Hong Kong Business News
香港商業資訊
News Article List |
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Xia Baolong inspects tech park10-2-2025
CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong visited the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone on February 9. This was followed by a tour of the Q... |
Digital tools drive SME growth6-2-2025
The Digital Transformation Support Pilot Programme, operated by Cyberport with a funding allocation of $500 million from the Government, aims to accelerate the digital transformation of local small and medium enterprises (SMEs). The programme provides funding support on a 1:1 matching basis for SMEs to ... |
Govt to file complaint with WTO7-2-2025
In response to the recent announcement by the US to impose an additional 10% duty on Hong Kong products, the Hong Kong Special Administrative Region Government has decided to file a complaint with the World Trade Organization (WTO). |
New Industrialisation project backed5-2-2025
The Innovation & Technology Commission (ITC) today announced that the New Industrialisation Vetting Committee has, for the first time, given its support to an application under the New Industrialisation Acceleration Scheme (NIAS). If approved by the Commissioner for Innovation & Technology, fund... |
US additional duty rejected5-2-2025
The Hong Kong Special Administrative Region Government today expressed strong disapproval of the imposition of additional 10% duty on Hong Kong products set out in the Federal Register notice of the US Customs & Border Protection and the Department of Homeland Security, and the temporary suspension of inbo... |
Property sales dip 10.4%4-2-2025
The Land Registry logged 4,938 sale and purchase agreements for all building units received for registration in January, down 10.4% compared with December 2024 and up 12.2% year-on-year. The total consideration for such agreements in January dropped 14.2% from the previous month to $36.7 billion, represe... |
Economy grows 2.5% in 20243-2-2025
Hong Kongâs economy in the fourth quarter of 2024 increased 2.4% year-on-year, and grew 2.5% for 2024 as a whole. The Census & Statistics Department announced the figures today as it released its advance estimates on gross domestic product (GDP) for the fourth quarter and the whole of 2024. <... |
Retail sales down 9.7% in December3-2-2025
The value of total retail sales for December, provisionally estimated at $32.8 billion, was 9.7% less than in the same month a year earlier, the Census & Statistics Department announced today. After netting out the effects of price changes over the same period, the provisional estimate represents an ... |
Bay area opportunities abound27-1-2025
There are a multitude of insole products on the market, but those designed specifically for foot shapes that cater to locals are rare. This is why Hong Kong youngster Mike Lo launched his own brand, aiming to create insoles that meet the precise needs of users. Mikeâs vision extends beyond local de... |
Officials pay festive visits28-1-2025
Principal officials, accompanied by District Officers, District Council members and District Services & Community Care Team members, paid visits to elderly and grassroots households in Kwun Tong, Eastern, Sham Shui Po and Wong Tai Sin Districts today. By distributing gifts in celebration of the Lunar... |
Apology issued over loss of tapes27-1-2025
The Official Receiverâs Office (ORO) today expressed its sincere apologies over the loss of seven magnetic backup tapes on December 23 last year, and the delay in reporting the incident. The ORO received a report on January 22 that the magnetic backup tapes were lost in transit from the Immigration ... |
CE kicks off year-end caring visits25-1-2025
With the Lunar New Year just around the corner, the Governmentâs principal officials started travelling to all 18 districts throughout the city today to visit different families for four consecutive days and distribute blessing bags in celebration of the festival. The year-end caring visits in 18 di... |
Terms set for exhibition incentives24-1-2025
The Commerce & Economic Development Bureau today announced arrangements for the Incentive Scheme for Recurrent Exhibitions (ISRE) 2.0. As stated in the 2024 Policy Address, the Government will allocate an additional provision of $500 million to implement the ISRE 2.0, in light of the convention and e... |
Billiards hall restrictions relaxed24-1-2025
The Leisure & Cultural Services Department announced today that applications will be considered from licensed billiards establishments for a relaxation of entry restrictions for youngsters. Applications can be made from February 25. The relaxations would include lowering the minimum age for entry to ... |
FS concludes Davos visit24-1-2025
