HK introduces new anti-property speculation measures

HK introduces new anti-property speculation measures
China Invests in Canadian Oil-Export Project
New measures were introduced by the Financial Secretary, Mr John C Tsang, to curb hefty
increases in asset prices and overheated speculative activities. Since August, Hong Kong's
stock market has risen by 15%, with property prices going up by over 20%. Short-term
resale transactions as well are both increasing in number and decreasing in time-frame. This
asset market condition was labelled as both unsustainable and a threat to people's
livelihood.
To specifically address short-term speculative activities and thus reduce the risk of asset
bubbles forming, a Special Stamp Duty (SSD) on residential properties on top of the current
ad valorem property transaction stamp duty was introduced; payable jointly by both the
buyer and seller in the resale transaction. The SSD payable will be based on regressive rates
dependent on the duration of the property holding period.
For more information please visit:
http://www.info.gov.hk/gia/general/201011/19/P201011190280.htm
HK présente de nouvelles mesures contre la spéculation immobilière
Le Secrétaire Financier, M. John C Tsang, a présenté de nouvelles mesures afin de contenir
les augmentations significatives des prix des actifs et les activités spéculatives hors du
commun. Depuis le mois d’août, le marché boursier de Hong-Kong est monté de 15 %, avec
les prix des propriétés montant de plus de 20 %. Les transactions de revente à court terme
augmentent en nombre et se font plus rapidement.
Pour plus d’information visitez le:
http://www.info.gov.hk/gia/general/201011/19/P201011190280.htm
Husky Energy, Chinese partner advance their plans for offshore gas field
By The Canadian Press
CALGARY - Husky Energy Inc. (TSX:HSE) says it has an agreement in principle with China
National Offshore Oil Corp. outlining their plans for funding and operating the Liwan 3-1 deep
water gas field development.
The offshore gas field is one of the Calgary-based company's main development projects in
Asia. Husky announced last week that it would to keep the Asian business rather than split
them into a separate company.
For more information please visit:
http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b5350093
Husky Energy, les Associés chinois dévoilent leurs plans pour le gisement de
gaz offshore
CALGARY - Husky Energy Inc. (TSX:HSE) dit qu'il a un accord de principe avec China National
Offshore oil Corp. décrivant leurs plans pour financer et exploiter le développement du
gisement de gaz en eau profonde Liwan 3-1.
Le gisement de gaz en mer est un des projets de développement principal en Asie pour la
société basée à Calgary.
Pour plus d’information visitez le:
http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b5350093
Finance: China's Increasing Role in Global Capital Markets - including
Hutchison Whampoa case study
The Asia Pacific Foundation hosts a section on Asian Business Cases
In the December issue of the Asian Business Cases author Larry Wynant examines China’s
growing impact on global capital markets, particularly in Canada, to fund its growth and build
its global profile. He highlights four case studies that illustrate what attracts companies to
raise capital abroad and what the trade-offs are in deciding on a global capital issue. The full
summary and case studies published by the Asia Pacific Foundation of Canada in conjunction
with the Richard Ivey School of Business of the University of Western Ontario, can be
accessed here.
For more information please visit:
http://www.asiapacific.ca/asia-business-cases
Finance : le Rôle Croissant de la Chine dans les Marchés financiers Mondiaux
- incluant l’étude de cas Hutchison Whampoa
Dans la publication de décembre des Études de Cas Asiatiques, l'auteur Larry Wynant
examine l'impact de la Chine sur les marchés financiers mondiaux, particulièrement au
Canada, pour financer sa croissance et construire son profil mondial.
Pour plus d’information visitez le:
http://www.asiapacific.ca/asia-business-cases
Hong Kong to introduce new minimum wage
The Chief Executive-in-Council has adopted the recommendation of the Provisional Minimum
Wage Commission to set the statutory minimum wage at HK$28 an hour. The minimum wage
will come into force on May 1, 2011.
