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News Release

Hong Kong Exchange Fund Totals US$198.75 Billion
February 27, 2009 -
Total assets of the Hong Kong Exchange Fund amounted to HK$1,550.3 billion (US$198.75 billion) on January 31, 2009, according to the Hong Kong Monetary Authority (HKMA). This is HK$7.4 billion (US$948.71 million) lower than at the end of December 2008.
Financial Results for the First 10 Months of 2008-2009 Financial Year
February 27, 2009 - The Hong Kong Special Administrative Region Government had expenditure of HK$236.4 billion (US$30.3 billion) and revenue of HK$286.2 billion (US$36.69 billion) for the period April 2008 to January 2009, resulting in a surplus of HK$49.8 billion (US$6.38 billion).
Financial Secretary Unveils Budget Measures to Create Jobs, Tackle Financial Crisis
February 25, 2009 - Hong Kong Financial Secretary, Mr. John Tsang, today announced in the annual Budget a multi-pronged strategy to combat the fallout of the global financial crisis.
Memorandum of Understanding on Express Rail Link Signed
February 24, 2009 - Hong Kong Secretary for Transport and Housing, Ms. Eva Cheng, and China’s Vice Minister of Railways, Mr. Lu Dongfu, signed a memorandum of understanding on the technical arrangement for connecting the Mainland and Hong Kong sections of the Guangzhou-Shenzhen-Hong Kong Express Railway Link (XRL), following an in-depth discussion today on preparatory work for the connection and operation.
Funding for Contribution to Asian Development Fund Approved
February 20, 2009 - A Hong Kong Special Administrative Region Government spokesman today welcomed the funding approval by the Finance Committee of the Legislative Council for Hong Kong’s contribution of US$26.25 million (HK$206.1 million) to the ninth replenishment of the Asian Development Fund (ADF), or ADF X, over nine years from 2009 to 2017.
Awareness of Protection of Intellectual Property Rights Enhanced
February 19, 2009 - A survey commissioned by the Intellectual Property Department of the Hong Kong Special Administrative Region Government has shown that Hong Kong people are becoming more aware of the importance of protecting intellectual property (IP) rights.
Hong Kong Commissioner Meets with Chicago Business Executives
February 18, 2009 - Hong Kong Commissioner to the USA Mr. Donald Tong met with the Chicagoland Chamber of Commerce earlier today (February 18, 2009 Chicago time) and updated members of the Chamber on the latest economic situation in Hong Kong.
HKETONY Hosts Film Event and Spring Reception in Chicago
February 18, 2009 - The Hong Kong Economic and Trade Office New York (HKETONY) hosted the screening of Hong Kong movie “Sparrow” for a full-house audience last evening (February 17) at the Gene Siskel Film Center in Chicago.
Hong Kong Welcomes Revitalization of Historic Buildings for Nurturing Creative Sector and Promoting Tourism
February 17, 2009 - Hong Kong Secretary for Commerce and Economic Development, Mrs. Rita Lau, welcomed the setting up of a Hong Kong branch campus by the renowned art, design and digital media institution in the United States - Savannah College of Arts and Design (SCAD) - saying that it will bring in new impetus for the local creative sector and offer excellent education opportunities for teenagers who plan to join the industry.
Hong Kong Unemployment Rate Rises to 4.6%
February 17, 2009 - Hong Kong’s seasonally adjusted unemployment rate increased markedly from 4.1% in October - December 2008 to a provisional 4.6% in November 2008 - January 2009, according to the latest labor force statistics released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government.
San Francisco ETO Celebrates the Year of the Ox
February 9, 2009 - More than 350 distinguished guests, consuls general, senior government officials and business leaders celebrated the Year of the Ox at the Spring Reception hosted by the Hong Kong Economic and Trade Office at the Asian Art Museum, San Francisco.
Hong Kong’s Foreign Currency Reserves At US$181.7 Billion
February 9, 2009 -
Hong Kong’s foreign currency reserve assets stood at US$181.7 billion at the end of January 2009, according to the Hong Kong Monetary Authority (HKMA), compared to US$182.5 billion at end-December 2008.
Hong Kong and Shenzhen Governments to Support Joint R&D Projects
February 5, 2009 - The Hong Kong and Shenzhen governments will jointly provide funding for eight applied research and development (R&D) projects under the category of Hong Kong-Shenzhen co-funded projects of the Guangdong-Hong Kong Technology Co-operation Funding Scheme.
Hong Kong Economic and Trade Office, New York Hosts Spring Reception to Welcome Year of the Ox
February 4, 2009 -
The Hong Kong Commissioner to the USA, Mr. Donald Tong, addressed a gathering of more than 350 guests at the Hong Kong Economic and Trade Office, New York annual Spring Reception held in New York City today.
 

 

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