Hong Kong Deep Dive: Quantifying the Economic Impact of China and Hong Kong in Canada
Hong Kong Deep Dive: Quantifying the Economic Impact of China and Hong Kong in Canada
On January 18, 2022, the Canada China Business Council (CCBC) and the Hong Kong-Canada Business Association (HKCBA) held a webinar on the findings of the new Hong Kong-focused addendum to CCBC-CIUA’s October 2021 report, China’s Economic Impact on Canada. The October report included statistics on Hong Kong, but this Special Administrative Region of China has unique characteristics that warrant further analysis. Hong Kong is the second-largest destination worldwide for Canadian direct investment abroad, behind only the US, and it plays an important role as an export destination, an international financial hub, and a key part of the Greater Bay Area initiative. It is also a major contributor of Chinese investment into Canada.
Authored by the China Institute at the University of Alberta (CIUA) and commissioned by CCBC, Hong Kong-Canada Economic Ties provides a fact-based overview of Canada-Hong Kong trade, investment, and immigration relations while also discussing broader relevant trends and issues. Understanding the unique characteristics and contexts of the Canada-Hong Kong economic partnership is essential to developing strategies and policies that promote mutual prosperity. Despite political uncertainty and recent headwinds, economic and business opportunities between Canada and Hong Kong remain abundant and profitable.
The online event featured:
- Exclusive research findings from Jia WANG, Interim Director, The China Institute at the University of Alberta
- Real-world case studies from leaders active in Hong Kong: Karen Cvornyek, President, Asia, Principal, B+H Architects; Callan Anderson, CEO, The Hong Kong Corporate Services Group; and Stephen Wortley, Executive Partner, Co-Chair, China Practice Group, McMillan LLP
- Insights from business experts: Christopher Chen, Head of Investment Promotion – Canada, Invest Hong Kong (Canada); Sarah Kutulakos, Executive Director & COO, CCBC; and Emily Mo, Director, Hong Kong Economic and Trade Office (Toronto)
- An interactive Q&A with the entire roster of speakers, moderated by Cindy Ho, National Chair, HKCBA and Partner, DS Lawyers Canada LLP
Registration was free of charge for CCBC and HKCBA members; C$25+tax for non-members.
The link to the video presentation is available upon request. Please contact your regional Chapter Director to request access:
• Atlantic: Sarah Kutulakos
• Quebec: Philippe Jeanneau
• Ontario: Jeff Zhang
• Prairies: Philippe Jeanneau
• BC: Philippe Jeanneau
• Beijing: Noah Fraser
• Shanghai: Edward Dai
About the Speakers:
Callan Anderson
CEO
Hong Kong Corporate Services Group
BiographyCallan hails from the United Kingdom, having grown up in Edinburgh, Scotland, where he was involved in business consulting at the Edinburgh Chamber of Commerce. Callan has also been Chairman of several non-governmental charitable entities, as well as serving a period as General Manager of a United Nations infrastructure company during the Bosnian War 1992-1995. Callan is a business specialist with significant private and public-sector experience in strategic and business planning, human resource management and corporate services.
With over 25 years’ experience in management and consulting, Callan has been instrumental in assisting firms from Australia, Canada, UK and USA to develop a presence in Hong Kong and Mainland China. Since Callan’s first appointment in Asia since 1999, he has led many global firms in their expansion within the region, as well as taking up voluntary posts including Director of the Canadian Chamber of Commerce.
He is a Fellow of the following organisations; The Hong Kong Institute of Directors, the UK Institute of Directors and The Royal Society of the Arts and a Member of the Australian Institute of Company Directors. |
Christopher Chen
Head of Investment Promotion – Canada
Invest Hong Kong (Canada)
BiographyChristopher Chen is the head of the InvestHK presence for Canada, responsible for driving foreign direct investment from Canadian companies, organisations, and educational institutions to Hong Kong and Asia Pacific. Prior to InvestHK, he was a senior fintech professional, leading growth marketing and customer engagement initiatives for multinational insurance and asset management companies throughout Canada, Europe, and Asia. He has lived and worked in Hong Kong, Singapore, Japan, Taiwan, The Netherlands, and Scotland. He has a Master’s degree from the University of British Columbia with post-graduate fellowships at the National Taiwan Normal University and Yusof Ishak Institute/ISEAS.