Financial Secretary Paul Chan concluded his visit to Davos, Switzerland, by attending thematic meetings at the World Economic Forum (WEF) Annual Meeting and convening with political, business and financial leaders from around the globe. In the morning, Mr Chan participated in a discussion session titled ... |
IMF endorses HK financial system23-1-2025
The International Monetary Fund (IMF) today published a report that reaffirms Hong Kongâs position as an international financial centre. Prepared following the conclusion of the IMF Executive Boardâs "2024 Article IV consultation" with Hong Kong, the report recognises that Hong Kongâ... |
HK's financial system endorsed by IMF23-1-2025
The International Monetary Fund (IMF) today published a report that reaffirms Hong Kongâs position as an international financial centre. Prepared following the conclusion of the IMF Executive Boardâs "2024 Article IV consultation" with Hong Kong, the report recognises that Hong Kongâ... |
FS promotes HK's new advantages23-1-2025
Financial Secretary Paul Chan held bilateral meetings with government officials and business leaders from various countries to promote Hong Kong's new advantages on his third day at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. He actively participated in collaborative activities a... |
FS begins Davos schedule21-1-2025
Financial Secretary Paul Chan arrived in Davos, Switzerland, yesterday morning to attend the World Economic Forum Annual Meeting 2025. Upon his arrival, Mr Chan had lunch with representatives of several large-scale financial, transportation, industrial and technology enterprises in Europe, America, the M... |
Inflation at 1.4% in December21-1-2025
Overall consumer prices rose 1.4% year-on-year in December, the same increase as in November, the Census & Statistics Department announced today. Netting out the effects of the Governmentâs one-off relief measures, underlying inflation was 1.3%, slightly larger than that recorded in November. |
Record-breaking year for InvestHK20-1-2025
Invest Hong Kong (InvestHK) announced that it achieved a record-breaking year for foreign direct investment in 2024 by assisting 539 overseas and Mainland companies to set up or expand operations in Hong Kong, an increase of 41% year-on-year. The total investment brought to Hong Kongâs economy from ... |
HK approved as metal delivery point20-1-2025
The Government today welcomed the London Metal Exchange (LME), a subsidiary of Hong Kong Exchanges & Clearing (HKEX), approving Hong Kong as a delivery point within the LMEâs global warehousing network and accepting applications from warehouse operators to store LME-registered brands of metals. ... |
FS to attend World Economic Forum19-1-2025
Financial Secretary Paul Chan will depart tomorrow for Davos, Switzerland, to attend the World Economic Forum Annual Meeting. Taking place from January 20 to 24, this yearâs meeting, themed âCollaboration for the Intelligent Ageâ, covers topics such as rebuilding trust internationally and ... |
145k firms newly registered in 202417-1-2025
The total number of local companies registered in Hong Kong stood at 1,460,494 at the end of 2024, with 145,053 having been newly registered during the year, the Companies Registry announced today. In 2024, altogether 1,079 non-Hong Kong companies registered a newly established place of business in Hong ... |
I&T fund views sought15-1-2025
The Innovation, Technology & Industry Bureau and the Innovation & Technology Commission today invited the market to submit expressions of interest (EOI) for the Innovation & Technology Industry-Oriented Fund (ITIF). The invitation outlines the preliminary proposed ITIF framework to facilitate... |
Sun Dong concludes Shanghai visit15-1-2025
Secretary for Innovation, Technology & Industry Prof Sun Dong visited various technology facilities on the final day of his Shanghai trip today. Prof Sun explored the Zhangjiang Science City's Life Science Hub to discover more about the three 10-year development history of an innovative research and ... |
AI a new engine for economic growth14-1-2025
The 18th Asian Financial Forum (AFF) continued today at the Convention & Exhibition Centre with a keynote luncheon on the development, application and governance of artificial intelligence (AI). Prof Stuart Russell, Co-chair of the World Economic Forumâs Council on AI, delivered a keynote speech... |
CE meets forum speakers14-1-2025
Chief Executive John Lee today met another visiting senior official of a foreign government who was one of the speakers at the 18th Asia Financial Forum. Mr Lee met Chairman of the Cabinet of Ministers - Head of the Presidential Administration of the Kyrgyz Republic Adylbek Kasymaliev this afternoon. ... |
Tech chief tours Shanghai university14-1-2025
Secretary for Innovation, Technology & Industry Prof Sun Dong visited Shanghai Jiao Tong University (SJTU) today. In the morning, Prof Sun toured the university's GrandneoBay Sci-tech Innovation Park and the 1km Incubator exhibition hall. Prof Sun received a briefing on the construction and dev... |
