THE ARAB CHAMBER OF COMMERCE & INDUSTRY’S PRESIDENT LORD EDWIN E. HITTI CONSULTS THE COMMERCE & ECONOMIC DEVELOPMENT BUREAU OF THE HONG KONG SAR GOVERNMENT ON NEW ECONOMIC AND TRADE OFFICE IN DUBAI

December 2, 2020

Lord Edwin E. Hitti, President of The Arab Chamber of Commerce & Industry at the request of The Commerce and Economic Development Bureau, of the Government of Hong Kong SAR, consulted key officials, under the trend of globalisation, to establish a wide global network to expand new economic and trade ties, on the formation in Dubai, U.A.E. one of five new “Economic and Trade Offices’ (ETOs).

Lord Edwin conveyed sincere congratulations to the Office Director General Mr. Damian LEE; Deputy Director Mr. Alvin WONG; and by extension to the Bureau Head, the Secretary for Commerce and Economic Development, Mr. Edward YAU Tang-wah, GBS, JP, on this initiative, and indicated that it is necessary to enhance Hong Kong’s representation and raise the SAR’s profile in the Middle East region.

With such initiative the HKSAR Government will strengthen ties with the Arab countries, in particular the GCC, with a view to encouraging local governments; companies; and individuals to make more use of Hong Kong’s financial services and use Hong Kong as a financial platform.

In addition, there are huge potentials in the Islamic financial market. Improving Hong Kong’s links with the Muslim communities will help promote the development of the Hong Kong Islamic banking sector.


THE ARAB CHAMBER OF COMMERCE & INDUSTRY CELEBRATES 15 YEARS OF AMBITIOUS UNDERTAKINGS, SUCCESSFUL RELATIONS, AND MONUMENTAL ACHIEVEMENTS AMID RECENT CHALENGING COVID-19 TIMES

November 17, 2020

The Arab Chamber of Commerce & Industry proudly celebrated its 15th year anniversary online due to the Covid-19 pandemic lockdown restrictions.

President Lord Edwin E. Hitti, congratulated all members and friends on their remarkable journey, particularly the ArabCham U.N. Special Consultative Status, and ever increasing alliances and membership scores.

Wishing all good health and positive hopes for better days to come.


THE ARAB CHAMBER OF COMMERCE & INDUSTRY MEMBERS PROVIDE DIRECT SUPPORT TO THE BLAST AND ECONOMY RAVAGED LEBANESE POPULATION

November 13, 2020

In the wake-of the devastating Beirut Port explosion in Lebanon, affecting thousands of people and causing significant damage across the capital, The Arab Chamber of Commerce & Industry members have been providing life-saving contributions, in cooperation with The Moubadarat Wa Kararat Association NGO, making basic assistance to families based on their needs efficiently possible. The help included food parcels, hygiene kits, psychosocial support kits, shelters, and primary healthcare and medicine.


THE ARAB CHAMBER OF COMMERCE & INDUSTRY’S PRESIDENT LORD EDWIN E. HITTI EXTENDS CONGRATULATIONS FOR THE 71ST ANNIVERSARY OF THE PEOPLE’S REPUBLIC OF CHINA

October 1, 2020

On behalf of The Arab Chamber of Commerce & Industry and its members, Lord Edwin E. Hitti extended the warmest felicitations for ‘The 71st Anniversary of the Founding of The People’s Republic of China’, to Commissioner Xie Feng and members of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong SAR.

Lord Edwin E. Hitti also congratulated Chief Executive Carrie Lam Cheng Yuet-ngor, GBM, GBS, of the Hong Kong Special Administrative Region of the People’s Republic of China.

“Wishing all a Happy National Day! and sincere congratulation to the People, and Government of the People’s Republic of China, for the great achievements over the past 71 years.”


THE ARAB CHAMBER OF COMMERCE & INDUSTRY GLADLY SUPPORTED THE CONSIGG “WHEN LUXURY MEETS ART” EXHIBITION

August 31, 2020

The Arab Chamber of Commerce & Industry’s President, Lord Edwin E. Hitti, was pleased to attend  CONSIGG Art Advisory’s exclusive luxury showcase at the legendary Landmark Mandarin Oriental Hotel, Hong Kong.

