Each year, GIC and GCC conduct a joint Business Confidence Survey in order to gauge the current sentiment and outlook among members of the German business community in Hong Kong. The latest survey gathered a total of 109 responses over a two-week period between May and June 2022. The lowest number of registered answers for any of the questions included in this summary report was 93 (with the exception of specific follow-up questions on companies’ relocation plans).

On 16 June 2022, the HKSAR Government released the long-awaited list for the 8th cycle of the Designated Quarantine Hotel Scheme from 1 August to 31 October 2022. The list includes a “first batch” of 62 designated quarantine hotels with approximately 23,000 rooms. Due to high demand over the summer, a second batch of quarantine hotels is expected to be released within the coming days.

Counterfeiting is a highly lucrative and growing business. Brand owners must continue developing processes and strategies to protect themselves from financial and non-financial losses. GCC member NanoMatriX describes five steps enterprises can take to establish and continuously improve their counterfeit resilience. In addition, the article provides a list of online and offline anti-counterfeit technologies with two case studies.

The series “Wirtschaftsdaten kompakt” by Germany Trade & Invest provides an updated overview of key statistics and economic indicators on Hong Kong twice a year, including demographics, economic and trade performance, main imported and exported goods, as well as foreign trade with Germany and the EU in particular. The latest set of data as of 31 May 2022 is now available for download (German language).

Project S is the first fitness studio of its kind in Hong Kong, offering a set of workouts that give quick results by combining strength and cardio. Project S is the largest independent spinning studio in Hong Kong with 22 bikes and a HIIT room.

Founded in December 2021, PurLogis GmbH is a leading promotion fulfilment service provider in Europe. In addition, PurLogis solves global procurement and logistics challenges for internationally operating companies.

This month, Hong Kong bid farewell to one of its most iconic cultural landmarks: The Jumbo Floating Restaurant and adjacent Tai Pak Floating Restaurant, jointly known as Jumbo Kingdom. Jumbo Floating Restaurant was opened in 1976 by late business tycoon Stanley Ho, while Tai Pak had operated since the 1950s and was later acquired by Ho in the 1980s.

During its heyday, Jumbo Kingdom was claimed to be the largest floating restaurant in the world, serving local seafood and dim sum specialties to as many as 2,300 guests on a floor area of 45,000 square feet. Located in the Aberdeen South Typhoon Shelter, Jumbo Kingdom was one of Hong Kong’s most recognisable tourist attractions during its 44 years of service. Its eccentric appearance in the style of a Chinese imperial palace not only attracted prominent visitors such as Queen Elizabeth II, former US President Jimmy Carter, and Hollywood star Tom Cruise, but also made it a popular filming location for several blockbusters, such as the 1974 James Bond instalment The Man With The Golden Gun.

In March 2020, the coronavirus pandemic forced the Jumbo Kingdom to close its doors for, as it turned out, the final time. Due to the high maintenance costs, parent company Aberdeen Restaurant Enterprises eventually announced in late May 2022 that the vessel would be towed out of Hong Kong and delivered to a new operator overseas. However, the Jumbo Kingdom’s final voyage to an undisclosed location in Cambodia came to a tragic end only days after its departure, when the vessel reportedly encountered “adverse conditions” and capsized near the Paracel Islands in the South China Sea on 19 June. And thus, after 46 years, Hong Kong’s most famous floating restaurant is floating no more.