November - December 2011 <Text Only Version>
Hong Kong Chief Executive Visits Washington -- Attends APEC Economic Leaders' Meeting in Hawaii
In November, the Chief Executive of the Hong Kong Special Administrative Region, Donald Tsang, visited Washington, D.C. where he met with leading policy makers and spoke at a luncheon co-hosted by The Brookings Institution and the Hong Kong Economic and Trade Office.
Hong Kong Tops the WEF's Financial Development Report 2011
Hong Kong tops the World Economic Forum’s (WEF) Financial Development Report 2011 for the first time, up from fourth in 2010. According to the WEF Financial Development Report, Hong Kong has overtaken the United States and the United Kingdom to take the top spot with a score of 5.16 on a scale of 1 to 7.
Direct Investment Rises in 2010
At the end of 2010, the stock of Hong Kong’s inward direct investment (DI) grew 16.7 percent from a year earlier to US$1,086.3 billion at market value, according to 2010 statistics released December 9 by the Census and Statistics Department of the Hong Kong Special Administrative Region government.
Supplement VIII of CEPA Deepens Liberalization of Trade in Services
The Hong Kong Special Administrative Region government (HKSARG) and the Central People’s Government reached agreement on the enhancement of economic and trade cooperation and exchanges between the two places under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA).
IMF Strongly Endorses Hong Kong's Linked Exchange Rate System
An International Monetary Fund (IMF) Staff Mission to Hong Kong has given a strong endorsement of the Linked Exchange Rate system and the Hong Kong Special Administrative Region government’s policy framework to support growth and safeguard financial stability.
Hong Kong-Zhuhai-Macao Bridge Infrastructure Projects Commence
On December 14, Hong Kong Chief Executive Donald Tsang officiated at a ceremony launching the Hong Kong Boundary Crossing Facilities (HKBCF) of the future Hong Kong-Zhuhai-Macao Bridge (HZMB). The project is a significant step toward further economic integration and development among Hong Kong, the Western Pearl River Delta and Macao.
Hong Kong Wins Nine Best Airport Awards Since Beginning of the Year
Hong Kong International Airport’s (HKIA) dedication to providing outstanding passenger service has been recognized again, as HKIA earned another two prestigious international acclaims in November.
Agreement on Intellectual Property Cooperation
On November 16, the Intellectual Property Department of the Hong Kong Special Administrative Region government (IPD) and the State Intellectual Property Office (SIPO) and signed their first agreement in Hong Kong to strengthen cooperation in the area of intellectual property.
Innovation and Technology Key to Sustaining Hong Kong's Competitiveness
Innovation and technology, one of Hong Kong’s six industries for priority development being nurtured by the Hong Kong Special Administrative Region government, is the most effective tool for sustaining the competitiveness of Hong Kong’s companies and economy, Hong Kong Financial Secretary, John C. Tsang, said.
Hong Kong Government Holds Seminar on Renminbi Measures
On December 14, Mainland officials explained to Hong Kong’s business and financial sectors the specific arrangements for Renminbi (RMB) foreign direct investment at the "Seminar on Implementation of Central Government’s Measures to Support the Financial Development of Hong Kong." Participants also took the opportunity to exchange views on RMB investment products.
Magnet for Asset Managers and Private Banking Professionals
Hong Kong’s financial services scene may appear to be dominated by the world’s largest banks and investment firms but look beyond the major players and you’ll see thousands of smaller companies identifying and adapting to the opportunities that Hong Kong’s growing status as an asset and wealth management center brings.
Hong Kong Economic and Trade Office Welcomes New Colleague
Bill Wong has joined the Hong Kong Economic and Trade Office in Washington, D.C. as an Assistant Director-General.
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