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Unformatted text preview: ing force of Hong Kong's
economic growth, providing impetus to growth of
other sectors, and creating employment. Six Economic Areas
April, 2009, the Task Force on Economic Challenges
(“TFEC”) agreed to study how to further develop the
following six economic areas where Hong Kong has
enjoyed clear advantages:
Testing and Certification
Innovation and Technology
Cultural and Creative Industries Policy Co-ordination
Tourism: HK has recently abolished quota for
mainland tourists – Individual Visit Scheme (IVS).
More “two-way permits” are also issued for family
Financial markets: H-shares (since ‘92) and Red Chips.
US dollar clearing in fall of 2000 promotes listing in US
dollars, facilitating H-shares. HK could become world's
largest stock market in the long run. Second Board
established in Nov. 1999.
Exchange rate stabilization: Important for market
psychology during the AFC. In the long run, China's
interest is best served by a more flexible exchange rate
while HK's interest is best served by the Linked Rate.
Closer Economic Partnership Arrangement (CEPA) Three Distinct Periods and
Third Economic Restructuring
The entire pre-World War II period – Entrepôt S...
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This document was uploaded on 03/26/2014.
- Spring '14