Hong Kong Business News

香港商業資訊


News Article List

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 ...

FS opens InnoCarnival

22-10-2022

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Financial Secretary Paul Chan today officiated at the opening ceremony of InnoCarnival 2022, which will run until October 30.

Speaking at the ceremony, Mr Chan said innovation and technology (I&T) are key drivers that foster economic innovation, accelerate the speed of development and exp...

4.4% inflation in September

21-10-2022

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Overall consumer prices rose 4.4% in September year-on-year, larger than the 1.9% increase in August, the Census & Statistics Department announced today.

Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 1.8%, the same as that of August.

Comp...

FS to depart for Middle East visit

21-10-2022

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Financial Secretary Paul Chan will depart for a visit to Bahrain and Saudi Arabia tomorrow.

The visit seeks to strengthen the financial and commercial ties and co-operation between Hong Kong and the Middle East, and promote Hong Kong’s latest economic and financial developments to the Middle East marke...

Banned film reports unfounded: Govt

21-10-2022

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The Government has strongly refuted reports that it banned an outdoor screening of a film in Hong Kong, saying the claims are totally unfounded and far from the facts.

The statement was made in response to media enquiries on an overseas media report today that alleged the Government had banned the f...

HK welcomes Thai enterprises

21-10-2022

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Secretary for Financial Services & the Treasury Christopher Hui today acquainted finance executives and businesspeople in Thailand with the special opportunities offered by Hong Kong as he continued his visit to the country.

Speaking at the Executive Roundtable Luncheon: Transferring Wealth...

HK the best place for talent: CE

21-10-2022

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Chief Executive John Lee today said Hong Kong has the right ingredients and qualities to attract talent and enterprises to the city.

He made the remarks during a radio talk show this morning to highlight the measures to recruit talent as outlined in his 2022 Policy Address.

“We will be trying to ...

Local tour incentive scheme launched

20-10-2022

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The Government today announced the launch of a three-year Cultural & Heritage Sites Local Tour Incentive Scheme that enables eligible travel agents to receive cash incentives for promoting cultural and heritage-related tourism.

The scheme aims to incentivise the travel trade to develop more tourism p...

Treasury chief attends APEC meeting

20-10-2022

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Secretary for Financial Services & the Treasury Christopher Hui today attended the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting in Bangkok, Thailand. He joined various sessions to discuss major issues such as the global economic and financial outlook, sustainable finance and cross-bo...

Turning HK into a super hub

19-10-2022

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(To watch the 2022 Policy Address speech with sign language interpretation, click here.)

The Government is committed to enhancing Hong Kong’s position as an international hub for finance, trade, shipping, aviation and legal services. In his Policy Address, Chief Executive John Lee outlined his s...

New fund to attract overseas firms

19-10-2022

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

Chief Executive John Lee today said the Co-Investment Fund announced in the 2022 Policy Address can attract technology companies as well as those with strategic development value to set up operations in H...

Govt to attract more enterprises to HK

19-10-2022

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In an effort to attract more enterprises, investment and talent to Hong Kong, the Government will establish new institutional setups and implement an array of initiatives, Chief Executive John Lee said in his Policy Address today.

He noted that the Government will establish the Office for Attracting Stra...

I&T development blueprint set for HK

19-10-2022

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To chart Hong Kong in moving full steam towards its vision of an international innovation and technology (I&T) centre, the Government will promulgate the Hong Kong I&T Development Blueprint.

Chief Executive John Lee made the statement today while delivering his Policy Address and stressed that I&...

Christopher Hui to visit Bangkok

18-10-2022

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Secretary for Financial Services & the Treasury Christopher Hui will depart for Thailand tomorrow for the Asia-Pacific Economic Cooperation Finance Ministers’ Meeting (FMM) in Bangkok.

Mr Hui will participate in discussions at various FMM sessions on October 20 and hold bilateral meetings with...

Leverage HK's tech strengths

18-10-2022

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I believe everyone here agrees that Hong Kong is a place full of treasures and is one of the ideal places for business in the world. With the unique advantage of being backed by our motherland and closely connected with the world, Hong Kong served as the best springboard for enterprises to enter the Mainland m...

SFC non-executive director named

17-10-2022

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Financial Secretary Paul Chan has appointed Chew Fook-aun as Securities & Futures Commission (SFC) Non-Executive Director for two years from January 1, 2023.

The appointment was made under the authority delegated by the Chief Executive pursuant to the Securities & Futures Ordinance.

Mr Chan...

HK strives to attract investment

17-10-2022

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The theme of the Investment Promotion Week is "Hong Kong Success Story - Your Next Chapter". We are privileged to be joined by distinguished speakers together with thousands of you today and in other important sessions during the week. You will hear from over 120 distinguished speakers from various sector...

Investment promotion week set

14-10-2022

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Invest Hong Kong announced today that it will launch a series of themed seminars during its Investment Promotion Week, which will run in a hybrid format from October 17 to 21 at the Convention & Exhibition Centre and online.

As part of the official celebrations to mark the 25th anniversary of the est...

