Hong Kong Business News

香港商業資訊


News Article List

FS promotes HK in Malaysia

28-3-2023

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Financial Secretary Paul Chan continued his trip to Malaysia today by calling on Malaysian Deputy Prime Minister and Minister for Plantation & Commodities Fadillah Yusof and visiting the Universiti Malaya.

Mr Chan updated Mr Yusof on Hong Kong’s latest situation and development opportunities, highl...

FS starts Malaysian visit

28-3-2023

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Financial Secretary Paul Chan met those representing the business, fintech and financial sectors in Malaysia to promote Hong Kong’s advantages and opportunities as he began his visit there on March 27.

In the morning, Mr Chan met representatives of the Fintech Association of Malaysia to introduce them ...

Catastrophe bond issued in HK

28-3-2023

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The Hong Kong Special Administrative Region Government today welcomed the issuance of insurance-linked securities (ILS) in the form of a catastrophe bond by the World Bank in Hong Kong with a size of US$350 million.

ILS offer protection against losses related to earthquake risks in Chile over the next th...

Feb exports value down 8.8%

27-3-2023

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The value of Hong Kong's total exports decreased to $286.2 billion in February, down 8.8% on the same month last year, the Census & Statistics Department announced today.

The value of imports of goods decreased 4.1% to $331.6 billion for the same period.

A trade deficit of $45.4 billion, or 13....

Heatstroke advisory to use HKO data

24-3-2023

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Secretary for Labour & Welfare Chris Sun today said the Labour Department will incorporate the Hong Kong Observatory's (HKO) updated information as far as it can when updating the guidance notes on prevention of heatstroke at work.

Mr Sun's remarks follow an announcement by the HKO that it will stren...

HK hosts wealth summit

24-3-2023

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The Wealth for Good in Hong Kong Summit was held at the Hong Kong Palace Museum today, attended by over 100 key decision makers from global family offices and their professional teams from all over the world.

It featured panel discussions on family office sharing, wealth for tech, for philanthropy, for g...

Family office policy stated

24-3-2023

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The Government today issued the Policy Statement on Developing Family Office Businesses in Hong Kong, which sets out its policy stance and measures on developing a vibrant ecosystem for global family offices and asset owners.

It explained that the aim of its policy measures is to create a conducive and c...

Kevin Yeung to visit the Netherlands

24-3-2023

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Secretary for Culture, Sports & Tourism Kevin Yeung will depart on March 27 for Amsterdam and The Hague, and return to Hong Kong on April 1.

      

During his visit, Mr Yeung will meet government officials responsible for cultural and sports issues of the Netherlan...

FS to visit Malaysia, Singapore

24-3-2023

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Financial Secretary Paul Chan will depart for a visit to Malaysia and Singapore on March 26, seeking to forge closer financial and commercial ties between Hong Kong and the two countries, as well as promote Hong Kong's latest economic and financial developments.

He will call on senior government official...

HK promoted in Shanghai

23-3-2023

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The Hong Kong Economic & Trade Office in Shanghai held a "Hello, Hong Kong!" East China Region Reception in Shanghai today to highlight Hong Kong’s new attractions and opportunities, which was attended by about 600 guests.

In a pre-recorded speech played at the reception, Chief Executive John Lee s...

Base rate raised to 5.25%

23-3-2023

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The Monetary Authority today announced that it has increased the base rate to 5.25% with immediate effect.

The increase followed the 25-basis point upward shift in the target range for the US federal funds rate on March 22.

The base rate is the interest rate forming the foundation upon which the Di...

Feb sees 1.7% inflation

23-3-2023

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Overall consumer prices rose 1.7% in February year-on-year, less than the 2.4% 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 al...

20k voucher accounts not updated

22-3-2023

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People who had used Octopus cards to receive consumption vouchers in 2022 but returned the relevant card must update their account for receiving vouchers by March 29, in order to receive the new voucher instalment on April 16.

Issuing the reminder today, the Government said the 2023 first-instalment cons...

HK banking system resilient: CE

21-3-2023

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(To watch the full media session with sign language interpretation, click here.)

The banking system in Hong Kong is very resilient and properly regulated, Chief Executive John Lee said today.

Mr Lee made the remarks ahead of this morning’s Executive Council meeting in reply to questio...

Wealth summit speakers unveiled

21-3-2023

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The Government today announced the guest speaker list for the Wealth for Good in Hong Kong summit scheduled for March 24 at the Hong Kong Palace Museum.

The summit, with guest speakers featured in each panel session, will focus on four key themes that include Wealth for Tech, Wealth for Philanthro...

Kevin Yeung visits Guangzhou

20-3-2023

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Secretary for Culture, Sports & Tourism Kevin Yeung called on Department of Culture & Tourism of Guangdong Director General Li Bin in Guangzhou today to explore opportunities for further co-operation between Hong Kong and the province.

Mr Yeung said at their meeting that the Hong Kong Special Adm...

Algernon Yau to visit bay area cities

19-3-2023

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Secretary for Commerce & Economic Development Algernon Yau will join a delegation this afternoon to visit Guangzhou, Shenzhen, Zhuhai and Dongguan, the Government announced.
 
Organised by the Office of the Commissioner of the Ministry of Foreign Affairs in the Hong Kong Special Administrative R...

HK to foster green finance growth

18-3-2023

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While the world has largely stepped out of the woods of the COVID-19 pandemic, economic recovery remains fragile, given the numerous challenges we face, from daunting geopolitical tensions, to inflation, high interest rates and more.

But in trying times, it is all the more important that countries and ec...

CE meets finance chiefs, youths

17-3-2023

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Chief Executive John Lee called on more central ministries and met Hong Kong youths in Beijing today.

Early this morning, Mr Lee, together with Secretary for Constitutional & Mainland Affairs Erick Tsang, Secretary for Financial Services & the Treasury Christopher Hui, Secretary for Security Tang...

HK set to become green tech leader

16-3-2023

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The Green Way Forward recommendations

First of all, my thanks to the European Chamber and the EU Office to Hong Kong & Macao as well as Invest Hong Kong, the Business Environment Council, ReThink and the many others involved in producing the recommendations, which I am pleased to receive today.

Paul Chan meets Guangdong officials

15-3-2023

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Financial Secretary Paul Chan today visited Guangzhou to meet Guangdong and Guangzhou leaders and discuss the deepening of co-operation to speed up the high-quality development and economic integration of the Greater Bay Area.

During the meetings, Mr Chan said that this year’s “two sessions” were i...

Wealth summit presents opportunities

15-3-2023

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As announced by the Financial Secretary in his recent Budget speech, the Government will host the Wealth for Good in Hong Kong Summit (WGHK) as a key initiative to promote Hong Kong’s asset and wealth management industry and encourage more family offices to establish a presence in our market. In this blog, I...

Fake press release debunked

15-3-2023

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The Culture, Sports & Tourism Bureau announced today that it received reports from the public about a fraudulent congratulatory press release purportedly issued in the name of the Secretary for Culture, Sports & Tourism.

The bureau sternly clarified that the fake press release was not issued thro...

FS to visit Guangzhou

14-3-2023

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Financial Secretary Paul Chan will visit Guangzhou tomorrow to meet with leaders of Guangdong and Guangzhou.

Mr Chan will discuss the deepening of mutual co-operation to speed up high-quality development as well as the economic integration of the Guangdong-Hong Kong-Macao Greater Bay Area with the leader...

$3k voucher available in April

10-3-2023

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

Eligible citizens who successfully registered for the Consumption Voucher Scheme last year will receive the first $3,000 voucher through their stored value facility accounts on April 16 under the latest voucher ...

