May-Jun 2022
Dear Reader,
Around 242 tonnes of textile waste were disposed of at Hong Kong’s landfills in 2020. Every day. The majority came from domestic households. While the annual share of textile waste (2.2%) may seem marginal compared to the three major categories in Hong Kong – perishables (32.2%), paper (24.5%), and plastics (21.4%) – the broader environmental impact of the textile industry is by no means insignificant. Below, we look at the issue of fashion waste and potential ways to resolve it.
You will also find the results from a recent flash survey by the German Chamber in China regarding the country’s Covid-19 strategy, as well as a current report on salaries and wages in Hong Kong by our partner GTAI.
As always, we thank you for your continuing support and look forward to receiving your feedback.
Stay healthy and stay well!
Your GIC/GCC Team |
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No Time to Waste: Sustainable Solutions to Fast Fashion |
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It has become increasingly evident over the past decade that production and consumption patterns based on short-lived trends and product life cycles are detrimental to achieving international sustainable development goals. The fashion and apparel industry arguably provides one of the most striking examples for this inherent issue. Recent statistics on carbon emissions and waste disposal underline the urgent need for a fundamental re-evaluation of the fast fashion business model and lifestyle; a global challenge that is of particular relevance for Hong Kong, a city overwhelmed by its waste. Here we take a look at the environmental impact of fast fashion, as well as potential solutions. |
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| Foreign employees are increasingly considering to leave the China due to the country’s strict Covid-19 strategy, a recent flash survey among 460 member companies of the German Chamber of Commerce in China shows. Nearly one third (28%) of the surveyed companies’ foreign employees have plans to leave China due to the Covid-19 policies; 10% even plan to do so before their current employment contract ends. |
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| Wages and salaries in Hong Kong increased slightly in 2021 on the back of the SAR’s overall economic recovery. In 2022, average incomes are expected to continue to rise by a moderate 1.7% nominally, according to the annual labour market report of Hong Kong’s leading job portal JobsDB. In financial services, logistics, and ICT, salaries could potentially increase by up to 3%. The outlook in other sectors is less optimistic. |
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GCC Sustainability Series |
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The ongoing series of monthly seminars under the motto "Green Solutions from Germany" aims to promote the concept of responsible use of resources in every aspect of our daily lives, both as an integral part of our business philosophy and as global citizens. |
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Join our upcoming session on 8 June 2022 with Roland Berger Hong Kong and learn all you need to know about challenges and opportunities on the path to carbon neutrality for European business in China. Registration is free of charge for members. |
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GIC/GCC Supporting Events |
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2 June, 2022 Shandong - Hong Kong Co-operation: 'New Business Collaborative Opportunities in China (Shandong) Pilot Free Trade Zone' Symposium”
Join government officials and experts from Hong Kong and Shandong to explore the emerging business opportunities in Shandong. Jointly organised by Invest Hong Kong, and the Department of Commerce of Shandong Province. In the symposium, you can: - Learn the investment policy and latest business environment of Shandong
- Understand the up-to-date development of the Shandong Pilot Free Trade Zone (including Jinan, Qingdao and Yantai Areas)
- Gain valuable networking opportunities with Shandong authorities
- Gain insights from the experience sharing session
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17 June, 2022 BEC EnviroSeries Conference: Driving Business Ambition into Action for a Net-Zero Hong Kong
Given the backdrop of the 26th United Nations Climate Change Conference of the Parties (“COP26”) held in November last year, and the Hong Kong SAR Government announcement of a four-pronged decarbonisation strategy (October 2021) under Hong Kong’s Climate Action Plan 2050. This conference aims to prepare and galvanise Hong Kong businesses to join force in the race to net-zero carbon.
Specifically, the Conference will (a) showcase the importance of setting ambition and taking early business action, (b) discuss how innovation and partnership can bridge the gap between pledges and action, and (c) inspire BEC members and the private sector to transform for a net-zero and sustainable Hong Kong. |
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05-06 October, 2022 ReThink HK 2022, HKCEC
We are pleased to be supporting the European Pavilion at ReThink HK. The European Pavilion will host companies operating across the sustainable business landscape and provide them with an opportunity to demonstrate their innovations, services and solutions to a professional audience of business and sustainability leaders looking for the tools to help them along their sustainable transformation journey.
The European Pavilion has two booth options to cater for different needs and budgets – with 50% EMF subsidy funding available for eligible companies. A place on the European Pavilion will cost just HK$7,470 when confirmed before 31st July!