Fintech week details unveiled

13-10-2022

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Hong Kong FinTech Week 2022 will take place in person and virtually from October 31 to November 4 with the theme of "Pushing Boundaries, Reaping Benefits".

Secretary for Financial Services & the Treasury Christopher Hui said the Financial Services & the Treasury Bureau and Invest Hong Kong (...

Tech chief tours smart govt display

13-10-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Smart Government Pavilion at the International ICT Expo.

Prof Sun acknowledged the efforts of government departments in promoting smart government, and encouraged departments to foster closer collaboration with ind...

I&T fund chooses new partners

11-10-2022

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The Government today announced that the Innovation & Technology Venture Fund has added five venture capital funds as co-investment partners.

The Innovation & Technology Commission called for a new round of applications from venture capital funds to become co-investmen...

Payload specialist age limit flexible

8-10-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today said there may be some flexibility for the age limit in the country's recruitment of payload specialists in Hong Kong.

Speaking to the media after attending a radio programme, Prof Sun noted that ultimately, the age of recruited...

Kevin Yeung lauds actor Tony Leung

6-10-2022

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Secretary for Culture, Sports & Tourism Kevin Yeung today congratulated Hong Kong actor Tony Leung on claiming the Asian Filmmaker of the Year award at the 27th Busan International Film Festival.

The award is granted to Asian filmmakers who have made significant contributions to the advancement of th...

InnoCarnival to be staged

5-10-2022

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The Innovation & Technology Commission will hold InnoCarnival 2022 from October 22 to 30 at the Science Park to showcase exhibits of local innovation and technology (I&T) achievements, along with a series of webinars and online workshops.

Themed Innovation & Technology Empower our Drea...

Property sales down 7.7%

5-10-2022

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The Land Registry recorded 4,835 sale and purchase agreements for all building units received for registration in September, down 7.7% compared with August and 34.7% lower year-on-year.

The total consideration for such agreements fell 62% from August to $34.8 billion in September while a 48% year-on-year...

RMB stock trading backed

3-10-2022

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Secretary for Financial Services & the Treasury Christopher Hui today expressed his gratitude to various listed issuers in Hong Kong for their support to the proposal of setting up a renminbi (RMB) stock trading counter.

Mr Hui stated that further to the help rendered by the Legislative Council Panel...

Recruitment of payload specialists set

2-10-2022

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The Hong Kong Special Administrative Region Government has officially commenced the preliminary screening for payload specialists in the city and the recruitment period will be from October 6 to 27.

The country announced today the official launch of the recruitment of the fourth batch of astron...

Consumption voucher disbursed

1-10-2022

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The Government today gave out the second voucher under the 2022 (Phase II) Consumption Voucher Scheme to about 6.36 million eligible people.

They will successively receive SMS notifications or mobile app push notifications, the Government said.

The vouchers are disbursed via six stored value facili...

Aug retail sales dip 0.1%

30-9-2022

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The value of total retail sales in August, provisionally estimated at $28.6 billion, edged down by 0.1% 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 ...

Mortgage loans down 3.9%

30-9-2022

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Residential mortgage loans approved in August decreased 3.9% compared with July to $38.5 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions dropped 6.7% to $6.9 billion, while those financing secondary market transactions fell 11.1% to $19.3 billion.

...

$183b deficit recorded

30-9-2022

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The Government today announced that it recorded a $183 billion deficit for the first five months of the current financial year.

Expenditure for the period was $319.2 billion and revenue was $116.2 billion. The deficit was recorded after taking into account the proceeds of $20 billion received from the is...

Treasury chief lauds ADB support

29-9-2022

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Secretary for Financial Services & the Treasury Christopher Hui continued to attend the 55th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) in the Philippine capital of Manila.

At the governors' business session, Mr Hui noted that amid the global pandemic, the ADB had sw...

HK set for tax reform measures

28-9-2022

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The Government will publish an inland revenue order in the gazette on September 30 to enable Hong Kong to implement the Base Erosion & Profit Shifting package (BEPS) promulgated by the Organisation for Economic Co-operation & Development (OECD).

BEPS refers to tax avoidance strategies of multinat...

HK to embrace opportunities: FS

28-9-2022

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Speaking of Hong Kong's economy, to begin with, let's get a fair appraisal of the short-term condition. Over the past few years, Hong Kong has been fraught with tremendous challenges, and this year has been no different.

The global economy has deteriorated - and sharply. Pandemic-induced supply-chain dis...

Treasury chief attends ADB meeting

28-9-2022

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Secretary for Financial Services & the Treasury Christopher Hui attended the 55th Annual Meeting of the Asian Development Bank (ADB) Board of Governors in Manila today.

Mr Hui took part in the Constituency Meeting at the ADB annual session that discussed the bank's response to the chal...

HK is coming back: FS

27-9-2022

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The world has become considerably more challenging, more complicated, for most of us since I last spoke to you, in 2018. A pandemic on an unprecedented scale, soaring geopolitical tensions, rising inflation and interest rates affect us all.

     

Last week, the US Federal R...

