PHNOM PENH - China's Hong Kong Special Administrative Region (HKSAR) and Cambodia still have huge room for growth in trade and investment, a HKSAR's top economic official said here on Tuesday.Trade volume between HKSAR and Cambodia rose to $1.2 billion in 2017, an average increase of 3.1 percent a year since 2013. On the investment side, HKSAR had invested about $1.33 billion in 257 projects in Cambodia in the last two decades.The current $1.2 billion volume of trade in goods is just a humble sum that stands a high chance of expansion, especially if our trading relationship prospers in the areas of mutual investment and professional services, Edward Yau, HKSAR's Secretary for Commerce and Economic Development, said in a speech during a Luncheon Seminar.The seminar was attended by approximately 300 HKSAR and Cambodian business people and officials.Hong Kong and Cambodia are much closer than we thought and together we could foster an even closer economic and trade relationship, he said.Yau, who led a 48-strong HKSAR delegation of businessmen and professionals, arrived in Cambodia on Monday, the first leg of their two-nation tour, which will also bring them to Vietnam.The mission was the first of its kind to Southeast Asia since HKSAR signed a free trade agreement and a related investment agreement with the Association of Southeast Asian Nations (ASEAN) in November last year. custom silicone wristbands24 hour wristbandsballer bandscool wristbandscustom rubber band braceletsprinted bracelets
Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd and Cheung Kong Property Holdings Ltd speaks during a news conference in Hong Kong, March 22, 2017. [Photo/VCG] Hong Kong billionaire Li Ka-shing, 90, announced today he is retiring from his companies. Li said he will officially step down as the chairman of CK Hutchison and CK Asset later this year and will serve as a senior adviser. He will be succeeded by his elder son Victor Li Tzar Kuoi. The 89-year-old tycoon made the announcement at a press conference where his four listed companies, CK Hutchison, CK Asset Holdings Ltd., CK Infrastructure Holdings Ltd. and Power Assets Holdings Ltd., released their annual results. His net worth is $35.4 billion as of today, and is ranked 24th on the list of world's billionaires, according to forbes.com. Li is one of the richest and most influential tycoons in Asia, with interests in everything from ports and utilities to telecoms. His companies employ some 310,000 people in more than 50 nations. According to Forbes, his Li Ka Shing Foundation has donated more than $2.6 billion; over 80 percent has gone to Greater China. In 1950, after learning how to operate a plant, Li founded a plastic manufacturing company in HK with personal savings and funds borrowed from relatives. Li started out by supplying HK and the rest of the world with high-quality plastic flowers at low prices in the 1950s.
