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The Hong Kong Government today welcomed the launch of a pilot free trade zone scheme in Shanghai.
Chief Executive CY Leung said Hong Kong is looking forward to further enhancing co-operation with Shanghai.
“We hope to contribute to the economic development of our nation through sharing our experiences on various fronts, including administrative management, free trade and the legal system," he said.


Financial Secretary John Tsang signed the 10th supplement to the Mainland & Hong Kong Closer Economic Partnership Arrangement, or CEPA, today.
He signed the deal with Vice Minister of Commerce Gao Yan at the Central Government Offices in Hong Kong.
It provides for a total of 73 services liberalisation, and trade and investment facilitation measures. It brings the total number of liberalisation measures for trade in services under CEPA to 403.


To celebrate the 20th Anniversary of the Companies Registry, the Registry has commissioned Professor S H Goo, Director of the Asian Institute of International Financial Law, University of Hong Kong, to conduct a study on the History of Company Incorporation in Hong Kong. A study report was published in July 2013.


The Business Registration Ordinance (Amendment of Schedule 2) Order 2013 has come into operation on 19 July 2013. Pursuant to the Order, the levy for business registration certificate is reduced from $450 per annum to $250 per annum. The new levy rate applies to business registration certificates issued for incorporation applications lodged on or after 19 July 2013 under the One-stop Company Incorporation and Business Registration Service. For registration of non-Hong Kong companies, the new levy rate applies to business registration certificates beginning on or after 19 July 2013 (i.e.


A double-taxation avoidance agreement between Hong Kong and Jersey has entered into force, the Financial Services & the Treasury Bureau said today.
The agreement was signed in February last year, and came into force on July 3 after both sides completed ratification procedures. 
In Hong Kong, the agreement applies to any year of assessment beginning on or after April 1, 2014.


Asia On The Edge 2013, an annual conference that aims to incubate new ideas and explore opportunities, will be held in Hong Kong for the first time, from July 4 to 7.
The conference was initiated in 2008 by the Old Parliament House Limited, a not-for-profit organisation in Singapore committed to enriching lives through arts and cultural initiatives. With the support of the Hong Kong Economic & Trade Office in Singapore, the event is being brought to Hong Kong. Secretary for Commerce & Economic Development Gregory So will speak at the opening ceremony. 


Financial Secretary John Tsang continued his Myanmar visit today by meeting President Thein Sein and other top officials in Nay Pyi Taw.
Mr Tsang first met Deputy Minister of Commerce Dr Pwint San, and promoted Hong Kong as a major service economy that is highly complementary with Myanmar's economic structure.
Dr Pwint San said Hong Kong entrepreneurs are among Myanmar's major investors, and welcomed more Hong Kong enterprises to set up businesses in his country.


Hong Kong’s global Foreign Direct Investment inflows ranked third in 2012, according to the United Nations Conference on Trade & Development's World Investment Report 2013 released today.
Foreign Direct Investment flows into Hong Kong exceeded US$75 billion in 2012, compared to a revised US$96 billion in 2011.
The report said the situation has been improving since the end of 2012 as strong capital inflows resumed into Hong Kong. Hong Kong ranked behind the US (US$167.6 billion) and Mainland China (US$121 billion).


Financial Secretary John Tsang started his visit to Cambodia today by meeting officials and attending a business luncheon in Phnom Penh.
He met Senior Minister and Minister of Commerce Cham Prasidh and they agreed to look for more business opportunities on the import-export, financial and infrastructure fronts between their jurisdictions. The minister thanked Mr Tsang for helping Cambodia seek a drastic reduction in tariffs from developed countries during the World Trade Organisation Ministerial Conference in 2005.


The seasonally adjusted unemployment rate was 3.4% in the March-May period, down on the 3.5% figure for the February-April quarter, the Census & Statistics Department announced today.
The underemployment rate remained unchanged at 1.6%.
Decreases in the unemployment rate were mainly observed in the transportation, and the arts, entertainment and recreation sectors.