Treasury chief continues Manila visit

27-9-2022

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Secretary for Financial Services & the Treasury Christopher Hui continued his visit to Manila, the Philippines today by meeting senior government officials there.

Mr Hui held separate meetings with the Governor of Bangko Sentral ng Pilipinas Felipe Medalla, the Philippines’ Undersecretary of Financ...

August exports value down 14.3%

26-9-2022

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The value of Hong Kong’s total goods exports decreased to $371.9 billion in August, down 14.3% compared with the same month last year, the Census & Statistics Department announced today.

The value of imports of goods dropped 16.3% to $385.1 billion for the same period.

A trade deficit of $13....

Christopher Hui meets ADB President

26-9-2022

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Secretary for Financial Services & the Treasury Christopher Hui today started his visit to Manila, the Philippines, where he met Asian Development Bank (ADB) President Masatsugu Asakawa.

During their meeting, Mr Hui told Mr Asakawa that amid the uncertainties faced by the global economy, ADB and its ...

Fintech subsidy invites applications

26-9-2022

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The Pilot Scheme on Training Subsidy for Fintech Practitioners was launched today, the Monetary Authority announced.

In the 2022-23 Budget, the Financial Secretary announced plans to implement the scheme this year. Practitioners who have attained fintech professional qualifications can receive reimbursem...

Christopher Hui to visit Manila

24-9-2022

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Secretary for Financial Services & the Treasury Christopher Hui will depart for Manila, the Philippines, on September 26 for the 55th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB).

On the meeting’s sidelines, Mr Hui will meet ADB President Masatsugu Asakawa, ADB senio...

Rugby Sevens strikes back: FS

23-9-2022

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As you could clearly see, this Financial Secretary knows a thing or two about beating the stock market gong. But I can tell you this is the first time I've banged it to close the day's trading while, at the same time, officially opening the first Hong Kong Rugby Sevens tournament in three and a half years.

...

Renminbi bond seminar held

23-9-2022

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The Financial Services & the Treasury Bureau and the Development & Reform Commission of Guangdong Province jointly organised a seminar today to examine expanding the offshore renminbi (RMB) bond market and leveraging bond financing to support the development of the Greater Bay Area.

The seminar, ...

1.9% inflation in August

22-9-2022

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Overall consumer prices rose 1.9% in August year-on-year, the same as that in July, the Census & Statistics Department announced today.

Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 1.8%, slightly less than July's 1.9%.

Compared with Augu...

HK comes 4th in finance hub ranking

22-9-2022

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Hong Kong ranked fourth out of 119 in the Global Financial Centres Index 32 Report published today by Z/Yen of the UK and the China Development Institute from Shenzhen.

Apart from its better overall rating of 725, Hong Kong jumped four places in the area of financial sector development com...

Govt monitors US rate hike risks

22-9-2022

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Financial Secretary Paul Chan said that while he believes the latest rate hike in US will not pose a risk to Hong Kong's financial system, the Government is monitoring the situation.

Mr Chan made the statement while speaking to the media after attending an event this morning.

“The US has increase...

Base rate raised to 3.5%

22-9-2022

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The Monetary Authority has increased the base rate to 3.5% with immediate effect.

The increase followed the 75-basis point upward shift in the target range for the US federal funds rate on September 21.

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

Joseph Chan meets fintech sector

19-9-2022

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Under Secretary for Financial Services & the Treasury Joseph Chan hosted two meetings with security token offering (STO) industry representatives to foster the sector’s development.

The two meetings were co-hosted with officials from the Securities & Futures Commission and Invest Hong Kong on S...

Composite interest rate rises

19-9-2022

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The composite interest rate rose to 0.75% at the end of August from July’s 0.58%, the Monetary Authority announced today.

It said the rise reflected increases in the weighted funding cost for deposits and interbank funds during the month.

The composite interest rate is a measure of the average co...

Tapping trade potential in Cambodia

18-9-2022

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Secretary for Commerce & Economic Development Algernon Yau today met the Cambodian business sector to promote Hong Kong’s economic opportunities.

Speaking to over 400 participants at a luncheon in Phnom Penh to celebrate the 25th anniversary of the Hong Kong Special Administrative Region’s establ...

Algernon Yau attends ASEAN forum

17-9-2022

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Secretary for Commerce & Economic Development Algernon Yau today attended the sixth Association of Southeast Asian Nations (ASEAN) Economic Ministers - Hong Kong, China Consultation in Siem Reap, Cambodia.

Mr Yau and Minister of Commerce of Cambodia Pan Sorasak co-chaired the consultation to discuss ...

Govt rental concessions extended

16-9-2022

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As COVID-19 continues to affect economic activities, the Government today announced that it will further extend the rental or fee concessions applicable to government properties and short-term tenancies and waivers to ease the operating pressure of businesses.

Since April 1, 2020, the Government has gran...

Algernon Yau to visit Cambodia

14-9-2022

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Secretary for Commerce & Economic Development Algernon Yau will depart Hong Kong tomorrow for Cambodia to attend an Association of Southeast Asian Nations (ASEAN) Economic Ministers meeting scheduled for September 17.

