ITALIAN CHAMBER OF COMMERCE IN HONG KONG AND MACAO
Dear Members and Friends,
I am delighted to introduce the June 2024 issue of our ItalianCham E-Magazine This edition delves into two interesting topics: "Logistics and Supply Chain - Navigating the Global Supply Chain Landscape" and "Exploring the Future of Consumers: Adapting to a Dynamic Business Landscape"
The importance of effective logistics and supply chain management cannot be overstated in the ever-evolving global economic landscape As businesses navigate the complexities of international trade, efficiently moving goods and materials across borders has become a critical competitive advantage
The past year has presented unprecedented challenges for global supply chains, from the ongoing COVID-19 pandemic to geopolitical tensions and natural disasters Lockdowns, travel restrictions, and disruptions to manufacturing hubs have led to shortages, delays, and skyrocketing shipping costs Companies have been forced to reevaluate their supply chain strategies, seeking to improve resilience and adaptability
Sustainability has become a central focus as companies aim to minimise the environmental impact of their logistics operations. Strategies such as optimising transportation routes, embracing renewable energy sources, and implementing circular economy principles are becoming increasingly common.
Our cover story provides insights into the vital role of sustainable practices in logistics to reduce global greenhouse gas emissions. It explores the transformative impact of AI, IoT, and blockchain on logistics in Asia and addresses the unique challenges of implementing sustainable logistics for luxury goods.
The business landscape is shifting rapidly, driven by evolving consumer behaviours and preferences. As we look to the future, understanding these changes and adapting our strategies will be crucial for the continued success of businesses.
The increasing diversity of the consumer base demands a nuanced approach. Catering to the unique needs and preferences of different demographics, from Gen Z to silver consumers, will require a granular understanding of their behaviours and motivations.
In the Business Focus section, our featured articles explore the rapid expansion of the Asian middle class, its impact on financial services, and the growing demand for digital and personalised financial products. Additionally, we provide essential insights for ForeignInvested Enterprises on the recent amendments to China's Company Law.
Thank you for your continued interest, support, and valuable contributions to the ItalianCham E-Magazine
Enjoy your reading!
Best regards,
Davide De Rosa
CHAMBER’S PATRONS
A Groundbreaking Venture in Logistics
The ItalianCham Issue No. 22 delves into the heart of the logistics industry, perfectly timed with the highly anticipated Spediporto mission This initiative marked a groundbreaking venture for Italian logistics companies to explore the vast potential of the Greater Bay Area (GBA). In partnership with Deloitte, from May 27th to May 31st, a distinguished delegation of entrepreneurs, institutional representatives, and experts from Genoa and the Liguria region embarked on an intensive five-day journey to Hong Kong, Shenzhen, and Guangzhou.
Exploring New Horizons
The mission targeted various stakeholders including the Municipality of Genoa, the Genoa Airport Authority, the Consorzio Ligure GOAS, Spediporto, and numerous companies in the logistics sector. Through tailored meetings, the delegation engaged with local counterparts, laying the groundwork for future collaborations Participants had the opportunity to connect with both Italian and local institutions, as well as airport and port authorities This interaction was crucial for establishing preliminary contacts and reinforcing existing relationships, particularly with the city of Guangzhou. The mission also supported local participants in meeting companies active in the logistics, digital, and aviation sectors, with the aim of developing the cargo area of the Genoa Airport and establishing mutually beneficial B2B relationships
Day 1 - May 27th: A Warm Welcome in Hong Kong
The mission kicked off in Hong Kong with a warm welcome from H.E. Mr. Algernon Yau, JP Secretary for Commerce and Economic Development, and Mr Carmelo Ficarra, the Italian Consul General in Hong Kong and Macao. The delegation also had the privilege of meeting H.E. Mr. Christopher Hui, Secretary for Financial Services and the Treasury. The day concluded with a delightful dinner at the China Club, hosted by the Consulate General of Italy in Hong Kong and Macao, setting a positive tone for the rest of the mission
Day 2 - May 28th: Strengthening Ties in Shenzhen
As the delegation delved deeper int and Logistics Bureau in Shenzhen. counterparts The delegation then s
Day 3 - May 29th: Building Bridges in Guangzhou
In Guangzhou, the delegation visited the Guangzhou-Nansha Port Authority and met Mr Lyu Wei, Deputy Director of the Nansha Port. This visit underscored the importance of the Genoa-Nansha relationship as a gateway to Europe. An institutional lunch with Mr. Valerio De Parolis, the Italian Consul General in Canton, further solidified these ties. The delegation continued their engagements with another round of B2B sessions at the Guangzhou International Cooperation Center, fostering deeper connections with local businesses.
Day 4 - May 30th: Discovering Innovations in Logistics
Returning to Hong Kong, the delegation explored logistics in the Greater Bay Area through insightful talks by Mr Fabio Brassesco and Mr. Stefano Pieriboni of Interglobo Far East. An engaging presentation from Riccardo Fuochi of One Logistics Group followed. The delegation then engaged in a series of B2B meetings with local Hong Kong counterparts, discovering new opportunities for collaboration. Their visit to the Hong Kong Center for Logistics Robotics and the Hong Kong Science Park provided a glimpse into the future of logistics technologies, showcasing cutting-edge innovations.
Day 5 - May 31st: Concluding on a High Note
The mission concluded on a high note with a visit to Modern Terminals, the second-largest container terminal in Hong Kong. The Spediporto Mission was a resounding success, opening numerous avenues for collaboration and innovation in the logistics sector
Acknowledgements
The Spediporto Mission was a resounding success, opening numerous avenues for collaboration and innovation in the logistics sector.
A special thank you goes to Spediporto, Goas Società Consortile, CasascoNardi, EXPRESS TRAILERS SRL, and GRUPPO YEC. A heartfelt gratitude goes to the China-Italy Chamber of Commerce (CICC) and the Deloitte team for their collective efforts Additionally, we thank Cathay Pacific for their assistance and the Italian Consulate General in Hong Kong and Guangzhou for their invaluable support. Their collective leadership and dedication turned this mission into a fruitful and memorable experience, setting the stage for future growth and success in the logistics industry.
CELEBRATIONS INSTYLE
Italian Republic Day Celebrations in Hong Kong
On June 2, 2024, Italians worldwide celebrated the Festa della Repubblica, commemorating the historic 1946 referendum that established the Republic of Italy This significant day was marked with festivities and a vibrant spirit of patriotism. The Italian Chamber of Commerce in Hong Kong and Macao organised two exceptional events to honour this special occasion.