HK set to boost future of fintech

9-3-2023

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Let us take a moment to understand where we stand. I am pleased to report that Hong Kong has made significant progress in the development and application of fintech. We need not look far to see the vibrancy of our sector. The Faster Payment System (FPS), electronic wallets, mobile payment platforms are all ver...

Alert issued on fraudulent emails

7-3-2023

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The Inland Revenue Department today issued an alert concerning fraudulent emails purportedly issued by the department which invite recipients to claim tax refunds.

Each fraudulent email provides a hyperlink to a website that seeks to obtain the recipient's personal particulars and credit card information...

Govt officers finish training course

6-3-2023

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The Development Bureau’s Centre of Excellence for Major Project Leaders (CoE) today held a convocation ceremony and welcome session for Project Delivery Capability Programme participants.

Officiating at the event, Financial Secretary and CoE Honorary President Paul Chan congratulated the first four coh...

Wealth summit to be held

6-3-2023

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The Wealth for Good in Hong Kong Summit (WGHK) will take place on March 24 at the Hong Kong Palace Museum, the Government announced today.

Organised by the Financial Services & the Treasury Bureau and Invest Hong Kong, the summit is an international top-level exclusive event for global family offices...

Jan retail sales up 7%

2-3-2023

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The value of total retail sales in January, provisionally estimated at $36.2 billion, rose 7% compared with the same month in 2022, 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 r...

Virtual asset sector to thrive in HK

1-3-2023

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While we have now fully returned to normalcy and resumed full connectivity with the Mainland and the world, we must realise that the recovery is still at an early stage. There is still much to be done. And the external environment remains challenging, the reality of which is aptly captured by the line of today...

Mong Kok site sold

1-3-2023

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The tender for a non-industrial site in Mong Kok has been awarded on a 50-year land grant at a premium of $4.729 billion, the Lands Department announced today.

Inland Lot No. 11273 at the junction of Sai Yee Street and Argyle Street was awarded to East Classic Development, a subsidiary of Sun Hung Kai Pr...

Rates concessions set

1-3-2023

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The Rating (Exemption) Order 2023 will be gazetted on March 3 to implement the one-off rates concessions proposed in the Budget.

The Budget proposed to waive rates for the first two quarters of 2023-24, with a concession ceiling of $1,000 per tenement per quarter.

About 3.46 million properties stan...

Tax concession bill to be gazetted

1-3-2023

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The Inland Revenue (Amendment) (Child Allowance & Tax Concessions) Bill 2023 will be gazetted on March 3 to implement the tax concessions and child allowance increase proposed in the Budget.

The Budget proposed to reduce salaries tax, tax under personal assessment and profits tax for the 2022-23 asse...

Investment body's directors meet

28-2-2023

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The Hong Kong Investment Corporation's (HKIC) board of directors had an in-depth discussion on a number of issues at its first meeting today, covering the HKIC's corporate structure, governance, personnel arrangement as well as administration and management.

In the 2022 Policy Address, the Chief Executiv...

Attracting businesses discussed

28-2-2023

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Financial Secretary Paul Chan today chaired the first meeting of the Advisory Committee on Attracting Strategic Enterprises where members discussed the upcoming work plan and priorities in attracting strategic enterprises.

The scope of discussions covered strategic areas, scale of enterprises, talent and...

$77b deficit recorded

28-2-2023

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The Government today announced that it recorded a $77 billion deficit for the first 10 months of the current financial year.

Expenditure for the period was $643.5 billion and revenue was $501.3 billion. A deficit was recorded after taking into account the proceeds of $65.2 billion received from the issua...

Mortgage loans up 3.6%

28-2-2023

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Residential mortgage loans approved in January increased 3.6% compared with December 2022 to $26.5 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions dropped 7.6% to $6.5 billion, while those financing secondary market transactions rose 17.2% to $14.7 bi...

HK, SZ hold task force meeting

27-2-2023

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Deputy Financial Secretary Michael Wong held the first meeting of the Task Force for Collaboration on the Northern Metropolis Development Strategy with Shenzhen Vice Mayor Huang Min in Shenzhen today.

Mr Wong and Mr Huang led delegations of the governments of the Hong Kong Special Administrative Region a...

Jan exports value down 36.7%

27-2-2023

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The value of Hong Kong's exports fell to $290.9 billion in January, down 36.7% compared with the same month in 2022, the Census & Statistics Department announced today.

The value of imports dropped 30.2% to $316.3 billion for the same period.

A visible trade deficit of $25.4 billion, or 8% of t...

HK, SZ to hold task force meeting

26-2-2023

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Deputy Financial Secretary Michael Wong will depart for Shenzhen tomorrow to hold the first meeting of the Task Force for Collaboration on the Northern Metropolis Development Strategy with representatives of the Shenzhen Municipal People's Government.

The two sides will exchange views on matters relating...

Alert issued on fraudulent calls

24-2-2023

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The Office of the Communications Authority (OFCA) today reminded the public to be on the alert for fraudulent calls purportedly made by the Communications Authority or OFCA in relation to real-name registration for SIM cards.

It issued the warning after receiving reports from the public regarding the fra...

Tech measures financially feasible

24-2-2023

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

The Government conducted a very serious investigation to make sure all proposed innovation and technology (I&T) related measures were financially feasible before the Budget rolled out, Secretary for Innovation,...

12m SIM cards finish registration

24-2-2023

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The Government said that about 12 million SIM cards have completed real-name registration as at yesterday, the deadline of the one-year transitional period for pre-paid SIM (PPS) card users to complete registration with telecommunications service providers.

Noting the registration figure is in lin...

Digital economy key to growth: FS

24-2-2023

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Financial Secretary Paul Chan said the digital economy would be a key driver of growth and development for Hong Kong in the coming years.

Speaking on a public radio broadcast this morning, Mr Chan reiterated that digitalisation is one of the key elements to the city’s future development.

“I thi...

Land sale plan announced

23-2-2023

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

Secretary for Development Bernadette Linn announced the Government's 2023-24 Land Sale Programme that covers 12 residential sites, providing about 9,120 flats.

Among those sites, two are on Hong Kong Island, ...

Jan inflation up 2.4%

23-2-2023

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Overall consumer prices rose 2.4% in January year-on-year, a larger increase than 2% in December 2022, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 2.4%, also larger than December’s 2%.

AI centre proposals invited

23-2-2023

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The Office of the Government Chief Information Officer (OGCIO) today invited consultancy proposals for a feasibility study on the development of an artificial intelligence (AI) Supercomputing Centre in Hong Kong.

Financial Secretary Paul Chan announced in the 2023-24 Budget that a feasibility study would...

Govt to help open up markets

22-2-2023

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Financial Secretary Paul Chan today said the Government will provide additional funding to further assist Hong Kong enterprises and investors in opening up markets.

Delivering his Budget, Mr Chan stressed that in support of the Belt & Road Initiative, Hong Kong will explore and tap emerging markets s...

Consumption voucher backed

22-2-2023

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Financial Secretary Paul Chan said today the disbursement of a $5,000 electronic consumption voucher takes into account of both the economic and fiscal situation.

At a press conference after the Budget delivery, he said: “On the Consumption Voucher Scheme, we are in the process of economic recovery, al...

Stamp duty value bands adjusted

22-2-2023

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Financial Secretary Paul Chan announced in his Budget adjustments to the computation of the ad valorem stamp duty payable for the sale and purchase or transfer of residential and non-residential properties with effect from today.