At the Sixth ASEAN Economic Ministers - Hong Kong, China Consultation meeting, Mr Y...

HK on the right track for I&T

13-9-2022

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Before stepping into the future, we have to understand where we stand now. We all know the importance of innovation and technology, I&T in short, to our economy, as a strong impetus for growth. It diversifies our economy, and creates quality jobs for our people. And we are determined to build Hong Kong int...

HK ranked freest economy again

8-9-2022

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The Government today welcomed the Fraser Institute's ranking of Hong Kong as the world's freest economy, saying the decision affirms the city's commitment to maintaining an efficient, free, open and fair business environment.

Hong Kong has held the top rank since the inception of the Fraser Institute's r...

HK, SZ play dual engine role

8-9-2022

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Recently, the Government of the Hong Kong Special Administrative Region and the Qianhai Authority of Shenzhen jointly promulgated the “18 measures for Supporting the Linked Development of Shenzhen & Hong Kong Venture Capital Investments in Qianhai”. These measures demonstrate the determination of the t...

Police enhance I&T collaboration

6-9-2022

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Police and the Hong Kong Science & Technology Parks Corporation (HKSTP) today signed a memorandum of understanding (MoU) to drive digital policing and nurture innovation and technology (I&T) talent.

The force and the HKSTP will collaborate on the application of innovative solutions over the next ...

Belt-Road joint conference held

5-9-2022

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The fifth Joint Conference on Advancing Hong Kong's Full Participation in & Contribution to the Belt & Road Initiative was held via video-conferencing today.

The meeting discussed the strategies and future work priorities of the new-term Hong Kong Special Administrative Region Government in takin...

Govt thanks nation for its support

2-9-2022

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The Hong Kong Special Administrative Region Government today expressed its sincere gratitude for the nation's support for further expanding mutual access between the financial markets of the Mainland and Hong Kong.

China Securities Regulatory Commission Vice Chairman Fang Xinghai stated that the commissi...

Aid for venture capital in Qianhai

2-9-2022

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Hong Kong and Shenzhen today jointly promulgated 18 measures to support the linked development of Shenzhen and Hong Kong venture capital in Qianhai.

The Financial Services & the Treasury Bureau announced these measures together with the Authority of Qianhai Shenzhen-Hong Kong Modern Servi...

Property sales up 4.8%

2-9-2022

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The Land Registry recorded 5,238 sale and purchase agreements for all building units received for registration in August, up 4.8% in July but 33.5% lower year-on-year.

      

The total consideration for such agreements rose 118.4% from July to $91.6 billion in Aug...

AI conference held

1-9-2022

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The Innovation & Technology Commission today held the World Artificial Intelligence Conference (WAIC) 2022 - Hong Kong Branch where participants discussed artificial intelligence (AI) and smart city development.

The event, carrying the themes Intelligent Connectivity and Infinite Multiverse, took pla...

July retail sales up 4.1%

31-8-2022

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The value of total retail sales in July, provisionally estimated at $28.3 billion, increased 4.1% compared with the same month in 2021, the Census & Statistics Department announced today.

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

$134.4b deficit recorded

31-8-2022

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The Government today announced that it recorded a $134.4 billion deficit for the first four months of the current financial year.

Expenditure for the period was $250.7 billion and revenue was $96.3 billion. The deficit was recorded after taking into account the proceeds of $20 billion received from the i...

Mortgage loans down 22.1%

31-8-2022

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Residential mortgage loans approved in July decreased 22.1% compared with June to $40.1 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions rose 3.3% to $7.4 billion, while those financing secondary market transactions dropped 30.3% to $21.7 billion.

<...

Session on President's speech held

31-8-2022

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The Culture, Sports & Tourism Bureau today held a session to highlight the speech of President Xi Jinping where Secretary for Culture, Sports & Tourism Kevin Yeung attended as the major speaker.

Mr Yeung studied in depth with directorate staff the important speech delivered by President Xi at the...

HK strives to support investors: SJ

31-8-2022

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With the gradual easing of global challenges from the pandemic, now is the time to explore new opportunities and deepen co-operation through the Belt & Road Initiative (BRI), which is the largest platform for international co-operation.

From 2013 to 2021, the annual trade volume between China and cou...

Govt releases green bond report

31-8-2022

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The Government today released the Green Bond Report 2022, which sets out the allocation of the proceeds raised from green bond issuances, including that of the inaugural retail green bond issued this year, and the expected environmental benefits of the projects financed.

Financial Secretary Paul Chan not...

Belt & Road Summit opens

31-8-2022

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The seventh Belt & Road Summit opened today with over 6,000 senior government officials and business leaders from more than 80 countries and regions taking part in it.

The participants discussed business and collaboration opportunities associated with the Belt & Road Initiative.

Vice Premie...

HK the pivotal gateway for all: CE

31-8-2022

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Just as President Xi Jinping said on July 1 when gracing the Hong Kong Special Administrative Region’s 25th anniversary, Hong Kong’s close connection with the world and strong support from the motherland are its distinctive advantages, and the central government fully supports Hong Kong in carrying out mor...

