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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 ministerial convention where a Hong Kong declaration was concluded. Volt Power Group has announced it would purchase a stake in two Western Australian mining providers businesses for more than $6 million, while also raising $four.75 million by way of a share placement.

Hong Kong is the most important supply of overseas direct funding within the Chinese language mainland. Hong Kong is a founding member of the World Trade Group (WTO) and has been taking part actively in its actions. At present, all merchandise of Hong Kong origin, aside from a few prohibited articles, may be imported into the mainland tariff free under CEPA.

RMB deposits in Hong Kong, excluding RMB certificates of deposits, totalled RMB628 billion as of November 2016, greater than tenfold the extent seen in July 2009. In response to the UNCTAD World Funding Report 2017, international FDI inflows to Hong Kong amounted to US$108 billion in 2016, ranked fourth globally, behind only the Chinese mainland (US$134 billion) in Asia.