AmCham Weekly Newsletter

Weekly Newsletter

The ninth session of Onward Hong Kong series, held on Wednesday, focused on regional cooperation and opportunities for and beyond Hong Kong. This panel invited experts David Butts (moderator), Isara Vongkusolkit, Khalil Manaf Hegarty, Twinky Chai, Irina Fan, and Witman Hung to share their insights with over 40 attendees. Some key takeaways:

As an international business hub with international best practices, Hong Kong is a good sandbox for companies to scale up their business and go global in the areas of compliance, design, branding and marketing;
Hong Kong can develop into an education hub to reskill and upskill talent from other global markets such as ASEAN, Belt and Road;
There are strong ties between the Greater Bay Area and the Belt and Road; as a super-connector, Hong Kong’s competitive advantages lie in investment & finance, trade & logistics support and professional services;
As Asia’s No.1 green finance hub, Hong Kong plays a critical role in fulfilling US$9 billion green infrastructure investment needs along the Belt and Road;
Although Hong Kong isn’t a member of the Indo-Pacific Economic Framework (IPEF), there are opportunities for Hong Kong in terms of trade facilitation and good regulatory practices (GRP)

This Week at AmCham

Closed-Door Briefing with HKSAR Chief Economist Adolph Leung

On Thursday morning, AmCham hosted Chief Economist Adolph Leung at AmCham Community Hub where he gave members an update on Hong Kong's economy prospects, FDI, talent attraction, etc. The session was followed by an interactive Q&A.

Private Viewing at W.H.Y. Gallery

Hosted by Creativity & Arts Committee Co-Chair Heidi Lee, AmCham members gathered at W.H.Y. Gallery for a private viewing of the Magic Gate - the first two-person show of Italian artist Giulio Malinverni and Bulgarian artist Anastasiya Parvanova in Hong Kong. Thank you Vanessa Wong for hosting and giving us a tour of the art pieces!

If you are interested in learning more about the arts and cultural scene in Hong Kong, stay tuned for our next committee event!

Impact Mixer: Corporates x Social Entrepreneurs

AmCham and Dream Impact co-hosted a networking mixer for social entrepreneurs, non-profits, and like-minded individuals that are interested in innovative solutions to create a positive change in our communities.

Thank you Fair Taste, Kaifong Tour, Happy-Retired, Institue of Leadership and Management, Hong Kong Momtrepreneurs, OkayMinds, Soulsoil, Fair Trade Hong Kong, Bamboo Generations, Hollo, and Ways Out Hong Kong for participating in this event.

Greater China's Trade & Investment Related Issues with Hogan Lovells

Powered by Hogan Lovells, AmCham hosted a panel discussion on key legal and geopolitical issues that will have a profound impact on businesses and their operations in, across, and outside Greater China. Thank you for joining us.

Talent Connect is AmCham's latest service for members near and far. Tailor-made solutions for your growing business as high-level job seekers and employers connect through our AmCham website, newsletter, and social media platforms.

Please contact us today to learn more about this exciting new package.

Policy Updates

Discuss with a committee chair or vice chair the policy opportunities, challenges and recommendations that are relevant to your industry, and submit your views by July 20, 2023.

Government Announces Expanded Talent List to Attract More High-quality Talent

The Government announced the expanded Talent List that increases the coverage from 13 professions to 51 and that immediately applies to the Quality Migrant Admission Scheme, the General Employment Policy and the Admission Scheme for Mainland Talents and Professionals, with a view to attracting more high-quality talent to come and meeting Hong Kong's development needs.

Official Launch of Northbound Trading of Swap Connect

Northbound Trading of Swap Connect provides a convenient and secure channel for international investors to trade interest rate swap products in the Mainland via a connection between infrastructure institutions in Hong Kong and the Mainland. The scheme aims to facilitate global investors' management of interest rate risks arising from their allocation to Mainland bonds.

2023 Mainland-Hong Kong Joint Funding Scheme Opens for Applications

This week, the Innovation and Technology Commission launched the 2023 Mainland-Hong Kong Joint Funding Scheme to invite proposals for applied research and development (R&D) projects jointly conducted by institutions in Hong Kong and the Mainland under three specific themes:

Biotechnology
Artificial Intelligence (AI)
New Materials

Policy Briefings Exclusive for Members

Policy Briefing on Copyright (Amendment) Ordinance 2022

Jun 19, 2023 (4:00 PM - 5:00 PM) | In-person

Please join us for a policy briefing with the HKSAR Customs and Excise Department, and the Intellectual Property Department, at the Customs Headquarters on June 19 to better understand the Copyright (Amendment) Ordinance 2022 from both the enforcement and policy perspectives.

The briefing will be mainly conducted in Cantonese with presentation materials in English. Please take language capacity into account.

Coming Up

Doing Business in the GBA

May 23, 2023 (12:00 PM - 2:00 PM) | In-person

How has the GBA evolved in the past 3 years? What is the lastest investment policy? What are the bright spots in terms of business opportunities?

Please join this exclusive luncheon where executives from PwC will give an update on the GBA as an investment destination and entrepreneurs will share the practicality of doing business in the region and why it is important to companies' business strategy.

US-China Policy: An Update From DC

May 23, 2023 (4:00 PM - 5:00 PM) | In-person

We invite you to join several senior members of Akin's top-ranked lobbying & public policy practice in Hong Kong to discuss key developments in Washington impacting China and Hong Kong.

Following the panel, there will be a networking reception.

Building a Sustainable Future: A Dialogue with Senior Partner Architect Colin Ward, Foster + Partners

May 24, 2023 (6:00 PM - 9:00 PM) | In-person

Join us for an insightful conversation with Colin Ward, Senior Partner Architect at Foster + Partners, as he shares his project highlights and discusses the critical role architecture plays in society. Colin will delve into his experience transforming the previous landmark Hong Kong Municipal office building to now the iconic modern hotel, The Murray, which has set a new standard for sustainable design in the city. He will also discuss the innovative design of the Hong Kong International Airport, characterized by its use of natural lighting and its unique "kept free" feature of service installations.

Fraud and Compliance in the Post-Pandemic Economy

May 25, 2023 (5:00 PM - 7:00 PM) | In-person

The AmCham Law Committee is pleased to invite Grace Zhu of Kirkland & Ellis and Royston Tan of White & Case as distinguished guest panelists to share their perspectives on new patterns of fraud emerging in the post-pandemic economic, as well as recent developments in enforcement and corporate compliance programs.

Onward HK Finale: International Business in the Next 25 Years

Jun 14, 2023 (4:15 PM - 6:15 PM) | In-person

This session seeks to summarize the learnings from this whole Onward Hong Kong series. How do AmCham members look ahead at the road they face, and take advantage of the special characteristics of Hong Kong being an international business city sitting in China.