Benjamin Sigg and The Landmark Mandarin Oriental, Hong Kong were excited to present this second luxury showcase with exclusive access to a host of luxury and elite brands. An unprecedented combination of art, antiques, collectibles, beauty products, bespoke apparel, and luxury goods, in a single showcase, despite the COVID-19 impediment, attracting a large number of celebrities and aficionados.

MACEY AND SONS exhibited a one-of-a-kind British sterling silver collection along with whisky investment talks & profiling sessions hosted by special whisky experts; AMOREPACIFIC, the eponymous luxury brand by Korea’s No. 1 beauty corporation, brought the power of precious AbsoluTea™ for artisanship of beauty, while Author of Perfumes GOUTAL, the authentic taled-inspired French perfume house, introduced a captivating multi-sensory fragrance experience.

ASIA YACHTING displayed a curated selection of bespoke materials and scale models of their prestigious yacht brands – Monte Carlo Yachts and Prestige Yachts.

DAVID YURMAN by David Yurman and his wife Sybil, the New York based jeweler company with signature cable pattern design, presented their exquisite high jewelry collections. Leading art advisory CONSIGG showcased fine contemporary art and STEP CREATION showed new works by Kongo and Hom Nguyen.


THE ARAB CHAMBER OF COMMERCE & INDUSTRY DELIGHTED TO BE MADE AWARE BY THE OFFICE OF THE COMMISSIONER OF THE MINISTRY OF FOREIGN AFFAIRS OF THE PEOPLE’S REPUBLIC OF CHINA IN THE HKSAR, OF PRESIDENT XI JINPING’S THOUGHTS

August 28, 2020

 

The Department of Policy Research of The Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong SAR, shared with The Arab Chamber of Commerce & Industry, President Xi Jinping’s thoughts about the country’s new development pattern, which responds to grave and complex international and domestic circumstances.

China Foreign Affairs Liaison Office in Hong Kong

How will China shape its development strategy for new stage?

Xinhua | Updated: 2020-08-27 09:31

President Xi Jinping

BEIJING — China’s development is entering a new stage. This is the latest assessment made by Xi Jinping, general secretary of the Communist Party of China Central Committee, on the future prospects of the world’s second-largest economy as it prepares economic and social development plans for the next five years.

The next five-year plan, the 14th in a row, is now very much in the spotlight. The plan period (2021-2025) will mark the first five years of China’s new journey toward fully building a modern socialist country and marching toward the second centenary goal, according to Xi, who delivered his comments this week at a symposium with experts on economic and social work.

How will China navigate this new stage of development? What will China’s economic and social roadmap be in post-epidemic era? Here are some takeaways from the symposium.

FORWARD-LOOKING PLANNING

Drawn up every five years since 1953, the five-year plan is a major feature of China’s governance system, setting growth targets and defining economic and social development policies to ensure national strategies keep pace with the times.

At the symposium this week, Xi, reiterating that the world is undergoing profound changes unseen in a century, stressed the adoption of a long-term perspective, grasping the trend of the times and extensively pooling wisdom to study new circumstances and make new plans.

To reflect the forward-looking vision, when the Communist Party of China Central Committee meets in October to outline the 14th Five-Year Plan, a longer-term vision for 2035 will also be put up for discussion, envisioning a period during which the country’s socialist modernization is expected to be basically achieved.

Experience has shown that conducting mid- to long-term planning would allow the market to play a decisive role in the allocation of resources, while allowing the government to play a better role, Xi said at the symposium.

“The 14th Five-Year Plan will be a critical plan, drawn up at a critical time,” said Wang Changlin, president of the Academy of Macroeconomic Research of the National Development and Reform Commission, who attended the symposium.

China should be fully aware of both the increasingly complicated external environment and its distinctive advantages, staying strategically focused and preparing for a “protracted war,” said Wang.

AN OPEN DUAL CIRCULATION

First introduced in May this year, the new development pattern known as “dual circulation”, which takes the domestic market as the mainstay while letting domestic and foreign markets boost each other, has been placed high on the authorities’ agenda.

Describing the new pattern as a “strategic choice,” Xi said it is by no means a closed domestic loop, but an open dual circulation that involves both the domestic and foreign markets.

He also reaffirmed that opening-up is a fundamental national policy, noting that China will see its status continue to rise in the world economy, with closer ties, and the country will provide more extensive market opportunities for other countries.

