!
A very happy New Year of the Rabbit to you all.
China Direct's CBI Delhi office has flagged up the intriguing possibility of China's Sinochem and India's National Mineral Development Corporation (NMDC) entering into a strategic alliance in order to acquire Canada's PotashCorp, the world's largest fertilizer company by capacity.
For more on this fascinating development please refer to Mark Runacres's note below.
Download CBI Delhi CH-IND Potash Oct 10
[Image courtesy of www.cwgdelhi2010.org]
Mark Runacres, the CBI's Delhi based adviser, has produced an overview of the political and economic environment in India on the eve of the Commonwealth Games.
For more information on CBI companies in India please contact Mark directly via: [email protected]
Please read on for the report.
Download India on the Eve of the Commonwealth Games 2010
The CBI helps create and sustain the conditions in which businesses in the United Kingdom can compete and prosper for the benefit of all.
Recent Comments