Hong Kong Business News

香港商業資訊


News Article List

Tax break bill passage welcomed

22-6-2022

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Secretary for Financial Services & the Treasury Christopher Hui welcomed the passage of an amendment bill that gives effect to the measure proposed in the 2022-23 Budget for allowing a tax deduction for domestic rent.

The Legislative Council today passed the Inland Revenue (Amendment) (Tax Deductions...

Edward Yau visits grassroots

21-6-2022

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Secretary for Commerce & Economic Development Edward Yau today visited elderly and grassroots families in Central & Western District to learn about their daily needs, promoting a caring and inclusive culture.

Mr Yau called on a single elderly citizen, an elderly doubleton household, a family of n...

May inflation up 1.2%

21-6-2022

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Overall consumer prices rose 1.2% in May year-on-year, less than the 1.3% increase in April, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the year-on-year increase in May’s underlying inflation rate was 1.7%, larger than ...

Chan Kwok-ki, Algernon Yau in quarantine

21-6-2022

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​Director of Chief Executive’s Office Chan Kwok-ki and Secretary for Commerce & Economic Development (designate) Algernon Yau are undergoing quarantine in accordance with the Centre for Health Protection’s guidelines, the Government said today.

They were identified as close contacts after ...

HKEX committed to national growth

21-6-2022

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Today’s anniversary gathering takes on added significance with the reopening of the HKEX (Hong Kong Exchanges & Clearing) Connect Hall. The newly renovated Connect Hall has been fitted out with the latest technology, as well as a brand-new multifunction venue, the 388 Suite, and standout features like th...

Edward Yau visits grass-roots

21-6-2022

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Secretary for Commerce & Economic Development Edward Yau today visited elderly and grass-roots families in Central & Western District to learn about their daily needs, promoting a caring and inclusive culture.

Mr Yau called on a single elderly citizen, an elderly doubleton household, a family of ...

5G subsidy application extended

20-6-2022

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To encourage more public and private organisations to deploy 5G technology to foster innovation, the deadline for applications to the Subsidy Scheme for Encouraging Early Deployment of 5G will be extended to December 31.

Launched under the Anti-epidemic Fund with a funding of $100 millio...

Anniversary stamp issues unveiled

17-6-2022

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Hongkong Post will issue on July 1 the commemorative stamps for the 25th anniversary of both the establishment of the Hong Kong Special Administrative Region and the stationing of the Chinese People's Liberation Army in Hong Kong.

The set on the 25th anniversary of the establishment of the Hong Kong SAR ...

Ocean Park board chairman named

17-6-2022

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The Government announced today that the Chief Executive has appointed Paulo Pong as Chairman of the Ocean Park Corporation and Stephen Wong as Deputy Chairman.

The Chief Executive has also appointed eight new members and reappointed seven serving members to the board, it added.

The appointme...

Country backs HK's green finance

16-6-2022

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Climate change affects all of us. As with other cities, Hong Kong is facing various challenges such as rising temperatures and more extreme weather events. I am grateful for this opportunity to share with you the Hong Kong Special Administrative Region Government's initiatives in tackling climate change. I wil...

FS warns about external risks

16-6-2022

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Financial Secretary Paul Chan today said citizens should beware of external risks arising from the recent interest rate rise.

The US Federal Reserve raised the interest rate by 75 basis points, the largest increase since 1994. Meeting the media today, Mr Chan said: “This substantial hike is in line wit...

Principal officials visit the needy

16-6-2022

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Four principal officials visited seniors, grassroots families and civil service retirees' families in various districts today, giving out gift packs to share the joy of the 25th anniversary of Hong Kong's return to the motherland.

Secretary for the Environment KS Wong paid visits to an elderly perso...

HK entering new era: CE

16-6-2022

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It really gives me great pleasure to speak to you all at the Bauhinia Culture International Forum. As the 25th anniversary of the establishment of the Hong Kong Special Administrative Region draws near, this is an opportune occasion to celebrate the remarkable achievements of the "one country, two systems" pri...

Govt on journey to good governance

16-6-2022

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The “one country, two systems” principle, and the Basic Law that enshrines it have brought forward notable successes over this past quarter century. In its journey, like all other things, there have been also challenges. None more painful than the harm caused by the unprecedented riots and violence, togeth...

HK ranked 5th in competitiveness

15-6-2022

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Hong Kong was ranked the fifth most competitive economy in the World Competitiveness Yearbook 2022 published by the International Institute for Management Development, up from seventh last year.

Among the four competitiveness factors, Hong Kong continued to rank favourably in terms of government efficien...

HK Palace Museum stamps unveiled

15-6-2022

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A set of six stamps and two stamp sheetlets on the theme of the Hong Kong Palace Museum will go on sale on June 30, Hongkong Post announced today.

Featuring exhibits from the Palace Museum, these stamps demonstrate the profound achievements of Chinese civilisation and promote the study and appreciation o...

HK preps for return of visitors

14-6-2022

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Tourism has been among the hardest-hit sectors of our economy under the pall of the pandemic which makes the innovative spirit of Hong Kong Disneyland and the resilience of our travel trade in general, all the more remarkable.

The Government is keenly aware of the challenges the trade is facing. And we h...

Alfred Sit views robotics centre

14-6-2022

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Secretary for Innovation & Technology Alfred Sit today visited the Multi-Scale Medical Robotics Center to learn about its work on transdisciplinary medical robotics research under the support of the InnoHK research clusters.

He watched robotic-assisted surgery performed on a human cadaver and ex...

CE visits PMQ

14-6-2022

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Chief Executive Carrie Lam visited PMQ today to meet the three founders of the Musketeers Education & Culture Charitable Foundation and thank them for their efforts in the establishment of the creative hub.

The Musketeers Foundation set up the PMQ Management Company and successfully se...

$5k voucher to be disbursed in Aug

13-6-2022

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(To watch the full press conference with sign language interpretation, click here.)

Financial Secretary Paul Chan announced today that the $5,000 consumption voucher under phase two of the 2022 Consumption Voucher Scheme (CVS) will be disbursed in instalments from August 7.

Announcing detail...

Bogus advert alert issued

11-6-2022

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The Financial Secretary's Office today appealed to the public for heightened vigilance against deceptive advertisements purported to be interviews with the Financial Secretary.

The office clarified that it has never issued or authorised such advertisements. The Financial Secretary has never conducted the...

Senior MPF official named

10-6-2022

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The Chief Executive has appointed Cheng Yan-chee as Managing Director and Executive Director of the Mandatory Provident Fund Schemes Authority for three years from today.

Mr Cheng has been the authority's Chief Corporate Affairs Officer since 2013 and Acting Managing Director since June last year.

...

Financial seminar held

9-6-2022

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The Financial Services & the Treasury Bureau held a seminar today to discuss with Chinese financial institutions in Hong Kong the strategies on the city's integration into the country's overall development.

More than 20 leaders from Chinese financial industry associations, banks, brokerages, investme...

STEM intern scheme well received

2-6-2022

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The STEM Internship Scheme has been well received by participating universities and the business community. It attracted more than 3,000 university students and 1,500 companies and organisations in the summer and winter of 2021-22.

The Innovation & Technology Commission today said the figures ...

Tax returns issued

1-6-2022

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The Inland Revenue Department today sent out about 2.47 million tax returns for individuals.

