Industry News

City among 13 new members of the China-led Asian Infrastructure Investment Bank

Entrepreneur/SME Focus

Finance
The IMF highlights the rule of law, a skilled labor force and an ideal location as Hong Kong's strengths but also cautions the rise of significant risks in a recent report

Transportation
China Southern Airlines Co Ltd (1055.HK)(600029.SS) said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc (AAL.O), giving the U.S. airline a stake in China's largest carrier.

Intellectual Property
The PRC courts’ determination to enhance protection for proprietors of trade marks and trade dress is reflected in recent decisions in trademark infringement and unfair competition cases. Damages awarded under AUCL are calculated by reference to the methods for calculating damages under the Trademark Law, applying the same factors. The upper limit of statutory damages under the PRC Trademark Law was increased from RMB 500,000 to RMB 3 million in 2014. Since this amendment to the PRC Trademark Law, we have noticed a trend for the PRC courts to exercise their discretion and award maximum or near-maximum statutory damages in claims for trade mark infringement, and also for claims under the AUCL.

Trade & Investment
City among 13 new members of the China-led Asian Infrastructure Investment Bank

Education
On March 14, AmCham hosted students from the University of Washington’s Foster School of Business for an industry briefing that covered both Hong Kong and Vietnam

Taxation
The corporate tax landscape of Hong Kong is about to undergo another reform for compliance with inter – national standards necessitated by the Group of Twenty (G20) and the Organisation for Economic Co-operation and Development (OECD). This time, it is on the protection of tax revenue by combating cross-border tax avoidance and tax evasion perceptually prevalent among certain multinational corporations (MNCs). And Financial Secretary has indicated that “Hong Kong is obliged to implement the project…against base erosion and profit shifting.”

Law
Akin Gump partners specializing in global trade, Stephen Kho and Tatman Savio, have spoken on the Trans-Pacific Partnership (TPP) trade agreement in an article by The Asian Lawyer, “TPP’s Uncertain Prospects Weigh on Asia-based Lawyers,” which noted that if the United States were to not ratify the TPP, it would render the trade deal a failure.

Human Resources
Peak24 is the corporate relay challenge that gives a taster of the student led 24 Hour Race to Hong Kong's business leaders and spreads word of our cause throughout the corporate world.

Communications/Tech
The Internet Society (ISOC) Asia-Pacific Bureau has recently launched its annual Regional Policy Survey for 2017 which looks at Internet policy related issues and trends in the region

Hospitality
Two months of improving data suggest the decline in retail receipts may have run its course with surveys showing their best results since mid-2015

Real Estate
With local property prices reaching record highs at the end of 2016, this year may be a good time to set our sights further afield. Brett Cameron, CEO of SkyPoint Realty Partners Limited, explains why a new wave of Asian investors are entering the North American market for multifamily real estate

CSR
AmCham just signed up to become one of the organization supporters of organ donation

Apparel & Footwear
On March 14, AmCham hosted students from the University of Washington’s Foster School of Business for an industry briefing that covered both Hong Kong and Vietnam

Greater China
China Southern Airlines Co Ltd (1055.HK)(600029.SS) said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc (AAL.O), giving the U.S. airline a stake in China's largest carrier.

Health Care

Food & Beverage
After Starbucks launched its latest mobile ordering feature in Hong Kong earlier this month, its executive director believes the next step for city coffee fans is to have their Starbucks order delivered straight to their doorstep.

Environment & Sustainability
The Chamber has been vocal in urging the government to collaborate more in devising a smart city strategy for Hong Kong as a priority issue to create a sustainable economy and improve the quality of life

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