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Proper use of AI necessary: Govt28-10-2024The Government today issued a policy statement on the responsible application of artificial intelligence (AI) in the financial market, in which security-related issues will be duly considered in the adoption of AI in the financial services industry. Noting that the application of AI in the financi... |
FS bound for Saudi Arabia27-10-2024Financial Secretary Paul Chan will lead a 110-strong delegation to Riyadh, Saudi Arabia, tomorrow to strengthen Hong Kong-Middle East connections in areas such as trade, finance, and innovation and technology (I&T). The delegation will aim to promote Hong Kong on multiple fronts, tell good stories ab... |
Sports chief to visit Portugal27-10-2024Secretary for Culture, Sports & Tourism Kevin Yeung will depart for Portugal tomorrow, along with a delegation from the Sports Federation & Olympic Committee of Hong Kong, China, to attend the 2024 General Assembly of the Association of the National Olympic Committees (ANOC). Mr Yeung will take t... |
HK a dynamic fintech hub25-10-2024The Government is committed to promoting fintech development in Hong Kong, to enhance the competitiveness of its financial services industry and accelerate digitalisation. To support the Governmentâs strategy, Invest Hong Kong actively assists enterprises in the sector in setting up or expanding th... |
InnoCarnival 2024 opens26-10-2024Financial Secretary Paul Chan today officiated at the opening ceremony of the InnoCarnival 2024, which is being held from now until November 3 at the Hong Kong Science Park. Organised by the Innovation & Technology Commission (ITC), the event features exhibits showcasing local innovation and t... |
Asset management task force set up25-10-2024The Task Force on Promoting the Development of Asset & Wealth Management, chaired by Secretary for Financial Services & the Treasury Christopher Hui, was established and convened its first meeting today. The 2024 Policy Address has set out the need to further enhance Hong Kong's status as an inte... |
FS concludes US visit25-10-2024Financial Secretary Paul Chan wrapped up his visit in New York yesterday by meeting representatives from several family offices and touring a technology accelerator and venture capital platform. In the morning, Mr Chan held a breakfast meeting with representatives from several family offices, introducing... |
Updated IT rules explained23-10-2024The latest version of the Governmentâs IT Security Guidelines aims to strengthen the security barrier of its internal information network system and does not involve a âblanket banâ on the use of relevant communication tools, the Digital Policy Office has said. The office made a statement ... |
FS promotes HK's advantages in US24-10-2024Financial Secretary Paul Chan delivered a speech and held discussions with President of the National Committee on United States-China Relations Steve Orlins as he continued a visit to New York, the US. Mr Chan gave his speech at a lunch co-hosted by the Hong Kong Economic & Trade Office in New York a... |
Passage of rating bill welcomed23-10-2024The Government welcomed the passage of the Rating (Amendment) Bill 2024 by the Legislative Council today, which gives effect to the progressive rating system for domestic tenements. The bill will take effect from the fourth quarter of this financial year, ie January to March 2025, to uphold the âaff... |
FS begins New York visit23-10-2024Financial Secretary Paul Chan has begun a visit to New York by delivering a keynote speech at the Bloomberg Global Regulatory Forum on the theme of how to build a future-proof financial system. Mr Chan outlined that despite facing various challenges in recent years, Hong Kongâs economic and financia... |
FS speaks at APEC meeting22-10-2024Financial Secretary Paul Chan spoke on various topics while attending day two of the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting (FMM) and related activities in Peru yesterday. The topics included global and regional economic and financial outlooks, sustainable finance, sustainabl... |
September sees 2.2% inflation22-10-2024Overall consumer prices rose 2.2% year-on-year in September, a smaller rate of increase than the 2.5% seen in August, the Census & Statistics Department announced today. Netting out the effects of the Governmentâs one-off relief measures, underlying inflation was 0.9%, also smaller than that rec... |
SFC report welcomed22-10-2024The Government today welcomed the publication of the annual report by the Process Review Panel for the Securities & Futures Commission (SFC), covering the panelâs work in 2023-24. The Financial Services & the Treasury Bureau said the panel had conducted a thorough review of the SFCâ... |
Silver Bond allocations announced21-10-2024The subscription and allocation results for the latest batch of Silver Bonds were released today. A total of 300,413 valid applications, seeking a total of $69.9 billion in bond principals, were received. More than half of the applications, 166,177, were for 23 units or fewer. These applicants will... |
FS attends APEC meeting in Peru21-10-2024Financial Secretary Paul Chan began his visit in Lima, Peru, to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting and related activities. Yesterday morning, he attended the Finance Ministers' Retreat, a meeting focused on discussing the fiscal policies of economies and severa... |
FS to visit Peru and the US18-10-2024Financial Secretary Paul Chan will depart for Peru this evening to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministersâ Meeting and other related events in the country's capital Lima, before heading to New York City in the US. Under the banner âSustainable + Digital + Resilien... |
More measures to support SMEs18-10-2024The Monetary Authority (HKMA), together with the banking sector, introduced multiple measures today to further support, through financing as well as banking products and services, the continuous development of small and medium-sized enterprises (SMEs). The HKMA said around 20,000 SMEs have benefitted fro... |
Christopher Hui to visit Beijing18-10-2024Secretary for Financial Services & the Treasury Christopher Hui will depart for Beijing tomorrow to attend the Annual Conference of the Financial Street Forum 2024, before returning to Hong Kong the following day. More than 500 guests from over 30 countries and regions worldwide will take part in the... |
Mortgage loan measure explained17-10-2024Financial Secretary Paul Chan today said he is confident that the Governmentâs adjustment of the maximum loan-to-value ratio for all properties to 70% will be conducive to the healthy and stable development of the Hong Kong property market. Elaborating on the measure, announced in yesterdayâs P... |
HK hones its financial edge16-10-2024Chief Executive John Lee unveiled bold plans in his 2024 Policy Address for consolidating and enhancing Hong Kongâs status as an international financial centre. Upon highlighting the fact that Hong Kong is an international financial centre, ranking third globally and first in investment environment,... |
I&T will drive cityâs development: CE16-10-2024Delivering his 2024 Policy Address, Chief Executive John Lee said today that Hong Kong must harness new quality productive forces and technological innovation as it seeks to achieve high-quality economic development. Mr Lee outlined that in its efforts to become an international centre for innovation and... |
Govt to launch committee for talent16-10-2024Chief Executive John Lee today revealed that the Government will set up a Committee on Education, Technology & Talents to promote Hong Kong as an international hub for high-calibre talent. Unveiling a raft of measures aimed at building the cityâs capacity in terms of knowledge, talent and opport... |
Metropolis project to be expedited16-10-2024Chief Executive John Lee says the Government will expedite the implementation of economic and housing-related projects in the Northern Metropolis while maintaining a prudent fiscal position, highlighting that some 60,000 housing units will be completed in the next five years. Unveiling his third Pol... |
