27
With all the excitement surrounding the C40 gathering in Hong Kong and in the run up to the international climate change conference i n Cancun, envi ronment al concer ns have recent l y t aken a f i r m hol d of l ocal medi a at t ent i on. Coi nci dent al l y, on t he 19t h of November Hong Kong residents experienced a most unusual natural phenomenon for this area - a small but noticeable eart r r hquake. But envi ronmental and meteorol ogi cal experts are more i ntri gued about patterns i n Hong Kongs more prevalent natural occurrence - the typhoon. We are now at the end of the t r adi t i onal t yphoon season, and can l ook back at what has been an unusual l y mi l d year in terms of tropical storms. There were 14 typhoons in the Pacic this year which is, compared to an average of 26 to 27 annually (since 1951), an unprecedented drop. In fact, Hong Kong has enjoyed a period of relative respite from typhoons for over a decade now, a fact that most residents will likely think of with nothing but relief. No-one i s sure where the word typhoonf i r s t a p p e a r e d . I t ma y c o me f r o m t h e anci ent Greek word ty t p y hon whi ch means smoking, or it may derive from the Chinese t ai f engmeani ng a l i f t i ng wi nd. Over 90% of typhoons aff ecting this region or i gi nat e i n t he war m wat er s around t he Philippine Sea, spinning their way landward in a range from almost directly east (initially affecti ng the Phi l i ppi nes i tsel f), north east (affecti ng Vi etnam, Hong Kong, the south China coast and T a T T iwan), north north-east ( pr i mar i l y af f ect i ng Japan) , or due nor t h (aff ecting only some remote Pacic islands). But observers have recognised a westerly shift in typhoon patterns over the past 40 years, meaning a greater frequency in more tropi cal waters, but consi derabl y fewer i n the South China Sea. The damage caused by typhoons in the past has been consi der abl e; t ropi cal cycl ones are known t o ki l l more peopl e and cause more insured losses than any other natural di saster . The so-cal l ed Great Ty T T phoonof 1937 is sometimes considered Hong Kongs worst, killing some eleven thousand people - i nstruments i n the observatory, capabl e of registering winds up to 125 mph, simply broke down. A contemporary Time Magazine report descri bed the scene, Hong Kongs business section became a sordid shambles as the wind tumbled walls, roofs, windows, shop signs. Motorcar parts ew like pebbles. Steel l ampposts were bent al most at ri ght angles. A waist-high flood of stinking water a n d mu d s e e p e d t u r g i d l y t h r o u g h t h e waterfront streets.The year 1999 saw a spat e of t yphoons a n d b a d we a t h e r wh i c h k i l l e d a t l e a s t 1, 289 peopl e across t he regi on and cost a n e s t i ma t e d US$ 4. 5 bi l l i o n ( a t c u r r e n t value, nearly HK$45.8 billion). That year one al one, Ty T T phoon Yo Y Y rk, ki l l ed two peopl e i n Hong Kong, i nj ured another 500 and cost Hong Kong an est i mat ed HK$83 mi l l i on. But for several years now there has been a noticeable lull. 2008 saw one torrential storm, k n o wn a s Ty T T ph o o n Nu r i , wh i c h c a u s e d considerable damage and again killed two peopl e. But al t hough a di r ect hi t , i t was not a particularly powerful typhoon and the estimated nancial loss to Hong Kong from Nuri was, in comparison, only around 3% of that caused by T yphoon Y T T ork. Y Y On e p e r s o n a l wa y s o n t h e l o o k o u t f o r typhoons is 28-year -old, Gloucestershire-born typhoon hunterJames Reynolds. Reynolds By Sam Powney PAGE 7 Hong Kong’s Nepali Community PAGE 13 A Carbon Tale of Three Cities PAGE 12 George Osborne PAGE 22 Ceilidh In This Issue (Continued on page 2) D e c e m b e r 2 0 1 0 V o l 2 5 N o 1 1 www.britcham.com Plus • Lifestyle • News • Events

December Issu

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Page 1: December Issu

Withall the excitement surrounding the

C40 gathering in Hong Kong and in the run up

to the international climate change conference

in Cancun, environmental concerns have

recently taken a firm hold of local media

attention. Coincidentally, on the 19th of

November Hong Kong residents experienced

a most unusual natural phenomenon for this

area - a small but noticeable eartrr hquake. But

environmental and meteorological experts

are more intrigued about patterns in Hong

Kong’s more prevalent natural occurrence -

the typhoon. We are now at the end of the

traditional typhoon season, and can look

back at what has been an unusually mild

year in terms of tropical storms. There were

14 typhoons in the Pacific this year which is,

compared to an average of 26 to 27 annually

(since 1951), an unprecedented drop. In fact,

Hong Kong has enjoyed a period of relative

respite from typhoons for over a decade now,

a fact that most residents will likely think of

with nothing but relief.

No-one is sure where the word ‘typhoon’

f i rs t appeared. I t may come from the

ancient Greek word tyt pyy hon which means

‘smoking’, or it may derive from the Chinese

tai feng(颱風)meaning a ‘l i ft ing wind’.

Over 90% of typhoons affff ecting this region

originate in the warm waters around the

Philippine Sea, spinning their way landward

in a range from almost directly east (initially

affecting the Philippines itself), north east

(affecting Vietnam, Hong Kong, the south

China coast and TaTT iwan), north north-east

(primarily affecting Japan), or due north

(affff ecting only some remote Pacific islands).

But observers have recognised a westerly

shift in typhoon patterns over the past 40

years, meaning a greater frequency in more

tropical waters, but considerably fewer in

the South China Sea.

The damage caused by typhoons in the past

has been considerable; tropical cyclones

are known to kill more people and cause

more insured losses than any other natural

disaster. The so-called ‘Great TyTT phoon’ of

1937 is sometimes considered Hong Kong’s

worst, killing some eleven thousand people

- instruments in the observatory, capable

of registering winds up to 125 mph, simply

broke down. A contemporary Time Magazine

report described the scene, ‘Hong Kong’s

business section became a sordid shambles

as the wind tumbled walls, roofs, windows,

shop signs. Motorcar parts flew like pebbles.

Steel lampposts were bent almost at right

angles. A waist-high flood of stinking water

and mud seeped turg id ly through the

waterfront streets.’

The year 1999 saw a spate of typhoons

and bad weather which ki l led at least

1,289 people across the region and cost

an estimated US$4.5 bi l l ion (at current

value, nearly HK$45.8 billion). That year one

alone, TyTT phoon YoYY rk, killed two people in

Hong Kong, injured another 500 and cost

Hong Kong an estimated HK$83 million.

But for several years now there has been a

noticeable lull. 2008 saw one torrential storm,

known as TyTT phoon Nuri, which caused

considerable damage and again killed two

people. But although a direct hit, it was

not a particularly powerful typhoon and the

estimated financial loss to Hong Kong from

Nuri was, in comparison, only around 3% of

that caused by Typhoon YTT ork.YY

One person always on the lookout for

typhoons is 28-year-old, Gloucestershire-born

‘typhoon hunter’ James Reynolds. Reynolds

By Sam Powney

PAGE 7Hong Kong’s Nepali Community

PAGE 13A Carbon Tale ofThree Cities

PAGE 12George Osborne

PAGE 22Ceilidh

In This Issue

(Continued on page 2)

December 2010 • Vol 25 • No 11

www.britcham.com

Plus• Lifestyle• News• Events

Page 2: December Issu

as been covering typhoons and other extreme

weather phenomena for the past five years and

frequently contributes to CNN and other global

news networks reports. Though based in Hong

Kong, chasing dramatic storms has taken him to

the Philippines, TaTT iwan, Okinawa, and Vietnam.

‘TyTT phoons should be approached with caution,’

says Reynolds. ‘The old adage is: Run from the

water,rr hide from the wind. That means staying well

back from the coast and out of the path of flying

debris.’ While this year he has been concentrating

more on the recent rash of volcanic eruptions in

South East Asia, typhoons are something of a

first love. ‘I first got interested aftff er witnessing a

powerful typhoon firsthand in TaTT iwan in the summer of 2005. Having seen the effff ect in TaTT ipei,

I wanted to experience the centre of the typhoon - the eye of the storm as it’s called.’

But typhoons have an essential function besides providing dramatic photography and video.

Reynolds explains the pattern of cyclones, ‘They redistribute warm air from tropical waters

across to the milder mid-latitudes – places like Hong Kong. If there are too few cyclones

there can be drought, as was seen in south China in 2004.’ There is also an oscillation of

weather patterns to take into account. ‘The colder Pacific waters of a La Niña period cause

hurricanes in the Atlantic but milder wet seasons here. La Niña tends to follow on after a

warm water El Niño, which is responsible for flooding on the east coast of South America.

They tend to oscillate on roughly 6 year cycles, but it’s by no means predictable.’

A report in October from NaNN turerr magazine indicated that surface winds in the northern

hemisphere (mid-latitudes) have dropped by 5 to 15 % in the past three decades. A recent

article in the South China Morning Post (SCMP) suggested that the drop could even be due

to the much vaunted green energy source - wind power turbines. SCMP journalist Stephen

Chen described the current model of wind turbine as ‘a highly effff icient energy sucker’.

There is a theory that a large number of these turbines could affect ff weather patterns by

draining a significant amount of kinetic energy from passing winds. However unlikely this

may seem, it is true that wind turbines have become increasingly large. Far from the idyllic

sails of Dutch country mills, modern wind turbines can be over 100 metres tall and the total

structure often weighs more than 100 tonnes.

In contrast to Hong Kong’s solitary wind turbine on Lamma Island, mainland China has

made wind power one of its core renewable energy focuses, and now has more wind

turbines than any other nation. China’s commitment to wind power has shot into the

headlines recently in connection with its cap on exporting ‘rare earth’ minerals. Rare earths,

in which north-central China is especially abundant, are a vital ingredient in the manufacture

of modern wind turbines. Coincidentally, many of China’s wind farms are built in the very

areas where the rare earths are mined. In particular, the autonomous region of Inner

Mongolia is blessed both with the bulk of rare earth fields and with high winds across its

corridors of grassland and desert. So extensive has been China’s building of wind turbines

and such a plank of the government’s energy strategy, that the small but consistent drop in

wind forces is already giving Chinese leaders and scientists cause for concern.

As the artrr icle in the SCMP points out, given their investment in wind power Chinese offiff cials

arerr understandably rerr luctant to contemplataa e the idea thataa wind turbines arerr rerr sponsible for the

change in wind speeds. Thererr arerr besides, many other possible rerr asons behind the lull. Climataa e

change and building construction are perhaps more likely culprits. Hong Kong’s ‘wall effff ect’

of closely packed high-rises is rarerr ly seen as a positive situataa ion, but it does shelter inner-rr city

rerr sidents frorr m the full furyrr of typhoon forcrr e winds. Beforerr the building boom of the seventies,

Hong KoKK ng Island and KoKK wloon rerr sidents took typhoon warnings much morerr seriously,yy whererr as

nowadayaa s severerr weataa her warnings see people, given the dayaa offff , queuing up outside cinemas.

Then again, there may be no culprit at all. A favourite resort of climate change deniers is that

long term shifts in global weather patterns are and always have been apparent. Scientists

are at pains to explain that human carbon emissions can contribute to just such long

term shifts. ToTT look at the shift in a more nuanced light, it could be misleading to assume

that every long term weather shift has a human origin just as it is foolish to attribute every

immediate natural disaster to global warming. This was also the opinion of the authors of a

recent study carried out in the Pearl River Delta, gathering indications of typhoons over the

somewhat breathtaking span of 8000 years. Researchers from the South China University of

TechnologyTT (Guangzhou) and the University of Hong Kong studied the impact of typhoons

in the delta by analysing offff shore boreholes, beach-dune barriers, historical records and (more

recent) instrumental documentation. They noted the significant decline since the mid 1970s

and its likely relationship with the El Niño weather patterns (notably affectingff the southern

Pacific), but could not give a definite explanation as to its cause. It is without doubt an

unusual shift, though it is not without precedent – therrr e was apparently a lesser incidence of

typhoons during the so-called ‘Little Ice Age’, characterised by bitter winters, that stretched

from late medieval times to the mid nineteenth century (or, more relevant to this region, the

Ming and Qing dynasties).

Wind patterns are an area that scientists are especially wary of trying to account for or

predict. Essentially, we still do not properly understand what causes winds to form, nor very

often what determines their direction. Whatever the underlying cause may be, and even if it

is purely due to chance, Hong Kong has recently been spared the full brunt of typhoon fury.

Indeed, throughout the China region the winds have been unusually still.

