Hong Kong’s financial system expanded by three.9% 12 months-on-year in actual phrases within the first three quarters of 2017, after rising by 2% in 2016. Hong Kong is a favourite place in the world to do business and host main conferences. Hong Kong’s trade performance is partly affected by outward processing actions in Guangdong where nearly all of Hong Kong corporations have prolonged their manufacturing base. In July 2017, the mutual bond market access between Hong Kong and the Chinese mainland (Bond Join) was launched to promote the development of the bond markets in the two locations.
Hong Kong service suppliers get pleasure from preferential remedy in getting into into the mainland market in numerous service areas. Niti Aayog Vice Chairman Rajiv Kumar at present said the time has come for consolidation of reforms, together with GST, chapter code and benami legislation, initiated by the Modi authorities within the final 42 months to ensure that the steps deliver the “desired fruits”.
In November 2014, Shanghai-Hong Kong Inventory Join was launched to ascertain mutual inventory market entry between Hong Kong and Chinese mainland, a significant breakthrough in the opening of China’s capital markets. In January-September 2017, Hong Kong’s major export markets had been the Chinese mainland, the EU, the US, ASEAN, India and Japan, which respectively made up 54%, 8.9%, 8.6%, 7.5%, four.2% and 3.three% of Hong Kong’s whole exports; changes in exports to the above markets were +9.3%, +3.5%, +zero.four%, +9.9%, +34.9% and +8.9%, respectively.
On this Enterprise News podcast Mark Beyer and Mark Pownall focus on Brownes acquisition and Chinese language investment, Richard Goyder, Shell exits Woodside, Stockland’s land purchase spree, domgas deal, waste to vitality, and CEO remuneration. Don’t buy a new automotive yet, watch for electrical autos if you can 23 Nov, 2017 10:30 AM ISTIndia is zipping ahead on its path to embrace electric automobiles as automakers in addition to the federal government are gearing up for electric mobility.
The state authorities has introduced a progressive merger of its two land development businesses, LandCorp and the Metropolitan Redevelopment Authority, with the property business calling for the brand new agency to retain the planning approvals powers held by the MRA. Hong Kong’s merchandise exports elevated by eight.5% yr-on-yr in January-September 2017, after a marginal lower of zero.5% in 2016.