Hong Kong’s financial system expanded by three.9% 12 months-on-12 months in real terms within the first three quarters of 2017, after rising by 2% in 2016. A Chinese has a greater probability of getting US visa than an Indian 24 Nov, 2017 02:53 PM ISTVisa refusal price for India is twice as much as for China. As Wall Road traders take time without work to get pleasure from Thanksgiving Day, the Australian share market is anticipated to open slightly decrease. Hong Kong is a founding member of the World Trade Group (WTO) and has been collaborating actively in its actions.
Put money into these ELSS funds to save lots of taxes this 12 months 24 Nov, 2017 01:fifty seven PM ISTThe best tax-saving option accessible below Part 80C is an Fairness Linked Savings Scheme (ELSS) or tax-saving mutual fund schemes. Hong Kong is the biggest source of abroad direct funding within the Chinese mainland. Mainland commercial banks including Bank of Beijing, Bank of Dongguan, China Bohai Bank, China Guangfa Bank, Hua Xia Financial institution and Ping An Bank have representative workplaces in Hong Kong.
Business confidence in SA stays unchanged, reflecting a impartial sentiment in the market place, based on the newest index of Sacci. It supplies enterprise information articles on the Florida economic system, Tampa Bay business and market information. Italy’s financial development minister says the top precedence in evaluating offers for the bankrupt Alitalia airline is maintaining connections that bring tourists and enterprise to the southern European nation.
On 22 February 2017, the Financial Secretary, Paul Chan, unveiled in the 2017-18 Budget numerous measures to strengthen the competitiveness of the Hong Kong financial system and make Hong Kong an even more habitable city. As such, Hong Kong exports are projected to grow by 5% in 2017. Upon completion of the railway, the travelling time from Hong Kong to Beijing and Shanghai will be shortened to about 10 and eight hours respectively.
The four pillar financial sectors of Hong Kong are: trading and logistics (22.three% of GDP in terms of worth-added in 2015), tourism (5%), monetary companies (17.6%), and skilled providers and other producer providers (12.3%). Alternatively, Hong Kong has turn into a member of the Asian Infrastructure Investment Bank (AIIB) since June 2017. The Chinese mainland, however, is a leading investor in Hong Kong.