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Hong Kong ranked world's 2nd most competitive economy
Hong Kong is the world's second most competitive economy, up from fourth place last year, according to the International Institute for Management Development (IMD) World Competitiveness Yearbook 2015. Read more about the story here.
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Mutual recognition of funds arrangement between the Mainland and Hong Kong
Hong Kong Securities and Futures Commission and the China Securities Regulatory Commission signed a Memorandum of Regulatory Cooperation related to the mutual recognition of funds arrangement between the Mainland and Hong Kong on May 22. Under the arrangement, qualified Mainland and Hong Kong funds may offer directly to retail investors in each other's market after obtaining authorisation or approval under streamlined procedures. Read more about the news here.
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Hong Kong Government welcomes Ministry of Finance's plan to issue RMB sovereign bonds in Hong Kong in 2015
The Ministry of Finance announced on May 12 its plan to issue Renminbi (RMB) sovereign bonds totalling RMB28 billion in Hong Kong this year, of which RMB14 billion will be issued to institutional investors, central banks and monetary authorities outside Mainland China on May 20 and RMB14 billion will be issued to institutional investors and Hong Kong residents in the second half of the year. Read more about the story here.
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Speech by Hong Kong Chief Executive at AustCham Westpac Australia China Business Awards Gala Dinner 2015
Hong Kong Chief Executive Mr C Y Leung gave a speech at the AustCham Westpac Australia China Business Awards Gala Dinner 2015 in Hong Kong on May 28 which highlighted the city’s importance as a super connector to Mainland China. Read his full speech here.
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Hong Kong Secretary for Justice's speech at 19th International Congress of Maritime Arbitrators
During the 19th International Congress of Maritime Arbitrators held in Hong Kong on May 11, Secretary for Justice Mr Rimsky Yuen gave a speech on Hong Kong as a shipping hub and international legal and dispute resolution centre. Read his full speech here.
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Cheung Chau Bun Festival
The annual Cheung Chau Bun Festival in Hong Kong attracts thousands of people and this year’s festival was no exception. While the bun scrambling competition was cancelled due to inclement weather, a colourful parade was held during the festival and plenty of steam buns - a symbol of well-being - and items made in its shape filled the island’s stalls. Read more about the festival here.
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