FoFF r up-to-date infoff rmrr ation on tyt pyy hoons affff eff cting Hong Kong, visit the Hong Kong

Observatory website: r www.hko.gov.hk/contente.htm

KiKK nii d thankskk to James Reynyy olds foff r providing images. FoFF r more ini foff rmrr ation, visit the

website: www.typhoonfury.com. Tel: 68044213TT

People walk through fl ood waters after Typhoon Xangsane in Hoi An, Vietnam, 2006

People doused by rain from TyphoonTTKrosa in Taiwan, TTOctober 2007

Man photographs huge waves in TaiwanTTfrom Super-typhoon Jangmi, 2008rr

Strong winds as Typhoon Sinlaku hits Taiwan, September 2008

www.br i tcham.com2

COVER STORY

(Continued from cover)

Page 3: December Issu

By Simon Mair

Simon Mair of the China IPR SME Helpdesk gives advice on that most challenging aspect of doing business in China – intellectual property rights.

What is IPR?Intellectual property rights are legally enforceable rights over the use of inventions or other

creative works. They confer a right to exclude others from their use. Securing your IPR will

help you to prevent and enforce against infringers profiting from your innovation or brand by

passing it offff as their own. IP falls into the categories of rerr gistrable and non-registrable IP rights.

Registrable IP rights are territorial, which means they havaa e to be claimed and assertrr ed in each

countryrr individually.yy Registered IP in another countryrr is not recognised in China; therefore, it is

strongly recommended that you register your IP assets in China before entering the market.

The best way to prevent IPR-related issues is to use a layered, holistic IPR protection strategy,yy

which includes protection both by registration of your registrable rights and other methods

such as contractual protection (confidentiality agreements, IP protection clauses in employee

agreements) and internal security measures (limited access to certrr ain work areas, etc.).

The main types of IP rights are:

CopyrightsCopyright protection is provided for written, oral, musical, dramatic, choreographic,

artistic, architectural, photographic, cinematographic, audio-visual, graphic works

and computer software. While you do not need to register your copyright for

protection, you may voluntarily register to prove ownership in China.

TrademarksA trademark is a sign that servrr es the specific and primaryrr purpose of identifyff ing the

goods or servrr ices of a producer,rr thus allowing the consumers to distinguish goods

or servrr ices of one producer from those of another.rr YoYY u can register either by filing an

application directly at the China TrTT ademark Offiff ce (domestic application) or by filing an

application at the World Intellectual Propertrr y Organisation (international application). If

you are making an international application, your trademark may have to be registered

in your home countryrr before requesting the extxx ension of the trademark to China.

PatentsA pataa ent is a set of exclusive rights granted to the inventor of a technical solution of a

prorr duct for a limited amount of time. Thererr arerr threrr e diffff ererr nt types of pataa ents in China:

1. Invention patents, which are granted for innovations in the field of technology

that are new and inventive over the prior art;

2. Utility models, which are granted for a new shape and / or structure of an object;

3. Design patents, which are granted for the original shape, pattern, colour, or a

combination thereof, of an objb ect. Foreign companies without a registered offiff ce in

China must file a patent or trademark application with the help of a local patent or

trademark attorney.yy

An effectiveff IPR strategy is essential to the development and success of businesses

everywhere, including China. It is best to prevent IPR issues before they arise by

carefully guarding and registering your IP assets before entering any new markets.

Case Study: Trademark Registered by a Competitor

BackgroundIn February 2009, an Italian SME in the ceramics industry discovered that its

trademark had been filed in China by a Chinese company and a Chinese individual.

The SME contacted the China IPR SME Helpdesk and asked for advice on how to

address this issue.

Action TakenThe helpdesk suggested the SME search through the online trademark search

engine of the China TrTT ademark Office (CTMO) to learn more details about the

filing. Through this action, the SME learned that the two filings included the same

name and a near identical graphic design as the Italian company’s trademark.

The helpdesk then informed the SME that it could file an opposition against the

trademark, as the filing date was recent and therefore still within the trademark

opposition window. They also recommended a strategy for trademark opposition

action which the SME successfully implemented to negate the filing.

Lessons Learned• China is a first-to-file jurisdiction. If you do not register your IP assets (i.e.,

trademarks, patents, design, domain names), Chinese competitors can and

oftff en will register your rights in China, leading to the possibility of you buying

back your own trademark or facing legal action or even seizure. Preventative

registration is essential to any IPR strategy and strongly recommended before

entering the China market.

• In this particular case, the Italian SME became aware of IPR infringements

through the careful monitoring of competitor registration activities and

immediately took action to protect its rights. If the SME discovered the

infringement after the trademark opposition window had closed, it would

have had to proceed with a trademark invalidation procedure or buy back the

trademark from the infringer, which are longer and more expensive processes.

Monitoring and defensive action will oftff en prove much quicker and more effff ective

than enforcement proceedings.

Dos and Don’ts of IPR StrategyKey points for protecting your company’s rights.

DO:1. Identifyff and prioritise your key IP assets. Know which ones are important for your

business and how you can effectively prff otect them.

2. Register your IP before entering the Chinese market. YoYY u can deal with

infringement more efficiently if you already have protection in the territory.

3. Consider putting into place protective measures for your know-how and other

unregistrable and registrable rights, such as:

DON’T:1. Presume that your IPR is automatically protected in China if you already have

registrations in other countries

2. Assume that IPR is only confined to products. Brochures, websites and other

promotional materials can be infringed as well.

3. Presume that because the time to get a trademark granted in China is very long

(24-36 months), there is no real use in applying for a trademark in China. China

uses the first-to-file system (as opposed to the first-to-use), which means that

the party who files an application first is the one most likely to become the owner

of the trademark. AwarAA eness of these issues is paramount.

4. Rely on others to rerr gister your IPR for you. Don’t leavaa e this to your sourcrr ing partrr ner

or manufaff cturerr r; do it yourself with the help of a China-experienced IPR lawaa yww er.rr

ThTT e China IPR SME Helpdesk is fuff nded by the European Commission. WeWW bsite:

www.china-iprhelpdesk.com.p pww

A Quick Guide toA Quick Guide toIntellectual Property Rights in ChinaIntellectual Property Rights in China

3December 2010 • Vol 25 • No 11

BUSINESS

Page 4: December Issu

Kevin TaylorTT

It seems as if we have only just come back from summer holidays and already we find ourselves in December with the holiday season fast approaching.

But before you race out to get all of your Christmas shopping done I would like to reflect on some of the successes the Chamber has had over the last

year and also start to think about the coming year and the opportunities it holds in store for our community in Hong Kong.

I should startrr by thanking our members for their terrific supportrr throughout the year.rr Our committees are producing some excellent outcomes, we are

making a diffff erence to government policy in Hong Kong by thoughtful insight and excellent relations with the government, we have held 200 events during

the year and I would like to thank Christopher Hammerbeck and his excellent staffff for making the British Chamber’s year such a great success. That

number is superb. It is over 4 events for each week of the year,rr including speakers, education, networking and other maja or events such as the SCB British

Chamber Ball. And in addition, over HK$1 million was raised for charities which the British Chamber supportrr s throughout the year.rr Well done everyrr one.

October and November havaa e been partrr icularly memorable months; we wererr honourer d with the visit of HRH Prince Andrerr w, The Duke of YoYY rk who spoke ataa

a luncheon organised by the Chamber whilst visiting Hong Kong in his capacity as The UK Special Reprerr sentataa ive for TrTT ade and Investment. WeWW held a highly

successful luncheon whererr The Rt Hon George Osborne, Chancellor of the Exchequer spoke to the Chamber during a visit to Hong Kong beforerr travaa elling to

Seoul for the G20 Summit. Thererr is no doubt the Chancellor gavaa e us plenty of optimism rerr garding rerr lataa ions between the UK and Hong Kong and we can feel

veryrr confident of ties rerr maining as strorr ng as ever.rr Earlier in the same week we had an excellent brerr akfkk aff st meeting with The Rt Hon Michael Gove, Secrerr taryrr

of Stataa e for Educataa ion. I was imprerr ssed by how well briefed the Secrerr taryrr of Stataa e was rerr garding our educataa ion system. Throrr w in the hugely successful British

Chamber YNetwork Scottish Ceilidh ball, the TaTT nner De Witt Brerr aktkk hrorr ugh Boxing event and the Britcham, BT and KPMG Bledisloe Cup WaWW rm-up lunch, and

it was a veryrr active faff ll season for the Chamber.rr In two weeks we wererr joined by over 1000 of our members and their guests ataa these events.

On the prorr gramme frorr nt we havaa e seen the British Chamber Angels Prorr gramme connecting investors and business ideas, becoming the leader foff r entrerr prerr neurs

in town. On the development of our youngsters, we arerr crerr ataa ing job opportrr unities, we launched a prorr gramme with the Hong KoKK ng VoVV cataa ional TrTT aining Council

supportrr ed by HSBC, China Light and Power,rr AtAA os Origin and BT to give our Hong KoKK ng youngsters who perhaps havaa e not had the opportrr unity to go to

university the chance to join Multi Nataa ionals and prorr grerr ss. On the envirorr nment side, together with the Canadian Chamber and the British Consulataa e, we

organised the highly successful ‘Carbon TaTT le of Threrr e Cities’ panel discussion, whererr high level city rerr prerr sentataa ives frorr m London, Hong KoKK ng and ToTT rorr nto set

foff rwrr ardrr the imprerr ssive envirorr nmental prorr grerr ss thataa their cities havaa e been making. ToTT mention some of the other aspects of our busy prorr gramme this year,rr we

also had a veryrr intererr sting sustainability showcase ataa Hong KoKK ng Internataa ional Airportrr and continued our dialogue with government on various consultataa ions.

This is also the time of year to thank our supporters in London - I must say that the UK coalition government has supported the British Chamber in

Hong Kong brilliantly since they came to office. I would like to thank Sir Andrew Cain, the Head of the DTI for encouraging our politicians to think Hong

Kong; Baroness Dunn, Robert Guy and the Hong Kong Association in London for their sterling work promoting Hong Kong/UK relations and of course

Sir Henry Keswick of Jardine’s for his excellent support for our Chamber from London. Finally if we had a British Chamber ‘Person of the Year’YY award it

would go to Andrew Seaton, our excellent Consulate General in Hong Kong for his unwavering support.

During 2011 we will look forward to continuing to work on the issues of the day and promoting our Members’ business interests with the HKSAR

Government in the best way. Prior to this issue the Chamber has been sending requests to Members to participate in our annual Business Confidence

Survey. The survey represents a vital communications link between our members businesses and the HKSAR Government. Areas that are highlighted

for particular praise or concern will be raised with the relevant authorities by The British Chamber of Commerce in Hong Kong. YourYY participation is not

only greatly appreciated, but it sets the Chamber’s agenda with the government to focus on issues most important to you. This puts you in a position

to help make the coming year a successful one focused on key areas of concern.

On educataa ion, as everyrr one knows we havaa e been encouraging the HKSAR government, so faff r without any success, to help a number of partrr ies to open up

morerr internataa ional standard primaryrr school places. WeW arerr a global internataa ional city,yy and without adequataa e school places we will not fully achieve our potential.

This situataa ion is not acceptable. On the plus side, I was rerr cently invited to Hong Lok YuYY en Internataa ional School. Whataa a grerr ataa surprise! It is an Internataa ional

school situataa ed in a beautiful arerr a, only twenty minutes frorr m the East Harbour tunnel and with its own sportrr s field! Ruth Woodward and her teachers arerr doing

a grerr ataa job, the childrerr n arerr happy and arerr getting grerr ataa educataa ion, and they still havaa e a few primaryrr school vacancies. Snap them up quick!

On the economic front, although we see challenges in a number of economies such as Ireland, I am very optimistic for 2011 regarding the economy

going forward. Hong Kong will continue to benefit global multinational companies investing in China, the emerging China multinationals globalising, and

Hong Kong becoming a natural financial hub for China. On the global front, the UK is starting to move forward. UK growth at 2% in the last six months

is great to see - may it continue and, as the Chancellor of he Exchequer mentioned, when the US starts to grow again we will really start to see a

brighter global economy ahead. It might take a while yet, but we are seeing improvement.

Finally, our Chamber remains very well placed and highly active in the Hong Kong business scene, being involved in all of the matters that impact on

our membership’s interests.

I look forward to the Chamber continuing to develop into 2011. May I wish you and your families a Merry Christmas and a Happy New YearYY .

