Hong Kong’s economy expanded by 3.9% yr-on-yr in real terms within the first three quarters of 2017, after rising by 2% in 2016. The state authorities has announced a progressive merger of its two land improvement companies, LandCorp and the Metropolitan Redevelopment Authority, with the property trade calling for the new agency to retain the planning approvals powers held by the MRA. Hong Kong’s merchandise exports elevated by eight.5% year-on-year in January-September 2017, after a marginal decrease of 0.5% in 2016.
The Mainland-Hong Kong Nearer Economic Partnership Arrangement (CEPA) was firstly concluded in 2003. ETF items for PF subscribers by next year possible 23 Nov, 2017 09:14 PM ISTThe EPFO is allowed to take a position up to 15% of the PF money in fairness by exchange-traded funds — the rest is parked in debt instruments. Demonetisation impact: Weddings getting smaller, payments going digital 25 Nov, 2017 06:forty five AM ISTA year after demonetisation, the massive fats Indian weddings are being changed with more muted and cautious ceremonies with an emphasis on digital transactions.
Name to hyperlink smaller towns noticed ATR’s second coming 25 Nov, 2017 11:eleven AM ISTATR planes saw a interval of lull in the Indian markets for the last few years as airlines shied away from smaller towns and deployed maximum capacity in metros. The SA Chamber of Commerce and Business’s Business Confidence Index measures how companies are experiencing prevailing economic conditions.
Because the introduction of the Pilot RMB Trade Settlement Scheme by the Central Authorities in July 2009, Hong Kong has succeeded in increasing its RMB business by offering quite a lot of RMB-denominated financial products and services, together with commerce finance, stocks, bonds and funds. In terms of outflows, Hong Kong ranked third with US$62 billion in Asia, after the Chinese language mainland (US$183 billion) and Japan (US$a hundred forty five billion).
24 Nov, 2017 03:37 PM ISTIf you might have any mutual fund queries, message on ET Mutual Funds on Facebook. Since the debut of the scheme, banks in Hong Kong had dealt with RMB trade settlement totalling RMB21 trillion as of October 2015, which represented some 70% of the world’s total. More importantly, it would develop into part of the sixteen,000 km national high-velocity rail community now being developed in full steam, fostering nearer financial ties between Hong Kong and the mainland.