In his speech, Mr Chan pointed out that more than 90% of residential proper...

FS delivers new fiscal vision

22-2-2023

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Financial Secretary Paul Chan delivered the 2023-24 Budget at the Legislative Council today, with “Leaping Forward Steadily, Together We Bolster Prosperity under Our New Vision” as its theme.

It is the first Budget presented since Hong Kong’s emergence from the COVID-19 epidemic and the resumption ...

HK’s economy set for strong rebound

22-2-2023

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While delivering his Budget speech today, Financial Secretary Paul Chan announced that Hong Kong’s economy will rebound via abundant opportunities as the city capitalises on its distinct advantages under the “one country, two systems” principle.

In his speech, he first addressed the matter of Hong ...

Mega events set to bolster tourism

22-2-2023

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Hundreds of millions of dollars will be set aside to attract tourists and enliven Hong Kong's image, Financial Secretary Paul Chan announced in his 2023-24 Budget.

Mr Chan stressed that Hong Kong has long been a world-renowned events capital and the organising of mega events, international conferences an...

More support for businesses, people

22-2-2023

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Bold measures to support businesses and individuals are a priority in the 2023-24 Budget that includes the disbursement of a $5,000 electronic consumption voucher, Financial Secretary Paul Chan announced while unveiling his Budget today.

When it comes to assisting enterprises, Mr Chan said he proposes a ...

Promoting high-quality development

22-2-2023

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Financial Secretary Paul Chan said Hong Kong will pursue high-quality development by growing its digital economy and ensuring the city is at the forefront of the third generation Internet (Web3) development.

As Hong Kong advances towards a new stage of stability, Mr Chan said the city must think about ho...

A greener financial system

22-2-2023

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Promoting a green economy is an important issue for the world, Financial Secretary Paul Chan says, adding that harnessing technological innovation, finance, commerce and manpower, could drive economic transformation and sustainable development, generate demand and create strong impetus for growth.

The wh...

Consolidating HK’s global hub status

22-2-2023

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Financial Secretary Paul Chan today announced a series of measures in the 2023-24 Budget with a view to consolidating Hong Kong’s status as an international financial centre.

Delivering the Budget at the Legislative Council this morning, Mr Chan said the Government will continue to adopt a multipronged...

I&T crucial to national development

22-2-2023

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In striving to integrate into the national development, Hong Kong must seize the Guangdong-Hong Kong-Macao Greater Bay Area opportunities and capitalise on its advantages as an international innovation and technology centre.

Financial Secretary Paul Chan made the statement this morning when delivering th...

More funds for cultural, arts exchange

22-2-2023

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Financial Secretary Paul Chan proposed to allocate $135 million to support Hong Kong artists taking part in performances and productions in the Guangdong-Hong Kong-Macao Greater Bay Area.

Mr Chan noted that Hong Kong’s position as an East‑meets‑West centre for international cultural ...

Attracting enterprises and talent

22-2-2023

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The Government will introduce a new mechanism and new scheme to entice enterprises and talent from around the world to set up in Hong Kong.

As he delivered his 2023-2024 Budget, Financial Secretary Paul Chan said the city has been a hub for multinational enterprises for a long time. To explore more marke...

Cigarette tax increase proposed

22-2-2023

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Financial Secretary Paul Chan proposed in the 2023-24 Budget that the duty on cigarettes be increased by 60 cents per stick, and the duties on other tobacco products also be increased by the same proportion.

While raising tobacco duty is internationally recognised as the most effective means to reduce to...

Airport City growth plan accelerated

22-2-2023

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To cement Hong Kong’s role as an international aviation hub, the Government is pressing ahead with the “Airport City” development strategy that promotes various economic activities with aviation as Hong Kong International Airport’s (HKIA) core business.

Financial Secretary Paul Chan made that cle...

Youth urban sports venue set

22-2-2023

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The Government will promote urban sports that are popular among the youth, Financial Secretary Paul Chan announced in his 2023-24 Budget today.

Mr Chan noted that the Culture, Sports & Tourism Bureau is examining the conversion of some underutilised floors of the Kwun Chung Municipal Services Buildin...

Green city strategies proposed

22-2-2023

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Financial Secretary Paul Chan today proposed various green initiatives in his 2023-24 Budget to build Hong Kong into a liveable city.

In his Budget speech, Mr Chan noted that Hong Kong is making vigorous efforts to achieve carbon neutrality before 2050.

Green city

The Government will earmark ...

Govt forecasts $54.4b deficit

22-2-2023

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The Government will commit resources as and when justified and needed, while strictly containing the growth of government expenditure and exploring ways to increase revenue. 

Financial Secretary Paul Chan made the statement when delivering the Budget today, noting that 2023-24 will see a $54.4 billi...

Act now for SIM card registration

16-2-2023

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Have you completed real-name registration for your pre-paid SIM card yet? If not, do it no later than February 23 to avoid any impact. The quickest way to complete the process is on mobile apps or via the websites of telecommunications service providers.

Individual users are required to provide th...

Anti-money laundering report adopted

17-2-2023

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The Government today welcomed the Financial Action Task Force's (FATF) adoption of the follow-up report on Hong Kong's anti-money laundering and counter-terrorist financing (AML/CTF) system.

Hong Kong completed the fourth round of the FATF mutual evaluation between 2018 and 2019. Its system has been asse...

Updated copyright law to take effect

17-2-2023

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The Copyright (Amendment) Ordinance 2022 (Commencement) Notice was gazetted today and the amended ordinance will come into operation on May 1.

The Copyright Ordinance was updated to strengthen copyright protection in the digital environment, including the introduction of an exclusive technology-neutral c...

Tokenised green bonds issued

16-2-2023

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The Government today announced the successful offering of $800 million worth of tokenised green bonds under the Government Green Bond Programme, which is the first such bond issued by a government globally.

The bond was priced at 4.05% with a tenor of one year. It was distributed by four banks and...

More help for SIM card registration

16-2-2023

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Support services will be further strengthened and telecommunications service providers are required to dedicate extra resources to assist users’ real-name registration for pre-paid SIM cards (PPS cards) by February 23, the Government announced today.

Real-name registration for PPS cards will be fully i...

Jobless rate drops to 3.4%

16-2-2023

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The seasonally adjusted unemployment rate fell 0.1 percentage points to 3.4% for the period between November 2022 and January 2023 compared with October to December 2022, the Census & Statistics Department announced today.

The underemployment rate also dropped 0.1 percentage points to 1.4%....

Govt optimises tax regime

15-2-2023

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The Government today welcomed the European Union's (EU) positive feedback on the efforts made by Hong Kong in putting in place a new foreign-sourced income exemption (FSIE) regime.

In response to the EU’s inclusion of Hong Kong on its watchlist on tax co-operation in 2021, the Government enacted the In...

HK Investment Corp board formed

15-2-2023

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The Government today announced the members of the Hong Kong Investment Corporation’s board of directors.

With the Financial Secretary as chairman, the board's members include relevant government officials and leaders from the community and business sectors.

The board is responsible for for...

Advisers for attracting firms appointed

15-2-2023

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The Government announced the appointment of members to the Advisory Committee on Attracting Strategic Enterprises for two years from today.

The members were appointed by Financial Secretary Paul Chan who chairs the advisory committee, comprising representatives from the business sector and communi...

Cable TV licence surrender approved

14-2-2023

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The Government announced today that the Chief Executive-in-Council has approved the termination of Hong Kong Cable Television's (HKCTV) domestic pay television programme service (pay TV) licence from June 1.