HK ranked world's freest economy16-10-2024The Fraser Institute's Economic Freedom of the World 2024 Annual Report published today has ranked Hong Kong as the world's freest economy among 165 economies, up by one place from 2023. Among the five areas of assessment in the report, the city ranked top in "Freedom to trade internationally" and "Regul... |
New SFC chairman appointed14-10-2024The Chief Executive has, pursuant to the Securities & Futures Ordinance, appointed Kelvin Wong as Chairman of the Securities & Futures Commission (SFC) for a term of three years from October 20, 2024, to October 19, 2027, the Government today announced. Mr Wong was a non-executive director of the... |
New trade in services pact signed9-10-2024The Hong Kong Special Administrative Region Government and the Ministry of Commerce today signed the Second Agreement Concerning Amendment to the Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services (Amendment Agreement II). Chief Executive Jo... |
Family office collaboration unveiled9-10-2024The Financial Services & the Treasury Bureau today announced the establishment of the Hong Kong Family Office Nexus, a strategic collaboration between the bureau and Bloomberg L.P. The partnership is aimed at attracting family offices from around the world to establish or expand their presence in Hon... |
FinTech Week to kick off on Oct 288-10-2024The ninth edition of Hong Kong FinTech Week (HKFW), themed âIlluminating New Pathways in Fintechâ will take place from October 28 to November 1, Invest Hong Kong (InvestHK) announced today. HKFW 2024 will place a significant emphasis on cutting-edge technologies such as artificial... |
AI subsidy scheme opens7-10-2024The Government launched the Artificial Intelligence Subsidy Scheme and began accepting applications today. Eligible organisations are welcome to submit applications to Cyberport. A hybrid information session will be held on October 10. To promote the development of an artificial intelligence... |
3 pre-sale consents issued in Q37-10-2024The Lands Department announced today that it issued three pre-sale consents for residential developments involving 213 units in the third quarter of this year. Such pre-sale consents were issued for three residential developments. Two of the developments are expected to be completed this year. One ... |
Telling good stories through stamps4-10-2024A rich treasure trove of postal artefacts can be found on the first floor of the Hongkong Post Building in Kowloon Bay. The new Postal Gallery spans approximately 200 sq m, a quarter larger than the previous 160 sq m gallery at the General Post Office in Central. âUnlike the open display of t... |
InnoCarnival showcase set4-10-2024The Innovation & Technology Commission will hold InnoCarnival 2024 from October 26 to November 3 to showcase local innovation and technology (I&T) achievements. A diverse line-up of about 150 workshops and webinars across various subjects will also be available during the carnival. Themed ... |
HK a top place to do business3-10-2024Hong Kong is among the top 10 performers of 50 economies covered in the first Business Ready 2024 Report published by the World Bank Group (WBG) today, the Government said today. In a statement, the Government said the WBG Report has given recognition to Hong Kong as an international trading centr... |
August retail sales dip 10.1%3-10-2024The value of total retail sales in August, provisionally estimated at $29.2 billion, decreased 10.1% compared with the same month in 2023, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volume of ... |
Fintech measures discussed3-10-2024Secretary for Financial Services & the Treasury Christopher Hui today chaired the fourth meeting of the Coordination Group on Implementation of Fintech Initiatives. During the meeting, he held discussions with representatives from the financial regulators, the fintech sector, academia and research in... |
Performing arts scheme launched2-10-2024The Government announced today the launch of the Signature Performing Arts Programme Scheme for selecting performing arts productions with potential and nurturing them to become representative and large-scale local productions for long-running performances.
Each... |
Mortgage loans down 12.2%30-9-2024The value of residential mortgage loans approved in July was $ 21.8 billion, a 12.2% drop compared with July, the Monetary Authority announced today. Mortgage loans financing primary market transactions dropped 11.7% to $7.6 billion, while those financing secondary market transactions decreased 13.7% to ... |
Financial services growing apace19-9-2024Associate Director-General of Investment Promotion Charles Ng says Hong Kongâs financial services sector is currently undergoing accelerated growth, thanks to the ongoing recovery seen in the cityâs overall economy, as well as favourable government policies. In the first eight months of this ye... |
FS speaks to UK business sector28-9-2024Financial Secretary Paul Chan spoke to the UKâs political and business communities to promote Hong Kong as he attended a roundtable meeting and a luncheon in London on the final leg of his visit. Mr Chan joined a roundtable meeting organised by The CityUK, an industry-led body representing UK-based ... |
SIM card registration enhanced27-9-2024The Office of the Communications Authority (OFCA) today announced that starting October 1, Hong Kong identity (HKID) card holders completing real-name registration for pre-paid SIM (PPS) cards via telecommunications service providers' online registration platforms can by default register and verify their ident... |
FS begins UK visit27-9-2024Financial Secretary Paul Chan began his visit to London yesterday where he attended the annual "Hong Kong Dinner" engagement to share the latest developments in Hong Kong with participants. |
Belt-Road tax forum ends26-9-2024The 5th Belt & Road Initiative Tax Administration Cooperation Forum (BRITACOF) hosted by the Inland Revenue Department concluded successfully today. This three-day annual mega event in the international tax community attracted about 500 tax officials, tax experts, as well as representatives fr... |
Exports up 6.4% in August26-9-2024The value of Hong Kong's total exports increased to $381.3 billion in August, up 6.4% on the same month last year, the Census & Statistics Department announced today. The value of the city's imports rose 7.9% to $414.4 billion in the same period. A trade deficit of $33.1 billion, or 8% of the v... |
FS wraps up Spain trip25-9-2024Financial Secretary Paul Chan today wrapped up his visit to Spain by attending an exchange session organised by the IESE Business School in Madrid. Leading a delegation of technology startups, Mr Chan met more than 10 Spanish startup entrepreneurs, representatives of venture capital funds, investors and ... |
Sun Dong attends automotive summit25-9-2024Secretary for Innovation, Technology & Industry Prof Sun Dong attended automotive supply chain meetings in Wuhan, Hubei Province today. In the morning, Prof Sun attended the 2024 China Automotive Supply Chain Conference & the Third China Intelligent Networked New Energy Vehicle Ecological Confere... |
FS meets Spanish business leaders25-9-2024Continuing his visit to Madrid, Spain, Financial Secretary Paul Chan yesterday spoke at a business lunch, met Spanish officials and visited local enterprises. Delivering a keynote speech at a lunch with about 150 leaders from Spainâs business, financial, and innovation and technology sectors, Mr Cha... |
Communication proposals get support25-9-2024The Financial Services & the Treasury Bureau today published the consultation conclusions on promoting paperless corporate communication for Hong Kong companies, outlining the views received during the consultation, along with the Government's response and the way forward. The public consultat... |
HK, Türkiye enter into tax pact24-9-2024Hong Kong today signed a comprehensive avoidance of double taxation agreement (CDTA) with Türkiye. Signing the agreement on behalf of the Hong Kong Special Administrative Region Government, Secretary for Financial Services & the Treasury Christopher Hui said the CDTA will further promote ec... |
Sun Dong begins Wuhan visit24-9-2024Secretary for Innovation, Technology & Industry Prof Sun Dong began his visit to Wuhan, Hubei Province today. During a meeting with Hubei Vice Governor Chen Ping on the development of innovation and technology (I&T) and new industries in Hong Kong and Hubei, Prof Sun introduced the Hong Kong Spec... |
