the canadian chamber of commerce in shanghai’s
NEWSLETTER January 2013
WWW.CANCHAM.ASIA
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The Canadian Chamber of Commerce in Shanghai is the leading organization supporting Canadian business and community interests in East China. It is the core of the Canadian business community and the Canadian community at large in East China. www.cancham.asia
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CONTENTS Chamber News Member News Member Spotlight New & Renewed Members Jobs Upcoming Events Access Program Discounts
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Chamber News
CanCham Members Meet Ambassador Saint-Jacques
Photo: Grant-Oh! Buchwald
On Friday, January 11, 2013 leaders of the Canadian business community met Ambassador Guy Saint-Jacques at a private recepOn January 14th 2013, Ontario tion co-hosted by the Canadian and CanCham Shanghai hosted a reception for the Premier of Ontario Consulate General and CanCham Shanghai. Dalton McGuinty and his delegation. The reception was part of the Ontario delegations’ mission to promote Ontario’s food and cleantech companies.
Premier of Ontario Dalton McGuinty Visits Shanghai on a Trade Mission
Sponsor: Manulife-Sinochem Annual General Meeting and Elections
The Annual General Meeting (AGM) and Board Elections will be held on the evening of March 12th 2013. Members are invited to elect a board of directors, review the Chamber’s 2012 activities and preview CanCham’s initiatives for 2013. The call for nominations will begin on February 19th 2013. All interested candidates may contact Carley for more information at carley.pulford@cancham.asia.
Photo: Jimmy Kim
Canadian Community Celebrates Christmas in Shanghai
CanCham Shanghai hosted yet another successful annual Christmas Party on December 8th 2012. The anticipated event attracted the Canadian Community, both adults and children to celebrate the start of the festive season.
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At the outdoor reception featuring a mini Christmas village designed by renowned Canadian architecture firm B+H, guests warmed up with Christmas specialties such as cider and eggnog.
place about how Western Canada’s energy boom is driving the country’s economy.
Guests were entertained all night by the skating rink, alongside great entertainment, raffle prizes, and dinner for all guests while a visit from Santa Claus made one feel like Christmas really had come early.
Photo: Jimmy Kim
What a perfect way to celebrate the Canuck Connection is Back Yuletide Season and to look back on with the Sugar Shack what a wonderful year it was. After a long and cold winter, nothing better than to unwind with For photos from the party visit a Sweet Sugar Party! CanCham www.cancham.asia kicked off the start of the new year with a Canuck Connection Sugar Special Thanks Shack Party on Sunday, January Skating Rink Sponsor : Petro-Canada 27th, 2013. Special thanks to Big and supported by the CTC Group Bamboo and to Canada Maple Airline Sponsor: Air Canada Garden for their support! Santa’s Workshop Sponsor: Ivanhoé Cambridge Christmas Village Sponsor: B+H Architects Tree Sponsor: CN Logistics Sponsor: Allied Pickfords Our Amazing In-Kind Sponsors Share your expertise and
INFORM
Share your expertise
knowledge through CanCham’s business network. If you would like to share your expertise with our business network contact Geneviève Pépin at
REDEV Presents “Invest in Canada: The Energy Effect”
CanCham Shanghai and REDEV Properties will be hosting ‘Investing in Canada: The Energy Effect.’ On Wednesday, January 30th, 2013, a panel discussion will take
events@cancham.asia 5
Golder Associates Ranks 4th Globally in Environmental Consulting
Member News
A new study regarding global environmental consulting ranked Golder Associates fourth in the world making it amongst the top firms in the field. The detailed study notes Golder Associates extensive and significant footholds within China.
Air Canada Plans to Boost Capacity on China Market
BMO Offers Tips On How To Avoid Hitting Your Personal Debt Ceiling
Starting June 1 2013, Air Canada will add seven weekly departures from Beijing to Toronto and Vancouver, bringing total number of Air Canada direct flights from China to Canada to 35 a week.
A Bank of Montreal (BMO) Household Debt Report report shows that whilst a quarter of Canadians are debt free, 41% have admitted to increased debt in the past five years. However, Nancy Marescotti, Director of BMO states that “debt doesn’t have to be a permanent fixture for Canadians”. BMO offers five important tips to help avoid rising personal debt.
CCTong Celebrates 10th Anniversary
On Jan 15, 2013, Shanghai CCTong Legal Consulting Co., Ltd celebrated its 10th anniversary. Since 2003, CCTong Legal Consulting has been providing ‘one-stop’ business registration and accounting services to foreign investment corporations and representative offices in China.