A Night of Luxury and Celebration
The celebrations commenced on May 31, 2024, with an exclusive party held at the Lamborghini Hong Kong showroom The event was organised in collaboration with Lamborghini Hong Kong, Ferragamo, and Generali
The evening was a blend of elegance, luxury, and Italian culture, featuring a live DJ set that kept the atmosphere lively and engaging. Guests indulged in a variety of exquisite delicacies provided by giandogroup, and refreshing cocktails from Campari Group Participants also had the opportunity to view Ferragamo's latest collection, adding a touch of high fashion to the event
Embracing Italian Elegance
The festivities continued on June 1, 2024, with a happy hour at Sophia Loren Hong Kong This event celebrated Italy's timeless charm and cultural heritage, providing guests with an immersive Italian experience During the evening, attendees enjoyed a special selection of Italian canapés and refreshing drinks, perfectly capturing the essence of Italian cuisine The event offered a unique opportunity for guests to connect with members of the Italian Chamber of Commerce and engage with the lively Italian community in Hong Kong
Celebration of Italian Excellence and Culture
On June 5th, The Consulate General of Italy in Hong Kong and Macau celebrated the National Day with a concert performed by the ‘Women Orchestra’, conducted by Director Alessandra Pipitone, together with Maria Francesca Mazzara, a renowned Italian Soprano, with an audience of more than 700 Italian nationals and friends of Italy from the local community. The evening was graced by the presence of the Italian Ambassador to China, Mr. Massimo Ambrosetti, and Mr. Paul Chan, Financial Secretary of Hong Kong.
“On the day that marks the celebration of the referendum in which Italian women voted for the first time in the history of Italy, Women Orchestra’s concert not only made it an occasion to enhance the Italian artistic and musical heritage but also to promote, through culture, important issues such as equal opportunities, mutual respect and equality,” said Consul General Carmelo Ficarra during his speech
Noting that Hong Kong and Macau are home to the second largest Italian community in China and a large number of businesses operating in various sectors, Consul General Ficarra emphasised that bilateral relations between Italy and Hong Kong are solid and continue to develop rapidly, in tune with the many opportunities offered by the local market thanks also to the unique role of Hong Kong and Macau in the Greater Bay Area.
The Consul General also recalled the numerous commercial and cultural activities carried out in the current year in collaboration with local authorities and organisations representing Sistema Italia in Hong Kong, as well as the planned important collaborations, particularly in the field of fashion and design
PROSECCO DOC
TheItalianSparklingArtofLiving
Celebrating Prosecco Week in China 2024
From May 29th to June 9th, 2024, the Prosecco DOC Consortium embarked on a vibrant tour across Macau, Hong Kong, Xiamen, Beijing, and Shanghai, presenting the much-anticipated Prosecco Week This sparkling celebration was a tribute to the Italian sparkling wine culture, designed to bring the essence of Italian lifestyle to Asia. The Prosecco DOC Consortium, in collaboration with the Italian Chamber of Commerce in Hong Kong and Macao, hosted a series of captivating events to engage with KoLs, media and business representatives, F&B aficionados and wine enthusiasts, celebrating the renowned Prosecco DOC
The Spirit of Prosecco Week
Prosecco Week is a celebration aimed at expanding the awareness and appreciation of Prosecco DOC through a diverse array of initiatives in some of China's most notable cities and Southern Asia The festivities included promotional activities for HoReCa operators, partnerships with local and Italian institutions, targeted media relations, and engaging events such as masterclasses, networking events, mixology demonstrations, wine festivals, and live streaming programs featuring strategic influencers
PROSECCO DOC - The Italian Sparkling Art of Living at La Terrazza Italian Restaurant, Macau
On June 3rd, 2024, Prosecco DOC enthusiasts gathered at La Terrazza Italian Restaurant in Macau for an evening of elegant celebration The event kicked off with a mixology class led by a sommelier, offering guests the chance to create iconic cocktails like the Aperol Spritz, Rosè Spritz, and Mimosa, highlighting the versatility of Prosecco The evening continued with the enchanting melodies of a jazz duo, setting the perfect backdrop for tasting distinguished wines from renowned wineries such as De Stefani, La Marca, Ponte 1948, and Val D’Oca This event not only celebrated Italian heritage but also underscored the potential for future collaborations, emphasising a commitment to promoting the unique legacy of Prosecco DOC
PROSECCO DOC - The Italian Sparkling Art of Living at House Studio, Soho House Hong Kong
The following day, June 4th, 2024, another Prosecco DOC Cocktail Networking Event took place at House Studio, Soho House Hong Kong This gathering featured a chic atmosphere with live DJ music, where guests indulged in Italian canapés and explored exquisite Prosecco varieties from the same renowned wineries An expert sommelier guided attendees through the unique characteristics of each wine, creating a dynamic atmosphere that showcased the allure of Italian sparkling wine culture
Prosecco DOC, known for its brilliant straw-yellow or pale pink hue and fine, persistent perlage, is a sparkling wine that originates exclusively from the North-East of Italy, particularly from the Veneto and Friuli Venezia Giulia regions This wine is made from Glera grapes, an autochthonous variety characterised by moderate sugar content, marked acidity, and delicate notes, ideal for the sparkling process The resulting wine offers a fresh and
r further collaboration between the ecco DOC Consortium, and regional ure and lifestyle demonstrated the on the success of these events, we alented individuals who contributed a remarkable celebration of Italian
Understanding Prosecco DOC
Modern, practical and stylish
How would you describe your company in 3 words and why?
Modern, practical and stylish.
IZSEL was founded by women, for women. We are proud of what we’ve achieved in such a short period of time and are so excited about the future.
At IZSEL, we’ve taken a necessary product and made it more versatile, comfortable and lightweight, giving it a contemporary look and adding some shine to make it more fashionable. Our long-lasting, Italianmade rain boots are an essential item for the everyday wardrobe – nobody wants wet feet!
What do you love most about your industry?
The people. There are so many different facets to this business and the fascinating people that we’ve met along the way have been remarkable. Numerous bold, compelling and unassuming stories have been shared during networking events and many of these like-minded people have now become wonderful friends.
Tell us about a successful project that Izsel runs.
In February 2024 IZSEL was given a prestigious opportunity to launch and showcase our rain boots at the MICAM Trade Show in Milan. It was an incredible experience and one where we could display our products on a world stage, liaise and collaborate with other brands, as well as potential stockists and meet a huge realm of people related to the industry. We built relationships that we treasure and plan to return in 2025.
DRIVING SUSTAINABLE SUPPLY CHAIN PRACTICES IN ASIA FORWARD
JAS Worldwide is the enabler to reduce the environmental impact of transport emissions in the era of global trade
Did you know that transport emissions, the greenhouse gasses (GHGs) released from vehicles, ships, planes, trains, and other modes of transport, account for up to 20% of global GHG emissions? The emissions could surge by 60% by 2050 if no action is taken The logistics sector, including shipping, warehousing, and distribution, is one of the top four global emissions sources, alongside electricity generation, industrial production, and agriculture Achieving zero GHG emissions in freight transport alone could reduce global emissions by around 11%. As Asia continues to experience a trade boom and growing transport demand, JAS Worldwide is committed to implementing sustainable practices in the logistics industry, across transport modes.
