Austin Business Information & Articles
September 1, 2018
Hong Kong’s economy expanded by three.9% year-on-12 months in actual terms in the first three quarters of 2017, after growing by 2% in 2016. Connecting choice makers to a dynamic network of knowledge, people and ideas, Bloomberg rapidly and precisely delivers enterprise and financial info, news and perception all over the world. Indian oil firms to explore Israeli block for first time 28 Dec, 2017 10:forty nine AM ISTIsrael, with its major gasoline reserves, has emerged as a greener pasture for the Indian oil corporations as Iran plays truant on Farzad-B gasoline area.
Ms Lam emphasised the Government’s position as a facilitator” and a promoter” and the opportunities introduced by the Belt and Street Initiative and the Guangdong-Hong Kong-Macao Bay Area (Bay Space). Mainland commercial banks including Bank of Beijing, Bank of Dongguan, China Bohai Financial institution, China Guangfa Bank, Hua Xia Financial institution and Ping An Financial institution have representative offices in Hong Kong.
Since the introduction of the Pilot RMB Commerce Settlement Scheme by the Central Authorities in July 2009, Hong Kong has succeeded in expanding its RMB enterprise by providing quite a lot of RMB-denominated monetary products and services, including trade finance, stocks, bonds and funds. As on the finish of December 2016, Hong Kong’s inventory market ranked the fourth largest in Asia and the eighth largest on the earth when it comes to market capitalisation.
Jio to purchase RCom property, inks pact 28 Dec, 2017 06:21 PM ISTAnil Ambani led Reliance Communications said that it’s going to utilise the proceeds of the monetisation of this money deal solely for pre-cost of debt to its lenders. The Government has set a objective to double the R&D expenditure as a proportion of GDP from zero.73% to 1.5%. To strengthen Hong Kong’s status as a world financial centre, the Authorities seeks to promote diversified improvement of the monetary market.
Within the newest spherical of overview in November 2017, the Government forecasted Hong Kong’s economic development for 2017 as a whole at three.7%, larger than the mid-point of the range forecast of three-4% announced within the August spherical. Hong Kong’s merchandise exports elevated 8.three% year-on-12 months in January-October 2017, after a marginal lower of zero.5% in 2016.