Lu Ming, a professor with Shanghai Jiaotong University who was another speaker at the symposium, said Xi’s remarks have sent a clear signal dispelling concerns that China will shift its focus from opening-up to the domestic market.

Rather, Chinese policymakers are fully aware of the importance of further opening-up and are determined to follow the path of reform, he said.

The new development pattern, with the domestic market being the mainstay, is in line with China’s efforts to expand domestic demand in the past decade, according to Jia Kang, chief of the China Academy of New Supply-side Economics.

Taking the domestic market as the mainstay does not mean zero exports, but greater volatilities and uncertainties in foreign trade within an unstable international environment, said Jia, emphasizing that China’s status as the “world’s factory” will not be changed.

INNOVATION AS KEY

In pursuing the new development pattern, scientific and technological innovation, especially making breakthroughs in core technologies, is widely regarded as the key to shaping domestic circulation.

At the symposium, Xi underscored creating new growth momentum through scientific and technological innovation, vigorously enhancing the capability to conduct innovation independently, and achieving breakthroughs in key and core technologies as soon as possible.

To this end, he urged giving full scope to enterprises as the main actors in technological innovation, and vigorously cultivating and introducing world-class talent and scientific research teams.

Innovation-driven development on technological fronts perfectly fits the needs of creating the dual-circulation pattern with the domestic market as the mainstay, said Lu, who noted that development propelled by domestic demand will particularly boost the well-being of the Chinese people.

Echoing Xi’s call, Robin Li, chairman and CEO of China’s internet giant Baidu, pledged to share the company’s data and computing power with millions of developers and partners to push for an industrial upgrade.

“By being creative and helping them solve problems and encourage innovation, we can stimulate the vitality of the (company’s) ecological chain,” said Li.

 


THE ARAB CHAMBER OF COMMERCE & INDUSTRY RECEIVED FROM THE OFFICE OF THE COMMISSIONER OF THE MINISTRY OF FOREIGN AFFAIRS OF THE PEOPLE’S REPUBLIC OF CHINA IN THE HKSAR AN ARTICLE FOR DISSEMINATION

July 9, 2020

Ministry of Foreign Affairs of the People's Republic of China

Today ‘The Department of Policy Research, at The Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong SAR’, shared with us an article entitled “What’s False and What’s True on China-related Human Rights Matters”.

Click here to view: https://www.fmprc.gov.cn/mfa_eng/zxxx_662805/t1794581.shtml?from=singlemessage.%20Best%20Regards.


THE ARAB CHAMBER OF COMMERCE & INDUSTRY’S PRESIDENT LORD EDWIN E. HITTI ATTENDS THE OFFICE OF THE COMMISSIONER OF THE MINISTRY OF FOREIGN AFFAIRS OF CHINA IN THE HKSAR NATIONAL SECURITY LEGISLATION PRESS CONFERENCE

May 25, 2020

The Arab Chamber of Commerce & Industry’s President, Lord Edwin E. Hitti, was delighted to attend at The Office of the Commissioner of the Ministry of Foreign Affairs of China in the HKSAR, the national security legislation press conference, on 25 May 2020.

In which Commissioner Xie Feng briefed foreign consular corps, chambers of commerce, international organizations and media in Hong Kong on the proposed national security legislation for Hong Kong and later took questions from the audience.

Commissioner Xie outlined in the following points that the national security legislation for Hong Kong is of greatest urgency, and that the Central People’s Government has both power and obligation to safeguard matters of national security.

  • First, national security legislation for Hong Kong is right and proper and of greatest urgency.
  • Second, it is just and legitimate for the Central Government to safeguard national security, which is both within its power and its obligation.
  • Third, the national security legislation will ensure the enduring success of “One Country, Two Systems”.
  • Fourth, the international community can rest assured about the legislation for Hong Kong.
  • Fifth, the Chinese government is rock-firm in upholding national sovereignty, security and development interest in implementing the “One Country, Two Systems” policy, and in opposing any external interference in Hong Kong affairs.

Commissioner Xie, Beijing’s top diplomat in Hong Kong stressed, don’t demonize the legislation, urging people not to be misled over the new law by those with ulterior motives. He added, the national security legislation will alleviate the grave concerns among local and foreign business communities about the violent and terrorist forces.