Asia, driven by population growth, urbanization, and economic development, continues to expand in global trade. This growth necessitates transporting more goods over longer distances, increasing energy use and GHG emissions The World Bank highlights that Asia accounts for approximately 40% of global transport emissions, a share likely to rise in the future due to the region's economic growth Reducing the environmental impact of supply chains and global logistics operations is necessary to enable sustainable growth and achieve ambitious climate targets.
As a global logistics service provider - JAS Worldwide and shippers can take significant steps to lower emissions and improve sustainability performance. For carriers, such as airlines and shipping companies, measures include investing in fuel-efficient vehicles and vessels and utilizing alternative fuels such as maritime biofuels or SAF or renewable energy sources. Together with customers JAS analyzes the emission footprint and reduction potentials to optimize their transport choices towards emission reduction, time, and cost optimization.
An effective measurement is the modal shift from air freight to sea freight, which can reduce emissions by up to 98%, depending on the transport distance and type of goods Air freight is the most carbon-intensive mode, emitting about 500 grams of CO per ton-kilometer, compared to about 10 grams for sea freight However, air freight is crucial for fast and reliable delivery of goods, especially for perishables, high-value, or urgent shipments JAS consults customers to keep a balance in speed, cost, and environmental impact when choosing transport modes
Optimizing route planning is another crucial measure Direct flights, for example, save time, money, and emissions compared to indirect flights For passenger travel a direct flight from Hong Kong to Milan emits about 1 9 tons of CO per passenger, while an indirect flight via Dubai emits about 2 1 tons assuming the use of a Boeing 787 economy class The logistics service providers help shippers assess their Scope 3 emissions, which are indirect emissions from external sources, and identify hotspots and improvement areas.
Collaborating for a Greener Future
Customers can further lower emissions by collaborating with the logistics service providers to choose low-carbon transport options and routes, consolidate cargo, and utilize carbon insetting and offsetting programs Partnering with the logistics providers allows customers to leverage their expertise, technology, and networks to achieve sustainability goals more effectively and efficiently
Andrea Goeman, Senior Vice President QHSE & Sustainability, JAS Worldwide said,
“At JAS Worldwide, we believe that sustainability goes beyond just reducing emissions in our own Operations and Supply Chain. We are committed to creating shared value for our stakeholders, including our employees, customers, and the communities in which we operate. Through the initiatives of Green Solutions and Pay it Forward, JAS corporate volunteering Programs, our organization is committed to creating a more sustainable future in the logistics ecosystem."
LOGISTICS AND SUPPLY CHAIN
Navigating the Global Supply Chain Landscape
How are emerging technologies like AI, IoT, and blockchain transforming the logistic landscape in Asia? What are the latest automationandroboticsdevelopmentsand how are they improving efficiency in Asian warehousesanddistributioncentres?
To embrace technology strategically is essential As a matter of fact, innovative practices will redefine end-to-end traceability and will create more efficient, transparent and resilient logistics for a more responsivesupplychainecosystem
The integration of robotics, artificial intelligence and machine learning in warehouse operations enhances efficiency and flexibility, reduce error, lowers operational cost changing the inventory management and order fulfilment processes.
How are companies in Asia implementing sustainable practices to reduce their environmental footprint? And what are the challenges and successes in achieving greener logistics in densely populated urbanareasinAsiancountries?
In order to reduce their environmental footprint, companies locate fulfilment centres in strategic areas, prefer facilities with rooftops equipped with solar panel technology,aimedatoffsettingthebuilding’s power needs, and rainwater harvesting to reducewateruse
To meet our customers’ demand for sustainabilityinourfacilities,wepromotethe use of electric forklifts, eco-friendly packaging, reuse, recycling cartons, and led lightingsystemssystems
How has the surge in e-commerce influenced logistics strategies in Asian markets? And what are the innovative solutions being adopted to manage lastmile deliveries, particularly in sprawling urbancentres?
E-commerce In Asia Pacific thanks to emerging markets reaching maturity is still growing Partnering with a reliable Crowdsourced delivery network to manage lastmiles delivery and Smart lockers (indoor or outdoor),cancontributetogreenerlogistics
FERRARI GROUP IN ASIA: promoting sustainability within the Luxury industry
In the dynamic realm of global commerce, sustainability has become a paramount concern, all the more so whenever luxury goods are involved, posing new challenges to the high-end services industry Ferrari Group is the one-stop service provider specialising in technology-integrated warehousing and high value-added services for luxury goods, offered through an extraordinary global network with worldwide operations Inspired by their guiding principle of “Delivering, Solving, Evolving”, the company embraces evolution, continually exploring new horizons and fostering innovation, all while staying attuned to customer needs, driving change from a customer-centric perspective.
“Together with Ferrari Group, we explore the innovative strategies and challenges they face as they strive to promote sustainability within their activities across the APAC region”.
Mr Filippo Melchionni, the Managing Director for Hong Kong and COO of APAC & Oceania introduces us to the company’s commitment to ESG strategies:
“Ferrari Group is deeply committed to its longstanding mission of responsibly and resourcefully connecting the luxury world. With dedication, we continuously seek new solutions to address the environmental challenges inherent in our industry. Our approach revolves around transforming challenges into opportunities and strengths, a philosophy ingrained in our operations. Ferrari Group’s Sustainability department supports our operations and ensures that sustainability is integrated into our decisionmaking processes, allowing the Group to thrive in its sustainable value creation journey.”
Mr Filippo Melchionni, Managing Director for Hong KongandCOOofAPAC&Oceania,FerrariGroup
Greening
Asia’s High-End Logistics
and Delivery Services: A Shift in Paradigm
Over the past few years, Ferrari Group has crafted an Environmental, Social, and Governance Approach, propelling our journey towards sustainable value creation In today's world, the transport sector accounts for approximately one-quarter of greenhouse gas emissions, underscoring the urgency for action Mr Melchionni explains: “We actively engage in initiatives aimed at reducing our environmental footprint, collaborating closely with transport innovators to pioneer new solutions In densely populated urban areas across Asia, the pursuit of greener logistics in high-end services presents unique challenges and opportunities. The intricate web of infrastructure, coupled with congested roadways and limited space, demands innovative solutions to minimise environmental impact. Notably, our deployment of 30 electric vehicles throughout Asia marks a significant step towards minimising our environmental impact. Moreover, we advocate for an integrated decision-making process that considers various factors, such as route differentiation and means of transport, fostering a more sustainable and conscientious approach to value creation. While we are committed to expanding our electric drive fleet, we recognize that challenges persist: greenhouse gas emissions associated with electricity remain significant, and electric vehicles face limitations due to battery capacity constraints and range limitations. These limitations become greater in densely populated urban areas, such as those in Asia where the Ferrari Group operates. Nonetheless, we remain steadfast in our pursuit of innovative solutions, leveraging collaborations with organisations like EcoTransIT World to develop CO2 reports that facilitate environmental impact assessments and identify areas for improvement.”