Saudi visa-on-arrival for HK citizens14-1-2025
From January 15, Hong Kong Special Administrative Region passport holders can apply for a tourist visa upon arrival through six designated control points in Saudi Arabia, the Immigration Department announced today. The tourist visa can be either a single-entry visa for a maximum stay of 30 days, or a mul... |
Gulf-HK financial ties explored14-1-2025
The first-ever Gulf Cooperation Council (GCC) Chapter was successfully held at the Asian Financial Forum today to explore further collaboration between Hong Kong and the GCC countries in the financial services sector. Secretary for Financial Services & the Treasury Christopher Hui and GCC Secret... |
HK maintains stability, prosperity13-1-2025
The 18th Asian Financial Forum (AFF), co-organised by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council (HKTDC), opened at the Convention & Exhibition Centre today. Themed âPowering the Next Growth Engineâ, about 3,600 financial and bus... |
Sun Dong tours Shanghai, Suzhou13-1-2025
Secretary for Innovation, Technology & Industry Prof Sun Dong began his visit to Shanghai and Suzhou today. In the morning, Prof Sun visited the Shanghai Artificial Intelligence Laboratory, where he was briefed on the construction of this national laboratory's permanent base, its research frontiers a... |
Finance, business key to growth: CE13-1-2025
Good morning. Welcome to Hong Kong and the 18th Asian Financial Forum. I am delighted to join you today - some 3,600 of you from more than 50 countries and regions. You are influential financial and business leaders, investors and entrepreneurs, senior policymakers, academics, economists, and a great man... |
Opportunities for all in HK: FS13-1-2025
We have been witnessing a rapidly changing global political and economic landscape. Higher for longer interest rates, geopolitical tensions, regional conflicts and climate change are expected to pose more uncertainty and volatility in the global economy and financial markets. Clearly, the seat belt sign is on,... |
Sun Dong to visit Shanghai, Suzhou12-1-2025
Secretary for Innovation, Technology & Industry Prof Sun Dong will depart for a visit to Shanghai and Suzhou today to strengthen Hong Kong's co-operation in innovation and technology (I&T) with such cities. |
Tourism committee meeting held10-1-2025
The Tourism Strategy Committee held its third meeting today to discuss the newly announced Development Blueprint for Hong Kongâs Tourism Industry 2.0 (Blueprint 2.0) and Blueprint for Arts & Culture & Creative Industries Development. Secretary for Culture, Sports & Tourism Rosanna Law, w... |
"Immersive Hong Kong" exhibition a success in Dubai10-1-2025
To introduce to the people of the Middle East the unique potential for business, investment and tourism in Hong Kong, the Information Services Department (ISD) has staged the "Immersive Hong Kong" roving exhibition in Dubai, United Arab Emirates (UAE), during the year-end festive season, attracting over 200,00... |
Fiscal consolidation path recognised10-1-2025
The International Monetary Fund (IMF) recognised Hong Kong's position as an international financial centre and fiscal consolidation path in its concluding statement released today. The IMF Staff Mission published its assessment on the concluding statement after the completion of the 2024 Article IV Consu... |
FS promotes HK-ASEAN ties9-1-2025
Financial Secretary Paul Chan today met Ambassador Extraordinary & Plenipotentiary of the Peopleâs Republic of China to the Association of Southeast Asian Nations (ASEAN) Hou Yanqi, and an ASEAN top official in Jakarta. In the morning, Mr Chan called on Ms Hou to learn about the connections and ... |
FS begins visit to Indonesia9-1-2025
Financial Secretary Paul Chan promoted Hong Kongâs advantages and opportunities at a symposium attended by local leaders from various sectors on the first day of a visit to Jakarta, Indonesia. At the Think Business, Think Hong Kong Symposium, organised by the Hong Kong Trade Development Council (HKT... |
Companies amendment bill passed8-1-2025
The Government welcomed the Legislative Council's passage of the Companies (Amendment) Bill 2024 today to enable listed companies incorporated in Hong Kong to hold shares bought back in the treasury and dispose of them under certain restrictions, and promote paperless corporate communication for both listed an... |
'Concerts to bring economic benefits'8-1-2025
With the commissioning of the Kai Tak Sports Park (KTSP), more large-scale concerts bringing significant economic benefits can be held in Hong Kong, Secretary for Culture, Sports & Tourism Rosanna Law said today. Replying to questions from legislator Chow Man-kong in the Legislative Council, Miss Law... |
1 residential site set for sale7-1-2025