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Karen Cvornyek
President, Asia, Principal
B+H Architects
BiographyKaren Cvornyek is a Partner at B+H and President of the firm’s operations in Asia, overseeing a team of over 200 architects, interior designers, landscape architects, urban planners and strategists across the firm’s studios in Shanghai, Shenzhen, Hong Kong, Singapore, and Ho Chi Minh City. Karen joined B+H as a Principal in 2002 and has led the firm’s practice in Asia since 2003, overseeing an unprecedented period of growth throughout the region. Karen has practiced architecture in Canada, England, Japan, Italy, Germany and the United Arab Emirates and has delivered projects of all scales and typologies across the Commercial, Mixed-Use, Residential, Retail, Hospitality, Education, Healthcare, Corporate Workplace and Transportation sectors.
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Cindy Ho
National Chair
Hong Kong-Canada Business Association (HKCBA)
Partner
DS Lawyers Canada LLP
BiographyCindy is the current National Chair of the Hong Kong-Canada Business Association (HKCBA), where she has been involved since 2015 and acted previously as National Vice-Chair, Secretary and Director.
Cindy is also a partner at DS Lawyers Canada LLP and specializes in business law and works in a wide range of fields, including corporate and commercial law, mergers and acquisitions, real estate, leasing, public and regulatory law. She assists corporations in their general business operations by negotiating and drafting agreements. Cindy has an outstanding record involving national and international transactions, with a particular emphasis on China related matters. She supports the firm in its larger files, namely in international trade and customs law, IP and franchise law. She leads numerous share, asset and real estate purchase and sale transactions. Cindy has also assisted many companies in their establishment abroad and accompanied many corporations in their expansion, including Chinese entrepreneurs in Canada as well as Canadian companies in China, and namely in the creation of WFOEs in China and JVs with a Chinese companies. Cindy has already been recognized and awarded with Corporate Lawyer of the Year by the Young Bar of Montreal at its 2019 Gala “Leaders of Tomorrow” and is recognized as a Corporate Rising Star 2021 by The Inside Network.
Giving back and volunteering are Cindy’s core values. She has volunteered and fundraised for Héma-Québec, the Montreal Children’s Hospital, the Montreal Chinese Hospital. She sits on an advisory committee board of the Future of the Chinatown of the City of Montreal and was involved in various committees for the Young Bar of Montreal between 2014 and 2016. She was President of the Young Chinese Professionals Association where she perpetuated their missions to unite, empower and propel young Asian professionals and entrepreneurs by continuing existing projects and created new programs (such as the first trade mission to China in May 2018), while maintaining partnerships and alliances. She organized and served for several years as President of the Orchid Ball organized by the YCPA, one of the most prestigious events of the Chinese community in Montreal which celebrates Asian Heritage Month. She was a panelist at the 2017 National Women in Business Conference and she organized, in collaboration with the young chambers of commerce of the Island of Montreal, a networking event to discuss key issues such as diversity, retention of talent, equality, etc. |
Sarah Kutulakos
Executive Director & COO
Canada China Business Council (CCBC)
BiographySarah joined the CCBC in 2007 and has since revitalized CCBC’s role as Canada’s premier bilateral trade and investment organization. Sarah has re-centered the Council’s activities around providing business services, catalyzing business growth and activity, and advocating for stronger Sino-Canadian bilateral trade and investment. This has resulted in extensive public outreach activities, internal infrastructure improvements, the launch of new programs such as the Business Incubation Centre, and thriving member relations.