At a press conference this afternoon, Commissioner of Inland Revenue Tam Tai-pang said taxpayers should file their tax returns by July 2. For sole proprietors of unincorporated businesses, a three-month period is...

April retail sales up 11.7%

1-6-2022

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The value of total retail sales in April, provisionally estimated at $30.2 billion, increased 11.7% compared with the same month in 2021, the Census & Statistics Department announced today.

After netting out the effect of price changes over the same period, the provisional estimate of the volume of t...

MPF investment measure endorsed

1-6-2022

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The Government today welcomed the approval of an amendment regulation that aims to facilitate Mandatory Provident Fund (MPF) investment in debt securities issued by the Central People’s Government (CPG) and Mainland policy banks.

Under the amended MPF Schemes (General) Regulation, the CPG and its ...

Mortgage loans up 10.1%

31-5-2022

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Residential mortgage loans approved in April increased 10.1% compared with March to $38.2 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions dropped 8.8% to $5.7 billion, while those financing secondary market transactions rose 20.7% to $23.4 billion.

$46.9b deficit recorded

31-5-2022

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The Government recorded a $46.9 billion deficit for the first month of the current financial year.

Expenditure was $80.2 billion and revenue was $33.3 billion.

The Government said the deficit in April was mainly due to the fact that some major types of revenue including salaries and profits taxes a...

National security forum held

28-5-2022

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The Department of Justice today hosted the National Security Law Legal Forum under the theme “thrive with security”.

The forum was organised to commemorate the second anniversary of the Decision of the National People’s Congress on Establishing & Improving the Legal System & Enforcem...

HK ideal springboard to the Mainland

27-5-2022

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Selamat petang (Good evening). It is a great pleasure of mine to see you all at this reception for the 25th anniversary of the establishment of the Hong Kong Special Administrative Region. This event, together with the business conference held earlier today, marks the beginning of the series of events to comme...

Stock connect agreement welcomed

27-5-2022

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The China Securities Regulatory Commission and the Securities & Futures Commission issued a joint announcement today on the in-principle agreement to include eligible exchange-traded funds (ETFs) in Stock Connect.

The Hong Kong Special Administrative Region Government warmly welcomed the decision.

Copyright amendment bill gazetted

27-5-2022

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The Copyright (Amendment) Bill 2022 was gazetted today and Secretary for Commerce & Economic Development Edward Yau will introduce the bill into the Legislative Council for first and second readings on June 8.

The Commerce & Economic Development Bureau made the announcement and emphasised that th...

SIM card registration counters set

27-5-2022

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The Government announced today that service counters will be set up at 18 designated post offices from May 30 to assist users of pre-paid Subscriber Identification Module (SIM) cards to complete real-name registration in accordance with the law.

According to the Telecommunications (Registrati...

Apr exports value up 1.1%

26-5-2022

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The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.

The value of imports of goods rose 2.1% to $425.6 billion for the same period.

A trade deficit of $36.6 billion,...

National plan hugely benefits HK

26-5-2022

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The winds of change have blown hard for Hong Kong, and the world at large, these past few years. The continuing COVID-19 pandemic and geopolitical tensions have been disrupting the global economy, distressing most people.

The good news is that our strong showing comes despite the relentless volatility. H...

Online crowdfunding rules mulled

25-5-2022

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The Government will put forward regulatory recommendations on four common types of online crowdfunding activities for public consultation later this year after it completes a review of the regulation of crowdfunding.

Secretary for Financial Services & the Treasury Christopher Hui told legislators tod...

CE attends InnoHK launch ceremony

25-5-2022

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Chief Executive Carrie Lam today attended the launch ceremony of InnoHK, the Government’s flagship innovation and technology (I&T) initiative that aims to promote global research collaboration and put Hong Kong on the global advanced technology map.

The launch ceremony marked a new mile...

Cyber security legislation proposed

25-5-2022

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The Government is making preparatory work to clearly define the cyber security obligations of critical infrastructure operators through legislation, with a view to strengthening the cyber security of this infrastructure in Hong Kong.

Secretary for Innovation & Technology Alfred Sit made the remarks w...

HK, UAE hold webinar

24-5-2022

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The Commerce & Economic Development Bureau and the United Arab Emirates (UAE)'s Ministry of Economy jointly held a webinar today to explore collaboration opportunities in trade, investment and professional services.

The webinar, titled "Hong Kong-UAE Partnership: Immense Opportunities", attracted som...

41k subsidy applications vetted

24-5-2022

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The Food & Environmental Hygiene Department today said it has completed vetting of a total of about 41,010 applications for the subsidy schemes under Anti-epidemic Fund (AEF) 5.0 and 6.0 and that around $4.976 billion has been disbursed so far.

The Government launched the Catering Business Subsidy Sc...

HK sees 1.3% inflation in Apr

23-5-2022

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Overall consumer prices rose 1.3% in April year-on-year, smaller than the 1.7% increase in March, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the year-on-year rate of increase in April’s underlying inflation rate wa...

Fintech initiatives meeting held

23-5-2022

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Secretary for Financial Services & the Treasury Christopher Hui today chaired the second meeting of the Coordination Group on Implementation of Fintech Initiatives.

During the meeting, Mr Hui listened to views of representatives from the financial services and fintech sectors, academia and research i...

LeaveHomeSafe hotline to start

22-5-2022

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The “LeaveHomeSafe” telephone hotline 2626 3066 will be launched tomorrow to handle public enquiries about installing or using the “LeaveHomeSafe” mobile app, from updates of the app to storing and display of the vaccine pass.

The hotline will operate from 7am to 9pm daily.

The Office of th...

Edward Yau ends APEC trip

22-5-2022

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Secretary for Commerce and Economic Development Edward Yau stressed the importance of international co-operation and regional integration for economic recovery from the COVID-19 pandemic at an Asia-Pacific Economic Cooperation (APEC) discussion session today.

Titled Living in the COVID-19 and Beyond, the...

Edward Yau attends APEC meeting

21-5-2022

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Secretary for Commerce & Economic Development Edward Yau today spoke at a discussion session titled Supporting the Multilateral Trading System at an Asia-Pacific Economic Cooperation (APEC) ministerial meeting in Bangkok, Thailand.     

At the APEC Ministers Responsible for Trade (MRT)...

CE meets young committee members

21-5-2022

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Chief Executive Carrie Lam today met young people appointed to government advisory committees through the Member Self-recommendation Scheme for Youth (MYSY) at Government House.

Similar meetings were hosted by Secretary for Innovation & Technology Alfred Sit, Secretary for Financial Services & th...

Edward Yau promotes HK trade

20-5-2022

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Secretary for Commerce & Economic Development Edward Yau met the Thai business community in Bangkok, Thailand today to promote Hong Kong’s business opportunities.

Mr Yau first met Thai Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow to exchange views on the economic and trade...

Electricity charges relief set

20-5-2022

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The Government will provide a new round of electricity charges subsidy to eligible residential households from June.

The one-off $1,000 subsidy is one of the relief measures announced in the 2022-23 Budget to alleviate the economic pressure on the public caused by the COVID-19 epidemic. It is expected to...

Edward Yau starts visit to Thailand

19-5-2022

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Secretary for Commerce & Economic Development Edward Yau today met Thai Deputy Prime Minister and Minister of Commerce Jurin Laksanawisit as well as the local business sector in Bangkok, Thailand.

