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Hong Kong Meets America
   
HK to participate at 2nd Belt and Road Forum

April 18, 2019 Chief Executive Carrie Lam will lead a high-level Hong Kong delegation to the second Belt & Road Forum for International Cooperation, which will be held in Beijing (Apr 25 - 27). The forum will discuss development policy co-ordination, infrastructure connectivity, sustainable development and other topics of common interest. Mrs Lam said Hong Kong’s participation will enhance its role and position as a key link for the Belt & Road Initiative. Details here.

HK to participate at 2nd Belt and Road Forum
   
Unemployment stays at 2.8%

April 18, 2019 Hong Kong’s labor market stayed tight in January – March 2019, with the seasonally adjusted unemployment rate and the underemployment rate staying unchanged at 2.8% and 1.0% respectively. Looking ahead, Secretary for Labour and Welfare Law Chi-kwong (Apr 18) expected the labor market to remain largely stable in the near term. Details here.

Unemployment stays at 2.8%
   
HK: International arbitration hub

April 17, 2019 Hong Kong is determined to continue enhancing itself as an international hub for legal and dispute-resolution services, said Chief Executive Carrie Lam at the International Dispute Resolution Conference 2019 (Apr 17). Aside from dedicated training for mediators, the city is also deploying innovation and technology in dispute resolution. Mrs Lam added that Hong Kong will be implementing the world’s first online deal-making and dispute-resolution platform for cross-border commercial and trade disputes, electronic Business Related Arbitration and Mediation (eBRAM), in hopes of cutting arbitration costs by removing face-to-face meetings and long-distance travel. Details here.

HK: International arbitration hub
   
Extradition law changes needed urgently

April 16, 2019 Speaking ahead of Executive Council meeting (Apr 16), Chief Executive Carrie Lam reiterated the two purposes of amending the Fugitive Offenders Ordinance and the Mutual Legal Assistance in Criminal Matters Ordinance. The first is to provide a legal basis to deal with the Taiwan case, and the other is to plug a loophole in the existing arrangements for the return or the surrender of fugitive offenders. No matter what the circumstances may be, the Government will continue to improve the current legal framework to discharge an international obligation that will help to safeguard and uphold the rule of law and justice in Hong Kong. Details here.

Extradition law changes needed urgently
   
Film industry to be bolstered

April 16, 2019 The Government welcomed the Central authorities’ five relaxation measures to further facilitate the entry of Hong Kong films and film practitioners into the Mainland market, and expanding markets for film industries of the two places. Secretary for Commerce & Economic Development Edward Yau said (Apr 16) he believed Hong Kong’s film industry would take full advantage of the new measures, while continuing to leverage existing advantages, to expand Mainland and overseas markets and further promote the brand of Hong Kong Films. Details here.

Film industry to be bolstered
   
Jan, Feb exports dip 4.8% y-o-y

April 16, 2019 Total exports of goods for the first two months of 2019 decreased by 4.8% compared with the same period last year (Apr 16). The volume of imports of goods decreased by 6.7%. Details here.

Jan, Feb exports dip 4.8% y-o-y
   
Tech heavyweights gather at HK’s Internet Economy Summit

April 15, 2019 Chief Executive Carrie Lam said Hong Kong embraces innovation and technology as the city’s new growth engine with renewed commitment to increase R&D capability. Addressing renowned experts, industry leaders and government officials gathering at the two-day Internet Economy Summit (Apr 15-16), Mrs Lam said the government R&D expenditure as a ratio to GDP will be doubled to 1.5 per cent by 2022. In parallel, there has been encouraging response from international firms, universities and research institutions to set up their laboratories in Hong Kong, especially in the health technologies and AI and robotics research clusters. Details here.

Tech heavyweights gather at HK’s Internet Economy Summit
   
HK wins awards at 47th International Exhibition of Inventions of Geneva

April 13, 2019 Hong Kong enterprises have garnered multiple awards at this year’s 47th International Exhibition of Inventions of Geneva (Apr 10-14), including the Grand Prize for a recyclable lithium car battery that does not create any pollution throughout its life cycle. The world’s first robot system for replacing and collecting traffic cones and warning lanterns for road works, by Hong Kong Productivity Council and the Highways Department, earned an Honorable Mention and a Gold Medal with Congratulations of the Jury. The robotic system is tailor-made for busy road conditions and aimed at improving worksite safety. Details here.

HK wins awards at 47th International Exhibition of Inventions of Geneva
   
FS concludes US visit

April 12, 2019 Financial Secretary Paul Chan met with innovation and technology (I&T) firms as well as a related organization to explore how to spur Hong Kong’s economic development through further promoting I&T. On the last day of his visit in San Francisco, Mr Chan said Hong Kong’s tech and innovation push involves multiple fronts, namely enriching the talent pool, increasing R&D capability, and building a solid ecosystem. He encouraged US tech companies to leverage Hong Kong’s connectivity to springboard new ventures in the Guangdong-Hong Kong-Macao Greater Bay Area and beyond. Details here.

FS concludes US visit
   
Secretary Chief speaks on extradition amendments

April 12, 2019 Speaking to the media (Apr 12), Secretary for Security John Lee said the Government will ensure that any person, who may be subject to extradition, will have his/her legal and human rights fully protected. These safeguards are currently contained in the present Fugitive Offenders Ordinance, which has been in operation smoothly and successfully in the past almost 22 years. Details here.

Secretary Chief speaks on extradition amendments
   
HKMA, IFC ink landmark deal on green finance

April 11, 2019 The Hong Kong Monetary Authority (HKMA) has signed a MOU (Apr 11) with the International Finance Corporation (IFC), a member of the World Bank Group, in Washington DC to co-organize IFC’s Sixth Annual Climate Business Forum in Hong Kong in early 2020. The agreement signifies HKMA’s commitments toward green finance and establishing Hong Kong as a global hub for environmentally-aware investments.
Details here.

HKMA, IFC ink landmark deal on green finance
   

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