Hong Kong Business News
香港商業資訊
News Article List |
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GD to issue bonds in HK5-9-2024
The Hong Kong Special Administrative Region Government welcomed today's announcement by the People's Government of Guangdong Province that it will issue offshore renminbi (RMB) local government bonds in Hong Kong, which will be listed on the Hong Kong Stock Exchange. |
FS meets tech firms in Sydney4-9-2024
Financial Secretary Paul Chan today visited Sydney to meet the Governor of the Reserve Bank of Australia, local fintech companies and members of the Hong Kong community based in the city. In the morning, Mr Chan met Governor of the Reserve Bank of Australia (RBA) Michele Bullock to discuss the current gl... |
FS attends Asia Summit3-9-2024
On the second day of his visit in Melbourne, Financial Secretary Paul Chan attended the Asia Summit, called on Chinese Consul-General in Melbourne Fang Xinwen and met a Hong Kong electric vehicle charging operator and its Australian partner. Mr Chan delivered a speech that highlighted Hong Kong’s oppor... |
FS visits Melbourne2-9-2024
Financial Secretary Paul Chan today met senior officers of the Australia China Business Council (ACBC) and attended a lunch event as he continued the Melbourne leg of his visit to Australia. In the morning, Mr Chan met National Chief Executive Officer of the ACBC Tom Parker and President of the ACB... |
B&R Summit adopts green theme30-8-2024
The 2024 edition of the Belt & Road Summit, co-organised by the Hong Kong Special Administrative Region Government and the Trade Development Council (TDC), will be held on September 11 and 12 at the Convention & Exhibition Centre. Themed “Building a connected, innovative and green Belt & Ro... |
Govt supports SMEs' transformation30-8-2024
The Government’s staunch support for local small and medium enterprises (SMEs) has long been a cornerstone of its economic strategy – and no better illustration of this approach is offered by the Digital Transformation Support Pilot Programme. Launched in late March, the programme has already suppor... |
FS to visit Australia31-8-2024
Financial Secretary Paul Chan will depart for Australia for a duty visit tomorrow, the Government announced today. In Melbourne and Sydney, Mr Chan will meet members of the local business, finance, and innovation and technology sectors, as well as call on various enterprises. In addition to attendi... |
July retail sales dip 11.8%30-8-2024
The value of total retail sales in July, provisionally estimated at $29.1 billion, decreased 11.8% compared with the same month in 2023, 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 to... |
Mortgage loans up 1.5%30-8-2024
The value of residential mortgage loans approved in July was $24.8 billion, a 1.5% increase compared with June, the Monetary Authority announced today. Mortgage loans financing primary market transactions rose 0.7% to $8.6 billion, while those financing secondary market transactions dipped 1% to $13.7 bi... |
FS promotes HK-Jiangsu ties28-8-2024
Visiting Nanjing today, Financial Secretary Paul Chan attended the “SmartHK” event and met Governor of Jiangsu Province Xu Kunlin, as well as Jiangsu businessmen who are investing in Hong Kong. In the morning, he delivered opening remarks at “SmartHK”, noting that Jiangsu has been deepening its e... |
FS hosts meeting on plenary session27-8-2024
The Hong Kong Special Administrative Region Government today invited members of the publicity delegation for the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC Central Committee) to attend a sharing session at Central Government Offices hosted by Financia... |
Sci-tech cluster ranks 2nd globally27-8-2024
The Hong Kong Special Administrative Region Government welcomed the World Intellectual Property Organization's (WIPO) ranking of the Shenzhen-Hong Kong-Guangzhou cluster as second globally for the fifth consecutive year. It said that the WIPO’s Global Innovation Index 2024 top 100 science and technolog... |
FS to visit Nanjing27-8-2024
Financial Secretary Paul Chan will depart this evening for Nanjing, where he will attend the event “SmartHK” tomorrow. During his visit, Mr Chan will call on the leadership of Jiangsu and Nanjing. He will also meet representatives of the province’s industrial and commercial sectors, as well as Hong... |
Exports up 13.1% in July27-8-2024
The value of Hong Kong's total exports increased to $390.4 billion in July, up 13.1% on the same month last year, the Census & Statistics Department announced today. The value of the city’s imports increased 9.9% to $412.3 billion in the same period. A trade deficit of $21.8 billion, or 5.3% ... |
Sun Dong continues Beijing trip23-8-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong called on Executive Deputy Director of the Hong Kong & Macao Affairs Office of the State Council Zhou Ji on the second day of his trip to Beijing. Prof Sun first visited the National Development & Reform Commission to update its Se... |
Public services kiosk set up in Zhuhai23-8-2024
The Digital Policy Office announced today the setting up of a Hong Kong Cross-boundary Public Services self-service kiosk in Zhuhai. It explained that the self-service kiosk gives residents and enterprises in Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area access to public servic... |
CE meets Djiboutian Prime Minister23-8-2024
Chief Executive John Lee met visiting Djiboutian Prime Minister Abdoulkader Kamil Mohamed at Government House today to exchange views on issues of mutual interest. While welcoming the Prime Minister's visit to Hong Kong, apart from telling him that under the “one country, two systems” principle, Hong... |
UN pre-summit held22-8-2024
The Financial Services & the Treasury Bureau (FSTB) today co-hosted with the United Nations (UN) in China the United Nations Pre-Summit of the Future Dialogue, in anticipation of the UN Summit of the Future scheduled to be held in New York on September 22 and 23. |
Sun Dong visits central ministries22-8-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Ministry of Industry & Information Technology and the National Health Commission, and attended the 2024 World Robot Conference in Beijing. |
Report on subdivided units submitted22-8-2024
The Task Force on Tackling the Issue of Subdivided Units today submitted a report to the Chief Executive, following an in-depth study conducted over the past 10 months. Along with the study’s findings, the report makes detailed recommendations. As head of the task force, Deputy Financial Secretar... |
Biased Bloomberg report rejected20-8-2024
The Hong Kong Special Administrative Region Government today said it opposed Bloomberg’s biased report on the submissions made by some organisations on the proposed legislative framework to enhance protection of computer systems of critical infrastructures, taking the views of the submissions out of context.... |
July sees 2.5% inflation20-8-2024
Overall consumer prices rose 2.5% year on year in July, a higher rate of increase than the 1.5% seen in June, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1.2%, also higher than that recorded in Ju... |
CE attends Policy Address forum18-8-2024
Chief Executive John Lee today led his team of principal officials to attend a district forum to listen to the public's views on the upcoming Policy Address. Held at Tai Po Government Primary School and joined by about 120 people from different backgrounds, the two-hour district forum consisted of two se... |
Residents to test driverless buses16-8-2024
Starting at the end of this month, two autonomous shuttle light buses will begin a trial run at Fairview Garden in Yuen Long for about seven months. Residents will be able to use the driverless vehicles as they shuttle along a 2.5km loop road in the housing estates. While both light buses have similar sp... |
Sharp rise in firms locating in HK15-8-2024
As Hong Kong’s economic recovery gathers pace, bolstered by support at a national level, data from Invest Hong Kong (InvestHK) indicates that companies are accelerating their business expansion in the city. In the first half of 2024, the department assisted 322 companies in setting up or expanding thei... |
