Closeup of Chinese Lanterns in red and yellow

News Category: Hong Kong News clear

Published in Hong Kong News on 14.04.2020

COVID-19: Subsidies in Hongkong

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 on 13.06.2019

Hong Kong News: ASEAN-Hong Kong Free Trade Agreement enters into force

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 24.01.2018

Hong Kong News: December inflation up 1.7%

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

Hong Kong News: New SME Initiative - Technology Voucher Programme

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 10.08.2016

Hong Kong News: New guidelines shall aim to ease the opening of bank accounts for foreign companies and investors in Hong Kong

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 19.10.2015

Hong Kong NEWS: Hong Kong no longer on ECs list of non-cooperative jurisdictions

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

Hong Kong News: Hong Kong and Malta sign tax treaty

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