HKCTV’s pay TV licence was renewed for 12 years by the Chief Executive-in Council in December 2...

Tax consultation to be launched

13-2-2023

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The Financial Services & the Treasury Bureau announced today that the Government will launch a consultation in mid-March on an initiative to enhance the tax certainty of onshore gains on the disposal of equity interests.

To increase the attractiveness of Hong Kong as an international investment and b...

Exchange Fund foreign assets surge

14-2-2023

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The Exchange Fund’s foreign assets increased $115.2 billion to $3.6177 trillion in January, the Monetary Authority announced today.

The monetary base amounted to $1.9272 trillion, while claims on the private sector in Hong Kong amounted to $303.4 billion, it said.

...

Officials meet Shenzhen vice mayor

10-2-2023

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Secretary for Culture, Sports & Tourism Kevin Yeung and Secretary for Environment & Ecology Tse Chin-wan today met Vice Mayor of Shenzhen Municipal People's Government Zhang Hua separately to discuss issues of mutual concern.

Mr Yeung exchanged views with Ms Zhang on Hong Kong-Shenzhen co-operati...

CE meets UAE officials

10-2-2023

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Chief Executive John Lee met Vice-President and Prime Minister of the United Arab Emirates (UAE) and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum during his visit to the Middle East.

Mr Lee said the UAE is a key partner in the Belt & Road Initiative, which has developed several major proje...

Northern Metropolis advisers named

10-2-2023

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The Government announced the appointment of non-official members to the Advisory Committee on the Northern Metropolis for two years from today.

Chief Executive John Lee stated in his 2022 Policy Address that the Government would establish the Steering Committee on the Northern Metropolis and the A...

Middle East visit fruitful: CE

10-2-2023

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Chief Executive John Lee said his visit to the Middle East was fruitful.

At a media session in the United Arab Emirates today, he described the trip as a visit of strengthening friendship with the Middle East, further promoting the strengths and advantages of Hong Kong and enhancing the potential for oth...

Law underpins HK's attractiveness

9-2-2023

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As a leading global financial centre, Hong Kong offers a full range of investment choices and financing solutions. Be it traditional investments, alternative assets (such as private equity, hedge funds), green and sustainable financing, or virtual assets. You name it, we have it. Such an important and competit...

CE continues UAE visit

9-2-2023

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Chief Executive John Lee continued his visit in Abu Dhabi, the United Arab Emirates (UAE), where he toured local industrial facilities and a logistics group before starting his visit programme in Dubai.

In the morning, Mr Lee led the Hong Kong delegation to visit the China-UAE Industrial Capacity Coopera...

CE begins Abu Dhabi visit

8-2-2023

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Chief Executive John Lee started his visit to Abu Dhabi, the United Arab Emirates (UAE) on February 7 by attending a business forum and visiting enterprises there.

The delegation led by Mr Lee attended the Abu Dhabi-Hong Kong Business Forum and networking luncheon hosted by the Abu Dhabi Chambe...

Stance on relief measures explained

8-2-2023

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Acting Secretary for Financial Services & the Treasury Joseph Chan said the Government will consider a host of factors, such as the prevailing economic situation, its financial position and the needs of people, in a holistic manner when it comes to formulating effective relief measures to assist the public...

HK a key Middle East connector

7-2-2023

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It is business and friendship that brought me here, on one of my first overseas visits as the Chief Executive of the Hong Kong Special Administrative Region of the People's Republic of China. And with me today are some 30 high-level Hong Kong leaders from a great variety of sectors and industries.

We are...

Dec retail sales rise 1.1%

3-2-2023

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The value of total retail sales in December 2022, provisionally estimated at $33.7 billion, rose 1.1% 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...

CE begins visit in Saudi Arabia

6-2-2023

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Chief Executive John Lee started his visit to Riyadh by meeting Saudi Arabian Minister of Investment Khalid Al-Falih, where they exchanged views on establishing closer economic and trade ties between the two sides.

Mr Lee said that Hong Kong and Saudi Arabia have always maintained close bilateral trade r...

John Lee shares technology vision

6-2-2023

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It gives me great pleasure to be here, in Riyadh, for this year's LEAP Tech Conference, one of the world's leading technology gatherings. I am here, let me add, with a high-profile Hong Kong delegation, and we look forward to talking to as many of you as we can today.

This inspired, and inspiring, confer...

CE boosts ties in Saudi Arabia

7-2-2023

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Chief Executive John Lee continued his visit to Saudi Arabia on February 6 by attending a technology conference and exchanging views on fostering co-operation on innovation and technology (I&T) between the two places.

In the morning, Mr Lee met Secretary-General of the Cooperation Council for the Ara...

Paul Chan visits HK brands expo

22-12-2022

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Financial Secretary Paul Chan today invited consuls general from five countries of the Association of Southeast Asian Nations (ASEAN) in Hong Kong to visit the 56th Hong Kong Brands & Products Expo at Victoria Park.

Mr Chan toured the expo with consul generals from the Philippines, Indonesia, Vietnam...

US urged to respect WTO ruling

22-12-2022

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(To watch the full media session with sign language interpretation, click here.)

Secretary for Commerce & Economic Development Algernon Yau today said he has written to the US Trade Representative to urge the US to withdraw the origin marking requirement imposed on Hong Kong products following...

I&T development blueprint unveiled

22-12-2022

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

The Government promulgated the Hong Kong Innovation & Technology (I&T) Development Blueprint today to establish a clear development path and formulate systematic strategic planning for I&T development o...

Govt welcomes WTO ruling

21-12-2022

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The Hong Kong Special Administrative Region Government today welcomed the ruling made by the panel established under the World Trade Organization's (WTO) Dispute Settlement Body (DSB) that the origin marking requirement imposed on Hong Kong products by the US is inconsistent with WTO rules.

Since Novembe...

Nov inflation up 1.8%

20-12-2022

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Overall consumer prices rose 1.8% in November year-on-year, the same as that in October, the Census & Statistics Department announced today.

Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 1.7%, also the same as that in October.

Compared wi...

View sought on crowdfunding rules

19-12-2022

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The Financial Services & the Treasury Bureau today published a consultation paper on the proposal to enhance regulation of crowdfunding activities and launched a three-month public consultation exercise.

The consultation paper sets out various recommendations on enhancing the transparency...

Stock Connect expansion welcomed

19-12-2022

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The Hong Kong Special Administrative Region Government today warmly welcomed the expansion of the scope of eligible stocks under Stock Connect.

The China Securities Regulatory Commission and the Securities & Futures Commission issued a joint announcement today on the in-principle approval for th...

Stamps to mark Year of the Rabbit

19-12-2022

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Lunar New Year special stamps will be issued on January 10, 2023, to ring in the Year of the Rabbit, Hongkong Post announced today.

The upcoming Lunar New Year special stamp series consists of four stamps and a stamp sheetlet featuring the propitious rabbit in different traditional handicrafts, heralding...

Mainland, HK boost I&T co-operation

16-12-2022

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The 16th meeting of the Mainland/Hong Kong Science & Technology Co-operation Committee was held via video conferencing today.

Secretary for Innovation, Technology & Industry Prof Sun Dong and Vice Minister of Science & Technology Prof Zhang Guangjun co-chaired the meeting.

Prof Sun said...

Cultural forum successfully concludes

16-12-2022

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The Asia Cultural Co-operation Forum 2022 successfully concluded today with 21 countries and 14 overseas delegations taking part, the largest number of participants since the forum's establishment in 2003.