Kevin Yeung visits Sichuan16-8-2024
Secretary for Culture, Sports & Tourism Kevin Yeung, while visiting Sichuan today, attended the co-operation agreement signing ceremony on the gift of a pair of giant pandas from the central government to the Hong Kong Special Administrative Region. At the Dujiangyan Base of the China Conservation &a... |
AI subsidy committee appointed12-8-2024
The Government today announced the appointments of members to the Committee of the Artificial Intelligence Subsidy Scheme for a three-year term from August 15. To promote the development of the local artificial intelligence (AI) ecosystem, the Government has allocated $3 billion for the launch of a three... |
Scheme boosts new industrialisation8-8-2024
In July 2020, the Government launched the New Industrialisation Funding Scheme (NIFS) to subsidise local manufacturers in setting up new smart production lines in Hong Kong. The NIFS involves awarding grants, with the Government topping up sums spent by companies on new equipment on a 1:2 basis. Establis... |
I&T grand challenge pitch held10-8-2024
The second City I&T Grand Challenge concluded its Grand Pitch at the Hong Kong Science Park today where more than 500 guests, as well as an online audience, witnessed the emergence of the next generation of innovators. Organised by the Innovation & Technology Commission together with the Science ... |
Olympic spirit boosts local business7-8-2024
In an inspiring display of togetherness, local citizens have been cheering the city's athletes to glory in the Olympic Games despite a six-hour time difference between Hong Kong and Paris. The Hong Kong Special Administrative Region Government acquired the television broadcasting rights for the Paris Oly... |
ASEAN tour yields fruitful results2-8-2024
Chief Executive John Lee revealed that Hong Kong signed a total of 55 memoranda of understanding and agreements with Laos, Cambodia and Vietnam during his visit to three Association of Southeast Asian Nations (ASEAN) member states aimed at enhancing co-operation and mutual development. Mr Lee, while lead... |
CE visits Ho Chi Minh City2-8-2024
Chief Executive John Lee toured Ho Chi Minh City, Vietnam, on the final day of his duty visit to three Association of Southeast Asian Nations (ASEAN) member states, where he met local government and business leaders and visited a garment manufacturer. |
Shanghai Culture Week opens2-8-2024
The opening ceremony and reception for Shanghai Culture Week was held today at the Hong Kong Cultural Centre (HKCC). Shanghai Culture Week is presented by the Leisure & Cultural Services Department, the Shanghai Municipal Administration of Culture & Tourism and the Center for China Shanghai Inter... |
CE meets Vietnamese President1-8-2024
Chief Executive John Lee achieved remarkable results on day two of his visit in Hanoi, Vietnam, where he met Vietnamese President To Lam and the country’s Deputy Prime Minister. In the morning, Mr Lee, who is leading a Hong Kong Special Administrative Region delegation, had breakfast with staff of the ... |
Expansion to HK drives success1-8-2024
Johnny Chong is the Chief Executive Officer of a Vietnamese company that provides information and technology (I&T) services. The company expanded to Hong Kong in 2021 given its vision to leverage the city’s unique role as a financial and talent hub and a springboard that would enable it to access more of... |
First half of 2024 sees visitor surge31-7-2024
The Tourism Board has announced that the provisional figure for visitor arrivals in June was 3.13 million, marking a 14% increase year on year. Cumulatively, about 21 million visitors arrived in Hong Kong in the first half of 2024, representing a 64% increase year on year. Overnight visitors accou... |
Duty-free measures extended1-8-2024
The central government's new measure of increasing the duty-free allowance for Mainland residents entering the Mainland from Hong Kong has been extended to cover all ports starting from today. The measure, which raises the duty-free allowance for luggage articles brought into the Mainland from RMB5,000 t... |
June retail sales dip 9.7%1-8-2024
The value of total retail sales in June, provisionally estimated at $29.9 billion, decreased 9.7% compared with the same month last year, 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... |
CE promotes HK in Cambodia31-7-2024
On day two of his visit in Cambodia, Chief Executive John Lee met Cambodian Prime Minister Hun Manet as well as Deputy Prime Minister and Minister of Interior of Cambodia Sar Sokha respectively in Phnom Penh. |
Permit boosts super connector role31-7-2024
From July 10, non-Chinese Hong Kong permanent residents became eligible for Mainland Travel Permits for Hong Kong & Macao Residents (non-Chinese Citizens). Successful applicants are already able to collect their permits from the China Travel Service. Foreign chambers of commerce in Hong Kong we... |
CE meets Cambodian PM31-7-2024
Speaking from Cambodia today, Chief Executive John Lee said his visit to the country has yielded very good results, paving the way for closer collaboration between Cambodia and Hong Kong. At a media session, Mr Lee said he had met Cambodian Prime Minister Hun Manet and that 13 memoranda of understanding ... |
Economy grows 3.3% in Q231-7-2024
Hong Kong’s economy grew 3.3% in the second quarter of 2024 over the same period a year earlier, down from a 2.8% increase in the first quarter, the Census & Statistics Department announced today. According to the advance estimates, gross domestic product (GDP) increased by 0.4% in real terms in th... |
Ingrid Yeung visits RTHK30-7-2024
Secretary for the Civil Service Ingrid Yeung visited the Artificial Intelligence Laboratory (AI Lab) at Radio Television Hong Kong (RTHK) in Kwun Tong today to learn more about the department's new directions in the use of technology in television production and meet management and staff representatives. |
Visa-free initiative welcomed30-7-2024
The Hong Kong Special Administrative Region Government welcomed the National Immigration Administration’s announcement on the implementation of Hainan's 144-hour visa-free stay policy for foreign tour groups from Hong Kong and Macau that took effect today. According to the announcement, citizens of cou... |
Kevin Yeung concludes Paris tour30-7-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today watched the table tennis mixed doubles bronze and gold medal matches, as well as the badminton women’s doubles matches of the 2024 Paris Olympic Games on the last day of his visit to France. |
CE visits Cambodia30-7-2024
Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, arrived in Phnom Penh, Cambodia, as part of a six-day visit to three countries of the Association of Southeast Asian Nations. Upon arriving in the country's capital today, Mr Lee attended a luncheon hosted by Ambassad... |
Promising future for HK, Laos unity29-7-2024
Chief Executive John Lee said that he believes Hong Kong and Laos will have huge potential and opportunities for co-operation, adding that there is ample room for growth in terms of trade and people-to-people exchanges. |
CE concludes Laos visit29-7-2024
Chief Executive John Lee today met leaders of the Lao government, and visited a local school, an enterprise and a railway project before attending a business dinner in Vientiane, the capital of Laos. |
CE starts ASEAN visit28-7-2024
Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, arrived in Vientiane, the capital of Laos, this afternoon to begin a visit to three Association of Southeast Asian Nations (ASEAN) countries - Laos, Cambodia and Vietnam. Upon arrival in Vientiane, Mr Lee attended a d... |
Cultivating the spirit of hospitality25-7-2024
When it comes to customer service, what kind of an attitude do customers value? Steven Kwong, who has been in the retail industry for over a decade, was the Gold awardee of the Outstanding Quality Tourism Services Merchant Service Staff Award 2022 (Frontline staff) (Jewellery & Watches). Peopl... |
Monetary chief reappointed26-7-2024
