No.8  August, 2016  
Secretary for Justice visits Australia
The Secretary for Justice, Mr Rimsky Yuen, SC, visited Australia from 8 to 13 August to promote Hong Kong as an international legal and dispute resolution services centre in the Asia-Pacific region and update the Australian community on Hong Kong’s latest development. During his stay in Australia, he met with senior government officials and leaders in legal and dispute resolution services sectors as well as legal scholars. For more information about Mr Yuen’s visit to Sydney, please read here . For the Melbourne’s visit, please read here.
  Hong Kong to join inclusive framework for implementation of package against base erosion and profit shifting
Hong Kong accepted the Organisation for Economic Co-operation and Development (OECD)’s invitation to join, in the name of “Hong Kong, China”, as an Associate in the inclusive framework for implementation of the package of measures against base erosion and profit shifting (BEPS). In becoming an Associate, Hong Kong committed to the comprehensive BEPS Package, including its four minimum standards (i.e. in the areas of harmful tax practices, tax treaty abuse, country-by-country reporting requirements and improvements in cross-border tax dispute resolution), and to its consistent implementation. Read more here.
  Financial Cooperation Conference
The Boao Forum for Asia and the Hong Kong Monetary Authority co-organised the Financial Co-operation Conference in Hong Kong on 5 July. Under the theme “Stimulating Growth in the Real Economy: the Role of Finance”, the conference consisted of five sessions devoted to economic and financial issues of wide concern, including monetary policy and economic growth, cross-border capital flows, infrastructure and its financing, and Asia financial co-operation.  The conference attracted some 250 participants, including representatives from regulatory authorities, international bodies, financial institutions, multinational corporations and academia from different countries. Find out more here.
  Total number of local companies surpasses 1.3 million
The total number of local companies registered in Hong Kong under the Companies Ordinance reached 1,314,655 at the end of June this year, up 25,989 from half a year before. For the first half of 2016, 71,769 local companies and 466 non-Hong Kong companies were newly registered. To facilitate business, the Companies Registry launched a full-scale Company Search Mobile Service on 20 May. Users may conduct all types of searches using their smartphones and mobile devices anytime and anywhere to obtain up-to-date company information, including document image records. Read more here.
  Australian craft brewery brand adds to Hong Kong beer scene
Australia-based Lion Pty Limited opened the Little Creatures craft brewery in Hong Kong, its first outlet outside Australia, to debut the brand's regional expansion via the city. The shop is located in Kennedy Town, offering genuine Australian craft beer and cuisine, with a microbrewery supplying fresh, distinctive, well-balanced beers to craft beer enthusiasts. Find out more here.
  Australian renowned museum specialist appointed Executive Director of M+
The West Kowloon Cultural District (WKCD) announced the appointment of Ms Suhanya Raffel to the position of Executive Director, M+ of the WKCD. M+, scheduled to open in 2019, will be one of the largest museums of modern and contemporary visual culture in the world.  Ms Raffel, currently the Deputy Director and Director of Collections of the Art Gallery of New South Wales, is a renowned museum specialist with many years of senior management experience in collection and exhibition, research and programming. The appointment will be effective on 1 November.  Find out more here.
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