US Caucus 2004
Report

 
 
Overview

Aloha! The 2004 U.S. Regional Business Forum was held in conjunction with the U.S. Caucus Executive Meeting in Honolulu at the beautiful state of Hawaii from February 18th to 20th, 2004. Almost twenty representatives and guests traveled from different parts of the U.S. mainland to take part in the program. Among the guests was Mr. Stephen Wong, who has recently assumed the role of Regional Director, Americas of the Hong Kong Trade Development (HKTDC).

The program was highly enriched by the presence of two prominent keynote speakers from Hong Kong, Mr. Daniel Fung (Former Solicitor General of Hong Kong 1994-98), and Mr. Paul Chan (Council Member of the Hong Kong Society of Accountants).

With complete Hawaiian hospitality, Ms. Laisin Lee, on behalf of the Hong Kong Business Association of Hawaii, coordinated the event and hosted some parts of the program. All of the delegates found the program very fruitful and thoroughly enjoyed the lovely sunshine on the renowned Waikiki Beach, with the exception of, perhaps, Mr. Eugene Hanratty of the Hong Kong Business Association of Atlanta who had been volunteered to organize and chair the Caucus Executive Meeting.

Undoubtedly, the most important accomplishment was the formation of a new umbrella organization, National U.S. Hong Kong Business Association (NUSHKBA), with eight founding Member Organizations including Atlanta, Hawaii, Midwest, New York, Northern California, Northern Texas, Southern California and the newest family member of the Federation, Hong Kong Club of Washington. The new organization will be representing almost 2,000 individual members in the United States.

Program

February 18, 2004 (Wednesday) ~ Welcoming Reception

After enjoying a magnificent sunset at the poolside of the Hyatt Regency Hotel at the welcoming reception hosted by the Hong Kong Business Association of Hawaii, Mr. Christopher Leu, Chairman of the Federation, introduced Mr. Stephen Wong to the delegation, members of the Hawaii association, local businessmen, as well as State officials. Following the introduction, Ms. Laisin Lee extended a warm welcome and presented souvenirs to the guests from the U.S. mainland.

February 19, 2004 (Thursday) ~ Caucus Executive Meeting

The Caucus Executive Meeting was held at the Iao Needle Room of the Sheraton Waikiki to discuss agenda items such as the formation of an umbrella organization and marketing plan of other upcoming activities.

February 19, 2004 (Thursday) ~ 2004 Hong Kong Business Association of Hawaii Installation Banquet

The 2004 Installation Banquet of the Hong Kong Business Association of Hawaii (HKBAH) was held at the Kauai Room of the Sheraton Waikiki Hotel. Observing the modern and ancient tradition of Hawaii, Ms. Laisin Lee and other HKBAH Board Members presented leis to the association heads and representatives, marking them as special guests of the evening.

With great honor, Mr. Christopher Leu was invited to install a group of business executives in the Honolulu business community to serve as Officers and Directors on the Board of Hong Kong Business Association of Hawaii in the year of 2004.

The keynote speech, "Political Future of Hong Kong", was delivered by Mr. Daniel Fung, SBS, QC, SC, who is the former Solicitor General of Hong Kong in 1994 to 1998, currently the Senior Counsel of the Hong Kong Bar, Chairman of the Des Voeux Chamber, Chairman of the Hong Kong Broadcasting Authority, and holding many other distinguished positions.

Mr. Fung's prevailing and remarkable presentation included an overview and outlook on the social and economic development of Hong Kong; and an outline of the advantages of doing business with China through Hong Kong, such as political stability, rule of law, an appellate system, international currency exchange and adaptable business model. At the Q&A session, he also touched on the latest infrastructure / transportation development between Hong Kong and China; the importance of the role of Hong Kong as an international financial center; and how Hawaii companies can develop business relations with Hong Kong and China. The audience was very pleased to have this unique opportunity in sharing the extensive knowledge of Mr. Fung, and as an added bonus, his occasional humorous remarks.

The evening could not be better complemented by the lion dance performance in celebration of the Chinese Year of Monkey, and hula dancing by beautiful Polynesian natives.

