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Doing Business in Hong Kong
Located at the crossroads of East and West, Hong Kong has been a major trading port in Asia for over a century. Over time, with the development of its financial market and service sector, Hong Kong has evolved into one of the most important business centres in Asia. For overseas companies doing business in Asia, Hong Kong is Asia's world city. Canadian Companies in Hong Kong It is no surprise that you can find many Canadian companies with their Asia headquarters or regional offices in Hong Kong. Financial Sector
Bank of Montreal Swift Trade Information Communication and Technology Advantech Breconridge Manufacturing Celestica CIMTEK Cognos Descartes System Etratech Evertz Microsystems Hummingbird Communications Leitch Mitel Meriton Networks Nortel Networks Northern Digital Inc. Qualicom Innovation Redknee Research in Motion Sierra Wireless SiGe Semiconductor Skywave Mobile Communications TelcoBridges ViXS System Zi Technology Professional Services Golden Associates Lord Cultural Giffels International Delcan Full Scale & Partners East Communications Retail, Consumer Goods & Sourcing Canadian Tire Maple Leaf Food Seagram Reitmans Fruits and Passion Umbra Club Monaco Transportation
Air Canada Education �@ University of Western Ontario, Richard Ivey School of Business
Here is what some of them have to say about doing business in Hong Kong: Delcan Delcan is a major Canadian consulting and project development company. It specializes in infrastructure project such as transportation systems, communications, highways, municipal roads and transit, water supply and sewerage treatment, manufacturing facilities and commercial and residential developments. The company has offices in Canada, US, Hong Kong, Taiwan, Venezuela, Barbados, El Salvador, Israel, Greece and locations in Africa. "After fifteen years of operation, we have found Hong Kong to be a really free market. It is easy to do business there. It has excellent financial, telecom and business infrastructure. Businesses are very professional about dealing with contract. It is also a strategic location for doing business in the region, particularly for the China market, considering the number of companies there with experience doing business in China." Joseph Lam, Executive Vice President University of Western Ontario The Richard Ivey School of Business has a long standing reputation as one of the best business schools in Canada. The Wall Street Journal has ranked Ivey the number one business school outside of the US. "We see Hong Kong as an exciting place, because of the international nature of the city with all the global business activities. It is a wide open market, easy to operate, but it is also tremendously competitive. It is an affluent market that values quality products and services." Larry Wynant, Associate Dean, Asia and Executive Director of the Cheng Yu Tung Management Institute. Methanex Canada based company Methanex Corporation, is the world's largest producer and marketer of methanol, with a global network of methanol plants and marketing divisions. "We looked at a shortlist of different cities in Asia Pacific and Hong Kong came out on top when we evaluated each location against our criteria. The relocation has gone very well. We are enjoying the benefits of being able to coordinate things better and work more closely with our clients. Hong Kong is a strategic location for Methanex and we are pleased that the cost differential is not as high as we thought. In Hong Kong there is great transparency; there are no hidden costs or surprises." Mike Herz, Managing Director of Methanex Asia Pacific Ltd. Research In Motion (RIM) Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). "Hong Kong not only boasts a superb business network, legal system, advanced ICT infrastructure, and a highly skilled labor force, it is also the gateway to mainland China, which offers significant opportunity for growth. For all these reasons, Hong Kong is an ideal location for RIM's regional headquarters." Landes Canada Inc. Founded over 30 years ago and based in Quebec, Landes is a leading leather label manufacturer, serving most leading denim brands in North America. Mr. Udo Scherff, CEO of Landes Hong Kong Ltd. explained, "Seeing the rapid growth of denim apparel manufacturing in China and throughout Asia, Landes saw the need to establish its presence in a strategic location in the region. Since Hong Kong is a hub for the apparel industry in Asia, it is the logical place to build our regional base. With the new office and manufacturing facilities in Hong Kong, we will be able to provide more efficient and timely service to our clients in the denim industry which manufacture in Asia." How we can help Our office provides information to Canadian companies interested in establishing their business presence in Hong Kong. The 'Invest Hong Kong Desk' of the Hong Kong Economic and Trade Office in Canada (Ms Shirley Wong, Principal Consultant/Investment Promotion: Tel 416-324-8150) offers free consultation service to Canadian companies or individuals who are interested in expanding their businesses to Hong Kong. Such service includes: advice on business and investment opportunities in Hong Kong, introduction to local strategic partners and practical assistance in setting up. All services are confidential and free of charge.
For further information, please contact [email protected].
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