The participating delegations attended the "Revitalisation & Conservation of Historical Heritag...

Copyright law amendment gazetted

16-12-2022

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The Copyright (Amendment) Ordinance 2022 was gazetted today to update Hong Kong's copyright regime to strengthen copyright protection in the digital environment.

The Commerce & Economic Development Bureau said the copyright system is an essential component of the intellectual property (IP) regime, of...

SIM card registration reminder issued

16-12-2022

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The Government today reminded the public that pre-paid SIM (PPS) cards which have not completed real-name registration before February 23, 2023 cannot be used after that date.

Card users who have not completed real-name registration should register as soon as possible to avoid disruption of their te...

Base rate raised to 4.75%

15-12-2022

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The Monetary Authority has increased the base rate to 4.75% with immediate effect.

The increase followed the 50-basis point upward shift in the target range for the US federal funds rate on December 14.

The base rate is the interest rate forming the foundation upon which the Discount Rates for repu...

I&T blueprint to be unveiled soon

15-12-2022

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Welcome to the inaugural Global Innovation & Technology Summit organised by the Innovation & Technology Commission of the Hong Kong Special Administrative Region Government. Today's summit features some 30 world-class scientists, academics and researchers from Asia, Europe and North America.

This...

IRD to move to Kai Tak

15-12-2022

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The Inland Revenue Department (IRD) announced that it will relocate its offices currently located at the Revenue Tower in Wan Chai to the newly built Inland Revenue Centre at 5 Concorde Road, Kai Tak in Kowloon, by phases from December 19 to May 2023.

Those planning to visit the department’s offices du...

New SFC chief appointed

15-12-2022

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The Chief Executive today appointed Julia Leung as Securities & Futures Commission Chief Executive Officer for three years starting January 1, 2023, succeeding Ashley Alder upon his coming departure.

Financial Secretary Paul Chan lauded Ms Leung for having a profound knowledge of and extensive e...

Pop culture centre in the works

14-12-2022

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Our country has indicated clear support for Hong Kong to develop into an East‑meets‑West centre for international cultural exchange. This is not only a clear recognition of Hong Kong's unique position as a cultural crossroad cosmopolitan city and the vibrant arts and cultural development over the years, bu...

CE chairs development meetings

14-12-2022

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Chief Executive John Lee chaired on two consecutive days the first meetings of the Steering Group on Integration into National Development and the Steering Committee on the Northern Metropolis.

At the Steering Committee on the Northern Metropolis’ first meeting held today, Mr Lee said the Northern Metr...

Passage of taxation bill welcomed

14-12-2022

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The Government welcomed the Legislative Council’s passage of a bill today that strengthens Hong Kong’s tax regime for better combatting cross-border tax avoidance arising from double non-taxation.

The Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Bill 2022 introduces a new...

HK resilient amid uncertainties

13-12-2022

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Over the past 20 years, the Chamber of Hong Kong Listed Companies has made immense contributions to enhancing Hong Kong’s position as an international financial centre. By strengthening collaboration and communication between listed companies and financial regulators as well as the Government, the chamber ha...

Green finance training supported

13-12-2022

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

The Government today launched the Pilot Green & Sustainable Finance Capacity Building Support Scheme to encourage local practitioners and prospective practitioners to receive training related to green an...

New building automation encouraged

13-12-2022

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Indeed, infrastructure and construction have long been indispensable to the sustainable economic development of Hong Kong.

Last year, counting both public and private sectors, our construction output totalled some HK$240 billion – that is nearly US$31 billion. That, ladies and gentlemen, accounted for ...

FS meets WTO Director-General

10-12-2022

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Financial Secretary Paul Chan today had a breakfast meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala, where he introduced Hong Kong's latest economic and trade developments.

Noting that Hong Kong is stepping towards normalcy, Mr Chan said the Hong Kong Special Administrati...

HK welcomes WTO rulings

10-12-2022

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The Hong Kong Special Administrative Region Government today welcomed the rulings made yesterday by the panels established under the World Trade Organization's (WTO) Dispute Settlement Body (DSB) that the US' imposition of global tariffs on steel and aluminium imports is inconsistent with WTO rules.

The ...

Tan Dun named cultural ambassador

8-12-2022

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Secretary for Culture, Sports & Tourism Kevin Yeung has appointed Chinese composer, musician and conductor Tan Dun as Ambassador for Cultural Promotion for five years starting January 1, 2023.   

  

As Ambassador for Cultural Promotion, Mr Tan will initiate large-sc...

Anti-money laundering bill passed

7-12-2022

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Secretary for Financial Services & the Treasury Christopher Hui welcomed the Legislative Council's passage of the Anti-Money Laundering & Counter-Terrorist Financing (Amendment) Bill 2022 today.

The bill reinforces Hong Kong’s status as an international financial centre by enhancing the city’...

Embracing change for growth

5-12-2022

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It has been five years since I last spoke at this yearly gathering of the Institute. Thank you for giving me the opportunity to be with you again.

In fact, being among you is always a homecoming of some sort, bringing back a lot of fond memories. It is an opportunity to look back. So much to look back to...

HK back stronger than ever: CE

5-12-2022

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This is the fifth consecutive year that the Insurance Authority has hosted the Asian Insurance Forum. A warm welcome to the industry leaders, experts and guests from near and far joining us here in person as well as online. We are all here to share insights into development prospects and opportunities for the ...

Insurance development roadmap set

5-12-2022

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The Government today issued a development roadmap for the insurance sector in Hong Kong, outlining its visions and missions as well as targeted policy measures to consolidate the city's status as a global risk management centre and sophisticated insurance hub.

It will work closely with the Insurance...

Devoting efforts on trade partnership

3-12-2022

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At the heart of the Belt & Road Initiative lies the five co-operation priorities that we all know: enhancing policy co-ordination, strengthening infrastructural facilities connectivity, facilitating unimpeded trade, deepening financial integration and building people-to-people bonds.

Hong Kong, with ...

Charting the insurance sector's future

2-12-2022

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Life is as unpredictable as weather. My infection with COVID-19 last week had instantly overturned my life and work schedules. It also drove me to reflect on the importance of risk management, which is essential to people, the economy and the society. One of the key functions of the financial market is to...

Property sales down 16.4%

2-12-2022

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The Land Registry recorded 3,713 sale and purchase agreements for all building units received for registration in November, down 16.4% compared with October and 48.7% lower year-on-year.

The total consideration for such agreements fell 7.7% from October to $30.2 billion in November while a 52% year-on-ye...

Tech chief visits manufacturing centre

1-12-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Advanced Manufacturing Centre (AMC) and toured two enterprises there as well as a financial data centre nearby.

Under Secretary for Innovation, Technology & Industry Lillian Cheong and Commissioner for Innovation &...

Oct retail sales up 3.9%

1-12-2022

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The value of total retail sales in September, provisionally estimated at $31.9 billion, edged up by 3.9% 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...

Govt to step up IP rights protection

1-12-2022

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Good morning from Hong Kong, and good day from wherever in the wide world of intellectual property (IP) you are joining us, for the 12th Business of Intellectual Property Asia Forum.

For the first time in three years, day one of the forum takes place in person. And, of course, you can take it all in...

Views invited on product safety

1-12-2022

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The Government is inviting citizens to submit their views on its proposed updates to Schedule 2 to the Toys & Children’s Products Safety Ordinance in order to implement up-to-date safety standards promulgated by the relevant standards institutions for four classes of children’s ...