Bombardier Aerospace Secures Orders for Six Learjet 75 as well as for Three Q400 turboplanes Bombardier has announced that it received orders for 6 Learjet 75 business jets, securing a transaction worth approximately 81 million US dollars. More. Australia’s Qantas Airways has also
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ordered three Bombardier Q400 NextGen planes.
Simplifying CN’s operations and corporate structure within the United States, Elgin, Joliet and Eastern Railway Company (EJ&E) are to be merged into its Wisconsin Central Ltd by January 1, 2013. Jim Vena, CN senior vice-president, Southern Region, “expects that the merger will lead to operational efficiencies and service improvements”.
Ashurst Launches Asia-Pacific Employment Law Handbook
Asia-Pacific Employment Law: Employer’s Handbook prepared by the Ashurst employment group, with assistance from local counsel in various jurisdictions, to assist corporate personnel with regional responsibilities to gain this understanding and to discharge their cross-jurisdictional functions.
Carleton 2012 Study says Canadian Productivity Coming at a Cost A Canadian study by Carleton University’s Linda Duxbury and Christopher Higgins at Western University reports that while work demands have risen, flexible work arrangement are rare and career mobility is an issue.
Gap Expands Into Luxury Market by Acquiring Intermix
Clothing label Gap Inc. has ventured into the growing Luxury market with the purchase of women’s retailer Intermix Holdco Inc. The purchase was reported at 130 million US dollars as Gap aims to compete with rivals, Inditex SA’s, Zara.
HSBC : China’s Services Growth Slows A private survey illustrated that China’s service industry received its lowest growth in 16 years. HSBC’s Chief Economist Qu Hongbin remains confident as “a further pickup in manufacturing growth, suggests that China is on track for achieving
CN Completes Intra-Corporate merger of Elgin, Joliet and Eastern into Wisconsin Central Subsidiary
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around 8 percent GDP growth in the fourth quarter (of last year)”.
transmission pumps, Ixetic Verwaltungs GmbH. In other Magna news, 2013 is looking to be a good year for Magna as sales are expected to grow. Part of that growth will be attributed to the doubling of its sales in China.
North American Premiere Wine Shop Launches Designed by one of Canada’s largest Mojito Day Kasian: South Health Campus Receives Top Project Award
global architecture, interior design and planning firms, Kasian, The Calgary South Health Campus has taken home it’s second award in less than 18 months after receiving the Institutional (over 50 million) ‘2012 Project of the Year Award’, The campus also won the Canadian Construction Association’s ‘Excellence in Innovation Award’.
The North American Premiere Wine Shop will be hosting Mojito Day every Saturdays. The shop will be offering the first glass free as well as 20% off cocktails.
Ivey Shanghai Presents: CNY Dinner 2013 - Year of the Snake
King and Wood Mallesons Honoured with 10 Deals Awards
The Ivey Alumni Shanghai Chapter invites all alumni living in the East China Region to join them in Shanghai for the 7th annual Ivey Shanghai CNY Dinner.
China Business Law Journal honoured King & Wood Mallesons (PRC) with ten awards at its 2012 Deals of the Year report.
B. C. Alumni Gathering at the Magna Finalizes ixetic Acquisi- North American Premiere Wine tion, Expects to See Higher Shop Growth in 2013 On Friday, January 25th, 2013 the Leading Canadian manufacturer and supplier of automotive components, Magna has recently acquired German based manufacturer of automotive vacuum, engine and
British Columbia Trade Investment Office hosted a gathering for all alumni from British Columbia at the North America Premiere Wine Shop.
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the best of your company Showcase the best of your company by sending us your latest achievements and updates.
CBRE Report: Strong Correlation Between Currency Trend and Offshore Investment in Vancouver
Data from Canadian Real Estate Association and CBRE show that the inflow of Mainland Chinese investment in 2010 – 2012 June totaled CAN $3.3 billion. The level of capital inflows in 2012 indicates a downward trend compared to 2010 and 2011.
If you are interested in submitting any news about your company in our newsletter please contact Sarah at sara@cancham.asia
There also appears a strong relationship between the fluctuations of CNY currency and the changing of inflow levels. CBRE believes that the Chinese investors have been making investment decisions based on exchange rate trend.
Smithstreet Solutions CEO to Speak at the Wharton China Forum 2013
In February, Franklin Yao, CEO of Smithstreet Solutions will take part in a panel discussion on consumerism and private capital at the Wharton China Forum 2013.
