March - April 2011 <Text Only Version>
Strong Rebound for FDI Inflows to Hong Kong
The latest 2010 full year foreign direct investment (FDI) figures for Hong Kong saw a sharp increase of 32 percent year-on-year, registering a record FDI inflow of HK$535.3 billion (US$68.6 billion). Hong Kong’s FDI stock valued at the end of 2010 reached HK$8.5 trillion (US$1.08 trillion), also representing a significant increase of 17.5 percent year-on-year.
Hong Kong International Airport Staying on Top
Since opening in 1998, the Hong Kong International Airport (HKIA) has consistently been the world’s number-one airport in terms of international cargo. Now it holds the mantle of busiest cargo airport overall. A record 23 percent growth in 2010 has seen the HKIA overtake Memphis International Airport, the home of FedEx, which was number one for 18 years.
HKIA Wins Skytrax's "World's Best Airport" Award 2011
In March, the Hong Kong International Airport (HKIA) was honored once again at a ceremony held in Copenhagen as the “world’s best airport” in the annual passenger survey by Skytrax, a London-based air transport research organization.
Hong Kong, Portugal and Spain Sign Tax Pacts
In the past two months, Hong Kong has signed separate agreements with Portugal and Spain for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Creating an International Renminbi Business Center
Having engineered such a large economy, China is now focused on developing its domestic financial system, which includes reforming and liberalizing its capital account. In the process, creating an offshore Renminbi market in Hong Kong, with its sound banking system and mature, well-developed financial infrastructure, makes sense.
Azores Corp Opens Regional Headquarters in Hong Kong
US-based Azores Corp celebrated the official opening of its regional headquarters in Hong Kong. Located inside the Hong Kong Science and Technology Parks (HKSTP), Azores Asia Ltd will provide service support and develop application software for its clients in the region.
Charging Network for Electric Vehicles Expanded
On March 15, the government announced that the charging network for electric vehicles (EVs) has been expanded to cover all 18 districts in Hong Kong.
Asia's Culinary Capital
Hong Kong's restaurant industry is going great guns, thanks to a buoyant economy, at home and on the Chinese Mainland, with new outlets and operators springing up like the latest gourmet fungi.
WHO Holds Technical Meeting on Classification of Traditional Medicine
In March, about 50 experts from the World Health Organization (WHO) and six countries including Australia, China, Korea, Japan, the Netherlands and the United States joined local experts in a six-day meeting to further discuss and develop the International Classification of Traditional Medicine (ICTM) project.
Healing Hands
At the Hong Kong University of Science and Technology (HKUST), the breakthrough discoveries of the research team led by Professor Nancy Ip, one of Hong Kong’s most distinguished scientists, bring hope to sufferers of Alzheimer’s and Parkinson’s disease.
Results of the Hong Kong PhD Fellowship Scheme 2011/12 Announced
The Research Grants Council (RGC) announced the results of the Hong Kong PhD Fellowship Scheme 2011/12. One hundred and twenty-five elite candidates from 19 countries/regions have accepted offers in the second round of the program.
Hong Kong Harvest
Having wowed the Hong Kong dining scene with three successful restaurants, American culinary entrepreneur Todd Darling last year opened a business close to his heart.
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