Tag Archives: China

     Shenzhen-listed multi-brand fashion apparel company Zhejiang Semir Garment Co Ltd announced today (June 22) that it will open its Balabala children’s apparel brand’s first store in Hong Kong tomorrow (June 23), leveraging the city’s international status and its sophisticated retail environment to extend its brand globally.
      
     The new store in Kowloon offers Balabala-branded children’s casual wear for all ages. The Deputy General Manager of Semir International Group (HK) Limited, Ms Leeky Li, said that the Hong Kong store will take the company to the world stage given the city’s sophisticated retail market and international clientele.
      
     Ms Li said, “Hong Kong is an international and well-developed city offering an ideal platform for us to enter the global market. The retail market here is also very established, which means a lot of convenience for us when we set up and grow from here.”
      
     She added, “As our regional office, the Hong Kong branch is also a major bridge and contact point to execute our global expansion plan in terms of acquisition, joint venture and overseas franchising. The city is also a key sourcing centre for our group. Therefore, Hong Kong offers us numerous strategic advantages.”

     Associate Director-General of Investment Promotion Dr Jimmy Chiang welcomed the opening of Balabala’s first store in Hong Kong. He said, “Hong Kong is a top shopping destination for international visitors. It also attracts retailers from around the globe to showcase their brands globally. We look forward to Balabala’s continuous expansion in the region via the city.”
 
About Zhejiang Semir Garment Co Ltd
 
     Founded in 1996 in Wenzhou, Zhejiang Semir Garment Co Ltd is a multi-brand garment company focusing on the business of casual wear and children’s wear. With two major brands, Semir and Balabala, the company operates a nationwide sales network with more than 8,600 stores. The company was listed on the Shenzhen Stock Exchange in 2011. For more information, please visit www.semirbiz.com.
 
About Invest Hong Kong
 
     Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies enrolled as its clients. For more information, please visit www.investhk.gov.hk.
      
     For an event photo, please visit www.flickr.com/photos/investhk/albums/72157698244899245.

  

     The Secretary for Financial Services and the Treasury, Mr James Lau, will depart for Mumbai, India, on Sunday (June 24) to attend the third Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) scheduled for June 25 and 26.
 
     This year’s theme is “Mobilising Finance for Infrastructure: Innovation and Collaboration”. Government officials and leaders from around the world will share ideas and experiences on creating a sustainable future through sound infrastructure investment.
 
     While in Mumbai, Mr Lau will also meet with the AIIB President, Mr Jin Liqun, and other financial officials attending the meeting. 
 
     Mr Lau will be back in Hong Kong in the morning of June 27.
 
     During his absence, the Under Secretary for Financial Services and the Treasury, Mr Joseph Chan, will act as the Secretary for Financial Services and the Treasury. read more

     The effective exchange rate index for the Hong Kong dollar on Friday, June 22, 2018 is 101 (down 0.2 against yesterday’s index). read more

     The Transport Department today (June 22) announced that two auctions of traditional vehicle registration marks will be held on July 7 (Saturday) and 8 (Sunday), in Meeting Room S221, L2, Hong Kong Convention and Exhibition Centre, Wan Chai.
 
     “A total of 280 vehicle registration marks will be put up for public sale at each auction. The lists of marks have been posted at the department’s website, www.td.gov.hk,” a department spokesman said.
 
     Applicants who have paid a deposit of $1,000 to reserve a mark for auction should also participate in the bidding (including the first bid at the reserve price of $1,000). Otherwise, the mark may be sold to another bidder at the reserve price.
 
     People who wish to participate in the bidding at the auction should take note of the following important points:
 
(a) Successful bidders are required to produce the following documents for completion of registration and payment procedures immediately after the successful bidding:
 
(i) the identity document of the successful bidder;
(ii) the identity document of the purchaser if it is different from the successful bidder;
(iii) a copy of the Certificate of Incorporation if the purchaser is a body corporate; and
(iv) a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. (For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed.) Successful bidders can also pay through the Easy Pay System (EPS). Payment by post-dated cheques, cash or other methods will not be accepted.
 
(b) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of Registration Mark immediately after the bidding. Subsequent alteration of the particulars in the memorandum will not be permitted.
 
(c) A vehicle registration mark can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate.
 
(d) Special registration marks are non-transferable. Where the ownership of a motor vehicle with a special registration mark is transferred, the allocation of the special registration mark shall be cancelled.
 
(e) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the registration mark to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the registration mark within 12 months, allocation of the mark will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.
 
     For other auction details, please refer to the Guidance Notes – Auction of Vehicle Registration Marks, which can be downloaded from the department’s website, www.td.gov.hk. read more

     Police today (June 22) appealed to the public for information on a man who went missing in Sau Mau Ping.      Yau Man-hoi, aged 72, went missing after he left his residence on Ngau Tau Kok Road … read more