Harvard Business Evaluation
June 29, 2017
Hong Kong’s economy expanded by three.9% year-on-12 months in actual terms within the first three quarters of 2017, after rising by 2% in 2016. Solely The Australian offers unique content from The Wall Street Journal, MarketWatch, The Occasions and Dow Jones Newswires along with knowledgeable commentary from main trade journalists. The funding expenditure elevated by three.7% year-on-12 months for the first three quarters of 2017, after the marginal decline of zero.three% for 2016. Hong Kong’s commerce performance is in part affected by outward processing actions in Guangdong where nearly all of Hong Kong corporations have extended their manufacturing base.
Each will tackle new challenges in 2018 that make them among the many Chicago businesspeople price watching. On 22 February 2017, the Financial Secretary, Paul Chan, unveiled in the 2017-18 Budget quite a few measures to strengthen the competitiveness of the Hong Kong economic system and make Hong Kong an much more habitable metropolis. Hong Kong is a vital banking and monetary centre within the Asia Pacific.
As to the external sector, the expansion of exports of products accelerated to six.7% year-on-12 months for the primary three quarters of 2017, from 1.8% for 2016; whereas exports of services also increased by 3% year-on-year for the primary three quarters of 2017, after the decline of 3.2% for 2016. As at end-2016, there were 195 authorised establishments and 54 consultant offices in Hong Kong.
Based on China’s Customs statistics, Hong Kong is the second largest buying and selling companion of the Chinese language mainland after the US, accounting for 8.three% of its complete commerce in 2016. How FRDI bill can save failing banks without touching your deposits 28 Dec, 2017 03:34 PM ISTThe finest method out is to amend the bill to particularly exclude deposits from the liabilities that the Decision Corporation could choose for bail-in.
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