Commentary

Hong Kong’s reputation as an international arbitration venue enhanced

Since this author last reported on Hong Kong’s emergence as an important regional arbitration venue, two significant developments have further bolstered the standing of the territory.

Hong Kong’s reputation as an international arbitration venue enhanced

Since this author last reported on Hong Kong’s emergence as an important regional arbitration venue, two significant developments have further bolstered the standing of the territory.

Reaching new heights

The Asia Pacific (APAC) airline industry has been experiencing unprecedented growth in recent years. The Chinese airline players, especially, are leading the way with significant growth and expansion. This can be attributed to the country’s rapid urbanization and economic upswing leading to an increase in consumer spending and purchasing power from within (outbound travel) as well as a growing interest in China as a holiday and business destination without (inbound travel). As a result, about 360 million more APAC travelers are expected from the region by 2014. This also means a potential windfall for Hong Kong as it positions itself as the gateway to China as well as a launching pad for the Chinese to the rest of the world; Hong Kong is seen to be a popular first and last stop for travelers when they embark on their journey through the Far East and a popular destination for the Chinese exploring tourism for the first time.

Fiat currency solution

The only solution is to allow the volume of money to be determined entirely by free-market forces.

Great companies are about more than making money

The recent arrest of the Kwok brothers, members of one of Hong Kong’s highest profile business families, reminds us that doing business with friends and relatives can sometimes end in tears. But that doesn’t mean that Asia’s traditional family-based companies do not have something to teach the wider business world.

Losing your mobile worse than losing your wallet

It takes just a few minutes for people to realize they have forgotten their mobile phone after leaving home; but it takes in general much longer for people to notice that their wallet is missing.

Why firms must focus on retention right now

The financial services employment market in Hong Kong has seen better days. Put simply, there are more redundancies and fewer vacancies than a year ago as many institutions strive to slash costs in an uncertain global economic environment.

Is getting 'excited' really helpful?

I'm sure like me, many of you have been on a corporate training seminar that started the day with a ra-ra session to get you up out of your chair, get the energy flowing and get you in the mood to learn something new. Many of you may also have experienced that terrible feeling when sitting an exam of suddenly not remembering things you definitely knew the night before.

Collaboration is key for Hong Kong port operations

Hong Kong ports have benefited greatly from the region’s thriving trade activity in recent years. But now, the irregular economic ups and downs of the global market and industry changes may threaten future success.

International reserve currency

When Treasury Secretary Tim Geithner recently visited China in a rah-rah session for the dollar—their reaction was almost appalling. In fact, while speaking to Chinese university students... he promised them that the dollars owned by their government were "very safe … and their reaction? They nearly laughed him off the stage!

Ice-cold office tombs and flying freezers

Stepping into a Hong Kong bound Cathay Pacific airplane is like coming home; the organization is perfect, the hostesses are immaculate – and it is freezing cold onboard.

Knowledge advancements in Hong Kong

Like other major societies worldwide, Hong Kong is also transforming itself into a knowledge-based economy where increasingly firms are competing based on their leverage of collective wisdom and innovative capability of their staff and other stakeholders to design and deliver knowledge-intensive services.

Will US’s declining economy affect Hong Kong?

The US Bureau of Labor Statistics announced that 227,000 new nonfarm payroll jobs were created by the economy during February. Is that true? Of course not!

How to attract your targeted customers?

Do you ever wonder why some business owners are so successful, while others are just scraping by, trying to make some money for a living and working very long hours?

Hong Kong as an emerging arbitration venue

As Asia continues to grow in economic prominence, one of the region’s most established international arbitration venues is also raising its game.

Asian ETFs need more transparency

In August 2011, Chinese Vice Premier Li Keqiang visited Hong Kong, where he unveiled plans to create an exchange-traded fund (ETF) that would allow mainland China investors to invest in stocks listed in Hong Kong.

Heritage matters for Hong Kong companies too

“Corporations resemble nations in that they reflect the accumulation of past events and the shaping force of underlying genetics that have roots in prior generations.” Built to Last: Successful Habits of Visionary Companies