December 15 - 20, 2018

CIVIL SERVICE

Application for 2019 Administrative Service Internship Programme opens

Hong Kong students currently studying in the US can apply for the Administrative Service Internship Programme 2019. The government internships offer tertiary students the opportunity to get relevant hands-on experience in the Administrative Service. They will have the chance to work within Hong Kong’s 13 bureaux and over 30 departments and visit relevant public organizations. The applications must be postmarked on or before Jan 25, 2019.

BUSINESS & FINANCE

Hong Kong on track for IPO crown

With 209 companies listed on the Hong Kong Stock Exchange as of Dec 20, raising US$35.8 billion, Hong Kong is on track to be the world's top IPO fundraising market for 2018. A total of 28 new economy companies have gone public in Hong Kong, including smartphone company Xiaomi and food delivery online service Meituan Dianping, raising US$17.4 billion so far and accounting for nearly half of total IPO fundraising amount. As an international market, Hong Kong remains focused on strengthening the fundamentals by opening up to a wider range of issuers and giving investors even more choice, said Chief Executive of Hong Kong Exchanges and Clearing Charles Li.

HEALTH

First children’s hospital opens

The first hospital specialized for children in Hong Kong opened its doors (Dec 18), providing services in its specialist outpatient clinics for oncology, nephrology and metabolic medicine. Other outpatient clinics and inpatient services will be commissioned gradually in phases in 2019. Located at the Kai Tak development area, the US$1.7 billion Hong Kong Children’s Hospital has a planned capacity of about 500 day and night beds.

Basic Law

Hong Kong and its Basic Law

The Basic Law (BL) is the constitutional document of the Hong Kong Special Administrative Region (HKSAR). Put into effect on July 1, 1997, it enshrines within a legal document the important concept of “One Country, Two Systems". 

Q: Can foreign enterprises still participate fully in Hong Kong’s economy?

Yes. Hong Kong welcomes and encourages the participation of foreign enterprises, and provides a level playing field for all. There are no foreign exchange controls in Hong Kong and no restrictions on the trading of gold, securities, futures and the like. The Basic Law stipulates that Hong Kong shall maintain the status of a free port, pursue the policy of free trade and safeguard the free movement of goods, intangible assets and capital. (BL Articles 112; 114; 115)

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Hong Kong Economic and Trade Office, New York

115 East 54 Street 10022 New York US