After the briefing, Commissioner Xie answered questions from the Consuls-General of Cambodia and Egypt to Hong Kong, Head of the European Union Office to Hong Kong, Representative of The Japanese Chamber of Commerce, and President of The Arab Chamber of Commerce in Hong Kong, Reuters and TVB journalists, on the backdrop, timing and aim of the legislation, the legislative procedure and timetable, its impacts on the high degree of autonomy, citizens’ rights and freedoms, the rule of law and the business environment in Hong Kong, and details and enforcement mechanisms of the legislation.

Q&A transcript: http://www.fmcoprc.gov.hk/eng/zydt/t1782645.htm

Over 130 delegates attended the press conference: Consuls-General and Senior Officials from 58 countries in Hong Kong, including France, Germany, the UK, Japan, Russia, Brazil and Singapore, and Head of the European Union Office to Hong Kong; members of 15 International Chambers of Commerce in Hong Kong representing countries including the US, Japan, the UK, the Arab world and Australia; 17 media outlets including the New York Times, the Wall Street Journal, the Financial Times, CNN, NHK, Reuters, Bloomberg, The Economist, the South China Morning Post, TVB, Phoenix TV, Wen Wei Po, Ta Kung Pao, CCTV, Xinhua News Agency, China News Service and China Daily, and heads of offices of international organizations to Hong Kong including the Bank for International Settlements, the United Nations High Commissioner for Refugees and the International Organization for Migration.

For more visit the following:

http://www.fmcoprc.gov.hk/eng/zydt/t1782538.htm

http://www.fmcoprc.gov.hk/chn/zydt/t1782536.htm

 


THE ARAB CHAMBER OF COMMERCE & INDUSTRY’S PRESIDENT LORD EDWIN E. HITTI ATTENDS THE OFFICE OF THE COMMISSIONER OF THE MINISTRY OF FOREIGN AFFAIRS OF CHINA IN THE HKSAR PRESS CONFERENCE

February 7, 2020

The Arab Chamber of Commerce & Industry’s President, Lord Edwin E. Hitti, was pleased to attend The Office of the Commissioner of the Ministry of Foreign Affairs of China in the HKSAR press conference, on Feb.7, 2020. Commissioner Xie Feng briefed nearly 60 representatives of the media, consular corps, chambers of commerce and international organizations in Hong Kong on the prevention and control of 2019 novel coronavirus-infected pneumonia.

Touching the emotions of all, Commissioner Xie vividly highlighted China’s speed  in responding to the fast-spreading virus, noting in particular the scientists in the country taking only a week to identify the pathology of the virus, and the building in just 10 days of a new hospital in Wuhan, the central mainland city where the outbreak began.

He added that China had kept the public and the world informed in an “open, transparent and responsible spirit”, and urged backing from the international community. Highlighting a community connected to the common destiny, and to be alert and curb the “virus” of discrimination, hatred, and racism, criticizing “overreaction and fear-mongering” by some.

On Hong Kong, Commissioner Xie noted there had been panic buying of food and other necessities. He gave the assurance: “The Chinese government and the HKSAR government will continue to ensure supply, not only of tissues, but rice, drinking water, meat and so on, to Hong Kong.”

“Rumour itself is a dangerous virus which will cause panic and chaos,” he added, responding to the emergence of fake news surrounding the contagion.

 

 

 


THE ARAB CHAMBER OF COMMERCE & INDUSTRY GLADLY ATTENDS THE CONSIGG “ART OF COLLECTING” EXHIBITION

January 17, 2020

The Arab Chamber of Commerce & Industry’s President, Lord Edwin E. Hitti, was pleased to attend the “Art of Collecting” – Benjamin Sigg Collection, a private exhibition event held by CONSIGG Limited, and hosted by Pinel & Pinel – Malletier Maroquinier Contemporain.

Benjamin Sigg, an avid supporter to the International art community. Specializing in contemporary Chinese art, South East Asian art and International emerging artists, the “Art of Collecting” event featured selected artworks by a range of highly successful, leading, and emerging artists such as: Chen Ke – Yin Kun – Hao Shiming – Zhou Jinhua – Li Jin – Ji Dachun – Li Yan – Jiang Congyi – Wu Mingzhong – Yoo Jung Hyun – Zhao Shuhong – and Caitlin Truman Baker

There was a clear invitation to enjoy the delights and wonders that contemporary art has to offer. With a positive outlook that comes from collecting art, the joys of Benjamin’s endeavors were evident.