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January 2007 <Text Only Version> Hong Kong Remains World's Freest Economy for 13th Consecutive Year Hong Kong has been ranked as the world's freest economy by the Heritage Foundation and The Wall Street Journal for the 13th consecutive year in the 2007 Index of Economic Freedom. Appointment of Hong Kong SAR Representative to WTO On January 19, 2007, the Hong Kong Special Administrative Region Government announced that Deputy Secretary for Financial Services and the Treasury (Treasury), Martin Glass, would take up the post of Permanent Representative of the Hong Kong Special Administrative Region of China to the World Trade Organization. Positive Results for Investment Promotion in Hong Kong During 2006 At a year-end press conference held on January 9, 2007, the Director-General of Investment Promotion at Invest Hong Kong, Mike Rowse, announced that the department assisted 246 overseas, Mainland China and Taiwan companies to set up or expand operations in Hong Kong during 2006 – representing a healthy growth of 6 percent over 2005, itself a record year. Hong Kong and Shenzhen Promote Investment Opportunities to U.S. Investors On January 17, 2007, U.S. investors attended the investment promotion event, "Hong Kong and Shenzhen: Your Winning Formula in China," held at The Ronald Reagan Building and International Trade Center in Washington, D.C. U.S. Office Furniture Maker Targets China Market through Hong Kong Base After the acquisition of Hong Kong-based Lamex in March 2006, U.S.-based office furniture manufacturer HNI Corporation announced on January 16, 2007, the grand opening of its Lamex flagship showroom in North Point, Hong Kong. Healthier Living ThreeSixty, an environmentally and socially responsible food company located in the prestigious shopping center, The Landmark in Central, provides Hong Kong's largest range of natural and organic fresh produce, packaged groceries and "green" household goods, sourced from traditional artisans and producers from around the world. Momentum Builds at Asia's Top Trade Fair Hub The opening of the city's second major venue, AsiaWorld-Expo, removed an infrastructure bottleneck and brought about 20 new events to Hong Kong in 2006. Luxury Brands' Window to Mainland China The line-up of prestigious brand names positioning themselves in Hong Kong reads like a who's who of style, with Hong Kong now boasting more stores per luxury brand than London, New York or Paris. Triple Treat for Movie Fans Three events – Hong Kong International Film Festival (HKIFF), International Film & TV Market (FILMART) and the Hong Kong-Asia Film Financing Forum (HAF) - will, for the first time, open simultaneously in the city. Wine Enthusiast Establishes Presence in Hong Kong CPA-turned wine educator, Debra Meiburg, taps wine enthusiasts' obsession 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
For questions or comments, please email to hketo@hketowashington.gov.hk To subscribe, please email to: subscribe@hketowashington.gov.hk To unsubscribe, please email to: unsubscribe@hketowashington.gov.hk Copyright @ 2003, Hong Kong Economic and Trade Office in Washington D.C. |
Hot Topics: Useful Links: Hong Kong Government Information Center Hong Kong Trade Development Council
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