Best rerr gards

CHAIRMAN’SMESSAGE

EditorsIan CruzSam Powney

DesignBill MoAlan WongWWKen NgMan Lo

Advertising ContactCharles Zimmerman

Project ManagementVincent FoeVV

Jointly Published bySpeedflex Medianet Ltd andflThe British Chamber ofCommerce in Hong Kong1/F// ,FF HuHH auu QiQQ nii InII tett re nrr atitt oii nal Buiuu lii dll idd nii g340 Queen’s Road Central, Hong Kong’Tel: 2542 2780TTFax: 2542 3733Email: [email protected]: [email protected]

[email protected]: [email protected]

British Chamber of Commerce Secretariat

Executive DirectorCJA Hammerbeck CB, CBE

General ManagerCynthia WangWW

Marketing andCommunications ManagerHilary Thomasr

Special Events ManagerBecky Roberts

Business Development ManagerDovenia Chow

Membership ExecutiveLucy Jenkins

AccountantMichelle Cheung

Executive AssistantJessie YiYY pii

SecretaryYammie YYY uenYY

Office AssistantfiSam Chan

Room 1201, Emperor Group Centre, 288 Hennessy Road, WanchaiTel: 2824 2211Fax: 2824 1333Website: www.britcham.com

© Allll pubuu lill sii hed matett rirr aii l isii copo ypp ryy irr gii hgg t prorr tett ctett d.dd PePP rmrr isii sioii ninii wrww irr tii itt nii g frff orr m thtt e PuPP buu lill sii heree srr must be obtatt inii ed foff r thtt ererr pee rorr dudd ctitt oii n of thtt e contett ne tstt , whww olell or inii partrr .tt ThTT e opo inii ioii nsexee pxx rerr ssed inii thtt isii pubuu lill cii atitt oii n arerr not necessarirr lii yl thtt e opo inii ioii nsof thtt e PuPP buu lill sii hersrr . ThTT e PuPP buu lill sii hersrr assumuu e no rerr sps onsibii ilii ill tii ytfoff r inii vevv stmtt enee t or lell ge agg l advdd ivv cii e contatt inii ed heree err iee nii .

STAFF TURNOVER . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5A SPIRITED DEBATE . . . . . . . . . . . . . . . . . . . . . . . . . . 6NEPALI COMMUNITY IN HONG KONG . . . . . . . . . . . . 7VISAS TO THE UK . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8ANGEL INVESTORS . . . . . . . . . . . . . . . . . . . . . . . . . . 10GEORGE OSBORNE’S VISIT . . . . . . . . . . . . . . . . . . . 12A CARBON TALE OF THREE CITIES . . . . . . . . . . . . . 13ECO EXPO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14SUSTAINABLE STRATEGY . . . . . . . . . . . . . . . . . . . . . 15

HIT CONTAINER PORT . . . . . . . . . . . . . . . . . . . . . . . . 16BAR REVIEWS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18LAWN BOWLS EVENT . . . . . . . . . . . . . . . . . . . . . . . . 20DIAMONDS FOR CHRISTMAS . . . . . . . . . . . . . . . . . . 21CEILIDH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22NEW APPOINTMENTS . . . . . . . . . . . . . . . . . . . . . . . . 24NEWS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25NEW MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26SHAKEN NOT STIRRED . . . . . . . . . . . . . . . . . . . . . . . 27

The Magazine of the BritishChamber of Commerce in Hong Kong

Page 5: December Issu

The Hudson Report is an established and highly respected publication, based on

in-depth research. Released quarterly, the report uncovers and analyses the hiring

expectations of Asian employers in China (Beijing and Shanghai), Hong Kong and

Singapore over the coming quarter and provides insights into a range of human

resource issues currently impacting business and the broader Asian economy.

The State of Work-Life Balance in Hong Kong 2010 Survey is an annual tracking

survey of the work-life trends of Hong Kong’s working population. Specifically, the

survey examines employees’ working and living patterns, their satisfaction with

work and life, as well as the problems employees face in achieving a healthy work-

life balance and their desired solutions to overcome such challenges. The report

is written by Community Business, a leading non profit organisation specialising in

Corporate Social Responsibility (CSR) in Hong Kong. .

The Hudson Report is broadly positive about the increased level of hiring since the

economic recovery, but it also carries a warning that increasing turnover can belie a

company’s apparently robust hiring rate. High turnover can be a sign of the improvement

in the economy. In an economic downturn, employees may be more concerned with job

security and hold onto a job they are not necessarily content with, whereas in a more robust

economy, employees may feel that they have more options.

Still, the cost of high turnover rate is considerable – an MIT Sloan report from last year

estimated that, with direct and indirect costs, the price of replacement should be estimated

as being about 150% of a staffff member’s remuneration package. That quantity may seem

unlikely, but it tries to include an estimation of that diffff icult to quantifyff aspect, employee

morale. Moreover,rr a large number of companies do not take into account that some staffff

both join and leave within the year.rr Furtrr hermore, many of the companies plagued with the

most dramatic turnover rates are precisely those that fail to properly account for staffff turnover

between annual record-takings (ie. employees that join and leave within the year)r .

Hudson: Nearly one third of companies say staff turff nover is above 10%.

Respondents reportrr ing a change in

staffff turnover in the past six months

were asked about the average

turnover rate in their company

during that time. Overall, nearly

one-third (30%) of respondents say

that the turnover rate was more

than 10%. The figures for certain

sectors are significantly higher.rr

Community Business: Leaving Current Job for Better Work-Life Balance

• Almost four out of ten employees (39.0%) claim that they would consider leaving their

current job for better work-life balance. This percentage represents a significant increase

from last year (30.1%) and likely reflects the improvement of the economic environment.

• When Community Business isolated the responses of the post-80s generation, they

found that up to 61.5% of post 80s respondents said they would consider leaving their

current employer for better work-life balance.

The immediate challenge raised by reports like these is to ascertain the reason for the

current trend. Any shift can be looked at in terms of broad social change, but observers

commonly ascribe the root cause to a change in the nature of companies (employers), a

change in the nature of employees, or a change in the nature of work itself.

A common line of thought is thataa high turnover has a close rerr lataa ion to company culturerr ; in some

industries it is habitual. But even for the companies who arerr concerned about accelerataa ing stafaa fff

turnover,rr the rerr sponsible dynamic mayaa be hard to isolataa e. Maja or employers mayaa not see any

discernible change in their work or payaa structurerr , but the widening wealth gap can leavaa e their

stafaa fff worse offff financially than beforerr . For example, if a company’s’ payaa packages do not keep

in line with prorr pertrr y price rises, some of its employees mayaa be forcrr ed to seek morerr highly paid

work even if they arerr largely sataa isfied with their jobs.

There is a widespread belief that the post-80s generation are less content to remain

at a single job for long, and that they care more about the nature of their work than

previous generations. On the other hand, this could be more to do with age bracket than

generational shift. When people have families to support, they must largely forego changing

jobs and taking time offff ; by and large the post-80s generation haven’t yet reached that

stage. However, the Community Business report does show a significant increase in the

number of people who are not motivated solely by profit and promotion. One can guess

that the additional number who would willingly change jobs for a higher salary (or for a

combination of factors) might be even more significant.

Community Business’s focus on the balance between work and leisure time ties into the

wider debate in Hong Kong about working hours. The maja ority of employees surveyed

(77.7%), including 83.3% of post 80s employees, experience negative impacts due to a lack

of work-life balance, including prolonged fatigue and extreme tiredness (57.2%), insomnia

and poor diet due to work pressure (34.9%). “These issues take a toll on workers’ health,

productivity and absenteeism, all of which impact the bottom line for businesses,” said

Robin Bishop, Chief Operating Officer, Community Business Community. “The findings of

our latest survey should serve as a wake-up call to employers in Hong Kong. If companies

do not begin responding to the needs and experiences of its employees, particularly

of these younger employees who are the future leaders of industry, they will face huge

difficulties in recruitment and retention of key talent,” Community Business launched Work-

Life Balance Day in 2008 - a platform for companies to demonstrate their commitment to

work-life balance and to recognise it as a business issue.

Another factor that may be impacting the increased turnover rate is the changing nature of

work itself. There is an unease, especially in some Western economies, that the crisis may

reveal swathes of the broadly termed ‘services industry’ to be essentially unsustainable or

frivolous. For example, website allure has allowed some start-ups to skip between largely

unrelated projects without ever developing a core expertise. Inevitably, this sort of centrally

dysfunctional mindset has a heavy impact on employee morale.

Morale and societal changes can be hard areas for companies to analyse and work with.

Nevertheless, staffff turnover does seem to be a very real and worsening trend. A renewed

focus on engaging employee needs and motivations could save companies a good deal of

time, effort and moneyff .

Hudson: http://hk.hudson.com

Hudson Report: http://hk.hudson.com/node.asp?kwd=the-hudson-report

Community Business: www.communitybusiness.org

The State of Work-Life Balance in Hong Kong 2010 Report:WW

www.communitybusiness.org/images/cb/publications/2010/WLB%20eng%20R3.pdf

Staff TurnoverStaff TurnoverIt’s a headache for managers and a signifi cant expense for companies, but the pace of staff turnover appears to be accelerating. In recent months two reports have highlighted a vicious circle of low morale and high turnover.

By Sam Powney

Consider Leaving Current Job for Better Work-Life Balance (2010 and 2009)

Percentage of Respondents

Res

pons

e YeYY s

No

Don’t Know/Hard to Say

0 20 40 60 80

2010

200939.03

30.0

2.31.7

58.7868.2

Average Staff Turnover Rate in the Last Six Months

1-5%

6-10%

11-20%

21-40%

41-60%

6%

33%

37%

1%

23%

Source: The Hudson Report. Hong Kong - Q4 2010

5December 2010 • Vol 25 • No 11

BUSINESS

Page 6: December Issu

It’s been nearly two years since Financial Secretary John Tsang TT eliminated duty on wine

and beers in early 2008, with a view to help turn Hong Kong into a regional wine hub for the

emerging market on the mainland and for the entire region. With the emerging market for

wine in Asia, it was a move that saw the government’s hopes come to fruition; Hong Kong

is now the second largest market in the world for wine auctions, just behind New York.YY It

bolstered the industry and brought businesses, importers and merchants flocking to Hong

Kong to ride this new wave of success.

However, despite the emergence of a fruitful market for wine in Hong Kong after the

elimination of duty on wine and beers, the market for premium spirits, a significant aspect

of the alcohol industry, doesn’t seem to garner the same kind of focus as wine. This is most

clearly evident through the existing excise duty of 100% that spirits are still subjected to

here. Naturally, this has been a point of contention for many in the drinks industry.

In response, many industry insiders and pundits, including the Hong Kong Wine and Spirits

Industry Coalition, are calling for the reform of Hong Kong’s excise duty arrangements for

spirits. While not arguing for a complete elimination of duty, the industry is calling for a

combined system using either the 100% ad valorem rate on product value, or a duty based

on volume of alcohol in a bottle of spirits, paying $100 per litre of pure alcohol - depending

on which is lower in each case.

By international standards, the current excise duty in place in Hong Kong is extremely

high. The proposed duty based on volume is common practice in other markets.

For example, in the UK, duty is levied on spirits at £22.64 (HK$280) per litre of pure

alcohol. Those calling for the reform argue that keeping duty to a more reasonable level

would ultimately benefit consumers and the government, as well as the industry. With

consumers facing unfair punitive taxes for premium spirits, this ultimately drives them to

acquire spirits from other markets with lower taxes, such as Macau or Shenzhen, stunting

the potential growth for the market for premium spirits in Hong Kong. By implementing

the reform, not only could it stimulate consumer spending for premium spirits locally, it

would also be more transparent, easy to implement, and could reduce the administrative

burden on the tax authorities.

Currently, the market for spirits seems to be in a diffff icult situation. Though the drinks

industry may believe that the divergence between wine and spirits needs to reduce in order

to build a market for premium spirits (possibly entailing a slight rise in the tax on wines), the

popular interest in wine makes that case harder to argue. Hong Kong’s wine industry has

gone from strength to strength ever since eliminating duty with the value of wine imports,

increasing 80% to HK$4 billion from 2008 to 2009, and is expected to rise to over HK$5

billion this year. As that market increases, and increases the divergence, it overshadows the

market for premium spirits, making it seem less viable. In fact, a study conducted this year

by France’s Vinexpo (wine trade and exhibition group) and the International Wine and Spirits

Record stated that given the rising popularity of wine in Asia, the consumption of spirits is

expected to decline across the region.

However, despite the uphill battle, all is not bleak for spirit enthusiasts in Hong Kong.

Undeniably, there is a small but emerging market for spirits in Hong Kong – most notably for

single malt whiskies. Not only are they being more widely recognised for their quality as a

drink, but the exclusive image of owning a rare single malt whisky is beginning to take hold

of those looking to invest as well; much in the same way that wine did just a few years ago.

This was evident from the overwhelming success of Hong Kong’s first auction devoted to

whisky, organised by Bonhams in November last year, which sold all its lots, with certain

bottles going for up to over twenty or thirty thousand dollars. Following the success of last

year’s event, Bonhams held another successful whisky auction just last month.

Unfortunately, the government currently doesn’t have any plans to turn Hong Kong into a

hub for premium spirits in the way that they did for wine. They still have not mentioned any

intentions to cut tax on spirits, stating that making them cheaper could potentially lead to an

increase in health problems if people drink harder liquors more frequently. The debate rages

on, but for the time being it looks as though spirit enthusiasts will still have to pay that little

bit more for their premium drinks, and continue the fight for a tax reduction.

