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Connecting choice makers to a dynamic network of information, folks and ideas, Bloomberg quickly and accurately delivers business and monetary data, news and perception around the world. Whole loans provided by the authorised establishments to finance worldwide commerce and different loans to be used exterior Hong Kong totalled US$fifty eight.three billion and US$305.5 billion respectively. The Chinese language mainland, on the other hand, is a leading investor in Hong Kong. As Trump administration tightens visa guidelines, Indians turn to ‘Golden Visa’ route 28 Dec, 2017 06:54 AM ISTSince September 2015, there have been sustained efforts by the committee for US immigration to extend the minimum investment for EB-5 from $500,000 to $920,000.

Thereafter, the 2 sides broadened and enriched the content of CEPA, and signed ten Dietary supplements between 2004 and 2013, increasing market liberalisation and additional facilitating commerce and investment for the financial co-operation of the two locations. Upon completion of the railway, the travelling time from Hong Kong to Beijing and Shanghai will be shortened to about 10 and 8 hours respectively.

In January-September 2017, the worth of retail sales, in nominal phrases, increased by 0.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} year-on-yr, after the decline of eight.1{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} for 2016. However, the six industries which Hong Kong has clear advantages for further growth are cultural and artistic, medical providers, training companies, innovation and expertise, testing and certification companies and environmental industries, which together accounted for eight.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of GDP by way of worth-added in 2015.

In 2016, 27.6{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of Hong Kong’s complete exports to the Chinese mainland were associated to outward processing activities; the figures have been eleven.2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} for home exports and 27.7{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} for re-exports. Cumulative utilised capital influx from Hong Kong amounted to US$913.7 billion, accounting for fifty one.eight{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of the nationwide whole. In December 2016, Shenzhen-Hong Kong Stock Join, with similar programme principles and design, was launch to further facilitate two-method investment flows and consolidate Hong Kong’s improvement as the worldwide offshore RMB enterprise hub.

Every will take on new challenges in 2018 that make them among the Chicago businesspeople value watching. On 22 February 2017, the Financial Secretary, Paul Chan, unveiled in the 2017-18 Finances a number of measures to strengthen the competitiveness of the Hong Kong economy and make Hong Kong an much more habitable city. Hong Kong is a vital banking and financial centre within the Asia Pacific.