Collaborative Partnerships: Fostering Sustainability in High-End Services
Acknowledging the formidable challenges ahead, Ferrari Group has intensified its partnerships with global actors reshaping the freight transportation industry Since 2022, Ferrari Group has actively participated in the Air France KLM Martinair Cargo Sustainable Aviation Fuel (SAF) Programme, a pivotal initiative aimed at reducing CO2 emissions in air transport Through this investment, Ferrari Group sourced 31 6 metric tons of SAF, resulting in an impressive 894% reduction in carbon emissions compared to conventional kerosene, equating to a significant carbon footprint reduction for the Group.
Additionally, in collaboration with Treedom, Ferrari Group has undertaken a commitment to plant 3000 new fruit and forest trees over the next three years. The agroforestry initiative started in 2023 and is currently ongoing: employees and stakeholders can monitor the Group’s forest online, and appreciate the support given to local farming communities, who become the true guardians of new trees. By adhering to the principles recommended by the Global Landscapes Forum, the Ferrari Group Treedom Forest aims to maximise carbon absorption, enhance water retention, mitigate erosion, and facilitate natural regeneration. This initiative underscores the Ferrari Group’s dedication to reducing CO2 emissions and supporting global environmental conservation efforts.
A policy of transparency: the fundamental role of reporting
Ferrari Group places a strong emphasis on reporting: fostering trust through transparent communication channels is key to the way the Ferrari Group does business The Group’s ESG efforts have been reported annually since 2019, and it has now embarked on a new chapter of its sustainability reporting journey The upcoming Sustainability Report 2023 has undergone a comprehensive audit conducted by an independent third party: in an ongoing commitment to transparency and accountability, the Ferrari Group has chosen to enlist the expertise of an external auditor to thoroughly examine its sustainability practices and performance. This allows the Group to be accountable and responsible for the way they create value for clients, stakeholders, and local communities.
Leveraging Global Expertise for Sustainable Solutions
Ferrari Group has made significant strides in environmental sustainability by establishing an Environmental Management System that complies with ISO 14001 standards This system empowers the organisation to effectively manage and mitigate negative impacts across its global operations
Mr Melchionni highlights tangible improvements in the Ferrari Group’s facilities: “Notably, five of our facilities in Asia have attained ISO 14001 certifications, demonstrating our commitment to environmental stewardship Additionally, one of our warehouses has achieved the LEED Platinum certification, underscoring our dedication to sustainable building practices In 2024, we introduced a comprehensive waste tracking and monitoring approach, enabling us to better manage waste production and ensure compliance with regulatory standards across all our operations, particularly in Asia ”
The Road Ahead: Toward Sustainable Excellence
Standing at the intersection of economic growth and environmental stewardship, the imperative to foster sustainability within high-end logistics and delivery services in Asia has never been more pressing
Mr Melchionni concludes: “By embracing innovation, collaboration, and a steadfast commitment to environmental responsibility, companies across Asia, alongside Ferrari Group and its global network, can chart a course towards sustainable excellence. Amidst the complexities of urban landscapes and the demands of global commerce, one thing remains clear: the pursuit of sustainability is not merely a choice but a collective responsibility one that holds the promise of a brighter, more sustainable future for generations to come.”
TAKE A COFFEE BREAK BY ILLY
ILLYCAFFÈ IS ONCE AGAIN THE LEADING COFFEE B CORP IN ITALY AND EXCEEDS 90 POINTS, IMPROVING ALL ITS PERFORMANCE
A commitment to gender equality and to fighting climate change, along with the value of the University of Coffee as a training centre are some of the key elements that earned illycaffè re-certification, with a higher score than before
Trieste, 21 May 2024 – illycaffè, the global leader in high-quality sustainable coffee and a Benefit Corporation has re-obtained B Corp certification thanks to its constant commitment along the entire value chain and its ability to generate positive impacts for its employees, its reference communities, and the environment
B Corp certification is issued by B Lab, an international organization that measures corporate environmental and social performance according to the standards established by the B Impact Assessment (BIA); it reviews its analyses every three years and issues re-certifications. In 2024 illycaffè obtained a score of 90 4, a significant improvement over its 2021 certification
"We are proud of the result achieved, which testifies to illycaffè's commitment to growing in a sustainable, responsible and transparent way – states Cristina Scocchia, CEO of illycaffè – The choice of pursuing our business goals by creating lasting and shared value along with the entire supply chain is a positive economic model that, as a B Corp we are committed to promoting because we are convinced that now more than ever, the private sector must also do its part to support the transition to models that guarantee the future of people and the environment”.
"Being a Certified B Corp company means operating according to the criteria of stakeholder governance, meeting B Lab's high standards of social and environmental impact and transparency,” states Anna Puccio, Managing Director of B Lab Italia. “I congratulate illycaffè for again passing the challenging B Impact Assessment process in all five standards, an achievement that confirms its improved impacts internationally. illycaffè is an inspiring example for all companies globally to advance towards systemic change, a common and necessary goal of the entire B Corp Movement.”
The most significant progress over the last three years concerned strengthening our sustainability governance through a company task force comprising the entirety of C-levels; the inclusion of ESG goals in the incentive package for top management; the evolution of our reporting system to encompass integrated reporting, which is reflected in the increasingly strong links between our business strategy, economic and financial performance, and the social and environmental context in which the Group operates; the continued strengthening of the role that ESG issues play in selecting and assessing partners along the supply chain for goods and services; the recognition of the University of Coffee as an effective training tool along the entire value chain; the achievement of gender equality certification testifying to the adoption of a systemic approach to this issue; and a stronger commitment to fighting climate change through the adoption of an SPTi Net Zero target, as reflected in the company's steady reduction of its carbon footprint (-5 3% in 2023 compared to 2022, using a market-based calculation methodology).
Environment
In order to protect environmental resources, illycaffè has continued to improve its performance in crucial sectors such as energy efficiency, the mitigation of emissions, the promotion of regenerative agriculture, the optimization of water resources and materials, and the application of a circular economy model by reducing waste and generating positive environmental impacts, including through the establishment of strategic partnerships. In 2023 the company cut its energy consumption by 12.9% and 95.5% of the electricity it used came from renewable sources (+19.2 percentage points compared to 2022). This was made possible thanks to constant improvements along the production chain, such as the development of a new software for coffee roasting machinery that cut consumption during stand-by phases by 20%.
