Hong Kong Plans for Further Growth

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The event was held at Chalmerska huset, formely the private residence of William Chalmers who lived in Canton and Macao during the period 1783-1793. Thus this location was a good setting for discussing what is happening in the  region today. Business people from Sweden, mainland China, Hong Kong and the United States gathered at this event to get an update of recent development and future plans of Hong Kong.  Since Hong Kong is a springboard for doing business in East Asia, many participants were interested to learn how you can do business in China with Hong Kong as a home base

Ms. Erica Ng, Director General, Hong Kong Economic Trade Office gave an introduction to Hong Kong and what the city can do for you. Hong Kong has a growth agenda and invests in infrastructure including a bridge to Macao, high-speed train to Guangzhou and a third runway at the international airport. Mats Gerlam from InvestHK told what his organization can do for companies that want to open office in Hong Kong. Office space can be expensive but some small Swedish design companies have created a cluster where they can share some resources and exchange ideas.

Interesting fact: There is a direct flight connection between Gothenburg Landvetter airport and Hong Kong. Just cargo, though.

Kristian Odebjer and Paulo Fohlin, both from Magnusson Law Firm, discussed the legal aspects of doing business in Hong Kong and mainland China. Legal contracts and arbitration were discussed.

Thomas Sjoblom, Attorney at Law, the United States gave a presentation about American anti-corruption law enforcement, formalized in the Foreign Corruption Protection Act. This is an American legislation. Still, non-American companies with any American connection (business, banks, owners, customers …) falls within the jurisdiction of this legislation. Something to have in mind for Swedish companies doing business in China and elsewhere.

The event was moderated by Carl-Fredrik Hedenström, Magnusson Law Firm. This was a joint event by West Sweden Asia Gateway, Magnusson Law Firm, Hong Kong Economic Trade Office and InvestHK.