The elimination of duty on wine and beer in early 2008 has made Hong Kong one of the world’s foremost wine hubs. But for spirits the excise duty remains at 100%, spurring the drinks industry to call for reforms.

By Ian Cruz

A Spirited DebateA Spirited Debate

www.br i tcham.com6

BUSINESS

Page 7: December Issu

REGULATION

At the root of the Nepali community’s beginnings in Hong Kong is the Gurkha

component of the British Army Garrison of Hong Kong, which continued from the early

sixties to the handover in 1997. Gurkhas are Nepalis who serve in the armed forces of their

own country, India, the United Kingdom, and Singapore, amongst other places.

When Nepalis first came to Hong Kong with the British Army is lost in the mists of time.

However, what can be taken as the beginning of Gurkha service in Hong Kong was the

end of British India in 1947, when eight Gurkha battalions became stationed in what was

then Malaya; one of which was rotated through Hong Kong’s New TerritoriesTT on a two year

tour. When the Malayan Emergency ended in 1958, four Gurkha battalions found a base in

Hong Kong, which then became the home of all Gurkhas in the British Army, and remained

so until 1995. Hidden away in Fanling in the New Territories,TT over 8,000 Nepali soldiers and

their families created a Nepali community inside their barrack boundaries, complete with

quarters resembling villages, schools, clinics, goldsmith shops and Hindu temples. Most of

the soldiers only had their families with them for three years out of the fifteen they served as

soldiers, but since Hong Kong was by far the safest place to have a baby, there was always

a race against time to have their baby born at the British Military Hospital (BMH) in Queen’s

Park in Kowloon. Some families managed two children in the available time. All the babies

born there had and retain the right to reside in the place of their birth.

In ways it scarcely noticed, Hong Kong owed much of its security to Gurkhas for over

three decades. Gurkha troops were moved to the Sino-Hong Kong frontier in 1967, initially

rescuing policemen who had been attacked by Red Guards in Sha TauTT Kok, then stayed to

prevent incursions and stabilise the border. They backed up the police in the riots across

the territory that year. They were back on the frontier in 1975, staying there for the next

twenty years, preventing the vast influx of illegal immigrants that threatened to swamp Hong

Kong. At the height of this problem in 1979, when there were five battalions deployed along

the border, four of them Gurkha, 90,000 illegal immigrants were captured in a single year.

In the early nineties, when the fall of the Warsaw WW Pact meant large reductions in the size

of the British Army, many of the Gurkhas made redundant built a second, civilian life in

Hong Kong. From about 1995, an increasing numbers of soldiers who had been born here,

settled back in Hong Kong and started to work in the security and construction industries.

Many brought their children and parents with them as dependents.

As the years passed, the children of these immigrants grew up, started to work here and

often married others from Nepal. Although Hong Kong closed its doors to contract and

domestic Nepali workers in 2002, the population had by then stabilised at much the size it

is today, topping itself up by births and marriages.

In the mid-nineties, the employment that members of the Nepali community could find in

Hong Kong was limited by their skills and education. Most soldiers had been plucked out

of schooling at the age of 16 or 17, so few had any useful civilian qualifications. Initially,

men became construction workers and security guards, with the qualified becoming

drivers, and the better-built and martial arts-trained becoming bodyguards. Their wives

were worse off with only cleaning or jobs in nursing homes, supermarkets or beauty

parlours open to them.

This remains a big problem for the Nepali in Hong Kong, and one which sadly perpetuates

itself. Nepali parents cannot afforff d to send their children to expensive schools and find that

government schools have little provisions for ensuring that pupils of minorities get extra

tuition in Chinese. The result is the inability to read and write in the language that will get

them a job. Thus, a permanent underclass has been formed in Hong Kong and it is an issue

that is in need of attention from the Hong Kong government.

Not all is gloom though, and Hong Kong’s hospitality industryrr has provided a way out of the

trap for many young Nepali men and women who can put their characteristic charm and good

looks, and their usually fluent English language skills, to good use in helping all of us enjoy our

evenings out. The more enterprising have become middle managers in some of the bigger

international insurance and finance firms here. Others have taken the plunge and set up their

own businesses, from small shops and Gurkha restaurants servrr ing their own community,yy to

bigger enterprises like restaurants servrr ing the wider community in places like Staunton Street.

Others still have formed their own successful construction and security companies.

Hong Kong’s Nepali community is here to stay. It abounds with the characteristic talent

that has made Gurkhas so sought aftff er by the British Army for nearly two hundred years,

and has a huge amount to offff er Hong Kong. Many of the Nepalis working here make

our lives enjoyable and secure. Next time you meet one of Hong Kong’s Nepalis, take a

moment to reflect on the illustrious history which gave them their origins here, say hello

and find out about them.

The Gurkha International Group4th Floor Hilltop Plaza, 49 Hollywood Road, Central, Hong Kong

Tel : +852 25064251TT

Direct line: +852 21084828

Fax: +852 25062790

Mobile : +852 6977 2798

Webpage :WW www.gurkha.com.hk

By Nigel Collett

Those of us who eat, drink and generally have a good time in Hong Kong’s various popular night spots will not have failed to notice that many of the smiling staff serving your drinks, or tactfully – if fi rmly– keeping drunken strangers out on the pavement, are Nepalis. This is something that may surprise newcomers to Hong Kong. Nigel Collett explains how they and the approximately 20,000 of their fellow Nepalis estimated to be in the city, came to become Hong Kong’s Nepali community.

HONG KONG’S HONG KONG’S NEPALI COMMUNITYNEPALI COMMUNITY

7December 2010 • Vol 25 • No 11

COMMUNITY

Page 8: December Issu

By Annie Galea

Long term visit visas, streamlined operations and cutting edge technology are

making the UK visa application process very smooth for Hong Kong applicants.

Most Hong Kongers do not need a visa to travel to the UK if they are visiting for less than

six months and not undertaking employment. However, many others still do.

Being such a multicultural city, many Hong Kong residents are nationals of countries who

need a visa even if they are just going to the UK on a quick business trip. For example,

nationals of India, mainland China, South Africa, and the Philippines all require a visa to

visit the UK.

The UK Border Agency recommends that people in this category consider applying for a

Long Term VTT isit Visa. These visas are available for up to 1, 2, 5 and 10 years.

James Sharp, UK Border Agency’s Regional Director for Asia Pacific says, “Long TeTT rm Visas

are a great option for Hong Kong residents requiring a visa who need to make regular trips

to the UK either for business or to visit family.

“They are cost effectiveff and allow you to travel at the drop of a hat as you do not have to

apply for entry and give biometrics every time you wish to travel.”

How do I apply?Making a visa application to travel to the UK is a straight-forward process in Hong Kong.

Applicants should visit the British Consulate General website, www.ukinhongkong.fco.gov.uk

for information on how to apply and visa requirements. All application forms need to be

completed online.

Applicants then need to visit the Visa Application Centre at the British Consulate General

to provide biometrics – fingerprints and digital photographs – and submit their application.

Their application is then sent to Manila in the Philippines for processing.

So how long does it take to actually get a visa? Globally, the UK Border Agency aims to process all non-settlement visa applications within

15 working days. However, in Hong Kong applications are being processed in a much

quicker time of 5-7 working days even over the extremely busy summer period.

For business travaa ellers who havaa e a genuine urgent need to travaa el, and cannot wait 5-7 working

dayaa s, we also offff er a fast-track servrr ice where we aim to process within 3 working dayaa s.

Anyone fitting the criteria for this service can request fast-tracking through the British

Chamber, prior to submitting their application. Their application will be processed within

3 working days of them submitting biometrics providing there are no complications or

previous adverse travel history.

New TechnologyDue to cutting edge ‘remote printingg’ technnoollooggyy now in place in Hong Kong, no visiting

visa applicants need to leave their passports when submitting their application. Instead,

upon collection of their documents they can simply bring in their passport for the visa to

be placed inside.

James Sharp said, “We’ve been listening to the needs of our customers. Remote printing of

visas is a tremendous step forward as it allows us to speed up the processing of visas for

our customers and ensure they are not left for extended periods without a passport.”

Successful ApplicationsAlongside the streamlined service the number of successful visa applications from Hong

Kong residents has also significantly improved.

“Over 95% of visa applications received in Hong Kong are now issued. Customers are

beginning to recognise the importance of meeting requirements and we urge everyone who

needs to apply for a visa to make sure they are aware of exactly what they need to provide

in support of their application”, said Mr. Sharp.

Visas to the UKVisas to the UKMaking travel easierMaking travel easier

Who needs a visa to travel to the UK? • Nationals of countries deemed to be ‘visa-nationals’ must apply for a visa for

all travel to the UK– see UK Border Agency website for a full list.

http://wwwp .ukvisas.govgww .uk/en/doineedvisa/visadatvnationalsvv

• All non-EEA passport holders planning on studying a course longer than 6

months need to apply for a Tier 4 Student Visa.

• All non-EEA passport holders planning on working in the UK need to apply for

either a Tier 1, Tier 2, Tier 2 Intra-Company Transfer TT or Tier 5 visa depending on

their circumstances.

• Domestic workers accompanying their employers on a visit to the UK need

to apply for an Employment, Domestic Worker, Less than 6 months visa, and

those going with an employer settling in the UK must apply for an Employment,

Domestic Worker, over 6 months visa.

• BN(O) passport holders aged between 18 and 30 wanting an experience of life

in the UK, can apply for a Tier 5 YouthYY Mobility Scheme (YMS) visa which allows

you to live and work in the UK for up to 2 years.

Unsure about applying for UK visas? Annie Galea from the UK Border Agency lays out the essentials.

If you genuinely need to take advantage of the business fast track visa service, please email

Hilary Thomas at the British Chamber of Commerce:r [email protected]

The UK Border Agency also advises applicants to visit www.ukba.homeoffi ce.gov.uk/visas

for the most up to date visa information.

www.br i tcham.com8

VISAS

Page 9: December Issu

CHAMBER EVENTS

Join: Membership is simply the cost of signing up for 1 case of wine.

Each member will select their own mixed case in any combination from our list of

9 premium wines from all over the world. These 12 bottles will then be delivered

directly to your home or office free of charge within a few days. Perfect to stock

up on wine before the holidays or to use as gifts!

All members will then be invited to an exclusive tasting event every 3 months

where they can tryrr a new selection of wines and put together another mixed case.

It’s a great way to discover new wines while networking with fellow members and

there is no obligation so you can cancel your membership any time.

In addition, members will receive:• Free tasting events to choose your wines

• Saavings of at least 20% off the h normal priceff

• AAdvice from your personal wine consultant

• OppOpportortuniunity ty to to netnetworwo k wk with fellow British Chamber memmemberbers

• 10%0% ddiscscountt on on ad addditional wine purchases and Vintn ec ec winwine fe fridridgess

• FFreeee tastastinting ng nototes as and nd serservinvi g advice with every ccasease

We havve two levelels s you cancan sellect from depending onn yo youur wine pprrefeeferences::

Thee Entnthush iasast (HK(H $1,1,88888 perper quaq rter) – for thee wwine beginninner er whow is lookinkingg

to leearnn more aaboubout dt differerff entent r regieg ons.

The CConnoisseur (HKK$3,$ 000 perper quaq rter) ) – foro the experier encen ed d drinkenker whohwhowhowhowhohooho

enjoys higher quala ity wiwinesnes from poppopulular vintintageages.

Pleasee emaem il [email protected] comcom oor call 2147-2931 to receive e the full winwine

list and d makmam e your selectioi ns!

Britcham Wine ClubPictures from the Launch Event

9December 2010 • Vol 25 • No 11

CHAMBER EVENTS

Page 10: December Issu

Late October saw the return of the British Chamber’s Business Angel

Programme breakfast at the Hong Kong Club. Nervous but excited after the six week

application and training process, the representatives of four young companies prepared to

deliver their presentation before the careful scrutiny of a panel of investors.

This programme, now in its fourth year, brings together startup businesses and Angel

investors to help encourage innovation and entrepreneurship in Hong Kong. For the

October event, the Chamber received an unprecedented number of applications from small

businesses looking for funding which demonstrated the energy and creativity of Hong Kong

entrepreneurs. There were a number of very high quality candidates but only four could be

picked by the committee to be shortlisted for the final presentation in front of the investors.

The final four businesses received coaching from the Chamber’s Angel Investment

committee as well as specialised presentation training thanks to Connect Communication

ensuring that when they went in front of the investors, they were ready to shine.

On the day, they gave some very convincing displays and all possessed an admirable

dedication to the 10-minute time limit. After their moment of truth, we spoke to each of the

candidates to hear more about their business idea and their thoughts on the process.