The responsible supply chain created by the company through effective collaborative efforts with its suppliers is a key part of illycaffè's development strategy. Ambitious targets such as Net Zero can only be achieved through effective collaboration with suppliers. This is the spirit underpinning the Sustainability in Procurement project that was launched in 2022 with the goal of improving monitoring along all supply chains, including to reflect the requirements set out under the EU's Corporate Sustainability Due Diligence Directive (CSDDD), which defines the obligation of companies with regards to the effective and potential negative impacts on human rights and the environment of their activities and those of their supply chains and business partners.
Workers
illycaffè has always aimed to create an equitable and inclusive workplace. It pursues this goal by orienting its resource management and development strategies towards promoting a culture based on the principles of diversity, equity and inclusion (DE&I), leveraging the uniqueness of each individual and fostering their professional growth, and eschewing any and all forms of discrimination. The Policy for Inclusion and Gender Equality that was adopted in 2023, and the establishment of a DE&I Committee to spearhead initiatives in support of the company's diversity, equity and inclusion strategy reflect this commitment. This effort helped the company obtain the UNI/PdR 125:2022 certification on gender equality, which acknowledges a company's commitment to adopting a systemic approach and a cultural change aiming to create an inclusive and equitable workplace
With an eye to constantly improving talent management and remuneration policies, the company mapped out its management and executive staff in terms of the importance of their position, scope of responsibilities and impact on business (so-called grades), comparing the salaries of comparable positions and providing an additional analytical tool to support its remuneration policies The analysis showed that at the same grade/level, the average remuneration of women amounts to 97.2% of the average remuneration of men. In 2023, the base salary of women, calculated through a weighted average correlated to the number of female employees in each professional category, amounted to 94.1% of the base salary of men, an increase over 2022 (+2 8 percentage points)
Governance
The ESG Task Force was established in 2022 to facilitate the interaction of all necessary company functions and skills to effectively implement the sustainability plan
The ESG Taskforce, which comprises the CEO, the executives reporting directly to her, and the heads of the Risk & Compliance Office and the Legal Office, defines and coordinates strategic priorities, the company's sustainability goals, and the necessary investment plans to achieve them. In addition, it monitors project advancement and promotes the dissemination of a corporate sustainability culture within the organization
Customers
Training is one of the pillars of the corporate strategy to facilitate social growth. The unique training offer of the University of Coffee, the centre of excellence created by illycaffè in 1999 to promote and disseminate coffee culture worldwide, is a source of value along the entire production chain Thanks to its 23 campuses worldwide and its itinerant courses, the University of Coffee has trained over 348,000 people so far. In 2024, University of Coffee docents were certified by ACS Italia, attesting to their levels of knowledge and educational skills
The Asian Middle-Class Explosion
By Francesco Nagari, Partner, Deloitte China
Over the past twenty years, the phenomenon often referred to as “the Rise of Asia Middle Classes” has generated enormous interest across governments, academia, and businesses In this article, I share some observations on the business perspective The lens that I use is that of the financial services industry (“FSI”)
The middle class in Asia is expanding at an extraordinary rate Deloitte's studies reveal that by 2030, Asia will be home to nearly two-thirds of the global middle class Countries such as China, India, Indonesia, and Vietnam are at the forefront of this transformation
The obvious characteristic of the middle classes is the availability of a higher disposable income that puts the household above poverty The range of disposable income and personal wealth that economists consider to be representative of the middle classes is wide These economic facts make the middle-class consumers a key segment for all FSI businesses, which would help them through banking products to spend and save, through insurance products to protect and prepare for retirement, and through investment management services to manage and grow their wealth
The impact of COVID-19 on the estimated 2 billion Asian middle-class members during 2020-22 has been significant The high number of Asian middle-class households that were in the lower end of the disposable income range that defines it, meant that many consumer incomes have suffered The economic rebound that followed the severe impact of COVID-19 has enabled the recovery across several Asian markets This has stimulated the demand from middle-class consumers for financial products that would improve household balance sheet management Middle-class consumers appear to have evolved their demand for financial services products that build on the experience of overcoming the impact of COVID-19 This demand was also influenced by the rising levels of interest rates and inflation that coincided with Asia exiting from the period when COVID-19 impacted Asian economies the worst
With increased wealth comes the need for protection against risks COVID-19 has sharpened this need The demand for insurance products, including life, health, and property insurance, is surging Deloitte notes that there is a particularly strong interest in health insurance as rising healthcare costs become a major concern for middle-class families Insurance companies are therefore tailoring their products to meet the specific needs of this demographic, offering flexible and comprehensive coverage plans
Middle-class consumers demand financial services products that can be accessible through digital channels The limited mobility during COVID-19 has increased the convenience value of products that could be accessible from home against those that were not “Mobile first” product design is a non-negotiable element for all FSI businesses in supplying their services to Asian middle-class consumers The integration of AI and machine learning can provide personalised investment advice, catering to the specific needs and risk profiles of middle-class consumers
Deloitte's insights on cloud banking highlight the shift towards digital-first strategies, enabling banks to offer seamless, userfriendly experiences through mobile and online platforms Moreover, the rise of digital banking is bridging the gap between traditional financial institutions and underserved populations By providing digital access to banking services, financial institutions can reach remote and rural areas, fostering greater financial inclusion and empowering more people to participate in the formal economy.
The recent recovery in disposable incomes has also triggered an evolution in the consumer financing needs of middle-class consumers Deloitte collected data that reveals that consumers have been resilient, and spending went up after the initial shock of the COVID-19 pandemic and it has now returned to a pre-pandemic level in most Asian markets However, household debt has also increased during COVID-19 and that means it will stay elevated in the near to medium term calling middle-class households for solutions that would help them achieve a degree of deleveraging while returning to levels of consumption that are commensurate to pre-pandemic.
