Hong Kong’s economic system expanded by three.9% year-on-year in actual phrases within the first three quarters of 2017, after growing by 2% in 2016. The Nationwide Financial and Improvement Authority said conflict-torn Marawi City could be restored as a higher schooling hub within the South consistent with the administration’s Nationwide Spatial Technique. For the first three quarters of 2017 taken collectively, the Hong Kong economy grew by three.9% year-on-yr in actual terms, from 2% for 2016.
Data analytics makes a blockbuster debut in Bollywood 24 Nov, 2017 10:14 AM ISTWe have a look at a number of data factors throughout social media to know patterns. As of December 2016, 1,002 mainland companies were listed in Hong Kong, comprising H-share, purple-chip and personal corporations with complete market capitalisation of round US$2 trillion, or 63% of the market whole.
In December 2014, the Settlement between the Mainland and Hong Kong on Achieving Fundamental Liberalisation of Commerce in Services in Guangdong (Guangdong Settlement) was signed beneath the framework of CEPA, enabling early realisation of primary liberalisation of commerce in companies with Hong Kong in Guangdong. On the other hand, the six industries which Hong Kong has clear advantages for further growth are cultural and artistic, medical services, education providers, innovation and know-how, testing and certification providers and environmental industries, which together accounted for eight.9% of GDP in terms of worth-added in 2015.
According to the Bank for Worldwide Settlements, Hong Kong is the second largest foreign alternate market in Asia and the fourth largest on this planet in 2016, with the online each day average turnover of foreign exchange transactions reaching US$437 billion. The Authorities will proactively promote Hong Kong as an international legal and dispute decision companies centre and encourage the co-operation between the legal sectors of Hong Kong and the Bay Space.
In November 2014, Shanghai-Hong Kong Inventory Connect was launched to determine mutual stock market access between Hong Kong and Chinese mainland, a significant breakthrough in the opening of China’s capital markets. In January-September 2017, Hong Kong’s main export markets were the Chinese language mainland, the EU, the US, ASEAN, India and Japan, which respectively made up fifty four%, 8.9%, 8.6%, 7.5%, four.2% and three.three% of Hong Kong’s whole exports; modifications in exports to the above markets have been +9.three%, +3.5%, +zero.four%, +9.9%, +34.9% and +eight.9%, respectively.