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March 4, 2017
Hong Kong’s economic system expanded by three.9% 12 months-on-yr in actual phrases in the first three quarters of 2017, after growing by 2% in 2016. Solely The Australian provides exclusive content material from The Wall Avenue Journal, MarketWatch, The Occasions and Dow Jones Newswires along with expert commentary from main business journalists. The funding expenditure elevated by three.7% year-on-yr for the first three quarters of 2017, after the marginal decline of 0.three% for 2016. Hong Kong’s trade performance is in part affected by outward processing activities in Guangdong where nearly all of Hong Kong firms have extended their manufacturing base.
The Mainland-Hong Kong Closer Financial Partnership Association (CEPA) was firstly concluded in 2003. In December 2014, the Settlement between the Mainland and Hong Kong on Attaining Primary Liberalisation of Trade in Providers in Guangdong (Guangdong Settlement) was signed underneath the framework of CEPA, enabling early realisation of primary liberalisation of commerce in companies with Hong Kong in Guangdong.
Since 1993, mainland firms have raised more than US$500 billion by way of stock offerings in Hong Kong. It could appear early, but UP BJP already in battle mode for 2019 28 Dec, 2017 06:09 AM ISTNo stone is being left unturned to ensure the 2019 is glitch-free and BJP is taking UP cooperative polls seriously to make sure its equipment remains effectively-oiled.
As to the external sector, the growth of exports of products accelerated to six.7% yr-on-year for the primary three quarters of 2017, from 1.eight% for 2016; whereas exports of providers additionally elevated by 3% 12 months-on-12 months for the first three quarters of 2017, after the decline of three.2% for 2016. As at end-2016, there have been 195 authorised institutions and fifty four representative places of work in Hong Kong.
These include inspecting facilitation measures to support the growth in transhipment, cross-boundary e-commerce and high worth-added air cargo enterprise in Hong Kong; exploring with the Chinese language authorities methods to open up extra channels for two-means cross-border RMB fund flows and two-way participation of buyers in the bond market; providing funding for universities and industry to conduct research and improvement activities and to support start-ups; and striving to additional improve air quality, water quality, inexperienced and blue assets and waste administration.