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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 …


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Hong Kong’s economy expanded by 3.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} 12 months-on-year in actual terms in the first three quarters of 2017, after rising by 2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016. IT companies formed cartel to maintain entry-stage salary low: TELEVISION Mohandas Pai 27 Dec, 2017 07:44 PM ISTPai stated that within the last 7 years, the salaries of freshers in the trade have stayed stagnant, while the identical for senior-degree employees have grown. Hong Kong service suppliers get pleasure from preferential therapy in entering into the mainland market in varied service areas.

Because the introduction of the Pilot RMB Commerce Settlement Scheme by the Central Government in July 2009, Hong Kong has succeeded in expanding its RMB enterprise by offering a number of RMB-denominated financial products and services, together with trade finance, shares, bonds and funds. As on the end of December 2016, Hong Kong’s stock market ranked the fourth largest in Asia and the eighth largest on the planet when it comes to market capitalisation.

Solely four main nations have larger bad loans than India 28 Dec, 2017 01:21 PM IST​​The only nations with a higher NPA than India are Portugal, Italy, Eire & Greece. Unsure instances await Arab World and Indian interests in 2018 …


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Hong Kong’s economic system expanded by 3.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} yr-on-year in real phrases within the first three quarters of 2017, after growing by 2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016. High 12 excessive conviction inventory ideas to become profitable in 2018 28 Dec, 2017 12:21 PM ISTNew 12 months is expected to be a superb yr as outcomes of assorted coverage initiatives will begin to show. To name a number of, in December 2005, Hong Kong hosted the sixth session of the WTO ministerial convention the place a Hong Kong declaration was concluded. Volt Energy Group has announced it can purchase a stake in two Western Australian mining providers businesses for greater than $6 million, while also elevating $four.75 million by way of a share placement.

In January-September 2017, the worth of retail sales, in nominal terms, increased by zero.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} year-on-12 months, after the decline of eight.1{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} for 2016. On the other hand, the six industries which Hong Kong has clear benefits for additional growth are cultural and inventive, medical services, training services, innovation and technology, testing and certification providers and environmental industries, which collectively accounted for 8.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of GDP when it comes to value-added in 2015.

The Government will proactively promote Hong Kong as a …


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Hong Kong’s economy expanded by three.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} yr-on-12 months in actual terms in the first three quarters of 2017, after rising by 2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016. In January-September 2017, the value of retail sales, in nominal terms, elevated by 0.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} 12 months-on-yr, after the decline of eight.1{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} for 2016. Alternatively, the six industries which Hong Kong has clear advantages for further improvement are cultural and creative, medical companies, training companies, innovation and know-how, testing and certification providers and environmental industries, which together accounted for eight.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of GDP in terms of value-added in 2015.

As of December 2016, there were 11 licensed banks and 7 representative workplaces, included in the Chinese language mainland, operating in Hong Kong. In November 2014, Shanghai-Hong Kong Inventory Join was launched to establish mutual inventory market access between Hong Kong and Chinese language mainland, a major breakthrough in the opening of China’s capital markets.

Prime 12 high conviction inventory ideas to make money in 2018 28 Dec, 2017 12:21 PM ISTNew 12 months is anticipated to be an excellent 12 months as results of assorted policy initiatives will start to show. To name a number of, in December 2005, Hong Kong hosted the sixth session of the WTO …


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Connecting resolution makers to a dynamic community of information, folks and ideas, Bloomberg quickly and accurately delivers business and monetary info, information and perception world wide. Each will tackle new challenges in 2018 that make them among the many Chicago businesspeople worth watching. On 22 February 2017, the Monetary Secretary, Paul Chan, unveiled in the 2017-18 Funds numerous measures to strengthen the competitiveness of the Hong Kong financial system and make Hong Kong an much more liveable metropolis. Hong Kong is a vital banking and monetary centre in the Asia Pacific.

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Byrnecut govt chairman Steve Coughlan has slammed the state authorities’s resolution to crack down on payroll tax exemptions, saying his company will now not obtain the exemption for courses being undertaken by 1,200 workers. Turning to the port, the government has released findings of the Examine on the Strategic Growth …