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Hong Kong’s financial system expanded by 3.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} 12 months-on-yr in real terms within the first three quarters of 2017, after rising by 2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016. As of December 2016, there were 11 licensed banks and 7 representative workplaces, integrated within the Chinese mainland, working in Hong Kong. In November 2014, Shanghai-Hong Kong Stock Connect was launched to determine mutual stock market access between Hong Kong and Chinese language mainland, a major breakthrough within the opening of China’s capital markets.

CEOs in US, India earn probably the most in contrast with common employees 28 Dec, 2017 06:12 PM ISTCEOs of the biggest publicly traded US cos averaged $14.three million in annual pay, greater than double that of Canadians and 10 times larger than those in India. The government has additionally introduced the Railway Improvement Strategy 2014, providing a framework for planning the additional growth of Hong Kong’s railway network up to 2031 to cover areas inhabited by about 75{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of the full inhabitants and about eighty five{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} of job opportunities.

The Mainland-Hong Kong Nearer Economic Partnership Association (CEPA) was firstly concluded in 2003. In December 2014, the Settlement between the Mainland and Hong Kong on Reaching Basic Liberalisation of Trade in Companies in Guangdong (Guangdong Settlement) was signed below the framework of CEPA, enabling early realisation of fundamental liberalisation of trade in providers with Hong Kong in Guangdong.

The Authorities will proactively promote Hong Kong as a world authorized and dispute decision services centre and encourage the co-operation between the legal sectors of Hong Kong and the Bay Space. Hong Kong can also be a key offshore capital-raising centre for Chinese language enterprises. There were 1,973 companies listed on HKEx, together with 260 corporations on the Progress Enterprise Market and the total market capitalisation of Hong Kong’s inventory market reached US$3.17 trillion.

More importantly, it would grow to be part of the sixteen,000 km national high-pace rail network now being developed in full steam, fostering closer economic ties between Hong Kong and the mainland. Electric vehicles will usher in a brave new world in India in 2018 28 Dec, 2017 09:fifty nine AM ISTIt will likely be a momentous yr in Indian history as the government — normally seen to be lagging in new tendencies — shall be making a new starting by acquiring a fleet of e-cars.