Financial Secretary Paul Chan today announced the reappointment of Eddie Yue as Hong Kong Monetary Authority (HKMA) Chief Executive for a term of five years, with effect from October 1. Mr Chan stressed that stability has been maintained in Hong Kong’s money market and banking system throughout ... |
CE to visit 3 ASEAN states26-7-2024
Chief Executive John Lee will lead a Hong Kong Special Administrative Region delegation on a visit to three Association of Southeast Asian Nations (ASEAN) member states, including Laos, Cambodia and Vietnam, starting July 28. The Chief Executive’s Office made the announcement and pointed out that the d... |
'HK can leverage strengths in ASEAN'25-7-2024
Hong Kong can leverage its unique advantages under “one country, two systems” to grow its business in Southeast Asia. That is the view of Hong Kong General Chamber of Commerce Chairman Agnes Chan, who will be among the delegates from Hong Kong as Chief Executive John Lee embarks on a visit to Laos, Cambodi... |
ASEAN an ideal production base25-7-2024
Chief Executive John Lee will lead a delegation to visit three member states of the Association of Southeast Asian Nations or ASEAN - Laos, Cambodia and Vietnam. As part of the delegation, Federation of Hong Kong Industries Chairman Steve Chuang hopes to take the opportunity to promote Hong Kong’s stre... |
Digital Policy Office established25-7-2024
The Digital Policy Office (DPO) has been officially established under the Innovation, Technology & Industry Bureau, the bureau announced today. Taking the lead in promoting data-driven, people-centric and outcome-based digital policies within the Government and across various sectors for enhancing th... |
June exports value up 10.7%25-7-2024
The value of Hong Kong’s total exports increased to $373.5 billion in June, up 10.7% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods increased 9% to $429.2 billion in the same period. A trade deficit of $55.7 billion, or 13% of th... |
FS wraps up Beijing visit24-7-2024
Financial Secretary Paul Chan concluded his visit to Beijing today by calling on the leadership of various central authorities related to finance and financial services. Mr Chan met Office of the Central Commission for Financial & Economic Affairs Deputy Director in charge of routine work and Office ... |
HK can be ASEAN-GBA connector22-7-2024
A local chamber of commerce believes Hong Kong firms can grow their business in Southeast Asia by leveraging the city’s strengths in integrating various industries in the Greater Bay Area (GBA). Chief Executive John Lee will visit Laos, Cambodia and Vietnam, three members of the Association of Southeas... |
‘ASEAN states have key advantages’22-7-2024
President of The Chinese Manufacturers' Association of Hong Kong Wingco Lo, who will travel to Laos, Cambodia and Vietnam later this month as part of a delegation led by Chief Executive John Lee, believes opportunities for growth and transformation await Hong Kong businesses in Southeast Asia amid a rapidly ch... |
FS bound for Beijing22-7-2024
Financial Secretary Paul Chan will depart Hong Kong late this afternoon for Beijing, where he will call on relevant central ministries and institutions to discuss strengthening co-operation and exchange. He will return to Hong Kong on Wednesday evening. Secretary for Financial Services & the Treasury... |
June sees 1.5% Inflation22-7-2024
Overall consumer prices rose 1.5% in June, year on year, higher than the 1.2% increase in May, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1%, the same as in May. Compared with June last year... |
I&T opportunities abound in ASEAN19-7-2024
When Chief Executive John Lee visits Laos, Cambodia and Vietnam later this month, Legislative Councillor for the Technology & Innovation Functional Constituency Duncan Chiu will be part of his delegation. Looking ahead to the visit, Mr Chiu highlighted that the total population of the three countries... |
Govt concerned over IT outage19-7-2024
The Government expressed its concern over the massive outage of Microsoft systems today and assigned Deputy Chief Secretary Cheuk Wing-hing to monitor the situation. The Government said the operation of its systems remains normal and that no incident reports have been received from any departments in rel... |
Local firms hit record 1.44m19-7-2024
The Companies Registry today announced that 66,734 local companies were newly registered during the first half of 2024, bringing the total number of registered local companies to 1,440,935, an all-time high figure. Meanwhile, 501 non-Hong Kong companies have newly established a place of business in the c... |
Institutional green bonds issued18-7-2024
The Government today announced the successful offering of approximately HK$25 billion worth of green bonds denominated in renminbi (RMB), US dollars and euros under its Sustainable Bond Programme. The bonds, which have been assigned credit ratings of AA+ by S&P Global Ratings and AA-... |
Stablecoin views released17-7-2024
The Financial Services & the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) today jointly issued the consultation conclusions on the legislative proposal to implement a regulatory regime for fiat-referenced stablecoin (FRS) issuers in Hong Kong. During the two-month public consult... |
Housing sale permitted in cultural hub17-7-2024
The Chief Executive-in-Council yesterday conditionally approved the relaxation of the Enhanced Financial Arrangements for the West Kowloon Cultural District (WKCD) to lift the “Build-Operate-Transfer only” restriction for residential developments within Zone 2 of the cultural district and permit the sale o... |
Tapping ASEAN business potential16-7-2024
Chief Executive John Lee will lead a delegation to visit Laos, Cambodia, and Vietnam later this month to promote Hong Kong and explore business opportunities. The Trade Development Council stated that the three countries, all of them in ASEAN (the Association of Southeast Asian Nations), each have signif... |
HK I&T talent lauded15-7-2024
The Innovation & Technology Commission held the Reception for I&T Awards 2024 today, where more than 300 representatives from the local innovation and technology (I&T) sector, including academics, scientists, and representatives of institutes and government departments were commended for bringing H... |
Govt launches E-commerce Easy15-7-2024
The Government launched E-commerce Easy under the Dedicated Fund on Branding, Upgrading & Domestic Sales (BUD Fund) today, with a view to assisting enterprises to develop the Mainland market through e-commerce. The Trade & Industry Department made the announcement and in addition to expla... |
HK-Guangdong conference held12-7-2024
Chief Executive John Lee and Guangdong Governor Wang Weizhong co-chaired the 24th Plenary of the Hong Kong/Guangdong Co-operation Joint Conference in Guangzhou today. |
Belt-Road conference held in Beijing12-7-2024
The Hong Kong Special Administrative Region Government, the National Development & Reform Commission (NDRC) and relevant central ministries today held the seventh Joint Conference on Advancing Hong Kong's Full Participation in & Contribution to the Belt & Road Initiative in Beijing. NDRC Vice... |
Business chambers hail travel card10-7-2024
The New Zealand Chamber of Commerce in Hong Kong (NZCCHK) and the French Chamber of Commerce & Industry in Hong Kong (FCCIHK) have both eagerly welcomed the implementation of the new Mainland Travel Permit for Hong Kong & Macao Residents (non-Chinese Citizens) by the Exit & Entry Administration of ... |
Views sought on AI copyright issues8-7-2024
The Government today launched a two-month public consultation on enhancing the Copyright Ordinance (CO) with regard to artificial intelligence (AI) technology development. The consultation document explores issues relating to copyright protection of AI-generated works, copyright infringement liabi... |
Cathay to buy back remaining shares5-7-2024
The Government said that it is pleased to note the decision by Cathay Pacific Airways to buy back all of its remaining preference shares. |
'Patent box' tax concession enacted5-7-2024
The Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Ordinance 2024 has been published in the Gazette. The amendment ordinance implements the Government’s “patent box” tax incentive, which provides tax concessions for qualifying profits derived from eligible intellectua... |
Issuance of travel card welcomed5-7-2024
Three foreign chambers of commerce in Hong Kong have welcomed the announcement that non-Chinese Hong Kong permanent residents are eligible to apply for a new Mainland Travel Permit for Hong Kong & Macao Residents (non-Chinese Citizens). The national Exit & Entry Administration will start iss... |
Opportunities await Hong Kong4-7-2024
I would like to, first of all, thank Phil (Manulife Asia President & Chief Executive Officer Phil Witherington) for bringing up this new card-type travel document, to have great convenience to visit the Mainland. I would like to highlight that it is actually a big policy breakthrough. It may be a step in y... |
Govt welcomes deposit bill passage3-7-2024
The Government welcomed the passage of an amendment bill to enhance the Deposit Protection Scheme (DFS) by the Legislative Council today, raising the protection limit from the current $500,000 to $800,000. Other enhancements to the scheme include refining the levy system to enable the DPS Fund underpinni... |
Company re-domiciliation vital for HK3-7-2024
Today, the Financial Services & the Treasury Bureau (FSTB) published the public consultation conclusion and latest legislative proposals for the company re-domiciliation regime. I would like to take this opportunity to share the thinking behind the proposals as well as the highlights therein. ... |
New investment visas granted3-7-2024
The first batch of visa applications under the New Capital Investment Entrant Scheme were approved in June, the Immigration Department announced today. Launched on March 1, the new scheme had received 339 applications and over 3,700 enquiries by June 30. The department approved three applications f... |
Hotel tax to be resumed3-7-2024
The Government served a notice to the Legislative Council today to move a resolution under the Hotel Accommodation Tax Ordinance to resume the collection of hotel accommodation tax (HAT). Under the ordinance, the HAT is imposed on hotel and guesthouse accommodation, and is levied on the accommodation cha... |
Govt set for low-altitude economy3-7-2024
The Government is exploring ways to promote low-altitude flying activities and will implement low-altitude economy pilot projects in a gradual and orderly manner, Acting Secretary for Transport & Logistics Liu Chun-san said today. Replying to lawmakers’ questions at the Legislative Council, Mr Liu ... |
InvestHK sees rise in firms assisted2-7-2024
Invest Hong Kong (InvestHK) today announced that it assisted 322 Mainland and overseas companies to set up or expand operations in Hong Kong during the first six months of 2024, representing a 43% year-on-year increase. The total investment brought to the local economy reached HK$38.3 billion, up 6% year... |
May retail sales down 11.5%2-7-2024
The value of total retail sales in May, provisionally estimated at $30.5 billion, decreased 11.5% compared with the same month last year, 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... |
Trade services discussions conclude1-7-2024
Chief Executive John Lee today welcomed the substantial conclusion of the consultations between the Ministry of Commerce and the Hong Kong Special Administrative Region Government for further liberalisation of trade in services under the Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA).<... |
Senior officials celebrate July 11-7-2024
Acting Chief Secretary Cheuk Wing-hing, Deputy Secretary for Justice Cheung Kwok-kwan and Secretary for Constitutional & Mainland Affairs Erick Tsang celebrated the July 1 holiday by dining at Wan Chai Bowrington Road Cooked Food Centre. |
Duty-free allowance increased28-6-2024
The Hong Kong Special Administrative Region Government today welcomed an increase to the duty-free allowance for Mainland residents entering the Mainland from Hong Kong. The central government will raise the duty-free allowance for luggage articles brought into the Mainland by Mainland visitors travellin... |
Scheme boosts green fintech in HK28-6-2024
The seminar on “Green Fintech: Catalyst for Scaling Sustainable Finance”, which focused on green finance technology, was one of the key events of Hong Kong Green Week held by the Government earlier this year. During the event, the Green & Sustainable Finance Cross-Agency Steering Group announced the Pr... |
Fragrance exhibition opens Jun 2827-6-2024
The Hong Kong Museum of Art (HKMoA) will stage an exhibition from tomorrow to October 16 to showcase a selection of 160 precious items about the Chinese fragrance culture in different periods of time, the Leisure & Cultural Services Department announced today. |
Telemarketing rules strengthened26-6-2024
Twelve trade associations from seven industries together launched the enhanced Industry Regulatory Scheme for Marketing Calls to further expand and strengthen industry regulation of marketing calls today. The Commerce & Economic Development Bureau and the Office of the Communications Authority jointl... |
Telemarketing rule strengthened26-6-2024
Twelve trade associations from seven industries together launched the enhanced Industry Regulatory Scheme for Marketing Calls to further expand and strengthen industry regulation of marketing calls today. The Commerce & Economic Development Bureau and the Office of the Communications Authority jointl... |
May exports value up 14.8%25-6-2024
The value of Hong Kong’s total exports increased to $375.9 billion in May, up 14.8% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods increased 9.6% to $388.1 billion in the same period. A trade deficit of $12.1 billion, or 3.1% of ... |
HK, Armenia sign tax pact24-6-2024
Hong Kong today signed a comprehensive avoidance of double taxation agreement (CDTA) with Armenia. Secretary for Financial Services & the Treasury Christopher Hui said the CDTA is the 50th agreement that Hong Kong has concluded, marking a major milestone in the Hong Kong Special Administrative... |
AI the key to HK’s tech devt24-6-2024
The relationship between artificial intelligence (AI) and life science is transformative, and holds immense potential to drastically change the pharmaceutical industry and the medical and health sector. Large Language Models, or LLMs, have enabled researchers to decode protein or molecular sequences, generate ... |
Inflation at 1.2% in May21-6-2024
Overall consumer prices rose 1.2% in May year-on-year, slightly up from the 1.1% increase in April, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1%, also slightly higher than the 0.9% increase in Ap... |
CE attends InvestHK reception20-6-2024
Chief Executive John Lee today welcomed over 400 senior representatives from Mainland and foreign companies at an Invest Hong Kong (InvestHK) reception, thanking them for their lasting confidence in Hong Kong’s business environment. He also called upon them to continue using the city’s global advanta... |
Christopher Hui joins Shanghai forum19-6-2024
Secretary for Financial Services & the Treasury Christopher Hui today attended the 2024 Lujiazui Forum and visited a specialist technology firm in Shanghai. At the forum, Mr Hui addressed the second plenary session, “Strengthening International Monetary Policy Co-ordination & Addressing the Cha... |
Market reform takes effect Sept 2318-6-2024
Maintaining trading under severe weather conditions is a key step in enhancing the competitiveness of Hong Kong's market. This reform, being one of the policy initiatives set out in the Policy Address and the Budget as well as a recommendation made by the Task Force on Enhancing Stock Market Liquidity, has won... |
Christopher Hui heads for Shanghai18-6-2024
Secretary for Financial Services & the Treasury Christopher Hui will depart for Shanghai tomorrow to attend the 2024 Lujiazui Forum. |
HK ranks 5th in competitiveness18-6-2024
Hong Kong was ranked the fifth most competitive economy by the International Institute for Management Development in its World Competitiveness Yearbook 2024, up two places from last year. Among the four competitiveness factors, Hong Kong's rankings in business efficiency and infrastructure rose notably a... |