HK’s future promising: FS

31-8-2022

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This year is a milestone for Hong Kong, marking the 25th anniversary of our return to the motherland. In his important speech on July 1 when gracing the Hong Kong Special Administrative Region's 25th anniversary, President Xi Jinping stressed that the "one country, two systems" principle must be adhered to in ...

New travel industry rules begin Sept 1

31-8-2022

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The Travel Industry Authority will take over licensing and regulatory functions of the travel industry starting tomorrow, the Culture Sports & Tourism Bureau announced today.

It explained that the new regulatory regime of the travel industry will be implemented in full on September 1 and the authorit...

Water sports centre tender cancelled

30-8-2022

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The Culture, Sports & Tourism Bureau today announced that the tender for the development of a water sports complex at the rehabilitated Shek O Quarry Site has been cancelled.

The tenders received did not meet the requirements stipulated by the Government, the bureau explained.

On July 30 last y...

Algernon Yau mourns Kenneth Fang

30-8-2022

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Secretary for Commerce & Economic Development Algernon Yau today expressed deep sorrow over the passing of Kenneth Fang and extended his deepest condolences to Mr Fang’s family.

     

Mr Yau said Mr Fang was a distinguished and well-respected industrialist who made si...

CE meets China Dev Bank President

29-8-2022

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Chief Executive John Lee today met President of the China Development Bank (CDB) Ouyang Weimin to exchange views on the global macro environment and Hong Kong's macro-economic situation.

      

Welcoming Mr Ouyang and CDB representatives to Hong Kong, Mr Lee expre...

Singaporean Deputy PM meets CE

29-8-2022

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Chief Executive John Lee today met the visiting Singaporean Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. He hoped that Hong Kong and Singapore will continue multi-faceted co-operation to strengthen their very close ties.

Welcoming Mr Heng's visit to Hong Kong agai...

Sun Dong tests preliminarily positive

29-8-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong tested preliminarily positive for COVID-19, the Innovation, Technology & Industry Bureau announced today.

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

Prof Sun, who has no recent ...

Sun Dong visits smart city expo

26-8-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong visited the Smart City Roving Exhibition launched by the Office of the Government Chief Information Officer (OGCIO) today.

Prof Sun said the Government will organise roving exhibitions quarterly in the coming year to enable citizens to exp...

2 officials test positive for virus

26-8-2022

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Deputy Chief Secretary Cheuk Wing-hing tested positive for COVID-19 through a rapid antigen test, Secretary for Commerce & Economic Development Algernon Yau also tested preliminarily positive for the coronavirus today.

Both of them are undergoing isolation in accordance with the guidelines of the Cen...

RTHK advisory chief reappointed

26-8-2022

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The Government announced today that the Chief Executive has reappointed Lam Tai-fai as Chairman of the Radio Television Hong Kong (RTHK) Board of Advisors and appointed Stanley Choi, Hsu Hoi-shan and Hendrick Sin as new members.

Nine serving members of the Board of Advisors were also reappointed.<...

July exports value down 8.9%

25-8-2022

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The value of Hong Kong's total goods exports decreased to $379.6 billion in July, down 8.9% compared with the same month last year, the Census & Statistics Department announced today.

The value of imports of goods dropped 9.9% to $407.2 billion for the same period.

A trade deficit of $27.6 bill...

Tech park meeting held

25-8-2022

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The Joint Task Force on the Development of the Hong Kong-Shenzhen Innovation & Technology Park in the Loop held its ninth meeting today.

The meeting was co-chaired via video conferencing by Secretary for Innovation, Technology & Industry Prof Sun Dong and Standing Committee Member of the CPC Shen...

Transport chief visits tech institute

24-8-2022

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Secretary for Transport & Logistics Lam Sai-hung visited the Applied Science & Technology Research Institute (ASTRI) at the Science Park today to learn about the latest progress of road testing of the Cellular Vehicle-to-Everything (C-V2X) technology in Hong Kong.

Mr Lam was first briefed by ASTR...

Postage fees to be adjusted

24-8-2022

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Hongkong Post announced today that it will adjust its principal postage rates from September 26.

The postage increase for about 80% of local mail will be within $0.30 and local letters weighing 30 grams or less will rise from $2 to $2.20.

For air mail, the cost to mail letters of 20g or less to the...

HK sees 1.8% inflation in July

22-8-2022

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Overall consumer prices rose 1.9% in July year-on-year, larger than the 1.8% increase in June, the Census & Statistics Department announced today.

Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was also 1.9%, slightly larger than June's 1.8%.

...

Sun Dong recaps President’s speech

22-8-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong spoke today at a session on the Spirit of the President's Important Speech held by the Innovation, Technology & Industry Bureau at the Central Government Offices.

President Xi Jinping delivered an important speech at the meeting celebr...

Govt cautious about hotel quarantine

20-8-2022

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Secretary for Commerce & Economic Development Algernon Yau today said the Government will carefully observe the implementation of the new quarantine arrangement before considering further changes.

From August 12, the hotel quarantine period for people arriving in Hong Kong from Taiwan or oversea...