Mr Yau is in Bangkok to attend the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Tr...

iAM Smart registration teams set up

19-5-2022

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Secretary for Innovation & Technology Alfred Sit inspected the iAM Smart mobile registration team at the Transport Department's Hong Kong Licensing Office today.

Mr Sit cited the renewal of vehicle licences as an example, saying the public who have registered for iAM Smart+, which comes w...

Govt fee concessions extended

18-5-2022

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The Government said today that it will gazette on May 20 the extension of 34 groups of existing waivers and concessions of government fees and charges for one more year to benefit a wide range of sectors as announced in the 2022-23 Budget.

The waivers and concessions will be implemented progres...

Departure tax bill to be gazetted

18-5-2022

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The Government will make legislative amendments to provide transfer passengers arriving at Hong Kong International Airport (HKIA) through the SkyPier Terminal (SPT) via the Hong Kong-Zhuhai-Macao Bridge (HZMB) an exemption from the Air Passenger Departure Tax (APDT).

The Government will gazette on May 20...

HK is reopening: Edward Yau

18-5-2022

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Secretary for Commerce & Economic Development Edward Yau said today he will bring Asia-Pacific Economic Cooperation (APEC) members the message that Hong Kong is heading towards reopening the city with maximum caution and protection.

Mr Yau made the remarks before departing for Bangkok to attend the A...

13 building plans approved in March

17-5-2022

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The Buildings Department approved 13 building plans in March - two on Hong Kong Island, eight in Kowloon and three in the New Territories.

Of the approved plans, six were for apartment and apartment-commercial developments, two were for commercial developments, two were for factory and industrial develop...

Edward Yau to attend APEC meeting

17-5-2022

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Secretary for Commerce & Economic Development Edward Yau will depart for Bangkok tomorrow to attend the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade Meeting on May 21 and 22.

     

APEC 2022 will hold discussions on topics under three priorit...

Retail green bond results announced

16-5-2022

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The subscription and allocation results of the Government's inaugural retail green bond were released today.

A total of 488,353 valid applications were received for more than $32.5 billion in principal amount of bonds.

The 150,826 applications for four or fewer units will be allocated the full amou...

Economy contracts 4% in Q1

13-5-2022

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(To watch the full press conference with sign language interpretation, click here.)

Hong Kong’s economy saw a marked deterioration in the first quarter of 2022 as real gross domestic product (GDP) contracted by 4% from a year earlier, reversing the growth trend seen in the previous four quarters...

Emergency price control not mulled

11-5-2022

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The Government currently has no plan to implement price controls during times of emergency to ensure the price stability of essential livelihood commodities, Secretary for Commerce & Economic Development Edward Yau said today.

Mr Yau told legislators that there is also no plan to include certain type...

Hongkong Post online service set

10-5-2022

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Hongkong Post will launch an online booking service next week to assist people who need to get a non-local vaccination record, Provisional Vaccine Pass and non-local recovery record at designated post offices.

They can choose in advance the date, time slot and designated post office for paying a visit fo...

R&D funding scheme opens

10-5-2022

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The Innovation & Technology Commission today launched the 2022 Mainland-Hong Kong Joint Funding Scheme to invite proposals for applied research and development (R&D) projects jointly conducted by institutions in Hong Kong and the Mainland.

Under the three themes of biotechnology, artificia...

Rules set to renew accounting regime

6-5-2022

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Three pieces of subsidiary legislation have been gazetted for the commencement of the new regulatory regime of the accounting profession, the Government announced today.

They include the Financial Reporting Council (Amendment) Ordinance 2021 (Commencement) Notice (Commencement Notice), the Accountin...

Travel industry rules gazetted

6-5-2022

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The new regulatory regime of the travel industry will be implemented in full from September 1 and seven pieces of subsidiary legislation made for the full implementation were gazetted today.

The Travel Industry Ordinance was passed by the Legislative Council in 2018 with some of the provisions broug...

LeaveHomeSafe app update ready

4-5-2022

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The Office of the Government Chief Information Officer today said that the new version 3.2.3 of the LeaveHomeSafe mobile app is now available for update to fix an intermittent problem with the display of the Vaccine Pass QR code in the mobile phones of some users.

The public can now upda...

Clarification on LeaveHomeSafe app

3-5-2022

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The Office of the Government Chief Information Officer today made a solemn statement to emphasise that the operation of the LeaveHomeSafe mobile app has never used nor requires any facial recognition function since its launch.

The statement was made in response to a media report claiming that a facial re...

Tax deduction bill to be gazetted

4-5-2022

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The Inland Revenue (Amendment) (Tax Deductions for Domestic Rents) Bill 2022 will be gazetted on May 6 and introduced into the Legislative Council on May 11.

The bill seeks to implement the tax deduction for domestic rent proposed in the 2022-23 Budget. The Government hopes to secure the passage o...

Economy shrinks 4% in Q1

3-5-2022

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Hong Kong’s economy in the first quarter of 2022 contracted by 4% from a year earlier, the Census & Statistics Department announced today.

According to the advance estimates on gross domestic product (GDP) for the first quarter, on a seasonally adjusted quarter-to-quarter comparison, GDP dipped by ...

Voucher scheme adds operators

1-5-2022

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The Government today announced that apart from the existing four Stored Value Facility (SVF) operators, two more operators have been selected to assist in implementing the 2022 (Phase II) Consumption Voucher Scheme.

The six SVF operators are AlipayHK, BoC Pay, Octopus, PayMe from HSBC, Tap & Go and W...

Tenant protection law to take effect

30-4-2022

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The Temporary Protection Measures for Business Tenants (COVID-19 Pandemic) Ordinance will come into effect upon gazettal on May 1, the date when three-month "protection period" under the ordinance will start until July 31.

When the protection period begins or the day when the tenancy becomes effec...

Mortgage loans up 31.6%

29-4-2022

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Residential mortgage loans approved in March increased 31.6% compared with February to $34.7 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions surged 40.4% to $6.3 billion, while those financing secondary market transactions rose 30.1% to $19.4 billion....

$29.4b surplus recorded

29-4-2022

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The Government today announced that it recorded a $29.4 billion surplus for the year ending March 31.

It said expenditure was at $693.3 billion and revenue at $693.6 billion, resulting in a surplus for the period after receipt of net proceeds of $29.1 billion from the issuance of green bonds un...

Tech-savvy seniors lauded

29-4-2022

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The Elderly IT Stars Recognition Scheme awards presentation ceremony was broadcast online today, commending seniors for proactively using digital technologies to bring a positive impact to the community.

In congratulating the 13 "Elderly IT Stars", Secretary for Innovation & Technology Al...

Mar exports value down 8.9%

28-4-2022

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The value of Hong Kong’s total goods exports decreased to $372.8 billion in March, down 8.9% compared with the same month last year, the Census & Statistics Department announced today.

The value of imports of goods fell 6% to $410 billion for the same period.

A trade deficit of $37.3 billion,...

Insurance growth opportunities eyed

27-4-2022

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It is a time for us to reflect on what we have learned from the fight against the pandemic, and to take a better look at what's in the new normal - the resilience of our insurance market and the enormous growth opportunities we are going to embrace.

Let me begin with resilience. Our insurance sector grew...

Fake tax message alert issued

27-4-2022

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The Inland Revenue Department today issued an alert on a fraudulent SMS message purportedly issued by the department that requests the recipient to settle his or her outstanding tax.