The age profile of Asian middle-classes is varied This presents FSI businesses with the opportunity to make their strategies more targeted to the demographic structure of the different components of this vast segment of the Asian population The trend towards a more aged population in China and northern Asian markets is contrasted by the different dynamics observed in India and southern Asian countries These evolving demographics should be considered along the first material generational wealth transfer that the ageing of such a large segment of Asian population has already started
While the opportunities are significant, financial institutions must navigate several challenges to effectively serve the Asian middle class:
1
Regulatory Compliance – FSI providers must adhere to varying regulatory requirements across different Asian markets Ensuring compliance while delivering innovative products is a delicate balance that requires strategic planning and robust risk management
Data Security and Privacy – As digital financial services proliferate, so do concerns about data security and privacy Protecting customer data and maintaining trust is paramount, especially in the face of increasing cyber threats
Cultural Sensitivity and Localization – Understanding the cultural nuances and preferences of diverse Asian populations is crucial Financial products must be tailored to meet local needs and preferences, requiring a deep understanding of regional markets and consumer behaviour
3 The rise of the Asian middle class presents a transformative opportunity for FSI players. By leveraging technological advancements and focusing on the specific needs of this growing demographic, financial institutions can play a pivotal role in fostering economic growth and financial inclusion across Asia. As Deloitte's research highlights, the future of financial services in Asia will be shaped by innovation, customer-centricity, and a commitment to addressing the evolving financial needs of the middle class
Updated Company Law in China:
Essential Insights for Foreign-Invested Enterprises
On December 29, 2023, significant amendments to China's Company Law were enacted by the National People’s Congress, with implementation set for July 1, 2024. These changes bear critical implications for both existing companies and new market entrants in China
To protect the company and creditors’ interest, new rules are introduced to ensure shareholders pay up their full capital contribution. Article 54 allows creditors and management of the company to demand immediate payment of any unpaid capital contributions if the company faces insolvency
Additionally, there are penalties for non-disclosure of capital information. Companies must now disclose their capital registration through the National Enterprise Credit Information Disclosure System, detailing the amount, method of contributions, and shares subscribed. Failure to comply can attract fines ranging from RMB 10,000 to RMB 200,000.
Transfer of Equity
Company Capital and Shareholder Contributions
Understanding these modifications is crucial for compliance and optimizing strategic operations within the Chinese business landscape
Under the new Article 47, all shareholders of a Limited Liability Company (LLC) are required to fully pay their subscribed capital within five years of the company's establishment This represents a shift from the previous flexibility in the 2018 law where shareholders could set their own timelines in their Articles of Association
For companies established before this new mandate, there's a three-year grace period until June 30, 2027, to adjust to these new requirements, ensuring that all capital contributions are scheduled for five years or less from July 2027, unless already compliant The alterations are designed to streamline corporate operations, safeguard shareholders, and enhance regulatory compliance, all while maintaining a competitive business environment in one of the world's largest economies
Significant changes under Article 84 now facilitate the transfer of equity interests If an LLC shareholder wishes to transfer their equity to someone outside the existing shareholders, the prior requirement for majority shareholder approval has been removed Instead, shareholders are simply notified, and if there is no response within thirty days, their right of first refusal is considered waived.
Enhanced
The updated law introduces more flexibility in the types of shares a company can issue, such as preferred shares, subordinate shares, and shares with special voting rights This change provides companies, especially listed ones, greater leeway in managing their capital structure.
Share Flexibility
Corporate Governance
Articles 83 and 133 provide smaller-scale companies greater flexibility in corporate governance by allowing them to choose not to appoint a board of supervisors, instead possibly appointing a single supervisor or none at all For corporate oversight, an audit committee within the board of directors can be established under Articles 69 and 121 to fulfill these supervisory functions
There’s an expanded scope for shareholder rights, particularly around accessing financial and operational documents This includes the right for LLC shareholders to inspect company accounting vouchers, a step further than the previously allowed access to accounting books
Legal Representatives
With Article 10, the designation of legal representatives in small companies is broadened to include any director or general manager who manages company affairs, diverging from the previous limitation to specific executive roles. This amendment facilitates greater flexibility in appointing key operational roles within foreign-invested enterprises
Board Resolutions
Changes to decision-making processes are clarified under Articles 116 and 124, with new stipulations that shareholders' meetings resolutions and board of directors' resolutions must pass with a majority of voting rights and directors, respectively This ensures clearer governance and decision-making protocols
Company Deregistration and Liquidation
The newly added Chapter 2 in the Company Law outlines streamlined processes for company registration, changes, and deregistration.
Simplified deregistration procedures are available to companies without debts or those that have settled all debts and it requires unanimous agreement from all shareholders. Deregistration should be announced via the National Enterprise Credit Information Disclosure system with a minimum announcement period of 20 days If no objections are received, the company can apply to cancel the company registration within 20 days after the announcement period
The Forced Deregistration Mechanism targets "zombie companies" that remain legally active but are non-operational Triggered by Article 241, it applies to companies failing to liquidate within three years after their business license is revoked The deregistration process begins with a public announcement from the company registration authority, followed by a 60-day response period If no objections are received, the company’s registration is cancelled Despite deregistration, the responsibilities of shareholders and liquidators remain unchanged, ensuring accountability for any remaining liquidation duties.
Context of the Foreign Investment Law
Since its introduction in 2020, the Foreign Investment Law (FIL) has unified the regulatory framework for foreign-invested enterprises (FIEs) in China, including wholly foreign-owned enterprises and joint ventures, under the PRC Company Law. Existing FIEs established before January 2020 have until December 31, 2024, to align with the new law, while those established afterwards must comply by July 1, 2024 FIEs are advised to consolidate changes, such as updating external equity and legal representatives, in a single effort to simplify compliance
Conclusion
The 2023 amendments to China's Company Law mark a significant shift in the regulatory environment, enhancing transparency, protecting stakeholders, and streamlining operations for both domestic and foreign enterprises As China continues to attract global business interest, understanding and adapting to these new regulations is crucial for companies looking to succeed in this dynamic market For expert advice and strategic guidance, contact Fidinam (info@fidinamgw.com) to manage these changes effectively and ensure your business’ compliance
Italian Aperitivo Culture Meets Hong Kong’s Sunset Vibes
By Alfred Cheung, General Manager, Campari Group Hong Kong and Macau
As music lovers and cultural aficionados flocked to the AXA x WaterBomb Hong Kong 2024 for this unique experience, they had the chance to indulge in the Aperol Spritz—an Italian twist that added vibrancy to their festival fun. Beyond the usual beers and wines, a new drinking trend emerged, igniting the dynamic atmosphere of the summer festival with a taste of Italy’s cherished aperitivo culture.
Aperol Spritz: A Refreshing Alternative
Picture festival-goers sipping Aperol Spritz as the sun dipped below the skyline. The zesty orange liqueur, combined with prosecco and soda water, offered a delightful balance of bitterness and sweetness. It became the drink of choice—a refreshing alternative that perfectly complemented the vibrant energy of the event.
Beyond Beers and Wines: A New Drinking Trend
Traditionally, outdoor festivals have been synonymous with beer tents and wine bars. But WaterBomb Hong Kong 2024 disrupted the norm. The partnership between Aperol Spritz and WaterBomb Hong Kong went beyond business—it was a cultural exchange. The introduction of Aperol Spritz wasn’t just about refreshing beverages; it was about embracing a lifestyle.
Embracing the Italian Way
Campari Group Hong Kong’s initiative spoke volumes. By bringing Aperol Spritz to WaterBomb Hong Kong 2024, they didn’t merely introduce a new beverage option; they invited the people of Hong Kong to embrace the Italian way of life. Even if just for a few sips, festival-goers connected with Italy’s timeless tradition the art of savoring the moment.