One-stop R&D website launched

18-8-2022

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The Innovation & Technology Commission today launched the Innovation Hub@HK website, showcasing the research and development (R&D) outcomes of Hong Kong’s universities and research institutes.

The website provides a one-stop platform to connect universities, research institutes and ...

Testing compliance check finished

17-8-2022

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The Government today completed a joint enforcement operation on a compulsory testing notice that was issued earlier for Block 8 of East Point City in Tseung Kwan O.

The enforcement action was conducted from around 7am to 10am by the Commerce & Economic Development Bureau together with Police, the Int...

CE’s pledge on connectivity

17-8-2022

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It is a great pleasure to welcome you all, in person as well as online, to this Hong Kong Summit 2022.

This summit was last held in 2017, when it helped mark the 20th anniversary of the Hong Kong Special Administrative Region. It's fitting, then, that today's summit is among the major events celebrating ...

29k get consumption voucher

16-8-2022

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Around 29,000 people whose cases have been successfully reviewed will receive their first consumption voucher today, the Government said.

They will get an SMS or a mobile app push notification. They may also call 18 5000 to check the review result.

As of last Saturday, the Consumption Voucher Schem...

Economy shrinks 1.3% in Q2

12-8-2022

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

Hong Kong's economy improved in overall terms in the second quarter with real gross domestic product (GDP) decreasing at a moderated pace of 1.3% from a year earlier, but the extent of improvement was weaker than e...

HK reports 4.2k COVID-19 cases

12-8-2022

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

The Centre for Health Protection today said it is looking into 4,222 additional locally acquired COVID-19 cases, of which 1,263 were directly identified through nucleic acid tests and 2,959 via verified rapid antigen...

Fintech, training subsidy schemes set

10-8-2022

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Secretary for Financial Services & the Treasury Christopher Hui today toured Cyberport to keep abreast of the latest fintech developments and announced the launch of a new round of the Fintech Proof-of-Concept Subsidy Scheme and the Pilot Scheme on Training Subsidy for Fintech Practitioners.

Mr Hui v...

Startup festival opens Sep 5

9-8-2022

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The StartmeupHK Festival 2022 will be held from September 5 to 10 to explore the latest topics from the metaverse and NFTs (non-fungible tokens) to sustainability and the Greater Bay Area, Invest Hong Kong announced today.

With the theme "A Future Unlimited", the weeklong festival will comprise keyn...

7th batch of Silver Bond announced

9-8-2022

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The Government today announced the launch of the seventh batch of Silver Bond for subscription by eligible citizens and pointed out that bond holders will be paid a minimum interest of 4% once every six months.

Outlining the subscription details at a press conference this afternoon, Monetary Autho...

Sun Dong visits Science Park

9-8-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Science Park to keep abreast of the Hong Kong Science & Technology Parks Corporation's latest developments.

Prof Sun's first stop was the co-working lab and spaces provided to innovation and technology (I&T) compa...

Property stamp duties unchanged

9-8-2022

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Regarding reports that the Government is considering the relaxation of stamp duties for property, the Government clarified today that there has not been any discussion on the matter.

It also pointed out clearly that there are no relevant plans concerning the relaxation of stamp duties for property.

Comics - a world of fantasy

5-8-2022

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Hong Kong comic books usually depict martial arts scenes or iconic characters, but thanks to the Government, as the lead sponsor of the HK Comics Support Programme, local comic book artist Linus Liu was given the tools to create a special graphic novel where he weaves a story about his childhood memories that ...

RMB sovereign bonds to be issued

4-8-2022

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The Ministry of Finance today announced it will issue 10-year renminbi sovereign bonds totalling RMB1 billion and additional RMB sovereign bonds due 2024 totalling RMB4 billion in Hong Kong.

Responding to the move, the Hong Kong Special Administrative Region Government welcomed the ministry's continuing ...

FS's session on President's speech

3-8-2022

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Financial Secretary Paul Chan today hosted a session on the speech of President Xi Jinping with more than 100 senior personnel and representatives of financial regulators and Financial Secretary's Office colleagues in attendance.

Mr Chan shared the core message of President Xi’s speech delivered at the...

Retail figures for June drop 1.2%

2-8-2022

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The value of total retail sales in June, provisionally estimated at $27.7 billion, decreased 1.2% 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 of tot...

Plan against utilities overcharging set

2-8-2022

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The Government said today that it will step up actions to stop landlords of subdivided units (SDUs) from overcharging their tenants for water and electricity.

A joint operation plan is being formulated by the Housing Bureau, the Development Bureau, the Rating & Valuation Department (RVD) and the Wate...

Property sales down 20.6%

2-8-2022

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The Land Registry recorded 4,997 sale and purchase agreements for all building units received for registration in July, down 20.6% from June and 49.8% lower year-on-year.

The total consideration for such agreements dropped 21.1% from June to $41.9 billion in July, and a 55.4% year-on-year decrease was re...

Economy contracts 1.4% in Q2

1-8-2022

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Hong Kong’s economy in the second quarter contracted 1.4% from a year earlier, the Census & Statistics Department announced today.

