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The IDC, founded in 1964, is a global provider of market intelligence, advisory services and events in information technology, telecommunications and consumer technology markets.

The Guangzhou branch of the PICC Property and Casualty co-signed insurance policies with two companies on Thursday for overseas intellectual property right infringement liability, the first policies of this kind in the country.

The Hong Kong government should continue taking a leading role to talk to residents of different districts and sectors on broader topics, Ho said, adding that more senior officials should be involved in community dialogues in the future.

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The Hainan free trade port and reform plan is another example of market-oriented reform policies implemented throughout China in recent years. There has been strong emphasis on strengthening the rule of law, which is necessary for an efficient commercial system. At the two sessions meetings this year, the government announced strong steps to aid private businesses, especially small and medium-sized businesses. Last year, further steps were taken to ensure equal treatment for foreign businesses.

The Fed has raised rates nine times since 2015, but last year investors became concerned that money was too tight and could tip the economy into a recession, defined as at least two consecutive quarters of negative growth. In March, most Fed officials expected no rate increases in 2019 but there was no talk of a cut. It left rates unchanged in May. Inflation remains low.

The Huawei Cloud Summit 2019, from Wednesday to Thursday, is expected to attract over 2,000 customers, partners, industry academics, and developers of Huawei from Singapore and the Asia-Pacific region to gather, share and discuss innovative products and intelligent practices from fields, such as cloud computing, AI, and big data.

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The Fuxing trains are a substantial upgrade on the previous bullet trains known as Hexie (Harmony). Entirely designed and manufactured in China, the Fuxing is more spacious and energy-efficient, with a longer service life and better reliability.

The Heng Sang Index, the Hong Kong market's benchmark, surpassed 28,480 points in the second week of this month, the best rally since December 2007.

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The Hong Kong-listed company recorded 3.33 billion yuan (0 million) in operating revenue last year, growing 18.4 percent year-on-year, while net profit to equity holders declined 9.6 percent according to its annual report released on late Wednesday.

The Hong Kong Monetary Authority raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 1.75 percent.