Cultural Fusion: A Splash of Color and Italian Flair
As we look back on the summer of 2024, the Aperol Spritz and WaterBomb partnership stands as a beacon of cultural fusion. It added a splash of color to Hong Kong’s festivities, infusing them with a dash of Italian flair. Whether dancing to K-POP beats or lounging by the waterfront, the orangehued elixir became a symbol of shared experiences.
Conclusion: Sip, Savor, and Sunset
So, raise your glass—to memories made, to Italy’s aperitivo spirit, and to the vibrant fusion that echoed across the West Kowloon Park. As the sun set, Aperol Spritz whispered, “La dolce vita” the sweet life. And for those moments, Hong Kong embraced it wholeheartedly.
On May 28th, Hong Kong hosted the internationally renowned architect and designer Michele De Lucchi, who presented a lecture entitled The Equation, organized by the Hong Kong Design Institute and Novalis Art Design Gallery with the support of the Italian Cultural Institute and the Consulate General of Italy in Hong Kong and Macau.
The lecture examined the fundamental steps of the creative experience of a figure who has been one of the main protagonists of decisive aesthetic movements for the Italian design and architectural scene of the last forty years: from joining the great “Radical season” to the foundation, under the guidance of Ettore Sottsass, of the Memphis group, who defined the new aesthetics of the 80s and revolutionized the approach to product design. Passing through the creative process which underlies the conception and design of buildings and products that have marked the identity of the Made in Italy architecture and design, such as the headquarters of the Triennale in Milan, the Palazzo delle Esposizioni in Rome and the Pulcina coffee maker by Alessi, Michele De Lucchi finally introduced the new concept of the Earth Stations, conceived together with the collaborators of the AMDL Circle studio as the main focus of the conference
De Lucchi's research is of an innovative aesthetic kind, an investigation that evolves from the Earth Stations project and materializes in the equation A=EI(Q) – Architecture=Environmental Installations (Quotient) defining a new attitude, a new philosophy of human intervention on nature A paradigm that places emphasis on the relationship between the need to work on environmental installations and the human factor of change A balance between man and nature, in which the variable "Q", represented and defined by the designer, is the fundamental element that gives meaning to the project and measures the responsibility and the social role of the architect
These topics have been brought up in the panel discussion that followed the presentation and that saw the participation of Dr Lay Ong, Principal of the Hong Kong Design Institute, Prof Eric Yim, Chairman of the Hong Kong Design Centre, Architect Michele De Lucchi and the Director of the Italian Cultural Institute: their discussion, which included a Q&A session, involved the audience present in the room, mainly made up of d h hi d d i
Alice Fratarcangeli - Director, Italian Cultural Institute Hong Kong & Macau
The speakers tried to answer the various questions raised by De Lucchi's research: who are the new designers? What can they reply to those who want to build a new building and occupy more space than the little still left on the planet?
The initiatives linked to the presence of this great architect and designer cape off an entire year dedicated to Italy, during which Hong Kong celebrated Italian design, fashion, cinema and architects: an intense programme of activities which started with the Italian Design Day in March 2023 and continues to involve the most prominent Italian personalities in the sector, marking the way for future collaborations
The Earth Stations
According to Michele De Lucchi, there is a need for a new vision, a need to imagine the spaces, the environments and the symbols of today's world projected towards the future and not simply extrapolated from the past
So, here is a truncated pyramid trunk constructed by interlocking thousands of bamboo canes, where sky, water, and vegetation merge, creating a structure that is not a building but a pathway; a composition of traversable glass towers that give life to multifunctional spaces where one is compelled to continually change perspective, reflecting on the relationship between oneself and space oneself and others oneself and the
These are the Earth Stations, structures that answer to the urgency for a change in our way of thinking and living and that offer our Planet a chance for survival. Visions of sustainable and desirable architecture through which the architect imagines the world of tomorrow to be. Permeable elements acting like cell membranes and absorbing inputs from the surrounding environment and creating new solutions for the life of communities
They are public buildings, libraries, condominiums, homes, museums, ala designed to influence the social dynamics and behaviors of the people that traverse and inhabit them They represent one of the possible evolutions of architecture addressing, in their utopian vision, the challenge of integrating people’s lives in a reality increasingly fragmented into an infinite array of intangible pixels
A study that emphasizes the most controversial themes in architectural design that today’s and tomorrow’s architects must confront
The exhibition “The room I’m in”
On May 30th, Michele De Lucchi inaugurated his personal art exhibition entitled The room I'm in, at the Novalis Art Design Gallery, on display until June 15th The exhibition comprises nearly thirty recently created works including sculptures in wood and bronze, paintings on paper and board, and lithographs Through these pieces, the artist explores the intricate interaction between human beings and their surrounding environment, capturing the flow of past time and the vibrancy of the present De Lucchi offers a glimpse into a more intimate dimension of his creative universe His artworks prompt us to contemplate our capacity for communication and our ongoing endeavor to attribute meaning and significance to everything around us.
ItalianBusinessCulture: SurvivalGuide
When doing business in Italy, having cross-cultural knowledge would improve the potential of your business trip and the relationshipsrelations with your colleagues
In order to successfully prepare yourself for a meeting with your Italian counterpart, you should demonstrate an understanding of Italian culture and etiquette Here are some things you want to keep in mind:
1 Work relationships
Introduction and Personal Titles
3
In the workplace, Italians generally establish relaxed relationships, there’s it’s a tendency to ask questions about the other person, their family and personal interests However, be aware: this does not necessarily mean that you have gained their trust! Italians are often guided by their feelings, and trust is very important in establishing a good business relationship. If you move away or keep your distance, this can be considered unfriendly. During a meeting, engage in small talks and show interest in Italian culture, food, fashion or sports 2
Usually, the first contact with an Italian business partner should be formal You should send an email or make a phone call Remember that, after the first contact, Italians like to do business faceto-face. Shake hands with everyone in the room, and address people by their title and last name. A certain formality is common and appreciated.
Dresscode
Personal appearance plays an important role in Italian culture, and social status is also expressed by a fashionable and refined style In Italy, a traditional and classic style is mostly accepted in the workplace, nevertheless, casual and informal clothing is common outside large companies and financial circles The elegant dress code for men is a dark suit, while for women it would be dark, elegant pants suits or skirt suits
Initially, you should address people by their title and last name (Signor Rossi, please ) and wait to be explicitly invited to use other forms or more informal communication Dottore and Dottoressa are generic (male and female) titles for people with a university degree Specific titles are used for lawyers (Avvocato), engineers (Ingegnere) and architects (Architetto) In these cases, the same forms also apply to women In writing, such titles are respectively abbreviated as Dott, Dottssa, Avv., Ing., Arch.