Belt-Road tax forum held24-9-2024The three-day 5th Belt & Road Initiative Tax Administration Cooperation Forum (BRITACOF) opened today at the AsiaWorld-Expo, marking the first time for Hong Kong to host the forum. Themed "Deepening Tax Administration Cooperation for High-Quality Belt & Road Development", the forum gathere... |
FS promotes HK-Spain ties24-9-2024Financial Secretary Paul Chan, on a visit to Spain, has called on the Plenary of the City Council of Madrid, a local innovation and technology centre, and a Spanish innovation accelerator and venture capital fund. Mr Chan yesterday met President of Madrid's City Council Plenary Francisco de Borja Fanjul ... |
Algernon Yau visits Singapore24-9-2024Secretary for Commerce & Economic Development Algernon Yau met senior officials and business leaders in Singapore to deepen trade and economic ties, and explore collaboration opportunities during his visit from September 22 to 24. âMr Yau updated representatives from major business chambers of S... |
HK rises to 3rd in finance hub ranking24-9-2024Hong Kong has been ranked third in the Global Financial Centres Index 36 Report, published today by the UKâs Z/Yen and the Shenzhen-based China Development Institute, up from fourth place in the March version of the index. The city also ranked first in the Asia-Pacific region. Its overall ... |
FS begins Spain visit23-9-2024Financial Secretary Paul Chan arrived in Madrid, Spain yesterday and began his trip by leading a group of Hong Kong tech startups to visit the country's innovation organisation Spain Startup. Mr Chan met Spain Startup President Maria Benjumea and representatives from its partner IE University of Spain. |
Sun Dong to visit Wuhan23-9-2024Secretary for Innovation, Technology & Industry Prof Sun Dong will depart for a visit to Wuhan in Hubei Province tomorrow morning to learn more about the province's efforts in promoting the development of innovation and technology, and new industrialisation. He will tour advanced manufacturing and mi... |
FS to visit Spain and UK21-9-2024Financial Secretary Paul Chan will depart tomorrow for Europe, where he will visit Madrid and London before returning to Hong Kong on September 29. Mr Chan will lead a delegation from the innovation and technology (I&T) sector on the trip. It will comprise senior executives from the Science & Tec... |
Golden Week crowd control set20-9-2024Secretary for Culture, Sports & Tourism Kevin Yeung today chaired an interdepartmental meeting to follow up on the preparation work for the arrival of visitors to Hong Kong during the Mainland's National Day Golden Week. Mr Yeung noted that the Hong Kong Special Administrative Region Government will ... |
CE attends economic symposium20-9-2024Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, attended the 27th Beijing Hong Kong Economic Cooperation Symposium and the Hong Kong Investment Promotion Conference in Beijing today. Themed âLeveraging mutual strengths, creating prosperity togetherâ, the ... |
Inflation at 2.5% in August20-9-2024Overall consumer prices rose 2.5% year-on-year in August, the same as that in July, the Census & Statistics Department announced today. Netting out the effects of the Governmentâs one-off relief measures, underlying inflation was 1.2%, also unchanged from July. Compared with August last ye... |
Algernon Yau attends ASEAN session20-9-2024Secretary for Commerce & Economic Development Algernon Yau and Minister of Industry & Commerce of Laos Malaithong Kommasith co-chaired the eighth Association of Southeast Asian Nations (ASEAN) Economic Ministers - Hong Kong, China (HKC) Consultation in Vientiane today. The session discussed issue... |
FS calls on Ministry of Finance19-9-2024Financial Secretary Paul Chan, accompanying the Chief Executive on his visit to Beijing, called on Minister of Finance Lan Foâan today. Mr Chan thanked the Ministry of Finance for its staunch support to Hong Kong in various areas. He then had in-depth exchanges with Mr Lan on the economic and finan... |
New industrialisation pact signed19-9-2024Chief Executive John Lee and Minister of Industry & Information Technology Jin Zhuanglong today witnessed the signing of the Co-operation Agreement on the Development of New Quality Productive Forces & the Promotion of New Industrialisation between the Hong Kong Special Administrative Region Government... |
HK soars in talent ranking19-9-2024The International Institute for Management Development (IMD) today published its World Talent Ranking 2024, with Hong Kong returning to the top 10 for the first time since 2016 as it rose from 16th to ninth. Hong Kong improved across all three talent competitiveness factors as compared to last year. Its ... |
Base rate lowered to 5.25%19-9-2024The Monetary Authority today announced that it has decreased the base rate to 5.25% with immediate effect. The decrease follows a 50-basis point downward shift in the target range for the US federal funds rate on September 18. The base rate is the interest rate forming the foundation upon which the... |
Algernon Yau to depart for Laos18-9-2024Secretary for Commerce & Economic Development Algernon Yau will depart for Vientiane, Laos, tomorrow to attend the eighth Association of Southeast Asian Nations (ASEAN) Economic Ministers - Hong Kong, China (HKC) Consultation meeting to be held on September 20. Mr Yau and the participating economic m... |
CE to visit Beijing17-9-2024Chief Executive John Lee will lead a Hong Kong Special Administrative Region Government delegation on a visit to Beijing from September 19. On September 20, they will attend the opening ceremony of the 27th Beijing-Hong Kong Economic Cooperation Symposium and Beijing-Hong Kong Cooperation Promotion Conference.... |
US legislation condemned17-9-2024Chief Executive John Lee today condemned the US House of Representativesâ passage of the Hong Kong Economic & Trade Office Certification Act, which he said will only harm US trade ties with Hong Kong. Mr Lee made a statement on the matter before attending an Executive Council meeting this mornin... |
Investment scheme well received16-9-2024Invest Hong Kong today reported a strong response to the New Capital Investment Entrant Scheme (New CIES) which has received more than 500 applications and over 5,000 enquiries since its launch on March 1. Citing the figures as of September 13, InvestHK expects the scheme will bring an invest... |
New Industrialisation fund launched16-9-2024The Innovation & Technology Commission today launched a $10 billion New Industrialisation Acceleration Scheme to provide funding support for enterprises in strategically important industries to set up new smart production facilities in Hong Kong. The Government will provide funding by suppleme... |
New talent embrace HK life13-9-2024Cantonese as a tonal language can be difficult to learn. Hong Kong Talent Engage (HKTE) has partnered with Hong Kong Wen Wei Management College to offer a regular Cantonese course to help newly arrived talent integrate into the community. Through small-group teaching and interactive methods, the instruc... |
HK-ASEAN ties hold huge promise13-9-2024Hong Kong values its strong relations with the Association of Southeast Asia Nations (ASEAN) region. Trade powers our deep, valued and endlessly expanding, ties. For good reason. ASEAN has been our second-largest merchandise trade partner for more than a decade. Last year, our trade reached US$145 billion. Tha... |
CE meets top Vietnamese official11-9-2024Chief Executive John Lee today met visiting Permanent Deputy Prime Minister of Vietnam Nguyen Hoa Binh at Government House. Mr Lee welcomed the Vietnamese officialâs visit to Hong Kong with his delegation for the Ninth Belt & Road Summit. The Chief Executive said Hong Kong and Vietnam are ... |
HK key to Belt-Road Initiative11-9-2024Good morning. And welcome, one and all, to the Ninth Belt & Road Summit, an annual summit held by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council. I am pleased to say that this year's summit has attracted around 6,000 high-profile individuals from so... |