Interest in Sandy Ridge site invited17-6-2024
The Innovation, Technology & Industry Bureau and the Office of the Government Chief Information Officer (OGCIO) today invited expressions of interest (EOI) for the development at Sandy Ridge in North District for innovation and technology and related purposes. The OGCIO pointed out that a change in t... |
AI dog traces source of pollution14-6-2024
With the goal of leveraging technology to enhance work efficiency, the Environmental Protection Department introduced the Artificial Intelligence (AI) Environmental Air Nuisance Investigation Robot Dog to assist the department’s investigators in handling air pollution incidents. With its capabilities o... |
CreateHK restructuring announced14-6-2024
Create Hong Kong (CreateHK) of the Culture, Sports & Tourism Bureau has been restructured as the Cultural & Creative Industries Development Agency (CCIDA) starting today. The bureau made the announcement today and explained that the goal of restructuring is to proactively promote the development ... |
Public services kiosks set up in SZ14-6-2024
The Innovation, Technology & Industry Bureau announced today the setting up of two Hong Kong Cross-boundary Public Services self-service kiosks in Shenzhen. The self-service kiosks give enterprises and residents in Mainland cities of the Greater Bay Area one-stop access to more than 60 Hong Ko... |
SZ-HK financial co-op body formed13-6-2024
The Shenzhen-Hong Kong Financial Co-operation Committee was established and convened its first meeting in Hong Kong today. The committee is co-chaired by Secretary for Financial Services & the Treasury Christopher Hui and Shenzhen Municipal People's Government Vice-Mayor and Director General of the O... |
Online job fair attracts 240k views12-6-2024
Hong Kong Talent Engage (HKTE) co-hosted an online job fair with recruitment platforms in Hong Kong and the Mainland today, with over 240,000 views and over 2,000 job applications submitted online in about two hours. Delivering the fair's opening remarks, Secretary for Labour & Welfare Chris Sun said... |
Corporate summer internships start11-6-2024
The Scheme on Corporate Summer Internship on the Mainland & Overseas 2024 began today. Speaking at the kick off ceremony, Chief Secretary Chan Kwok-ki said the scheme has been well regarded since its launch in 2018 and has benefitted over 700 Hong Kong youths so far. He described the scheme as ... |
HK payload specialist chosen11-6-2024
Chief Executive John Lee congratulated a Hong Kong payload specialist on being selected as one of the country's fourth batch of preparatory astronauts, after the China Manned Space Agency announced the completion of the recruitment today. Mr Lee said it is the first time a Hong Kong Special Admini... |
Treasury chief concludes Europe visit7-6-2024
Secretary for Financial Services & the Treasury Christopher Hui yesterday visited Lisbon, Portugal, to meet senior officials and local business leaders there. Mr Hui met Portuguese Secretary of State for Tax Affairs Cláudia Reis Duarte to exchange views on international tax co-operation. On th... |
Data, facts reflect HK's bright future5-6-2024
The Government today said the remarks by some individuals on Hong Kong's economic and financial development have clearly overlooked the city’s existing advantages and the current positive development momentum and added that it needs to set the record straight. In a statement, the Government stre... |
Christopher Hui visits Spain6-6-2024
Secretary for Financial Services & the Treasury Christopher Hui attended a technology and startup summit in Madrid, Spain, and met the top management of the Spanish stock exchange yesterday. Mr Hui joined the South Summit in the capital of Spain that brought together some 500 speakers, 120 investment... |
CE meets Guangzhou mayor6-6-2024
Chief Executive John Lee today met Guangzhou Municipal Government Mayor Sun Zhiyang to exchange views on deepening Hong Kong's co-operation with Guangzhou. ... |
Cultural co-operation meeting held6-6-2024
The 22nd Greater Pearl River Delta Cultural Cooperation Meeting, co-ordinated by the Culture, Sports & Tourism Bureau, concluded in Hong Kong today. During the meeting attended by about 130 officials and representatives of relevant associations, working group meetings, a meeting of culture dep... |
Christopher Hui visits the Netherlands5-6-2024
Secretary for Financial Services & the Treasury Christopher Hui has started his visit to the Netherlands by meeting senior financial officials and fintech professionals as well as joining fintech event Money 20/20 Europe. During the fireside chat "Regulating the Next Wave of Financial Innovation: Les... |
APIs launched to draw global talent5-6-2024
The Government today launched a new set of TV Announcements in the Public Interest (APIs) to appeal to talent across professions on the Mainland and overseas to settle in Hong Kong. The Hong Kong Talent Engage (HKTE) said the new APIs feature the city’s vibrant and colourful lifestyle, followed by nine... |
City in Time tourism project enhanced5-6-2024
The Tourism Commission today extended the City in Time tourism project to Lei Yue Mun and upgraded its mobile app features simultaneously to enrich the experience of both locals and tourists. Secretary for Culture, Sports & Tourism Kevin Yeung said with the concept of “Tourism is everywhere in Hong... |
Govt helps ease retail trade pressure5-6-2024
Various measures implemented by the Government could alleviate the operating pressure on the retail sector and help it further develop businesses, Secretary for Commerce & Economic Development Algernon Yau told the Legislative Council today. Along with a rise in employment earnings, stabilisation of ... |
Property sales dip 25.5%4-6-2024
The Land Registry logged 7,361 sale and purchase agreements for all building units received for registration in May, down 25.5% compared with April but 39.3% higher year-on-year. The total consideration for such agreements in May dropped 25.8% from April, to $62.3 billion, while a 39.8% year-on-year i... |
Hospitality Campaign launched3-6-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today announced the launch of the Hospitality Campaign involving the Culture, Sports & Tourism Bureau, the Education Bureau, the Home Affairs Department, the Tourism Board as well as related government bodies, trades and the community. Mr Yeung ... |
Christopher Hui headed for Europe2-6-2024
Secretary for Financial Services & the Treasury Christopher Hui will depart on a visit to the Netherlands, Spain and Portugal tonight, and will return to Hong Kong on June 8. The visit is aimed at promoting Hong Kong's vibrant fintech scene, as well as Web3-based financial innovation. Mr Hui wi... |
Mainland tourism trade welcomed2-6-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today gave a warm welcome to representatives of the tourism industry and media of the eight cities which were recently added to the Individual Visit Scheme, as they began a visit to Hong Kong. The eight cities are Taiyuan, Hohhot, Harbin, Lhasa, Lan... |
Services funding round opens1-6-2024
The Professional Services Advancement Support Scheme has opened a new round of applications for funding from non-profit-distributing organisations, running from today until August 31. Eligible organisations include professional bodies, trade and industrial organisations, and research ins... |
April retail sales drop 14.7%31-5-2024
The value of total retail sales in April, provisionally estimated at $29.6 billion, was down 14.7% compared with the same month in 2023, 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 to... |
Paul Chan tours US tech firms31-5-2024
Financial Secretary Paul Chan yesterday concluded his visit to the US by visiting two technology companies in Silicon Valley. One of the companies recycles plastic materials. Mr Chan toured their research and development (R&D) facilities to learn about their patented technologies. He also intro... |
FS attends Bay to Bay Dialogue30-5-2024
