People: Power Corporation of Canada Appoints McGill Grad Vice-President to Oversee Asia Business Development

Montreal-based Power Corporation of Canada announced the appointment of Henry Liu Yuhong as Vice-President. Mr. Liu will oversee Power Corp.’s business development in Asia.

Prior to joining Power Corp. in 1995, Liu worked with China CITIC Group in Beijing. Power Corp. is a diversified international management and holding company with interests in companies in the financial services, communications and other business sectors.

Mr. Liu will be responsible for business development in Asia, where the Corporation currently has a number of investments. He joined Power Corporation in 1995, and has since held various positions, most recently as Financial Analyst and Director of Asian Affairs. Prior to joining Power Corporation, Mr. Liu worked with China CITIC Group in Beijing. Mr. Liu obtained his Bachelor of Arts degree in Nanjing, China. He holds an MBA from McGill University and is a CFA charter holder.

Power Corporation of Canada (TSX: POW) is a diversified international management and holding company with interests in companies in the financial services, communications and other business sectors.

Take a “Brake” Low Carbon Action – Corporate Green Driving Award Scheme 2011

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Would you like to receive part of HK$1,000,000 while helping to improve roadside air quality in Hong Kong?  Well last year the corporations who participated in the 2010 Take a “Brake” Scheme did exactly that. Through adopting Green Driving methods participants averaged a 12.5% fuel reduction which saved them 65,000 litres of fuel in just one month. As well as reducing harmful vehicular emissions from the air their actions resulted in 177 tonnes of CO2 being kept out of our atmosphere. If you wish to help cut down roadside air pollution and combat climate change, you and your corporations are invited to take part in Take a “Brake” Low Carbon Action, which is co-organized by Friends of the Earth (HK) (www.foe.org.hk).  Visit their website for details about the 2011 Corporate Green Driving Award Scheme and read the full invitation at http://www.foe.org.hk/takeabrake/Invitation_to_participate_in_Take_a_Brake_20…

 

Real Estate: Vancouver Projects come to Hong Kong

Canadian real estate sales and marketing company TheKey.com is unlocking opportunities for Chinese property investors via a marketing initiative started in Hong Kong. The Vancouver-based firm launched Central, a prestigious condominium project by developer Onni Group, simultaneously in Canada and Hong Kong last month, putting buyers in two continents on a level-playing field for the first time. 

According to Cam Good, President of TheKey.com and TheKey Hong Kong Ltd, Hong Kong and Chinese mainland residents are enthusiastic investors of Canadian real estate. But Mr Good, who founded his company in 2009, said that until now, local buyers had first pick of the new developments, leaving second-best for overseas investors. 

Mr Good chose to open his latest office in Hong Kong because of the city’s sophisticated investor base, and its unparalleled access to the mainland. TheKey Hong Kong Ltd is Mr Good’s second offshore office after Beijing, and will soon add to the network with a third office in Shenzhen. While his focus is on the mainland market, having a Hong Kong operations, he said, is key to realising the region’s potential. 

Get the full story here.

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TheKey.com’s Hong Kong business model is to launch projects through invitation-only events, lending an air of exclusivity. It works because of Hong Kong’s close-knit community, where word spreads fast, and its wide-ranging business support. TheKey.com has benefited from The Canadian Chamber of Commerce’s strong presence in Hong Kong, Mr Good said. “It’s the largest in the world outside of Canada and they’ve been a great help in helping us get our feet on the ground.” 

China, Manufacturing: Celestica’s High Tech Ops in Modernising China

Nearly all the electronics products that Toronto-headquartered Celestica manufactures in Suzhou are high-end. Workers here make things like X-ray printers and routers and switches, the critical hardware for telecommunications networks.

The plant shatters the stereotype that China is merely the sweatshop of the world, where cheap labour churns out inexpensive trinkets, toys and second-rate fare. What’s manufactured here must meet the standards of the world’s top medical facilities and the demands of the most heavily trafficked corporate communications systems.

One-third of the Chinese workers at Celestica’s Suzhou plant are engineers, and the Canadian company has a research and design facility in Shanghai.

“I don’t think there is anything we can’t build in China today,” says Brian Lau, vice-president and general manager of Celestica’s Asia sales group. “The products we are building here are all value-added products,” Mr. Lau says.

China’s manufacturing sector is quickly moving up the value chain. Where once it produced poorly made clothes and plastic playthings, Chinese factories are now capable of making sophisticated electronics or pieces of machinery each worth hundreds of thousands of dollars.

Get the whole Globe and Mail story here.
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In addition, the Globe and Mail has a story on Celestica’s recent results – good.  Very good.  Read on here.

“Celestica Inc said on Friday its quarterly profit more than tripled as new business awards pushed revenue higher, and shares of the contract electronics manufacturer rose as much as 10 per cent.

Profit rose to $45.7-million, or 21 cents a share, in the second quarter, compared with $13-million, or 6 cents a share, a year earlier. On an adjusted basis it earned 27 cents per share.”