Hong Kong Business News
香港商業資訊
News Article List |
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HK welcomes overseas people: FS19-1-2023
Financial Secretary Paul Chan seized the opportunity during a breakfast meeting at the World Economic Forum Annual Meeting in Switzerland yesterday to welcome people from all over the world to come to Hong Kong to explore development opportunities. With the theme of "Hong Kong Perspectives: Connectivity ... |
Sun Dong views national space tech18-1-2023
Secretary for Innovation, Technology & Industry Prof Sun Dong continued his Beijing visit today, with a tour of the China Science & Technology Museum. Prof Sun viewed exhibitions on the structural component of the China Space Station's Tianhe core module, 5G connection application, robot arm and ... |
Mega events set to boost tourism18-1-2023
Promotions in various visitor source markets have been launched to spread the positive message of welcoming visitors, Secretary for Culture, Sports & Tourism Kevin Yeung said today. Addressing lawmaker Elizabeth Quat’s questions at the Legislative Council, he said the Tourism Board will organise mo... |
International cruise ship berths18-1-2023
Hong Kong welcomed the arrival of its first international cruise ship today after the adjustment of the city’s anti-epidemic measures. Carrying more than 300 passengers, the Silver Spirit reached Victoria Harbour via Lei Yue Mun and berthed at Ocean Terminal in Tsim Sha Tsui. Secretary for Cultur... |
LegCo’s passage of 2 bills welcomed18-1-2023
The Government welcomed the passage of the Stamp Duty (Amendment) Bill 2022 and the Companies (Amendment) Bill 2022 by the Legislative Council today. The amendment to the Stamp Duty Ordinance gives effect to the proposed exemption of stamp duty payable for certain transactions relating to dual-counter st... |
Economy will pick up growth: FS18-1-2023
Financial Secretary Paul Chan said that the economy would pick up growth this year during a luncheon at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. At the WEF Annual Meeting yesterday, Mr Chan participated in the Special Address delivered by State Council Vice Premier Liu He. ... |
Sun Dong meets tech minister17-1-2023
Secretary for Innovation, Technology & Industry Prof Sun Dong today met Vice Minister of Science & Technology Prof Zhang Guangjun in Beijing and visited two centres at Zhongguancun. Prof Sun briefed Prof Zhang on key elements in the Hong Kong Innovation & Technology (I&T) Development Blue... |
FS attends World Economic Forum17-1-2023
Financial Secretary Paul Chan described the latest state of Hong Kong’s return to normalcy and development opportunities while meeting a number of political and business leaders as the World Economic Forum (WEF) opened yesterday in Davos, Switzerland. Using the annual meeting to his advantage, Mr Chan ... |
Sun Dong starts Beijing trip16-1-2023
Secretary for Innovation, Technology & Industry Prof Sun Dong began his visit to Beijing today.
He paid a courtesy call on Chinese Academy of Sciences (CAS) Vice President Zhang Yaping, briefing him on the Hong Kong Innovation & Technology (I&T) Development Bluep... |
104k companies newly registered16-1-2023
The total number of local companies registered was 1,391,678 at the end of 2022, while 104,120 were newly registered in the year, the Companies Registry announced today. In 2022, 874 non-Hong Kong companies that have newly established a place of business in Hong Kong were registered under the Companies O... |
Sun Dong to visit Beijing14-1-2023
Secretary for Innovation, Technology & Industry Prof Sun Dong will depart for a visit to Beijing tomorrow to strengthen ties with relevant authorities and organisations. Prof Sun will visit the Ministry of Science & Technology, the Chinese Academy of Sciences, the China Association for Science &a... |
Officials mourn Uncle Ray14-1-2023
Secretary for Commerce & Economic Development Algernon Yau and Secretary for Culture, Sports & Tourism Kevin Yeung today expressed deep sorrow over the passing of radio programme host Reinaldo Maria Cordeiro, also known as Uncle Ray. Mr Yau sincerely thanked Mr Cordeiro for his lifelong contribut... |
HK offers boundless opportunities13-1-2023
Indeed, I have had the pleasure of welcoming many people back to Hong Kong in recent months. As Hong Kong lifts travel restrictions and social distancing measures, many large-scale events have been held, including the first Global Financial Leaders' Investment Summit and the famous Hong Kong Sevens. I am pleas... |
CE meets UGC members13-1-2023
Chief Executive John Lee met the University Grants Committee (UGC) members today to exchange views on the latest development of higher education in Hong Kong. UGC Chairman Tim Lui briefed Mr Lee on the committee’s strategies and initiatives in nurturing talent and integrating into the national developm... |
FS to depart for Switzerland13-1-2023
