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February 2008 <Text Only Version> Financial Secretary Unveils Tax Cuts, Concessions in 2008-2009 Budget On February 27, Financial Secretary John C. Tsang unveiled a package of initiatives and concessions to help the disadvantaged, enhance Hong Kong's competitiveness and ensure sustainable development. IMF Supports Policies to Maintain Linked Exchange Rate and Promote City as an International Financial Center In its Staff Report on Hong Kong, released February 4, the International Monetary Fund (IMF) reiterates its support for the Hong Kong authorities' commitment to the Linked Exchange Rate System (LERS) and recognizes the Hong Kong Special Administrative Region government's efforts in furthering Hong Kong's role as an international financial center. Government Boosts Public Respect for Intellectual Property Rights The Hong Kong government is committed to protecting intellectual property rights (IPRs) through legislation, law enforcement action and civic education to increase public respect for creativity and protection of copyright works. Leading Global Provider of Talent Acquisition and Retention Solutions Expands in Hong Kong Kenexa Corporation, a leading end-to-end provider of software, proprietary content, services and process outsourcing that enables organizations to recruit and retain a productive workforce, has expanded its operations to Hong Kong. Hong Kong First Stop on Chinese Soil for Beijing 2008 Olympic Torch Relay The spirit of the Olympic Games will radiate throughout Hong Kong when the Olympic flame arrives in the territory on April 30 and the Olympic Torch Relay is held on May 2. Viewpoint: Relationship Between Developed and Emerging Markets Viewpoint column by Joseph Yam, Chief Executive of the Hong Kong Monetary Authority, on how emerging markets are not yet immune from developments in the developed economies. Pearl River Delta Regional Air Quality Management Plan Mid-term Review Report On January 8, the Environmental Protection Department (EPD) of the Hong Kong Special Administrative Region and the Environmental Protection Bureau of Guangdong Province (GDEPB) announced the findings of the report on the Mid-term Review of the Pearl River Delta (PRD) Regional Air Quality Management Plan (the Mid-term Review). Hong Kong: The Door is Open As the world's freest economy, Hong Kong has a liberal immigration regime. As such, a number of avenues are open to people interested in living, studying or working in Hong Kong. HONG KONG ECONOMIC AND TRADE OFFICE IN WASHINGTON D.C. 1520 18th Street, N.W., Washington, DC 20036 Tel: (202)331-8947 Fax: (202)331-8958
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