Algernon Yau condemns US smears11-9-2024Secretary for Commerce & Economic Development Algernon Yau said today that the Hong Kong Special Administrative Region Government strongly condemned the US House of Representatives for slandering the laws on safeguarding national security in Hong Kong. Speaking to the media after attending the Ninth ... |
Opportunities abound in HK: FS11-9-2024Since it was first proposed by President Xi Jinping in 2013, the Belt & Road Initiative has connected countries, regions and continents through advancing infrastructure development, and strengthening collaboration in trade, investment, and people-to-people exchanges. Over the years, the initiative ha... |
Tour group food poisoning probed10-9-2024The Tourism Commission expressed concern about reports of Mainland inbound tour groups seeking medical attention at hospital owing to suspected food poisoning today and immediately contacted the Travel Industry Authority (TIA) to understand the situation and provide assistance to the visitors concerned. ... |
New Silver Bond batch launched10-9-2024The Government announced today the launch of a new batch of the Silver Bond offering a minimum interest rate of 4%, and residents who turn 60 in or before 2025 and hold a valid Hong Kong identity card are eligible for subscription. The target issuance size of the Silver Bond is $50 billion, with e... |
Sun Dong attends cybersecurity week8-9-2024Secretary for Innovation, Technology & Industry Prof Sun Dong attended the opening ceremony of 2024 China Cybersecurity Week this morning in Nansha, Guangzhou and witnessed the signing of a Memorandum of Understanding (MoU) on cybersecurity collaboration. The MOU was signed by the Digital Policy Off... |
US business advisory misleading7-9-2024The Hong Kong Special Administrative Region Government today rejected the misleading and untruthful remarks on Hong Kong's legal system and business environment in the so-called updated "business advisory" issued by various departments of the US government which tried to create panic. It said in a sta... |
Cybersecurity campaign launched7-9-2024The 2024 Cybersecurity Awareness Campaign organised by the Digital Policy Office (DPO) was officially launched today to support China Cybersecurity Week, the Innovation, Technology & Industry Bureau said. The campaign kicked off with the 2024 Cybersecurity Awareness Fun Day, jointly organised by the ... |
Sun Dong to depart for GZ6-9-2024Secretary for Innovation, Technology & Industry Prof Sun Dong will depart tomorrow for Nansha, Guangzhou, where will deliver a speech at the opening ceremony of 2024 China Cybersecurity Week. Taking as its theme âCybersecurity for the People, Cybersecurity relies on the Peopleâ, this yearâ... |
Kevin Yeung meets French creatives6-9-2024On the second day of a visit to Paris, France, Secretary for Culture, Sports & Tourism Kevin Yeung yesterday met representatives of the creative and design industries. In the morning, Mr Yeung discussed opportunities for stronger collaboration between Hong Kong and Paris in the creative and design in... |
FS concludes visit to Australia5-9-2024Before wrapping up his visit in Australia today, Financial Secretary Paul Chan promoted Hong Kong's business advantages to local business leaders in Sydney. |
GD to issue bonds in HK5-9-2024The Hong Kong Special Administrative Region Government welcomed today's announcement by the People's Government of Guangdong Province that it will issue offshore renminbi (RMB) local government bonds in Hong Kong, which will be listed on the Hong Kong Stock Exchange. |
FS meets tech firms in Sydney4-9-2024Financial Secretary Paul Chan today visited Sydney to meet the Governor of the Reserve Bank of Australia, local fintech companies and members of the Hong Kong community based in the city. In the morning, Mr Chan met Governor of the Reserve Bank of Australia (RBA) Michele Bullock to discuss the current gl... |
FS attends Asia Summit3-9-2024On the second day of his visit in Melbourne, Financial Secretary Paul Chan attended the Asia Summit, called on Chinese Consul-General in Melbourne Fang Xinwen and met a Hong Kong electric vehicle charging operator and its Australian partner. Mr Chan delivered a speech that highlighted Hong Kong’s oppor... |
FS visits Melbourne2-9-2024Financial Secretary Paul Chan today met senior officers of the Australia China Business Council (ACBC) and attended a lunch event as he continued the Melbourne leg of his visit to Australia. In the morning, Mr Chan met National Chief Executive Officer of the ACBC Tom Parker and President of the ACB... |
B&R Summit adopts green theme30-8-2024The 2024 edition of the Belt & Road Summit, co-organised by the Hong Kong Special Administrative Region Government and the Trade Development Council (TDC), will be held on September 11 and 12 at the Convention & Exhibition Centre. Themed “Building a connected, innovative and green Belt & Ro... |
FS to visit Australia31-8-2024Financial Secretary Paul Chan will depart for Australia for a duty visit tomorrow, the Government announced today. In Melbourne and Sydney, Mr Chan will meet members of the local business, finance, and innovation and technology sectors, as well as call on various enterprises. In addition to attendi... |
Govt supports SMEs' transformation30-8-2024The Government’s staunch support for local small and medium enterprises (SMEs) has long been a cornerstone of its economic strategy – and no better illustration of this approach is offered by the Digital Transformation Support Pilot Programme. Launched in late March, the programme has already suppor... |
July retail sales dip 11.8%30-8-2024The value of total retail sales in July, provisionally estimated at $29.1 billion, decreased 11.8% compared with the same month in 2023, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volume of to... |
RTHK advisory chief reappointed30-8-2024The Government announced today that the Chief Executive has reappointed Lam Tai-fai as Chairman of the Radio Television Hong Kong (RTHK) Board of Advisors. The Chief Executive has also reappointed five incumbent members and appointed seven new members to the board. They will serve for two ye... |
Mortgage loans up 1.5%30-8-2024The value of residential mortgage loans approved in July was $24.8 billion, a 1.5% increase compared with June, the Monetary Authority announced today. Mortgage loans financing primary market transactions rose 0.7% to $8.6 billion, while those financing secondary market transactions dipped 1% to $13.7 bi... |
FS promotes HK-Jiangsu ties28-8-2024Visiting Nanjing today, Financial Secretary Paul Chan attended the “SmartHK” event and met Governor of Jiangsu Province Xu Kunlin, as well as Jiangsu businessmen who are investing in Hong Kong. In the morning, he delivered opening remarks at “SmartHK”, noting that Jiangsu has been deepening its e... |
FS hosts meeting on plenary session27-8-2024The Hong Kong Special Administrative Region Government today invited members of the publicity delegation for the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC Central Committee) to attend a sharing session at Central Government Offices hosted by Financia... |
FS to visit Nanjing27-8-2024Financial Secretary Paul Chan will depart this evening for Nanjing, where he will attend the event “SmartHK” tomorrow. During his visit, Mr Chan will call on the leadership of Jiangsu and Nanjing. He will also meet representatives of the province’s industrial and commercial sectors, as well as Hong... |
Exports up 13.1% in July27-8-2024The value of Hong Kong's total exports increased to $390.4 billion in July, up 13.1% on the same month last year, the Census & Statistics Department announced today. The value of the city’s imports increased 9.9% to $412.3 billion in the same period. A trade deficit of $21.8 billion, or 5.3% ... |
Sci-tech cluster ranks 2nd globally27-8-2024The Hong Kong Special Administrative Region Government welcomed the World Intellectual Property Organization's (WIPO) ranking of the Shenzhen-Hong Kong-Guangzhou cluster as second globally for the fifth consecutive year. It said that the WIPO’s Global Innovation Index 2024 top 100 science and technolog... |
