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The shockwaves of the tragedy in New York and Washington DC on September 11 continue to ripple around the global trading community of which Hong Kong is a key member as the world's ninth largest trader. The Immigration Department has reported 13 Hong Kong residents still unaccounted for in the wake of the terrorist attacks. (full story)
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The Hong Kong Trade Development Council, publisher of Hong Kong Trader, wishes to express our deepest sympathy to all our readers touched by the tragedy of the September 11 terrorist attacks in the United States.
In targeting world tradeˇ¦s most glittering symbol, the perpetrators of this horrific act struck down thousands of innocent people from America and its global trading partners. Even as we grieve their loss, we can best honour their memory by getting back to the business of world trade as fast as security considerations allow. Building a more peaceful and prosperous world community on the foundations of global trade has become more important than ever. We must not, by these shocking events, be deterred from working together to succeed in this global economy.
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Strategic partnership between Hong Kong and Korean companies was a focus of the high level Korea/Hong Kong Business Round Table meeting on 24 September in Cheju Island. (full story)
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Hong Kong-based Sun Hung Kai Properties (SHKP) announced a HK$8.3 billion (US$1 billion) net profit for the year, reported the South China Morning Post. Chairman and chief executive Walter Kwok said the residential market would at least remain stable but was likely to recover next year. He added that the market was at its "best buy time" providing good investment opportunities for the company.
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National Day will be celebrated on 1 October, marking the anniversary of the 1949 founding of the Peopleˇ¦s Republic of China. Hong Kongˇ¦s Victoria harbour will be the scene of a stunning fireworks display in honour of the most important of Chinese public holidays. Mid-Autumn Festival is also celebrated during the long weekend.
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