(To watch the full media session with sign language interpretation, click here.) Secretary for Development Bernadette Linn today announced that the Government will put up for tender a residential site in Tung Chung, providing a supply of about 745 flats. Unveiling the Land Sale Programme for... |
New investment scheme enhanced7-1-2025
The Government today announced enhancement measures for the New Capital Investment Entrant Scheme (New CIES) which will take effect on March 1, including the relaxation of the applicants' asset assessment and calculation requirements. With the enhancements, an applicant under the New CIES is only ... |
15 pre-sale consents issued in Q47-1-2025
The Lands Department announced today that it issued 15 pre-sale consents for residential developments involving 8,114 units in the fourth quarter of 2024. Among the residential developments, 13 are phased developments. One of the developments in Kowloon Tong involving three phases providing ... |
FS to promote HK in Indonesia6-1-2025
Financial Secretary Paul Chan will tomorrow depart for Indonesia, where he will attend a symposium and dinner in Jakarta on Wednesday to promote Hong Kongâs roles and advantages as a "super connector" and "super value-adder". Mr Chan will also highlight how Hong Kong can help Indonesian enterprises ... |
3 sports events awarded âMâ Mark3-1-2025
The Major Sports Events Committee today said it awarded "M" Mark status to the Bank of China (Hong Kong) Hong Kong-Zhuhai-Macao Bridge (HK Section) Half Marathon, 2025 IBF World Cup and IBF Para Bowling World Championships.
Committee Chairman Wilfred Ng s... |
Nov retail sales down 7.3%2-1-2025
The value of total retail sales in November, provisionally estimated at $31.7 billion, decreased 7.3% 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... |
Mortgage loans up 27.7%31-12-2024
The value of residential mortgage loans approved in November was $24.2 billion, a 27.7% increase compared with October, the Monetary Authority announced today. Mortgage loans financing primary market transactions increased 46.2% to $7.9 billion, while those financing secondary market transactions rose 20... |
Alerts to help with suspicious calls30-12-2024
The Office of the Communications Authority (OFCA) today announced that, starting from tomorrow, local mobile service providers will send voice alerts to users of local mobile and fixed services when they pick up calls made from newly activated local pre-paid SIM cards. The move is aimed at encouraging the publ... |
Startup ecosystem hits new heights27-12-2024
Hong Kong's startup ecosystem has been steadily maturing in recent years, leading to a surge in early-stage firms with significant potential. According to the latest statistics from Invest Hong Kong (InvestHK), the number of startups in the city reached a record high of 4,694 this year, a 10% increase c... |
10% rise in non-local firms hailed20-12-2024
According to the latest annual survey jointly conducted by Invest Hong Kong (InvestHK) and the Census & Statistics Department, this year Hong Kong hosted 9,960 firms with parent companies located outside of the city, a record high number and a 10% increase on the previous year. Meanwhile, the numbe... |
November sees 1.4% inflation20-12-2024
Overall consumer prices rose 1.4% year-on-year in November, the same increase as in October, the Census & Statistics Department announced today. Netting out the effects of the Governmentâs one-off relief measures, underlying inflation was 1.2%, also the same as in October. Compared with No... |
Sun Dong promotes cybersecurity19-12-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong today officiated at the Cybersecurity Symposium 2024 and shared the latest government efforts in safeguarding cybersecurity in Hong Kong. The symposium was co-organised by the Digital Policy Office (DPO) and the Hong Kong Internet Registra... |
Base rate lowered to 4.75%19-12-2024
The Monetary Authority announced today that it has decreased the base rate to 4.75% with immediate effect. The decrease, according to a pre-set formula, follows a 25-basis point downward adjustment in the target range for the US federal funds rate on December 18. The base rate is the interest rate ... |
Carbon credits settlement welcomed18-12-2024
The Financial Services & the Treasury Bureau today said it welcomes Cathay Pacific Airwaysâ settlement of 50,000 tonnes of voluntary carbon credits using Core Climate, a carbon marketplace on the Hong Kong Exchanges & Clearing. The transaction is part of the carrierâs voluntary carbon o... |
Gold market working group set up18-12-2024
The Government today announced the establishment of the Working Group on Promoting Gold Market Development. The move follows the Chief Executive's announcement in the 2024 Policy Address to establish a working group under the Financial Services & the Treasury Bureau to comprehensively review all aspe... |
Budget to reflect public views: CE17-12-2024
