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Hong Kong’s economic system expanded by 3.9% yr-on-year in real phrases within the first three quarters of 2017, after growing by 2% in 2016. High 12 excessive conviction inventory ideas to become profitable in 2018 28 Dec, 2017 12:21 PM ISTNew 12 months is expected to be a superb yr as outcomes of assorted coverage initiatives will begin to show. To name a number of, in December 2005, Hong Kong hosted the sixth session of the WTO ministerial convention the place a Hong Kong declaration was concluded. Volt Energy Group has announced it can purchase a stake in two Western Australian mining providers businesses for greater than $6 million, while also elevating $four.75 million by way of a share placement.

In January-September 2017, the worth of retail sales, in nominal terms, increased by zero.9% year-on-12 months, after the decline of eight.1% for 2016. On the other hand, the six industries which Hong Kong has clear benefits for additional growth are cultural and inventive, medical services, training services, innovation and technology, testing and certification providers and environmental industries, which collectively accounted for 8.9% of GDP when it comes to value-added in 2015.

The Government will proactively promote Hong Kong as a global authorized and dispute resolution companies centre and encourage the co-operation between the legal sectors of Hong Kong and the Bay Area. Hong Kong can be a key offshore capital-raising centre for Chinese enterprises. There were 1,973 firms listed on HKEx, together with 260 firms on the Development Enterprise Market and the entire market capitalisation of Hong Kong’s stock market reached US$three.17 trillion.

Since 1993, mainland companies have raised greater than US$500 billion by way of stock offerings in Hong Kong. It might appear early, however UP BJP already in battle mode for 2019 28 Dec, 2017 06:09 AM ISTNo stone is being left unturned to make sure the 2019 is glitch-free and BJP is taking UP cooperative polls critically to make sure its machinery stays effectively-oiled.

In 2016, 27.6% of Hong Kong’s whole exports to the Chinese language mainland were related to outward processing activities; the figures were eleven.2% for domestic exports and 27.7% for re-exports. Cumulative utilised capital influx from Hong Kong amounted to US$913.7 billion, accounting for 51.eight% of the national total. In December 2016, Shenzhen-Hong Kong Inventory Join, with comparable programme principles and design, was launch to further facilitate two-method investment flows and consolidate Hong Kong’s development as the global offshore RMB enterprise hub.