Please click on each headline for the latest news on Hong Kong and China:
Hong Kong 3rd in global ranking in financial development
The World Economic Forum (WEF) just released its 3rd Financial Development Report, in which Hong Kong is ranked 3rd among 57 economies in the world and 1st in Asia.
Hong Kong's ranking has improved from 5th in 2009 to 3rd this year with a slight increase in score. Singapore remains 4th. The United States takes the top position (up from 3rd) despite of an essentially unchanged score, while the United Kingdom moves down from 1st to 2nd. The rest in top 10 are Australia, Canada, Netherlands, Switzerland, Japan and Belgium
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Hong Kong – 2nd largest centre for wine auctions
The Hong Kong International Wine & Spirits Fair is a major trade fair in the region in November. A record number of close to 700 exhibitors from 29 countries took part in this year's 3rd edition of the fair, with the largest overseas presence from Australia, France, Italy and Spain.
Since the elimination of duties on wine and beer in 2008, Hong Kong's wine-related business has experienced robust growth. Total wine imports into Hong Kong increased by 72 per cent in the first nine months of 2010. Hong Kong is now the 2nd largest centre for wine auction in the world, overtaking London.
Survey confirms Hong Kong is a preferred business hub
The number of overseas and Mainland Chinese companies running business operations in Hong Kong has increased 2.6 percent to a total of 6,561 companies, according to an annual survey released by Invest Hong Kong and the Census and Statistics Department.
The growth reflects the rebound of Hong Kong's economy in the wake of the global financial crisis. With regards to country of origin, roughly half the parent companies come from four countries -- the United States, Japan, mainland China, and the United Kingdom.
The financial and banking sectors demonstrated the most robust growth and reinforced Hong Kong's status as a world-leading international financial centre. Finance and banking regional headquarters increased five percent to 135 and local offices increased 13 percent to 622.
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Two more Hong Kong hospitals awarded international accreditation
The Queen Elizabeth Hospital and the Caritas Medical Centre in Hong Kong have been awarded full accreditation for four years by the Australian Council on Healthcare Standards.
The award is a reputable recognition for the significant achievements of the hospitals in the pursuit of quality patient care. It also confirms the hospitals' capability in developing an effective framework for continuous quality improvement comparable with international counterparts. The Pamela Youde Nethersole Eastern Hospital was earlier given a similar accreditation.