Sun Dong continues Beijing trip23-8-2024Secretary for Innovation, Technology & Industry Prof Sun Dong called on Executive Deputy Director of the Hong Kong & Macao Affairs Office of the State Council Zhou Ji on the second day of his trip to Beijing. Prof Sun first visited the National Development & Reform Commission to update its Se... |
Public services kiosk set up in Zhuhai23-8-2024The Digital Policy Office announced today the setting up of a Hong Kong Cross-boundary Public Services self-service kiosk in Zhuhai. It explained that the self-service kiosk gives residents and enterprises in Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area access to public servic... |
CE meets Djiboutian Prime Minister23-8-2024Chief Executive John Lee met visiting Djiboutian Prime Minister Abdoulkader Kamil Mohamed at Government House today to exchange views on issues of mutual interest. While welcoming the Prime Minister's visit to Hong Kong, apart from telling him that under the “one country, two systems” principle, Hong... |
Report on subdivided units submitted22-8-2024The Task Force on Tackling the Issue of Subdivided Units today submitted a report to the Chief Executive, following an in-depth study conducted over the past 10 months. Along with the study’s findings, the report makes detailed recommendations. As head of the task force, Deputy Financial Secretar... |
UN pre-summit held22-8-2024The Financial Services & the Treasury Bureau (FSTB) today co-hosted with the United Nations (UN) in China the United Nations Pre-Summit of the Future Dialogue, in anticipation of the UN Summit of the Future scheduled to be held in New York on September 22 and 23. |
Sun Dong visits central ministries22-8-2024Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Ministry of Industry & Information Technology and the National Health Commission, and attended the 2024 World Robot Conference in Beijing. |
Biased Bloomberg report rejected20-8-2024The Hong Kong Special Administrative Region Government today said it opposed Bloomberg’s biased report on the submissions made by some organisations on the proposed legislative framework to enhance protection of computer systems of critical infrastructures, taking the views of the submissions out of context.... |
July sees 2.5% inflation20-8-2024Overall consumer prices rose 2.5% year on year in July, a higher rate of increase than the 1.5% seen in June, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1.2%, also higher than that recorded in Ju... |
CE attends Policy Address forum18-8-2024Chief Executive John Lee today led his team of principal officials to attend a district forum to listen to the public's views on the upcoming Policy Address. Held at Tai Po Government Primary School and joined by about 120 people from different backgrounds, the two-hour district forum consisted of two se... |
Residents to test driverless buses16-8-2024Starting at the end of this month, two autonomous shuttle light buses will begin a trial run at Fairview Garden in Yuen Long for about seven months. Residents will be able to use the driverless vehicles as they shuttle along a 2.5km loop road in the housing estates. While both light buses have similar sp... |
Kevin Yeung visits Sichuan16-8-2024Secretary for Culture, Sports & Tourism Kevin Yeung, while visiting Sichuan today, attended the co-operation agreement signing ceremony on the gift of a pair of giant pandas from the central government to the Hong Kong Special Administrative Region. At the Dujiangyan Base of the China Conservation &a... |
Sharp rise in firms locating in HK15-8-2024As Hong Kong’s economic recovery gathers pace, bolstered by support at a national level, data from Invest Hong Kong (InvestHK) indicates that companies are accelerating their business expansion in the city. In the first half of 2024, the department assisted 322 companies in setting up or expanding thei... |
AI subsidy committee appointed12-8-2024The Government today announced the appointments of members to the Committee of the Artificial Intelligence Subsidy Scheme for a three-year term from August 15. To promote the development of the local artificial intelligence (AI) ecosystem, the Government has allocated $3 billion for the launch of a three... |
Scheme boosts new industrialisation8-8-2024In July 2020, the Government launched the New Industrialisation Funding Scheme (NIFS) to subsidise local manufacturers in setting up new smart production lines in Hong Kong. The NIFS involves awarding grants, with the Government topping up sums spent by companies on new equipment on a 1:2 basis. Establis... |
I&T grand challenge pitch held10-8-2024The second City I&T Grand Challenge concluded its Grand Pitch at the Hong Kong Science Park today where more than 500 guests, as well as an online audience, witnessed the emergence of the next generation of innovators. Organised by the Innovation & Technology Commission together with the Science ... |
Olympic spirit boosts local business7-8-2024In an inspiring display of togetherness, local citizens have been cheering the city's athletes to glory in the Olympic Games despite a six-hour time difference between Hong Kong and Paris. The Hong Kong Special Administrative Region Government acquired the television broadcasting rights for the Paris Oly... |
ASEAN tour yields fruitful results2-8-2024Chief Executive John Lee revealed that Hong Kong signed a total of 55 memoranda of understanding and agreements with Laos, Cambodia and Vietnam during his visit to three Association of Southeast Asian Nations (ASEAN) member states aimed at enhancing co-operation and mutual development. Mr Lee, while lead... |
CE visits Ho Chi Minh City2-8-2024Chief Executive John Lee toured Ho Chi Minh City, Vietnam, on the final day of his duty visit to three Association of Southeast Asian Nations (ASEAN) member states, where he met local government and business leaders and visited a garment manufacturer. |
Shanghai Culture Week opens2-8-2024The opening ceremony and reception for Shanghai Culture Week was held today at the Hong Kong Cultural Centre (HKCC). Shanghai Culture Week is presented by the Leisure & Cultural Services Department, the Shanghai Municipal Administration of Culture & Tourism and the Center for China Shanghai Inter... |
Expansion to HK drives success1-8-2024Johnny Chong is the Chief Executive Officer of a Vietnamese company that provides information and technology (I&T) services. The company expanded to Hong Kong in 2021 given its vision to leverage the city’s unique role as a financial and talent hub and a springboard that would enable it to access more of... |
First half of 2024 sees visitor surge31-7-2024The Tourism Board has announced that the provisional figure for visitor arrivals in June was 3.13 million, marking a 14% increase year on year. Cumulatively, about 21 million visitors arrived in Hong Kong in the first half of 2024, representing a 64% increase year on year. Overnight visitors accou... |
Duty-free measures extended1-8-2024The central government's new measure of increasing the duty-free allowance for Mainland residents entering the Mainland from Hong Kong has been extended to cover all ports starting from today. The measure, which raises the duty-free allowance for luggage articles brought into the Mainland from RMB5,000 t... |
June retail sales dip 9.7%1-8-2024The value of total retail sales in June, provisionally estimated at $29.9 billion, decreased 9.7% compared with the same month last year, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volume of t... |
CE meets Vietnamese President1-8-2024Chief Executive John Lee achieved remarkable results on day two of his visit in Hanoi, Vietnam, where he met Vietnamese President To Lam and the country’s Deputy Prime Minister. In the morning, Mr Lee, who is leading a Hong Kong Special Administrative Region delegation, had breakfast with staff of the ... |
CE promotes HK in Cambodia31-7-2024On day two of his visit in Cambodia, Chief Executive John Lee met Cambodian Prime Minister Hun Manet as well as Deputy Prime Minister and Minister of Interior of Cambodia Sar Sokha respectively in Phnom Penh. |
CE meets Cambodian PM31-7-2024Speaking from Cambodia today, Chief Executive John Lee said his visit to the country has yielded very good results, paving the way for closer collaboration between Cambodia and Hong Kong. At a media session, Mr Lee said he had met Cambodian Prime Minister Hun Manet and that 13 memoranda of understanding ... |
