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Establishment of Shenzhen-Hong Kong Stock Connect
As announced by Premier Li Keqiang on 16 August, the State Council of People’s Republic of China had approved the implementation plan for Shenzhen-Hong Kong Stock Connect. The Financial Secretary, Mr John C Tsang said the initiatives would enable international investors to invest more widely in the Mainland China’s markets through Hong Kong’s markets, thereby reinforcing Hong Kong’s position as an international financial centre and a premier offshore RMB hub. Read more about the story here. |
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Hong Kong ranked first in the world in economic freedom
The Hong Special Administrative Region Government (HKSARG) on 15 September welcomed the Fraser Institute's recognition of Hong Kong as the freest economy in the world again in its latest report on economic freedom. Among the five broad areas of assessment, Hong Kong continued to hold high rankings in "size of government" (first), "regulation" (first) and "freedom to trade internationally" (second) in the latest report. Read more about the story here. |
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Actor Jackie Chan received honorary Oscar
The Secretary for Commerce and Economic Development, Mr Gregory So, congratulated Hong Kong actor Jackie Chan for receiving an honorary Governors Award from the Academy of Motion Picture Arts and Sciences, in recognition of his lifetime achievement in the film industry. Read more about the story here. |
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Inside Retail extends operation in Asia-Pacific via Hong Kong
Australia-based media company Inside Retail announced on 18 August the establishment of a regional base in Hong Kong, amid ongoing expansion of its operation throughout the Asia-Pacific region. The company is planning a number of initiatives in order to further its business in the region via Hong Kong. Read more the story here. |
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International Competition on Second Life for Retired Batteries from Electric Vehicles
The Environment Bureau of the HKSARG launched the International Competition on Second Life for Retired Batteries from Electric Vehicles (EVs) on 31 August to help identify innovative and practical ideas for second-life applications of retired EV batteries. The competition is an ongoing effort of the government in promoting the use of EVs. It is divided into two Groups, the Open Group and the Student Group. The deadlines for registration and submission of entries are 31 October 2016 and 31 January 2017 respectively. For details of the competition, please browse the competition website here. |
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Latest news from Hong Kong’s anti-graft authority (ICAC)
The World Competitiveness Yearbook 2016 earlier released by the Swiss-based International Institute for Management Development (IMD) reaffirmed Hong Kong’s remarkable status as the most competitive among 61 economies. In terms of “bribing and corruption”, Hong Kong was ranked the seventh in 2016, eight places higher than last year’s 15th. On a scale from 0 (highly corrupt) to 10 (highly clean), Hong Kong registered a score of 8.04 as compared to last year’s 7.31. Read the latest ICAC Post here. |
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