CottonworkCottonwork is a Hong Kong-based company which tailors bespoke shirts for online orders

from across the world. Kelvin Lam, Cottonwork’s director, presented his business model,

an innovative approach to the tailoring industry, and left the audience in no doubt about

the high quality of the shirts themselves. Lam had this to say, ‘The British Chamber of

Commerce’s Angel Programme was an exceptional learning experience and rare investor

relation opportunity. The programme is clearly one of the most recognised venture

investment events in Hong Kong. We first learnt about the programme by referrals from

banking and finance professionals and have been recommended to participate in the

programme by many other organisations and business associates.

Being thoroughly grilled on all aspects of our business in front of a group of highly

sophisticated investment professionals, we were challenged to re-think and refine our

business model. From the first round of selection by the Chamber panellists to the final

round of pitching to investors, it has been a very well organised and guided process helping

us to a successful delivery of our business plan.’

Popcorn Media NetworkPopcorn Media is a young business which harnesses the power of new social media and

blogging for advertising. Their upbeat presentation was given by Pannee Ng, associate

publisher of fashion and shopping blog Butterboom.com and Popcorn Media associate

publisher Casey Lau. They reinforced the necessity of reaching customers, especially

younger generations, through the web-based media that appeal to them. Popcorn Media

already runs three diverse websites, besides exploiting the potential of blogs and social

networks. ‘There were some great comments and a good crowd,’ confirmed Lau, ‘The

British Chamber was exceptionally helpful’.

Pacifi c Gene TechPacific Gene TeTT ch is a biotechnology company which acquires and develops vaccine

technologies to address the escalating threat of emerging infectious diseases and other

pathogens. Their brief was distinct from the others in its specialism, but the potential

benefits of new and cheaper vaccines was abundantly clear.

Baker Tilly Hong Kong Business Angel Programme OctoberBy Sam Powney

www.br i tcham.com10

BUSINESS

Page 11: December Issu

Tim Collard, managing director of Pacific Gene TechTT said of the preparation involved, ‘Time

constraints made this a differff ent exercise from our normal investor presentations, so quite

a bit of work went into it. It involved both drafting and practice sessions.’ He also reflected

on the questions from the potential investors that followed the talk, ‘The questions were

useful. Both Louis Bowen and I pay quite a

bit of attention to questions because they

often reveal how people perceive you and

your business. Even a “stupid” question

makes you wonder how you might have

given a wrong impress ion, a l though I

hasten to say that we didn’t receive any on

this occasion!’

PixelboxPixelbox is an HD post-production company

for the Asia-Pacific region, specialising in

high quality TV commercials. Pixelbox is

another young company, composed mainly

of designers in their twenties and thirties.

Their Managing Director Chris Thorp and

founder Peter Williamson gave a full,

down-to-the-second presentation on

their company and the growth of the

post-production industry in East Asia.

They showed an impressive portfolio

of television adverts for major brands,

i nc l ud i ng seve ra l f rom ma in l and

China, to which Pixelbox had added

the all-important visual effects. Later,

Thorp and Williamson expressed their

satisfaction with their presentation and

the networking opportunities afforff ded.

As discuss ions cont inue between

the candidates and the investors, the

Chamber wishes all participants the best for securing the deal that will allow all these

exciting ventures to grow while bringing in a great ROI for the investors. The British

Chamber would like to express its gratitude to Baker Tilly Hong Kong, without whose

sponsorship and committed support this event could not happen. The Chamber also

thanks the members of the Angel Investment Committee who have put a lot of time and

energy into selecting the candidates and coaching them through the process.

The Chamber is looking to expand the programme next year so if you would like to participate in the Baker Tilly TT Hong Kong Business Angel Programme as a candidate or a potential

inii vestor,rr please rerr gisii ter yoyy ur inii tererr st by contat ctitt nii g HiHH lii all ryr ThTT omas, markrr ekk titt nii g and communicatitt ons manager at thtt e Chamber,rr at [email protected] r on 2824 197277 . FoFF r morerr

information, please visit www.britcham.com

11December 2010 • Vol 25 • No 11

Page 12: December Issu

At a luncheon in the Hong Kong Jockey Club, the

Right Honourable George Osborne addressed the

Chamber as part of what, he divulged, was his first visit

to the city. Though an unusual venue for British Chamber

lunches, it turned out to be a very suitable one, with the

view over the racecourse adding a bright atmosphere to

the room. Mr. Osborne remarked that he had been eager

to visit Happy ValleyVV for some time, though unfortunately

time didn’t permit him to stay for the races.

Mr. Osborne began by congratulating Hong Kong on its

swift recovery from the economic crisis. He noted the

importrr ance of the British Chamber of Commerce in Hong Kong to Britain’s business presence

in Asia, while stressing that his government is also veryrr receptive to the new influx of mainland

and Hong Kong investment into Britain.

The Chancellor’s message was upbeat. He encouraged the audience not to succumb to

economic gloom, but rataa her to apprerr ciataa e the considerable achievements thataa havaa e been made

in the Basel III agrerr ements and the prorr grerr ss thataa he believed would be made ataa the G20 meeting

in Seoul in the foff llowing dayaa s. He was confident thataa a significant rerr foff rm of the IMF would be

agrerr ed upon and explained thataa the basis of an agrerr ement had alrerr ady been laid down.

The shift towards a multi-polar world was, Mr. Osborne said, one that should be celebrated.

He drew attention to the make-up of the G20 itself, and while he acknowledged that it was

not a perfect forum, he believes that it has a good balance, both geographically and in

terms of development. He then went on to make observations in three areas; the G20, the

UK’s relationship with China, and Britain-Hong Kong ties.

He highlighted the positive steps being taken to redress the imbalances in the IMF,FF a process

which now has much stronger commitment from European countries than it used to. In Beijing

the Chinese and British leadership had agreed on a commitment to furtrr her the Doha round on

world trade, recognising the year 2011 as a window of opportrr unity for doing that. Meanwhile,

the Basel III agreements on capital liquidity levels have found remarkably rapid consensus.

‘We have a good, strong relationship with China,’ said Mr.rr Osborne. He noted that he had

already been to China twice during his brief time in offiff ce, and credited the previous British

government with building a strong foundation in Sino-British

rerr lataa ions. ‘WeWW wererr ,’ he said, ‘strerr ngthening a rerr lataa ionship thataa was

alrerr ady strorr ng’. He rerr marked on the success of the British pavaa ilion

ataa the Shanghai Expo as a showcase for British business in China

(it won the awa ard for best pavaa ilion). ‘But the truth is this: we should

be doing a lot morerr trade with China,’ he said. He and the Prime

Minister had the day before made a commitment with Premier

WeWW n Jiabao seeking to double trade with China over the nextxx five

years to US$100 billion.

‘We are increasingly complementary economies,’ the chancellor

said, explaining that Britain’s position as the world’s second

largest exporter of services would allow it to play a key role in

transforming the lives of the Chinese middle classes.

He acknowledged havaa ing only been in Hong KoKK ng foff r half a dayaa ,yy but he rerr cognised the deep

cultural and historical linkskk with Britain. Nevertrr heless, he exee prerr ssed thataa it was since the handover

thataa Hong KoKK ng has rerr ally come into its own, sayaa ing, ‘I think Hong KoKK ng can be enormously

prorr ud of whataa has been achievee ed hererr in the last 13 years’. He went on to sayaa thataa Britain and

Hong KoKK ng had much in common and wererr staunch allies against the foff rcrr es of prorr tectionism. ‘WeWW

arerr partrr ners not rivals’, he rerr peataa ed. ‘Actually I think thataa London has a grerr ataa rorr le as a partrr ner of

Hong KoKK ng in developing new AsAA ian business, including the internataa ionalisataa ion of the rerr nminbi.’

AtAA the end, questions from the audience invited Mr.rr Osborne’s opinion on the US economy,yy

bankers’ bonuses, London’s role in the

coming internationalisation of the renminbi,

and the lifespan on the G20. He replied that

the US economy,yy as the largest in the world,

should never be ruled out and that he had

faith in its resilience. He justified the capping

of bonuses as partrr of a global move to make

finance more accountable, and reiterated

that London remains an exceptional place

to do business. He explained that with

London’s economic experience a time

zone that fitted reasonably well, it is well

placed to play an important part in the

internationalisation of China’s currency.yy This

would not, he stressed, be at the expense

of Hong Kong but rather London could

offff er something extra to Hong Kong’s key

role. He responded that while international

groupings are shifting in nature, the G20

has a good balance. Mr.rr Osborne’s view is

that the level of currencies is not the central

issue, but rather that the importrr ant task is

to get surplus and deficit currencies to work

in harmony.yy

George Osborne George Osborne Speaks to the ChamberSpeaks to the Chamber

November saw the British Prime Minister and a raft of government and trade representatives come east for discussions with the Chinese leadership before going on to the G20 meeting in Seoul. The visit has been hailed as the highest profi le British delegation to China in history. While the Prime Minister stayed on in Beijing to wrap up talks with Chinese leaders, the Chancellor of the Exchequer, George Osborne fl ew down to Hong Kong.

By Sam Powney

www.br i tcham.com12

CHANCELLOR’S VISIT

Page 13: December Issu

On the 2nd of November representatives from Hong Kong, London and ToTT ronto met

at a panel discussion entitled ‘A Carbon TaTT le of Three Cities’, jointly organised by the

British Chamber, the British Consulate-General and the Canadian Chamber. The three

cities have each taken proactive and in

some cases pioneering steps in tackling

climate change. As cities they have made

considerably more headway than many

national governments, and each has had

a longstanding involvement in the Large

Cities Climate Change Group.

The speakers were ToTT ronto’s Mayor and

Chair of the C40 David Miller, Secretary

fo r the Env i ronment o f Hong Kong

Edward Yau, YY London Assembly member and former London Deputy Mayor Nicky Gavron,

and Advisor on the Environment for the Mayor of London and Director of Environment &

Capital Projects, London Development Agency Martin Powell. The discussion centred on

the effff orts, experiences and future goals of Hong Kong, ToTT ronto and London, and was

moderated by CY Leung - Patron Chair of CCBF (Climate Change Business Forum). British

Consul-General to Hong Kong and Macau Andrew Seaton provided the introduction.

Edward YaYY u was the first panellist to speak, and he isolated the common ethos which unites

London, Hong Kong and ToTT ronto - the proactive attitude that they have taken towards

tackling climate change. He made the analogy of driving a car, explaining that in order to

navigate successfully, you must have a destination in mind and a clear map of how to get

there. “We have a common mission

towards this destination - becoming a

low carbon city.” Hong Kong’s new target

is to reduce carbon intensity by 50-60%

by 2020. In actual terms, this would

achieve an average per capita emissions

reduction from 6 tonnes down to 3.6-4.5

tonnes per year.

Yau expla ined that roughly 60% of

Hong Kong’s emissions were emitted

from or consumed by buildings. Therefore, retrofitting existing buildings and planning

environmentally-friendly new ones is the main focus of Hong Kong’s environmental effff orts.

Hong Kong’s waste problem is another immediate issue that he highlighted and one that

he has dealt with extensively himself. Lastly, he pointed to the interconnected relationship

that Hong Kong has with the entire south China region. “We must build a common mission

with the Pearl River Delta region. ToTT gether, this region should become the greenest part of

the nation.”

The second speaker was Mayor Miller, who introduced ToTT ronto’s long involvement in the

battle against climate change. The very first world conference on the change in climate was

held in ToTT ronto, the start of a process that led to the Kyoto protocols of 1997.

Miller reiterated that “Nations talk; cities act. Cities can, must and do lead the fight

against climate change”, adding that the best solutions for fighting climate change are

always good for the economy and business as well as for the environment. ToTT ronto is a

green and prosperous city but it has had to deal with an unusually high level of flooding

in the last five years. Miller detailed ToTT ronto’s initiatives with green roofs, deep lake water

cooling, the world’s first urban wind turbine, and incorporating green features into public

spaces. He pointed to the level of public consensus in ToTT ronto on the need to deal with

climate change, saying “Broadly speaking we are trying to achieve KyKK oto-plus. And we

know we can, because within our own operations we are 40% below our 1990 levels

in emissions”.

ToTT ronto has an adaptation and mitigation strategy to deal with ToTT ronto’s environmental

situation and a concrete sustainable energy strategy. “We have the plan and the funding to

meet our goals,” said Miller. “We see all these developments in terms of an environmental,

economic and social perspective”. He concluded by showing how all ToTT ronto’s measures

would tie in to attracting private funding and creating more jobs.

The last two speakers described London’s progress in recent years. London is the largest

of the three cities and although new planning and logistics appear forbidding, since the

new millennium it has taken a determinedly positive role both in achieving efficiency and in

leading discussion.