Economy grows 3.3% in Q231-7-2024Hong Kong’s economy grew 3.3% in the second quarter of 2024 over the same period a year earlier, down from a 2.8% increase in the first quarter, the Census & Statistics Department announced today. According to the advance estimates, gross domestic product (GDP) increased by 0.4% in real terms in th... |
Permit boosts super connector role31-7-2024From July 10, non-Chinese Hong Kong permanent residents became eligible for Mainland Travel Permits for Hong Kong & Macao Residents (non-Chinese Citizens). Successful applicants are already able to collect their permits from the China Travel Service. Foreign chambers of commerce in Hong Kong we... |
Ingrid Yeung visits RTHK30-7-2024Secretary for the Civil Service Ingrid Yeung visited the Artificial Intelligence Laboratory (AI Lab) at Radio Television Hong Kong (RTHK) in Kwun Tong today to learn more about the department's new directions in the use of technology in television production and meet management and staff representatives. |
Visa-free initiative welcomed30-7-2024The Hong Kong Special Administrative Region Government welcomed the National Immigration Administration’s announcement on the implementation of Hainan's 144-hour visa-free stay policy for foreign tour groups from Hong Kong and Macau that took effect today. According to the announcement, citizens of cou... |
Kevin Yeung concludes Paris tour30-7-2024Secretary for Culture, Sports & Tourism Kevin Yeung today watched the table tennis mixed doubles bronze and gold medal matches, as well as the badminton women’s doubles matches of the 2024 Paris Olympic Games on the last day of his visit to France. |
CE visits Cambodia30-7-2024Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, arrived in Phnom Penh, Cambodia, as part of a six-day visit to three countries of the Association of Southeast Asian Nations. Upon arriving in the country's capital today, Mr Lee attended a luncheon hosted by Ambassad... |
CE concludes Laos visit29-7-2024Chief Executive John Lee today met leaders of the Lao government, and visited a local school, an enterprise and a railway project before attending a business dinner in Vientiane, the capital of Laos. |
Promising future for HK, Laos unity29-7-2024Chief Executive John Lee said that he believes Hong Kong and Laos will have huge potential and opportunities for co-operation, adding that there is ample room for growth in terms of trade and people-to-people exchanges. |
CE starts ASEAN visit28-7-2024Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, arrived in Vientiane, the capital of Laos, this afternoon to begin a visit to three Association of Southeast Asian Nations (ASEAN) countries - Laos, Cambodia and Vietnam. Upon arrival in Vientiane, Mr Lee attended a d... |
Cultivating the spirit of hospitality25-7-2024When it comes to customer service, what kind of an attitude do customers value? Steven Kwong, who has been in the retail industry for over a decade, was the Gold awardee of the Outstanding Quality Tourism Services Merchant Service Staff Award 2022 (Frontline staff) (Jewellery & Watches). Peopl... |
CE to visit 3 ASEAN states26-7-2024Chief Executive John Lee will lead a Hong Kong Special Administrative Region delegation on a visit to three Association of Southeast Asian Nations (ASEAN) member states, including Laos, Cambodia and Vietnam, starting July 28. The Chief Executive’s Office made the announcement and pointed out that the d... |
Monetary chief reappointed26-7-2024Financial Secretary Paul Chan today announced the reappointment of Eddie Yue as Hong Kong Monetary Authority (HKMA) Chief Executive for a term of five years, with effect from October 1. Mr Chan stressed that stability has been maintained in Hong Kong’s money market and banking system throughout ... |
ASEAN an ideal production base25-7-2024Chief Executive John Lee will lead a delegation to visit three member states of the Association of Southeast Asian Nations or ASEAN - Laos, Cambodia and Vietnam. As part of the delegation, Federation of Hong Kong Industries Chairman Steve Chuang hopes to take the opportunity to promote Hong Kong’s stre... |
'HK can leverage strengths in ASEAN'25-7-2024Hong Kong can leverage its unique advantages under “one country, two systems” to grow its business in Southeast Asia. That is the view of Hong Kong General Chamber of Commerce Chairman Agnes Chan, who will be among the delegates from Hong Kong as Chief Executive John Lee embarks on a visit to Laos, Cambodi... |
June exports value up 10.7%25-7-2024The value of Hong Kong’s total exports increased to $373.5 billion in June, up 10.7% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods increased 9% to $429.2 billion in the same period. A trade deficit of $55.7 billion, or 13% of th... |
Digital Policy Office established25-7-2024The Digital Policy Office (DPO) has been officially established under the Innovation, Technology & Industry Bureau, the bureau announced today. Taking the lead in promoting data-driven, people-centric and outcome-based digital policies within the Government and across various sectors for enhancing th... |
FS wraps up Beijing visit24-7-2024Financial Secretary Paul Chan concluded his visit to Beijing today by calling on the leadership of various central authorities related to finance and financial services. Mr Chan met Office of the Central Commission for Financial & Economic Affairs Deputy Director in charge of routine work and Office ... |
‘ASEAN states have key advantages’22-7-2024President of The Chinese Manufacturers' Association of Hong Kong Wingco Lo, who will travel to Laos, Cambodia and Vietnam later this month as part of a delegation led by Chief Executive John Lee, believes opportunities for growth and transformation await Hong Kong businesses in Southeast Asia amid a rapidly ch... |
HK can be ASEAN-GBA connector22-7-2024A local chamber of commerce believes Hong Kong firms can grow their business in Southeast Asia by leveraging the city’s strengths in integrating various industries in the Greater Bay Area (GBA). Chief Executive John Lee will visit Laos, Cambodia and Vietnam, three members of the Association of Southeas... |
June sees 1.5% Inflation22-7-2024Overall consumer prices rose 1.5% in June, year on year, higher than the 1.2% increase in May, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1%, the same as in May. Compared with June last year... |
FS bound for Beijing22-7-2024Financial Secretary Paul Chan will depart Hong Kong late this afternoon for Beijing, where he will call on relevant central ministries and institutions to discuss strengthening co-operation and exchange. He will return to Hong Kong on Wednesday evening. Secretary for Financial Services & the Treasury... |
I&T opportunities abound in ASEAN19-7-2024When Chief Executive John Lee visits Laos, Cambodia and Vietnam later this month, Legislative Councillor for the Technology & Innovation Functional Constituency Duncan Chiu will be part of his delegation. Looking ahead to the visit, Mr Chiu highlighted that the total population of the three countries... |
Govt concerned over IT outage19-7-2024The Government expressed its concern over the massive outage of Microsoft systems today and assigned Deputy Chief Secretary Cheuk Wing-hing to monitor the situation. The Government said the operation of its systems remains normal and that no incident reports have been received from any departments in rel... |
Local firms hit record 1.44m19-7-2024The Companies Registry today announced that 66,734 local companies were newly registered during the first half of 2024, bringing the total number of registered local companies to 1,440,935, an all-time high figure. Meanwhile, 501 non-Hong Kong companies have newly established a place of business in the c... |
Institutional green bonds issued18-7-2024The Government today announced the successful offering of approximately HK$25 billion worth of green bonds denominated in renminbi (RMB), US dollars and euros under its Sustainable Bond Programme. The bonds, which have been assigned credit ratings of AA+ by S&P Global Ratings and AA-... |
Housing sale permitted in cultural hub17-7-2024The Chief Executive-in-Council yesterday conditionally approved the relaxation of the Enhanced Financial Arrangements for the West Kowloon Cultural District (WKCD) to lift the “Build-Operate-Transfer only” restriction for residential developments within Zone 2 of the cultural district and permit the sale o... |