The fraudulent message provides a hyperlink to a fake IRD website https://irdgovhk.com/chi/tax/e_alert.php that seeks to o...

Edward Yau promotes HK

26-4-2022

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Secretary for Commerce & Economic Development Edward Yau addressed more than 100 business leaders and senior executives from the Indian business community at a webinar today.

Mr Yau highlighted Hong Kong's institutional strengths and policies as well as its business and investment opportunities as a ...

1.7% inflation in Mar

22-4-2022

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Overall consumer prices rose 1.7% in March year-on-year, larger than the 1.6% increase in February, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the year-on-year rate of increase in March’s underlying inflation rate was a...

Jobless rate rises to 5%

21-4-2022

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The seasonally adjusted unemployment rate climbed to 5% for the period between January and March, rising 0.5 percentage points compared with the previous period from December 2021 to February 2022, the Census & Statistics Department announced today.

The underemployment rate increased to 3.1% dur...

Shops in govt venues to get grants

19-4-2022

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The Leisure & Cultural Services Department today announced that a one-off relief grant will be provided to operators of light refreshment and fast food kiosks as well as retail outlets in its venues under the sixth round of the Anti-epidemic Fund.

The department has temporarily closed most of its lei...

Govt to relaunch green bond

14-4-2022

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The Government will relaunch the subscription of the government retail green bond from 9am on April 26 to 2pm on May 6.

The issuance was previously postponed due to the epidemic situation.

Financial Secretary Paul Chan said given the fifth wave of the epidemic is gradually subsiding, the Government...

Review body members named

14-4-2022

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The Chief Executive has appointed Financial Secretary Paul Chan as Chairperson of the Candidate Eligibility Review Committee (CERC), and Secretary for Education Kevin Yeung as an official member of the committee.

Taking effect today, the appointments are made to fill the vacancies arising fro...

Relief scheme gets 470k applications

13-4-2022

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The Government today said that a total of 470,628 applications for the Temporary Unemployment Relief Scheme had been received by the time the application period ended last night.

The 60,000 or so successful applicants in the first batch should have received their subsidies yesterday or today.

Subsi...

Creative industries get subsidies

13-4-2022

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The Commerce & Economic Development Bureau today disbursed subsidies to all 166 eligible applicants of the Pyrotechnics & Special Effects Operators Subsidy Scheme under the sixth round of the Anti-epidemic Fund.

The scheme opened for applications on February 18.

A $10,000 one-off subsidy wi...

Subsidies for film sector set

9-4-2022

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Eligible self-employed or freelance film practitioners are invited to apply for a one-off subsidy of $10,000 each from April 12 until May 3.

The Commerce & Economic Development Bureau said the financial assistance will help those who are self-employed or freelancers in the film industry tide over thi...

Jobless scheme disbursment set

7-4-2022

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The Government today announced that the first batch of subsidies under the Temporary Unemployment Relief Scheme is expected to be disbursed to about 60,000 successful applicants within one week from April 12.

Such applicants may check their bank accounts after receiving notifications via SMS or email, it...

Financial leaders meet

7-4-2022

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The Financial Leaders Forum chaired by Financial Secretary Paul Chan held its 18th meeting today, in which members were briefed on Hong Kong-Shenzhen financial collaboration, anti-money laundering and enhancing the city’s attractiveness as a family office hub.

Participants were informed about the lates...

Talent outflow temporary

6-4-2022

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Secretary for Financial Services & the Treasury Christopher Hui today said Hong Kong has always been a highly open economy and any outflow of talent is likely to be a temporary phenomenon as long as the city is able to maintain its competitive edge.

Answering lawmakers’ questions today, Mr Hui said...

LegCo approves tax concessions

6-4-2022

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The Government welcomed the Legislative Council’s passage of the Revenue (Tax Concessions) Bill 2022 today.

The endorsement will realise the tax concessions proposed in the 2022-23 Budget, which reduces the salaries tax, tax under personal assessment and profits tax for the year of assessment 2021/22 b...

Consumption voucher to be disbursed

3-4-2022

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Financial Secretary Paul Chan announced today that the consumption vouchers under phase one of the 2022 Consumption Voucher Scheme (CVS) will be disbursed to about 6.3 million eligible people on April 7.

He explained that all people who successfully registered under the CVS last year will receive th...

Rental reduction for PMQ tenants set

1-4-2022

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The Government today announced that it will provide financial assistance of $14 million under the sixth round of the Anti-epidemic Fund to PMQ for relieving rentals payable by its tenants from April to September.

During the period, rentals payable by tenants will be reduced by 75%. About 100 tenants will...

Mortgage loans down 37.7%

31-3-2022

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Residential mortgage loans approved in February decreased 37.7% compared with January to $26.3 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions fell 35.9% to $4.5 billion, while those financing secondary market transactions dipped 37.8% to $14.9 billio...

$72.3b surplus recorded

31-3-2022

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The Government announced today it recorded a $72.3 billion surplus for the 11 months ending February 28.

Expenditure for the period was $618.6 billion and revenue was $661.8 billion. Net proceeds of $29.1 billion were also booked from the issuance of green bonds.

Fiscal reserves stood at $1 trillio...

Govt's interests in AWE transferred

31-3-2022

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The Government today transferred all of its interests in AsiaWorld-Expo (AWE) to the Airport Authority, saying that the authority fully owns AWE now and the transfer will not bring any substantive change to the facility's daily operation.

Since AWE's inception, the authority has been one of the owners. I...

Bag packaging makes good progress

31-3-2022

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The Government today said work to package anti-epidemic service bags is running smoothly with 1.6 million bags having been prepared so far.

Upon completion of the package work, the 3.5 million anti-epidemic service bags will be delivered to all households in Hong Kong from April 2, and the delivery is ex...

Feb retail sales down 14.6%

31-3-2022

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The value of total retail sales in February, provisionally estimated at $25.2 billion, decreased 14.6% compared with the same month in 2021, the Census & Statistics Department announced today.

After netting out the effect of price changes over the same period, the provisional estimate of the volume o...

HK still open for business

30-3-2022

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(To watch the full press conference with sign language interpretation, click here.)

Secretary for Financial Services & the Treasury Christopher Hui today said the business sector welcomes the streamlined anti-epidemic measures, adding that the Government will strive to keep Hong Kong open...

Accounts updated for vouchers

28-3-2022

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About 95,000 people have successfully updated their stored value facility (SVF) account registration records so as to receive the first $5,000 consumption voucher under the new round of the Consumption Voucher Scheme in April.

The Government announced earlier the $5,000 consumption vouch...

Alfred Sit thanks community effort

28-3-2022

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Secretary for Innovation & Technology Alfred Sit today visited the volunteer headquarters of the Hong Kong Community Anti-Coronavirus Link (Anti-Coronavirus Link) at the Army Cadets Association in Kowloon Bay to show his support.

He thanked the volunteers for setting an example to the community by ha...

Accounts updated for voucher scheme

28-3-2022

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About 95,000 people have successfully updated their stored value facility (SVF) account registration records so as to receive the first $5,000 consumption voucher under the new round of the Consumption Voucher Scheme in April.

The Government announced earlier the $5,000 consumption vouch...

HK maintains financial ranking

24-3-2022

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Hong Kong maintained third place globally in the Global Financial Centres Index (GFCI) 31 Report published today by Z/Yen from the UK and the China Development Institute from Shenzhen.

