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The global fashion industry will enjoy a better year in 2002, according to 70 per cent of buyers and exhibitors interviewed at Hong Kong Fashion Week Fall/Winter2002, held from15-18 January at the Hong Kong Convention and Exhibition Centre. Some 64 per cent of buyers expected a rebound in the US market, said the survey, which was commissioned by the Hong Kong Trade Development Council (TDC).
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The Hong Kong ”„idea”¦ is stronger than ever and the Hong Kong ”V US business relationship is better than ever before. That is the view of the new chairman of The American Chamber of Commerce in Hong Kong (AmCham), Jim Thompson. He was speaking at his inaugural luncheon in Hong Kong on 16 January 2002. (full story)
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The overwhelming success of the films Harry Potter and Lord of the Rings will lead to increased sales of movie-related toy products in overseas markets, and portends a turnaround in the entire global toy industry, according to a report by the Hong Kong Trade Development Council (TDC). The US, Europe and Japan would see growth of up to 2 per cent over the Christmas and New Year period, said the report. Sales in major overseas markets in the toy industry experienced a 2 per cent year on year increase, as consumers spent more money on toys instead of travelling at Christmas 2001. (full story)
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Hong Kong has been chosen as the first offshore centre of California-based United Commercial Bank (UCB) because of its prime geographical location for entering the China market, business expertise and cultural affinity with the Chinese mainland, according to president and chief executive officer Thomas Wu.
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Tourist arrivals in Hong Kong reached a record 13.7 million last year, according to the Hong Kong Tourism Board. In December, 1.3 million visitors arrived in Hong Kong, the highest number ever recorded in one month. Tourism Board executive director Clara Chong said, "It is clear that customer confidence is returning, albeit slowly, after the September 11 terrorist attacks."
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US-based Internet Software Consortium (ISC), a non-profit consortium for security certification of international information systems, is establishing its Asia-Pacific regional headquarters in Hong Kong, due to its high-technology base and security awareness, according to managing director James Duffy.
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