According to the advance estimates on gross domestic product (GDP) for the second quarter, on a seasonally adjusted quarter-to-quarter comparison, GDP rose 0.9% in real...

$109.3b deficit recorded

29-7-2022

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The Government today announced that it recorded a $109.3 billion deficit for the first three months of the current financial year.

Expenditure for the period was $196.5 billion and revenue was $67.2 billion. The deficit was recorded after taking into account the proceeds of $20 billion received from the ...

Mortgage loans down 5.9%

29-7-2022

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Residential mortgage loans approved in June decreased 5.9% compared with May to $51.4 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions rose 4.7% to $7.1 billion, while those financing secondary market transactions dropped 17.1% to $31.1 billion.

...

Mobile app security sceptics refuted

28-7-2022

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The Office of the Government Chief Information Officer today said the LeaveHomeSafe mobile app strictly follows the Government’s policies, requirements and standards on information security and privacy protection.

This statement was made in response to a report presented by an overseas cyber security c...

Growth forecast cut unavoidable: FS

28-7-2022

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Financial Secretary Paul Chan today said Hong Kong’s economic growth forecast for this year will likely be adjusted downwards, citing the worsening external economic situation arising from the recent interest rate rise.

The US Federal Reserve raised the interest rate by 75 basis points. In Hong Kong, f...

June exports value down 6.4%

25-7-2022

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The value of Hong Kong's total goods exports decreased to $380.7 billion in June, down 6.4% compared with the same month last year, the Census & Statistics Department announced today.

The value of imports of goods rose 0.5% to $449.2 billion for the same period.

A trade deficit of $68.5 billion...

Next Digital inspector's term extended

22-7-2022

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The Financial Secretary has further extended the appointment of Clement Chan as the inspector to investigate the affairs of Next Digital (NDL) to October 27, the Government announced today.

Pursuant to the power conferred on him by the Companies Ordinance, the Financial Secretary named Mr Chan as the ins...

Seminar on President's speech held

22-7-2022

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The Financial Services & the Treasury Bureau today held a Spirit of the President's Important Speech session with Secretary for Financial Services & the Treasury Christopher Hui as the keynote speaker.

Some 1,000 colleagues at middle and senior levels of policy branches and departments under the ...

1.8% inflation in June

21-7-2022

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Overall consumer prices rose 1.8% in June year-on-year, larger 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, the underlying inflation rate was also 1.8%, slightly larger than May's 1.7%.

Co...

Financial review report welcomed

20-7-2022

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Financial Secretary Paul Chan today welcomed the publication of the 13th annual report of the Process Review Panel for the Financial Reporting Council.

Mr Chan said process review is an important institutional function designed to help enhance the council's transparency and accountability in performing i...

Sun Dong tours research hubs

19-7-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Applied Science & Technology Research Institute (ASTRI) and the Logistics & Supply Chain MultiTech R&D Centre (LSCM) to learn about their work.

Prof Sun first called on ASTRI to get a briefing on its research ...

Country supports HK's I&T future

16-7-2022

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Over the years, Polytechnic University (PolyU) has been playing a long supporting and pioneering role in driving the innovation and technology (I&T) development in Hong Kong. I am particularly pleased to see that PolyU is furthering its journey to help shine Hong Kong as a leading I&T hub by leveraging...

50k companies newly registered

15-7-2022

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The Companies Registry today announced that 50,087 local companies were newly registered during the first half of 2022, bringing the total number of registered local companies to 1,386,592.

Meanwhile, 415 non-Hong Kong companies have newly established a place of business in the city and were registe...

PCR test results crucial to app

14-7-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today said the Government is working in the direction of using the LeaveHomeSafe app to show the polymerase chain reaction (PCR) test result for identifying COVID-19 cases.

In addition to telling reporters that the app currently has no ind...

Sun Dong briefed on I&T progress

14-7-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong visited the Innovation & Technology Commission and met the management of the Hong Kong Internet Registration Corporation (HKIRC) today.

Prof Sun inspected the commission to learn more about its work to support the development of H...

Exchange Fund foreign assets drop

14-7-2022

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The Exchange Fund’s foreign assets decreased $143 billion to $3.6933 trillion in June, the Monetary Authority announced today.

The monetary base amounted to $2.0482 trillion, while claims on the private sector in Hong Kong amounted to $264.4 billion, it said.

...

Amended accountant law welcomed

13-7-2022

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Secretary for Financial Services & the Treasury Christopher Hui welcomed the passage of the Professional Accountants (Amendment) Bill 2022 by the Legislative Council today.

The amended Professional Accountants Ordinance raises the nomination requirements for election to the Hong Kong Institute of Cer...

Sun Dong visits research centres

13-7-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Hong Kong Research Institute of Textiles & Apparel (HKRITA) and the Nano & Advanced Materials Institute (NAMI) to gain a better understanding of their latest developments.

At HKRITA, Prof Sun received an update on...

