Hong Kong’s regjerning styrker satsingen på Innovasjon og teknologi

In his Budget the Financial Secretary, Paul Chan, announced a broad range of measures to diversify Hong Kong’s economy, grasp regional and global opportunities and promote innovation and technology (I&T).

Mr Chan announced that Hong Kong has a fiscal surplus of HK$138 billion, and the fiscal reserves are expected to reach HK$1,092 billion by 31 March 2018. About 40% of the surplus will be shared with the community through one-off concessionary measures, tax breaks and tax rebates and the remainder will be used for improving services and investing for the future.

On the economy, Mr Chan reported that Hong Kong had sustained notable expansion throughout 2017, with the economy growing by 3.8% for the year as a whole, up from 2.1% in 2016 and higher than both last year’s Budget forecast and the average trend growth rate of 2.9 per cent over the decade from 2007 to 2016. The GDP per capita of Hong Kong has now reached US$46,000, and is among the highest in the world. Exports turned stronger amid increased global growth momentum and domestic demand was likewise robust, thanks to favourable labour market conditions and upbeat economic sentiment. Mr Chan said he was cautiously optimistic about Hong Kong’s economic prospects in the near term, predicting GDP growth of between 3 and 4 per cent for 2018.

Read the complete article HERE

Hong Kong og ”global opportunities”

Vi har sakset følgende fra det amerikanske TV-selskapet CBNBC som har laget en reportasje om Hong Kong og ”global opportunities”.
Vi tror denne serien vil ha interesse for våre medlemmer: "Global Opportunities - Hong Kong" with five segments, Design, Retail, Belt and Road Initiative, Guangdong-Hong Kong-Macau Bay Area and Fintech. “
CNBC Series: Global Opportunities - Hong Kong

The Chief Executive's 2017 Policy Address

Madam Carrie Lam, Hong Kong Chief Executive revealed the details of her maiden Policy Address at the Legislative Council on October 11, 2017:

Mr President, Honourable Members and fellow citizens,
Today, with much relief, I present the first Policy Address in my term of office to the Legislative Council. During the past three months, the community has voiced a lot of expectations towards this Policy Address. I have listened to them all. I appreciate that many issues in the community require the Government’s attention. At the same time, I have accepted the suggestion of the Non-official Members of the Executive Council that I should make use of the opportunity today to share with Hong Kong people my governance philosophy and to highlight some of the specific measures, rather than following the previous practice of spending two to three hours reading out the Policy Address. Without the constraint of a time limit, the Policy Address I deliver today runs to some 49 000 characters. It comprehensively covers such areas as good governance, diversified economy, nurturing talent, improving people’s livelihood, liveable city and connecting with young people. I hope that when you read it, you will get a better grasp of Hong Kong’s current situation as well as the vision of the Government. That said, I am fully aware that a lengthy Policy Address does not guarantee flawless policies or effective implementation. Together with my political team, I will continue to listen to the views of Honourable Members and members of the public with humility, so as to ensure that this Policy Address will set a new starting point for Hong Kong.

You can find her speech, highlights, press releases, and latest updates in this link: 2017 Policy Address 
Download full document (in PDF format) (about 3205KB).

Siste nytt fra Hong Kong; The Hong Kong Review

The latest edition of the Hong Kong Review, newsletter of the Hong Kong Economic and Trade Office, London (HKETO) is now online. The complete file can be viewed on our website at http://www.hketolondon.gov.hk or click here

Highlights in the latest edition are: 

Carrie Lam becomes fifth Hong Kong Chief Executive
Carrie Lam was sworn in as Chief Executive of Hong Kong on July 1 at a special ceremony attended by China’s President Xi Jinping. More... 
President Xi visits Hong Kong
President Xi Jinping arrived in Hong Kong on June 30 to attend celebrations to mark the 20th anniversary of the establishment of the HKSAR. More...

Carrie Lam tours Hong Kong districts
In her first full day in office, new Chief Executive Carrie Lam visited North District, Kowloon City District, and Central and Western District. More...