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International Financial Center

 

The Financial Secretary also set out a series of proposals to fortify the city’s competitiveness as an international financial center. Over the next five years, the Government will issue green bonds totaling US$8.5 billion (HK$66 billion). We will also continue to issue inflation-linked retail bonds and Silver Bonds, totaling at least US$1.6 billion (HK$13 billion). To encourage the development of private equity funds in Hong Kong, tax concessions for carried interest issued by private equity funds will be provided.

Economy/Special Relief Measures

 

Adopting an expansionary fiscal stance, Hong Kong’s Financial Secretary Paul Chan announced a wide range of measures on February 26, 2020 to stimulate the economy and to tackle the current economic challenges by making optimal use of the fiscal reserves in his 2020-21 Budget.

 

Hong Kong’s economy contracted by 1.2% in 2019, and the full-year growth for 2020 is forecast to be between -1.5% and 0.5%. In the medium term, Hong Kong’s economy will grow by an average of 2.8% per annum in real terms from 2021 to 2024.

 

The sound fiscal reserves of about US$141 billion (HK$1,100 billion) allow the Government to implement counter-cyclical measures to help support enterprises and smoothen livelihoods. These measures include a one-time cash payout of US$1,282 (HKS10,000) to Hong Kong permanent residents, concessionary low-interest loan for small and medium enterprises and reductions in salaries and profits tax.

Creditors Adjustment Bureau

CAB is one of the country’s premier collection agencies and law firms and has successfully represented thousands of companies throughout 64 years in business. CAB’s commitment is to bring exceptional recovery and service to clients through the strategic resources of its law firm and the professional collection expertise of their agency. CAB’s China division has an excellent track record in collecting debt for Chinese and Hong Kong companies here in the U.S. as well as in China and Hong Kong.

May 18, 2017 (Thursday) – 2017 Orange County World Trade Week Breakfast & Forum

· May 18, 2017 (Thursday) – 2017 Orange County World Trade Week Breakfast & Forum

When: May 18, 2017 (Thursday) 7:00 AM – 11:00 AM
Where: Irvine Marriott, 18000 Von Karman Ave, Irvine, CA 92612

Keynote Speaker: Barry Draskovich, Group VP of Program & Contract Management, Parker Aerospace
Topic: Chutes and Ladders: Winning in the Global Trade Game

Program:
· Orange County Trade Overview
· Export Success Stories Panel
· Network and connect with international consuls, chambers and trade organizations

Admission:
· $65 includes breakfast, parking, and networking
· $600 for a table of ten

RSVP: bit.ly/518wtw
ICC_OC-Trade-Week_BC_Full-Page (1)

Luncheon presented by International Bankers Association

March 30, 2017 (Thursday) – Special Luncheon presented by International Bankers Association of California (IBAC)

When: March 30, 2017 (Thursday) 11:30 AM – 1:30 PM
Where: The California Club, 538 South Flower Street, Los Angeles, CA 90071

Keynote Speaker: Stephen Cheung, President of World Trade Center Los Angeles (WTCLA)

Admission:
· HKASC Members – $55 / $67.5 with parking
· Non-Members – $65 / $77.5 with parking

RSVP: bit.ly/330-luncheon

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