Hong Kong Economic and Trade Office, USA
Hong Kong
  News Release  

Hong Kong Exchange Fund at US$465.3 Billion
January 27, 2017 - The Hong Kong Monetary Authority announced today (that the total assets of the Exchange Fund amounted to HK$3,629.9 billion (US$465.3 billion) as at December 31, 2016. This is HK$40.1 billion (US$5.1 billion) higher than that at the end of November 2016. Foreign currency assets increased by HK$27.6 billion (US$3.5 billion) and Hong Kong dollar assets increased by HK$12.5 billion (US$1.6 billion).

Financial Results for the Nine Months Ended December 31, 2016
January 27, 2017 - The Hong Kong Special Administrative Region Government announced today its financial results for the nine months ended December 31, 2016.

Exchange Fund Position at end-December
January 25, 2017 - The Hong Kong Monetary Authority (HKMA) today published the unaudited financial position of the Exchange Fund at end-December 2016.

Consumer Price Indices for December 2016
January 23, 2017 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for December 2016.

Hong Kong’s Climate Action Plan 2030+ announced
January 20, 2017 - The Hong Kong Special Administrative Region Government announced today Hong Kong's Climate Action Plan 2030+, outlining the Government’s longer-term action in combating climate change and setting out the carbon emission reduction target for 2030.

Unemployment Rate Remains at 3.3%
January 19, 2017 - According to the latest labor force statistics (i.e. provisional figures for October - December 2016) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the seasonally adjusted unemployment rate stood at 3.3% in October - December 2016, same as that in September - November 2016. The underemployment rate also remained unchanged at 1.4% in the two periods.

Chief Executive delivers 2017 Policy Address
January 18, 2017 - Hong Kong Chief Executive, Mr C Y Leung, today outlined plans in his 2017 Policy Address to develop the economy and improve people’s livelihood.

IFFO presents infrastructure investment and financing insights at 10th Asian Financial Forum
January 17, 2017 - Hong Kong Monetary Authority (HKMA) Infrastructure Financing Facilitation Office (IFFO) organised two infrastructure investment and financing events at the 10th Asian Financial Forum (AFF) today, namely a panel discussion on opportunities and challenges of infrastructure financing in Asia and Hong Kong’s role in these developments, as well as a promotion event on infrastructure investments in selected emerging economies. Both events were well received and attended by more than 600 overseas and local industry leaders from various sectors.

Asian Financial Forum highlights Asia’s role in driving change, innovation and connectivity
January 16, 2017 - The Asian Financial Forum (AFF), now in its 10th edition, opened today, gathering some 2,800 financial and business leaders, policymakers and investors to share their insights on how to fortify sustainable global economic development in Asian regions by embracing innovation and reinforcing connectivity with other regions.

IMF reaffirms support for Hong Kong’s prudent fiscal policy and robust regulatory and supervisory framework
January 13, 2017 - The International Monetary Fund (IMF) released a Staff Report today which, substantiated by a more detailed analysis, reinforces the conclusions of its assessment of Hong Kong's economic and financial positions published on December 7, 2016.

Singaporean Restaurant Group Extends Its Reach to Hong Kong
January 10, 2017 - Imperial Treasure Restaurant Group, a two-Michelin-star restaurant group from Singapore, announced today that it has opened its first restaurant in Hong Kong, tapping the city's reputation as the culinary capital of Asia to promote its authentic fine Cantonese cuisine to customers in the city.

Hong Kong’s Foreign Currency Reserves at US$386.2 Billion
January 6, 2017 - The Hong Kong Monetary Authority (HKMA) announced today that the official foreign currency reserve assets of Hong Kong amounted to US$386.2 billion as at the end of December 2016, compared with US$385.1 billion at end-November 2016.

Hong Kong Customs teams up with US authorities to curb transnational counterfeiting activities
January 4, 2017 - Hong Kong Customs joined with the United States (US) Immigration and Customs Enforcement and the US Customs and Border Protection to conduct an operation in mid-November 2016 to fight transnational counterfeiting activities. As a result, about 1,300 pieces of suspected counterfeit electronic products with an estimated market value of about HK$1.3 million (US$166,666) were seized in Hong Kong.

Invest Hong Kong reveals highlights of upcoming StartmeupHK Festival
January 4, 2017 - Invest Hong Kong (InvestHK) today revealed some of the key highlights to watch out for during the upcoming 2017 StartmeupHK Festival, which covers retail technology, fashion technology, smart city, fintech and digital health, with more than 80 speakers who will be involved in panel sessions, interactive discussions, competitions and speaking events.

Hong Kong and Shenzhen sign Memorandum of Understanding on Jointly Developing the Lok Ma Chau Loop
January 3, 2017 -Hong Kong Chief Executive, Mr. C Y Leung, and Standing Committee Member of the CPC Guangdong Provincial Committee, Party Secretary of the CPC Shenzhen Municipal Committee, Mayor of Shenzhen Municipality, Mr. Xu Qin, witnessed today the signing of the “Memorandum of Understanding on Jointly Developing the Lok Ma Chau Loop by Hong Kong and Shenzhen” between the Hong Kong Special Administrative Region (HKSAR) Government and the Shenzhen Municipal People's Government. The Chief Secretary for Administration, Mrs. Carrie Lam, and Mr. Xu co-chaired the annual Hong Kong/Shenzhen Co-operation Meeting (the meeting) after the signing ceremony. Relevant officials of both sides attended the meeting.

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