Govt makes voucher scheme appeal

12-7-2022

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The Consumption Voucher Scheme Secretariat has recently started to issue SMS through the specified number (+852 6059 1120) to notify applicants who do not meet the eligibility criteria for the 2022 (Phase II) scheme.

These registrants may submit a representation in writi...

Sun Dong visits 1823 Centre

12-7-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the 1823 Centre to learn more about its daily operations and that of the Efficiency Office.

The visit started with an introduction on the Efficiency Office’s operation, including the co-ordination of the Government’s work...

Housing supply meeting held

12-7-2022

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The Steering Committee on Land & Housing Supply chaired by Financial Secretary Paul Chan held its first meeting today to discuss its work plans for the future.

Mr Chan said at the meeting that the timely supply of land as well as public and private housing, together with adequate and effective provis...

Deputy FS chairs task force meeting

12-7-2022

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Deputy Financial Secretary Michael Wong today chaired the first meeting of the Task Force on Public Housing Projects, during which members discussed the overall direction for its work and issues to be considered.

Mr Wong said representatives from relevant bureaus and departments reviewed the overall...

1st meeting on digital economy held

11-7-2022

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The Digital Economy Development Committee chaired by Financial Secretary Paul Chan held its first meeting today to discuss the strategy of promoting digital economy development in Hong Kong.

During the meeting, members exchanged opinions on issues such as enabling more effective development and adoption ...

Algernon Yau inspects departments

8-7-2022

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Secretary for Commerce & Economic Development Algernon Yau today visited the Trade & Industry Department (TID) and Invest Hong Kong (InvestHK) to get updates on their work.

Mr Yau paid a call on the TID’s Integrated Customer Service Centre which commenced operation in May, and the Support &...

Money laundering report published

8-7-2022

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The latest issue of Hong Kong’s Money Laundering & Terrorist Financing Risk Assessment Report was published today.

It examines the money laundering and terrorist financing threats and vulnerabilities facing various sectors in Hong Kong and the city as a whole according to the requiremen...

Sun Dong visits Productivity Council

8-7-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Hong Kong Productivity Council (HKPC) to keep abreast of its latest work.

      

Prof Sun met the management team of the HKPC, then visited the "Made in HK" Theme Hall to ascertain the ...

FS oversees land, housing

6-7-2022

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Financial Secretary Paul Chan said he is leading a new working group overseeing both land and housing supply, noting that a 10-year land supply forecast will be published.

Mr Chan told the media after attending a question-and-answer session in the Legislative Council this morning that the new workin...

Sun Dong visits Cyberport

5-7-2022

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Secretary for Innovation, Technology & Industry Prof Sun Dong visited Cyberport today to keep abreast of its latest developments and future direction.

Prof Sun toured the Smart Living Concept Store there and met entrepreneurs of smart living product startups to gain a better understanding of the chal...

Town planning expo to open

5-7-2022

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An exhibition to enhance the public understanding of future planning and infrastructure development in Hong Kong is scheduled to open tomorrow at City Gallery and the adjoining Edinburgh Place in Central.

Jointly presented by the Development Bureau and the Planning Department, the goal of the e...

Swap Connect to launch in 6 months

4-7-2022

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The Hong Kong Special Administrative Region Government today welcomed the introduction of Swap Connect, which enables mutual access arrangements between the interest rate swap markets of the Mainland and Hong Kong.

According to a joint announcement by the People’s Bank of China, the Securities &...

Innotech project aid scheme opens

4-7-2022

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The Innovation & Technology Commission is inviting applications for the 2022 Innovation & Technology Support Programme (Platform & Seed) until September 30.

The programme provides funding support for platform and seed research and development (R&D) projects undertaken by designated local ...

New govt strives for stability

3-7-2022

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Deputy Financial Secretary Michael Wong today quoted the “four proposals” put forward by President Xi Jinping and said he hoped the officials of the new-term Government and citizens will jointly maintain harmony and stability.

Mr Wong made the remarks as he officiated at the ceremony marking Sham Shu...

May retail sales down 1.7%

30-6-2022

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The value of total retail sales in May, provisionally estimated at $29.1 billion, decreased 1.7% compared with the same month in 2021, the Census & Statistics Department announced today.

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

Mortgage loans up 43.2%

30-6-2022

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Residential mortgage loans approved in May increased 43.2% compared with April to $54.6 billion, the Monetary Authority announced today.

Mortgage loans financing primary market transactions rose 19.1% to $6.8 billion, while those financing secondary market transactions increased 59.9% to $37.5 billion.

$65.2b deficit recorded

30-6-2022

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The Government today announced that it recorded a $65.2 billion deficit for the first two months of the current financial year.

Expenditure for the period was $134.7 billion and revenue was $49.5 billion. The deficit was recorded after taking into account the proceeds of $20 billion received from the iss...

Christopher Hui reviews progress

29-6-2022

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With the 25th anniversary of Hong Kong’s return to the motherland just around the corner, I am eagerly looking forward to celebrating the big day with members of the public. Looking back, it has been more than two years (about 800 days) since I first came to the Central Government Offices to take office. Bac...

Latest Business News

最新商業資訊


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...


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, th...


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 c...


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 n...