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Hong Kong’s financial system expanded by three.9% year-on-yr in real terms in the first three quarters of 2017, after rising by 2% in 2016. In response to an enhancing global trade atmosphere, Hong Kong’s export efficiency has been above par up to now since 2017. By the end of 2016, amongst all of the overseas-funded tasks accredited in the Chinese language Mainland, 44.7% were tied to Hong Kong interests. Because the debut of the scheme, banks in Hong Kong had handled RMB commerce settlement totalling RMB21 trillion as of October 2015, which represented some 70% of the world’s complete.

Thereafter, the 2 sides broadened and enriched the content material of CEPA, and signed ten Dietary supplements between 2004 and 2013, increasing market liberalisation and additional facilitating trade and funding for the financial co-operation of the 2 places. Upon completion of the railway, the travelling time from Hong Kong to Beijing and Shanghai might be shortened to about 10 and eight hours respectively.

View: Worry not over FRDI invoice, it is simply undue worry fanning mass hysteria 27 Dec, 2017 09:02 AM ISTLet us understand that what the FRDI Invoice proposes is to reinforce the diploma of security unusual people’s financial savings have at current, not take away from it. In 2016, a complete of fifty six.7 million guests, equal to 7.7 times of the dimensions of Hong Kong’s local population, were recorded, with those from the Chinese language mainland accounting for 76% of the full.

CEOs in US, India earn essentially the most in contrast with common employees 28 Dec, 2017 06:12 PM ISTCEOs of the largest publicly traded US cos averaged $14.three million in annual pay, greater than double that of Canadians and 10 instances better than those in India. The government has additionally introduced the Railway Improvement Strategy 2014, providing a framework for planning the additional expansion of Hong Kong’s railway network as much as 2031 to cowl areas inhabited by about 75% of the overall inhabitants and about eighty five% of job opportunities.

In January-October 2017, Hong Kong’s major export markets were the Chinese language mainland, the EU, the US, ASEAN, India and Japan, which respectively made up fifty four%, eight.9%, eight.6%, 7.four%, four.1% and 3.3% of Hong Kong’s complete exports; adjustments in exports to the above markets have been +9%, +4.three%, +0.4%, +9.5%, +35.1% and +9.5%, respectively.