Saturday, December 16, 2017

China economic forum held

China economic forum held

The Hong Kong Special Administrative Region Government Central Policy Unit and the National Academy of Economic Strategy of the Chinese Academy of Social Sciences today held the International Forum on China's Economy & Policy.   Held at the Central Government Offices, the forum studied and analysed China's economy following the 19th CPC National Congress.  …
Nicholas Yang visits North District

Nicholas Yang visits North District

Secretary for Innovation & Technology Nicholas Yang opened a learning centre at a primary school in North District today.   He opened the STEAM InnoArena at Fung Kai Innovative School where he viewed a demonstration of virtual reality learning activities and students told him about the fun of coding.   Mr Yang said popular science…
Edward Yau attends WTO conference

Edward Yau attends WTO conference

Secretary for Commerce & Economic Development Edward Yau attended the 11th World Trade Organization Ministerial Conference opening session yesterday in Buenos Aires, Argentina.   Mr Yau chaired a ministerial breakfast meeting on investment facilitation for development, saying the conference is a timely opportunity to take discussions to the next level.   "We are seeking to…
HK wins innotech awards

HK wins innotech awards

Hong Kong was a top performer at this year’s Asia Pacific Information & Communications Technology Alliance Awards, scooping up nine awards out of 173 entries.   The Hong Kong delegation won four Winners and five Merits in nine of the contesting categories of the awards, which are dubbed the Oscars of the ICT arena in…
Investors warned of geopolitical risk

Investors warned of geopolitical risk

Investors should be cautious in face of rising global volatility.   Secretary for Financial Services & the Treasury James Lau made the statement after attending a radio programme today.   Noting the solid economic recovery in many places, Mr Lau said investors should pay attention to geopolitical risk.   He cited North Korean missile tests…
Germany’s Metro pulls plug on China convenience store business after less than two years

Germany’s Metro pulls plug on China convenience store business after less than two years

German retail and wholesale giant Metro AG, has closed all its convenience stores in China less than two years after setting them up, citing what it said were “drastic changes” in the business environment, including skyrocketing rents in major cities. Its four MyMart stores in Shanghai, which sold fresh and cooked food, as well as…
Foreign currency reserves up

Foreign currency reserves up

Hong Kong's foreign currency reserve assets rose to US$422.1 billion in November from US$419.2 billion in October, the Monetary Authority said today.   Including unsettled foreign exchange contracts, foreign currency reserve assets at the end of November rose to US$413.5 billion from US$410.9 billion in October.   The reserve assets represent more than seven times…
Edward Yau to attend WTO meeting

Edward Yau to attend WTO meeting

Secretary for Commerce & Economic Development Edward Yau will attend the 11th World Trade Organization Ministerial Conference in Buenos Aires from December 10 to 13.   He will serve as one of the vice chairs of the conference and convene meetings of the plenary sessions.   Mr Yau will address the plenary session of the…
Fairness reminder issued to banks

Fairness reminder issued to banks

Banks have been reminded not to unreasonably impede access to banking services by legitimate businesses and ordinary citizens while implementing robust regulatory measures.   Secretary for Financial Services & the Treasury James Lau told legislators today the Monetary Authority received 117 complaints concerning account closures by banks in the first 10 months of this year.…
FamilyMart Uny is considering a sale of its Hong Kong retail business for up to US$100 million

FamilyMart Uny is considering a sale of its Hong Kong retail business for up...

FamilyMart Uny Holdings Co., Japan’s second-largest convenience store operator, is considering a sale of its Hong Kong retail business, people with knowledge of the matter said. FamilyMart Uny is working with a financial adviser to gauge potential buyer interest in its three stores in the Chinese territory, according to the people. It is seeking to…
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