Seminar held for HK enterprises

30-11-2022

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The Commerce & Economic Development Bureau today held a seminar to raise Hong Kong enterprises' understanding of the latest developments of the Mainland's Economic & Trade Co-operation Zones (ETCZs) in Vietnam, Indonesia and Laos.

The event was jointly organised with the Commercial Offi...

CE meets world IP chief

30-11-2022

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Chief Executive John Lee today met World Intellectual Property Organization Director General Daren Tang who is visiting Hong Kong to attend the upcoming Business of Intellectual Property (IP) Asia Forum.

The forum, to be held on December 1 and 2, is one of the signature events celebrating the 25th annive...

$275.7b deficit recorded

30-11-2022

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The Government today announced that it recorded a $275.7 billion deficit for the first seven months of the current financial year.

Expenditure for the period was $467.6 billion and revenue was $171.9 billion. A deficit was recorded after taking into account the proceeds of $20 billion received from the i...

Govt organises finance talk

29-11-2022

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Asian Infrastructure Investment Bank (AIIB) President Jin Liqun delivered a talk jointly organised by the Financial Services & the Treasury Bureau and the Civil Service College today.

Some 100 senior civil servants and staff from the bureau's Working Group on Integration into National Development par...

Customs promotes trade facilitation

29-11-2022

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The Customs & Excise Department held the Hong Kong Authorized Economic Operator (AEO) Programme 10th Anniversary Celebration Ceremony today and presented certificates to 29 new members of the programme and presented Hong Kong AEO Programme Partnership Scheme Awards.

With "Bringing In & Going Glob...

83 companies commended

28-11-2022

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Eighty-three local companies were commended at the 2021-22 Hong Kong Awards for Industries presentation ceremony today.

Speaking at the ceremony, Chief Secretary Chan Kwok-ki said the Government will strengthen efforts to foster re-industrialisation and support Hong Kong's industries to develop advanced ...

GD, HK boost IP co-operation

28-11-2022

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Guangdong and Hong Kong today endorsed the co-operation projects on intellectual property (IP) rights protection from mid-2022 to the end of 2023.

The Guangdong/Hong Kong Expert Group on the Protection of Intellectual Property Rights agreed to continue to strengthen the mutual collaboration and developme...

Oct exports down 10.4%

28-11-2022

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The value of Hong Kong’s total goods exports fell to $374.7 billion in October, down 10.4% compared with the same month last year, the Census & Statistics Department announced today.

The value of goods imports dropped 11.9% to $395.5 billion for the same period.

A trade deficit of $20.9 billi...

Christopher Hui contracts COVID-19

26-11-2022

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Secretary for Financial Services & the Treasury Christopher Hui has tested positive for COVID-19 through a polymerase chain reaction-based nucleic acid test.

He is undergoing isolation in accordance with the Centre for Health Protection's guidelines.

The Financial Services & the Treasury Bu...

Song mix-up unlikely a political move

26-11-2022

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Secretary for Culture, Sports & Tourism Kevin Yeung today said there is no evidence to suggest at this stage, that the wrong song being played at a rugby tournament was politically motivated.

Speaking to reporters, Mr Yeung explained his statement which was made during a radio programme: “What...

HK set for virtual assets

25-11-2022

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Our banking sector is clearly our pride and a gem in contributing to Hong Kong’s status as an international financial centre (IFC). We are, after all, one of the world’s largest international banking centres. By our latest count, 77 of the top 100 global banks are operating in Hong Kong. At the end of Augu...

Views invited on trade pact

24-11-2022

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The Government is inviting citizens to offer their views after it launched a one-month public consultation today on the negotiation of a bilateral free trade agreement (FTA) with Peru.

It explained that the aim of the consultation is to solicit views on areas of interest to the Hong Kong business communi...

Survey on non-HK firms released

24-11-2022

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The number of businesses in Hong Kong with parent companies located outside the city stands at 8,978 in 2022, according to an annual survey released by Invest Hong Kong and the Census & Statistics Department today.

Of the 8,978 companies, 1,411 operate as regional headquarters, 2,397 as r...

Help for tourism industry expanded

23-11-2022

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The Government has been committed to expanding, as far as practicable, room for businesses to operate within the travel trade on the premise that it can contain and combat the COVID-19 epidemic, thereby facilitating the gradual resumption of the inbound travel market in an orderly manner.

Secretary for C...

Michael Wong tests positive

23-11-2022

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Deputy Financial Secretary Michael Wong tested positive for COVID-19 through a polymerase chain reaction-based nucleic acid test, his office announced today.

He is undergoing isolation in accordance with the Centre for Health Protection’s guidelines.

Mr Wong, who has no recent travel history, las...

HK an East-West gateway

22-11-2022

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I am pleased to welcome you to the 12th Asian Logistics, Maritime & Aviation Conference, the largest annual event of its kind in Asia, this year featuring some 90 high-profile speakers from all over the world.

That demands logistics of a superlative order, especially given that this year’s two-day ...

HK promoted in Thailand

21-11-2022

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Secretary for Commerce & Economic Development Algernon Yau and a Hong Kong business delegation in Bangkok, Thailand, shared with Thai business sectors Hong Kong's favourable business environment and immense opportunities.

At a business seminar and lunch, Mr Yau pointed out that Hong Kong's continued ...

1.8% inflation in October

21-11-2022

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Overall consumer prices rose 1.8% in October year-on-year, smaller than the 4.4% increase in September, the Census & Statistics Department announced today.

Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 1.7%, slightly less than September's 1.8%....

Extending HK’s global reach

21-11-2022

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Following my visit to Manila, the Philippines at the end of September to attend the Asian Development Bank Annual Meeting and another trip to Bangkok, Thailand in mid-October to attend the Asia-Pacific Economic Cooperation Finance Ministers’ Meeting, Permanent Secretary for Financial Services & the Treas...

John Lee tells HK's good stories

19-11-2022

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Chief Executive John Lee today said he has taken the opportunity during his visit to Thailand to tell the good stories of Hong Kong, including highlighting the city's advantages and opportunities.

Mr Lee made the remarks at a media session where he is attending the 29th Asia-Pacific Economic Cooperation ...

Group tour agents’ requirements set

18-11-2022

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Licensed travel agents are required to undertake strict compliance with certain anti-epidemic measures in order to arrange for inbound tour group travellers holding the Amber Code to enter specific catering premises to have meals.

The specific arrangements for inbound tour groups was implemented today.

Algernon Yau attends APEC meeting

17-11-2022

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Secretary for Commerce & Economic Development Algernon Yau today attended one of the plenary sessions of the 33rd Asia-Pacific Economic Cooperation Ministerial Meeting in Bangkok, Thailand.

During the session themed Open & Sustainable Trade & Investment, Mr Yau and ministers of 20 other membe...

LeaveHomeSafe app awarded

16-11-2022

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The Office of the Government Chief Information Officer announced today that the LeaveHomeSafe mobile app was awarded the Best Public Health Partner 2022 at Huawei Developer Day APAC.

Government Chief Information Officer Victor Lam pointed out that the LeaveHomeSafe mobile app, with the number of download...

FS meets Brazilian official

16-11-2022

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Financial Secretary Paul Chan met Ministry of Economy of Brazil International Economic Affairs Secretary Marco Aurélio Rocha today and discussed further bilateral economic and trade co-operation.

Mr Chan is attending the Group of Twenty (G20) Leaders' Summit in Bali, Indonesia.

He also exchan...

HK, Peru start trade pact talks

16-11-2022

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Secretary for Commerce & Economic Development Algernon Yau arrived in Bangkok today to attend the Asia-Pacific Economic Cooperation Ministerial Meeting.