Stablecoin views released17-7-2024The Financial Services & the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) today jointly issued the consultation conclusions on the legislative proposal to implement a regulatory regime for fiat-referenced stablecoin (FRS) issuers in Hong Kong. During the two-month public consult... |
Tapping ASEAN business potential16-7-2024Chief Executive John Lee will lead a delegation to visit Laos, Cambodia, and Vietnam later this month to promote Hong Kong and explore business opportunities. The Trade Development Council stated that the three countries, all of them in ASEAN (the Association of Southeast Asian Nations), each have signif... |
HK I&T talent lauded15-7-2024The Innovation & Technology Commission held the Reception for I&T Awards 2024 today, where more than 300 representatives from the local innovation and technology (I&T) sector, including academics, scientists, and representatives of institutes and government departments were commended for bringing H... |
Govt launches E-commerce Easy15-7-2024The Government launched E-commerce Easy under the Dedicated Fund on Branding, Upgrading & Domestic Sales (BUD Fund) today, with the goal of helping enterprises to develop the Mainland market through e-commerce. The Trade & Industry Department made the announcement and in addition to expla... |
HK-Guangdong conference held12-7-2024Chief Executive John Lee and Guangdong Governor Wang Weizhong co-chaired the 24th Plenary of the Hong Kong/Guangdong Co-operation Joint Conference in Guangzhou today. |
Belt-Road conference held in Beijing12-7-2024The Hong Kong Special Administrative Region Government, the National Development & Reform Commission (NDRC) and relevant central ministries today held the seventh Joint Conference on Advancing Hong Kong's Full Participation in & Contribution to the Belt & Road Initiative in Beijing. NDRC Vice... |
Business chambers hail travel card10-7-2024The New Zealand Chamber of Commerce in Hong Kong (NZCCHK) and the French Chamber of Commerce & Industry in Hong Kong (FCCIHK) have both eagerly welcomed the implementation of the new Mainland Travel Permit for Hong Kong & Macao Residents (non-Chinese Citizens) by the Exit & Entry Administration of ... |
Views sought on AI copyright issues8-7-2024The Government today launched a two-month public consultation on enhancing the Copyright Ordinance (CO) with regard to artificial intelligence (AI) technology development. The consultation document explores issues relating to copyright protection of AI-generated works, copyright infringement liabi... |
Cathay to buy back remaining shares5-7-2024The Government said that it is pleased to note the decision by Cathay Pacific Airways to buy back all of its remaining preference shares. |
Issuance of travel card welcomed5-7-2024Three foreign chambers of commerce in Hong Kong have welcomed the announcement that non-Chinese Hong Kong permanent residents are eligible to apply for a new Mainland Travel Permit for Hong Kong & Macao Residents (non-Chinese Citizens). The national Exit & Entry Administration will start iss... |
'Patent box' tax concession enacted5-7-2024The Inland Revenue (Amendment) (Tax Concessions for Intellectual Property Income) Ordinance 2024 has been published in the Gazette. The amendment ordinance implements the Government’s “patent box” tax incentive, which provides tax concessions for qualifying profits derived from eligible intellectua... |
Opportunities await Hong Kong4-7-2024I would like to, first of all, thank Phil (Manulife Asia President & Chief Executive Officer Phil Witherington) for bringing up this new card-type travel document, to have great convenience to visit the Mainland. I would like to highlight that it is actually a big policy breakthrough. It may be a step in y... |
Govt welcomes deposit bill passage3-7-2024The Government welcomed the passage of an amendment bill to enhance the Deposit Protection Scheme (DFS) by the Legislative Council today, raising the protection limit from the current $500,000 to $800,000. Other enhancements to the scheme include refining the levy system to enable the DPS Fund underpinni... |
Hotel tax to be resumed3-7-2024The Government served a notice to the Legislative Council today to move a resolution under the Hotel Accommodation Tax Ordinance to resume the collection of hotel accommodation tax (HAT). Under the ordinance, the HAT is imposed on hotel and guesthouse accommodation, and is levied on the accommodation cha... |
Govt set for low-altitude economy3-7-2024The Government is exploring ways to promote low-altitude flying activities and will implement low-altitude economy pilot projects in a gradual and orderly manner, Acting Secretary for Transport & Logistics Liu Chun-san said today. Replying to lawmakers’ questions at the Legislative Council, Mr Liu ... |
Company re-domiciliation vital for HK3-7-2024Today, the Financial Services & the Treasury Bureau (FSTB) published the public consultation conclusion and latest legislative proposals for the company re-domiciliation regime. I would like to take this opportunity to share the thinking behind the proposals as well as the highlights therein. ... |
New investment visas granted3-7-2024The first batch of visa applications under the New Capital Investment Entrant Scheme were approved in June, the Immigration Department announced today. Launched on March 1, the new scheme had received 339 applications and over 3,700 enquiries by June 30. The department approved three applications f... |
InvestHK sees rise in firms assisted2-7-2024Invest Hong Kong (InvestHK) today announced that it assisted 322 Mainland and overseas companies to set up or expand operations in Hong Kong during the first six months of 2024, representing a 43% year-on-year increase. The total investment brought to the local economy reached HK$38.3 billion, up 6% year... |
May retail sales down 11.5%2-7-2024The value of total retail sales in May, provisionally estimated at $30.5 billion, decreased 11.5% compared with the same month last year, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volume of t... |
Trade services discussions conclude1-7-2024Chief Executive John Lee today welcomed the substantial conclusion of the consultations between the Ministry of Commerce and the Hong Kong Special Administrative Region Government for further liberalisation of trade in services under the Mainland & Hong Kong Closer Economic Partnership Arrangement (CEPA).<... |
Senior officials celebrate July 11-7-2024Acting Chief Secretary Cheuk Wing-hing, Deputy Secretary for Justice Cheung Kwok-kwan and Secretary for Constitutional & Mainland Affairs Erick Tsang celebrated the July 1 holiday by dining at Wan Chai Bowrington Road Cooked Food Centre. |
Scheme boosts green fintech in HK28-6-2024The seminar on “Green Fintech: Catalyst for Scaling Sustainable Finance”, which focused on green finance technology, was one of the key events of Hong Kong Green Week held by the Government earlier this year. During the event, the Green & Sustainable Finance Cross-Agency Steering Group announced the Pr... |
Duty-free allowance increased28-6-2024The Hong Kong Special Administrative Region Government today welcomed an increase to the duty-free allowance for Mainland residents entering the Mainland from Hong Kong. The central government will raise the duty-free allowance for luggage articles brought into the Mainland by Mainland visitors travellin... |
Fragrance exhibition opens Jun 2827-6-2024The Hong Kong Museum of Art (HKMoA) will stage an exhibition from tomorrow to October 16 to showcase a selection of 160 precious items about the Chinese fragrance culture in different periods of time, the Leisure & Cultural Services Department announced today. |
Telemarketing rules strengthened26-6-2024Twelve trade associations from seven industries together launched the enhanced Industry Regulatory Scheme for Marketing Calls to further expand and strengthen industry regulation of marketing calls today. The Commerce & Economic Development Bureau and the Office of the Communications Authority jointl... |
