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Big Step Forward in HK's Securities Market
The HK Securities and Futures Commission and the China Securities
Regulatory Commission have just approved, in principle, a "Shanghai-Hong
Kong Stock Connect" pilot program, which will establish stock market
trading links between HK and Shanghai. This will allow HK and overseas
investors to trade, for the first time, eligible stocks listed on the
Shanghai Stock Exchange through the HK Stock Exchange directly.
The ground-breaking initiative will connect the HK and Shanghai
securities markets, and it is a development that will have long-term,
strategic significance. As China's global financial center, HK will
continue to play an important role in the two-way opening up of Mainland
China's capital market to the world. For more information, please
visit - http://www.info.gov.hk/gia/general/201404/10/P201404100513.htm
IMF: HK's GDP to grow by 3.75% in 2014
This week, the IMF published the Preliminary Conclusions of its 2014
Article IV Consultation discussions, projecting that HK's real GDP will
grow by 3.75% in 2014. The report also praised the city's robust
financial oversight and sound fiscal management policies, which are
supported by an improving global economy and solid domestic demand.
Further details of the IMF's assessments are at this link - http://www.info.gov.hk/gia/general/201404/09/P201404090417.htm
Hong Kong Kung Fu Fest 2014
An equally exciting development in Hong Kong is our annual
International Film Festival, which just took place over the past two
weeks. The Festival featured 300 titles (in almost 400 screenings) from
56 countries and regions, 88 of which are world (11), international (9)
or Asian (68) premieres. The next talk of the town in the HK's film
and entertainment business will be the 33 rd Hong Kong Film Awards on April 13,
which is the HK version of the American "Oscars", when many of our
leading film talents including Wong Kar-wai and Stephen Chow will be
vying for the various awards up for grab. For the nomination list,
visit the awards website at: http://www.hkfaa.com/winnerlist.html.
To echo these celebrations in New York, my office will be presenting a
retrospective of select films of the legendary HK Kung Fu master Lau
Kar-leung at the Anthology Film Archives ( 32 Second Avenue, New York, NY 10003) on April 18-20, 2014. At the screening of "The 36 th Chamber of Shaolin" at 8:00pm on April 18,
we have also invited a veteran Wing Tsun master, Alex Richter, to speak
on Lau's legacy and how this HK Master inspired him to be a Kung Fu
follower. Tickets are now available for sale at http://www.brownpapertickets.com/event/607097 and I look forward to meeting you there! | 
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