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Hong Kong’s economic system expanded by three.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} 12 months-on-yr in actual phrases within the first three quarters of 2017, after growing by 2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016. Within the latest round of overview in November 2017, the Government forecasted Hong Kong’s economic development for 2017 as a whole at 3.7{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e}, larger than the mid-level of the range forecast of three-four{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} introduced in the August round. Hong Kong’s merchandise exports increased 8.three{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} year-on-yr in January-October 2017, after a marginal decrease of 0.5{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016.

The Government will proactively promote Hong Kong as a world legal and dispute decision services centre and encourage the co-operation between the authorized sectors of Hong Kong and the Bay Space. Hong Kong is also a key offshore capital-raising centre for Chinese enterprises. There have been 1,973 firms listed on HKEx, including 260 corporations on the Development Enterprise Market and the entire market capitalisation of Hong Kong’s inventory market reached US$three.17 trillion.

Ms Lam emphasised the Government’s role as a facilitator” and a promoter” and the opportunities brought by the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Bay Area (Bay Area). Mainland business banks including Bank of Beijing, Bank of Dongguan, China Bohai Bank, China Guangfa Bank, Hua Xia Bank and Ping An Bank have representative places of work in Hong Kong.

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