Industry News

Negotiations the best way to resolve long-standing economic disputes between the two superpowers, says top officials at U.S.-China business leaders summit in Washington

Entrepreneur/SME Focus
Barron Asia VR, AmCham member; Hong Kong-based production company, is going boldly into the world of virtual reality (VR).

Finance
HONG KONG, July 2 The central banks of China and Hong Kong on Sunday said non-mainland investors can start trading Chinese corporate bonds in a trial beginning on Monday, confirming a calendar entry that appeared on the "Bond Connect" programme website late on Friday.

Transportation
Infrastructure & Construction Committee Chair Ian Chung led the AmCham delegation to see Big Bay Area related infrastructure facilities in construction

Intellectual Property
US streaming giant Netflix agreed to provide television series to Baidu’s iQiyi.com, gaining access to the only major film market that had eluded the world’s largest paid video service.

Trade & Investment
Negotiations the best way to resolve long-standing economic disputes between the two superpowers, says top officials at U.S.-China business leaders summit in Washington

Education

Taxation
Following U.S. President Trump’s announcement of his tax plan proposing reductions in both individual and corporate income tax rates, as well as a shift to a territorial tax system away from the current worldwide system, AmCham made a submission to US Congressmen and the Administration to re-examine the impact of the American system of worldwide taxation has on U.S.’ international competitiveness.

Law
Asian Legal Business is proud to present the Hong Kong 2017 In-House Legal Summit taking place on 12 September. ALB’s signature annual summit gathers together in-house counsels, legal practitioners and industry experts to discuss recent regulatory changes, hot pressing legal issues and best practice solutions in Hong Kong and the Greater China region.

Human Resources
Most people think slavery is a heinous practice that no longer exists. Actually, it is thriving. According to the Global Slavery Index, 45.8 million men, women and children are languishing in slavery-like conditions today. 66% of them – or over 30 million – are in the Asia-Pacific region.

Communications/Tech
Barron Asia VR, AmCham member; Hong Kong-based production company, is going boldly into the world of virtual reality (VR).

Hospitality
Award-winning New York bar and restaurant Employees Only announced today (23 June 2017) that it has opened its first Hong Kong outlet as part of its ongoing expansion plan in Asia.

Real Estate
With a record US$5.32 billion of mainland investment into Hong Kong property last year – up from just US$3.31 billion in 2015 – Hong Kong’s real estate market was second only to New York’s as a target for mainland capital in 2016. The inflow of Chinese capital is rapidly transforming the market for development sites and mature assets in the city

CSR
Most people think slavery is a heinous practice that no longer exists. Actually, it is thriving. According to the Global Slavery Index, 45.8 million men, women and children are languishing in slavery-like conditions today. 66% of them – or over 30 million – are in the Asia-Pacific region.

Apparel & Footwear
Myanmar has made strides to create a business friendly regulatory environment. The government has decreased the days required to start a business in Myanmar from 76 days in 2014 to 13 days in 2016 by simplifying the process , specifically removing the need to submit a reference letter and a criminal history certificate.

Greater China
Negotiations the best way to resolve long-standing economic disputes between the two superpowers, says top officials at U.S.-China business leaders summit in Washington

Health Care
On May 15, 2017, AmCham Leader Caroline Johnson, Chair of the Pharmaceutical Committee, and General Manager, Hong Kong and Philippines, AbbVie Limited was invited to speak to 300 high school students at Stewards Pooi Kei College about “Achieving Your Dream”.

Food & Beverage
Shake Shack Inc., the burger-and-fries chain founded in New York, will open its first location in Hong Kong next year, setting the stage for a push into the fast-food hotbed of mainland China.

Environment & Sustainability
The price of ivory in China has dropped sharply as that country plans to end the legal trade in ivory later this year, a leading elephant conservation group said in a new report. That’s great news for the world’s largest land animals.

What’s New in Washington