Please click on each headline for the latest news on Hong Kong and China:
Hong Kong emerges as the fastest growing wine hub
Hong Kong has emerged as the fastest growing wine hub while China's quest for wine has ousted the United States as Bordeaux's number one client outside Europe, according to a recent AFP dispatch from France's leading wine region Bordeaux.
In 2009, wine sales to China increased by 40 per cent to 74 million euros, with volume increasing by an impressive 97 per cent. In the same year, Bordeaux exports to Hong Kong increased 46 per cent to 109 million euros, representing a 24 per cent increase in volume. And 2010 looks bright.
Meanwhile, wine prices also have reached a frenzy on the Hong Kong auction market. In 2009, 14 fine wine auctions raked in an aggregate 45 million euros, outstripping London and placing it second only to New York.
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Hong Kong serves as a hub for brand visibility
Hong Kong's long tradition as a key transportation hub and its position as a world leading trade centre underscored global logistics and transportation provider Aramex announced recently its decision to expand the scope of it's operations in the territory.
The expansion will see Aramex's Hong Kong office become an independent business centre and regional hub focused on expanding operations within Hong Kong, increasing its market share for both express and freight, and improving the visibility of the Aramex brand in Asia's most critical trading hub. The office will be tasked to grow Aramex's market share locally and regionally, expand overall ground operations, penetrate substantially into Hong Kong's retail market and serve the wholesale market in Mainland China.
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Hong Kong soon boasts a "green" automobile industry
According to a recent report in the Hong Kong Standard, Hong Kong will soon boast a green automatic industry.
As a joint venture among Taiwan, Mainland China and Hong Kong, Halo Motor plans to set up a small production line in the next two to three years and aims eventually to churn out 10,000 electric vehicles a year. A research and development centre is also to open in Hong Kong's Science Park by the end of March.
A Halo spokesman says the development of green batteries will be handled by Taiwan, while Hong Kong will design and produce prototypes, and the Mainland China will eventually take charge of mass production. As well as creating a Hong Kong brand for electric vehicle technology and manufacturing, Halo predicts earnings of US$10 billion (HK$78 billion) a year and the creation of 100,000 jobs when its plans for an industrial park for electric vehicles bear fruit.
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HKTDC International ICT Expo 2010
The HKTDC (Hong Kong Trade Development Council) International ICT Expo 2010 is to be staged at the Hong Kong Convention and Exhibition Centre from April 13 to 16. The expo will bring ICT products and service providers into direct contact with solution-seekers. Industry leaders from all over the world will attend this event, making it a valuable networking opportunity.
The event last year was attended by over 560 exhibitors from 16 countries and regions, including leading companies from Australia, Canada, the Chinese mainland, India, the Philippines and Taiwan. Also staging concurrently is the HKTDC Hong Kong Electronics Fair (Spring Edition). The two fairs will converge over 2,700 exhibitors.
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AsiaWorld-Expo named "Best Exhibition and Convention Centre"
AsiaWorld-Expo has been named "Best Exhibition and Convention Centre" in the 10th CAPITAL Outstanding Enterprise Awards. Organised by CAPITAL and South China Media, the awards are designed to recognise Hong Kong's most vibrant and forward-looking businesses, honouring them both for their achievements and for their contribution to the local economy. Since opening at the end of 2005, AsiaWorld-Expo has been committed to continuously enhancing and improving its facilities and service quality.
Looking ahead, AsiaWorld-Expo continues to build on this success with a diverse range of MICE events, many of which draw on Hong Kong's unrivalled reputation for bringing together quality suppliers and buyers from around the globe. Upcoming high-profile events include the latest China Sourcing Fairs, and the 2010 Hong Kong Jewellery and Gem Fair. Another highly anticipated event is CARTES in Asia, a three-day conference and exhibition that will bring together smart-technology industry leaders.
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