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tion takes pre-construction architectural drawings and turns them into an interactive video game experience allowing potential buyers to remotely experience a property that Member Spotlight: has yet to be developed. Not only MGI Pacific’s Blueprint Effects do these applications allow for an brings real estate marketing to independent “walk through” of the a whole new level property, but other details such as feature and colour selection, actual Managing Direc- unit views, and information about tor of MGI Pacific Colin Bogar talks surrounding facilities and amenities are built into the application. about Blueprint Effects’ mission Where did the idea for Blueto bring leading 3D rendering and print Effects come from? 3D walkthrough Blueprint Effects was created in technology to the response to two problems. Firstly, real estate industry using applications finding a way to allow consumers deployed on all commonly available to walk through real estate virtually mobile devices without them being able to physically visit a certain location. Secondly, in the case of new build real estate, giving consumers and other end users a chance to interact with real estate products prior to it being constructed or finished. Our target Blueprint Effects is a real estate industry vertical is the overseas focused digital marketing firm real estate industry, however these specializing in the development of problem exist in other industries 3D walkthrough mobile applicaincluding tourism, education, and tions, 3D visualization renderings, event ticketing . and specialized mobile application development. The firm works with How does Blueprint Effects real estate developers around the plan to adapt to the many world with a focus on the sales and changes and challenges of marketing of new build residential China? real estate. It’s hard to verbalize the firm’s applications without seeing The team at Blueprint Effects has them, but very broadly the applicabeen operating in China for quite
Member Spotlight
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such as a lack of transparency, need for better client/agent collaboration, B2C marketing solutions, and the emergence of mobile platforms provides a number of areas where the industry will be forced to innovate. some time, so the challenges that exist in China are not a surprise to the company. Overall, selective localization in areas where it makes business sense would best describe the firm’s “China” strategy.
Any other thoughts on real estate marketing in China?
All the issues that exist in the real estate industry globally are only amplified in China. Because of the need for scale in China, many of these changes haven’t materialized as quickly as in other geographies. What opportunities do you see There are certain areas that would in making Real Estate Market- be considered low hanging fruit, but overall we think that across the ing more interactive? real estate spectrum, there will be Generally speaking, real estate numerous disruptive technologies makes up between 7-15% of every that will significantly alter the cureconomy in the world. With that being said, there has been such little rent industry paradigm. technological innovation in the sector that the opportunities are not For more information visit www.mgipacific.com or simply with regards to improving interactivity. Other industry factors www.blueprinteffects.com
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New & Renewed Members NEW COMPANY MEMBERS
www.orangefield.com
Linamar Automotive Systems (WUXI) Co., Ltd.
NEW INDIVIDUAL MEMBERS
Linamar Corporation is a worldclass designer and diversified manufacturer of precision metallic components and systems for the automotive industry, energy and mobile industrial markets. Building on the foundation of over 40 years of successful growth, we are a leading edge supplier of engine, transmission, driveline, modules & systems and mobile aerial work platforms. From machined components to sophisticated power-train modules and fully-realized mobile industrial products, Linamar is the Supplier of Choice, the Investment Opportunity of Choice and the Employer of Choice.
Dahong Li Rita Tam Dean Mehta Gregory Zhou
RENEWED COMPANY MEMBERS EHC Global
www.linamar.com
Orangefield Group
Whether in management, accounting, trust, estate planning, real estate or fund administration support, you want a partner who understands your needs and exceeds your expectations. Orangefield is that valued partner, with more than 40 years of experi-
ence in providing global and professional services to our diverse client base. With a team of highly motivated professionals around the globe anxious to familiarize themselves with the challenges they face, our specialized service teams are keen to create tailor-made solutions.
EHC Global manufactures components for escalators, moving walks and elevators. The company holds worldwide patents for escalator handrails, and advertising on escalator handrails. Products are manufactured in Canada, Germany, Slovakia and China. EHC has several licensees and distributors through the world.
www.ehc-global.com
Magna Automotive Technology and Service (Shanghai) Co., Ltd The most diversified automotive supplier in the world. The company designs, develops and manufactures automotive systems, assemblies, modules and components, and
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engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks in our three geographic segments - North America, Europe, and Rest of World (primarily Asia, South America and Africa).
www.magna.com
an eclectic selection of renowned restaurants at Four Seasons Hotel Shanghai.
www.fourseasons.com/shanghai/
RENEWED INDIVIDUAL MEMBERS Howard Du
Colliers International Property Alan McMillan Consultants (Shanghai) Co. Ltd. Colliers International is a leading CanCham’s Member direcglobal real estate services organiza- tory can be accessed at tion. Through its culture of service www.cancham. excellence and a shared sense of ini- asia/?url=MEMBERS/ tiative, the company had integrated the resources of real estate specialists worldwide to accelerate the success of our clients.
