Monetary Updates & Data

Hong Kong’s financial system expanded by three.9% year-on-yr in real terms within the first three quarters of 2017, after rising by 2% in 2016. Since 1993, mainland companies have raised greater than US$500 billion via inventory offerings in Hong Kong. Gujarat CM Vijay Rupani’s me-too ban on ‘Padmavati’ fails to cut ice with Rajputs in state 25 Nov, 2017 01:18 AM ISTThe refusal of Rajputs to take Rupani’s words at face worth is indicative of the trust deficit that the state govt faces in this politically significant tract of north Gujarat.

Cumulative utilised capital influx from Hong Kong amounted to US$913.7 billion, accounting for 51.eight% of the nationwide total. Additionally, Hong Kong is a member of the Asia-Pacific Financial Cooperation (APEC) and the Pacific Economic Cooperation Council (PECC). As at end-2016, there have been 195 authorised institutions and fifty four representative places of work in Hong Kong.

To develop Hong Kong as a world innovation and technology hub, Ms Lam also sets out an array of measures to spur development for innovation and expertise and the creative industries. In this Enterprise News podcast Mark Beyer and Mark Pownall focus on stock market hits highs, renewables privatisation, Perth Stadium, Historic Coronary heart, Perth Pageant, and junior miners.

Only The Australian supplies exclusive content from The Wall Avenue Journal, MarketWatch, The Instances and Dow Jones Newswires together with expert commentary from leading business journalists. In the newest spherical of overview in November 2017, the Government forecasted Hong Kong’s financial development for 2017 as an entire at three.7%, higher than the mid-point of the vary forecast of three-4% announced in the August round.

In line with the Bank for International Settlements, Hong Kong is the second largest international change market in Asia and the fourth largest on the planet in 2016, with the web daily average turnover of foreign exchange transactions reaching US$437 billion. The Authorities will proactively promote Hong Kong as a world authorized and dispute resolution providers centre and encourage the co-operation between the legal sectors of Hong Kong and the Bay Space.