Industry News

City’s 13 stores to continue as they had been going in joint venture

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

Finance

Transportation

Intellectual Property
The International Conference of Data Protection and Privacy Commissioners (ICDPPC) has been the annual premier global forum for data protection authorities for over three decades

Trade & Investment

Education
AmCham President Tara Joseph speaks to the students of The Fund for American Studies (TFAS) at The University of Hong Kong on Monday, July 17.

Taxation
The current structure of U.S. corporate and income tax based on citizenship makes corporations and citizens abroad far less competitive than their counterparts. Here are the reasons

Law
On Sept 5, AmCham was honored to host Jeh Johnson, Former U.S. Secretary of Homeland Security, for a special luncheon event where he shared his insights on U.S. national security and international affairs.

Human Resources

Communications/Tech
Microsoft launched its Surface Hub in Hong Kong on Tuesday as it targets the digital transformation potential of companies in the city.

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
As the Greater Bay Area (GBA) initiative continues to gain momentum, Cushman & Wakefield Greater China Research is releasing a new white paper report

CSR
Corporations, banks and governments all have a role to play to stop slavery. The Anti-Slavery Summit will focus on how technology, data and regulation can tackle this crime.

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

Health Care
Yunfeng Financial Group Ltd, the company backed by Alibaba billionaire Jack Ma, agreed to buy an Asian unit from Massachusetts Mutual Life Insurance Co to add offerings such as death benefits and annuities.

Food & Beverage
McDonald’s will increase its number of stores in China and Hong Kong to 4,500 by the end of 2022, up from 2,500 currently, as part of a strategic partnership with Citic Ltd, CITIC Capital Partners and the Carlyle Group.

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
With Congress gaveling back in on September 5 after an eventful August recess, the House and Senate have an ever-increasing to-do list and a narrowing timeline in which to complete it.