Search Results for: hong Kong

The Hong Kong-based Esquel Group, the major global high-end shirt supplier, is making progress in a research programme to develop a sustainable Chinese supply of sea island cotton, an extra-long staple (ELS) cotton, in Xinjiang.

This autonomous territory in north-west China is a key cotton production centre for China, and a recent scientific conference in Urumqi, the capital city of Xinjiang, where Esquel has a 5,500-acre cotton field, discussed the latest key findings and challenges.…

China food manufacturing major the Want Want Group, has invested Chinese Yuan Renminbi CNY700 million (USD107 million) in a factory that will be the company’s biggest.

Spokesperson Zhu Jiwen said this new “model plant” is also “the group’s biggest investment in the mainland.”…

The United States Securities and Exchange Commission (SEC) has announced its first deferred prosecution agreement (DPA) against an individual in a Foreign Corrupt Practices Act (FCPA) case. FCPA civil charges against Yu Kai Yuan, an employee at the Shanghai subsidiary of Massachusetts-based PTC Inc, will be deferred three years until February 2019, “as a result of significant cooperation he has provided during the SEC’s investigation,” said a note from the regulator.…

Boxes are not known for their excitement, but personal care product companies are making secondary packaging more alluring by designing them to give consumers an enticing glimpse of the goods inside. They are also using their collective imaginations to create aesthetically desirable mixes of different materials and textures, maybe combining these with visually arresting spatial design.…

VIETNAM as almost a “sole supplier of textile products” among Trans-Pacific Partnership (TPP) member countries is banking on the TPP deal to expand its textile market share, according to VITAS – the Vietnam Textile and Garment Association. Moreover, a spokesperson from the association said that “many Hong Kong, South Korean, and Australian firms are developing and planning major textiles FDI [foreign direct investment] in Vietnam to produce yarn and fabric, the supporting textiles industry for apparel production.”…

Chinese tourism is changing the locations where cosmetics are sold internationally – and also changing how corporations are marketing to a savvier and better travelled breed of Chinese consumers, according to a detailed research report by a Hong Kong investment bank.…

Australian and New Zealand confectionery and ice cream manufacturers have been broadly supportive of the Trans-Pacific Partnership (TPP) agreement that was finalised towards the end of 2015, recognising the potential for securing export sales in lucrative Asian markets. That said, there is some caution, given the TPP delivers more potential for America’s juggernaut of a confectionery sector to roll into local stores.…

Changing management styles is key the success of corporate gender diversity initiatives in the Gulf region and elsewhere, participants of a recent networking breakfast hosted by the Association of Chartered Certified Accountants (ACCA) have concurred.

Entitled ‘Lead the Change: increasing gender diversity to boost performance’, the event was held on February 7 at the Shangri-La Dubai hotel and was attended by more than 60 CFOs and senior finance professionals.…

The Hong Kong government has announced its 2016 budget which includes a salaries tax reduction of up to HKD20,000 (USD2,574), increasing personal allowances and offering a rates waiver within its 2016-17 budget. The government has also announced a 75% profits tax reduction up to a ceiling of HKD20,000; waived business registration fees; and released a technology voucher programme assisting small-and-medium sized businesses.…

If there is one region in the world that could benefit from a rationalisation of corporate governance structure, it is surely Asia, with its shifting sands of complex company ownership structures. Globalisation has only increased the size of subsidiary/parent relationship webs.…