Latest News Business in China & Hong Kong

Germany Business

Haribo expanding in Chinese Market

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Haribo sweets manufacturer from Bonn, Germany planning further market activities in China by 2015. The company has plans to invest double-digit millions in order to “bring our products through a distributor in the supermarkets,” said CEO Michael Phiesel the “Business Week”. The group has already an established company in Shanghai to prepare to enter the market. Besides the opportunities […]

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Hong Kong - Asia's business centre

ASEAN-Hong Kong Free Trade Agreement

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Negotiations for a ASEAN-Hong Kong free trade agreement are underway. The future outlook for greater trade flows between the two regions are very positive. Hong Kong will benefit from the FTA as the city is a provider of trade-related services and a vital conduit of trade between China and the rest of the world. Hong Kong expects to have a free […]

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China Business

The complexity of China’s cultural differences

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Covering approximately 9.6 million square kilometres China is the second largest country by land area. The country is complex not only in its economy but there are cultural differences in China as well. Although China’s most spoken language is Mandarin (simplified Chinese: 官话; traditional Chinese: 官話; pinyin) there are more than 292 living languages in this country. This short article […]

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Hong Kong - Asia's business centre

Guangdong-Hong Kong-Macau Free Trade Zone

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The Guangdong-Hong Kong-Macau Free Trade Zone is reportedly took another hurdle by being initially approved by the central government after seeking the opinions of 28 ministries and commissions Guangdong already has three free trade zones: Qianhai near Shenzhen, bordering Hong Kong; Hengqin island in the Zhuhai special economic zone; and Nansha district of the provincial […]

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Germany Business

Renminbi Hub in Frankfurt, Germany

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Frankfurt is to become a European hub for financial transactions in the Chinese currency will give new momentum to trade between the two economic powers.  This decision was made during the first visit of Chinese President Xi Jinping. Additionally business deals between China and Germany were signed that will add to trade that was worth about 140 […]

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Hong Kong - Asia's business centre

Hong Kong Sevens economic impact

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Another weekend of Hong Kong Sevens came to an end today. Besides the fun that all fans enjoyed and the great rugby that was shown by all players the Sevens have a positive economic impact on Hong Kong each year: An in-depth Economic Impact Analysis (EIA) of the 2013 IRB Sevens by Grant Thornton notes […]

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Hong Kong - Asia's business centre

“Hongkonger” and “Hong Kongese” now in dictionary

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According to a report in South China Morning Post the words “Hongkonger” and “Hong Kongese” were added to the Oxford English Dictionary. Further the publisher Oxford University Press added a new sub-entry for Hong Kong Chinese in its most recent quarterly update. Oxford English Dictionary defines Hongkonger and Hong Kongese as “a native or inhabitant […]

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China Business

Chinas Wirtschaft wächst langsamer im Januar

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Chinas Wirtschaft wächst langsamer. Der Einkaufsmanagerindex von Markit und HSBC fiel im Januar um 0,9 auf 49,6 Punkte, wie eine Umfrage unter Unternehmen ergab. Eine Marke von 50 Zählern würde Wachstum signalisieren. “Hauptgrund dafür war die geringere Binnennachfrage”, sagte HSBC-Volkswirt Qu Hongbin. “Die Dynamik in der Industrie schwächt sich ab, was bereits das Wachstum der […]

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Hong Kong - Asia's business centre

Hong Kong Government to offer tax break

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Tax breaks will form the core of a government plan to cut spending from the swelling public hospitals budget and shift the burden to the private sector. Government spending on the Hospital Authority has increased 63 per cent to HK$44.4 billion in the 2013/14 financial year from HK$27.2 billion in 2006/07. Higher expenditure are being […]

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