January - February 2011 <Text Only Version>
Hong Kong Ranked World's Freest Economy by The Heritage Foundation
Hong Kong is ranked the world’s freest economy for the 17th consecutive year in the "2011 Index of Economic Freedom," jointly published by The Heritage Foundation and The Wall Street Journal.
2011-12 Budget of Hong Kong
Hong Kong’s economy grew by 6.8 percent in real terms in 2010 but rising inflation loomed in 2011, Financial Secretary John C. Tsang revealed in his 2011-12 Budget speech.
New York Conference on Hong Kong as China's Global Financial Center
On March, 1, Under Secretary for Financial Services and the Treasury, Julia Leung, said that Hong Kong has a unique role in helping US-based financial services businesses grow in China and the rest of Asia.
Invest Hong Kong Sets 10-year Record
Invest Hong Kong (InvestHK) announced that the department has assisted 284 overseas and Mainland Chinese companies to set up or expand in Hong Kong in 2010.
Development of Renminbi Business in Hong Kong
In January, the Hong Kong Monetary Authority (HKMA) welcomed the announcement by the People’s Bank of China of a pilot program for the settlement of overseas direct investments in Renminbi (RMB).
HKIA Named among the World's Best Airports
Hong Kong International Airport (HKIA) has been named the world's best among airports serving more than 40 million passengers annually, for the fifth year in a row.
Sentry Petroleum's Long-term Growth Strategy Kicks Off in Hong Kong
US-based Sentry Petroleum Ltd. announced it has opened a corporate office in Hong Kong as the next step in its strategy to drill, certify and sell its Queensland assets overseas.
Hong Kong Customs Strengthens Cooperation with U.S. Consumer Product Safety Commission
On January 11, Hong Kong Customs and the United States Consumer Product Safety Commission pledged to strengthen cooperation in providing consumers with greater protection against unsafe products by signing a Memorandum of Understanding (MOU) concerning consumer product safety.
Hong Kong as the World's Capital Formation Center
Hong Kong remains the world’s largest fund-raising market, with about US$57 billion raised in 2010 – a record high, and up 79 percent on 2009, according to data released by accounting and audit firm PricewaterhouseCoopers (PwC).
Hong Kong as an Education Hub
Hong Kong announced its intention to become an education hub in 2006, with a major push to attract international students to its post-secondary institutions. Since then, the sector has seen the number of international students multiply, as visa restrictions eased, graduate jobs opened and scholarship schemes were introduced.
Study Finds Hong Kong World's Most Globalized Economy
Hong Kong is leading the world in the trend towards globalization, particularly in the exchange of goods, capital and labor. That’s the conclusion of a new study from the global advisory services firm Ernst & Young, in association with the Economist Intelligence Unit.
Tendering Exercise for EcoPark Launched
The Environmental Protection Department is inviting recycling operators with relevant experience and expertise to submit tenders for the leases of the first batch of six lots in the EcoPark Phase 2, Tuen Mun.
Foster + Partners Selected for West Kowloon Arts Hub
The Board of West Kowloon Cultural District Authority (WKCDA) selected City Park designed by Foster + Partners as the preferred option for the development of the future arts and culture hub.
HKIA Enjoys Record Breaking Year in 2010
Hong Kong International Airport (HKIA) announced it has set new annual records in each of its three traffic categories in 2010. During the year, passenger traffic grew to 50.9 million, a 10.3 percent increase over 2009; cargo increased 23.4 percent to 4.1 million tonnes; and air traffic movements rose 9.7 percent to 306,535.
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
To subscribe or unsubscribe, please send an e-mail to hketo@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