In the August-September issue of ATI Magazine . . .

Where now for the Pearl River Delta? – A 2007 report published in Shenzhen and endorsed by China’s Ministry of Construction offers a vision that, by 2020, Shenzhen and Hong Kong will integrate into one mega-city, rivalling New York and Tokyo in terms of gross product. Shenzhen this month celebrates its 30th birthday as China’s first – and most successful – Special Economic Zone. It is now permanent home to 13 million people, with total exports equal to those of Australia.

We lead our cover report speaking with Hong Kong’s Victor Fung, who chairs the Greater Pearl River Business Council. Fung says Hong Kong is now embarking on the second phase of its integration with the PRD – a crucial phase, he says, that will take up to 15 years and see the PRD transform itself from being the world’s factory to a new role as service provider, helping China move up the value chain. Hong Kong and the PRD, he says, are integrating into a cohesive economic zone, but there will be no blurring of Hong Kong’s position as an autonomous region.

Between 70 per cent and 80 per cent of future development in the PRD will be left to the private sector, says Cheung Chi-Kong, Executive Director of the One Country Two Systems Institute. The Central Government’s role, he says, will be to avoid unnecessary duplication (of, for example, airports) and wastage of resources.

Meanwhile, new China wealth is driving a dramatic economic revival in Macau. Casino revenue could rise 200 per cent over the next four years. CLSA gaming analyst, Aaron Fischer, sees a number of stalled casino and hotel projects being restarted in the second half of this year. Fischer says China’s State Council wants tourism revenue to grow by 11 per cent annually, to outpace GDP until 2015. Macau, Hong Kong and Hainan Island are the chosen destinations.

Taiwan moves to secure ASEAN FTAs – Having signed off its trade pact with the Mainland, Taiwan is giving high priority to bi-lateral deals with its ASEAN trade partners, starting with Singapore.

Life sciences, biotech to lead Malaysia plan – Malaysia is chasing up to 40 billion ringgit in new public and private investment to push development of 12 new industry sectors.

ASEAN moots single regional stock market – An electronic gateway will access markets currently capitalised at US$1.36 trillion. But ASEAN is cautious on monetary union – it does not want a common currency or common listing board, says Ong Kong Yong, Singapore’s Ambassador-at-large.


China leads in port traffic - Shanghai is expected to displace Singapore as the world’s busiest container port this year, with Shenzhen in third spot, ahead of Hong Kong.

How Jetstar’s low-fare model works – Jetstar, the low-cost airline born out of Qantas, is targetting Shanghai, Beijing and Guangzhou as the next tranche of Chinese cities to be serviced out of its new Singapore hub. Expansion to Europe is also on the cards, says CEO, Bruce Buchanan


This issue of ATI Magazine is now available online for subscribers.

BUSINESS FILE

INDONESIA LAUNCHES US$5 BLN FOOD ESTATE PROJECT IN PAPUA
INDONESIA'S ANTAM TO INVEST US$600 MLN IN FERRONICKEL PROJECT
THAI BANKS WARNED OVER COMPLACENCY ON PROPERTY BUBBLE
MALAYSIA'S KHAZANAH SET TO BUY ASIAN HOSPITAL GIANT

CHINA'S CHERY AUTO JULY EXPORTS UP 200%
KYUSHU ELEC TO TAKE PART IN INDIAN BIOMASS POWER PLANT
CHINA CHONGQING STEEL TO FINALISE STAKE IN AUSTRALIA’S ASIA STEEL
AGL, MERIDEN TO BUILD LARGE WINDFARM IN AUSTRALIA

INDIA'S TATA MOTORS SWINGS TO Q1 NET PROFIT
THAILAND'S BANPU UPS STAKE IN AUST'S CENTENNIAL COAL
THREE FIRMS IN FINAL BID FOR MAJORITY STAKE IN SSANGYONG
INFLATION A RISK FOR CHINA IN SECOND HALF?

PETROVIETNAM GAS CORP PLANS SEPTEMBER IPO
SHANGHAI VW CONTINUES STRONG SALES IN JULY
HONDA MALAYSIA RECORDS HIGHEST MONTHLY SALES IN JULY
TAIWAN'S FOXCONN TO ASSEMBLE COMPUTERS FOR HP IN TURKEY

HITACHI TO FORM TWO JVS IN INDIAN POWER PLANT SYSTEMS
JAPAN'S INPEX SECURES OIL RIGHTS IN PERU
PETROVIETNAM, INDIA'S ONGC EYE BP'S VIETNAM OIL ASSETS
INDIA'S M&M GETS BOARD NOD FOR SSANGYONG BID

BANKING / FINANCE / INSURANCE

INDIA PROCESSING 18 FOREIGN BANK APPLICATIONS

INFORMATION TECHNOLOGY

AU OPTRONICS WAITING FOR NOD FOR US$3 BLN PLANT IN CHINA
TAIWAN CHIPMAKER TSMC SAYS JULY SALES BOOMED
TAIWAN CHIPMAKER UMC POSTS 4.7% ON-MONTH SALES RISE IN SALES
SAMSUNG ELECTRONICS LCD SALES TOP US$6 BLN IN Q2

BUSINESS TRAVEL

JAL DOMESTIC PASSENGER NUMBERS DOWN IN JUNE
ASIA-PACIFIC POSTS HIGHEST AIR PASSENGER TRAFFIC IN H1
THE PRIDE HOTELS TO OPEN 10 NEW PROPERTIES IN INDIA

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August 24-25, 2010
Bringing High Speed Rail to Australia– Sydney
A top-level delegation from Japan will join participants from France and Spain at a two-day conference in Sydney to examine issues and challenges that need to be addressed to make HSR a reality in Australia. Industry practitioners will outline funding mechanisms, technological requirements and delivery models required. Venue for HighSpeedRail World Australia 2010 is the Inter.Continental Hotel. Further information at http://www.terrapinn.com/2010/highspeedrail/

September 4-15, 2010
China Trade Delegation – Bejing, Shanghai, Yiwu
Sydney’s Parramatta City Council in partnership with The Asia Business Connection is inviting companies to join a China Trade Delegation exploring possible new markets in China. The Mission will visit the International Brands Festival in Beijing, the World Trade Expo in Shanghai and the Small Commodity Markets in Yiwu, and will meet with Chinese Government officials and Chinese business. Inquiries to Keren Levery at WSBC on (61 2) 9687-2788, email keren@wsbc.org.au

September 8-9, 2010
Trade, Commodities and Export Finance Asia 2010
This Euromoney conference at the Raffles Hotel, Singapore, examines trade flows within and with Asia. It will focus on transactional flows as well as structured solutions, while also taking into account many of the hybrid-type trade transactions within structured trade prevalent in Asian markets. www.euromoneyseminars.com/TCEAsia10

November 24, 2010
Kanagawa Investment Seminar – Sydney
The Governor of Kanagawa, Shigefumi Matsuzawa, will lead a delegation to Sydney on November 24 to present opportunities for Australian businesses, including the retail sector, in Kanagawa Prefecture. A seminar at the Radisson Plaza Hotel will discuss success cases of Australian companies entering the Japanese market and offer one-on-one meetings with delegates and government representatives.

For further information, contact Brendan Jinks at JETRO Sydney, tel (61 2) 9276-0100, email jinks@jetro.org.au

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