Financial Secretary Paul Chan will depart for Davos in Switzerland tomorrow night to attend the World Economic Forum (WEF) Annual Meeting from January 16 to 20. The theme of the WEF Annual Meeting this year is Cooperation in a Fragmented World. Mr Chan said that many uncertainties still prevail for... |
Private equity central to success: FS13-1-2023
With significant relaxation of anti-epidemic measures, and more importantly the reopening of our boundary with the Mainland and the world, Hong Kong is fully open for business. This is a golden opportunity for speedily gearing up ourselves to maximise the opportunities ahead. We are determined, let me ad... |
Family offices supported in HK12-1-2023
It is my great pleasure to join you all today at the Family Office Symposium of the Asian Financial Forum, a flagship event demonstrating Hong Kong's leadership as an international financial centre and a family office hub. I am delighted to see many renowned speakers and veterans of the industry joining togeth... |
Renowned composer mourned12-1-2023
Secretary for Culture, Sports & Tourism Kevin Yeung today expressed sorrow and sadness over the passing of renowned composer Doming Lam. Mr Lam was one of the founders of the Composers & Authors Society of Hong Kong and the Hong Kong Composers' Guild. He was also appointed as the guild's honorary... |
Projects leadership training extended12-1-2023
The Centre of Excellence for Major Project Leaders (CoE) under the Development Bureau today launched the 2023 Major Projects Leadership Programme (MPLP), extending the training to stakeholders outside the Government. The Government noted that overwhelming responses from top management of various internat... |
Asian Financial Forum opens11-1-2023
The 16th Asian Financial Forum opened today, providing a platform for international heavyweights to examine ways to formulate better business strategies and develop a blueprint for sustainable growth after the past turbulent years. Under the theme of "Accelerating Transformation: Impact ∙ Inclusio... |
Govt creating economic impetus11-1-2023
Sustainable development is the focus of today's luncheon. In one way or another, it is an overarching theme that the world needs to address. The 2030 Agenda for Sustainable Development and the 17 sustainable development goals adopted by all United Nations (UN) member states in 2015 call on us to build an inclu... |
No change to housing measures11-1-2023
Secretary for Housing Winnie Ho today said the Government considers that the current development of the local property market is an orderly adjustment and it does not see the need to adjust the relevant management measures at the moment. Answering lawmakers’ questions, Ms Ho said the prevailing de... |
Financial stability a priority: FS11-1-2023
Financial Secretary Paul Chan said the Government places high priority on financial stability so that Hong Kong can stay strong amid external uncertainties. At the Asian Financial Forum today, he told reporters that external demand is weak and the financial market is volatile due to factors such as inter... |
Christopher Hui meets foreign envoys11-1-2023
Secretary for Financial Services & the Treasury Christopher Hui today met overseas delegations from the World Alliance of International Financial Centers (WAIFC) and the Singapore business sector. Held on the sidelines of the Asian Financial Forum (AFF) 2023, the meetings involved exchanges and discu... |
Michelle Yeoh wins best actress prize11-1-2023
Secretary for Culture, Sports & Tourism Kevin Yeung today congratulated Michelle Yeoh on winning Best Performance by an Actress in a Motion Picture (Musical or Comedy) at the 80th Golden Globe Awards. "Michelle Yeoh first made a name in the Hong Kong film sector, then moved on to the international st... |
HK accelerating change: CE11-1-2023
Welcome to the 2023 Asian Financial Forum (AFF). After two years of virtual AFF, this year’s forum is taking place in person and online. I am delighted to be here, among the more than 2,000 of you taking in this 16th edition, live, from the Hong Kong Convention & Exhibition Centre. Another 3,000 or... |
HK fosters trade ties with Vietnam10-1-2023
Secretary for Commerce & Economic Development Algernon Yau today continued to meet the Vietnamese political and business community to promote Hong Kong's vast business opportunities during his trip in Hanoi, Vietnam. Noting that Hong Kong and Vietnam have enjoyed cordial relations over many years, Mr... |
Govt follows up on flight restriction10-1-2023
The Hong Kong Special Administrative Region Government today said it is highly concerned about the restriction imposed by the Korean authority that requires passenger flights from Hong Kong to only land at Incheon International Airport. It is following up on the restriction with a view to minimising the impact... |
Govt monitoring travel resumption10-1-2023
