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Hong Kong’s economic system expanded by 3.9% yr-on-year in real terms in the first three quarters of 2017, after growing by 2% in 2016. For the first three quarters of 2017 taken together, the Hong Kong economic system grew by three.9% 12 months-on-12 months in real terms, from 2% for 2016. Hong Kong is a favourite place on this planet to do business and host main conferences. Toyota official red-flags electric vehicle push in India 28 Dec, 2017 07:16 PM ISTShekar Viswanathan, vice-chairman and wholetime director at Toyota Kirloksar Motor, stated shoppers needs to be given freedom to make a logical choice.

In 2016, 27.6% of Hong Kong’s whole exports to the Chinese language mainland had been associated to outward processing activities; the figures were eleven.2% for home exports and 27.7% for re-exports. Cumulative utilised capital influx from Hong Kong amounted to US$913.7 billion, accounting for 51.8% of the nationwide complete. In December 2016, Shenzhen-Hong Kong Stock Connect, with related programme ideas and design, was launch to further facilitate two-approach investment flows and consolidate Hong Kong’s improvement as the worldwide offshore RMB business hub.

It gives enterprise news articles on the Florida economy, Tampa Bay enterprise and market information. Large lenders together with the Financial institution of China, Industrial and Industrial Financial institution of China, Agricultural Financial institution of China and China Construction Financial institution have opened their department operations in Hong Kong. As of December 2016, 1,002 mainland companies were listed in Hong Kong, comprising H-share, crimson-chip and private firms with complete market capitalisation of around US$2 trillion, or sixty three% of the market complete.

In keeping with China’s Customs statistics, Hong Kong is the second largest buying and selling partner of the Chinese mainland after the US, accounting for eight.3% of its total commerce in 2016. How FRDI bill can save failing banks with out touching your deposits 28 Dec, 2017 03:34 PM ISTThe greatest method out is to amend the invoice to particularly exclude deposits from the liabilities that the Decision Company might choose for bail-in.

Whole loans supplied by the authorised institutions to finance international commerce and other loans for use exterior Hong Kong totalled US$fifty eight.3 billion and US$305.5 billion respectively. The Chinese language mainland, on the other hand, is a number one investor in Hong Kong. As Trump administration tightens visa guidelines, Indians turn to ‘Golden Visa’ route 28 Dec, 2017 06:54 AM ISTSince September 2015, there have been sustained efforts by the committee for US immigration to increase the minimal funding for EB-5 from $500,000 to $920,000.