Hong Kong Economic and Trade Office, USA
Hong Kong
   
     
 

Hong Kong Exchange Fund at US$510.2 billion
December 29, 2017 - The Hong Kong Monetary Authority announced today (December 29) that the total assets of the Exchange Fund amounted to HK$3,979.6 billion (US$510.2 billion) as at November 30, 2017. This is HK$25.8 billion (US$3.3 billion) lower than that at the end of October 2017. Foreign currency assets increased by HK$6.7 billion (US$858 million) while Hong Kong dollar assets decreased by HK$32.5 billion (US$4.1 billion).

Financial results for the eight months ended November 30, 2017
December 29, 2017 - The Hong Kong Special Administrative Region Government announced today its financial results for the eight months ended November 30, 2017.

Investment agreement under CEPA framework to be implemented on January 1, 2018
December 28, 2017 - The Investment Agreement signed between the Hong Kong Special Administrative Region Government and the Ministry of Commerce under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) will be implemented on January 1, 2018.

Consumer Price Indices for November 2017
December 21, 2017 - The Census and Statistics Department (C&SD) of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for November 2017. According to the Composite CPI, overall consumer prices rose by 1.6% in November 2017 over the same month a year earlier, slightly larger than the corresponding increase (1.5%) in October 2017. Netting out the effects of all Government’s one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in November 2017 was also 1.6%, slightly larger than that in October 2017 (1.5%), mainly due to the increases in the charges for package tours.

Financial Secretary Welcomes China Development Bank's Issuance of Belt and Road Bond in Hong Kong
December 20, 2017 - Hong Kong Financial Secretary, Mr. Paul Chan, today welcomed the issuance of the first Belt and Road bond by the China Development Bank in Hong Kong.

Unemployment Rate Remains at 3%
December 18, 2017 - According to the latest labor force statistics (i.e. provisional figures for September - November 2017) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the seasonally adjusted unemployment rate stood at 3.0% in September - November 2017, same as that in August - October 2017. The underemployment rate also remained unchanged at 1.1% in the two periods.

17th meeting of Hong Kong-Guangdong Joint Working Group on Sustainable Development and Environmental Protection held in Hong Kong
December 15, 2017 - The Hong Kong-Guangdong Joint Working Group on Sustainable Development and Environmental Protection (JWGSDEP) held its 17th meeting in Hong Kong this afternoon (December 15). The meeting was co-chaired by the Secretary for the Environment of the Hong Kong Special Administrative Region (HKSAR) Government, Mr Wong Kam-sing, and the Director-General of the Environmental Protection Department of Guangdong Province, Mr Lu Xiulu. The meeting reviewed the 2017 progress of environmental collaboration between the two sides, and agreed on a work plan for 2018.

Hong Kong signs MOU with Argentina on co-operation in wine-related businesses
December 15, 2017 - ​Hong Kong Secretary for Commerce and Economic Development, Mr Edward Yau, signed a Memorandum of Understanding (MOU) on Co-operation in Wine-related Businesses between Hong Kong and Argentina with the Chief Executive Officer of the Argentina Investment and Trade Promotion Agency, Mr Juan Pablo Tripodi, in Bueno Aires, Argentina (December 14, Bueno Aires time).

Hong Kong team excels at International Junior Science Olympiad
December 12, 2017 - A team of six Hong Kong students achieved excellent results in the International Junior Science Olympiad (IJSO) 2017, winning three gold and three silver medals.

Hong Kong Triumphs Again in APICTA Awards
December 11, 2017 - ​Hong Kong has once again triumphed in the Asia Pacific Information and Communications Technology Alliance (APICTA) Awards, attaining a total of nine awards, out of 173 entries, in the Awards held from December 7 to 10 in Dhaka, Bangladesh.

Hong Kong’s foreign currency reserves at US$422.1 billion
December 7, 2017 - ​The Hong Kong Monetary Authority (HKMA) announced today that the official foreign currency reserve assets of Hong Kong amounted to US$422.1 billion as at the end of November 2017, compared to US$419.2 billion at end-October.

Fintech co-operation between Hong Kong Monetary Authority and Dubai Financial Services Authority
December 7, 2017 - ​The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) of Dubai International Financial Centre entered into a Co-operation Agreement to step up Fintech collaboration between the two authorities, with a view to facilitating financial innovation in the two jurisdictions.

International study shows Hong Kong students stand out in reading literacy
December 6, 2017 - The Education Bureau (EDB) of the Hong Kong Special Administrative Region Government today (Dec 6) said it was pleased to learn that Hong Kong students had performed remarkably well in the Progress in International Reading Literacy Study (PIRLS) 2016.

 



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