Published in Hong Kong News by Adrian Stromski on 08.05.2020
The Hong Kong government has put together a massive aid package to cushion the impact of the crisis on businesses and individuals. A core element is the support of salary payments from companies to retain jobs.
Published in Hong Kong News by Adrian Stromski on 14.04.2020
In Hong Kong, as in many other parts of the region, the COVID-19 pandemic is slowing down. This provides the opportunity to address the economic consequences .
Due to the economic impact of the global shutdown, the Hong Kong government has taken measures to stabilize the economic situation and established a Pandemic Response Fund to mitigate the negative effects of the corona crisis.
Published in Hong Kong News by on 13.09.2019
A poll of 55 US and European companies with operations in Hong Kong indicated that optimism is rising with regard to the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development, despite the escalating trade dispute between the US and mainland China.
Published in Hong Kong News on 06.08.2019
Leading banks in Hong Kong allegedly reduce account opening requirements for start-ups and SMEs.
Published in Hong Kong News on 13.06.2019
The ASEAN – Hong Kong Free Trade Agreement (AHKFTA) entered into force on 11 June 2019 for Hong Kong and five ASEAN Member States, namely, Lao PDR, Myanmar, Singapore, Thailand and Viet Nam. Under the AHKFTA, Hong Kong and Singapore will grant tariff free access and will bind their customs duties at zero upon entry into force of the agreement. B… » read more
Published in Hong Kong News on 02.05.2019
Year after year, Hong Kong SAR has topped the rankings for the world’s least affordable housing markets. The city’s sky-high property prices have pushed residents into tiny living spaces, including the notorious subdivided apartments known as “coffin homes”.
Published in Hong Kong News on 24.01.2018
The Census & Statistics Department announced that the overall consumer prices rose 1.7% year-on-year in December. Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was also 1.7%, slightly higher than the 1.6% rise in November. Year-on-year price increases were recorded for meals bought away from… » read more
Published in Hong Kong News on 09.12.2016
In an effort to strengthen the competitiveness of Hong Kong businesses the Hong Kong Government launched a 500 million Dollar Pilot "Technology Voucher Programme" (TVP) under the Innovation & Technology Fund. This programme aims to subsidise SME’s use of technological services and solutions to improve productivity and upgrade business processes.
Published in Hong Kong News on 01.11.2016
Hong Kong’s unemployment rate stays extraordinary low. Last figures show the rate at 3.4% for the third quarter 2016 with a seasonal adjustment with a voluntary fluctuation of about 15%. From an employer’s view, the stable job market brings challenges in keeping employees with the company as many opportunities for demanded talent are inviting. The… » read more
Published in Hong Kong News on 10.08.2016
The Hong Kong Monetary Authority (HKMA) plans to release new guidelines to simplify the opening process of bank accounts. Several banks made the account opening for start-ups and foreign SMEs very difficult. The HKMA urges all banks to strike a balance between compliance requirements and the providing of basic services for the public. The… » read more
Published in Hong Kong News on 17.06.2016
Arthur Yuen (is deputy chief executive of the Hong Kong Monetary Authority) in an insight opinion for the SCMP says that banks’ due diligence checks on customers need to be stringent but not prohibitive, so that SMEs – particularly start-ups and foreign companies – can access the services they need.
Published in Hong Kong News on 01.06.2016
City’s efforts to create business friendly environment give it edge over rival Singapore and former champion, the US.
Published in Hong Kong News on 19.10.2015
In June the European Union has named Hong Kong as one of the international territories and countries that are not cooperating in efforts to fight tax avoidance and included HK in its list of ‘non-cooperative’ jurisdictions for tax purposes. The EC named any jurisdiction that was, at the time of publication, blacklisted as a tax haven by at least 10 EU member states.
Published in Hong Kong News on 08.11.2011
The Secretary for Financial Services and the Treasury, Professor K C Chan, signed in Hong Kong today (November 8) an agreement with the Republic of Malta for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on behalf of the Hong Kong Special Administrative Region Government. The Ambassador of… » read more
