Hong Kong Economic and Trade Office, USA
Hong Kong

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

Hong Kong Exchange Fund at US$500.3 billion
October 31, 2017 - The Hong Kong Monetary Authority announced today that the total assets of the Exchange Fund amounted to HK$3,902.5 billion (US$500.3 billion) as at September 30, 2017. This is HK$9.9 billion (US$1.2 billion) lower than that at the end of August 2017. Foreign currency assets increased by HK$8.5 billion (US$1.0 billion) while Hong Kong dollar assets decreased by HK$18.4 billion (US$2.3 billion).

Hong Kong emerges from Fintech Week as Asian leader
October 30, 2017 - Following the speeches, presentations and panel sessions involving financial technology (Fintech) experts from around the world, the main story emerging from the second annual Hong Kong Fintech Week, which ended on October 27, is that Hong Kong is very much a Fintech leader in Asia, and one that welcomes companies looking to establish themselves in the region.

Hong Kong-based Start-up Launches Mobile Charging Solution for Smartphone Users
October 30, 2017 - Hong Kong-based Internet of Things (IoT) start-up MobiJuce today launched one of the first app-based power bank rental services in Hong Kong, which allows smartphone users to rent a power bank and return it to a different location.

Head of CreateHK appointed
October 27, 2017 - The Hong Kong Special Administrative Region Government today announced the appointment of Mr Victor Tsang Chiu-hok as the Head of Create Hong Kong (CreateHK) following the completion of an open recruitment exercise. Mr Tsang will assume office on November 1.

HKMA welcomes Ministry of Finance’s issuance of US dollar sovereign bonds in Hong Kong
October 25, 2017 - The Ministry of Finance (MoF) held a roadshow in Hong Kong today for its US dollar sovereign bond issuance. The Hong Kong Monetary Authority (HKMA) welcomes the MoF’s initiative.

Hong Kong and Singapore Collaborate on Fintech
October 25, 2017 - The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) signed and exchanged a cooperation agreement in Hong Kong today to strengthen cooperation on fintech with a view to bolstering ties between the two cities and fostering fintech development within the region.

Hong Kong Government Congratulates Film Director Wong Kar-wai in Receiving Lumiere Award
October 23, 2017 - Hong Kong Secretary for Commerce and Economic Development, Mr. Edward Yau, congratulated renowned Hong Kong film director Wong Kar-wai for receiving the Lumiere Award at the Lumiere Festival 2017 in Lyon, France. Wong is the first Hong Kong filmmaker to be bestowed the honor.

Consumer Price Indices for September 2017
October 23, 2017 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for September 2017. According to the Composite CPI, overall consumer prices rose by 1.4% in September 2017 over the same month a year earlier, smaller than the corresponding increase (1.9%) in August 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 September 2017 was also 1.4%, smaller than that in August 2017 (1.9%), mainly due to the decreases in school fees arising from the new subsidy schemes launched by the Government in this academic year and dissipation of the effect of upward adjustment in public housing rentals by the Housing Authority in September 2016.

BrandHK on board with Hong Kong's SHK Scallywag for Volvo Ocean
October 20, 2017 - Brand Hong Kong (BrandHK) is delighted to be among the "crew" for the prestigious Volvo Ocean Race, serving as a supporting organization for Team Sun Hung Kai/Scallywag, which is representing Hong Kong for the first time in this renowned global sporting event.

Unemployment Rate Remains at 3.1%
October 19, 2017 - According to the latest labor force statistics (i.e. provisional figures for July - September 2017) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government, the seasonally adjusted unemployment rate stood at 3.1% in July - September 2017, same as that in June - August 2017. The underemployment rate also remained unchanged at 1.1% in the two periods.

Hong Kong Financial Secretary Visits Washington
Meets With U.S. Administration Officials and Attends IMF/World Banks Meetings

October 19, 2017 - On October 13, Hong Kong Financial Secretary Paul Chan began an official visit to Washington, D.C. to attended the plenary session of the annual meetings of the International Monetary Fund and the World Bank Group as well as to meet senior U.S. government officials.

Hong Kong Observatory headquarters receives WMO’s recognition as centennial observing station
October 18, 2017 - The Hong Kong Observatory (HKO) headquarters located in Tsim Sha Tsui is among the first set of observing stations to receive the World Meteorological Organization (WMO)’s recognition as centennial observing stations. The Director of the Hong Kong Observatory, Mr Shun Chi-ming, received the accreditation certificate from the Secretary-General of the WMO, Professor Petteri Taalas, at the certificate presentation ceremony held at the WMO Headquarters in Geneva, Switzerland, today (October 18, Geneva time).

First ever large-scale Hong Kong design exhibition in Chicago opens
October 13, 2017 - The Chicago edition of the “Confluence · 20+ Creative Ecologies of Hong Kong” exhibition opened today (October 13, Chicago time) till November 4, with the timely news that the Hong Kong Special Administrative Region (HKSAR) Government would accord due importance to the promotion of design and devote more resources to its development.

Financial Secretary attends Annual Meetings of IMF and World Bank Group in Washington, DC
October 13, 2017 - Hong Kong Financial Secretary, Mr Paul Chan, attended the Plenary Session of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, DC, the United States (US) this morning (October 13, Washington, DC, time), as a member of the Chinese delegation.

HKSAR Government welcomes issuance of US dollar sovereign bonds by Ministry of Finance in Hong Kong
October 11, 2017 - The Ministry of Finance announced today that it will issue US dollar sovereign bonds totaling US$2 billion in Hong Kong, of which US$1 billion will be issued in 5-year tenor and the remaining US$1 billion in 10-year tenor. This will be the second time this year that the Ministry of Finance has issued sovereign bonds in Hong Kong. The first batch of sovereign bonds totaling RMB7 billion was issued on June 26.

Number of Overseas and Mainland Companies in Hong Kong Continues to Grow
October 11, 2017 - The number of business operations in Hong Kong with parent companies overseas and in Mainland China climbed to 8 225 in 2017, compared to 7 986 a year ago, according to the results of a joint survey conducted by Invest Hong Kong (InvestHK) and the Census and Statistics Department (C&SD) of the Hong Kong Special Administrative Region Government released today.

Hong Kong Chief Executive Delivers Policy Address
October 11, 2017 - In her maiden Policy Address, Hong Kong Chief Executive Carrie Lam outlined plans to maintain the city’s competitiveness, diversify the economy and address livelihood issues.

Taiwan-based Hutong Grilled Meat Restaurant Establishes Foothold in Hong Kong
October 10, 2017 - Taiwan-based grilled meat restaurant Hutong announced today that it has opened its first restaurant in Hong Kong, leveraging the city's status as a renowned culinary capital to expand its business outside Taiwan amid an effort to reach the global market.


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