Here is what some Canadian Companies have to say about doing business in Hong Kong:
University of Waterloo – After little more than half a century since its founding, the University of Waterloo, at the heart of Canada's technology hub, has earned a solid reputation as a leading comprehensive university. For 21 consecutive years, Maclean’s magazine has ranked the University of Waterloo as Canada’s most innovative place of learning. Among many distinctions, this eminent university has the world’s largest quantum computing institute and Canada’s only English-language school of optometry. Its huge co-operative education program means that employers actively pursue Waterloo students.
“Hong Kong, Asia's World City and a leading business center that helps to drive the world economy, has become the site for the University of Waterloo's first overseas regional office. That Hong Kong office has a major part to play in uWaterloo's continued global success through which the university will help build a better future for its students and the world by forging innovation and collaboration into solutions for today and tomorrow.”
~ Eva Cairns, Director, University of Waterloo, Hong Kong Office
Sun Life Financial – Sun Life Financial is a leading international financial services group. The Canadian company offers a range of life and health insurance products and services, savings, investment management, retirement, and pension products and services to both individual and corporate customers. The company has offices throughout North America, Europe, Latin America, the Caribbean and Asia, with their Asia Pacific regional headquarters located in Hong Kong.
“Sun Life Financial has been visionary in grasping the emerging opportunities in Asia. The visions of our early founders were great to look at Asia as a growth engine for the future more than a hundred years ago.
Sun Life Financial has commenced operations in Hong Kong since 1892 and the Philippines around the same period of time. We also have operations in India, China and Indonesia. We believe that Asia, and particularly Hong Kong, is crucial to the success of any global operations in the future.
Hong Kong’s strategic location and continuing business-friendly attitudes and dynamism have helped make it a key location both for our diverse operating business in Hong Kong’s own market, and for our regional headquarters.”
~ Stephan Rajotte, President of Sun Life Financial Asia
Manulife Financial – Manulife Financial is a Canadian leading financial services group serving millions of customers in 19 countries and territories, with its Asian regional headquarters in Hong Kong . In 2007 and 2008 Manulife was named ‘Best Company in Financial Planning Excellence’ in insurance sector in Hong Kong by SCMP. Manulife is listed on the Hong Kong stock exchange.
“Hong Kong is the only truly international city in Asia and one of the greatest business centres of the world. It has a peerless infrastructure and has a uniquely business-friendly environment. Hong Kong is for these reasons the first choice to locate a regional office for multinationals.”
~Robert Cook, Senior Executive Vice President and General Manager, Asia Manulife (international) Limited
Lululemon Athletica – Canadian lululemon athletica is a yoga-inspired athletic apparel company. The company has been continuously setting the standard in technical fabrics and functional designs. Lululemon operates over 100 stores throughout Canada, US, Australia and Hong Kong..
“We are excited to elevate the way Hong Kong people live. We want to enable Hong Kongers and expatriates alike to let go of stress and embrace breathing deeply – not always the easiest task in our fast-paced, do-it-now, cosmopolitan city,
lululemon’s yoga-inspired athletic apparel is perfect for the region’s yoga, fitness and dance enthusiasts with its unique fabrics, multi-purpose function and amazing fit.”
~ Victor Chan, Showroom Manager, Lululemon Athletica
Delcan – Delcan is a major Canadian consulting and project development company. It specializes in infrastructure projects such as transportation systems, communications, highways, municipal roads and transit, water supply and sewerage treatment, manufacturing facilities and commercial and residential developments. The company has offices in Canada, US, Hong Kong, Taiwan, Venezuela, Barbados, El Salvador, Israel, Greece and locations in Africa.
“After fifteen years of operation, we have found Hong Kong to be a really free market. It is easy to do business there. It has excellent financial, telecom and business infrastructure. Businesses are very professional about dealing with contract. It is also a strategic location for doing business in the region, particularly for the China market, considering the number of companies there with experience doing business in China.”
~ Joseph Lam, Executive Vice President
Western University – The Richard Ivey School of Business has a long standing reputation as one of the best business schools in Canada. The Wall Street Journal has ranked Ivey the number one business school outside of the U.S.
“We see Hong Kong as an exciting place, because of the international nature of the city with all the global business activities. It is a wide open market, easy to operate, but it is also tremendously competitive. It is an affluent market that values quality products and services.”
~ Larry Wynant, Associate Dean, Asia and Executive Director of the
Cheng Yu Tung Management Institute
Methanex – Canadian Methanex Corporation, is the world’s largest producer and marketer of methanol, with a global network of methanol plants and marketing divisions.
“We looked at a shortlist of different cities in Asia Pacific and Hong Kong came out on top when we evaluated each location against our criteria.
The relocation has gone very well. We are enjoying the benefits of being able to coordinate things better and work more closely with our clients.
Hong Kong is a strategic location for Methanex and we are pleased that the cost differential is not as high as we thought. In Hong Kong there is great transparency; there are no hidden costs or surprises.”
~Mike Herz, Managing Director of Methanex Asia Pacific Ltd.
Research In Motion (RIM)– Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. RIM’s portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM).
“Hong Kong not only boasts a superb business network, legal system, advanced ICT infrastructure, and a highly skilled labor force, it is also the gateway to mainland China, which offers significant opportunity for growth. For all these reasons, Hong Kong is an ideal location for RIM’s regional headquarters.”
~ Norm Lo, Vice President of Asia Pacific, Research In Motion
Landes Canada Inc. – Founded over 30 years ago and based in Quebec, Landes is a leading leather label manufacturer, serving most leading denim brands in North America.
Mr. Udo Scherff, CEO of Landes Hong Kong Ltd. explained, “Seeing the rapid growth of denim apparel manufacturing in China and throughout Asia, Landes saw the need to establish its presence in a strategic location in the region. Since Hong Kong is a hub for the apparel industry in Asia, it is the logical place to build our regional base. With the new office and manufacturing facilities in Hong Kong, we will be able to provide more efficient and timely service to our clients in the denim industry which manufacture in Asia.”
~ Mr. Udo Scherff, CEO of Landes Hong Kong Ltd
New York Fries – Canadian fast food franchise company that mainly serves French fries and hot dogs. The company has franchise locations throughout Canada, South Korea, United Arab Emirates, Bahrain, and Hong Kong.
“Canadian products mean a sense of quality to people in Hong Kong.”
~Ricky Taksau, Partner, New York Fries Franchise
Luv2Pak – The company designs, manufactures and distributes custom made packaging for large retail chains and brands. Its core business is retail including paper, plastic bags and boxes, metal tins and garment bags.
“As a creative industry, Hong Kong’s entrepreneurial spirit and innovative labour force were particularly attractive to us. Factor in Hong Kong’s strength in other business critical areas – logistics, infrastructure communications, finance, technology, along with its international lifestyle, Hong Kong was a perfect fit, hands down.”
~ Dagmar Hartley, Managing Director, Luv2Pak
Northern Digital – Northern Digital develops, manufactures and sells advanced measurement systems for applications, ranging from image-guided surgery for orthopedics and neurosurgery, to industrial use in quality inspection and reverse engineering.
“Hong Kong provides an ideal platform to market our products throughout the region, especially to China. Having a local presence in Hong Kong is critical for developing the partnership we offer our customers by working closely with them to adapt our core measurements technology to their specific needs.”
~Steve Currie, Director of Sales and Marketing, Northern Digital