In a statement, the Government said the report reaffirms Hong Kong's status and strengths as a leading global financial ...

Realising a rewarding future

22-3-2022

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Our interest in Canada, in you, is hardly surprising. After all, Hong Kong is home to some 400,000 Canadian passport holders. And about half a million people in Canada are of Hong Kong descent.

More than good neighbours, we have been business partners through thick and thin. That is not going to change. ...

Feb sees 1.6% inflation

21-3-2022

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Overall consumer prices rose 1.6% in February year-on-year, less than the 1.2% growth in January, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the year-on-year rate of increase in February’s underlying inflation rate was ...

Updates on epidemic given regularly

19-3-2022

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(To watch the full press conference with sign language interpretation, click here.)

Chief Executive Carrie Lam says she has been updating the consular and business communities on the epidemic situation since the battle against COVID-19 began in Hong Kong.

Mr Lam made the remarks at...

Govt to launch job aid scheme

18-3-2022

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(To watch the full press conference with sign language interpretation, click here.)

The Government will launch a new round of the Employment Support Scheme (ESS) to provide time-limited financial support to employers to retain their employees who would otherwise be made redundant.

Announcing...

Unemployed to get temporary relief

18-3-2022

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The Government today announced the launch of the Temporary Unemployment Relief Scheme which will provide a one-off subsidy of $10,000 to people who have lost their jobs due to the fifth wave of the COVID-19 epidemic.

Launched under the sixth round of the Anti-epidemic Fund, the scheme aims to assist the ...

HK attracts more investment

18-3-2022

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The Offshore China Fund Awards honours last year's elite performers in the Mainland's fund-management sector - business professionals who have excelled in meeting, and surpassing, changing market needs. In all, 36 well-deserved awards will be given out.

Beyond the stars, the industry in general has perfo...

Multipronged strategy to attract funds

18-3-2022

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We have witnessed in recent years fast economic growth and wealth creation in Asia, increase in portfolio allocation to the Asian markets and deepening financial market liberalisation in the Mainland. All these, together with the hard efforts paid by all of you, have contributed to Hong Kong's strong position ...

Edward Yau views supplies logistics

17-3-2022

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Secretary for Commerce & Economic Development Edward Yau today visited several locations to view the logistics arrangements for anti-epidemic medical supplies arriving from the Mainland.

Mr Yau first called on a workshop commissioned by the Government for packing anti-epidemic kits, then in...

New measures for virtual asset sector

17-3-2022

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Dear forerunners of the virtual asset industry,

The virtual asset (VA) industry has flourished across the globe in recent years, with a substantial increase in market capitalisation as well as a growing number of participating institutions and investors. As an international financial centre, Hong Kong ha...

Additional medical supplies arrive

12-3-2022

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The Commerce & Economic Development Bureau today said the task force of ensuring medical supplies has been proactively co-ordinating with various government departments and units participating in anti-epidemic work on medical supplies needed.

The bureau added that with the central government’s full...

More medical supplies arrive

11-3-2022

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The Commerce & Economic Development Bureau today said various kinds of medical supplies are arriving in Hong Kong in batches, with the task force working closely with its Mainland counterparts.

The task force has so far procured more than 55 million rapid antigen test kits. More than 20% of them have...

Alfred Sit visits distribution centre

10-3-2022

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Secretary for Innovation & Technology Alfred Sit today visited the anti-epidemic kit distribution centre at the Independent Commission Against Corruption (ICAC) headquarters.

He was there to encourage the Office of the Government Chief Information Officer (OGCIO) and ICAC members to overcome challeng...

48m rapid test kits arrive

10-3-2022

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The Commerce & Economic Development Bureau today said the task force of ensuring medical supplies has so far procured more than 48 million rapid antigen test kits from the Mainland.

The bureau noted that various kinds of medical supplies are arriving in Hong Kong in batches, with the task force worki...

Mainland medical supplies update

9-3-2022

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The Commerce & Economic Development Bureau today said various kinds of medical supplies are arriving in Hong Kong in batches, with the task force working closely with their Mainland counterparts.

The task force has so far procured more than 38 million rapid antigen test kits. Of these test kits, more...

61 cinemas granted subsidies

9-3-2022

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The Cinemas Subsidy Scheme under the sixth round of the Anti-epidemic Fund received applications from every cinema operator and relevant subsidies were disbursed to all 61 eligible cinemas today, the Commerce & Economic Development Bureau said.

The scheme, which opened for applications on February 18...

IMF reinforces HK assessment

8-3-2022

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Following the conclusion of the 2022 Article IV Consultation, the International Monetary Fund (IMF) today reinforced its assessment of Hong Kong’s economic and financial positions in its staff report with a detailed analysis.

Reaffirming Hong Kong’s position as a major global financial centre ...

Depts proactive in virus fight

8-3-2022

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Secretary for Commerce & Economic Development Edward Yau said the Commerce & Economic Development Bureau and its departments are proactively participating in anti-epidemic work.

The Trade & Industry Department (TID) mobilised about 130 staff members to conduct a compulsory testing exercise in...

29m rapid antigen test kits arrive

8-3-2022

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The Commerce & Economic Development Bureau today said various kinds of medical supplies are arriving in Hong Kong in batches, with the task force working closely with its Mainland counterparts.

The task force has so far received more than 29 million rapid antigen test kits. Over 12 million of the kit...

Mainland medical supplies arriving

7-3-2022

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The Commerce & Economic Development Bureau today said various kinds of medical supplies are arriving in Hong Kong in batches, with the task force working closely with their Mainland counterparts.

The task force has so far received more than 23 million rapid antigen test kits.

Of these test kits...

$5k voucher to be disbursed in April

7-3-2022

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Over 6.3 million people who successfully registered for the Consumption Voucher Scheme launched last year will receive the first $5,000 voucher through their registered stored value facility accounts in April.

Financial Secretary Paul Chan announced in his 2022‑23 Budget the implementation of a new rou...

Foreign currency reserves drop

7-3-2022

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Hong Kong's foreign currency reserve assets dropped to US$490.9 billion in February from January’s US$492.5 billion, the Monetary Authority announced today.

The reserve assets represent over six times the currency in circulation or about 47% of Hong Kong dollar M3.

Including unsettled foreign exc...

Storage set for anti-epidemic supplies

6-3-2022

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Around 140,000 sq m of temporary storage capacity is ready in anticipation of the peak shipments of supplies from the Mainland to support the upcoming compulsory universal testing exercise, the Government said today.

With the assistance of the Commerce & Economic Development Bureau’s task forc...

Postal service to be partly suspended

5-3-2022

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Hongkong Post announced today that in view of the latest COVID-19 epidemic situation, it will stop providing LocalCourierPost and local parcel services from Monday until further notice.

Explaining the decision, Hongkong Post said it will strive to focus resources to maintain essential postal services und...

Jan retail sales up 4.1%

4-3-2022

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The value of total retail sales in January, provisionally estimated at $33.9 billion, rose 4.1% compared with the same month in 2021, the Census & Statistics Department announced today.

After netting out the effect of price changes over the same period, the provisional estimate of the volume of total...

Masks from Mainland given out

4-3-2022

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The Commerce & Economic Development Bureau today said various kinds of medical supplies are arriving in Hong Kong in batches, with the task force working closely with their Mainland counterparts. 

