New Economics Basis

As President Donald Trump on Saturday reaches the one-yr mark since his inauguration, the U.S. economy is booming. RMB deposits in Hong Kong, excluding RMB certificates of deposits, totalled RMB628 billion as of November 2016, more than tenfold the extent seen in July 2009. As at end-2017, there were 191 authorised establishments and forty nine consultant offices in Hong Kong. Hong Kong is a highly engaging marketplace for foreign direct funding (FDI). Throughout President Obama’s first yr, 2009, the recession-racked unemployment rate continued to climb until it peaked at 10 percent in October.

Mainland industrial banks together with Financial institution of Beijing, Bank of Dongguan, China Bohai Bank, China Guangfa Financial institution, Hua Xia Bank and Ping An Bank have representative offices in Hong Kong. Allowing Xi Jinping to stay president indefinitely places him on monitor to deal with a few of China’s weightiest lengthy-term sovereignty challenges, particularly the fates of Hong Kong and Taiwan.economic news article

Additionally, Hong Kong is a member of the Asia-Pacific Financial Cooperation (APEC) and the Pacific Economic Cooperation Council (PECC). Lee’s Summit, MO—November 10, 2017— Greg Graves, former CEO of Burns & McDonnell, headlined the Lee’s Summit Financial Growth Council’s Speaker Sequence luncheon on Wed., Nov. …

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