Inquirer Business

Connecting resolution makers to a dynamic community of information, folks and ideas, Bloomberg quickly and accurately delivers business and monetary info, information and perception world wide. Each will tackle new challenges in 2018 that make them among the many Chicago businesspeople worth watching. On 22 February 2017, the Monetary Secretary, Paul Chan, unveiled in the 2017-18 Funds numerous measures to strengthen the competitiveness of the Hong Kong financial system and make Hong Kong an much more liveable metropolis. Hong Kong is a vital banking and monetary centre in the Asia Pacific.

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Byrnecut govt chairman Steve Coughlan has slammed the state authorities’s resolution to crack down on payroll tax exemptions, saying his company will now not obtain the exemption for courses being undertaken by 1,200 workers. Turning to the port, the government has released findings of the Examine on the Strategic Growth Plan for Hong Kong Port 2030 and the Preliminary Feasibility Research for Container Terminal 10 at Southwest Tsing Yi. The findings reveal that container throughput in Hong Kong will continue to see development in the coming years.

Since the introduction of the Pilot RMB Commerce Settlement Scheme by the Central Authorities in July 2009, Hong Kong has succeeded in expanding its RMB business by offering a lot of RMB-denominated monetary products and services, together with trade finance, stocks, bonds and funds. As on the end of December 2016, Hong Kong’s inventory market ranked the fourth largest in Asia and the eighth largest in the world when it comes to market capitalisation.

It supplies business news articles on the Florida economic system, Tampa Bay enterprise and market news. Large lenders together with the Financial institution of China, Industrial and Commercial Bank of China, Agricultural Financial institution of China and China Building Financial institution have opened their department operations in Hong Kong. As of December 2016, 1,002 mainland companies had been listed in Hong Kong, comprising H-share, red-chip and private corporations with total market capitalisation of round US$2 trillion, or 63{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of the market complete.