Hong Kong Update July 2007 Issue
 Home >>News Capsules

  New Government Team Sworn into Office
  Canada Celebrates HK SAR 10th Anniversary   
  Bauhinia Gala Thrills Toronto
  Canadian Business Urged to “Act Now”
  "HK Spirit" Soars at Dragon Boat Race Festival
  Chinese Canadian Legend 2007
  Quebecers Learn Hong Kong Advantage
  Film Fests Celebrate, Promote Hong Kong
  InvestHK Supports Expanding Business Landscape
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News Capsules

New Records, Awards for HKIA
Hong Kong International Airport (HKIA) won the Airport Transport Research Society’s 2007 Asia-Pacific Airport Efficiency Excellence Award and the Best International Airport Prize in the 2007 TravelWeekly (Asia) Industry Awards. This in a year which saw HKIA set records in all air traffic figures for the financial year 2006/07. The facility handled over 45 million passengers and 3.57 million tonnes of cargo, up 8.5% and 2.8% respectively over the previous year. Aircraft movements reached 283,000, a 4.8% growth compared to the same period last year.

Surge in Visitor Arrivals
Visitor arrivals in Hong Kong in the first six months of 2007 have increased by 6.8% to more than 13 million. The figure includes more than 2.03 million arrivals in the region in the month of June alone, which represents a year-on-year growth of 7.7%. The Americas posted 839,945 arrivals in the first half of this year, a 6.8% growth over last year’s first-half figure of 786,723. Of the 2007 figure, Canadian arrivals numbered 174,354 which translates to an 11.5% growth over last year’s first-half figure of 156,309. Arrivals from the United States totalled 589,154 in the first half of this year, compared with 564,256 last year, a growth of 4.4%.

Hong Kong's Foreign Currency Reserve Assets 
The Hong Kong Monetary Authority announced that the official foreign currency reserve assets of Hong Kong amounted to US$137.1 billion at the end of July 2007 (end-June 2007: US$136.3 billion).

Hong Kong is the world's ninth largest holder of foreign currency reserves based on the latest published figures, after Mainland China, Japan, Russia, Taiwan, Korea, India, Brazil and Singapore.

Economic Benefits of Exhibition Industry up 39% 
The "Economic Impact Study Report - 2006", which measured the economic impact of the exhibition industry for 2006, showed that activities associated with Hong Kong’s exhibition industry contributed HK$26.4 billion (US$3.38 billion) to the Special Administrative Region’s economy in 2006, equivalent to 1.8% of Hong Kong’s total GDP.

The report findings confirmed the significant contribution of Hong Kong's exhibition industry to the city's overall economy and that it has grown strongly since the release of the first report on the industry in 2004. 

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