London’s former Deputy Mayor Nicky Gavron drew attention to London’s committed

climate change policies which led to the greatest improvement in the shortest time yet

seen in a city. She continued along the theme of integrated planning, detailing London’s

effortsff in instituting the congestion charge, its successful focus on bus travel and cycling,

and its retrofitting measures. London is

one of the very few cities to introduce a

congestion charge, a measure that has

significantly reduced congestion and

helped businesses that rely on city-wide

mobility. London is expanding its public

transport and has major plans to retrofit a

large number of the city’s buildings.

Martin Powell provided a more detailed look at London’s innovations in urban planning and

energy policy. An eye-catching new feature has been the public ‘Boris bikes’ which the new

mayor, Boris Johnson has introduced into London streets. Powell focused on London’s

air and water pollution, explaining that the city first passed the Clean Air Act in 1956 as

a reaction to the then high number of deaths resulting from poor air quality. Another of

the London council’s maja or successes has been their online ‘heat map’, which allowed

individual businesses to see how and where they could best become involved.

Due to the diversity of strategy and implementation that each city had showcased, there

was a good deal of interest from the floor about the details of specific policies. Partly,

this diversity stems from the particular conditions of each city. Hong Kong already has a

relatively efficient transport system but is looking at ways to adapt its energy sources and

waste management. Moreover, Hong Kong is clearly in a key position to show mainland

cities the way forward. ToTT ronto has long been a green leader, but is feeling the effff ects

of climate change in the very immediate form of frequent flooding. Finally, London is

focusing on ways to involve the greatest number of people possible in its rapid drive to

reduce carbon emissions. The spread of innovations like public bicycle sharing systems

demonstrates that cities are natural leaders in achieving global information sharing and in

finding proactive consensus.

Cities Lead the WayCities Lead the Way

Over 30 representatives of the Large Cities Climate Leadership Group (C40) met in Hong Kong in early November for a workshop on climate change and the handover of their chairmanship from Toronto to New York. There is a growing momentum of cities banding together to discuss climate change, sharing their experiences and future goals.

The C40The Large Cities Climate Leadership Group

was formed in 2005 after a meeting of

delegations from 18 cities at the World Cities

Leadership Climate Change Summit, organised

by then London Mayor Ken Livingstone. The

group’s secretariat is based in London and

its summits are held biannually. The 2011

summit will be held in São Paulo.

Hong Kong’s emissionsHong Kong produces 42 million tonnes of

greenhouse gas emission.

That’s an average of about 6 tonnes per person.

The world average is 7 tonnes per person per

year (UN figures).

Scientists suggest that if we are serious about

tackling climate change, we would need to

come down to 2 tonnes per person per year.

Green retrofi t: Adapting and redesigning

buildings to reduce their carbon footprint.

This means increasing efficiency and includes

cladding entire buildings in insulation. The

insulation material is relatively inexpensive and

its application creates local jobs.

A Carbon Tale of Three CitiesA Carbon Tale of Three Cities

By Sam Powney

13December 2010 • Vol 25 • No 11

ENVIRONMENT

Page 14: December Issu

The first week of November

was certainly a very busy time for

the environment sector in Hong

Kong. The Eco Expo, Hong Kong’s

annua l env i ronmenta l show,

coincided smoothly with the arrival

of a host of events and high level

visitors from London who were

here with the C40.

UK Trade & Investment again took out a pavilion at the show, which attracted eight

British companies. One of these was, pleasingly, a member of our Britcham Environment

Committee. All the exhibitors reported that although the quantity of visitors was not

as numerous as previous years, the quality was excellent. So much so that when we

interviewed the exhibitors, at the end of the show, we had some very positive responses

about coming back next year. They also forecast a sum of several million pounds in sales

between them - that now has to be turned into hard currency of course.

What was impressive was not only the large number of Hong Kong and mainland China

environmental companies with their own stands, but also a good number of visitors from the

mainland keen on seeing the latest environmental technologies. This all goes to prove that

this important sector is really picking up here. There were also many visitors from elsewhere

and several of our exhibitors proudly showed the name cards of potential agents from as far

afield as Brazil, South Africa and Romania.

The organisers, HK TrTT ade Development Council, (TDC), also arranged for networking

l u n c h e s a t w h i c h o u r

exh ib i t o r s we re ab l e to

mingle with a host of other

c o m p a n i e s a l o n g w i t h

v i s i t i n g d e l e g a t e s f ro m

the C40.

Last ly TDC also gave us

half a day’s free use of a

seminar room, of which we

took fu l l advantage. We

The Eco Expo, Asia’s leading environmental protection fair, is an international trading platform showcasing the latest innovations in environ-mental protection industries from around the world. John Woodruffe, the UK’s Deputy Trade Commissioner in Hong Kong, reports on a time of heightened environmental awareness here.

By John Woodruffe

invited 5 expert speakers to give presentations on various aspects of the environment. 2

people represented companies that were exhibiting another, Colin Hygate, exhibited last

year and, as a result of this, is in the process of setting up a company here. The other

2 speakers were Peter Head, Director of Arup, and Dr Anne Kerr, Director, Environment

Division, Mott MacDonald Hong Kong Ltd and, of course, Britcham’s Environment

Committee Chair.

P e t e r ’s p r e s e n t a t i o n

covered an overview of

the UK’s carbon strategy,

and asked whether we can

move towards a sustainable

way of l i v ing and what

business opportuni t ies

th is wou ld create . He

also mentioned some of

the UK incentives such as

UK landfill tax, introduced

to drive recycling, and the help available for EV purchases. Anne’s talk centred on Green

Buildings - what they are and how we can plan to achieve them - and the Low Carbon

Era, including building energy efficiency, offsetting ff and waste management. The talks were

well received by a sizeable audience who had the opportunity to question the panellists at

the end.

It was also good to welcome a couple of

members of the aforementioned Britcham

Environment Committee to the stand -

thank you for your supportrr !

We will be back next year, hopefully

with a bigger pavilion and even more

UK compan ies showcas ing the i r

technologies here. This is a dynamic

region and one increasingly crucial to progress on environmental issues.

FoFF r fuff rtrr htt er dedd tatt ilii sll , plell ase vivv sii it thtt e EcEE o ExEE pxx o weww bsitett : www.hktdc.com/fair/ecoexpoasia-en.

www.br i tcham.com14

ENVIRONMENT

Page 15: December Issu

Sustainability is increasingly considered an immediate and critical

issue in corporate real estate (CRE), and its importance has not only survived through the

global economic downturn, but has even pressed on to become an important agenda in

the board room. It is no longer a choice matter: companies without a rigorously formulated

sustainability strategy are likely to be outclassed, and may eventually suffer a fiff nancial cost.

An occupier sustainability survey conducted by Jones Lang LaSalle and CoreNet Global

in late 2009, at a time when the global economic downturn was deepening, revealed that

instead of slowing down, sustainability has become a critical business issue for 70% of

CRE executives, showing an upward trend over the past three years. While an initial cost

may be unavoidable, 74% of CRE executives see the benefits in the long run and are willing

to spend on retrofitting their owned offiff ce space with energy-effiff cient installations. When

it comes to the rental market, however, only 37% are ready to fork out a premium for a

sustainable leased space, and 21% will pay extra only if it can be offset by cost savings.ff

Obviously there is a gap to bridge between what companies are willing to spend and what

developers and landlords are willing to offerff , and the key lies in demonstrating the benefits

and threats for one to go with or against the trend of green buildings.

Going green brings long-term benefi tsIncorporating sustainability factors leads to long-lasting benefits. In cities where CRE is

already of very high quality in terms of infrastructure and management, going green is a

differff entiator that sets one apart from the rest. With the limited supply of green buildings in

Asia – this is at least the impression of occupiers – green building represents an opportunity

to capitalise on the void in the market.

For occupiers, creating a sustainable workplace oftff en means a better work environment, which

in turn brings lower absenteeism among employees, greater attraction to talents and therefore

higher retention, and fewer sick-building-syndrome symptoms. These non-financial benefits

help raise productivity and in the end turn into direct financial benefits for the company.yy

In fact, many occupiers are already targeting the ‘low-hanging fruits’: workplace energy

efficiency and waste recycling programs are widely implemented. With energy cost being

the most important portfolio metric for 37% of the respondents to the occupier sustainability

survey, cost saving through sustainable initiatives is a major attraction.

Owners and landlords will benefit from the trend that green buildings lease quicker and

attract and retain quality tenants more easily. New opportunities await as developers and

landlords go on to provide professional support on charting sustainability performance data

or helping companies with detailed calculations of project ROI; and owners will be able to

generate additional income in the form of tradable carbon credits.

Those without a sustainability strategy risk being outclassedAs new buildings are being built to a high green standard and more existing buildings are

being refurbished, those not meeting sustainability performance criteria may be labeled

obsolete and thus high-risk, which makes financing difficult. All these factors will snowball

into a “non-sustainability discount”.

On top of financial considerations, companies will soon be subject to various regulatory

requirements: the Hong Kong Government intends to legislate for the mandatory

compliance with the region’s energy audits; in Singapore, new buildings and renovations

must maintain a certain level of environmental performance; and in Japan, energy

consumption reports are required from half of the country’s commercial properties.

Signifi cant growth potential for sustainable corporate real estate in Asia-Pacifi cNearly 90% of respondents in the occupier sustainability survey take into account green

building certifications and energy labels when making location decisions and administering

their portfolio. Ratings such as LEED of the US Green Building Council recognise

measurable green building design and maintenance and provide a reliable mechanism for

benchmarking; and mandatory ratings for new developments and refurbishments, such as

GreenMark in Singapore, are likely to be welcomed by occupiers in many Asian markets.

Whereas in the United States and the United Kingdom there are 4,000 and 3,000 certified

green buildings respectively, in Asia, this number is dramatically lower, representing a great

potential for development. In China, 2010 saw 70 buildings certified, and another 300

registered for certification; the trend is set to rise in Hong Kong and Singapore.

Sustainable corporataa e rerr al estataa e is taking the centrerr stage in AsAA ia, and those not going grerr en

will only be outclassed. AsAA CRE executives expand their influence in sustainability issues, they arerr

the ones to drive the change. The initial costs, unataa tractive as they mayaa first appear,rr will eventually

payaa offff and translataa e into grerr ataa er benefits thataa will make a mark on a company’s’ historyrr .yy

Sustainable StrategySustainable StrategyDifferentiates Future LeadersDifferentiates Future Leadersin Corporate Real Estatein Corporate Real Estatefrom the Restfrom the Rest

By Steve Chan, Head of Engineering and Operations Solutions, Jones Lang LaSalle

15December 2010 • Vol 25 • No 11

ENVIRONMENT

Page 16: December Issu

A tour of the Hongkong Internataa ional TeTT rminals

(HIT) at Kwai TsTT ing Port was arranged by the

Chamber’s Logist ics Committee on the 9th

November, 2010. While this might not be a well-

known attraction in Hong Kong, we were assured

by John Harries, the Portrr Development Direrr ctor and

guide, thataa it is indeed popular and thataa they run as

many as 3 tours a dayaa ; even Prerr mier Wen Jia Bao

and Margarerr t Thataa cher havaa e enjoyed a visit.

The visit started with John giving us a review of the development and operations of Kwai

TsTT ing Port, next to an impressive and intricate model of the layout of the area. He gave

those of us not in the logistics industry some background and history of how the port

developed. Hong Kong has a rich maritime tradition dating from the mid 19th century, but

it was not until 1970 that construction of the first three terminals of Hong Kong’s purpose-

built container terminal in Kwai Chung began.

John explained that containerisation has cut vessel turnaround times dramatically and

the container yards developed new systems for loading, disembarking and transporting

containers. Through the innovative use of systems and technology the Kwai Chung

container terminal operators led the world in space usage and productivity.

With the coming of China’s open-door economic policies, the Hong Kong port rode the

waves of containerisation and Chinese economic growth. It expanded significantly, adding

TeTT rminals 4, 6, 7 and 8, while throughput at both Kwai Chung and HIT reached new

peaks. Since the eighties, Hong Kong has been one of the world’s leading and largest

container ports. ToTT day, with over 80 international shipping lines providing 460 weekly

container services to more than 170 ports worldwide, Hong Kong’s port continues to grow

in international trans-shipment cargo

volumes and remains in the top five

container ports in the world.

HIT is also a leader on the environmental

front and has gone to great lengths to

conserve the area around the port to

reduce its environmental footprint. HIT is

the first portrr operator in Hong Kong to

switch to ultra-low sulphur diesel for its

internal trucks and electric power for their rubber-rr tyred gantryrr cranes, which means reduced

air pollution, noise pollution and lowering energy usage.

The next stop on the tour was a visit to HIT’s control centre where Joohn described how

the staff ff at HIT managed the logistics of the stacking, moving and plannning of containers

in the yard through sophisticated computer software that enabled vissualisation through

graphic representation. Alongside this they use a ship planning systeem that calculates

optimal sequences for discharging and loading vessels, ensuring ship sttability and efficient

operations. John stressed that efficiency is key in staying competitive wwithin the industry,

especially when the South China ports are now developing rapidly and competing against

Hong Kong for business.

