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  • Deputy Chairmen’s View

    Prof Eric Yim

     

    Prof Eric Yim

        The local brand MOZACCO returned and presented its latest sports gear collection at the annual Standard Chartered Hong Kong Marathon last month. Unlike its previous edition which featured black for the theme, the new edition offers stylish and vibrant sportswear design collections in blue and pink for men and women respectively. The FHKI running team and I have dressed in the brand’s collection for the race. The brand, a project collaborated by local designers, industrialists and athletes, was launched by the FHKI last year. Well-received by industries and society, it showcases the possibility and achievement of cross-sectoral collaboration and reflects that designs and innovations can inject new vigour into Hong Kong industries. While Hong Kong has a large pool of design talents, enterprises should leverage the creativity and innovations to attain transformation and upgrading and stimulate crossover synergies. They can thereby elevate the value of brands and move up the value ladder for standing out from the crowd of competitors.

     

     

     

     
     
    Dr Daniel Yip

     

    Dr Daniel Yip

    Last month, Hong Kong Q-Mark Council signed a MOU with Industrial Association of Macau and Macau Productivity and Technology Transfer Centre to collaborate on promoting quality certification between both places. In the future, Q-Mark Council will extend Q-Mark certification’s coverage to Macau and encourage local enterprises to apply for the certification in a bid to raise their product quality and enhance their corporate image; and help promote Macau’s own quality certification scheme to be established in the near future to strengthen its product recognition and influence. Being recognised as a beacon of quality excellence, Q-Mark has been safeguarding the quality of products and services of certified companies for 40 years. Upon the realisation of the one-hour living circle in the Guangdong-Hong Kong-Macao Bay Area, consumers’ demand for quality products and services will only continue to grow. I thereby encourage all enterprises to make the best use of the Q-Mark certification in brand-building tactics, so as to enhance their marketing efficiencies and competitive edges, and at the same time to forge ahead quality Hong Kong and Macau brands.

     

     

     

    Dr Jack Yeung

     

     

    Dr Jack Yeung

       Chief Executive Carrie Lam visited a global community named Impact Hub in Zurich last month. The concept of Impact Hub is to turn idle premises such as old industrial buildings, vacant land and container houses into co-working spaces for young people. It is a place for startups to set up offices and meeting rooms, organise workshops and activities, as well as to exchange ideas, find inspiration, explore co-operation opportunities and spread their social influence. In fact, the Government has also put forth similar ideas to rejuvenate idle places, such as the Space Sharing Scheme for Youth programme launched last year and the possibility of reactivating the industrial buildings revitalisation scheme. If the Government can continue to provide comprehensive support such as tax concessions, capital, information and co-working space to startups, I am certain that it will encourage more local young entrepreneurs to start their businesses and attract overseas startups to base in Hong Kong.

     

     

     

     

    Dr Daniel Yip

     

     

    Dr Sunny Chai

    FHKI’s Innovation and Technology Development Committee held a lunch meeting with the Hong Kong Federation of Innovative Technologies and Manufacturing Industries last month, which allowed members to exchange views on issues such as tax deduction for R&D expenditure and the Technology Voucher Programme. As for the former topic, aside from sharing the views on expanding the list for recognised R&D institutions and allowing tax deduction for R&D expenses spent outside Hong Kong, we also think that expenses on exterior design and R&D software should also be appropriately included in the tax deduction coverage. Evidently, China has made great strides in R&D development in recent years. Hong Kong must pick up its pace with new and innovative policies that are driven by the practical needs of the industries but not those that are safe and conventional. We urge the Government to tailor the policies to the industries’ needs so that more of them may make use of such major tax deduction initiative.

     

     

     

    Dr Jack Yeung

     

     

    Sunny Tan

    Saudi Arabia oil company Saudi Aramco is planning to take its business public in the second half of this year. The company owns the world’s largest oil reserves of about 265 billion barrels, accounting for more than 15 per cent of the global oil reserves. It also has by far the world’s largest daily oil production of 12.5 million barrels per day. According to the Organisation of Petroleum Exporting Countries, while the current oil is priced at US$54 per barrel, a move to US$60 per barrel is possible, particularly if Saudi Aramco continues its production cuts. On the other hand, due to a substantial increase in US shale oil production to 430,000 barrels from last year, the US may be inclined to drill domestic oil under its abundant supply, further pushing down the oil price. I urge members to pay close attention to the latest moves on oil price and observe its impact on global commodities market.

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