On day two of his visit in the US, Financial Secretary Paul Chan took part in a dialogue between the California Bay Area and the Guangdong-Hong Kong-Macao Greater Bay Area and a function on climate action in Berkeley, California. |
CE welcomes Thai PM29-5-2024
Chief Executive John Lee today met Thai Prime Minister Srettha Thavisin who is in Hong Kong again after his last visit in October last year. Welcoming the prime minister, Mr Lee noted that Hong Kong and Thailand have frequent economic and trade exchanges. Thailand is Hong Kong's fourth-largest trad... |
FS begins US visit29-5-2024
Financial Secretary Paul Chan yesterday began a visit to the US, where he delivered a keynote speech at a business lunch and witnessed the signing of a memorandum of understanding (MOU) between Invest Hong Kong and partners in the San Francisco Bay Area. The lunch was co-organised by the Hong K... |
Tenements rating system revised29-5-2024
The progressive rating system for domestic tenements will be implemented as proposed in the 2022-23 Budget and take effect from the fourth quarter of 2024-25 onwards, the Government announced today. The Rating (Amendment) Bill 2024 will be published in the Gazette on May 31 and introduced into the Legisl... |
Innotech research pacts signed28-5-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong today witnessed the signing of a Memorandum of Understanding by 24 university research teams for projects participating in the RAISe+ Scheme. They are the first batch of projects joining the RAISe+ Scheme. The total funding a... |
More HK firms to use AI: CE28-5-2024
I welcome this opportunity to update this powerful audience on Hong Kong, where we are today, and where we plan to be tomorrow and in the time ahead. First, my congratulations to UBS for hosting the 27th Asian Investment Conference here in Hong Kong. Some 3,000 prominent leaders of global family offices,... |
Visit scheme extension begins27-5-2024
Secretary for Culture, Sports & Tourism Kevin Yeung visited the Tourism Board’s Hong Kong International Airport Visitor Centre today, as the Individual Visit Scheme (IVS) was extended to cover eight more Mainland cities. The eight cities are Taiyuan, Hohhot, Harbin, Lhasa, Lanzhou, Xining... |
CE meets maritime leaders27-5-2024
Chief Executive John Lee today met International Maritime Organization (IMO) Secretary-General Arsenio Antonio Domínguez Velasco and International Chamber of Shipping (ICS) Secretary General Guy Platten. Welcoming the two international maritime leaders and their teams to Hong Kong, Mr Lee stre... |
Kevin Yeung meets games athletes27-5-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today visited the Hong Kong Sports Institute (HKSI) to learn about Hong Kong athletes’ preparations for the 2024 Paris Olympic Games and Paralympic Games. Accompanied by the Commissioner for Sports Sam Wong, Mr Yeung toured the fencing h... |
FS briefed on smart airports25-5-2024
Financial Secretary Paul Chan called on Groupe ADP’s Innovation Hub, toured VivaTech 2024 and visited the Théâtre National de Chaillot during his trip to Paris, France. Joined by Secretary for Innovation, Technology & Industry Prof Sun Dong and Under Secretary for Constitutional & Mainland Af... |
Sha Tau Kok working group mtg held24-5-2024
The first meeting of the Working Group for Sha Tau Kok Co-operation Zone under the Task Force for Collaboration on the Northern Metropolis Development Strategy was held in Shenzhen today. |
Sun Dong attends tech expo in Paris24-5-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong today attended VivaTech 2024 in Paris, France, giving the attendees an update on Hong Kong's ever-growing startup scene. |
HK an ideal entry point to GBA: FS24-5-2024
Financial Secretary Paul Chan today promoted the enormous business opportunities brought by the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) for European businesses to over 400 French and European leaders of commercial and industrial sectors at a conference in Paris. |
Govt expresses concerns on UK case23-5-2024
Secretary for Commerce & Economic Development Algernon Yau today met the Deputy Consul-General of the UK in Hong Kong on the incident regarding the Hong Kong Economic & Trade Office (ETO) in London. In a statement, the Commerce & Economic Development Bureau said that as the UK Consul-General ... |
Sun Dong begins visit to Belgium23-5-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong yesterday began his visit to Brussels, Belgium, where he met European Commissioner for Innovation, Research, Culture, Education & Youth Iliana Ivanova. Prof Sun pointed out that it was the first time in recent years that a principal of... |
April sees 1.1% inflation23-5-2024
Overall consumer prices rose 1.1% in April year-on-year, smaller than the 2% increase in March, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 0.9%, also smaller than March's 1% increase. ... |
Kevin Yeung attends tourism summit22-5-2024
Secretary for Culture, Sports & Tourism Kevin Yeung, at the Ministry of Culture & Tourism’s invitation, attended the 14th China-US Tourism Leadership Summit held in Xi’an today and spoke at a thematic seminar session. Noting that Hong Kong has been an important gateway for visitors from the U... |
Passage of tax relief bill welcomed22-5-2024
The Government welcomed the passage of the Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill 2024 by the Legislative Council today. The bill gives effect to the Government's proposals announced in the 2024-25 Budget and the 2023 Policy Address, which includes reducing salari... |
FS to visit France, US22-5-2024
Financial Secretary Paul Chan will depart today on visits to Paris, France, and to California, in the US, and will return to Hong Kong on June 1. In Paris, Mr Chan will attend the Guangdong-Hong Kong-Macao Greater Bay Area & Europe (France) Economic & Trade Cooperation Conference, the o... |
HK to host 210 mega events in '2421-5-2024
(To watch the full press conference with sign language interpretation, click here.) More than 100 mega events will be held in Hong Kong in the second half of 2024, which will bring the total number of mega events in the city to at least 210 this year. Deputy Financial Secretary Michael Wong ... |
Youth get financial planning support21-5-2024
The kick-off ceremony of the Youth Financial Education Programme, launched by the Home & Youth Affairs Bureau and the Investor & Financial Education Council, was held today. It was announced in the 2023 Policy Address that the Government would launch a pilot scheme to provide young people with fi... |
Tech chief to visit Belgium, France21-5-2024
Secretary for Innovation, Technology & Industry (SITI) Prof Sun Dong will depart tonight for a visit to Belgium and France to strengthen the city’s ties and co-operation in innovation and technology (I&T) with the European Union and France. In Paris, Prof Sun will attend VivaTech 2024, Europe... |
Kevin Yeung heading to Xi'an21-5-2024
Secretary for Culture, Sports & Tourism Kevin Yeung will depart for Xi’an, Shaanxi Province this afternoon to attend a high-level tourism-related meeting. Mr Yeung will return to Hong Kong on May 22. During his absence, Under Secretary for Culture, Sports & Tourism Raistlin Lau will be Acting S... |
Alert issued on fake messages20-5-2024
The Commerce & Economic Development Bureau today alerted the public to fraudulent WhatsApp messages purportedly sent by the Secretary for Commerce & Economic Development (SCED). The bureau and SCED have no connection with the fraudulent messages which have been reported to Police. Citizens ... |
Free trade area a worthy goal19-5-2024
Secretary for Commerce & Economic Development Algernon Yau called on Asia-Pacific Economic Cooperation member economies to reaffirm the goal of the Free Trade Area of the Asia-Pacific (FTAAP) to fulfil the promise of shared prosperity. |
Algernon Yau joins APEC session18-5-2024
Secretary for Commerce & Economic Development Algernon Yau delivered a speech at the "Trade Liberalisation: World Trade Organization (WTO)" session at the Asia-Pacific Economic Cooperation Ministers Responsible for Trade Meeting in Arequipa, Peru.
