Topic “Hong Kong” — Exporter Magazine

With $79 billion of yuan deposits as of April 30, Hong Kong is the largest repository for China’s currency outside of the mainland, and the only place the yuan is commonly used or traded that is free from Beijing’s strict capital controls. The Ritz-Carlton Hong Kong, a luxurious hotel located on the top of the city’s tallest building, held its opening ceremony on Tuesday, claiming its title as the world’s highest hotel, according to Xinhua news. The agreement is a significant addition to New Zealand’s network of double tax agreements with key trading partners and is potentially valuable to businesses and investors from both here and Hong Kong. Exporters with interest in the Hong Kong market needing information about the recently signed Closer Economic Partnership Agreement between New Zealand and Hong Kong can attend information seminars held across three cities in mid June.