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Events Roundup: March

Events Roundup: March
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Awards Success
Cathay Pacific announces the winners of the 2011 Cathay Pacific China Business Awards
Intertek, Fired Up Corporation and Queen Mary University of London were winners at the prestigious 2011 Cathay Pacific China Business Awards, which took place at London’s Mandarin Oriental Hotel on 13 January, 2012. Introduced in 2005, the awards scheme acknowledges and celebrates UK business dynamism and success in China and Hong Kong. 

Douglas Flint, HSBC Chairman, and Angus Barclay, Cathay Pacific’s General Manager Europe, recognised the achievements of the winning organisations at the awards ceremony attended by leading business figures from the UK, Hong Kong and China.

UK Chancellor of the Exchequer George Osborne visits Hong Kong and Beijing
UK Chancellor of the Exchequer George Osborne visited Hong Kong and Beijing from 15 to 17 January, 2012.
Arriving in Hong Kong on Sunday evening, the chancellor delivered a keynote address at the Asian Financial Forum the following day, where he met leading inward investors including Li Ka Shing, Chairman, Cheung Kong Holdings. He also called on Donald Tsang, Chief Executive of the Hong Kong SAR Government and Norman Chan, Chief Executive of the Hong Kong Monetary Authority.

The chancellor then departed for Beijing on Monday afternoon where he met Zhou Xiaochuan, People’s Bank of China Governor. On Tuesday, the Chancellor had talks with Vice Premier Wang Qishan at the Great Hall of the People. He also met Lou Jiwei, Chairman of China Investment Corporation, and Jiang Jianqing, Chairman of Industrial and Commercial Bank of China.  The Chancellor’s visit furthered cooperation with China on the development of the offshore RMB market in London, as well as helping promote major opportunities for Chinese investment in UK infrastructure.

During his visit, the chancellor also announced two joint programmes between UK Research Councils and the National Natural Science Foundation of China. One focuses on the development of electricity smart grids, while the other relates to scientific collaboration on stem cell research.

Talks at the Great Hall of the People

Taking the China Challenge
Natasha Mogere reports on the recent Regional Cities Roadshows

For British companies wishing to break ground in China, the key is shifting focus. Too many organisations pitch up in familiar cities such as Beijing, Guangzhou, Shanghai and Shenzhen only to find mature and increasingly saturated markets. Even niche opportunities are limited as competition from other foreign films and increasingly sophisticated Chinese companies continues to grow.

In 2011 CBBC collaborated with the University of Leeds to publish a new key UKTI-commissioned report entitled Opportunities for UK Businesses in China's Regional Cities. Accompanied by a roadshow around China and the UK, the report guides companies on how to access business opportunities in China's emerging regional cities.
From December 2011 to February 2012 the roadshow visited Glasgow, Durham, Manchester, Cheltenham, Birmingham, Inverness, Derby and Guildford. China stops included Beijing, Shanghai, Guangzhou, Chongqing and Hong Kong.

Speakers represented a range of sectors from energy to financial services and included Consul General Pan Yundong, John McLean of Albany Capital, Prof Bernie Callaghan of Sunderland Software City, Paul Grover of WYG Group, Patrick Tindale from 4Energy, Mark Beresford-Smith from HSBC and Robin Stevens of Crowe Clark Whitehill.

Meeting the Consuls General
Kathryn Leake gives the lowdown on the CBBC Members’ Briefing with Consuls General to China

In February CBBC was pleased to welcome three British Consuls General to China into its London office for a briefing and Q&A session.
Alastair Morgan, Consul General Guangzhou, said that while people are looking more to China’s interior, opportunities still abound in China’s coastal regions. He highlighted continuing demand for infrastructure development and growing demand for consumer durables as key opportunities.

Brian Davidson, Consul General Shanghai and surrounding areas, has nine fast-growing regional cities under his remit. Moreover, Shanghai remains a very strong base for financial and professional services.

Simon Lever, Consul General Chongqing, announced that Chongqing was China’s fastest growing city last year, and the Chinese Government’s “Go West” policy means that the city’s growth is supported at the highest level. Chongqing’s Liangjiang New Area has been singled out as a high value opportunity for UK investors.

The Consuls General take questions at the members' briefing

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