English | 中文版 |  Русский

Breaking News:

Hong Kong - Latest News/Current Events, Economic Overview & Trade Relations

AEI | Quick Facts about Hongkong

Official Name Hong Kong Special Administrative Region
Capital - - -
Location Eastern Asia, bordering the South China Sea and China
Area total: 1,092 sq km land: 1,042 sq km water: 50 sq km
Climate subtropical monsoon; cool and humid in winter, hot and rainy from spring through summer, warm and sunny in fall
Terrain hilly to mountainous with steep slopes; lowlands in north
Hong Kong
Hong Kong

Economic 'Tsunami' Tarnishes Hong Kong Jewelry Trade

Hong Kong's jewelry market is slumping due to slowing external demand for luxury goods in light of the global economic crisis.

read full news
Hong Kong

Hong Kong's Stimulus Has Been Effective

In a recent visit, the IMF has reported positive changes in Hong Kong's financial system assuring that measures taken by the government have been effective and that Hong Kong's banking system remains, stable, very liquid and well capitalized.

read full news
Hong Kong

Hong Kong: CNPC Unit Eyes More Mainland Gas Projects

CNPC Hong Kong Ltd has announced plans to acquire further city-gas distribution projects from China National Petroleum Corp., the country's biggest petroleum producer.

read full news
Hong Kong

Hong Kong Falls Into Recession

Hong Kong fell into recession in the third quarter as the global economic slowdown continues to impact its economy.

read full news
Hong Kong

Revival may wait until after Games as stocks plunge

Hong Kong stocks plunged 2.1 percent yesterday to hit a new one-year low, as the recent wave of selling spread to Hong Kong banks and property plays.

read full news
Hong Kong

Hong Kong Metals export values up 15.9%

The Census & Statistics Department of Hong Kong reported that the export value of basic metals and fabricated metal products rose by 15.9 percent and also chemicals and chemical products rose 6.4 percent in the second quarter.

read full news
 

Browse Asia News Archive


editor picks 

Trade Agreements

People's Republic of China, Hong Kong Closer Economic Partnership

i. The Closer Economic Partnership (CEPA) between the People's Republic of China and Hong Kong is a Free Trade Agreement that allows residents and companies of Hong Kong preferential access to the mainland market. The objectives of the agreement, as stated in the legal document, are to strengthen trade and investment between the two sides and promote development. Both parties meet regularly and add supplements to the agreement. The three main areas CEPA covers involve measures for promotion of trade and investment, opening the mainland market to Hong Kong service providers, and the elimination of tariffs on locally manufactured goods. CEPA also encourages foreign investors to establish businesses in Hong Kong to reap the benefits of both the Hong Kong opportunities as well as those in the mainland.

view details

editor picks 

Trade Organizations

No data returned!