May exports value up 14.8%25-6-2024The value of Hong Kong’s total exports increased to $375.9 billion in May, up 14.8% on the same month last year, the Census & Statistics Department announced today. The value of imports of goods increased 9.6% to $388.1 billion in the same period. A trade deficit of $12.1 billion, or 3.1% of ... |
HK, Armenia sign tax pact24-6-2024Hong Kong today signed a comprehensive avoidance of double taxation agreement (CDTA) with Armenia. Secretary for Financial Services & the Treasury Christopher Hui said the CDTA is the 50th agreement that Hong Kong has concluded, marking a major milestone in the Hong Kong Special Administrative... |
AI the key to HK’s tech devt24-6-2024The relationship between artificial intelligence (AI) and life science is transformative, and holds immense potential to drastically change the pharmaceutical industry and the medical and health sector. Large Language Models, or LLMs, have enabled researchers to decode protein or molecular sequences, generate ... |
Inflation at 1.2% in May21-6-2024Overall consumer prices rose 1.2% in May year-on-year, slightly up from the 1.1% increase in April, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1%, also slightly higher than the 0.9% increase in Ap... |
CE attends InvestHK reception20-6-2024Chief Executive John Lee today welcomed over 400 senior representatives from Mainland and foreign companies at an Invest Hong Kong (InvestHK) reception, thanking them for their lasting confidence in Hong Kong’s business environment. He also called upon them to continue using the city’s global advanta... |
Christopher Hui joins Shanghai forum19-6-2024Secretary for Financial Services & the Treasury Christopher Hui today attended the 2024 Lujiazui Forum and visited a specialist technology firm in Shanghai. At the forum, Mr Hui addressed the second plenary session, “Strengthening International Monetary Policy Co-ordination & Addressing the Cha... |
Market reform takes effect Sept 2318-6-2024Maintaining trading under severe weather conditions is a key step in enhancing the competitiveness of Hong Kong's market. This reform, being one of the policy initiatives set out in the Policy Address and the Budget as well as a recommendation made by the Task Force on Enhancing Stock Market Liquidity, has won... |
Christopher Hui heads for Shanghai18-6-2024Secretary for Financial Services & the Treasury Christopher Hui will depart for Shanghai tomorrow to attend the 2024 Lujiazui Forum. |
HK ranks 5th in competitiveness18-6-2024Hong Kong was ranked the fifth most competitive economy by the International Institute for Management Development in its World Competitiveness Yearbook 2024, up two places from last year. Among the four competitiveness factors, Hong Kong's rankings in business efficiency and infrastructure rose notably a... |
Interest in Sandy Ridge site invited17-6-2024The Innovation, Technology & Industry Bureau and the Office of the Government Chief Information Officer (OGCIO) today invited expressions of interest (EOI) for the development at Sandy Ridge in North District for innovation and technology and related purposes. The OGCIO pointed out that a change in t... |
AI dog traces source of pollution14-6-2024With the goal of leveraging technology to enhance work efficiency, the Environmental Protection Department introduced the Artificial Intelligence (AI) Environmental Air Nuisance Investigation Robot Dog to assist the department’s investigators in handling air pollution incidents. With its capabilities o... |
CreateHK restructuring announced14-6-2024Create Hong Kong (CreateHK) of the Culture, Sports & Tourism Bureau has been restructured as the Cultural & Creative Industries Development Agency (CCIDA) starting today. The bureau made the announcement today and explained that the goal of restructuring is to proactively promote the development ... |
Public services kiosks set up in SZ14-6-2024The Innovation, Technology & Industry Bureau announced today the setting up of two Hong Kong Cross-boundary Public Services self-service kiosks in Shenzhen. The self-service kiosks give enterprises and residents in Mainland cities of the Greater Bay Area one-stop access to more than 60 Hong Ko... |
SZ-HK financial co-op body formed13-6-2024The Shenzhen-Hong Kong Financial Co-operation Committee was established and convened its first meeting in Hong Kong today. The committee is co-chaired by Secretary for Financial Services & the Treasury Christopher Hui and Shenzhen Municipal People's Government Vice-Mayor and Director General of the O... |
Online job fair attracts 240k views12-6-2024Hong Kong Talent Engage (HKTE) co-hosted an online job fair with recruitment platforms in Hong Kong and the Mainland today, with over 240,000 views and over 2,000 job applications submitted online in about two hours. Delivering the fair's opening remarks, Secretary for Labour & Welfare Chris Sun said... |
Corporate summer internships start11-6-2024The Scheme on Corporate Summer Internship on the Mainland & Overseas 2024 began today. Speaking at the kick off ceremony, Chief Secretary Chan Kwok-ki said the scheme has been well regarded since its launch in 2018 and has benefitted over 700 Hong Kong youths so far. He described the scheme as ... |
HK payload specialist chosen11-6-2024Chief Executive John Lee congratulated a Hong Kong payload specialist on being selected as one of the country's fourth batch of preparatory astronauts, after the China Manned Space Agency announced the completion of the recruitment today. Mr Lee said it is the first time a Hong Kong Special Admini... |
Treasury chief concludes Europe visit7-6-2024Secretary for Financial Services & the Treasury Christopher Hui yesterday visited Lisbon, Portugal, to meet senior officials and local business leaders there. Mr Hui met Portuguese Secretary of State for Tax Affairs Cláudia Reis Duarte to exchange views on international tax co-operation. On th... |
Christopher Hui visits Spain6-6-2024Secretary for Financial Services & the Treasury Christopher Hui attended a technology and startup summit in Madrid, Spain, and met the top management of the Spanish stock exchange yesterday. Mr Hui joined the South Summit in the capital of Spain that brought together some 500 speakers, 120 investment... |
CE meets Guangzhou mayor6-6-2024Chief Executive John Lee today met Guangzhou Municipal Government Mayor Sun Zhiyang to exchange views on deepening Hong Kong's co-operation with Guangzhou.  ... |
Cultural co-operation meeting held6-6-2024The 22nd Greater Pearl River Delta Cultural Cooperation Meeting, co-ordinated by the Culture, Sports & Tourism Bureau, concluded in Hong Kong today. During the meeting attended by about 130 officials and representatives of relevant associations, working group meetings, a meeting of culture dep... |
Data, facts reflect HK's bright future5-6-2024The Government today said the remarks by some individuals on Hong Kong's economic and financial development have clearly overlooked the city’s existing advantages and the current positive development momentum and added that it needs to set the record straight. In a statement, the Government stre... |
Christopher Hui visits the Netherlands5-6-2024Secretary for Financial Services & the Treasury Christopher Hui has started his visit to the Netherlands by meeting senior financial officials and fintech professionals as well as joining fintech event Money 20/20 Europe. During the fireside chat "Regulating the Next Wave of Financial Innovation: Les... |
APIs launched to draw global talent5-6-2024The Government today launched a new set of TV Announcements in the Public Interest (APIs) to appeal to talent across professions on the Mainland and overseas to settle in Hong Kong. The Hong Kong Talent Engage (HKTE) said the new APIs feature the city’s vibrant and colourful lifestyle, followed by nine... |
Chief Executive John Lee will lead a Hong Kong Special Administrative Region Government delegation to visit Shanghai on N...
A fair aimed at helping small and medium-sized enterprises (SMEs) to undertake digital transformation is being held today...
Hong Kong is emerging fast as one of the most attractive global fintech hubs. In the first half of this year, among the t...
Hong Kong FinTech Week 2024 opened today with its co-organiser, the Monetary Authority (HKMA), outlining a series ...