(To watch the media session with sign language interpretation, click here.) Chief Executive John Lee said today that Financial Secretary Paul Chan will consider all the opinions gathered by public consultation as he prepares next yearâs Budget. Ahead of the Executive Council meeting thi... |
Company figures reach record high17-12-2024
The Government today announced that the number of companies in Hong Kong with overseas or Mainland parent companies rose to 9,960 in 2024, while the number of startups in Hong Kong increased to 4,694, both reaching record highs. The figures were released in the 2024 Annual Survey of Companies in Hong ... |
79 companies awarded16-12-2024
Seventy-nine local companies were commended today at the 2023-24 Hong Kong Awards for Industries Presentation Ceremony. Chief Executive John Lee addressed the ceremony in a video message, while Deputy Chief Secretary Cheuk Wing-hing attended it as an officiating guest. In his message, Mr Lee commen... |
Public consultation on Budget starts15-12-2024
The public consultation exercise for the 2025-26 Budget has started, the Government announced today. Financial Secretary Paul Chan stressed that Hong Kong must manage public finances more prudently in light of a continuously uncertain external environment, a complex and changing global political and econ... |
Infrastructure bond results released13-12-2024
The Government today announced the subscription and allocation results for its retail infrastructure bond. In all, 127,594 valid applications were received for a total of $17.77 billion in principal amounts of bonds. Applicants seeking 100 or fewer lots will be awarded in full, while those seeking ... |
HK commits to crypto-asset reporting13-12-2024
The Government informed the Global Forum on Transparency & Exchange of Information for Tax Purposes of the Organisation for Economic Co-operation and Development (OECD) today of Hong Kong's commitment to implementing the Crypto-Asset Reporting Framework (CARF) for enhancing international tax transparency a... |
HK strengths promoted in Indonesia13-12-2024
Secretary for Financial Services & the Treasury Christopher Hui concluded his visit to Jakarta by meeting Financial Services Authority of Indonesia Chairman of the Board of Commissioners Mahendra Siregar today. They shared insights on boosting the development of virtual assets and other new financial... |
Tech voucher programme to end13-12-2024
The Innovation & Technology Commission announced today that the Technology Voucher Programme (TVP) will cease accepting applications after December 31.
The Innovation & Technology Fund (ITF), set up more than 20 years ago, has made significant contributi... |
Elders digital inclusion scheme set13-12-2024
The Social Innovation & Entrepreneurship Development Fund (SIE Fund) today launched the "Smart Silver" Digital Inclusion Programme for Elders, starting a new chapter in the pursuit of digital inclusion for the elderly. Among the guests at the launch ceremony were 75 elderly volunteers who join... |
GBA business conference held11-12-2024
The two-day Second Business Conference on Guangdong-Hong Kong-Macao Greater Bay Area Development opened today at the Convention & Exhibition Centre. It attracted about 1,000 business leaders and representatives of enterprises from Hong Kong, Guangdong and Macau, as well as from other Mainland cities ... |
Christopher Hui starts Indonesia visit11-12-2024
Secretary for Financial Services & the Treasury Christopher Hui today started his visit to Jakarta, Indonesia by meeting financial officials and industry leaders to strengthen financial co-operation between Hong Kong and Indonesia. At his meeting with Indonesian Ministry of the State-Owned Enterprise... |
Disclosure roadmap launched10-12-2024
The Government today launched a roadmap on sustainability disclosure in Hong Kong. The roadmap sets out Hong Kong's approach to require publicly accountable entities (PAEs) to adopt the International Financial Reporting Standards - Sustainability Disclosure Standards (ISSB Standards). It provides a well-... |
Christopher Hui to visit Indonesia10-12-2024
Secretary for Financial Services & the Treasury Christopher Hui will depart on a visit to Jakarta today and return to Hong Kong on December 13. Mr Hui will attend and speak at a lunch seminar jointly organised by the Hong Kong Economic & Trade Office in Jakarta, the Indonesia Chamber of Commerce ... |
Open Lab boosts textile sustainability5-12-2024
With the increasing awareness of environmental protection, people nowadays want to live a greener lifestyle, which makes the sustainable development of the textile and fashion industry that much more of a concern. In the view of this trend, The Hong Kong Research Institute of Textiles & Apparel (HKRI... |
Stablecoins issuer regulation mooted6-12-2024
The Stablecoins Bill, which seeks to put in place a regulatory regime for issuers of fiat-referenced stablecoins (FRS) in Hong Kong, was published in the Government Gazette today. The Government made the announcement and explained that bill aims to enhance the regulatory framework for virtual asset (VA) ... |