(To watch the full media session with sign language interpretation, click here.) The Hong Kong Special Administrative Region Government and Mainland authorities will closely monitor the operation of the resumption of normal travel between the two places and see whether there is room to adjust rele... |
Algernon Yau promotes HK in Hanoi9-1-2023
Secretary for Commerce & Economic Development Algernon Yau today met senior government officials and business leaders in Hanoi, Vietnam to promote Hong Kong’s business advantages and opportunities. He updated them on Hong Kong’s latest trade and economic development and explored collaboration opp... |
CE inspects control point8-1-2023
Chief Executive John Lee visited the Lok Ma Chau Spur Line (Futian) Control Point today, the first day of the resumption of normal travel between Hong Kong and the Mainland, to view the arrangements for people crossing the boundary. Mr Lee was briefed on the arrangements and spoke to members of... |
LeaveHomeSafe system ends8-1-2023
The Office of the Government Chief Information Officer (OGCIO) today announced that the LeaveHomeSafe system has ceased operation and the app will not be updated. The move follows the relaxation of various anti-epidemic measures, the progressive resumption of normal travel between Hong Kong and the ... |
Aid for SIM card registration boosted7-1-2023
The Government today announced that support service for the real-name registration for SIM cards at 25 MTR stations will be enhanced starting tomorrow to February 23 to assist users of pre-paid SIM cards (PPS cards) to complete real-name registration. The support stations will open between 9am and... |
Algernon Yau to visit Vietnam6-1-2023
Secretary for Commerce & Economic Development Algernon Yau will depart for a visit to Hanoi tomorrow to forge closer economic and trade ties between Hong Kong and Vietnam. His trip also aims to give the Vietnamese business sector an update on Hong Kong's new initiatives to attract enterprises an... |
Public reminded of IRD relocation5-1-2023
The Inland Revenue Department today said most of its Wan Chai offices will be relocated to the newly built centre at Kai Tak by January 9, and citizens should note the office locations of its units and sections before visiting. The business hours and contact telephone numbers of the respective offices wi... |
Nov retail sales dip 4.2%4-1-2023
The value of total retail sales in November 2022, provisionally estimated at $29.5 billion, fell 4.2% 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... |
Prevention is better than cure30-12-2022
According to Government data, Hong Kong people have a very long life expectancy. The life expectancies at birth for both sexes have steadily increased to 83 years and 88 years for males and females respectively in 2021. It is generally recognised that the prevalence of chronic disease increases with age,... |
CE welcomes NSL interpretation30-12-2022
(To watch the full media session with sign language interpretation, click here.) Chief Executive John Lee today issued a statement on the interpretation of the National Security Law (NSL) by the Standing Committee of the National People’s Congress (NPCSC) in accordance with Article 65 of th... |
Policy holders' scheme mooted30-12-2022
The Financial Services & the Treasury Bureau today proposed to establish a policy holders' protection scheme (PPS) and launched a three-month consultation exercise to collect public views. The proposals sets out key features of the PPS including coverage, level of compensation, a funding mecha... |
Nov exports value down 24.1%29-12-2022
The value of Hong Kong's total goods exports fell to $360 billion in November, down 24.1% compared with the same month last year, the Census & Statistics Department announced today. The value of goods imports dropped 20.3% to $387.1 billion for the same period. A trade deficit of $27.1 billion,... |
Demographic report released29-12-2022
The Census & Statistics Department published its Demographic Trends in Hong Kong 1991-2021 report today, showing the city’s population increased at an average annual growth rate of 0.8% from 5.75 million to 7.41 million. It describes the growth, the age-sex structure and the patterns of... |
FS welcomes SFC report29-12-2022
Financial Secretary Paul Chan today welcomed the publication of the annual report of the Process Review Panel for the Securities & Futures Commission (SFC), which covers the panel’s work in 2021-22. Mr Chan said the panel has conducted a comprehensive review of the SFC’s internal proc... |
Japan flight restrictions followed up28-12-2022
The Hong Kong Special Administrative Region Government today said it is highly concerned about the Japanese authority’s restrictions that require passenger flights from Hong Kong to only land at four designated airports in Japan starting December 30, and is following up on the incident on multiple fronts. |
FS welcomes insurance review28-12-2022
