No.8  August, 2010  
  2010 Hong Kong Week in Sydney

Launching the inaugural "2010 Hong Kong Week in Sydney", the Director of the Hong Kong Economic and Trade Office (HKETO) in Sydney, Mr Steve Barclay, said Hong Kong had long and close ties with Sydney and the two cities are similar in many ways.
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  Q2 GDP up 6.5%

Hong Kong's economy has continued to press ahead as part of sustained global economic recovery, with Gross Domestic Product rising 6.5% in the second quarter of this year.

The result follows an 8% rise in the first quarter, marking the second quarter of above-trend growth for the Special Administrative Region.
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  RMB pilot scheme to launch

Hong Kong has become the launch pad for China’s new Renminbi interbank bond scheme.

The landmark scheme will allow approved banks, foreign central banks and monetary authorities outside China to invest in the Mainland's interbank bond market.
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  More property controls announced

New measures to reduce risks in Hong Kong dynamic property sector will see a boost to land supply and action against speculators.

Hong Kong's Financial Secretary John Tsang said the move was aimed at heading off the potential for a property bubble driven by continuing low interest rates.
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