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Hong Kong’s economy expanded by 3.9{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} 12 months-on-year in actual terms in the first three quarters of 2017, after rising by 2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016. IT companies formed cartel to maintain entry-stage salary low: TELEVISION Mohandas Pai 27 Dec, 2017 07:44 PM ISTPai stated that within the last 7 years, the salaries of freshers in the trade have stayed stagnant, while the identical for senior-degree employees have grown. Hong Kong service suppliers get pleasure from preferential therapy in entering into the mainland market in varied service areas.

Because the introduction of the Pilot RMB Commerce Settlement Scheme by the Central Government in July 2009, Hong Kong has succeeded in expanding its RMB enterprise by offering a number of RMB-denominated financial products and services, together with trade finance, shares, bonds and funds. As on the end of December 2016, Hong Kong’s stock market ranked the fourth largest in Asia and the eighth largest on the planet when it comes to market capitalisation.

Solely four main nations have larger bad loans than India 28 Dec, 2017 01:21 PM IST​​The only nations with a higher NPA than India are Portugal, Italy, Eire & Greece. Unsure instances await Arab World and Indian interests in 2018 27 Dec, 2017 12:55 PM ISTPolitical developments in the Gulf, deteriorating Saudi-Iran ties and competing world pursuits require deft dealing with of India’s outreach to the Arab world.

As of December 2016, there have been 11 licensed banks and seven representative offices, integrated in the Chinese mainland, working in Hong Kong. In November 2014, Shanghai-Hong Kong Stock Join was launched to establish mutual stock market entry between Hong Kong and Chinese mainland, a major breakthrough in the opening of China’s capital markets.

In January-September 2017, customer arrivals to Hong Kong elevated by 2.2{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} yr-on-yr, after dropping by 4.5{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016; these from the Chinese language mainland increased 2.5{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} year-on-year, after falling by 6.7{7143ab0b10b0ef05380a2e74f1246b61aba7befb98d321b1bd2bb7ed2177100e} in 2016. 24-hour power for all by March 2019, says Modi authorities 28 Dec, 2017 01:07 PM ISTBy December 2018, 1,694 villages, which are yet to be electrified, could have electricity connection and works in this regard has been happening.