Hong Kong Economic and Trade Office, USA
Hong Kong
   
     

 

Financial results for the seven months ended October 31, 2017
November 30, 2017 -The Hong Kong Special Administrative Region Government announced today its financial results for the seven months ended October 31, 2017.

Hong Kong Exchange Fund at US$513.5 billion
November 30, 2017 -The Hong Kong Monetary Authority announced today that the total assets of the Exchange Fund amounted to HK$4,005.4 billion (US$513.5 billion) as at October 31, 2017. This is HK$102.9 billion (US$13.1 billion) higher than that at the end of September 2017. Foreign currency assets increased by HK$39.1 billion (US$5 billion) and Hong Kong dollar assets increased by HK$63.8 billion (US$8.1 billion).

IMF commends Hong Kong’s strong buffers and robust policy frameworks
November 29, 2017 - An International Monetary Fund (IMF) Staff Mission has commended the Hong Kong Special Administrative Region (HKSAR) in its latest assessment, which states that Hong Kong is well placed to navigate through challenges given its strong buffers and robust policy frameworks, including ample fiscal reserves, strong financial regulatory and supervisory frameworks, and the Linked Exchange Rate System (LERS).

International study ranks Hong Kong students among world’s best in collaborative problem solving
November 21, 2017 - The Education Bureau (EDB) today said it was pleased to learn that Hong Kong students’ performance in collaborative problem solving (CPS) in the Programme for International Student Assessment (PISA) 2015 was among the world's best.

Consumer Price Indices for October 2017
November 21, 2017 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for October 2017. According to the Composite CPI, overall consumer prices rose by 1.5% in October 2017 over the same month a year earlier, slightly larger than the corresponding increase (1.4%) in September 2017.

Unemployment rate falls to 3%
November 16, 2017 - According to the latest labor force statistics (i.e. provisional figures for August - October 2017) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the seasonally adjusted unemployment rate decreased from 3.1% in July - September 2017 to 3.0% in August - October 2017. The underemployment rate remained unchanged at 1.1% in the two periods.

Hong Kong and Singapore launch joint project on cross-border trade and trade finance platform
November 15, 2017 - The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) today exchanged a Memorandum of Understanding (MoU) in Singapore to jointly develop the Global Trade Connectivity Network (GTCN), a cross-border infrastructure based on distributed ledger technology (DLT), to digitalize trade and trade finance between the two cities and potentially with an aim to expanding the network in the region and globally.

Hong Kong and ASEAN sign Free Trade Agreement and Related Investment Agreement
November 13, 2017 - Hong Kong and the Association of Southeast Asian Nations (ASEAN) signed a Free Trade Agreement (FTA) and a related Investment Agreement in Pasay City, the Philippines on November 12.

Chief Executive discusses with APEC leaders on regional economic cooperation
November 11, 2017 - Hong Kong Chief Executive, Mrs Carrie Lam, had in-depth discussions with the economic leaders at the Asia-Pacific Economic Cooperation (APEC) 2017 Economic Leaders’ Meeting (AELM) in Da Nang, Vietnam, on November 11, on ways to consolidate and sustain regional and global economic growth, deal with challenges brought by technology and digital economy, and ensure inclusive development.

Third Quarter GDP Grows 3.6%
November 10, 2017 - The Hong Kong Special Administrative Region Government released today the Third Quarter Economic Report 2017, together with the preliminary figures on Gross Domestic Product (GDP) for the third quarter of 2017.

Wine re-exported from Hong Kong to enjoy instant customs clearance in all customs districts of the Mainland
November 9, 2017 - The Hong Kong Special Administrative Region Government announced today that wine re-exported from Hong Kong will enjoy instant customs clearance in all customs districts of the Mainland with immediate effect.

Hong Kong is a staunch supporter of trade and investment liberalization
November 8, 2017 - Hong Kong bears strong testimony to the benefits of trade and investment liberalization, and has strong faith that increasing interaction among economies will promote growth and bring enormous benefits, Hong Kong Secretary for Commerce and Economic Development, Mr Edward Yau, said at the 29th Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting in Da Nang, Vietnam, today (November 8).

Hong Kong’s foreign currency reserves at US$419.2 billion
November 7, 2017 - The Hong Kong Monetary Authority announced today that the official foreign currency reserve assets of Hong Kong amounted to US$419.2 billion as at the end of October 2017, compared to US$419.3 billion at end-September.

12th meeting of Mainland/Hong Kong Science and Technology Co-operation Committee held
November 3, 2017 - Hong Kong Secretary for Innovation and Technology, Mr Nicholas W Yang, and Vice Minister of Science and Technology Professor Huang Wei co-chaired the 12th meeting of the Mainland/Hong Kong Science and Technology Co-operation Committee held in Hong Kong today.

Blue House Cluster wins Award of Excellence of UNESCO Asia-Pacific Awards for Cultural Heritage Conservation
November 1, 2017 - The Blue House Cluster under the Revitalising Historic Buildings Through Partnership Scheme (Revitalisation Scheme) has won the Award of Excellence of the UNESCO Asia-Pacific Awards for Cultural Heritage Conservation. It is the first time a built heritage conservation project in Hong Kong has received this award.

Hong Kong ranked world’s fifth easiest place to do business
November 1, 2017 - Hong Kong ranked the fifth in the World Bank’s Doing Business 2018 Report released yesterday (October 31). The Report once again re-affirmed Hong Kong’s position as one of the world’s easiest places to do business. The World Bank commends Hong Kong for successful implementation of reform measures to make doing business easier, namely improving the quality of the land administration system by enhancing its reliability and establishing a complaints mechanism.

 



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