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Property cooling measures effective: FS

Only 1% of property purchases were made by non-Hong Kong residents since the Government implemented property cooling measures, Financial Secretary Paul Chan says. 

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Alert issued on bogus websites

The Monetary Authority issued an alert today on four fraudulent websites purported to be linked to the Bank of East Asia and Industrial & Commercial Bank of China.

 

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HK to join AIIB

Financial Secretary Paul Chan has welcomed the Asian Infrastructure Investment Bank’s announcement that Hong Kong will become its new member upon the deposit of the first instalment of capital subscription with the bank.

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Alert issued on bogus websites

The Monetary Authority has issued an alert on two fraudulent websites purported to be linked to DBS Bank.

 

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CE to attend Boao Forum

Chief Executive CY Leung will visit Hainan on March 24 and 25 to attend the Boao Forum for Asia Annual Conference.

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Private-sector work up 0.8%

Total private-sector employment rose 0.8% year-on-year in December. Vacancies decreased 6%.

 

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Consumer prices down 0.1%

Overall consumer prices fell 0.1% year-on-year in February, the Census & Statistics Department says.

 

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Deal signed for closer HK-Mainland ties

Secretary for Commerce & Economic Development Gregory So has signed an agreement with Vice Minister of the State Administration for Industry & Commerce Liu Junchen to strengthen Hong Kong-Mainland economic co-operation.

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Goods exports down 2.3%

The volume of Hong Kong’s total exports of goods decreased 2.3% year-on-year in January, while the volume of goods imports dropped 3.9%, the Census & Statistics Department announces.

 

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Composite interest rate stable

The composite interest rate stayed at 0.32% at the end of February, the Monetary Authority says.

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GNI up 7.3% in Q4

Hong Kong's Gross National Income rose 7.3% year-on-year to $696.4 billion in the fourth quarter of 2016, while Gross Domestic Product grew 4.8% to $676.9 billion, the Census & Statistics Department announces.

 

 

 

 

 

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HK signs tax pacts with 6 jurisdictions

Hong Kong has signed agreements with six jurisdictions for conducting automatic exchange of financial account information on tax matters.

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New value list, rent roll ready

The newly declared 2017-18 Valuation List & Government Rent Roll will be available from March 20 to May 31.

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Homebuyers urged to be cautious

Potential homebuyers should be prudent in assessing their ability to repay mortgage loans in light of the US interest rate rise, Financial Secretary Paul Chan says.

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Filmmaking competition opens

Create Hong Kong has launched the 4th round of the First Feature Film Initiative to nurture filmmaking talent.

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Food truck dropouts to be replaced

The Food Truck Pilot Scheme has successful examples, and those who drop out of the scheme will be replaced by operators on the waiting list, Secretary for Commerce & Economic Development Gregory So says.

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Roundtable promotes corporate governance

Good corporate governance is indispensable to Hong Kong's development, Secretary for Financial Services & the Treasury Prof KC Chan says.

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Land leases to include cinemas

Two sites earmarked for sale in Kai Tak and Sha Tin will make the inclusion of cinemas mandatory, the Commerce & Economic Development Bureau announces. 

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HKEx appointments announced

Financial Secretary Paul Chan has announced the appointment of Stephen Yiu, and the reappointment of Margaret Leung, Anita Fung and Rafael Gil-Tienda as Hong Kong Exchanges & Clearing board members.

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Provident fund head reappointed

The Chief Executive has reappointed Dr David Wong as Chairman and non-executive director of the Mandatory Provident Fund Schemes Authority.

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