Financial Secretary Paul Chan today welcomed the publication of the 2022 Annual Report of the Process Review Panel for the Insurance Authority. Mr Chan said the review panel plays an important role in maintaining the procedural propriety of the insurance regulatory regime. The panel selected and re... |
Govt boosts I&T talent scheme28-12-2022
The Government has enhanced the Technology Talent Admission Scheme by lifting the local employment requirement, extending the quota validity period to two years as well as expanding the coverage to more emerging technology areas. New technology areas can also be added into the scheme as and w... |
Office for attracting enterprises opens23-12-2022
The Office for Attracting Strategic Enterprises (OASES) commenced full operation today. It is one of the new initiatives announced in the 2022 Policy Address to attract enterprises and investments more proactively and aggressively with a view to enhancing Hong Kong's competitiveness and speeding up indust... |
I&T development blueprint unveiled22-12-2022
(To watch the full press conference with sign language interpretation, click here.) The Government promulgated the Hong Kong Innovation & Technology (I&T) Development Blueprint today to establish a clear development path and formulate systematic strategic planning for I&T development o... |
Paul Chan visits HK brands expo22-12-2022
Financial Secretary Paul Chan today invited consuls general from five countries of the Association of Southeast Asian Nations (ASEAN) in Hong Kong to visit the 56th Hong Kong Brands & Products Expo at Victoria Park. Mr Chan toured the expo with consul generals from the Philippines, Indonesia, Vietnam... |
US urged to respect WTO ruling22-12-2022
(To watch the full media session with sign language interpretation, click here.) Secretary for Commerce & Economic Development Algernon Yau today said he has written to the US Trade Representative to urge the US to withdraw the origin marking requirement imposed on Hong Kong products following... |
Govt welcomes WTO ruling21-12-2022
The Hong Kong Special Administrative Region Government today welcomed the ruling made by the panel established under the World Trade Organization's (WTO) Dispute Settlement Body (DSB) that the origin marking requirement imposed on Hong Kong products by the US is inconsistent with WTO rules. Since Novembe... |
Nov inflation up 1.8%20-12-2022
Overall consumer prices rose 1.8% in November year-on-year, the same as that in October, the Census & Statistics Department announced today. Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 1.7%, also the same as that in October. Compared wi... |
Stamps to mark Year of the Rabbit19-12-2022
Lunar New Year special stamps will be issued on January 10, 2023, to ring in the Year of the Rabbit, Hongkong Post announced today. The upcoming Lunar New Year special stamp series consists of four stamps and a stamp sheetlet featuring the propitious rabbit in different traditional handicrafts, heralding... |
View sought on crowdfunding rules19-12-2022
The Financial Services & the Treasury Bureau today published a consultation paper on the proposal to enhance regulation of crowdfunding activities and launched a three-month public consultation exercise. The consultation paper sets out various recommendations on enhancing the transparency... |
Stock Connect expansion welcomed19-12-2022
The Hong Kong Special Administrative Region Government today warmly welcomed the expansion of the scope of eligible stocks under Stock Connect. The China Securities Regulatory Commission and the Securities & Futures Commission issued a joint announcement today on the in-principle approval for th... |
Budget consultation begins18-12-2022
The Government today launched the public consultation exercise for the 2023-24 Budget. Financial Secretary Paul Chan explained that the COVID-19 pandemic and geopolitical situation have led to global supply chain disruptions, high inflation, interest rate hikes and tightened monetary conditions. As... |
Cultural forum successfully concludes16-12-2022
The Asia Cultural Co-operation Forum 2022 successfully concluded today with 21 countries and 14 overseas delegations taking part, the largest number of participants since the forum's establishment in 2003. The participating delegations attended the "Revitalisation & Conservation of Historical Heritag... |
Copyright law amendment gazetted16-12-2022
The Copyright (Amendment) Ordinance 2022 was gazetted today to update Hong Kong's copyright regime to strengthen copyright protection in the digital environment. The Commerce & Economic Development Bureau said the copyright system is an essential component of the intellectual property (IP) regime, of... |
SIM card registration reminder issued16-12-2022
The Government today reminded the public that pre-paid SIM (PPS) cards which have not completed real-name registration before February 23, 2023 cannot be used after that date. Card users who have not completed real-name registration should register as soon as possible to avoid disruption of their te... |
Mainland, HK boost I&T co-operation16-12-2022
