Published in China News on 29.07.2019
The re-emergence of Asia is among the most important shifts that will occur in our lifetimes. Next year, in purchasing power parity (PPP) terms, Asian economies will become larger than the rest of the world combined for the first time since the 19th century. Not only is Asia growing richer; as it becomes more integrated, it is also coalescing as a constructive force for global governance.
Published in China News on 10.07.2019
The changes China’s economy has undergone over the last decade are sweeping, unprecedented, and essential. The world would be far better served by an effort to understand them than by attempting to prove that the country’s achievements are less impressive than they are.
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 China News on 12.04.2019
The days of 10% annual growth for the Chinese economy have ended, as was inevitable. But there is good reason to believe that the real story is not the slowdown, but the shift in Chinese output from quantity to quality.
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 on 30.01.2018
To better meet the needs of applicants for China Mainland visas and to provide better services, with the approval of the Ministry of Foreign Affairs of the People's Republic of China, the Office of the Commissioner of the Ministry of Foreign Affairs in the Hong Kong SAR will introduce a visa outsourcing reform to handle visa applications through a visa application service center.
Published in ASEAN News on 24.01.2018
ASEAN has witnessed enormous growth since it was founded half a century ago. Today, the 10-country Association of Southeast Asian Nations forms the world’s third largest labour force, its fifth largest manufacturing economy in value-added terms and its seventh largest market. The region’s 4.4% growth (CAGR) during 2012-16 outpaced that of developed countries such as the United States and Germany. But it trailed that of neighbouring China.
As the region looks ahead to the next 50 years, managing the disruptive impact of the Fourth Industrial Revolution must be high on its agenda. ASEAN’s competitive advantage stands at the crossroads.
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 on 02.11.2016
In just six years, the number of electric vehicles (EVs) in Hong Kong has increased significantly, largely on the back of government support, new technology and greater awareness of environmental protection as well as effective corporate marketing. How does the EV industry embrace the business opportunities as well as challenges?
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.
