January- February 2010
Hong Kong Ranked World's Freest Economy for 16th Consecutive Year
Hong Kong is ranked the world’s freest economy for the 16th consecutive year in the 2010 Index of Economic Freedom, jointly published by The Heritage Foundation and The Wall Street Journal.
Financial Secretary Unveils Budget Measures to Boost Recovery
In February, the Financial Secretary, John C. Tsang, announced in his annual budget a series of measures to build on Hong Kong’s economic recovery from the global financial crisis. Mr. Tsang also unveiled initiatives to stabilize the property market and develop six priority industries.
Financial Leaders Share Insights on New Global Landscape at Asian Financial Forum
In January, more than 60 of the world’s leading business, finance and regulatory players, as well as government officials, shared their insights on the new financial landscape at the two-day Asian Financial Forum in Hong Kong.
Government Proposes Establishment of Investor Education Council and Financial Dispute Resolution Centre
In February, the Secretary for Financial Services and the Treasury, Professor K. C. Chan, said the Financial Services and the Treasury Bureau had published a consultation document on the “Proposed Establishment of an Investor Education Council and a Financial Dispute Resolution Centre.” He invited the public and relevant professions to submit their views during the three-month consultation period, which will end May 8, 2010.
Hong Kong and Shanghai Sign MOU to Advance Financial Cooperation
In January, the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region government and the Shanghai Municipal Government Financial Services Office signed a Memorandum of Understanding (MOU) concerning advancing Hong Kong-Shanghai financial cooperation (MOU).
Hong Kong and the Mainland of China Sign Agreement on Customs Facilitation Measures for Wine
On February 9, Hong Kong and the Mainland of China signed a cooperation agreement on customs facilitation measures for wine entering the Mainland market through Hong Kong.
Fusion Trade Inc. Expands its Business in Hong Kong
In February, Andover, Massachusetts-based Fusion Trade Inc. (Fusion Trade), an independent distributor of electronic components, announced its business expansion in Hong Kong. The company procures, warehouses and distributes electronic components to original equipment and contract manufacturers (OEMs and CMs) worldwide.
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