The task force has so far received more than 19 million rapid antigen test kits.

Of thes...

More Chinese medicines arrive in HK

2-3-2022

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A new batch of 100,000 boxes of anti-epidemic proprietary Chinese medicines donated by the nation is arriving in Hong Kong in batches, the Commerce & Economic Development Bureau said today.

The bureau noted that the task force of ensuring medical supplies led by Secretary for Commerce & Econ...

Tourism sector subsidies disbursed

2-3-2022

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The Government today announced that cash subsidies involving $264 million were disbursed today to over 99% of the eligible companies and people covered by the seventh round of the subsidy scheme for the tourism industry under the Anti-epidemic Fund.

The subsidies were disbursed to some 1,530 travel agent...

Alfred Sit's secretary tests positive

2-3-2022

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A secretarial staff working for Secretary for Innovation & Technology Alfred Sit has tested positive for COVID-19 while Mr Sit has tested negative, the Innovation & Technology Bureau said today.

It noted that Mr Sit has been taking a rapid antigen test for COVID-19 every day and the results are a...

Property sales dip 32.4%

2-3-2022

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The Land Registry recorded 3,998 sale and purchase agreements for all building units received for registration in February, down 32.4% from January and 47.1% lower year-on-year.

The total consideration for such agreements dropped 33.7% from January to $36.1 billion in February this year, and a 43.9% year...

18m rapid antigen test kits arrive

1-3-2022

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The Commerce & Economic Development Bureau today said the task force of ensuring medical supplies led by Secretary for Commerce & Economic Development Edward Yau has received more than 18 million rapid antigen test kits.

The bureau noted that the task force has been working closely with its Mainl...

Mortgage loans down 4.7%

28-2-2022

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Residential mortgage loans approved in January decreased 4.7% compared with December to $42.2 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions fell 21.1% to $7 billion, while those financing secondary market transactions dipped 2.9% to $24 billion...

$47.4b surplus recorded

28-2-2022

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The Government announced today it recorded a $47.4 billion surplus for the 10 months ending January 31.

Expenditure for the period was $541.5 billion and revenue was $609.9 billion. Net proceeds of $29.1 billion were also booked from the issuance of green bonds.

Fiscal reserves stood at $1,025.3 bi...

Medical supplies arriving in HK

28-2-2022

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The Commerce & Economic Development Bureau today said the task force of ensuring medical supplies led by Secretary for Commerce & Economic Development Edward Yau has received more than 16 million rapid antigen test kits.

The bureau noted that the task force has been working closely with its Mainl...

Mainland supplies sent to the needy

27-2-2022

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The Government task force of ensuring medical supplies has swiftly distributed medical supplies from the Mainland to frontline staff and individuals receiving treatment or those in need in the past week, the Commerce & Economic Development Bureau said today.

The bureau said that with the central gove...

Govt to send last $1k voucher Mar 16

27-2-2022

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About 130,000 people who have collected the consumption voucher of the previous round via Octopus will receive the remaining $1,000 voucher on March 16, the Government announced today.

They will also successively receive SMS notifications on the disbursement on that day.

The people concerned may co...

Medicines from the nation given out

26-2-2022

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The Hong Kong Special Administrative Region Government today said it is distributing anti-epidemic proprietary Chinese medicines donated by the nation to individuals receiving treatment or in need through relevant departments and organisations.

     

Together with the batch...

Retail green bond offering postponed

26-2-2022

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The Government announced today that it has decided to postpone the launch of the inaugural retail green bond offering, for which the subscription period was originally scheduled for March 1 to 11. 

Explaining its decision, the Government said Hong Kong is now at a critical juncture in fighting the C...

FS’ helper initially tests positive

25-2-2022

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A domestic helper at the Financial Secretary’s official residence has preliminarily tested positive for COVID-19, the Financial Secretary’s Office announced today.

Financial Secretary Paul Chan and his family, as well as the domestic helpers on duty there, tested negative.

The domestic hel...

Post-pandemic recovery in sight: FS

25-2-2022

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Hong Kong’s economy will undergo a revival after the COVID-19 pandemic is brought under control with the help of citywide efforts and the support of the central government.

Financial Secretary Paul Chan made the statement while attending a radio programme this morning to answer concerned citizens quest...

Tourism sector set for upgrade

25-2-2022

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(To watch the full press conference with sign language interpretation, click here.)

Secretary for Commerce & Economic Development Edward Yau today said that to help the tourism industry, the Government is taking the opportunity to upgrade the trade as a whole during the lull.

The 20...

Fintech plan invites applications

24-2-2022

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The Financial Services & the Treasury Bureau today announced that the new round of the Financial Practitioners FinTech Training Programme is open for applications.

The programme provides fintech training courses to financial practitioners from different sectors and offers them tuition subsidie...

Rental moratorium explained

24-2-2022

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Secretary for Financial Services & the Treasury Christopher Hui today said the proposed new law on rental enforcement moratorium for tenants of specific sectors does not intend to disrupt the property market or rental market.

Elaborating on the initiatives outlined in the 2022-23 Budget at a press co...

Land sale plan unveiled

24-2-2022

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(To watch the full press conference with sign language interpretation, click here.)

The Government today announced its 2022-23 Land Sale Programme which includes 13 residential sites involving about 8,250 flats to be put up for sale.

Unveiling the programme at a press conference this afterno...

Jan exports value up 18.4%

24-2-2022

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The value of Hong Kong’s total goods exports increased to $459.5 billion in January, up 18.4% compared with the same month last year, the Census & Statistics Department announced today.

The value of imports of goods rose 9.6% to $452.9 billion for the same period.

A trade surplus of $6.6 bill...

$100b for Northern Metropolis

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

The Government has proposed to set aside $100 billion from the cumulative return of the Future Fund to set up a dedicated fund to expedite the implementation of infrastructure works relating to land, housing a...

Green, caring city fostered

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

The Government has devised strategies to build a green city and a caring society with quality life, Financial Secretary Paul Chan said in his 2022-23 Budget speech today.

While unveiling the budget for t...

HK economy will bounce back

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

Hong Kong’s economy is expected to perform better in the second half of this year and achieve growth of 2% to 3.5% in real terms for the year as a whole, though the city’s economic outlook in the first qua...

$10b to promote life, health tech

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

In his Budget speech today, Financial Secretary Paul Chan said $10 billion will be earmarked to further promote the expansion of life and health technology in Hong Kong.

He stressed that the aim is to en...

More funds for nurturing talent

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

Financial Secretary Paul Chan proposed in his Budget today to set aside more funds to enhance training for medical professionals and enrich the local talent pool.

Mr Chan said he intended to gradual...

HK strengthens financial centre role

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

In his Budget speech today, Financial Secretary Paul Chan emphasised Hong Kong’s status as an international financial centre that dovetailed perfectly with the needs of the nation and was attuned to the puls...

Budget timely, appropriate: CE

23-2-2022

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Chief Executive Carrie Lam today said at this difficult time during the fifth wave of the COVID-19 epidemic, the 2022-23 Budget is both timely and appropriate and deserves the support of society at large.

In addition to noting that the Financial Secretary delivered the fifth and final Budget of the curre...

Land supply expansion pledged

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

Financial Secretary Paul Chan says the Government has identified some 350 hectares of land for the provision of about 330,000 public housing units to meet the demand for about 301,000 public hou...

