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Business & Finance

Economic And Trade Information On Hong Kong

Hong Kong’s economic system expanded by 3.9% year-on-yr in real phrases in the first three quarters of 2017, after rising by 2% in 2016. Hong Kong is the most important source of abroad direct funding in the Chinese mainland. Hong Kong is a founding member of the World Commerce Group (WTO) and has been taking part actively in its activities. At present, all merchandise of Hong Kong origin, aside from a number of prohibited articles, can be imported into the mainland tariff free under CEPA.

Jio to buy RCom assets, 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 cash deal solely for pre-payment of debt to its lenders. The Government has set a aim to double the R&D expenditure as a percentage of GDP from zero.seventy three% to 1.5%. To bolster Hong Kong’s standing as a world monetary centre, the Government seeks to promote diversified development of the financial market.

Hong Kong is a extremely engaging marketplace for overseas direct funding (FDI). In the meantime, the Hong Kong part of the Guangzhou-Shenzhen-Hong Kong Specific Rail Link (XRL) might be 26-km long, operating from the terminus in West Kowloon to Shenzhen, Dongguan and Guangzhou with considerably decreased journey time. To avoid paying excess TDS submit tax saving proofs to your employer on time 26 Dec, 2017 04:18 PM ISTEmployees need to submit proof to back-up their funding declarations made earlier.

Western Australia’s domestic gasoline market is likely to have sufficient supply for the following decade if Chevron’s Gorgon domgas stage two proceeds on time and different replacement fields come on-line as anticipated, in keeping with the newest Australian Power Market Operator report. In line with the HKSAR government statistics, in 2016, fifty nine% of re-exports have been of China origin and 54% had been destined for the Chinese mainland.

CEOs in US, India earn the most compared with common staff 28 Dec, 2017 06:12 PM ISTCEOs of the most important publicly traded US cos averaged $14.three million in annual pay, more than double that of Canadians and 10 occasions higher than these in India. The federal government has also introduced the Railway Improvement Strategy 2014, offering a framework for planning the further enlargement of Hong Kong’s railway network up to 2031 to cover areas inhabited by about 75% of the entire inhabitants and about eighty five% of job opportunities.