The 16th meeting of the Mainland/Hong Kong Science & Technology Co-operation Committee was held via video conferencing today. Secretary for Innovation, Technology & Industry Prof Sun Dong and Vice Minister of Science & Technology Prof Zhang Guangjun co-chaired the meeting. Prof Sun said... |
Base rate raised to 4.75%15-12-2022
The Monetary Authority has increased the base rate to 4.75% with immediate effect. The increase followed the 50-basis point upward shift in the target range for the US federal funds rate on December 14. The base rate is the interest rate forming the foundation upon which the Discount Rates for repu... |
I&T blueprint to be unveiled soon15-12-2022
Welcome to the inaugural Global Innovation & Technology Summit organised by the Innovation & Technology Commission of the Hong Kong Special Administrative Region Government. Today's summit features some 30 world-class scientists, academics and researchers from Asia, Europe and North America. This... |
IRD to move to Kai Tak15-12-2022
The Inland Revenue Department (IRD) announced that it will relocate its offices currently located at the Revenue Tower in Wan Chai to the newly built Inland Revenue Centre at 5 Concorde Road, Kai Tak in Kowloon, by phases from December 19 to May 2023. Those planning to visit the department’s offices du... |
Lai-see advisory issued15-12-2022
The three note-issuing banks will start exchanging new and good-as-new notes from January 5 to 21 next year, the Monetary Authority announced today. It also encourages the public to use electronic lai-see for Chinese New Year. The authority said as Chinese New Year draws near, the note-issuing banks will... |
New SFC chief appointed15-12-2022
The Chief Executive today appointed Julia Leung as Securities & Futures Commission Chief Executive Officer for three years starting January 1, 2023, succeeding Ashley Alder upon his coming departure. Financial Secretary Paul Chan lauded Ms Leung for having a profound knowledge of and extensive e... |
Passage of taxation bill welcomed14-12-2022
The Government welcomed the Legislative Council’s passage of a bill today that strengthens Hong Kong’s tax regime for better combatting cross-border tax avoidance arising from double non-taxation. The Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Bill 2022 introduces a new... |
Pop culture centre in the works14-12-2022
Our country has indicated clear support for Hong Kong to develop into an East‑meets‑West centre for international cultural exchange. This is not only a clear recognition of Hong Kong's unique position as a cultural crossroad cosmopolitan city and the vibrant arts and cultural development over the years, bu... |
CE chairs development meetings14-12-2022
Chief Executive John Lee chaired on two consecutive days the first meetings of the Steering Group on Integration into National Development and the Steering Committee on the Northern Metropolis. At the Steering Committee on the Northern Metropolis’ first meeting held today, Mr Lee said the Northern Metr... |
HK resilient amid uncertainties13-12-2022
Over the past 20 years, the Chamber of Hong Kong Listed Companies has made immense contributions to enhancing Hong Kong’s position as an international financial centre. By strengthening collaboration and communication between listed companies and financial regulators as well as the Government, the chamber ha... |
New building automation encouraged13-12-2022
Indeed, infrastructure and construction have long been indispensable to the sustainable economic development of Hong Kong. Last year, counting both public and private sectors, our construction output totalled some HK$240 billion – that is nearly US$31 billion. That, ladies and gentlemen, accounted for ... |
Green finance training supported13-12-2022
(To watch the full press conference with sign language interpretation, click here.) The Government today launched the Pilot Green & Sustainable Finance Capacity Building Support Scheme to encourage local practitioners and prospective practitioners to receive training related to green an... |
HK welcomes WTO rulings10-12-2022
The Hong Kong Special Administrative Region Government today welcomed the rulings made yesterday by the panels established under the World Trade Organization's (WTO) Dispute Settlement Body (DSB) that the US' imposition of global tariffs on steel and aluminium imports is inconsistent with WTO rules. The ... |
FS meets WTO Director-General10-12-2022
Financial Secretary Paul Chan today had a breakfast meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala, where he introduced Hong Kong's latest economic and trade developments. Noting that Hong Kong is stepping towards normalcy, Mr Chan said the Hong Kong Special Administrati... |
Tan Dun named cultural ambassador8-12-2022
Secretary for Culture, Sports & Tourism Kevin Yeung has appointed Chinese composer, musician and conductor Tan Dun as Ambassador for Cultural Promotion for five years starting January 1, 2023.
