BCBusiness

September 2018 The China Threat

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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34 BCBusiness SEptEmBER 2018 tANYA gOEhRINg explains. "It's a very fast-moving market, and also it's a very accepting market," Lau says. "People will accept a lot of new ideas." I'm not just here for the beer. This visit is courtesy of the Hong Kong government, which is hosting the Asia-Paci'c Business Forum (APBF) and the Internet Economy Summit (IES). Presenting the APBF: public agency Hong Kong Cyberport Manage- ment Co., the government's Innovation and Technolo§y Bureau and the United Nations' Economic and Social Commission for Asia and the Paci'c (ESCAP). Many of its sessions explore how the private sector can help reach the UN's 17 Sustainable Development Goals for 2030. Meanwhile, the IES is part of Hong Kong's e¨orts to establish itself as an Asian tech hub. "In Hong Kong, we are looking at how to improve our own competitive- ness and also grow our economy through the use of technolo§y and innovation," says Allen Yeung, the government's chief information o–cer, when I meet him at Cyberport, a sprawling o–ce, retail and incubator space in picturesque Telegraph Bay on southwest Hong Kong Island. With Macau, China's other SAR, Hong Kong is now part of the proposed Greater Bay Area, a region of 70 million people that includes nine cities in neighbouring Guang- dong province. It also wants to help with the Belt and Road Initiative ( BRI), China's ambitious plan to build land and maritime trade routes linking it to 60 other countries. For Yeung, that means deploying Hong Kong's fat Internet pipeline, which far out- strips the mainland's, for what's known as the Digital Silk Road. The city "can be a very important player as a digital connector between Hong Kong and the wider Belt and Road countries," he says. Joining the Greater Bay Area comes with two physical links to the mainland: the Hong Kong–Zhuhai–Macau Bridge, a 55-kilometre bridge and tunnel system; and a high-speed rail network that puts Shenzhen and its 12.5 million residents just 15 minutes away. Both are scheduled for completion this year. RED FLAGS You don't have to look far for proof of B.C.'s presence in Hong Kong. Close to my down- town hotel, I pass an outpost of White Spot's Triple O's burger chain. In the mall at the International Finance Centre, outdoor clothing maker Arc'teryx Equipment has a brand store—one of many throughout Asia. "We have a global consumer that travels the world in search of adventure and expe- riences, and Hong Kong is an important epi- centre market for our brand," says Megan Cheesbrough, the North Vancouver–based company's VP retail. Then there are the eerie geographi- cal parallels between Hong Kong and scaling up vancouverite steve Johansen found an appetite for his company's seafood overseas

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