During such discourse, Mr Yau shared his... |
HK-Peru trade deal nears completion17-5-2024
Secretary for Commerce & Economic Development Algernon Yau and Peru’s Minister of Foreign Trade & Tourism Galdo Marín have jointly announced the substantial conclusion of negotiations over a free trade agreement (FTA) between Hong Kong and Peru. They made the announcement in a meetin... |
Film pact signed at Cannes17-5-2024
Leading a Hong Kong film industry delegation at the 77th Cannes Film Festival, in France, Secretary for Culture, Sports & Tourism Kevin Yeung yesterday attended the signing ceremony for a memorandum of understanding (MOU) on film and television co-operation between Create Hong Kong and France’s Centre na... |
HK expands e-CNY pilot17-5-2024
The Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBoC) today expanded the scope of the e-CNY pilot in Hong Kong to facilitate the set up and use of e-CNY wallets by Hong Kong residents. At a press briefing this afternoon, the authority explained that the e-CNY will provide an addit... |
Tourism chief meets trade reps14-5-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today met representatives from the tourism, hotel, aviation, catering and retail sectors to discuss how to enhance the speed and quality of the tourism industry's development. They also exchanged views on tourism marketing strategies and the promoti... |
Swap Connect scheme enhanced13-5-2024
The People's Bank of China, the Securities & Futures Commission and the Hong Kong Monetary Authority today issued a joint announcement on a series of measures to enhance the mutual access arrangements between the Mainland and Hong Kong interest rate swap markets (Swap Connect). The Hong Kong S... |
Algernon Yau to depart for Peru11-5-2024
Secretary for Commerce & Economic Development Algernon Yau will depart for Arequipa, Peru tomorrow to attend the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade meeting. During the two-day meeting, which will be held on May 17 and 18, Mr Yau and trade ministers from other mem... |
US consul's remarks rejected10-5-2024
The Hong Kong Special Administrative Region Government today said it strongly deplored and opposed the biased remarks about the situation in the Hong Kong SAR made by US Consul General to Hong Kong Gregory May at a forum recently held by a US think tank. It also rejected Mr May’s slanders and smears ag... |
Kevin Yeung begins Beijing trip10-5-2024
Secretary for Culture, Sports & Tourism Kevin Yeung began his Beijing itinerary yesterday by meeting State Council Hong Kong & Macao Affairs Office Director Xia Baolong. Mr Yeung introduced the Culture, Sports & Tourism Bureau's (CSTB) latest work to Mr Xia who fully recognised its work and e... |
Sun Dong meets top Beijing official9-5-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong visited the State Council Macao Affairs Office and Ministry of Science & Technology (MOST) in Beijing today. Prof Sun updated State Council Hong Kong & Macao Affairs Office Director Xia Baolong on the latest situation of Hong Kong'... |
5G network capacity enhanced9-5-2024
The fifth generation mobile services (5G) radio base stations (RBSs) at the Convention & Exhibition Centre (CEC), AsiaWorld-Expo (AWE) and near Victoria Park have been activated, the Office of the Communications Authority (OFCA) announced today. The OFCA pointed out that four mobile network oper... |
Bay area talent forum held8-5-2024
A talent development conference was held in Hong Kong today to promote the building of a talent hub in the Greater Bay Area as well as strengthen talent development and co-operation among Guangdong, Hong Kong and Macau. Jointly organised by the three places, the Second Guangdong-Hong Kong-Macao Greater B... |
Sun Dong to visit Beijing8-5-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong will depart for a visit to Beijing today. During his stay in Beijing, Prof Sun will call on the State Council's Hong Kong & Macao Affairs Office, the Ministry of Science & Technology, and the Beijing Municipal Government. Pro... |
HK’s role as talent hub reinforced7-5-2024
Welcome to Hong Kong. And welcome to the inaugural Global Talent Summit organised by the Hong Kong Special Administrative Region (SAR) Government. And what an inaugural summit this is, with three high-powered, talent-driven events over these next two days: today's International Talent Forum, tomorrow's G... |
Talent policy working, says Chris Sun7-5-2024
Secretary for Labour & Welfare Chris Sun said today that the Government has made a very good start in attracting talent to Hong Kong through talent admission schemes. Speaking to the media, Mr Sun highlighted that over the past year and a half around 120,000 individuals have come to Hong Ko... |
FS attends ADB annual meeting5-5-2024
Financial Secretary Paul Chan attended the opening session of the 57th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) and the Plenary Session of Governors during his trip to Tbilisi, Georgia. Yesterday morning, Mr Chan met Ministry of Finance Vice Minister Liao Min who was a... |
FS meets Georgian finance minister4-5-2024
On day two of his visit in Tbilisi, Georgia, Financial Secretary Paul Chan joined the constituency meeting of the 57th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) and met Georgia’s Minister of Finance. During his meeting with Georgia’s Minister of Finance Lasha Khutsi... |
CE approves HKEX chairmanship3-5-2024
The Chief Executive has approved the appointment of Carlson Tong as Chairman of the Hong Kong Exchanges & Clearing Limited (HKEX) with immediate effect. Mr Tong was elected HKEX Chairman by the directors at a board meeting on April 24. The Chief Executive granted approval under the Securiti... |
FS meets ADB President3-5-2024
Financial Secretary Paul Chan arrived in Georgia yesterday afternoon for the 57th annual meeting of the Board of Governors of the Asian Development Bank (ADB), which runs until May 5, and met the bank’s President Masatsugu Asakawa. They exchanged views on various issues including the region... |
March retail sales drop 7%3-5-2024
The value of total retail sales in March, provisionally estimated at $31.2 billion, was down 7% compared with the same month in 2023, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volum... |
Better deposit protection proposed3-5-2024
An amendment bill to enhance the Deposit Protection Scheme (DPS) by raising the protection limit from the current $500,000 to $800,000 was published in the Government Gazette today. The Deposit Protection Scheme (Amendment) Bill 2024 also aims to strengthen the protection for depositors, maintain banking... |
eMPF Platform to launch next month2-5-2024
The Mandatory Provident Fund Schemes Authority today announced that the eMPF Platform will be launched on June 26. At a media briefing, the authority’s Chairperson Ayesha Macpherson Lau said that the platform will reduce the administration costs of MPF schemes, directly benefiting scheme members... |
2.44m tax returns issued2-5-2024
The Inland Revenue Department today sent out about 2.44 million tax returns for individuals. |
Labour Day fireworks light up HK1-5-2024
Presented by the Hong Kong Tourism Board, a stunning ten-minute pyrotechnic display illuminated Victoria Harbour this evening near Tsim Sha Tsui Promenade to celebrate the start of the Mainland’s Labour Day Golden Week holiday. The fireworks were launched at about 130 metres from the shore and reached ... |
FS to attend ADB session in Georgia30-4-2024
Financial Secretary Paul Chan will depart for Tbilisi, Georgia to attend the 57th annual meeting of the Board of Governors of the Asian Development Bank (ADB) on May 2, before returning to Hong Kong on May 6. Mr Chan will meet ADB President Masatsugu Asakawa and other senior bank officials, as well as fi... |
HK updating tax jurisdictions30-4-2024
The Government announced today that based on the Organisation for Economic Co-operation & Development's (OECD) recommendation, Hong Kong is amending the lists of jurisdictions on automatic exchange of financial account information in tax matters (AEOI) under the Inland Revenue Ordinance. This involve... |