As Ambassador for Cultural Promotion, Mr Tan will initiate large-sc... |
Foreign currency reserves up7-12-2022
Hong Kong's foreign currency reserve assets rose to US$423.2 billion in November from October's US$417.2 billion, the Monetary Authority announced today. The reserve assets represent over five times the currency in circulation or about 42% of Hong Kong dollar M3. There were no unsettled foreign exc... |
Anti-money laundering bill passed7-12-2022
Secretary for Financial Services & the Treasury Christopher Hui welcomed the Legislative Council's passage of the Anti-Money Laundering & Counter-Terrorist Financing (Amendment) Bill 2022 today. The bill reinforces Hong Kong’s status as an international financial centre by enhancing the city’... |
Insurance development roadmap set5-12-2022
The Government today issued a development roadmap for the insurance sector in Hong Kong, outlining its visions and missions as well as targeted policy measures to consolidate the city's status as a global risk management centre and sophisticated insurance hub. It will work closely with the Insurance... |
HK back stronger than ever: CE5-12-2022
This is the fifth consecutive year that the Insurance Authority has hosted the Asian Insurance Forum. A warm welcome to the industry leaders, experts and guests from near and far joining us here in person as well as online. We are all here to share insights into development prospects and opportunities for the ... |
Embracing change for growth5-12-2022
It has been five years since I last spoke at this yearly gathering of the Institute. Thank you for giving me the opportunity to be with you again. In fact, being among you is always a homecoming of some sort, bringing back a lot of fond memories. It is an opportunity to look back. So much to look back to... |
Devoting efforts on trade partnership3-12-2022
At the heart of the Belt & Road Initiative lies the five co-operation priorities that we all know: enhancing policy co-ordination, strengthening infrastructural facilities connectivity, facilitating unimpeded trade, deepening financial integration and building people-to-people bonds. Hong Kong, with ... |
Property sales down 16.4%2-12-2022
The Land Registry recorded 3,713 sale and purchase agreements for all building units received for registration in November, down 16.4% compared with October and 48.7% lower year-on-year. The total consideration for such agreements fell 7.7% from October to $30.2 billion in November while a 52% year-on-ye... |
Charting the insurance sector's future2-12-2022
Life is as unpredictable as weather. My infection with COVID-19 last week had instantly overturned my life and work schedules. It also drove me to reflect on the importance of risk management, which is essential to people, the economy and the society. One of the key functions of the financial market is to... |
Govt to step up IP rights protection1-12-2022
Good morning from Hong Kong, and good day from wherever in the wide world of intellectual property (IP) you are joining us, for the 12th Business of Intellectual Property Asia Forum. For the first time in three years, day one of the forum takes place in person. And, of course, you can take it all in... |
Views invited on product safety1-12-2022
The Government is inviting citizens to submit their views on its proposed updates to Schedule 2 to the Toys & Children’s Products Safety Ordinance in order to implement up-to-date safety standards promulgated by the relevant standards institutions for four classes of children’s ... |
Oct retail sales up 3.9%1-12-2022
The value of total retail sales in September, provisionally estimated at $31.9 billion, edged up by 3.9% compared with the same month in 2021, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volume... |
Tech chief visits manufacturing centre1-12-2022
Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Advanced Manufacturing Centre (AMC) and toured two enterprises there as well as a financial data centre nearby. Under Secretary for Innovation, Technology & Industry Lillian Cheong and Commissioner for Innovation &... |
CE meets world IP chief30-11-2022
Chief Executive John Lee today met World Intellectual Property Organization Director General Daren Tang who is visiting Hong Kong to attend the upcoming Business of Intellectual Property (IP) Asia Forum. The forum, to be held on December 1 and 2, is one of the signature events celebrating the 25th annive... |
Mortgage loans down 4.7%30-11-2022
Residential mortgage loans approved in October decreased 4.7% compared with September to $32.5 billion, the Monetary Authority announced today. Mortgage loans financing primary market transactions rose 14.6% to $7.8 billion, while those financing secondary market transactions dropped 3% to $15.5 billion.... |
$275.7b deficit recorded30-11-2022
The Government today announced that it recorded a $275.7 billion deficit for the first seven months of the current financial year. Expenditure for the period was $467.6 billion and revenue was $171.9 billion. A deficit was recorded after taking into account the proceeds of $20 billion received from the i... |
Seminar held for HK enterprises30-11-2022
The Commerce & Economic Development Bureau today held a seminar to raise Hong Kong enterprises' understanding of the latest developments of the Mainland's Economic & Trade Co-operation Zones (ETCZs) in Vietnam, Indonesia and Laos. The event was jointly organised with the Commercial Offi... |
Govt organises finance talk29-11-2022
Asian Infrastructure Investment Bank (AIIB) President Jin Liqun delivered a talk jointly organised by the Financial Services & the Treasury Bureau and the Civil Service College today. Some 100 senior civil servants and staff from the bureau's Working Group on Integration into National Development par... |
Customs promotes trade facilitation29-11-2022
The Customs & Excise Department held the Hong Kong Authorized Economic Operator (AEO) Programme 10th Anniversary Celebration Ceremony today and presented certificates to 29 new members of the programme and presented Hong Kong AEO Programme Partnership Scheme Awards. With "Bringing In & Going Glob... |
Oct exports down 10.4%28-11-2022
The value of Hong Kong’s total goods exports fell to $374.7 billion in October, down 10.4% compared with the same month last year, the Census & Statistics Department announced today. The value of goods imports dropped 11.9% to $395.5 billion for the same period. A trade deficit of $20.9 billi... |
GD, HK boost IP co-operation28-11-2022