4
Communication, Language and Taboo Topics
The ability to use the right language and the right gestures when communicating is very important, especially in Italy Hand gestures and personal contacts are a feature of Italian conversations Eye contact is vital because it is considered to be a sign of interest, openness and frankness On the other hand, looking away is not appropriate and would send negative signals
Currently, English is the most commonly used foreign language but the use of a professional translator is widespread among businessmen If you don’t speak Italian, you should indicate this clearly in your letter or e-mail You must take into account that some topics are sensitive, eg politics, mafia, private family issues, private income And, even when your host is being explicitly negative about some aspects of the Italian situation, avoid expressing additional criticism of your own. On the contrary, movies, sports, arts, travel, fashion etc. can be safe fields of discussion.
Hospitality, Meals and Gift Giving
Hospitality plays an important part in Italy’s business culture Business meals are used to cement relationships, as well as discuss business Refusing an invitation will most often be seen as impolite In Italian business culture, gift-giving is not very common (perhaps only after a trusted, familiar relationship has been established) A small gift may also be appropriate to show appreciation for the hospitality In this case, the choice could include liquors, delicacies or crafts from the visitors’ country
6
Meetings and negotiantions
Meetings are one of the best ways to get a deeper and more common understanding of an issue rather than being the conclusive part of a decisionmaking process In this sense, meetings are more analysis-oriented than decision-oriented
Punctuality is not a priority for Italians Be patient and be prepared for some delay when you start working with a new Italian partner ButBUT, on the other hand, don't be late Delay can be seen as lack of respect Plus, deadlines are not taken too strictly Where a deadline must be firmly met, make it very clear to your Italian partner
Business cards can be exchanged at any time during a meeting Make sure to read it after receiving it, but don’t feel offended if they use only one hand to take it: it is not considered a sign of disrespect! Italian business cards normally contain all important business information, including: contact details, business position, education degree and/or professional titles
Negotiations can be lengthy and conducted slowly due to the hierarchical decision-making process Italians tend to carefully evaluate advantages and risks Verbal agreements and handshakes can formbond an agreement However, most agreements are in writing
Discussions and negotiations can be very lively. It is common for them to express any disagreement and constructive criticism during meetings and negotiations.
These are only some tips about Italian business etiquette If you are interested in diving deeper into the complex world of Italian Business Language & Culture, our school offers professional in-office business Italian courses in Hong Kong
Using innovative and effective teaching methods, all Italian courses are tailor-made to cater to your company ’ s exact language needs. Some examples of the specific courses offered include banking and financial Italian, business and commercial Italian correspondence, Italian for fashion, design and import-export industry and Italian business culture awareness
To learn more, visit our website https://ladantecc/ or contact dantealighieri@ladantecc
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Thinking beyond tomorrow
HONGKONG MACAU & What’s on
Chinese Culture Festival 2024
The inaugural Chinese Culture Festival brings together the rich essence of both the past and present The festival kicks off with the mesmerising dance drama "Five Stars Rising in the East," setting the stage for the cultural extravaganza Additionally, the festival showcases exemplary local arts projects that have received recognition from the prestigious China National Arts Fund, highlighting the talent and creativity of local artists
The Musical
Prepare yourself for the highly anticipated, "MAMMA MIA!" musical, as it returns to Hong Kong to celebrate its 25th anniversary A total of 24 shows will be staged, providing you with the perfect opportunity to immerse yourself in the enchanting world of "MAMMA MIA!" right here in Hong Kong!
International Arts
Carnival 2024
The International Arts Carnival presents a diverse range of performances by both local and international artists These programs encompass various art forms such as dance, music, acrobatics, and magic theatre, integrating interactive, art-tech, and multimedia elements In addition to performances, the IAC also provides an exhibition, workshops, and online programs, among other offerings
Championships
The 2024 World Lacrosse Women’s U20 Championship will take place this August at Mong Kok Stadium This event is one of the most significant international lacrosse tournaments, marking its seventh edition and first time in Asia Top teams from around the world will compete for the championship
MAMMA MIA!
2024 World Lacrosse Women’s U20
A Man Beyond the Ordinary: Bruce Lee
Step into the world of martial arts legend Bruce Lee! The exhibition showcases around 400 items of memorabilia and photos of the martial artist and actor Various large-scale lighting exhibits and interactive installations, including an optical fibre interactive projection installation, will be on display to demonstrate Lee’s martial arts ideas and life philosophy
M+ Sigg Collection: Another Story
Prepare yourself for the highly anticipated, "MAMMA MIA!" musical, as it returns to Hong Kong to celebrate its 25th anniversary A total of 24 shows will be staged, providing you with the perfect opportunity to immerse yourself in the enchanting world of "MAMMA MIA!" right here in Hong Kong!
Wu Guanzhong: Between Black and White
The "Wu Guanzhong: Between Black and White" exhibitions showcases over 30 of Wu’s ink and oil paintings in two phases, along with excerpts from his writings It aims to challenge conventional views on black, white, and grey, guiding viewers to appreciate Wu’s unique aesthetic and emotional depth in his reflections on life and nature
The '100% DORAEMON & FRIENDS' Tour will be hosted in Hong Kong this summer This exhibition serves as a tribute to the 90th anniversary of Doraemon's creator, Fujiko F Fujio, and offers visitors an immersive experience into the captivating world of Doraemon through manga art and movies
Into the World of Wuxia Legends
MGM, in collaboration with TVB, present the “Into the World of Wuxia Legends” Jin Yong Wuxia Drama
Costumes and Weapons Exhibition at Barra It showcases over 20 costumes and props from TVB’s adaptations of Jin Yong’s wuxia novels, highlighting iconic scenes and the spirit of martial arts and chivalry
Wandering in the Scenes
The exhibition “Wandering in the Scenes” highlights Macao's changing landscapes through film since the 1950s It features four key locations and compares selected film clips that were once shot in these sites, with new shots of the present-day scene The exhibition showcases the aesthetic evolution and diverse interpretations of Macao by filmmakers over time, providing an immersive experience of the city’s cinematic history.
Integration of Art between China and the West in the 18th-19th Centuries
The exhibition features over 300 pieces, including export paintings and works in the style of George Chinnery, sourced from the Macao Museum of Art, Guangdong Museum, and Hong Kong Museum of Art Through three different perspectives – painting style, painting skills, and painting materials – the exhibition unveils the visual dialogue and integration between China and the West, which were brought about by local and foreign artists in the Pearl River Delta area during the 18th and 19th centuries.
Exhibition of Virtual Reality at the Ruins of St. Paul’s
This virtual visit to the Mater Dei Church (Church of the Mother of God) offers a glimpse of how the historical structure might have looked in its heyday, before its destruction by fire Virtual reality technology offers a recreation of the original building, enabling visitors to immerse themselves in the magnificent architecture of 400 years ago
