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COUNTRY PROFILEIssue 2 | 2012 www.48exhibition-world.netRegional developmentThe Pearl River Delta (PRD) in which Hong Kong sits, is an incredibly fast-growing and populous region. In 2011 the Chinese Central Government announced a vision for the area's development; the 'Outline of the Twelfth Five-Year Plan for the National Economic and Social Development of the People's Republic of China'. More than simply a snappy title, this plan envisions the creation of a dynamic pan-delta metropolis that will further expand one of China's most powerful regions of national and global economic growth. It will link Hong Kong to Macau and Zhuhai by an immense trans-delta bridge; to Shenzhen, across the border in China, by the Shenzhen Western Express high-speed rail line; and beyond that to Guangzhou via a new Guangzhou-Shenzhen-Hong Kong Express Rail Link, taking passengers from Hong Kong to Guangzhou in 50 minutes, halving the current journey time.The new links will place all three economic powerhouses within 20 minutes reach of Hong Kong, affording the region tighter integration and seamless cross-border collaboration. Ongoing projects and development schemes in these cities include the Hengqin Development Zone in Zhuhai; the Qianhai Development Zone in Shenzhen; and the Nansha Development Zone in Guangzhou. But are these neighbouring destinations likely to take a slice from Hong Kong's pie? Cliff Wallace, managing director of HKCEC management fi rm Hong Kong Convention and Exhibition Centre Management, thinks not. ORGANISERS: HONG KONG HEAVYWEIGHTSDespite a strong presence from international organisers, two local outfi ts take the lion's share of events in Hong Kong. The resident organiser at HKCEC, as might be expected, is venue owner, the Hong Kong Trade Development Council (TDC). The company is responsible for the jewellery fairs produced early in the year, as well as the HK Book Fair, HK Gifts and Premium Fair and HK Fashion Week.The NASDAQ-listed Global Sources is the big local player at AsiaWorld-Expo, where it pitches itself as the primary facilitator of two-way trade with Greater China. The company staged 14 sourcing fairs in Hong Kong in October 2011, featuring 7,400 stands. Its electronics fairs were also the largest ever last year.To begin a company in Hong Kong you need one director, one Hong Kong dollar (minimum start-up capital) and one hour to register your company online. Getting set up on the mainland would take months."Galpin spends a lot of time identifying companies that should have a base in Hong Kong, and interestingly it's not just companies heading for China but companies heading for South East Asia that are showing interest. While Bangkok and Singapore present more obvious claims to the title of regional hub, he believes Hong Kong has the market and the prerequisite qualities of market infi ltration and accessibility.In addition, and contrary to other countries where the practice is more complicated, it is possible to extract the full stock of your company once the timing is right without penalty. Effectively here today, gone tomorrow if that's all part of your plan or - woe betide - the market spits you out. LeftPublic transport in Hong Kong is clean and effi cientBelowThe West Kowloon Cultural Development 41millionThe number of visitor arrivals to Hong Kong in 2011, an all-time high and 16.4% year-on-year increase

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