No.7  July, 2016  
Hong Kong retains second place in global FDI inflows
Hong Kong retained second place in global foreign direct investment (FDI) inflows in the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2016. According to the report, Hong Kong registered FDI inflows of US$175 billion in 2015, a year-on-year surge of 53.5 per cent compared to US$114 billion in 2014. Read the UNCTAD report here.
  HKMA launches Infrastructure Financing Facilitation Office and signed MoUs with the International Finance Corporation and Global Infrastructure Hub
The Hong Kong Monetary Authority (HKMA) launched the Infrastructure Financing Facilitation Office (IFFO) on 4 July to promote development of Hong Kong as an infrastructure financing hub. IFFO’s mission is to facilitate infrastructure investments and their financing by working with a cluster of key stakeholders. On the same day, HKMA signed two memorandums of understanding respectively with World Bank Group’s International Finance Corporation, and Australia’s Global Infrastructure Hub to strengthen co-operation, capacity-building and facilitation of infrastructure financing transactions. For more about IFFO, read here.
  Hong Kong implements use of automated clearance services on mutual basis with Australia
Following similar arrangements it had with Korea, Germany and Singapore, Hong Kong implemented the mutual use of automated clearance services with Australia on 20 June. Holders of a Hong Kong Special Administrative Region (HKSAR) electronic passport can use the automated immigration clearance service (SmartGate) in Australia without prior enrolment and free of charge, while holders of an Australian passport can also enrol for the e-Channel service in Hong Kong free of charge. Read more about the story here.
  Melbourne travel bag brand Crumpler opens three stores in Hong Kong
Australian travel bag brand Crumpler announced on 28 June that it had opened three stores in a row and a regional office in Hong Kong, as part of its global strategy to expand in Asia. It planned to have 10 sales locations in Hong Kong within two years. Read more about the story here.
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