CS supports Budget

23-2-2022

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Chief Secretary John Lee today said he supports the 2022-23 Budget which has reserved necessary financial resources for anti-epidemic measures on various fronts to safeguard the lives and health of Hong Kong people.

In a statement, Mr Lee said stabilising the epidemic situation early is the overriding mi...

HK can surely ride out the storm

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

Hong Kong is currently experiencing its hardest time in the fight against the COVID-19 epidemic, and we are facing enormous challenges. Yet, we do have great strength and staunch support to ride out the storm....

Govt forecasts $56.3b deficit

23-2-2022

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(To watch the 2022-23 Budget speech with sign language interpretation, click here.)

In striving to maintain healthy public finance, the Government has to identify new areas of growth to increase revenue and in doing so, the people’s livelihood will not be compromised.

Financial Secret...

FS outlines Budget focuses

23-2-2022

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The COVID-19 pandemic has plagued the entire world for two years, taking a heavy toll on economic activities and people’s way of life. Since the middle of last year, the epidemic situation in Hong Kong had been brought under control, with economic activities and daily life gradually getting back to normal. N...

More resources for fighting epidemic

23-2-2022

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Substantial additional resources will be allocated to fight the epidemic in the new financial year, Financial Secretary Paul Chan said, adding that full support will be provided should more resources be required.

Presenting the 2022-23 Budget at the Legislative Council today, Mr Chan said fighting COVID-...

Support measures for SMEs mooted

23-2-2022

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To help small and medium enterprises (SMEs) which face huge challenges amidst the adverse business environment, the Government will expeditiously introduce new legislation to prohibit landlords from terminating the tenancy of or not providing services to tenants of specified sectors for failing to settle rents...

Under secretary tests initially positive

23-2-2022

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The Government today said Under Secretary for Innovation & Technology David Chung has tested preliminary positive for COVID-19.

As two drivers in the Innovation & Technology Bureau have preliminarily tested positive for the virus, staff in its Principal Official's Office underwent swab sampling f...

Resources devoted to arts, tourism

23-2-2022

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A total of $42 million will be allocated to organise the first Hong Kong Performing Arts Market within two years.

Financial Secretary Paul Chan made the announcement while unveiling his 2022-23 Budget speech today and stressed that Hong Kong is uniquely positioned to tell the story of China and Hong Kong...

More consumption vouchers set

23-2-2022

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A new round of consumption voucher scheme will be implemented, under which electronic consumption vouchers with a total value of $10,000 will be disbursed by instalment to each eligible Hong Kong permanent resident and new arrival aged 18 or above through suitable stored value facilities.

Delivering the ...

Jan inflation rises 1.2%

22-2-2022

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Overall consumer prices rose 1.2% in January year-on-year, less than the 2.4% growth in December, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the year-on-year rate of increase in January’s underlying inflation rate was a...

Budget available online tomorrow

22-2-2022

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Financial Secretary Paul Chan will deliver the 2022-23 Budget to the Legislative Council at 11am tomorrow.

The full text of the Budget speech and other related materials will be released simultaneously on the Budget website.

The public can also watch the live broadcast of the Budget speech, ...

I&T bureau reports cases

22-2-2022

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Secretary for Innovation & Technology Alfred Sit and Under Secretary David Chung took a rapid test for COVID-19 and the results were negative after their drivers tested preliminarily positive for the virus.

The I&T bureau today said the two drivers had no contact with the public or recent travel ...

Jobless rate stays at 3.9%

21-2-2022

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The seasonally adjusted unemployment rate stood at 3.9% for the period between November 2021 and January 2022, the same as for October to December 2021, the Census & Statistics Department announced today.

The underemployment rate increased to 1.8% during the period.

Total employment droppe...

Anti-epidemic apps enhanced

21-2-2022

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(To watch the full press briefing with sign language interpretation, click here.)

To tie in with the implementation of the vaccine pass, the Government has updated the functions of the LeaveHomeSafe and QR Code Verification Scanner mobile applications, with the LeaveHomeSafe app able to store...

Mainland medical supplies arrive

20-2-2022

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To follow up the second Mainland-Hong Kong thematic meeting on the COVID-19 epidemic, the task force of ensuring medical supplies led by Secretary for Commerce & Economic Development Edward Yau is proactively co-ordinating medical supplies from the Mainland to Hong Kong.

Mr Yau said the Hong Kong Spe...

Govt supports creative industries

17-2-2022

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The Cinemas Subsidy Scheme and the Pyrotechnics & Special Effects Operators Subsidy Scheme under the sixth round of the Anti-epidemic Fund will accept applications from tomorrow, the Government announced.

The subsidy scheme for cinemas, with applications closing on March 3, will provide a one-off sub...

Subsidy application streamlined

17-2-2022

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Eligible operators of beauty parlours, massage establishments and party rooms who have submitted an application under the fifth round of the Anti-epidemic Fund will not be required to submit a fresh application under the sixth round.

The Government said the move was made in an effort to streamline the ap...

Public urged to update mobile app

17-2-2022

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The Office of the Government Chief Information Officer today reminded the public to get prepared for the full implementation of the vaccine pass from February 24 by updating the LeaveHomeSafe mobile app to version 3.0.2.

People are urged to store their COVID-19 vaccination record or COVID-19 Vaccination ...

Tourism sector gets more aid

16-2-2022

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The Commerce & Economic Development Bureau today said a provision of around $433.5 million under the Anti-epidemic Fund has been earmarked for providing the seventh round of support to the tourism industry.

A new round of one-off cash subsidies will be provided to travel agents, travel ag...

Retail green bonds to go on sale

15-2-2022

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(To watch the full press conference with sign language interpretation, click here.)

The Government today announced the launch of the $6 billion inaugural retail green bonds under the Government Green Bond Programme for Hong Kong residents’ subscription, at a denomination of $10,000.

$27b relief fund for virus fight

14-2-2022

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The Government today said it will seek the Legislative Council Finance Committee’s approval for injecting $27 billion into the Anti-epidemic Fund (AEF), involving 48 measures to support 67,000 businesses and 750,000 individuals.

The committee will discuss the funding proposal at an online meetin...

Exchange Fund foreign assets down

14-2-2022

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The Exchange Fund’s foreign assets decreased $32.9 billion to $4.0323 trillion in January, the Monetary Authority announced today.

The monetary base amounted to $2.1607 trillion, while claims on the private sector in Hong Kong amounted to $290.6 billion, it said.

...

I&T project support scheme opens

11-2-2022

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The Innovation & Technology Commission said it is accepting applications for the Innovation & Technology Support Programme (Mid-stream, theme-based) from today until April 29.

The programme invites mid-stream project proposals conducted by universities funded by the University Grants Commi...

Business fund to be enhanced

11-2-2022

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The Trade & Industry Department will roll out an enhancement to the Dedicated Fund on Branding, Upgrading & Domestic Sales (BUD Fund) on February 14 to further support enterprises in developing more diversified markets.

The geographical scope of the BUD Fund will be extended...

Foreign currency reserves dip

9-2-2022

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Hong Kong’s foreign currency reserve assets dipped to US$492.5 billion in January from last December’s US$496.9 billion, the Monetary Authority announced today.

The reserve assets represent over six times the currency in circulation or 48% of Hong Kong dollar M3.

There were no unsettled foreign...

