Tagged: Business

Partnership for Business Services in Guangdong

Partnership for Business Services in Guangdong

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About two years ago SMATRA Group upgraded its sourcing activities by forming a partnership in Guangdong province, China. Now a further cooperation is being set up for growing the consulting as well as the distribution business of SMATRA Group in P.R. China. A branch office in the P.R. China is currently being evaluated for providing […]

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China Business

Alibaba’s 128 Mio USD investment in Hong Kong

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Alibaba announced that it will launch a 1 billion HK$ not-for-profit foundation in order to support Hong Kong startups.  According to the company this is its first entrepreneur-support initiative for Hong Kong. The foundation will be managed by professional investment managers and all profits of Alibaba’s foundation will be re-invested into startups. Additionally Alibaba will […]

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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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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

Hong Kong & South Korea clearance process

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Hong Kong passport holders can enrol for Korea’s automated immigration clearance services according to the Immigration Department. Korean passport holder can also enrol for Hong Kong’s e-Channel. Both parties signed a Memorandum of Understanding on the use of automated immigration clearance services on July 30, and the enrollment criteria and procedures have been established. The […]

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Hong Kong - Asia's business centre

Competitiveness Report Hong Kong & China

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Hong Kong snags 10th spot in global intellectual property protection ranking But here’s what it should improve more on. Hong Kong ranked 10th out of 148 economies in IP protection, according to the Global Competitiveness Report 2013-2014 published by the World Economic Forum. Here’s more from the report released in September: Hong Kong SAR further […]

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Hong Kong - Asia's business centre

Hong Kong & China goods clearance arrangement

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The new arrangement recognizes the GACC’s Measures on Classified Management of Enterprises and the Customs and Excise Department’s Hong Kong Authorized Economic Operator Program. Due to this arrangement local companies accredited by the C&ED as Authorized Economic Operators can enjoy clearance facilitation such as reduced examination or prioritized clearance for their goods imported from or […]

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Hong Kong - Asia's business centre

Tax Agreements with Italy, Guernsey & Qatar

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The agreements of avoidance of double taxation with Italy, Guernsey and Qatar were gazetted and ensure that investors do not pay tax twice on a single source of income, bringing businesses more certainty regarding tax liabilities. Hong Kong signed the agreements with Italy in January, with Guernsey in April, and with Qatar in May.

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China Business

Free-Trade Zone Shanghai – Reforming China’s Economy

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China’s government keep changing the market and the Free-Trade Zone in Shanghai has been hailed as potentially the boldest reform in decades [Reuters,29.09.2013]. Some other business papers mentioned that China is testing a loser grip on its economy [The Wall Street Journal, 27.09.2013] Commerce Minister Gao Hucheng said that the FTZ marks an important step […]

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