Hong Kong Economic and Trade Office, USA
Hong Kong

News Release - December 2018

Consumer Price Indices for November 2018
December 20, 2018 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for November 2018. According to the Composite CPI, overall consumer prices rose by 2.6% in November 2018 over the same month a year earlier, slightly smaller than the corresponding increase (2.7%) in October 2018. 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 2018 was 2.9%, slightly smaller than that in October 2018 (3.0%), mainly due to the decreases in the prices of women’s outerclothing and the smaller increases in local transport fares in November 2018.

Unemployment rate stood at 2.8%
December 18, 2018 - According to the latest labor force statistics (i.e. provisional figures for September - November 2018) released today by the Census and Statistics Department of the Hong Kong Special Administrative Region Government,  the seasonally adjusted unemployment rate stood at 2.8% in September - November 2018, same as that in August - October 2018. The underemployment rate also remained unchanged at 1.2% in the two periods.

Mainland and Hong Kong Economic and Trade Co-operation Committee convenes first meeting
December 14, 2018 - The Mainland and Hong Kong Economic and Trade Co-operation Committee convened its first meeting in Hong Kong today. The meeting was co-chaired by the Financial Secretary, Mr Paul Chan, and the China International Trade Representative and Vice Minister of Commerce, Mr Fu Ziying.

Agreement on Trade in Goods signed under framework of CEPA
December 14, 2018 - Hong Kong Chief Executive, Mrs Carrie Lam, witnessed the signing of the Agreement on Trade in Goods by the Financial Secretary, Mr Paul Chan, and the China International Trade Representative and Vice Minister of Commerce, Mr Fu Ziying, today.

Hong Kong team excels at International Junior Science Olympiad
December 12, 2018 - Team of six secondary school students representing Hong Kong has achieved excellent results in the International Junior Science Olympiad (IJSO) 2018, winning a total of six silver medals.

InvestHK surveys point to city's business attractions for overseas and Mainland companies
December 12, 2018 - The Director-General of Investment Promotion, Mr Stephen Phillips, said today that recent surveys showed that the city remains a magnet for overseas and Mainland businesses while its start-up ecosystem is thriving.

IMF commends Hong Kong's strong buffers and robust policy frameworks despite increasing global risks
December 12, 2018 - An International Monetary Fund (IMF) Staff Mission has commended the Hong Kong Special Administrative Region (HKSAR) in its latest assessment, noting that many years of prudent macroeconomic policies have endowed the city with strong buffers to navigate through challenges and ensure continued stability despite increasing risks confronting global growth.

Exhibition celebrating the 40th anniversary of China’s reform and opening up at the Hong Kong Museum of History
December 11, 2018 - Hong Kong Chief Executive, Mrs Carrie Lam, today officiated at the opening ceremony of the “HKSARG’s Celebration of the 40th Anniversary of the Reform and Opening up of the Country: ‘Joint Development·Shared Prosperity’ Exhibition”. Organized by the Information Services Department, the exhibition continues through January 28, 2019 at the Hong Kong Museum of History.

Hong Kong and Guangdong strengthen co-operation in cleaner production to improve environmental quality in Guangdong-Hong Kong-Macao Greater Bay Area
December 7, 2018 - The Environment Bureau of the Hong Kong Special Administrative Region (HKSAR) Government and the Department of Industry and Information Technology of Guangdong Province (GDDIIT) today held the fifth meeting of the Hong Kong-Guangdong Joint Working Group on Cleaner Production (JWGCP) in Guangzhou. A presentation ceremony for the Hong Kong-Guangdong Cleaner Production Partners Recognition Scheme (the Scheme) was also held to commend the efforts of some 150 enterprises in pursuing cleaner production.

Hong Kong’s foreign currency reserves at US$423.2 billion
December 7, 2018 - The Hong Kong Monetary Authority announced today that the official foreign currency reserve assets of Hong Kong amounted to US$423.2 billion as at the end of November 2018, compared with US$423.2 billion at end-October 2018.

Hong Kong enjoys many freedoms under the "one country, two systems" policy
December 4, 2018 - Published letter-to-the-editor in the Washington Post by Eddie Mak, Hong Kong Commissioner to the United States


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