May - June 2010 <Text Only Version>
Washington Office Welcomes New Director-General
On August 2, Mr. Bassanio So took up the post of Director-General of the Hong Kong Economic and Trade Office in Washington, D.C.
Consent Signed for Draft Basic Law Amendments
On June 29, Chief Executive Donald Tsang signed instruments of consent at Government House giving consent to the draft amendments to Annexes I and II to the Basic Law, Hong Kong’s mini-constitution, concerning the methods of selecting the Chief Executive and forming the Legislative Council.
Wine Deal Signed with U.S. States / Wine Trade Boosts Hong Kong's Appeal
Hong Kong has signed a Memorandum of Understanding on Cooperation in wine-related businesses with the states of Oregon and Washington.
The fantastic strength of the Asian market for fine and rare wines was left in no doubt at the record-breaking May auction held by Acker Merrall & Condit.
Hong Kong Pavilion Draws Crowds at World Expo 2010 Shanghai China
Hong Kong Pavilion at World Expo 2010 Shanghai China featured a variety of exhibitions from fashion and creative design to green transport systems.
Further Economic and Trade Cooperation and Exchanges under CEPA
The Hong Kong Special Administrative Region government and the Central People's Government reached agreement on further liberalizing trade in services and enhancing cooperation in trade and investment facilitation under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA).
Pushing the Free Trade Agenda
More than 400 business leaders from around the world took part in this year’s ICC World Business Summit. Organized by the International Chamber of Commerce (ICC) and the Hong Kong Trade Development Council, the June 30 event at the Hong Kong Convention and Exhibition Centre attracted some of the leading lights in international business and economics.
Hong Kong Benefits from Flow of Foreign Direct Investment into Asia
On June 22, Chief Executive Donald Tsang hosted a reception to thank the foreign investors whose presence in Hong Kong is a testimony to its position as Asia’s international business and finance center. The reception, attended by about 300 executives, is an annual event to welcome overseas, Mainland of China and Taiwanese companies that have set up or expanded in Hong Kong during the past year.
Hong Kong International Airport Named Most Efficient Asia-Pacific Airport
Hong Kong International Airport has been named the most efficient airport in Asia-Pacific for the fourth time in a row. The airport received its fourth “Asia-Pacific Airport Efficiency Excellence Award” from the Air Transport Research Society at the 2010 ATRS World Conference in Porto, Portugal.
Assuring Future Growth in Insurance Market
The global insurance market is tipped to reach US$4.6 trillion in two years, according to global research provider Datamonitor. It’s a trend reflected in Hong Kong’s buoyant recruitment market.
Fourth Meeting of Shenzhen/Hong Kong Cooperation in Innovation and Technology Steering Group
On June 25, the fourth meeting of the Steering Group on Shenzhen/Hong Kong Cooperation in Innovation and Technology was held in Hong Kong. The two sides reviewed in the meeting the progress of work since the third meeting, and examined the first-year operation of the three-year action plan under the Shenzhen/Hong Kong Innovation Circle.
Legislative Council Passes Deposit Protection Scheme (Amendment) Bill 2010
The Secretary for Financial Services and the Treasury, Professor K C Chan, welcomed the passage of the Deposit Protection Scheme (Amendment) Bill 2010 by the Legislative Council. With the passage of the bill, depositors in Hong Kong can benefit from an enhanced Deposit Protection Scheme (DPS) upon the expiry of the full deposit guarantee by the end of this year.
Facilitating Use of Electric Vehicles
The Hong Kong government has partnered with HK Electric to launch two charging stations for electric vehicles (EVs) at the government car parks at Star Ferry and Tin Hau on Hong Kong Island.
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