Algernon Yau visits Xinjiang5-12-2024
Leading a business delegation to visit Urumqi, Xinjiang, Secretary for Commerce & Economic Development Algernon Yau today met CPC Xinjiang Uyghur Autonomous Regional Committee Secretary Ma Xingrui in Urumqi. He also met Xinjiang Uyghur Autonomous Region Chairman Erkin Tuniyaz, and Kazakhstan Deputy P... |
Boost for regional IP trading leader5-12-2024
With the support of our country through the National 14th Five-Year Plan, Hong Kong is committed to becoming a regional intellectual property (IP) trading centre. And we are on our way. To illustrate with an example: a Hong Kong-based startup, specialising in electricity-free cooling technology, has attr... |
CE witnesses tech pact signing3-12-2024
Chief Executive John Lee and China Association for Science & Technology (CAST) President Wan Gang today witnessed the signing of the Co-operation Framework Agreement on Supporting Hong Kong in Becoming an International Hub for High-calibre Talents & Jointly Serving High-level Self-reliance in Science &... |
Algernon Yau to visit Xinjiang3-12-2024
Secretary for Commerce & Economic Development Algernon Yau will lead a business delegation to depart for Urumqi in Xinjiang tomorrow to promote Hong Kongâs business opportunities. Mr Yau will meet government officials of Xinjiang and Kazakhstan to strengthen economic and trade co-operation among... |
Views sought on toy safety2-12-2024
The Government today launched a public consultation on the proposed updates to Schedules 1 and 2 to the Toys & Children's Products Safety Ordinance to implement up-to-date safety standards promulgated by the relevant standards institutions for toys and children's products listed in Schedule 2 of the... |
Mega ACE Fund enhanced30-11-2024
The Government today announced details about the enhancement of the operation of the Mega Arts & Cultural Events (ACE) Fund and its application arrangements. Taking into consideration the latest developments in Hong Kong's arts and culture sector and ecology, as well as various views from different p... |
Multiple-entry scheme to resume29-11-2024
The Hong Kong Special Administrative Region Government today said it warmly welcomes and is grateful for the central government's support in resuming the multiple-entry Individual Visit Scheme (IVS) for Shenzhen permanent residents and implementing a new arrangement to expand the multiple-entry IVS to Shenzhen... |
Mortgage loans up 9.5%29-11-2024
The value of residential mortgage loans approved in October was $19 billion, a 9.5% increase compared with September, the Monetary Authority announced today. Mortgage loans financing primary market transactions dropped 2.4% to $5.4 billion, while those financing secondary market transactions rose 14% to ... |
Market participation in devât vital: CE29-11-2024
Hong Kong is a key gateway - a super connector and super value-adder - between the Mainland market and a world of investors. And the Northern Metropolis is a geographical manifestation of this very important role. The Northern Metropolis enjoys an unparalleled geographical advantage of seamlessly connect... |
Oct retail sales down 2.9%29-11-2024
The value of total retail sales in October, provisionally estimated at $32.9 billion, decreased 2.9% 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 ... |
HK delegation concludes GBA trip27-11-2024
The delegation of the Hong Kong Special Administrative Region Government and business sector representatives led by Chief Secretary Chan Kwok-ki concluded a three-day visit to the Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) today. Mr Chan led the delegation from Dongguan to Hu... |
Arts, culture blueprint released26-11-2024
The Government today released the Blueprint for Arts & Culture & Creative Industries Development, which sets out a clear vision, principles and strategic directions for the future development of the arts, culture and creative industries. Promulgating the blueprint at a press conference thi... |
Govt rejects US slander26-11-2024
The Hong Kong Special Administrative Region Government today said it strongly disapproves of and firmly rejects a letter from members of the US House of Representatives to the US Secretary of the Treasury. It strongly disapproved of and firmly rejected the letter's malicious slander of Hong Kong's reputa... |
CS, delegation visit 3 GBA cities26-11-2024
Chief Secretary Chan Kwok-ki today led a delegation of the Hong Kong Special Administrative Region Government and business sector representatives on the second day of a visit to Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). In the morning, the delegation attended the Foshan-Hon... |
Delegation starts GBA visit25-11-2024