Prior to joining CCBC, Sarah worked for 11 years in marketing, product development, and management with a major multinational corporation, where she had multiple assignments involving China. Sarah managed worldwide product businesses that marketed to China and used China-based sources of supply. She was also involved in several projects requiring cooperation with the Chinese government. Sarah has led both established and start-up businesses within the context of a global corporation and has broad emerging market business experience, and has been involved in the Greater China region since the late 1980’s when she lived and worked in Taiwan. There, she was the first non-Chinese employee of a local high-tech start-up firm, where she gained a deep understanding of Chinese business practices.
A fluent Mandarin speaker, Sarah’s interest in China began at the University of Wisconsin, where she studied Chinese, marketing, and international business. She holds an MBA in finance and operations from the Simon School of Business at the University of Rochester. She frequently speaks on China issues, including marketing, trade, investment, and Canada-China relations. |
Emily Mo
Director
Hong Kong Economic and Trade Office (Toronto)
BiographyEmily joined the Government of the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China in 2001 as a member of the Administrative Officer Grade. In December 2018, she took up the Director post in the Hong Kong Economic and Trade Office in Toronto, the mandate of which is to foster closer economic trade ties between Canada and Hong Kong, and also promote bilateral cultural relations and people-to-people ties. Before that she had worked in different offices of the HKSAR government.
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Jia WANG
Interim Director, The China Institute
University of Alberta
BiographyJia Wang is currently the Interim Director of the China Institute at the University of Alberta, where she manages research, programs, and government and media relations since 2011. Jia has over 15 years of direct management experience focusing on the economic and political dimensions of contemporary China and Canada-China relations in various capacities. At the China Institute, in addition to overseeing the operations, she leads policy research initiatives examining Canada’s diplomatic, trade, investment and energy linkages with China. Jia also provides strategic and policy advice on China to University senior leaders as well as executives at public and private sector organizations. She is a frequent media commentator, speaker and moderator at community, national and international events.
Before joining the China Institute, Jia worked as a television news reporter, anchor and producer covering major political, business and cultural affairs for OMNI TV network from 2008 to early 2011. She also served as a business consultant for Enbridge Pipelines Inc. and as a conference interpreter for various business, government and higher education institutions at executive-level meetings and major conferences.
Jia holds a Bachelor of Laws (first class honours) from Peking University and pursued doctoral studies at the University of Toronto. She has written columns for the largest Chinese newspaper and taught business communication and cultural etiquette in Canada.
Born and raised in Beijing and lived for nearly two decades in Canada, Jia is fully bilingual (Chinese and English) and bicultural. She serves on the Board of Directors for Edmonton Symphony Orchestra and Winspear Centre for Music and is an Advisory Board Member for the Canada China Forum. An avid animal and nature lover, she supports animal rescue and nature conservation efforts around the world and enjoys hiking in the Canadian Rockies every summer. |
Stephen Wortley
Executive Partner, Co-Chair, China Practice Group
McMillan LLP
BiographyAs Chair of McMillan’s Hong Kong Office and Chair of the China Practice Group, Stephen takes the lead in providing service to China-based clients seeking acquisitions, investments or financing in Canada. McMillan has a long history of advising on China in-bound and out-bound transactions across a variety of industries, particularly mining, energy, oil & gas, natural resources, transportation and investment banking. With a long track record in the Asia-Pacific region for over 20 years, and with one of the largest China-based client lists in Canada, McMillan offers an in-depth understanding of the Chinese marketplace. Stephen has been recognized for his work in M&A by Chambers Global and The Legal Media Group – Guide to Leading Practitioners: China.
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About the Event Host:
Jeff Zhang
Director, Ontario Chapter
Canada China Business Council (CCBC)
BiographyJeff has over 20 years of international experience in private, public and non-profit organizations in a variety of sectors including E-commerce, oil and gas, retail, commercial real estate, education and financial services. Prior to joining CCBC, Jeff worked in establishment and operation management at a Sino-Foreign joint venture company and in strategic partnership management at a Fortune 500 multinational company. He also led and assisted a number of Canadian companies and educational institutions into China where he was responsible for strategic partnerships and branding establishment.
Jeff has an MBA in marketing and international business from Concordia University in Montreal and is fluent in Mandarin and English. He has also been a guest speaker at professional business associations in China and Canada. |