Connecting decision makers to a dynamic network of knowledge, people and ideas, Bloomberg rapidly and accurately delivers business and monetary data, information and insight world wide. As of December 2016, there have been 11 licensed banks and 7 consultant places of work, included within the Chinese language mainland, operating in Hong Kong. In November 2014, Shanghai-Hong Kong Inventory Join was launched to determine mutual inventory market access between Hong Kong and Chinese mainland, a big breakthrough in the opening of China’s capital markets.
Since the introduction of the Pilot RMB Trade Settlement Scheme by the Central Government in July 2009, Hong Kong has succeeded in expanding its RMB business by offering plenty of RMB-denominated monetary services, including trade finance, shares, bonds and funds. As at the finish of December 2016, Hong Kong’s stock market ranked the fourth largest in Asia and the eighth largest on this planet by way of market capitalisation.
Since 1993, mainland companies have raised more than US$500 billion through stock offerings in Hong Kong. It may seem early, however UP BJP already in battle mode for 2019 28 Dec, 2017 06:09 AM ISTNo stone is being left unturned to make sure the 2019 is glitch-free and BJP is taking UP cooperative polls critically to ensure its machinery stays effectively-oiled.
Within the latest round of evaluation in November 2017, the Government forecasted Hong Kong’s economic progress for 2017 as a whole at 3.7%, higher than the mid-point of the range forecast of three-four% announced in the August spherical. Hong Kong’s merchandise exports elevated eight.three% year-on-12 months in January-October 2017, after a marginal lower of zero.5% in 2016.
More importantly, it’ll develop into a part of the sixteen,000 km nationwide high-speed rail community now being developed in full steam, fostering closer economic ties between Hong Kong and the mainland. Electrical vehicles will usher in a brave new world in India in 2018 28 Dec, 2017 09:59 AM ISTIt will likely be a momentous year in Indian historical past as the government — normally seen to be lagging in new tendencies — will probably be making a brand new starting by acquiring a fleet of e-automobiles.