A delegation of the Hong Kong Special Administrative Region Government and senior representatives of the business sector, led by Chief Executive John Lee, arrived in Guangzhou today. |
Innotech support scheme opens25-11-2024
The Innovation & Technology Commission is inviting applications for the 2024/25 Innovation & Technology Support Programme (Platform & Seed) from today until February 28, 2025. The programme provides funding support for platform and seed research and development (R&D) projects under... |
Delegation to visit GBA cities22-11-2024
A delegation of the Hong Kong Special Administrative Region Government and senior representatives of business sectors will visit five Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) from November 25 to 27. Chief Executive John Lee will lead the delegation to Guangzhou on November ... |
Innotech talent commended22-11-2024
The Hong Kong ICT Awards 2024 presentation ceremony was held today to recognise and promote outstanding local information and communications technology (ICT) innovations and applications. Financial Secretary Paul Chan presented prizes to the team formed by the Mass Transit Railway (MTR) Corporati... |
Inflation at 1.4% in October21-11-2024
Overall consumer prices rose 1.4% year-on-year in October, a smaller rate of increase than the 2.2% seen in September, the Census & Statistics Department announced today. Netting out the effects of the Governmentâs one-off relief measures, underlying inflation was 1.2%, larger than that recorded... |
Loop development outline announced20-11-2024
The Government promulgated the Development Outline for the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone today. The Innovation, Technology & Industry Bureau explained that the development outline comprehensively and systematically outlines the vi... |
Mega events set for 1st half of 202519-11-2024
At least 93 mega events will be held in Hong Kong in the first half of 2025, Deputy Financial Secretary Michael Wong announced today. At a press conference announcing the calendar of mega events, Mr Wong said the Government will continue to take a proactive role in promoting and attracting differe... |
Algernon Yau hosts trade reception19-11-2024
Secretary for Commerce & Economic Development Algernon Yau today hosted a cocktail reception to update guests on the continuous efforts of the overseas Hong Kong Economic & Trade Offices (ETOs) and the Mainland Offices in promoting Hong Kongâs strengths and opportunities. About 200 guests in... |
Vice Premier attends finance summit19-11-2024
State Council Vice Premier He Lifeng today attended and delivered a keynote speech at the Global Financial Leadersâ Investment Summit held in Hong Kong. Mr He said President Xi Jinping and the central government attach much importance to the development of Hong Kong. He also pointed out that with th... |
CE speaks at APEC meetings17-11-2024
Chief Executive John Lee attended the 31st Asia-Pacific Economic Cooperation (APEC) Economic Leadersâ Meeting in Lima, Peru, where he exchanged views with leaders of other economies. |
Peru trip yields fruitful results: CE17-11-2024
Chief Executive John Lee said his visit to Peru and participation in the Asia-Pacific Economic Cooperation (APEC) meeting achieved three results. |
HK and Peru sign free trade pact16-11-2024
Hong Kong and Peru signed a free trade agreement (FTA) on the sidelines of the Asia-Pacific Economic Cooperation Economic Leadersâ Meeting in Lima, Peru, on November 15. In the witness of Chief Executive John Lee and Peruvian President Dina Boluarte, Secretary for Commerce & Economic Developmen... |
CE starts Peru visit15-11-2024
Chief Executive John Lee started his visit programme to Lima, Peru. Yesterday, he received President Xi Jinping who arrived to attend the Asia-Pacific Economic Cooperation (APEC) Economic Leadersâ Meeting and visit Peru. Mr Lee then called on a firm specialising in alpaca fibres to learn about... |
Algernon Yau joins APEC meeting15-11-2024
Secretary for Commerce & Economic Development Algernon Yau attended the 35th Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting in Lima, Peru, to share Hong Kongâs efforts to promote digitalisation, and inclusive and sustainable growth of trade. At a discussion session titled âIn... |
Retail infrastructure bond launched15-11-2024
The Government today announced the launch of a retail infrastructure bond for subscription by Hong Kong residents. The target issuance size of the bond is $20 billion, with each lot offered at $10,000 and a tenor of three years. Interest will be paid semi-annually at a rate linked to inflation in ... |
HK 7th in digital competitiveness14-11-2024
Hong Kong ranks seventh globally in the latest World Digital Competitiveness Ranking (WDCR) 2024 published by the International Institute for Management Development, up three places from last year, the Government announced today. Among the three factors in WDCR 2024, Hong Kong continued to perform well i... |