Mortgage loans up 6.2%30-4-2024
The value of residential mortgage loans approved in March was $19.1 billion, a 6.2% increase compared with February, the Monetary Authority announced today. Mortgage loans financing primary market transactions rose 27% to $6.8 billion, while those financing secondary market transactions dipped 2.7% to $9... |
Tourist attractions inspected29-4-2024
Commissioner for Tourism Vivian Sum, joined by the Travel Industry Authority representatives, visited the Palace Museum and the Garden Road Peak Tram Station today, to check on the preparatory work for the Labour Day Golden Week holiday. They reviewed the preparatory work for receiving visitors implement... |
Treasury chief attends Beijing forum29-4-2024
Secretary for Financial Services & the Treasury Christopher Hui attended the 2024 Zhongguancun Forum Fintech Parallel Forum in Beijing today. Mr Hui also called on CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baol... |
Longer business visit days welcomed28-4-2024
The Hong Kong Special Administrative Region Government welcomes today's announcement by Mainland authorities that Mainland residents who travel to Hong Kong with an exit endorsement for a business visit will be able to stay for up to 14 days per visit starting May 6. |
Christopher Hui to attend BJ forum27-4-2024
Secretary for Financial Services & the Treasury Christopher Hui will depart for Beijing tomorrow to attend the 2024 Zhongguancun Forum Fintech Parallel Forum on April 29. |
HK to become IP trading hub: FS26-4-2024
At a reception hosted by the Intellectual Property Department to celebrate World Intellectual Property (IP) Day today, Financial Secretary Paul Chan said the Government is pursuing a number of initiatives to promote the development of Hong Kong into a regional IP trading centre. The initiatives include g... |
HK-Shanghai links strengthened26-4-2024
Chief Executive John Lee and Shanghai Mayor Gong Zheng, leading delegations of the governments of the Hong Kong Special Administrative Region and Shanghai, held the Sixth Plenary Session of the Hong Kong/Shanghai Co-operation Conference in Hong Kong today. Mr Lee said that the Hong Kong/Shanghai C... |
Grant scheme extended26-4-2024
The Government and the Securities & Futures Commission today announced details of the extension of the Grant Scheme for Open-ended Fund Companies & Real Estate Investment Trusts. Implemented by the SFC, the extended grant scheme will be open for applications from May 10. To further a... |
HK, Shanghai boost financial ties25-4-2024
Representatives of the governments, financial regulators and exchanges of Hong Kong and Shanghai held the ninth Working Meeting of Hong Kong-Shanghai Financial Co-operation in Hong Kong today to discuss how the two places could enhance financial co-operation. Secretary for Financial Services & the Tr... |
March exports value up 4.7%25-4-2024
The value of Hong Kong’s total exports increased to $384.5 billion in March, up 4.7% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods increased 5.3% to $429.5 billion in the same period. A trade deficit of $45 billion, or 10.5% of ... |
APEC business meeting held in HK23-4-2024
Chief Executive John Lee today hosted a welcome dinner for the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC) delegates attending the second 2024 ABAC Meeting in Hong Kong. Speaking at the dinner, Mr Lee highlighted the commitment of Hong Kong, China, to the Asia-Pacific Economic Coop... |
CareerConnect Expo set for May23-4-2024
The CareerConnect Expo will be held on May 7 and 8 in the Convention & Exhibition Centre concurrently with the Global Talent Summit · Hong Kong, offering quality job information and tailored solutions for settling in the city. Hong Kong Talent Engage (HKTE) welcomes talent who are interested in comi... |
HK economy solid, growing: FS23-4-2024
I have great pleasure to meet you all at the second meeting of the APEC Business Advisory Council (ABAC) this year. This remarkable event gathers nearly 200 business leaders, representing the voice of all 21 APEC member economies. First, let me express my sincere gratitude to the representatives of ABAC ... |
Inflation at 2% in March23-4-2024
Overall consumer prices rose 2% in March year-on-year, slightly up from the average 1.9% rate of increase for January and February, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1%, also sl... |
HK shines at invention event21-4-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong today congratulated the Hong Kong delegation to the 49th International Exhibition of Inventions of Geneva on its success at the event. The delegation was awarded a record high number of more than 350 prizes, including six Special Awards, 2... |
Kevin Yeung views artworks20-4-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today visited Ambassador for Cultural Promotion Xu Bing's art exhibition at the Venice Biennale in Venice, Italy. He also met Hong Kong artists who are exhibiting their artworks in Venice, as well as local cultural and artistic partners in Italy, to... |
Market access measures welcomed19-4-2024
The Hong Kong Special Administrative Region Government warmly welcomed the measures announced by the China Securities Regulatory Commission (CSRC) today to further expand mutual access between the capital markets of the Mainland and Hong Kong. The measures include: expanding the eligible product scope of... |
HK can help mainland firms thrive: FS19-4-2024
Financial Secretary Paul Chan concluded his trip to Suzhou today by visiting an enterprise that engages in in hydrogen power technology. Apart from viewing the venture’s fuel cell system and its product assembly and testing facilities, Mr Chan met its representatives to learn about the firm’s plans t... |
Chinese culture festival set18-4-2024
The inaugural Chinese Culture Festival (CCF) will be held from June to September, presenting various performing arts programmes and extension activities for the public and visitors to experience the broad and profound Chinese culture. Addressing the CCF's programme parade today, Secretary fo... |
FS tours Hangzhou, Suzhou18-4-2024
Financial Secretary Paul Chan today met Communist Party of China (CPC) officials and visited research and development (R&D) companies in Hangzhou and Suzhou on day two of his Mainland trip. In the morning, Mr Chan met CPC Zhejiang Provincial Committee Deputy Secretary and CPC Hangzhou Municipal Commi... |
I&T park's partners help attract talent18-4-2024
I am delighted to be here with you today, for the Partnership Launching Ceremony of the Hong Kong-Shenzhen Innovation & Technology (I&T) Park. This morning's ceremony is a milestone in the development of the I&T park - one that resonates far beyond the park's reach, along Hong Kong's boundary... |
I&T park signs partnership pacts18-4-2024
The Hong Kong-Shenzhen Innovation & Technology Park Limited (HSITPL) today signed memoranda of understanding (MOUs) with some 60 partners from nine economies. Chief Executive John Lee, Acting Financial Secretary Michael Wong and Secretary for Innovation, Technology & Industry Prof Sun Dong attend... |
FS begins Hangzhou trip17-4-2024
Financial Secretary Paul Chan began his visit to Hangzhou today by attending a seminar on Hong Kong serving as a multinational supply chain management centre for Mainland enterprises, and touring innovation and technology enterprises. At the seminar co-organised by Invest Hong Kong and the Hong Kong Econ... |
Kevin Yeung to visit Venice17-4-2024
Secretary for Culture, Sports & Tourism Kevin Yeung will depart for Venice, Italy, in the early morning of April 19 to officiate at the opening ceremony of the Hong Kong exhibition at the Venice Biennale. While there, he will visit the China pavilion and pavilions of other regions. The Hong Kon... |
Latest Business News
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Kevin Yeung meets French creatives 6-9-2024
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FS concludes visit to Australia 5-9-2024
Before wrapping up his visit in Australia today, Financial Secretary Paul Chan promoted Hong Kong's business advantages t...