February 20, 2004 (Friday) ~ U.S. Regional Business Forum

The U.S. Regional Business Forum 2004 was held on the day following the Caucus Executive Meeting, giving the visitors from the U.S. mainland one more chance to enjoy the fabulous beach scenery from the Waianae Room of Sheraton Waikiki Hotel.

In his Opening Remarks, Mr. Stephen Wong introduced services provided by HKTDC that may facilitate Hawaiian companies in doing business with the Greater China market.

The Keynote Address by Mr. Paul Chan embraced on the topic of establishing a business in China using Hong Kong as an intermediary, and how to set up a business in Hong Kong. Mr. Paul Chan is Managing Director of Paul Chan & Partners and holding other public offices in Hong Kong.

A panel of business executives was also invited to share their hands-on experiences in doing business with the Greater China market. First, Mr. Walter Jamieson, Phd, School of Travel Industry Management of the University of Hawaii at Manoa talked about Travel and Tourism Planning for the Hong Kong and China market. Then, Mr. Robert Zheng, Director, Business Development Greater China of Wimberly, Allison, Tong & Goo, and Ms. Anne Li Mapes, President of Belt Collins Hawaii Ltd discussed the essential nuts-and-bolts details to successful ventures in China. Before the luncheon, Mr. Andrew Albano, Partner/Vice President, CB Richard Ellis Hawaii discussed the current real estate investment/development market in Hawaii and gave projections of the current residential market.

At the luncheon keynote address, Mr. Paul Chan conveyed another important message on the latest update of the Closer Economic Partner Arrangement (CEPA), the first bilateral free trade deal between Hong Kong and the Chinese mainland.

The Closing Remarks was delivered by Mr. Christopher Leu.

February 20, 2004 (Friday) ~ Meeting with State Officials

In an effort to strengthen the strategic relationship between Hong Kong and the State of Hawaii, the association heads and representatives visited the State of Hawaii, Department of Business, Economic Development & Tourism (DBEDT), and met with the team responsible for the development of the fast-growing hi-tech and film/entertainment industries and other local industry leaders.

Main Meeting

National Association

The association heads and representatives supported the formation of an umbrella organization, National U.S. Hong Kong Business Association (NUSHKBA), to strengthen and maximize the networking and marketing power of the individual Hong Kong associations in the United States.

The bylaws, drafted by Ms. Dawn Haghighi of the Hong Kong Business Association of the Midwest, was reviewed and revised with updates on the purpose and organizational structure.

The following Executive Officers were elected: Chairman, Mr. Raymond Cheng (President, Hong Kong Association of Southern California); President, Ms. Laisin Lee (President, Hong Kong Business Association of Hawaii); Vice President, Ms. Dawn Haghighi (Vice President, Hong Kong Business Association of the Midwest); Secretary General, Mr. Eugene Hanartty (Executive Director, Hong Kong Association of Atlanta); and Treasurer, Ms. Susanna Kwan (Executive Director, Hong Kong Association of Northern California).

Hong Kong Forum

Mr. Stephen Wong mentioned that the HKTDC World SME Expo (November 16-18, 2004) will be held to coincide with the HK Forum (November 16-17, 2004), giving the forum attendees more business and global networking opportunities.

Mr. Christopher Leu mentioned that the Federation Secretariat will soon be announcing special travel packages for early promotion of the upcoming Forum. In addition, the Federation will be publishing an annual report with advertising/sponsorship opportunities for the individual associations to be used as a marketing tool as well as another avenue for funding. Approximately 10,000 copies will be printed.

Various association heads and representatives volunteered themselves to seek financial sponsorships from major companies in their geographical areas to support programs specifically for the U.S. delegation.

Other Businesses

Mr. Stephen Wong gave an update on the announcement of the new Executive Director of HKTDC, Mr. Frederick Lam and the promotion of Mr. Alan Wong to be the Deputy Executive Director. He also assured the association representatives that HKTDC was supportive of the activities of the Federation and its members, and shared some of the strategies of HKTDC in promoting the positive image of Hong Kong.

Conclusion

All the representatives have found the meeting productive and beneficial, especially with the formation of the new national organization, the individual associations will be able to collaborate ideas, share and exchange resources, and have more bargaining power in obtaining sponsorships and other marketing activities.