Transcript London 4Feb2002

Talk at
Estonian Chamber of Commerce and Industry
30 March 2016
Mr Paul Leung, Assistant Director-General,
Hong Kong Economic and Trade Office, London
Hong Kong SAR Government
1
Hong Kong’s Trade and Economy
Robust external trade – WTO ranking (2014)
Merchandise trade: 8th largest
Services trade: 18th largest
Solid economic fundamentals
Steady growth: 2015 GDP growth 2.4%
Low inflation: 2015 inflation 2.5%
Full employment: unemployment rate 3.3% only
Recognition: World Freest Economy for 22 consecutive years by Heritage Foundation
2
Hong Kong’s Opportunities
Financial
International financial centre – strategic
geographical location, liberal economic policy,
free flow of capital and information, diligent
workforce, reliable legal system, independent
judiciary, low tax rate, superb infrastructure
Financial services – 71 out of the world’s largest
100 banks operating in Hong Kong; 7th largest
stock market on market capitalisation; 2nd funds
raised through initial public offerings
Renminbi business – world largest offshore RMB
centre with 1 trillion RMB liquidity; 660 billion
RMB bonds issued accumulative; 5,700 billion
cross-border RMB trades in Jan-Oct 2015
3
Hong Kong’s Opportunities
Trade
Closer Economic Partnership Arrangement – zero tariff for Hong Kong products exported
to Mainland China
Super-connector between Mainland China and UK – unique advantages of “One Country
Two Systems”, springboard to market in Mainland China
Hong Kong – ASEAN Free Trade Agreement – merchandise trade between Hong Kong and
ASEAN: EUR 88 billion; further facilitate flows of goods, services and investment
4
Licensing Requirements for
temporary food stalls
Depends on the requirements of individual case
Examples:
1. Temporary places for public entertainment licence
2. Restaurant licence – for consumption at the premise
3. Food factory licence – for consumption off the premise
4. Permit for restricted food e.g. meat, milk, eggs
5. Liquor licence – for consumption of liquor at the premise
6. Also concerns on fire and structural safety
5
Licensing Requirements for
temporary food stalls
One-Stop-Shop Service licensing service
Fishery, Environment and Food Department
of the Hong Kong SAR Government
6
Websites:
Thank you!
Hong Kong Economic and Trade
Office, London
www.hketolondon.gov.hk
Hong Kong Trade Development
Council
www.hktdc.com
InvestHK
www.investhk.gov.hk
Hong Kong Tourism Board
www.hktb.com
7