Upon his arrival, Mr Yau met Peru's Vice Minister of Foreign Trade Miguel Palomino and the two sides announced the launch of negotiations for a free...

New TV channel launches Nov 21

15-11-2022

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The Office of the Communications Authority (OFCA) today reminded citizens about the arrangement for receiving Fantastic Television's new programme channel, HOY Infotainment, to be launched at 6am on November 21.

Fantastic TV has been broadcasting its TV programme channels via both fixed network and radio...

FS attends G20 summit

15-11-2022

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Financial Secretary Paul Chan today attended the Group of Twenty (G20) Leaders' Summit in Bali, Indonesia, as part of the delegation of the People's Republic of China.

This year’s summit adopted "Recover Together, Recover Stronger" as its theme, with discussions on topics such as the global economy, en...

New route boosts transport network

15-11-2022

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The Tseung Kwan O-Lam Tin Tunnel and Cross Bay Link, Tseung Kwan O will be open to traffic on December 11.

The Transport Department expects 30% to 40% of the vehicles that pass through the Tseung Kwan O Tunnel to switch to the new route.

The two highway projects will serve as a new route betwe...

CE to attend APEC meetings

15-11-2022

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Chief Executive John Lee will depart for Thailand in the morning on November 17 to attend the 29th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting and other related meetings in Bangkok.

This year, APEC has adopted the theme "Open. Connect. Balance.", with discussions on topics under th...

FS arrives in Bali for G20 summit

14-11-2022

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Financial Secretary Paul Chan arrived in Bali, Indonesia today to attend the Group of Twenty (G20) Leaders' Summit and began his visit by meeting the chairman of the Indonesian Chamber of Commerce & Industry (KADIN) and the Chief Executive Officer of a financial services company. 

KADIN is the l...

FS to attend G20 summit

12-11-2022

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Financial Secretary Paul Chan will depart tomorrow afternoon for Bali, Indonesia, to attend the Group of Twenty Leaders’ Summit to be held next Tuesday and Wednesday, as part of the delegation of the People’s Republic of China.

At the summit, leaders of the world’s major economies will ha...

CE lauds HK as a fusion of strengths

9-11-2022

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In my Policy Address, there are a series of initiatives designed to attract strategic businesses and talents to Hong Kong, to sectors central to our future. They include life and health technology, artificial intelligence and data science, financial technology, advanced manufacturing, new energy technology and...

Plans set to allow more activities

8-11-2022

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(To watch the full media session with sign language interpretation, click here.)

Chief Executive John Lee said the Government will launch specific plans to enable more activities, particularly large-scale ones with economic elements and international events, to take place in Hong Kong while also c...

Systems’ differences not unresolvable

8-11-2022

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What makes this occasion even more special is that this year 2022 marks the 25th anniversary of the establishment of the Hong Kong Special Administrative Region, which we are celebrating throughout Hong Kong Legal Week. I hope you will all enjoy the wonderful events that we have organised for you.

(I) Lo...

HK, Mauritius sign tax pact

7-11-2022

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The Government today said Hong Kong has signed a comprehensive avoidance of double taxation agreement (CDTA) with Mauritius today, signifying its sustained efforts in expanding the city’s tax treaty network.

Secretary for Financial Services & the Treasury Christopher Hui signed the agreement...

New arrangements for tour groups set

7-11-2022

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Inbound tour group travellers holding an amber code under the Vaccine Pass, who are received by licensed travel agents, will be allowed to enter designated tourist attractions including theme parks, museums and temples, and dine in the partitioned areas in designated catering premises that meet special anti-ep...

Business funding schemes enhanced

7-11-2022

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The Trade & Industry Department today announced enhancements to the Dedicated Fund on Branding, Upgrading & Domestic Sales (Bud Fund) and the SME Export Marketing Fund (EMF).

The improvements launched will further support local enterprises in enhancing their competitiveness and deve...

HK has extensive advantages: CE

5-11-2022

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It gives me great pleasure to join the Fifth China International Import Expo and the Hongqiao International Economic Forum. I am grateful for the opportunity to address you on regional co-operation.

     

Hong Kong is one of the world’s most externally oriented and open e...

Govt devoted to construction industry

4-11-2022

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Infrastructure and the construction industry have long been indispensable to the economic development of Hong Kong. There is no doubt that infrastructure investment will be one of the vital factors underpinning Hong Kong's economic revival.

Opportunities do not get much bigger for our economy, and the fu...

HK takes part in import expo

4-11-2022

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Chief Executive John Lee and Secretary for Commerce & Economic Development Algernon Yau participated online in the opening ceremony of the fifth China International Import Expo and the Hongqiao International Economic Forum this evening.

The theme of this year’s Hongqiao International Economic Forum...

Economic growth can be attained: FS

3-11-2022

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Financial Secretary Paul Chan said an added impetus to Hong Kong’s economic growth will be provided once the city can get its COVID-19 situation under control and as long as it continues to enable people to travel to and from Hong Kong freely.

Mr Chan made such remarks to the media after attending an e...

Testing, quarantine steps followed

3-11-2022

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Financial Secretary Paul Chan today made it clear that he followed the same COVID-19 testing and quarantine procedures as every other inbound Hong Kong citizen upon his return from Saudi Arabia.

Mr Chan had tested positive for COVID-19 during his visit there.

Speaking to the media after a...

HK key connector to Mainland

3-11-2022

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Today's theme asks how Hong Kong can “build stronger ties with Mainland China and ASEAN (Association of Southeast Asian Nations) in the new normal”. I am result-oriented, so I must try to answer that question. We have been living in the eye of a pandemic for nearly three years now. And we know, first-hand,...

Stock market monitored daily

3-11-2022

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Today's discussion, "Conversations with Global Investors", will focus on how investors could position themselves to manage risks and capture future opportunities. It just cannot be more timely.

While I look forward to panelists' sharing about their valuable insights in their respective investment areas, ...

Financial leaders' summit concludes

3-11-2022

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The Monetary Authority said the Global Financial Leaders' Investment Summit concluded successfully today and that it plans to host the summit again next year, which coincides with the 30th anniversary of the authority's establishment.

During the three-day event, 26 prominent financial leaders shared thei...

Base rate raised to 4.25%

3-11-2022

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The Monetary Authority has increased the base rate to 4.25% with immediate effect.

The increase followed the 75-basis point upward shift in the target range for the US federal funds rate on November 2.

The base rate is the interest rate forming the foundation upon which the Discount Rates for repur...

FS regarded as recovered case

3-11-2022

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Financial Secretary Paul Chan was regarded as a COVID-19 recovered case and as a result, isolation is not required and a red code was not issued, the Government said today.

It made the statement in response to media enquiries about the post-arrival polymerase chain reaction (PCR) test and isolation arran...

HK to become top green finance hub

2-11-2022

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Looking to the future, the potential and opportunities of Hong Kong as an international financial centre (IFC) is just boundless, thanks to the unique connectivity with the Mainland and the world. We are determined to excel in many areas. Among them, our fund-raising platforms, our role in the renminbi's inter...

Super-connector role assured

2-11-2022

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This morning in Hong Kong, I attended the Global Financial Leaders' Investment Summit to address a number of global financial leaders from overseas and the Mainland travelling to Hong Kong to see for themselves the vibrancy and vitality of Hong Kong, and the tremendous opportunities that this city could offer ...

FS to attend summit

1-11-2022

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Financial Secretary Paul Chan will attend the Global Financial Leaders’ Investment Summit tomorrow after the Centre for Health Protection determined that his infection case was a recovered one and isolation was not required.