New telecoms rule to be enforced

7-2-2022

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Subscriber Identification Module (SIM) card users are required to register their SIM cards starting from March 1 in accordance with the Real-name Registration Programme for SIM Cards, the Government said today.

For new SIM cards, including SIM service plans and pre-paid SIM cards issued from March...

New telecoms rule to enforce

7-2-2022

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Subscriber Identification Module (SIM) card users are required to register their SIM cards starting from March 1 in accordance with the Real-name Registration Programme for SIM Cards, the Government said today.

For new SIM cards, including SIM service plans and pre-paid SIM cards issued from March...

Officials distribute rapid test kits

3-2-2022

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Secretary for Innovation & Technology Alfred Sit and Secretary for Financial Services & the Treasury Christopher Hui today joined the anti-epidemic effort in Tsz Wan Shan and distributed COVID-19 rapid test kits at a shopping centre to residents to undergo voluntary testing.

December retail sales up 6.2%

31-1-2022

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The value of total retail sales in December, provisionally estimated at $33.3 billion, rose 6.2% compared with the same month in 2020, the Census & Statistics Department announced today.

Of the total retail sales value in December, online sales accounted for 10.8%. Provisionally estimated at $3.6 bil...

$50.1b surplus recorded

31-1-2022

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The Government announced today it recorded a $50.1 billion surplus for the nine months ending December 31.

Expenditure for the period was $481.5 billion and revenue was $502.5 billion. Net proceeds of $29.1 billion were also booked from the issuance of green bonds.

The Government said the surplus w...

Economy grows 6.4% in 2021

28-1-2022

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Hong Kong’s economy in the fourth quarter of 2021 grew 4.8% year-on-year, and rose 6.4% for 2021 as a whole, reversing the declines in the previous two years.

The Census & Statistics Department announced the figures today as it released the advance estimates on Gross Domestic Product (GDP) for...

Dec exports value up 24.8%

27-1-2022

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The value of Hong Kong’s total goods exports increased to $489.5 billion in December, up 24.8% compared with the same month in 2020, the Census & Statistics Department announced today.

The value of goods imports rose 19.3% to $522.3 billion for the same period.

A trade deficit of $32.8 billio...

Subsidies for tourism disbursed

27-1-2022

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The Government announced that cash subsidies involving more than $251 million were disbursed today to over 99% of the eligible people covered by the sixth round of the subsidy scheme for the tourism industry under the Anti-epidemic Fund.

The subsidies were deposited directly to the designated bank a...

Visit records help with virus tracing

26-1-2022

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The Government today said that the visit records of COVID-19 patients uploaded from the LeaveHomeSafe mobile app can assist relevant departments in tracing virus transmission chains in the community.

Responding to questions from a lawmaker at the Legislative Council meeting today, Secretary for Inno...

Cinemas receive subsidies

25-1-2022

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The Cinemas Subsidy Scheme under the fifth round of the Anti-epidemic Fund received applications from 64 eligible cinemas and the relevant subsidies were disbursed today.

The scheme, which opened for applications on January 18, seeks to provide a one-off subsidy of $50,000 per screen to each existin...

Vaccine bubble to include contractors

25-1-2022

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The Government today said that contractors, their agents and subcontractors must follow the vaccine bubble arrangement to be implemented at government buildings and offices from February 16.

The vaccine bubble for government employees will take effect from February 16 at all government buildings and offi...

December sees 2.4% inflation

20-1-2022

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Overall consumer prices rose 2.4% in December year-on-year, larger than the 1.8% growth in November, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, December’s underlying inflation rate went up 1.4% compared to a year earlie...

HK's financial system lauded

20-1-2022

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The International Monetary Fund Staff Mission today commended Hong Kong's strong economic recovery and the Government's efforts to safeguard financial stability.

The mission made the assessment in its concluding statement which was published today following the completion of the 2022 Article ...

Beauty parlour subsidies set

19-1-2022

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Applications for a one-off subsidy for beauty parlours, massage establishments and party rooms under the fifth round of the Anti-epidemic Fund will open on February 7, the Government said today.

Each eligible beauty parlour or massage establishment will receive a one-off subsidy ranging from $15,000 to $...

Composite interest rate up

19-1-2022

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The composite interest rate rose to 0.21% at the end of December last year from November's 0.19%, the Monetary Authority announced today.

It said the rise reflected that the weighted funding cost for both deposits and interbank funds increased during the month.

The composite interest rate is a meas...

Return of voucher mooted

19-1-2022

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Financial Secretary Paul Chan today said that in deciding whether to disburse consumption vouchers again, the Government has to consider relevant factors in a prudent and holistic manner.

Mr Chan was asked by lawmakers if the Government has considered disbursing consumption vouchers of at least...

Nov goods exports up 14.6%

18-1-2022

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The volume of Hong Kong’s total goods exports increased 14.6% year-on-year in November 2021, the Census & Statistics Department announced today.

The volume of goods imports for the month rose 10.3% over November 2020.

Prices of goods exports and imports increased 9.5% and 9.2% year-on-year fo...

Tourism gets more support

17-1-2022

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The Commerce & Economic Development Bureau today said a provision of around $570 million under the Anti-epidemic Fund has been earmarked for providing the sixth round of support to the tourism industry.

All people who are eligible for and have been granted special further subsidies in the last round ...

More anti-epidemic relief set

14-1-2022

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The Government today announced that it will roll out relief measures under the fifth round of the Anti-epidemic Fund, with a total funding of about $3.57 billion, to help sectors affected by the COVID-19 epidemic situation.

It noted that the tightening of social distancing measures from January 7 ...

Exchange Fund foreign assets dip

14-1-2022

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The Exchange Fund’s foreign assets decreased $21.5 billion to $4.0652 trillion in December last year, the Monetary Authority announced today.

The monetary base amounted to $2.1316 trillion, while claims on the private sector in Hong Kong amounted to $260.4 billion, it said.

...

110k companies newly registered

14-1-2022

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The total number of local companies registered reached 1,375,172 in 2021, while 110,840 were newly registered in the year, the Companies Registry announced today.

Among the newly registered companies, 66,538 were incorporated online at the e-Registry or via the CR eFiling mobile application.

HK's renminbi hub being reinforced

12-1-2022

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My thanks to the Hong Kong Venture Capital and Private Equity Association for this welcome opportunity to speak to you once again. This is, by my count, the fifth year in a row I have addressed the forum (Asia Private Equity Forum) - the past two years online.

So, yes, the pandemic is still very much wit...

e-CNY being actively studied

11-1-2022

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Economic and social development will power Hong Kong's fortunes this year, and for many years to come. This has been made possible thanks to, first and foremost, the major breakthrough in our local political development in the last two years.

To begin with, we secured the implementation of the National S...

Latest Business News

最新商業資訊


May exports value down 1.4%  27-6-2022

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The value of Hong Kong’s total goods exports decreased to $388.1 billion in May, down 1.4% compared with the same month...


Review requests close Jul 8  24-6-2022

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The Government today reminded those who wish to seek a review of their applications under the Temporary Unemployment Reli...


HK Palace Museum tickets sell fast  21-6-2022

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The Hong Kong Palace Museum is set to open on July 2.

The museum has nine exhibition halls displaying pricel...


Committee promotes digital economy  22-6-2022

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The Government announced today the establishment of the Digital Economy Development Committee to accelerate t...