In comparison to the business environment of Hong Kong throughout 2015, that of 2016 did not fare any better in most cases, according to findings from AmCham’s year-end business outlook survey. Conducted in the last quarter of the year among 700 member companies (with more than 1250 invitations and a response rate of roughly 10 percent), the survey revealed that while Hong Kong’s current real GDP growth remains in positive territory – expected at 1.5 percent for 2016 – it is also lower than that of the past five years. The cost of doing business, meanwhile, far outpaces the level of profits today.
Hong Kong – January 19, 2017 – The American Chamber of Commerce in Hong Kong (“AmCham”) appreciates the HKSAR government’s response to the need of promoting smart living at the community level and expanding Hong Kong’s reach to opportunities in partnership with mainland Chinese cities in areas of professional services and trade and investment.
On Jan 26, AmCham hosted Ms. Phyllis Li, Deputy Director of Planning / Territorial, Planning Department to brief about HKSAR Government’s recent public engagement exercise “Hong Kong 2030+ Towards a Planning Vision and Strategy Transcending 2030”, a territorial development strategy that will shape the built and natural environment of Hong Kong beyond 2030. You are cordially invited to share your views to AmCham before Feb 24 for consideration of inclusion in the Chamber’s submission.
For the seventh year in a row since AmCham Hong Kong reinstated in 2010 its annual “Doorknock” trip to China’s capital city, a delegation of senior business executives led by Chairman Walter Dias was in Beijing to have candid face-to-face discussions with Chinese government officials responsible for making and implementing polices that influence business development in China.
Shortly after the Shenzhen Hong Kong Stock Connect was launched on Dec 5, AmCham HK President Richard Vuylsteke led a delegation of 32 members to exchange views and explore business opportunities in the financial industries with regulators, industry leaders and policy advisors in Shenzhen on Dec 8.
Re-elected for a second term in 2017, AmCham Chairman Walter Dias reflects on chamber activities of the past year amid surprising global development and highlights the continuation of AmCham 2020, a five-year strategic plan designed to better meet the needs of members, with a focus on formulating improved communications, local and international media content and awareness as a stronger, consistent voice on key issues affecting the business community of Hong Kong
A doctor of tremendous ethical and professional competence and an individual of high standards and integrity, Dr. Thomas Chan is named winner of AmCham’s 2016 Ira Dan Kaye Community Service Award for his years of dedication to the alleviation of poverty, particularly among children, through World Vision here in Hong Kong and in China