Mr Chan took a PCR test at Hong Kong International Airport after arrival, and ...

HK always bounces back: CE

2-11-2022

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Welcome to the Global Financial Leaders’ Investment Summit.

Or, as I like to call it, the “Hong Kong Onstage Again Summit”! The back to business stage. The doing business with the world stage. Where we belong stage. With you - financial, investment and business leaders from about 20 countries and e...

Sept retail sales up 0.2%

1-11-2022

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The value of total retail sales in September, provisionally estimated at $28.1 billion, edged up by 0.2% 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...

Financial leaders' summit kicks off

1-11-2022

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The Global Financial Leaders' Investment Summit hosted by the Monetary Authority opened today with over 200 international and regional leaders from around 120 global financial institutions taking part in it.

Such institutions include banks, securities firms, asset managers, private equity and venture cap...

Sun Dong introduces I&T initiatives

1-11-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today attended a seminar to brief the innovation and technology (I&T) sector, professional bodies, academic associations and research clusters on the I&T initiatives outlined in the Policy Address.

Prof Sun said the Policy Address ...

App facilitates driving licence renewal

31-10-2022

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Public utility electronic bills can now be used as proof of address during online applications for the renewal of vehicle or full driving licences through the iAM Smart mobile app, the Government announced.

The Office of the Government Chief Information Officer today said the Transport Department ha...

LeaveHomeSafe app updates ready

31-10-2022

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The Office of the Government Chief Information Officer today said that the latest version 3.5.0 of the LeaveHomeSafe mobile application is now available for updates and includes new functions such as automatic checking of Vaccine Pass red and amber codes of accompanied people as well as simpli...

FS to return to HK

31-10-2022

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Financial Secretary Paul Chan, who is in Riyadh, Saudi Arabia, has tested negative for COVID-19 through a rapid antigen test (RAT) and arranged to return to Hong Kong within the day.

He is expected to arrive in the city tomorrow afternoon, Hong Kong time.

Mr Chan visited the Middle East earlier and...

Govt supports fintech development

31-10-2022

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The Hong Kong FinTech Week starts today. I promise you a truly rewarding experience on any day during this week, whether you are attending the in-house sessions or tuning in to the ambitious online programme.

After all, more than 250 high-powered speakers are taking part, presenting the latest intelligen...

HKMA fosters fintech growth

31-10-2022

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The Monetary Authority today co-organised Hong Kong FinTech Week 2022 and announced new initiatives to spur Hong Kong’s fintech development.

The authority will apply Anti-Money Laundering Suptech, using granular data from multiple banks for the first time, to study how network analysis on m...

Economy contracts 4.5% in Q3

31-10-2022

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Hong Kong's economy in the third quarter contracted 4.5% from a year earlier according to the advance estimates on gross domestic product (GDP), the Census & Statistics Department announced today.

It said the decline in GDP was mainly attributable to the weak performance in external demand during the...

Virtual asset policy stated

31-10-2022

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The Government today issued a policy statement on the development of virtual assets (VA) in Hong Kong, which sets out its policy stance and approach towards developing a vibrant sector and ecosystem for VA in the city.

The statement covers the Government's vision and approach that it, in conj...

Green tour incentive scheme boosted

28-10-2022

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The Government today announced enhancements to the Green Lifestyle Local Tour Incentive Scheme, which will take effect December 1, to provide more assistance to the tourism industry which has been affected by the COVID-19 pandemic.

Under the scheme, cash incentives are ...

FS tests positive for COVID-19

27-10-2022

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Financial Secretary Paul Chan has cancelled the remaining parts of his visit to Saudi Arabia since he tested positive for COVID-19 through a rapid antigen test (RAT), the Government said today.

Previously, Mr Chan had obtained negative results in his daily RATs.

The Financial Secretary's Offic...

Business tax bill to be gazetted

26-10-2022

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The Government today said that the Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Bill 2022 will be gazetted on October 28 and will be introduced into the Legislative Council (LegCo) on November 2.

The bill is to refine and strengthen Hong Kong's tax regime to better combat cro...

Money lender amendment passed

26-10-2022

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Secretary for Financial Services & the Treasury Christopher Hui welcomed the passage of the amendments to the Money Lenders Ordinance by the Legislative Council today.

According to the amended ordinance, which will take effect from December 30, the statutory interest rate cap for lending will be lowe...

Paul Chan visits Saudi Arabia

26-10-2022

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Financial Secretary Paul Chan continued his trip to the Middle East where he spoke at an investment forum in Riyadh, Saudi Arabia, and met local officials to discuss strengthening bilateral economic and trade co-operation.

While delivering his speech at the sixth Future Investment Initiative’s plenary ...

Sept exports value down 9.1%

25-10-2022

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The value of Hong Kong’s total goods exports decreased to $401.6 billion in September, down 9.1% compared with the same month last year, the Census & Statistics Department announced today.

The value of goods imports dropped 7.8% to $446.6 billion for the same period.

A trade deficit of $...

Govt monitoring stock market closely

25-10-2022

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

Chief Executive John Lee acknowledged that while volatility in Hong Kong’s stock market will be high, investors can rest assured that the Government has a strong response plan in place for different contingencies...

FS promotes HK in Bahrain

25-10-2022

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Financial Secretary Paul Chan promoted Hong Kong’s unique advantages to financial and business leaders in Bahrain as he continued his visit to the island country.

Mr Chan met Bahrain sovereign wealth fund Mumtalakat’s Chief Executive Officer Khalid Al Rumaihi to exchange views on global financial mar...

SZ, Hainan govt bonds to go on sale

24-10-2022

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The Hong Kong Special Administrative Region Government today welcomed the announcement by the People’s Government of Hainan Province and the Shenzhen Municipal People’s Government on issuing offshore renminbi local government bonds in Hong Kong.

This month on the Stock Exchange of Hong Kong, the...

Commerce, trade strategy highlighted

24-10-2022

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Secretary for Commerce & Economic Development Algernon Yau today briefed the Trade & Industry Advisory Board on initiatives related to commerce and trade in the 2022 Policy Address.

      

Mr Yau said the external economic environment in 2022 is still austere. ...

Paul Chan starts visit to Bahrain

24-10-2022

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Financial Secretary Paul Chan began his visit to Bahrain yesterday, meeting various financial officials there.

Mr Chan met Bahrain's Social Insurance Organization Chairman Mahmood Hashim Al Kooheji to exchange views on retirement protection and relevant government policies.

He then met Governor of ...

Exhibition subsidy scheme extended

24-10-2022

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The Government announced today that the Convention & Exhibition Industry Subsidy Scheme under the Anti-epidemic Fund will be further extended for six months to June 30, 2023.

It said it will also launch a new $1.4 billion three-year scheme on July 1 next year to subsidise recurrent exhibitions to be ...

Latest Business News

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FS visits Singapore  30-3-2023

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Financial Secretary Paul Chan began his visit to Singapore on March 29, attending a conference organised by the South Chi...


Kevin Yeung meets Dutch officials  29-3-2023

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Secretary for Culture, Sports & Tourism Kevin Yeung today started his visit to Amsterdam and The Hague in the Netherl...


Sun Dong to visit SZ, GD  29-3-2023

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Secretary for Innovation, Technology & Industry Prof Sun Dong will depart for a visit to Shenzhen and Guangzhou tomor...


Innotech advisers meet  28-3-2023

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The Committee on Innovation, Technology & Industry Development chaired by Secretary for Innovation, Technology & ...