Monetary Updates & Info

Hong Kong’s economy expanded by 3.9{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} yr-on-yr in real terms in the first three quarters of 2017, after rising by 2{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} in 2016. Hong Kong is to date the most important entrepĂ´t of the Chinese mainland. Ready flats are high picks as builder delays rise 24 Nov, 2017 11:fifty four AM ISTHomebuyers are increasingly displaying a desire for getting prepared-to-transfer-in residences towards underneath-development properties as builder delays and defaults increase. The federal government of Qatar has discussed the possibility of investing in South African state-owned arms producer Denel, experiences the Sunday Occasions.

Cumulative utilised capital influx from Hong Kong amounted to US$913.7 billion, accounting for 51.eight{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} of the national complete. Additionally, Hong Kong is a member of the Asia-Pacific Economic Cooperation (APEC) and the Pacific Economic Cooperation Council (PECC). As at end-2016, there were 195 authorised institutions and fifty four consultant places of work in Hong Kong.

In the meantime, Hong Kong’s client costs rose 1.four{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} yr-on-yr in January-September 2017, after growing by 2.4{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} in 2016. Tampa Bay enterprise news is featured on the Business channel of the Tampa Bay Occasions. In keeping with the UNCTAD World Investment Report 2017, international FDI inflows to Hong Kong amounted to US$108 billion in 2016, ranked fourth globally, behind solely the Chinese language mainland (US$134 billion) in Asia.

25 Nov, 2017 12:27 PM ISTBut Sufism, often referred to as Islamic mysticism, has come underneath violent assault lately. As at the finish of December 2016, Hong Kong’s stock market ranked the fourth largest in Asia and the eighth largest on this planet when it comes to market capitalisation. There have been 1,973 corporations listed on HKEx, together with 260 companies on the Progress Enterprise Market and the entire market capitalisation of Hong Kong’s inventory market reached US$three.17 trillion.

In December 2014, the Agreement between the Mainland and Hong Kong on Attaining Fundamental Liberalisation of Trade in Services in Guangdong (Guangdong Settlement) was signed underneath the framework of CEPA, enabling early realisation of primary liberalisation of trade in providers with Hong Kong in Guangdong. On the other hand, the six industries which Hong Kong has clear benefits for further improvement are cultural and inventive, medical providers, schooling services, innovation and know-how, testing and certification services and environmental industries, which collectively accounted for 8.9{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} of GDP when it comes to value-added in 2015.