The Commission estimates that the impact of the recommended rate on Hong Kong's overall
unemployment rate is likely to be relatively mild; the inflationary impact likewise should also
be mild.
For more information please visit:
http://www.info.gov.hk/gia/general/201011/10/P201011100288.htm
Hong-Kong établira un nouveau salaire minimum
Le Cadre Conseil en chef a adopté la recommandation de la Commission Provisoire sur le
Salaire Minimum d’établir le salaire minimum statutaire à HK$28 de l’heure. Le salaire
minimum entrera en vigueur le 1ier mai 2011.
Pour plus d’information visitez le:
http://www.info.gov.hk/gia/general/201011/10/P201011100288.htm
Connect Hong Kong: Canadian Entrepreneurs
With Asia and particularly China offering new opportunities for Canadian companies looking
abroad to expand their businesses, Hong Kong is playing a key role in turning ideas into
action. The Hong Kong Trade Development Council (HKTDC) has recently put together a
series of video success stories that profile Canadian-run businesses in Hong Kong and how
they forge business connections across Asia and the rest of the world. These success stories
include a toy sourcing agent, a winery, a furniture/lifestyle store, and an environmental
services and investment company. The first 3 stories are now being featured at the HKTDC
YouTube Webcast channel:
http://www.youtube.com/hktdc
Please enjoy these presentations and then share your feedbacks with us – contact: Andrew
Yui, Director, Canada, HKTDC, email: [email protected]
Please also consider sharing the above with those who would benefit from knowing more
about how the well-positioned Hong Kong business platform adds value to their companies.
Entrepreneurs canadiens : Connectez-vous sur Hong-Kong
Avec l'Asie et particulièrement la Chine offrant de nouvelles occasions d’affaires pour les
sociétés canadiennes regardant à l'étranger pour étendre leurs activités, Hong-Kong joue un
rôle clé pour transformer les idées en action concrète. Le Conseil de Développement de
Commerce de Hong-Kong (HKTDC) a récemment réuni une série d'histoires à succès sur
vidéo détaillant le profil d’affaire de compagnies Canadiennes établies à Hong-Kong et
comment ils forgent des relations d'affaires à travers l'Asie et le reste du monde. Vous
pouvez visionner ces videos sur le site suivant:
http://www.youtube.com/hktdc
En espérant que vous apprécierez votre visionnement. Si vous le désirez, vous pouvez
partagez vos commentaires avec Andrew Yui, Directeur, Canada, HKTDC, courriel:
[email protected]
China market important for Canada than US, EU
Article from People’s Daily Online, October 29, 2010
Thanks to its ballooning consumption capacity and comparatively lower labor costs, China
has replaced the United States and European Union as the most attractive destination for
Canadian investors over the past two years.
"China has become our most important overseas market," said Albert Yu, president of Bank
of Montreal (China) Co Ltd and also Asia chief executive officer of the Bank of Montreal
(BMO).
The US and Canada have long been BMO's top two markets. One year ago, the Canadabased banking group decided to identify Beijing as its Asian headquarters, and this July, BMO
China got official approval from the Chinese government on starting its local business.
For more information please visit:
http://english.peopledaily.com.cn/90001/90778/90861/7181038.html
Le marché de la Chine important pour le Canada ainsi que les États-Unis, et
UE
Article tiré du People’s Daily Online, 29 Octobre 2010
Grâce à sa capacité de consommation qui augmente en flèche et les faibles coûts de maind'œuvre, la Chine a remplacé les États-Unis et l'Union Européenne comme la destination la
plus attirante pour les investisseurs canadiens lors des 2 dernières années.
"La Chine est devenue notre marché le plus important à l’étranger," a dit Albert Yu,
président de la Banque de Montréal (Chine) Co Ltd et aussi le Président-Directeur Général de
la Banque de Montréal (BMO) Asie.