ReThink HK 2022 Event Brochure, Pavilion packages, and application form can be downloaded here. Please contact EuroCham: marketing@eurocham.com.hk. |
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| AnyDesk Software is one of the leading providers of remote desktop solutions. The software has already been installed on more than 500 million devices in 190 countries worldwide and is used by almost 100,000 customers. |
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Bright Star Technologies is involved in the buying, sourcing, trading, product development, and manufacturing of a wide variety of products from China, with a focus on electrical appliances, steam cleaning, electronics, health, wellness and fitness, gifts, promotions, and packaging. |
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Chung Wai Chemical is a reputed importer and exporter of plastic raw materials, including engineering plastics, commodity plastics, and thermoplastic elastomers. Established in 1993, the company has offices in Hong Kong, Mainland China, and Vietnam. |
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EY helps to create long-term value for clients, people and society, and build trust in the capital markets. Enabled by data and technology, diverse EY teams help clients grow, transform and operate in over 150 countries. |
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Established in 1981, Giordano is one of the best known and established apparel retailers in the Asia Pacific region, employing approximately 5,900 friendly staff with around 2,100 shops operating in more than 30 countries and regions. |
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Kitchen Infinity emerged as the innovator of lifestyle and kitchen solutions in the 1980s. The company has been importing German quality Gaggenau and Poggenpohl products to Hong Kong for more than 30 years, bringing the world’s best designs to Asian homes. |
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New Primary Corporate Representatives
- Eastwise – Mr. Lennart Grumann, Business Development Manager
- Serai – Ms. Scarlett Tai, Partnership & Events Manager
Find all 2021-22 representative changes at a glance here. |
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Looking for a New Challenge?
Visit the DE Job Market for current openings: - Manager, GNTO Marketing and Sales Office Hong Kong
- Business Trainee, Chamber Department
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Is Your Profile Up to Date?
Our online Member Directory is your access point to relevant information and contacts within the GCC network – anytime from anywhere.
To maintain a reliable source for new connections and business opportunities, it’s essential that your company profile stays up to date.
Learn how to update your profile here.
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… why Hong Kong’s taxis come in three colours? |
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Taxis are arguably one of the most recognisable features in the streetscape of Hong Kong with their three distinctive colours; red for all of Hong Kong, green for the New Territories, and blue for Lantau. But where did this system come from?
The success story of taxis in Hong Kong began in the 1920s. One of the early innovators in the business was local entrepreneur Wu Chung, who started out as an unlicensed driver before buying his first own cab in 1926. By the early 1940s, he reportedly owned a fleet of 40 cars, earning him the nickname “Taxi King”. After a temporary shutdown during the war, Wu continued to grow his family business and eventually incorporated Central Taxicab in 1962. Wu is credited with the introduction of the iconic ‘Taxi’ roof lights in the early 1960s, which could be manually switched on and off by the driver. By 1967, his fleet had grown to around 500 taxis.
Hong Kong’s taxi industry was dominated by four major companies by then, whose cabs were coated in different colour patterns. Central Taxicab and Star Taxicab were based on Hong Kong Island, while Blue Taxicabs and New Taxicab – the latter also partially owned by the Wu family – were operating on the Kowloon side. Towards the end of the 1960s, taxis were becoming increasingly difficult to identify due to the rising number of private cars. In addition, most taxis were concentrated in heavily congested Kowloon, while the New Territories were largely serviced by unlicensed operators. To regulate these issues, the Government introduced the modern three-colour system representing different jurisdictions in 1974, and stopped issuing new licenses after 1994.
The “Big Four” have exited the taxi business one by one since the 1970s. However, while the golden age of taxis may be long gone, Hong Kong’s tri-coloured cabs continue to enjoy great popularity, with 660,000 daily passengers as of 2021. |
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Contact
Any questions or comments? Reach out to us:
Hendrik Hillebrecht Manager, Communications & Committees
T: +852 2526 5481 | D: +852 2532 1218 |
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Wondering what 'sunmun' (新聞) means? It's Cantonese for 'news'! With GCsunmun you will always stay on top of what’s currently going on in the Hong Kong–German business community.
© 2022 German Industry and Commerce Ltd. German Chamber of Commerce, Hong Kong 19/F, COFCO Tower | 262 Gloucester Road | Causeway Bay | Hong Kong T: +852 2526 5481 | F: +852 2810 6093
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