www.colliers.com/china
Le Royal Meridien Shanghai
Le Royal Méridien Shanghai is one of Shanghai’s tallest landmarks, and its location at the centre of Shanghai on the historic Nanjing Road East, opposite the People’s Square and overlooking the Shanghai Museum and Shanghai Grand Theatre, puts guests at the heart of one of the world’s most exciting cities
www.starwoodhotels.com/lemeridien/property/overview/index. html?propertyID=1945 Four Seasons Hotel Shanghai
CONNECT
to the right contacts CanCham Shanghai Members are entitled to business referrals and introductions. If you would like to connect to any of the members mentioned in the newsletter please contact Rebecca at rebecca@cancham.asia
East meets west with 37 stories of contemporary luxury guest rooms, palatial Chinese spa facilities and
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Jobs
Upcoming Events
American CPA at Capital Tax & Accounting Services Ltd.
Monday, February 4, 2013 Lessons from the Front Lines with James McGregor
Project Developer / Senior Project Developer at SXL Group
CanCham Shanghai presents James McGregor, Senior Counselor for APCO Worldwide in China and author of the bestselling book One Billion Customers: Lessons from the Front Lines of Doing Business in China and No Ancient Wisdom, No Followers: The Challenges of Chinese Authoritarian Capitalism. James will share his insights on the challenges and rewards of doing business in China.
Internship/Entry Level Position at Epermarket Yingpan Industrial Co., Ltd. Office Manager at Shanghai East International Medical Center Marketing Representative at Shanghai East International Medical Center
Project Manager at Red Gate International Inc. Wednesday, February 27, 2013
Inter-Chamber Ladies Networking Night
For more jobs visit www.cancham. asia/?url=JOBS/
Meet like-minded women from a variety of backgrounds.
Tuesday, March 12, 2013 Annual General Meeting
CONNECT
to the best candidates CanCham members are entitled to 3 free job listings on www.careerengine.org/cancham
Members are invited to elect a board of directors, review the Chamber’s 2012 activities and preview CanCham’s initiatives for 2013. The call for nominations will begin on February 19th 2013. All interested candidates may contact Carley for more information at carley.pulford@ cancham.asia.
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subscription (Mainland China only).
The Access Program
HIRE
3 free monthly Standard job credits on CanCham’s jobsite on CareerEngine. Visit job.cancham.asia CanCham’s Member to Member Discounts and simply click “Employers” The Access program gives you access to fantastic to get your company discounts from member restaurants, hotels and service account set up.
providers. Take advantage of these special offers only exclusive to you by presenting your CanCham card.
EAT
SMILE
DRINK 1 free Moosehead beer every Wednesday at any one of the Big Bamboo
Sports Bars. 1 free Margarita every time you enjoy the 20% off at all Le Royal Meridien Shanghai’s restau- greatest Mexican rants and bars (service charge food in Shanghai at excluded). Pistolera’s. 30 % off lunch and dinner EEDC offers 750 ml of Russian with free flow of select juices Standard every Thursday at The Original Vodka for 80 RMB. Westin Bund Center. Valid carley.pulford@cancham.asia at The Stage, Prego & EEST to order. For orders of 12 restaurants. bottles or more, contact Tommy at 25 % discount at the Four Seasons Hotel Shanghai’s twong@eedcchina.com. Steak House and Cafe Studio LEARN Restaurant. 10% off all courses at the Mandarin House as well as MOVE Complimentary Chinese level assessment & trial Rent any-sized car from Lanlesson, Free course zun Car Rental for 2 days, Registration (save 500RMB) receive the 3rd day free (Value up to 580 RMB) Free copy of the Hurun Report’s Best of Canadian Education 2012 and 30% off annual
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1 Free teeth cleaning at Smile Dental. Book your appointment in advance and identify yourself as a CanCham member.
ENJOY THE SHOW 1 free ticket to the Shanghai Acrobatic Show at the Shanghai Centre Theatre. Must pick up voucher from the CanCham office. Call 60758797 to check for availability. Available while supplies last.
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your company’s products
Join the Access Program rebecca@cancham.asia
The Canadian Chamber of Commerce in Shanghai 172 Yuyuan Road, Shanghai Tel: +86 21 6075 8797 Email: info@cancham.asia
WWW.CANCHAM.ASIA