Pour plus d’information visitez le:
http://english.peopledaily.com.cn/90001/90778/90861/7181038.html
Developing Retail Channels in China
Article from Hong Kong Trader, December 1st 2010
There can be little doubt that the Chinese mainland’s huge consumer market holds massive
potential. But the overall scale and density of development of mainland chain stores –
including department stores and supermarkets – have yet to match levels seen in the West.
In addition, the volume of goods produced for domestic sale is no match for that made for
export. Further development of the mainland economy and rapid urbanisation will lead to
gradual expansion of distribution chains. But in the meantime distributors are becoming
increasingly aware of the need to enhance cooperation with suppliers. Modern multi-purpose
shopping malls also provide new sales venues for franchisees to choose from. In turn, these
developments have led to an easing of restrictions Hong Kong companies face in developing
distribution channels on the mainland.
For more information please visit:
http://www.hktdc.com/info/mi/a/hkti/en/1X077JWJ/1/Hong-Kong-Trader-InternationalEdition/Developing-Retail-Channels-In-China.htm
Développer des chaines de distribution en Chine
Article tiré du Hong Kong Trader, le 1ier Décembre 2010
Il n’y a aucun doute que le marché de consommation Chinois a un potentiel énorme. Mais le
développement des grands magasins sur le continent - incluant les grands magasins et les
supermarchés – n’ont pas encore atteint le niveau de l'Ouest. De plus, le volume de
marchandises produites pour la vente domestique est très loin de la production destinée à
l'exportation. Le nouveau développement de l'économie sur le continent et de l'urbanisation
rapide mènera à l'expansion graduelle des chaînes de distribution.
Pour plus d’information visitez le:
http://www.hktdc.com/info/mi/a/hkti/en/1X077JWJ/1/Hong-Kong-Trader-InternationalEdition/Developing-Retail-Channels-In-China.htm
BNN, “Money talk”: October 11, 2010
CCBC Executive Director Sarah Kutulakos tells BNN MoneyTalk's Patricia Lovett-Reid in an
interview that China's growth as a world-leading economy will grow and it's re-emergence
as a power in the global political arena will continue. She said that China will be important
to Canada's future.
http://watch.bnn.ca/#clip358678
Extrait de l’émission « Money talk» le 11 Octobre 2010
La directrice exécutive du CCBC, Sarah Kutulakos, dit à Patricia Lovett-Reid lors de
l’émission MoneyTalk sur BNN que la croissance de la Chine comme économie mondiale
grandira et que sa renaissance comme puissance sur la scène politique internationale
continuera. Elle dit aussi que la Chine sera importante pour l'avenir du Canada. Voir
l'entretien en cliquant ici:
http://watch.bnn.ca/#clip358678
The HKCBA is co-organizing with HKTDC, HKETO and HKTB the
following Canadian trade missions to Hong Kong :
ACHKC co-organise avec HKTDC, HKETO et HKTB les missions
canadiennes à Hong Kong suivantes :
Jan 10-12, 2011
anadian Buying
Jan 10-13, 2011
anadian Buying
Jan 10-13, 2011
Canadian Buying Mission to Hong Kong Baby Products Fair
(http://hkbabyfair.hktdc.com/index.htm)
Jan 10-13, 2011
Canadian Buying Mission to Hong Kong International Stationery Fair
(http://hkstationeryfair.hktdc.com/)
Jan 17-20, 2011
Canadian Buying Mission to Hong Kong Fashion Week for Fall/Winter
(http://hkfashionweekfw.hktdc.com/)
Jan 17-20, 2011
Canadian Buying Mission to World Boutique, Hong Kong (http://worldboutiquehk.hktdc.com/)
Jan 17-18, 2011
Canadian Financial Delegation to Asian Financial Forum 2011
(http://www.asianfinancialforum.com/eng/index.htm)
For details of these trade missions, please contact
Pour plus de détails sur ces missions commerciales SVP contactez
Adrian Cheng @ [email protected]
Or/ou
Jill Chien @ [email protected] of Hong Kong Trade Development Council Toronto Office (Tel:
416-366-3594)