The tour ended with a coach ride of the terminal berths and storage yyard facilities which

were just fascinating to see in action. The rows upon rows of containners stacked neatly

waiting to be transported seem to go on forever in every direction while a swarm of activity

bustles around them. WatchingWW the crane operators load and unload the container ships by

aligning the crane with the container purely by eye was very impressive; tthe process is swift

and accurate though the operators sit 75 metres above.

The Port of Hong Kong is a 24-hour, non-stop operation and to be in aamongst the stacks

of containers and cranes watching the never-ending activity really bbrought home how

important the innovative and cutting-edge technologies are. These highly efficient systems

keep Hong Kong at the forefront of the international shipping community.

One of the participants on the tour summed it up:“As a regular visitor to Hong Kong (and overseas member of the Chambeer) it is always good

to go behind the scenes and see what helps to make the place tick. I’ve often looked down

on the port on the way from the airport and wondered what exactly wwent on down there

amongst the cranes, so it was great to have the opportunity to find out.

It really was a most impressive operation, and it was particularly inteeresting to see the

control room at the heart of everything, in a business where time is of the essence.

What also struck me was the way in which HIT has used its knowhhow in logistics to

expand from Hong Kong around the world, including Felixstowe and other ports in the

UK. Of course, networking is very much on the agenda for the chammber and I was in

good company with Mark Millar and the other chamber members annd staffff during the

visit.” - Alan Durham, Director, International TrTT ade, Coventry & Warwwickshire Chamber

of Commerce

Tour of Hongkong International TerminalsTour of Hongkong International By Dovenia Chow

www.br i tcham.com16

LOGISTICS

Page 17: December Issu

Tour of Hongkong International Terminals Terminals

17December 2010 • Vol 25 • No 11

Page 18: December Issu

Well the festive season is upon us and as we all know the advent of advent heralds not just an onslaught of Christmas music in our lifts but also a wonderful excuse to eat, drink and be merry on the streets of Hong Kong. Whether you’re spending Christmas here or heading home to Europe earmuffs-a-ready, we will all have at least one night to worry down a Christmas beverage with our Hong Kong family. But where to go? Hong Kong is so alive with night-life that it can be easy to fall into a rut when it comes to favoured drink-ing spots; but with Christmas coming up and a brand new year on the horizon, it’s time to treat yourself to somewhere new. No need to panic, with a notepad and pencil in hand, the Britcham team have done all the hard work for you – here is our pick of some of the best bars Hong Kong side, for all drinking preferences.

LLLLee Meeerriidiieeeennnn,,, CCCCCCCCCCyyybbbeeerrrrppooortForrrr thothose who have nottt yet been outut west to o CCCyberporrt anndnd haad thee plep asurree of o poppping nin

to LLLe e MeMeridien I wouuldld d urge yououu tto do o so.soo. Le MerMerridii ien e iss nonot jusust t anothther ‘niice’ce’e busbusininess l hote

bleb sssses d byby the gods oofof taupe, it is s prpp opoopeperlyly funkyy. HigH gh h ceiceceeece linngss gs aaanda modmomodmo ern sculptlpturures s e carc ve

oout iittss receptiptioon andnd lead you tooo BarBBa Ummaami –– a a mmodo ern Japapaneaneessse ses rreestese aurauranta ceentredd ara dounundd

anan n islslli anda bar thhat looks out ontoo a a quaint little patatio o ccomplete withh golldfidfish. Their coccockktktail lislist t sii

dedeld ineeeeated into boy anandddd gggirl sectioions.ns NotNNo to be boxed ed in, I triried e onee of f eacchh. LryLry-ch- ee Saketail waswas aa a compelling bleblend of of

lylycheeees, schnapps, sakake anand shochu (for gigirgi ls) and Oh-rroh-o SheSh e-Shihhih waas a blokkey conncocoction of swes et pickled ginger,

ssakake anand shochu. Overalra l l thehe girgirlls coccocktaktaktailsils are sweet and light, the boys coccocktaktailssils are punchier with a bitbit more of a buzz.

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100 CyC berpport RRoad, HHoonong Koongngng

Tel: 2980 778778888TT

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Britcham Bar CrawlBritcham Bar Crawl

FFFFFFFoorr tttthhhhhe out-offffff-towner

For the elegant quaffer

By Hilary Thomas

www.br i tcham.com18

LIFESTYLE

Page 19: December Issu

Piel De Toro, WanchaiNestled under Uno Mas on Lockhart Road sits an unassuming Wanchai gem. Piel De

Toro is a fantastic little Spanish bar serving all the classics. Grab a tinto de verano or

a sangria here and indulge your most wistful holiday memories. Regardless of your

experience of the real thing, Piel De Torro will slake even the most authentic Spaniards

thirst. Indeed, as the offi cial bar of the Spanish Chamber, they no doubt have their

work cut out. We chose a medley of Spanish drinks and washed down a lovely

selection of ‘proper’ tapas with it – slices of toast with anchovies, Spanish omelette

and chorizo. Don’t wear your posh frock for this one, brightly coloured high plastic

chairs and a light and airy bar area make for an informal and fun night out. It even

puts on Flamenco nights - Viva Espana!

G/F, 62 Lockhart Road, Wanchai, Hong Kong

Tel: 2528 0997

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Tel: 2526 5294TT

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For thhe nostalgia junkies

For the hard-core Lan Kwai Fongeerr

FFoor the CCCoonnntiiinnneeennnntttaaallll

19December 2010 • Vol 25 • No 11December 2010 • Vol 25 • No 11

Page 20: December Issu

TTThhheee HHonHoHong g KKoKong Cricket Club was hhoost to the first, in whaat hohopes toto be

a series, of the British Chamber YNetwoworkrk and Australiann Chambeer YENY N Batatttle

of the Bowls!

FFFooouurr tteeaammss oofff BBBriits andd ffoouur tteeeaaamms of Auusssies came toggetthheerr on a November

evening, and bbaataa ttlledd iitt oouutt ttoo bbee ccrroorrrr wwnned best lawaa n bowlingg coountryrr .yy PPllentty ooff ffuun

and laughter was had by all, but the competition got quite fieercrr e ataa one point - lawaa n

bowls is not alwayaa s as placid as one would think!

Finally,yy aftff er four intense games the Battle of the Bowls overall best team aanndd

countryrr was given to Australia, with the team BTH crownned as proud winnerss.

The Brits were not far behind however,rr becoming runnneers upp wiitthh tthhee LLAALLL SS tteeaamm.

SpeSpeciaciall thathanksnks must go to National Australia Bank for spponsorinngg thethe eveeveninningg.

The nightg was a grg eat success and truly y enjjoyed dj y by by all, , wwe could not have had

such a superb event without their support.

We look forwarrdd to plannniinngg mmaany more British Chamber YNetwork events

next year. If yyou would liklike to know more about these vents e and how to get

: involved with the YNeYNetwork, plplease e contact Lucy Jenkins [email protected].

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www.br i tcham.com20

EVENTS

www.br i tcham.com

Page 21: December Issu

In the lead up to Christmas, gifts are back on the agenda. Katie Brown of Ryder Diamonds recommends the beauty of diamonds to put a smile on a woman’s face.

Once again Christmas is around the corner and we will all be hunting for the perfect gift for our loved ones. Whilst men have a reputation

of being incredibly hard to buy for (often just buying things they want when they see them), women are quite the opposite, usually with a

wishlist of luxury, girly items which their day to day lives don’t allow them to indulge in.

Don’t be fooled into believing that your girlfriend or wife is one of the few who is immune to such frivolities. She would not actually much

rather be given a Nintendo DS for Christmas, something coincidentally that you’ve wanted for ages. Nor would she prefer a handy

gadget for the kitchen - unless you want to be cooking your own dinner for the next few months! Start to take note of conversations

where your other half admires so-and-so’s earrings, or a magazine left deliberately open on your side of the bed featuring the latest

designer lingerie. Once you’re tuned in, you’ll be amazed at how many hints she will leave for you in the run up to Christmas!

I’m sure I could count on one hand the number of women in Hong Kong who wouldn’t be over the moon to receive some diamonds

for Christmas. What could possibly be more luxurious and make them feel more special than a nice pair of diamond stud earrings, or a

stunning tennis bracelet? Certainly not a new blender!

This is why Ryder Diamonds has launched their fi rst ever ready-to-wear collection of classic diamond jewellery. Says Sally Ryder,

founder of Ryder Diamonds, ‘Whilst our core business is still bespoke fi ne diamond jewellery, we do get husbands and boyfriends

rushing in at the last minute to choose a gift for their other half and they need something they can buy on the spot’.

Ryder Diamonds

Tel: 2805 2589 Email: [email protected]

Make an appointment for a private viewing for Ryder’s new collection of classic diamonds or visit the website www.ryderdiamonds.com.

Diamondsare a man’s best friend

wwwwwwwwwwwwwwwwwwwwww.w.www.w.w.www.brbrbrbrbbrbrbrrrrrrititititiiiitittchchchchcchhcchchchchchhchamaamamamamamamaaaaa c.c.comomomommmmmmmmmmmm

The British Business in China Directoryrr is the definitive source of information on the leading British business professionals in the China market. With comprehensive, up-to-date details

of over 2,000 businesses operating in mainland China, Hong Kong and Macau, the directoryrr is an invaluable reference for anyone wishing to expand their networks in the region.

The 2011 British Business in China Directoryrr provides a unique opportrr unity to promote your brand to the prestigious British Chambers of Commerce members, providing brand

exposure to decision makers and industryrr figures throughout China while enjoying the seal of approval associated with British Chamber of Commerce affff iliation.

British Chamber members enjoy a number of substantial discounts. Please contact:[email protected] to discuss your requirements before January 1st 2011.

British Business in China 2011

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21December 2010 • Vol 25 • No 11

CHRISTMAS

Page 22: December Issu

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www.br i tcham.com22

EVENTS

Page 23: December Issu

23December 2010 • Vol 25 • No 11

Page 24: December Issu

International law firm Mallesons has recently announcedthe appointment of Denis Brock as a ppartner in theHong Kong offff ice. Denis specialises inn commercial,corporate and regulatoryrr ,yy litigation and arbbitration.

Denis is Hong Kong's most experienced aand respectedcommercial litigator and he comes to Maallesons with adistinguished career in litigation and disputte resolution inboth Asia and the UK. He was most receently a partrr nerin the dispute resolution practice of Cliffff oord Chance inLondon. He practiced from that firm's ooffff ice in HongKong for 14 years, during 9 of which he headed thelitigation and dispute resolution practice inn Asia.

His experieence over the years has included minority shareholder litigation,, professionalnegligence claims, banking litigation, fraud investigations and PRC-related putes. disp He also advises on rrisk management and insurance policies.

InterContinental Grand Stanford Hong Kong ispleased to aannounce the appointment of Joanna Kan as Director of Sales and Marketing.

Joanna wass educated in the United States and holdsan Associate of Science Degree in Hotel & RestaurantManagemennt. She brings with her more than 22 yearsof sales expperience in the hospitality industryrr ,yy and hasbeen partrr off the InterContinental Hotels Group (IHG) forover 13 years. She was partrr of the pre-opening team atCrowne Plaaza Hong Kong Causeway Bay,yy where sheheld the possition of Director of Sales and Marketing. Shehas also woorked in other local hotel propertrr ies and hascemented soolid relationships with regional corporate accounts and tour and travaa el operators.

General Maanager, Peter Pollmeier said, "As InterContinental Grand Stanfordd Hong Kongcontinues too develop its position as a five star hotel of choice for the businness travelers,Joanna’s soolid sales experience and extensive network in hospitality industryy make her astrong appoointment. She will continue to lead the Sales and Marketing team tot expand thehotel busineess and promote the brand awar eas markets."eness in both domestic and overse

Denis Brock

InterContinenttal Grand Stanford Hong Kong is also pleased to announce the pointment app of Vicky Au as Director of Revenue Management.

Vicky has oveer 20 years of working experience in thehospitality induustry, primarily in the Sales and Revenue discipline. In hher new role, she will work closely withthe Sales andd Revenue team in developing pricingstructures and revenue strategies. She has workedwith several mmajor international brands in Hong Kongsuch as the Peninsula Hotels Group and MarriottInternational.

A native of HHong Kong, Vicky graduated from aHospitality MManagement program at Hong KongPolytechnic UUniversity, and obtained a MBA degreefrom Universityy of Surrey, UK.

Lastly, InterCoontinental Grand Stanford Hong Kong is pleased to announce the appointment aof Cecilia Wonng as Director of Communications.