Guangdong and Hong Kong today endorsed the co-operation projects on intellectual property (IP) rights protection from mid-2022 to the end of 2023. The Guangdong/Hong Kong Expert Group on the Protection of Intellectual Property Rights agreed to continue to strengthen the mutual collaboration and developme... |
83 companies commended28-11-2022
Eighty-three local companies were commended at the 2021-22 Hong Kong Awards for Industries presentation ceremony today. Speaking at the ceremony, Chief Secretary Chan Kwok-ki said the Government will strengthen efforts to foster re-industrialisation and support Hong Kong's industries to develop advanced ... |
Song mix-up unlikely a political move26-11-2022
Secretary for Culture, Sports & Tourism Kevin Yeung today said there is no evidence to suggest at this stage, that the wrong song being played at a rugby tournament was politically motivated. Speaking to reporters, Mr Yeung explained his statement which was made during a radio programme: “What... |
Christopher Hui contracts COVID-1926-11-2022
Secretary for Financial Services & the Treasury Christopher Hui has tested positive for COVID-19 through a polymerase chain reaction-based nucleic acid test. He is undergoing isolation in accordance with the Centre for Health Protection's guidelines. The Financial Services & the Treasury Bu... |
HK set for virtual assets25-11-2022
Our banking sector is clearly our pride and a gem in contributing to Hong Kong’s status as an international financial centre (IFC). We are, after all, one of the world’s largest international banking centres. By our latest count, 77 of the top 100 global banks are operating in Hong Kong. At the end of Augu... |
Survey on non-HK firms released24-11-2022
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... |
Views invited on trade pact24-11-2022
The Government is inviting citizens to offer their views after it launched a one-month public consultation today on the negotiation of a bilateral free trade agreement (FTA) with Peru. It explained that the aim of the consultation is to solicit views on areas of interest to the Hong Kong business communi... |
Help for tourism industry expanded23-11-2022
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 positive23-11-2022
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 gateway22-11-2022
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 Thailand21-11-2022
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 October21-11-2022
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 reach21-11-2022
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 stories19-11-2022
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 set18-11-2022
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 meeting17-11-2022
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... |
HK, Peru start trade pact talks16-11-2022
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... |
ICT Awards winners announced16-11-2022
The Hong Kong Information & Communications Technology (ICT) Awards 2022 presentation ceremony was held today, during which Acting Financial Secretary Michael Wong presented the Award of the Year to the Airport Authority Apart from winning the Smart Mobility Grand Award, the authority exce... |
LeaveHomeSafe app awarded16-11-2022
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 official16-11-2022
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... |
New TV channel launches Nov 2115-11-2022
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 summit15-11-2022
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 network15-11-2022
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 meetings15-11-2022
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 summit14-11-2022
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... |
R&D funding scheme opens14-11-2022
The Innovation & Technology Commission (ITC) is inviting applications for the 2022 Guangdong-Hong Kong Technology Cooperation Funding Scheme until January 13, 2023. There are three categories of projects under the scheme. The first category covers projects funded by the Innovation &... |
Exchange Fund foreign assets dip14-11-2022
The Exchange Fund’s foreign assets decreased $13.8 billion to $3.4617 trillion in October, the Monetary Authority announced today. The monetary base amounted to $1.9023 trillion, while claims on the private sector in Hong Kong amounted to $275.6 billion, it said. ... |
FS to attend G20 summit12-11-2022
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 strengths9-11-2022
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... |
Systems’ differences not unresolvable8-11-2022
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... |
Plans set to allow more activities8-11-2022
(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... |
Business funding schemes enhanced7-11-2022
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... |
Foreign currency reserves down7-11-2022
Hong Kong’s foreign currency reserve assets dropped to US$417.2 billion in October from September’s US$419.2 billion, the Monetary Authority announced today. The reserve assets represent over five times the currency in circulation or about 41% of Hong Kong dollar M3. There were no unsettled for... |
HK, Mauritius sign tax pact7-11-2022
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 set7-11-2022
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... |
HK has extensive advantages: CE5-11-2022
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... |
HK takes part in import expo4-11-2022
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... |
Govt devoted to construction industry4-11-2022
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... |
Stock market monitored daily3-11-2022
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 concludes3-11-2022
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... |
Govt monitors market volatility3-11-2022
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, ... |
FS regarded as recovered case3-11-2022
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... |
Base rate raised to 4.25%3-11-2022
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... |
Economic growth can be attained: FS3-11-2022
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 followed3-11-2022
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 Mainland3-11-2022
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,... |
Super-connector role assured2-11-2022
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 summit1-11-2022
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: CE2-11-2022
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... |
HK to become top green finance hub2-11-2022
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... |
