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

Hong Kong Exchange Fund at US$488.1 billion
June 30, 2017 - The Hong Kong Monetary Authority announced today that the total assets of the Exchange Fund amounted to HK$3,807.4 billion (US$488.1 billion) as at May 31, 2017. This is HK$23.6 billion (US$3 billion) lower than that at the end of April 2017. Foreign currency assets decreased by HK$14.7 billion (US$1.8 billion) and Hong Kong dollar assets decreased by HK$8.9 billion (US$1.1 billion).

Financial results for the two months ended May 31, 2017
June 30, 2017 - The Hong Kong Special Administrative Region Government announced today its financial results for the two months ended May 31, 2017.

Hong Kong Showcase in Seattle to Celebrate HKSAR 20th Anniversary
June 29, 2017 - The Hong Kong Economic and Trade Office, San Francisco presented Hong Kong Showcase in Seattle to celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region. The Showcase opened today (Seattle time - June 29) with “Mad World” and it will run till July 1.

HKSAR 20th Anniversary Celebration Reception in Texas
June 27, 2017 - To celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Economic and Trade Office, San Francisco hosted a gala reception in Dallas, Texas today (June 27, Dallas time). A four-member Chinese Music Ensemble from Hong Kong performed at the reception. The musical instruments played by the Ensemble included dizi, pipa, erhu and sheng.

Hong Kong hosts its first museum summit
June 26, 2017 - The Museum Summit, a prestigious international event being hosted by Hong Kong for the first time, opened at the Hong Kong Convention and Exhibition Centre today. Themed “Museums in a New Era”, the summit has brought together 20 speakers who are leading figures and professionals of world-renowned museums. They are sharing their precious experiences and insights on a wide array of topics, as well as their visions and blueprints in the face of the challenges in the new era.

Reception and concert in Los Angeles to celebrate HKSAR 20th Anniversary
June 25, 2017 - About 1,000 music-lovers joined “A Musical Journey” concert on Sunday (Los Angeles time - June 25, 2017) at Walt Disney Concert Hall in Los Angeles to celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR). The Hong Kong Economic and Trade Office, San Francisco is the presenting sponsor. Prior to the concert, the Office hosted a VIP reception at the Fifth Floor Ballroom, The Music Center.

Gala reception and “A Musical Journey” concert to celebrate HKSAR 20th Anniversary
June 23, 2017 - To celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR), Hong Kong Economic and Trade Office in San Francisco hosted a gala reception and presented a concert, titled “A Musical Journey” in San Francisco this evening.

Award-winning New York bar and restaurant establishes foothold in Hong Kong
June 23, 2017 - Award-winning New York bar and restaurant Employees Only announced today that it has opened its first Hong Kong outlet as part of its ongoing expansion plan in Asia. Located in Lan Kwai Fong, Employees Only offers a unique cocktail culture that originated in New York City. All bartenders are trained to deliver free-pour complex cocktails at speed as well as provide friendly and unpretentious service, according to co-founder Mr Igor Hadzismajlovic.

Unemployment Rate Stood at 3.2%
June 20, 2017 - According to the latest labor force statistics (i.e. provisional figures for March - May 2017) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the seasonally adjusted unemployment rate stood at 3.2% in March - May 2017, same as that in February - April 2017. The underemployment rate also remained unchanged at 1.2% in the two periods.

Chief Executive chairs consultation session on development of Guangdong-Hong Kong-Macao Bay Area
June 14, 2017 - Hong Kong Chief Executive, Mr C Y Leung, today chaired a consultation session at the Central Government Offices to further gauge views from different sectors of the community on the development plan for a city cluster in the Guangdong-Hong Kong-Macao Bay Area. Over 80 people attended the consultation session including non-official members of the Executive Council; members of the Commission on Strategic Development and the Economic Development Commission; representatives from the industrial and business, financial, professional services sectors and youth bodies; think-tank representatives; members of the Chinese People’s Political Consultative Conference, Hong Kong region; and Guangdong Chinese People's Political Consultative Conference Standing Committee Hong Kong Members.

Hong Kong Economic and Trade Office in San Francisco announces winners of Young Entrepreneur Competition
June 13, 2017 - The Hong Kong Economic and Trade Office in San Francisco announced today (June 13, 2017) the five winners of its Hong Kong Young Entrepreneur Competition, recognizing their innovative business ideas and rewarding each of them with an all-expenses-paid trip to Hong Kong.

Hong Kong SAR Government welcomes Ministry of Finance’s plan to issue sovereign bonds in Hong Kong in 2017
June 13, 2017 - The Ministry of Finance announced today its plan to issue Renminbi (RMB) sovereign bonds totaling RMB14 billion in Hong Kong this year, of which RMB7 billion will be issued in the first half of the year and the remaining RMB7 billion will be issued in the second half of the year. The Ministry of Finance also announced its plan to issue US dollar sovereign bonds outside the Mainland totaling US$2 billion in the second half of the year. Details will be announced later.

Hong Kong becomes new member of Asian Infrastructure Investment Bank
June 13, 2017 - The Hong Kong Special Administrative Region Government announced today that Hong Kong has become a new member of the Asian Infrastructure Investment Bank (AIIB).

Hong Kong supports free trade and multilateral trading system
June 8, 2017 - Hong Kong has always been a staunch supporter of free trade and the rule-based multilateral trading system that underpins it. Hong Kong's experience clearly shows that by opening markets, free trade not only creates wealth and jobs, but also promotes innovation and competition, encourages investments, and enables more goods and services to reach consumers at lower prices, the Secretary for Commerce and Economic Development, Mr Gregory So, said in Paris, France (June 8, Paris time).

SALTO Systems Opens Hong Kong Office
June 8, 2017 - Spanish company SALTO Systems, one of the world leaders in wireless access control solutions, announced today that it has opened a new office in Hong Kong as part of a move to expand its coverage in the North Asia-Pacific (APAC) market by leveraging the city's international status.

Hong Kong’s foreign currency reserves at US$402.7 billion
June 7, 2017 - The Hong Kong Monetary Authority announced today that the official foreign currency reserve assets of Hong Kong amounted to US$402.7 billion as at the end of May 2017, compared with US$400.1 billion at end-April 2017.

Hong Kong Again Ranked the World's Most Competitive Economy
June 1, 2017 - Hong Kong has been crowned as the world's most competitive economy for the second consecutive year, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook 2017.

 



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