Cecilia returnss to the hotel after her departure in 2006 as Public Relations nagerMan . In hernew role, she will be working closely with the local and international media, and overseeingthe promotionnal and communication strategies to ensure InterContinental Grannd StanfordHong Kong coontinues to develop its position as a five star luxurious hotel.

“Cecilia’s returrn will bring a refreshing approach to the hotel. Her extensive erience expe andprevious familiarisation with the property mmake her astrong appointment that will drive the braand’s imagein the coming years to new heights,” saaid GeneralManager, Peter Pollmeier.

Educated in Australia, Cecilia holds a Master ofCommerce degree in Finance and a BBachelor ofScience degree in Statistics and Mathemmatics fromUniversity of New South Wales.WW With r over 9 years of marketing and public relations experience, Cecilia hasdeveloped solid relationships with both eth local and international media.

Vicky Au

Joanna Kan

Cecilia Wong

MEMBER DISCOUNTS

To enjoy exclusive member discounts please log onto www.britcham.com,log in and click on membership discounts. If you have forgotten your login details

please email [email protected] to request them.

Accor British Airways Lloyds TSB PacificLimited

AGS Four WindsInternataa ional Movers LtLL d Compass Offices Marketsensus

Alfie’s’ Dot Cod The Mira Hong Kong

Altaya Grand Hyatt Pure Fitness

Andara Hyatt Regency Regus

AvisAA IPACPPRenaissanceHarbour View HotelHong Kong

B&W Group AsiaLimited

The LanghamHong Kong Virgin Atlantic

Berry Bros & Rudd Le Meridien Cyberport VisitBritain

For up to date event listings and information, check out www.britcham.com

www.br i tcham.com24

NEW APPOINTMENTS / MEMBER BENEFITS

Page 25: December Issu

3C Synergy construction rerr cruiters expand operataa ions to Hong KoKK ngThe infrastructure, construction and property specialist recruitment firm, 3C Synergy has expanded operations and opened an office in Hong Kong. Building on their success within South

East Asia, where the head-office is based in Singapore, the philanthropic boutique recruitment firm will support contractors, consultancies and service providers across infrastructure, and

build projects in Hong Kong and mainland China.

“We are regarded as one of the few specialist recruiters for the built environment in Asia, and our network of contacts in the region allows us to support the multitude of projects in the

region,” said Managing Director, Dee Allan.

The only recruitment company in Asia to be recognised as a Chartered Building Consultancy by the Chartered Institute of Building, 3C Synergy will recruit for technical positions, ranging

from graduate to director level. They will also continue to support and spread the message of ‘buy one, give one’ as a ‘business partner’ of B1G1. Here they take a lead role in helping to

restore the landscape in Tanjung Puting National Park – BorTT neo, and provide funding for the ‘Therapy for the Daughters of Cambodia’ initiative.

HKMRFU and HSBC helpHong Kong youngsters enterrecord booksThe Hong Kong Mini Rugby Football Union (HKMRFU) and HSBC helped 2,610 very

excited youngsters enter the Guinness World Records book by organising the world’s

largest mini rugby tournament at the Hong Kong Football Club and Happy VaVV lley Sports

Ground. 2,610 boys and girls, aged between 4 and 12 took part in the event which

broke the previous World Record by 1,778.

The event was officially declared a Guinness World Record by Adjudicator Stuart

Claxton, with former Australian rugby player Matt Burke and Gavin Hastings, former

British & Irish Lions and Scotland player, joining in with the tournament.

The HKMRFU HSBC Mini Rugby ToTT urnament is another illustration of HSBC’s global

investment in the growth and development of rugby. Earlier this month the bank

announced the first ever series sponsorship of the HSBC Sevens World Series, as well

as the renewal of their Principal Partnership of the British & Irish Lions, who will play a

historic first match in Hong Kong on their way to Australia in 2013.

Kellett School recognised asproviding an ‘outstanding’ education for children overseasThis past November,rr Kellett School, the British International School in Hong Kong, became

the first British Internataa ional school to be rerr cognised by the UK Departrr ment for Educataa ion as

prorr viding an ‘outstanding’ educataa ion for childrerr n overseas. This news follows the school’s’ rerr cent

inspection by Penta Internataa ional which determined Kellett School to be an ‘excellent school’.

OFSTED, which stands for Offiff ce for Standards in Education, Children’s Servrr ices and Skills,

inspects all stataa e maintained schools and most independent schools in England. An ‘outstanding’

verdict is the highest possible rating. Penta International is one of the premier independent

providers of educational and management consultancy,yy monitoring, training and inspection

servrr ices. Based on the South coast of England, it supports schools, colleges, businesses,

governments and charities arorr und the world. It is one of six British accrer dited agencies thataa

specialises in rerr view, monitoring and inspection of schools overseas.

The inspection rerr portrr awaa arded the highest grades possible to the School for overall leadership

and management, effff ectiveness and quality of prorr vision and achievement & standards.

25

NEWS

Page 26: December Issu

Business Policy UnitTim Peirson-SmithExecutive Counsel

ChinaDavid WattWWDTZ

ConstructionDerek SmythGammon Construction

EducationStephen EnoBaker & McKenzie

EnvironmentAnne KerrMott MacDonald Hong Kong Limited

Financial ServicesInterest GroupDebbie AnnellsAzure Tax ConsultingTT

HR Advisory GroupBrian RenwickBoyo dyy edd n Searcrr h Gloll bal ExEE exx cutitt vevv

ICTKevin TaylorTTBT

Marketing & CommunicationsAdam O’ConorOgilvy & Mather Group

Real Estate Jeremy SheldonJones Lang LaSalle

Scottish Business GroupDr. Jim WalkerWWAsianomics Limited

LogisticsMark MillarM Power Associates

Small & Medium EnterprisesKate Kelly

Women in BusinessLisa BowmanDG3 Asia Limited

YNetworkFiona Foxon

Business Angel ProgrammeNeil OrvayAsia Spa & Wellness LimitedWW

Tim Hay-EdieSimple Pilot Software

Chairs of Specialist Committees

CORPORATEHong Kong Cyberport Management Co. LtdMark CliftChief Operating OfficerTel TT 3166 3821Fax 3166 [email protected] 1102 to 04, Cyber 2100 Cyberport Road, PokfulamHong KongBusiness Services

IRC LimitedFrederick MocattaHead of CommunicationsTel TT 2772 0007Fax 2772 [email protected], 9 Queen’s Road Central, Hong KongMetals / Minerals

The Laurus Group LimitedNick GreenManaging DirectorTel TT 2521 3456Fax 2521 [email protected]/F, Onfem TFF owerTT , 29 Wyndham StreetCentral, Hong KongExecutive Search

Platinum Wines LimitedRickesh KishnaniSenior Wine BrokerTel TT 2521 [email protected] 1601, Queen’s Palace74 Queen’s Road Central, Hong KongWines & Spirits

Fast Track Hong Kong LtdDan ParrDirectorTel TT 6136 [email protected]/F,FF Shun Ho ToTT wer,rr 24 Ice House StreetCentral, Hong KongPR & Marketing

International Administration Group(Hong Kong) LimitedJulian CareyManaging DirectorTel TT 3793 2654Fax 3793 [email protected]/F, TFF esbury CentrTT e28 Queen’s Road East, WanchaiWWHong KongFinancial Services

ADDITIONALTowers WatsonMark SaundersManaging Director HK & Risk Consulting Practice Leader, AsiaTeTT l 2593 4588Fax 2525 [email protected]/F, Sun Hung Kai CentrFF e30 Harbour Road, WaWW n Chai, Hong KongConsultancy

PricewaterhouseCoopersDavid McDonaldFinancial Services, Transfer PricingTTTeTT l 2289 3707Fax 2521 [email protected]/F, Edinburgh TFF owerTT15 Queen’s Road Central, Hong KongAccounting

DTZKate MedlicottAssociate Director, ResearchTeTT l 2250 8864Fax 2730 [email protected]/F, JarFF dine HouseOne Connaught Place, Central, Hong KoKK ngProperty / Real Estate Services

Deloitte Touche TohmatsuJoe MellishSenior ManagerTeTT l 2852 [email protected]/F, One PacifiFF c Place, 88 QueenswayAdmiralty, Hong KongAccounting

Deloitte Touche TohmatsuAndrea HowlManaging DirectorTeTT l 2852 [email protected]/F, One PacifiFF c Place, 88 QueenswayAdmiralty, Hong KongAccounting

DeaconsVivian PoonConsultant - Intellectual PropertyTeTT l 2825 [email protected]/F, Alexandra House, 18 Chater RoadFFCentral, Hong KongLegal

INDIVIDUALNicholas PirieTeTT l 2719 [email protected]: Dragon Chambers, 501,Lippo Centre, Tower 2, QueenswayTTHong Kong

OVERSEASBusiness BootcampDenis CampbellDirectorTel TT +44 1656 890 123dedd nisii .campm bellll @businii ess-bootctt ampm .comP.O Box 70, Cowbridge, WPP alesWWUnited KingdomConsultancy

LighterLife UK LtdPaul MerrifieldInternational ManagerTel TT +44 777 296 [email protected] House, ParkwayHarlow Business Park, Harlow, EssexCM19 5QF, United KingdomFFMedical / Healthcare

Multitone Electronics PLCHenry FungNon-Executive DirectorTel TT 2897 1111henryklf@championtechnologyr .comyyMultitone HouseShortwood Copse Lane, KempshottBasingstoke, RG23 7NL, United KingdomComputer / Technology / ITTT

Mogers LLPMark SageHead of Expat ServicesTel TT +44 1225 750 072Fax +44 1225 445 [email protected], Queen Square, Bath, BAI 2HYUnited KingdomLegal

International Study ProgramsViktoria KishManaging DirectorTel TT +420 604 950 942Fax +420 245 005 [email protected] Zderaze 15, 120 00 Prague 2Czech RepublicEducation

OVERSEAS ADDITIONALLabuan IBFC Inc. Sdn. Bhd.James MailerOffice ManagerTel TT 2527 2318Fax 2520 [email protected] 2B-11-3, Level 11, Block 2BPlaza Sentral, Jalan Stesen SentralKL Sentral, Kuala Lumpur, MalaysiaGovernment

YNETWORKHSBCSebastien LongImplementation ManagerBusiness Re-OrganisationTeTT l 2951 3102Fax 2951 [email protected]/F, HSBC Building, Mong KokFF673, Nathan Road, Mong Kok, KowloonHong KongBanking

www.br i tcham.com26

NEW MEMBERS

Page 27: December Issu

Shaken Not Stirred October 2010

Hi H lary Ty Thomomas as (Th(The BBritrititiishish Ch ambmber rof o Commmercece in n HonHo g g KKKg oongong), Tom mTTFalF lowowfi eld ((UglUgli),i), AnnA dydydy y MatMa her (I(Incinc sivivee eefiMedMe ia), FFioniona Aa Ashthhtononn n (In(Incisivee Mediadia))))

JJonathan Maaccey (R(Richchhhmond AAsset Managegemenment)t),t), BBBrBrian Muir r(Ri( chmc ond AAssetett MaMaaannagagemeement)t)t)nt), Davvid Dowwell (S(Straraatttetetetegte ic c Accceesesessse s))) PPPhhilhililippe PPeyeyron n (CC(Co(C llillililillil ers Internatatatnatioional),

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Daaaavvid Doooowwwell (l (Strateeggic AAAcAcAccceccess), Haaarrirrirririeet Ungngngnger (ThThhorprp Al berga)a), CCCCaaaaraaa A AtA ha (ZuZuZuZ ricricich)h)

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Jonathann Csanyanyyi-i-i-Friritrititz (((((FFFFlight Centre), Talialialina nana Irwrwrwin n ((F(Fl(Fligigghght Centtntrre)re)TTTT

FFranannk van BBemmmeelel l (ReReeggus), GGuyyy F F Fraser (r (MDS))

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Bina Deegangggan, T, T TTTomomomm m DeeDe gaanana TT(Simmons & S& SSiimimimimmmmmmmoonsons)

Jennynyy Pa Pang (Gi(GiGGiiilesleslles PuPubliblicaattions), Heenuu u NihNihalaalani ni ni (Gi(Gi(Gi( llesles Pubblliclicaationsonss), ), ), FreFreFreya ya SimSimppsopson Gn Giles (GiGiGiileslesl Pu Publibliliccatcatccc ioions)

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Li Lizz Hammmertortonnn (Strraateggicgic OfO fice Solutionnnsss),fiPPaul KKKidmidman (Headstrororong)

JJoJJ LLLoooddddd edd r ((A(( bbsoluull tteett RRReaall EEssEEEE tatt tett )e ,Grreeerrrr goorryyr PaPP ya nnyy ee (PP(( aaPP yyaa nyy es SSolill ccii iittootttt rrsrr )s

27December 2010 • Vol 25 • No 11

SHAKEN NOT STIRRED