and earning approximately US$123
        
        
          billion a year. Most importantly, he said,
        
        
          creative industries are growing at a rate
        
        
          of 9% annually, while other industries
        
        
          feel the pinch.
        
        
          “Creativity is about risk-taking,
        
        
          about spotting the next trend,” Sir James
        
        
          added.
        
        
          Hong Kong’s Secretary for Home
        
        
          Affairs, Dr Patrick Ho, said Hong
        
        
          Kong, with its melting pot of cultures,
        
        
          was a “perfect testing ground” for
        
        
          creative industries: “We have the
        
        
          platform and we have the critical mass,”
        
        
          he said.
        
        
          With Hong Kong and the Pearl
        
        
          River delta together ranking among
        
        
          the world’s top 20 economies, he saw
        
        
          enormous potential for collaboration.
        
        
          “We’re confident that, like China’s
        
        
          creative invention of gunpowder, this
        
        
          region will go with a bang!”
        
        
          Chris Hamnett, a Professor of
        
        
          Human Geography at King’s College
        
        
          London, agreed that Hong Kong was
        
        
          ideally placed to capitalise on a post-
        
        
          industrial economic base to embrace
        
        
          creative industry. Manufacturing’s
        
        
          contribution to the economy had
        
        
          shrunk dramatically from 50% in 1980
        
        
          to less than 10% today, he noted.
        
        
          “We’re in the era of late-capitalism.
        
        
          Creativity is critical for productive
        
        
          strategy. People don’t buy a car; they
        
        
          buy a brand, an image, a lifestyle. It’s a
        
        
          triumph of style.”
        
        
          In recent years, London has
        
        
          reinvented itself as the “coolest city on
        
        
          the planet,” but this didn’t happen by
        
        
          accident. Graham Hitchen, head of
        
        
          Creative Industries at the London
        
        
          Development Agency (LDA), said
        
        
          decisive political leadership had been
        
        
          key.The LDA was specifically established
        
        
          in 2002 to spearhead the city’s “culture-
        
        
          led regeneration,” starting from the
        
        
          ground up by providing creative in-
        
        
          dustries with affordable rents and
        
        
          business support.
        
        
          Sir Michael Bichard, rector of The
        
        
          London Institute, said the key to
        
        
          creativity lay in education. Art colleges
        
        
          not only produce fine artists but also
        
        
          designers, filmmakers, pop groups,
        
        
          writers and the entire range of creative
        
        
          talent that is energising and re-inventing
        
        
          London’s economy. After graduating,
        
        
          these young people continued to need
        
        
          support in the form of advice, capital
        
        
          and management skills. The business
        
        
          community therefore needed to be much
        
        
          closer to the creative community, he said.
        
        
          
            C
          
        
        
          
            REATING
          
        
        
          
            W
          
        
        
          
            EALTH
          
        
        
          So how can creativity contribute to the
        
        
          hard-nosed business world?
        
        
          Hutchison Whampoa Group Man-
        
        
          aging Director Canning Fok took the
        
        
          podium to make the corporate case.
        
        
          Ever realistic, Mr Fok was quick to
        
        
          pre-empt the sceptics.
        
        
          “Creativity doesn’t always make
        
        
          money.There are a lot of poor artists in
        
        
          this world,” he said.
        
        
          “So what’s so creative about bus-
        
        
          iness?” Mr Fok continued. “Isn’t it just
        
        
          about buying low and selling higher?
        
        
          Maximising profit? Bargain-hunting?
        
        
          Turning inefficient companies into
        
        
          efficient ones?”
        
        
          Not entirely, Mr Fok said. In fact,
        
        
          creativity contributes in many ways to
        
        
          corporate growth, shareholder value
        
        
          
            C O M M U N I T Y
          
        
        
          S
        
        
          PHERE
        
        
          10
        
        
          and the bottom line.
        
        
          “Business must be creative, and
        
        
          Hutchison especially encourages creat-
        
        
          ivity because that’s what got us where
        
        
          we are.”
        
        
          He went on to explain the Chinese
        
        
          phrase for business:
        
        
          
            Sang yee
          
        
        
          . “
        
        
          
            Sang
          
        
        
          means lively;
        
        
          
            yee
          
        
        
          means ideas. Our
        
        
          word for business literally means
        
        
          ‘lively ideas’. It means flexibility to
        
        
          adapt to a changing world. Doing things
        
        
          differently. Thinking out of the box. In
        
        
          short, being creative.”
        
        
          Mr Fok pointed out the famous
        
        
          shopping centre at Whampoa Gardens,
        
        
          which is built in the shape of a ship and
        
        
          has become a Hong Kong landmark.The
        
        
          idea was obviously “out of the box” but
        
        
          Li Ka-shing immediately saw the po-
        
        
          tential, gave his approval, and the build-
        
        
          ing’s uniqueness put Hutchison’s first resi-
        
        
          dential “Garden City” on the map.
        
        
          “The ship caused a sensation.
        
        
          Everyone heard about it. It was in
        
        
          magazines and newspapers outside of
        
        
          Hong Kong,” Mr Fok said. “Whampoa
        
        
          Gardens became so popular the invest-
        
        
          ment paid back in two years.”
        
        
          Mr Li has consistently demonstrated
        
        
          a taste for backing creative enterprises.
        
        
          Creativity certainly counted at
        
        
          Whampoa Gourmet Place, the
        
        
          “hawker” centre that rescued a tradition
        
        
          of street-stall dining in Hong Kong.
        
        
          “As Hong Kong modernised,” Mr
        
        
          Fok recalled, “hygiene regulations put
        
        
          hawkers out of business. When we
        
        
          looked at opening a food court we could
        
        
          have chosen familiar brands. But we
        
        
          thought out of the fast-food takeaway
        
        
          box. We got a famous food critic to
        
        
          invite legendary hawkers to set up in
        
        
          business.The hawkers got back to work,
        
        
          the public loves it, and the food court
        
        
          makes money!”
        
        
          Branding is yet another example of
        
        
          how Hutchison works with creative
        
        
          talent to impact markets.
        
        
          “When we first moved into telecoms
        
        
          in the UK, a lot of people laughed at our
        
        
          brand-name, ‘Orange’. I must admit, I
        
        
          also nearly fell off my chair when our
        
        
          creative people suggested the name! But
        
        
          we went with it and the market soon
        
        
          realised that our brand was no lemon.
        
        
          Orange became the fastest-growing
        
        
          mobile phone operator in the UK. It also
        
        
          won an advertising industry award for
        
        
          ‘capturing consumers’ imaginations’.”
        
        
          Orange, of course, sold for a
        
        
          handsome profit to fund Hutchison’s
        
        
          boldest step yet in telecoms – the third-
        
        
          generation system recently launched