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It doesn’t matter what the character of your corporation, you want to be aware of what is going on in your native financial system. In December 2014, the Settlement between the Mainland and Hong Kong on Reaching Fundamental Liberalisation of Commerce in Providers in Guangdong (Guangdong Agreement) was signed, enabling early realisation of basic liberalisation of trade in services with Hong Kong in Guangdong.
Put aside HK$20 billion for the first section of the Hong Kong-Shenzhen Innovation and Expertise Park in the Lok Ma Chau Loop. In keeping with the Ministry of Science and Technology, in 2016, Hong Kong was the seventh largest source of know-how imports for the Chinese language mainland by way of contract worth (US$879 million), accounting for two.9% of the whole.
This text is a part of a particular series to mark Business News’ 25-year anniversary. In response to the UNCTAD World Investment Report 2018, global FDI inflows to Hong Kong amounted to US$104 billion in 2017, ranked third globally, behind only the Chinese mainland (US$136 billion) in Asia.
They fail to inform the reality in their information articles, they usually ruin their credibility. The Chinese language mainland, however, is a leading investor in Hong Kong. By the top of 2017, among all the abroad-funded tasks approved in the Chinese Mainland, 44.9% were tied to Hong Kong pursuits.
In terms of outflows, Hong Kong ranked third in Asia with US$eighty three billion, after Japan (US$160 billion) and the Chinese mainland (US$one hundred twenty five billion). Lots of people didn’t saw that coming, not even among the speculators within the stock market.