Sun Dong introduces I&T initiatives1-11-2022
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 ... |
Financial leaders' summit kicks off1-11-2022
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... |
Sept retail sales up 0.2%1-11-2022
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... |
Virtual asset policy stated31-10-2022
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... |
App facilitates driving licence renewal31-10-2022
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 ready31-10-2022
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 HK31-10-2022
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 development31-10-2022
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 growth31-10-2022
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 Q331-10-2022
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... |
Green tour incentive scheme boosted28-10-2022
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-1927-10-2022
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... |
Paul Chan visits Saudi Arabia26-10-2022
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 ... |
Business tax bill to be gazetted26-10-2022
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 passed26-10-2022
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... |
Govt monitoring stock market closely25-10-2022
(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 Bahrain25-10-2022
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... |
Sept exports value down 9.1%25-10-2022
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 $... |
Paul Chan starts visit to Bahrain24-10-2022
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 extended24-10-2022
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 ... |
SZ, Hainan govt bonds to go on sale24-10-2022
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 highlighted24-10-2022
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. ... |
FS opens InnoCarnival22-10-2022
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... |
FS to depart for Middle East visit21-10-2022
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: Govt21-10-2022
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 enterprises21-10-2022
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: CE21-10-2022
Chief Executive John Lee today said Hong Kong has the right ingredients and qualities to attract talent and enterprises to the city. Mr Lee 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... |
4.4% inflation in September21-10-2022
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... |
Treasury chief attends APEC meeting20-10-2022
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... |
Local tour incentive scheme launched20-10-2022
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... |
New fund to attract overseas firms19-10-2022
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 Hong Kong. In his address, the Chief Executive proposed to set aside $30 billion from the Fu... |
Turning HK into a super hub19-10-2022
(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... |
Govt to attract more enterprises to HK19-10-2022
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 HK19-10-2022
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&... |
Leverage HK's tech strengths18-10-2022
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... |
Christopher Hui to visit Bangkok18-10-2022
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... |
HK strives to attract investment17-10-2022
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... |
SFC non-executive director named17-10-2022
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... |
Fintech week details unveiled13-10-2022
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 (... |
Exchange Fund foreign assets drop14-10-2022
The Exchange Fund’s foreign assets decreased $100.5 billion to $3.4756 trillion in September, the Monetary Authority announced today. The monetary base amounted to $1.9316 trillion, while claims on the private sector in Hong Kong amounted to $285.5 billion, it said. ... |
Investment promotion week set14-10-2022
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... |
Tech chief tours smart govt display13-10-2022
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 partners11-10-2022
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 flexible8-10-2022
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... |
Foreign currency reserves dip7-10-2022
Hong Kong's foreign currency reserve assets dropped to US$419.2 billion in September from August’s US$431.8 billion, the Monetary Authority announced today. The reserve assets represent over five times the currency in circulation or about 41% of Hong Kong dollar M3. There were no unsettled foreig... |
Kevin Yeung lauds actor Tony Leung6-10-2022
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... |
Property sales down 7.7%5-10-2022
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... |
InnoCarnival to be staged5-10-2022
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... |
RMB stock trading backed3-10-2022
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 set2-10-2022
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 disbursed1-10-2022
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... |
$183b deficit recorded30-9-2022
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... |
Aug retail sales dip 0.1%30-9-2022
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
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. ... |
Treasury chief lauds ADB support29-9-2022
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 to embrace opportunities: FS28-9-2022
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 meeting28-9-2022
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 set for tax reform measures28-9-2022
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... |
Latest Business News
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Govt shares festive joy with citizens 22-1-2023
The Chinese New Year Home Visit Programme co-ordinated by the Home Affairs Department continued today with principal offi...
Principal officials send blessings 21-1-2023
Principal officials of the Government will pay visits to grassroots families in different districts for three consecutive...
HK sees 2% inflation in Dec 20-1-2023
Overall consumer prices rose 2% in December 2022 year-on-year, a larger increase than 1.8% in November 2022, the Census &...
FS concludes trip in Davos 20-1-2023
Financial Secretary Paul Chan entered the last day of his visit to Davos in Switzerland yesterday for the ...