Hong Kong earns top ranking in Financial Development Report
Hong Kong tops the World Economic Forum's (WEF's) Financial Development Report for the first time, up from fourth in 2010.

According to the December 13 report, Hong Kong has overtaken the United States and the United Kingdom to take the No. 1 spot with a score of 5.16 on a scale of 1 to 7.

CEPA supplement deepens trade and economic ties
The Hong Kong Special Administrative Region Government (HKSARG) and the Central People's Government have reached agreement on the enhancement of economic and trade cooperation and exchanges between the two places under the mainland China and Hong Kong Closer Economic Partnership Arrangement (CEPA).

Financial Secretary:
Innovation and technology are key to competitiveness
Innovation and technology, two industries being nurtured for priority development by the Hong Kong Special Administrative Region Government, are the most effective tools for sustaining the competitiveness of the territory's companies and economy, said Financial Secretary John C. Tsang.

Direct investment rises in 2010
At the end of 2010, the stock of Hong Kong's inward direct investment (DI) grew 16.7% from a year earlier to US$1,086.3 billion at market value, according to 2010 statistics released December 9 by the Census and Statistics Department of the Hong Kong Special Administrative Region Government.

Hong Kong-Zhuhai-Macao Bridge infrastructure projects commence
Hong Kong Chief Executive Donald Tsang officiated December 14 at a ceremony launching the Hong Kong Boundary Crossing Facilities (HKBCF) of the future Hong Kong-Zhuhai-Macao Bridge (HZMB).

Hong Kong Geopark gets global designation
Hong Kong Chief Executive Donald Tsang officiated December 14 at the opening ceremony of the Hong Kong Global Geopark of China.

Speaking at the ceremony, Mr. Tsang said the park's new global designation gives worldwide recognition to Hong Kong's significant geological heritage.

Total port cargo throughput increases 4% in third quarter
Hong Kong Financial Secretary John C. Tsang welcomed a November 4 communiqué of the G20 Leaders Summit that contains a basket of measures to boost economic growth, address global imbalances and ensure world financial stability.