On 1 January 2018, two product-related Regulations which were published in the EU’s Official Journal began to apply EU-wide. One of these opens and provides for the management of autonomous tariff quotas for certain agricultural and industrial products, while the other suspends the autonomous common customs tariff duties on certain agricultural and industrial products. More
Consumer prices grew 1.5% year-on-year in 2017, after increasing by 2.4% for 2016. Inflationary pressure should be contained in the near term, underlying inflation rate forecast for 2017 revised slightly down to 1.7%. Hong Kong’s merchandise exports increased by 8% year-on-year in 2017, after a marginal decrease of 0.5% in 2016. More
OECD said about US$6.9 trillion is needed annually to invest in infrastructure around the globe during 2016-2030 to support sustainable economic development. Indeed, there is marked increase in mainland Chinese enterprises investing in infrastructure projects under the Belt and Road Initiative. This is bound to fuel a rise in demand for professional services from mainland enterprises, generating opportunities for Hong Kong service providers. More
The spotlight shone on Hong Kong as a pivotal innovation hub for disruptive technologies such as AR/VR (augmented reality/virtual reality), humanlike robots, artificial intelligence, blockchain technologies and advanced manufacturing during the conference “Fly High in Asia,” held at the January 2018 International Consumer Electronics Show (CES) in Las Vegas.
JaneClare, a brand created by Laboratory JaneClare, not only makes its skincare products in Hong Kong, but has also based its laboratory and its R&D team in the city. Overall, the full range of the company’s operations – including R&D, production, packaging, sales and management – all take place in Hong Kong. The chairman and associated director of JaneClare explained how the company’s brand has managed to stand out from Hong Kong skincare market. More
With the pet-product market all but saturated in many of the world's more developed countries, the potential size of the China market, as well as the surge in pet-ownership levels there, have proved irresistible for global businesses targetting the sector, as highlighted by the November China International Pet Show (CIPS) in Shanghai, which featured more than its fair share of overseas exhibitors. More