Sun Dong chairs tech meeting12-11-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong and Vice Minister of Science & Technology Lin Xin co-chaired the 18th meeting of the Mainland/Hong Kong Science & Technology Co-operation Committee in Xi'an today. Prof Sun also called on Xi'an Municipal Government Mayor Ye Niuping... |
John Lee thanks Xia Baolong12-11-2024
(To watch the full media session with sign language interpretation, click here.) Chief Executive John Lee today thanked CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong for highlighting what he thinks are t... |
CE urges mutual respect relations12-11-2024
(To watch the full media session with sign language interpretation, click here.) Chief Executive John Lee said that all countries and economies should respect the fact that Hong Kong seeks to develop win-win trade relations with the principle of mutual respect. Mr Lee made the statement whil... |
Rosy future for ETF market: FS12-11-2024
The Tracker Fundâs significance extends well beyond its market size and liquidity. It carries a unique historical weight for the Hong Kong financial industry. The creation of the fund was for the orderly and non-disruptive disposal of a substantial portfolio of shares acquired by the Government in a decis... |
Meeting on low-altitude economy held12-11-2024
The Working Group on Developing Low-altitude Economy, headed by Deputy Financial Secretary Michael Wong, convened its first meeting today to discuss the overall strategies and work plan for developing a low-altitude economy (LAE). The working group identified four work directions. First, starting ... |
John Lee to depart for Peru12-11-2024
Chief Executive John Lee will depart for Peru tomorrow to attend the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting and other related activities in Lima. This year, APEC has adopted the theme âEmpower. Include. Growâ, with discussions focused on three priorities that include... |
17 strategic enterprises come to HK11-11-2024
The Office for Attracting Strategic Enterprises (OASES) today hosted the OASES Partnership Signing Ceremony to welcome a new batch of strategic enterprises to set up or expand their operations in Hong Kong. At the ceremony witnessed by Financial Secretary Paul Chan, 17 strategic enterprises signed... |
Sun Dong visits Xi'an11-11-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong, and a delegation he led, began his visit to Xiâan today. He exchanged views on the development of innovation and technology (I&T) in Hong Kong and Shaanxi when he called on CPC Shaanxi Provincial Committee Secretary Zhao Yide and... |
Sun Dong headed to Xiâan10-11-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong will lead a Hong Kong delegation to Xi'an tomorrow for the 18th meeting of the Mainland/Hong Kong Science & Technology Co-operation Committee. The committee is tasked with organising and co-ordinating technological exchange and co-oper... |
Meeting on tourist hotspots held8-11-2024
The Working Group on Developing Tourist Hotspots, led by Deputy Chief Secretary Cheuk Wing-hing, held its first meeting today to discuss how to identify and develop tourist hotspots of high popularity and with strong appeal in various districts. Hong Kong is a cosmopolitan city endowed with a wealth of ... |
SFST concludes Swiss visit8-11-2024
Secretary for Financial Services & the Treasury Christopher Hui met Swiss financial officials and top management of the International Institute for Management Development (IMD) in Bern and Lausanne, respectively, on the last day of his visit in Switzerland. On Thursday morning, Mr Hui met State Secre... |
Financial reporting body chair named8-11-2024
The Government announced today that the Chief Executive has, pursuant to the Accounting & Financial Reporting Council Ordinance, appointed David Sun as Chairman of the Accounting & Financial Reporting Council (AFRC) for two years starting January 1, 2025. Mr Sun was Director of Audit between 2012... |
Base rate lowered to 5%8-11-2024
The Monetary Authority announced today that it has decreased the base rate to 5% with immediate effect. The decrease, according to a pre-set formula, follows a 25-basis point downward adjustment in the target range for the US federal funds rate on November 7. The base rate is the interest rate form... |
Sun Dong visits research institution7-11-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong yesterday visited the University of Waterloo, in Canada, to learn about its work in transforming research outcomes into viable applications. A research-intensive institution, the University of Waterloo ranked 21st in computer science and i... |
SFST attends UN expertsâ session7-11-2024
Secretary for Financial Services & the Treasury Christopher Hui attended the 41st session of the Intergovernmental Working Group of Experts on International Standards of Accounting & Reporting (ISAR) organised by the UN Conference on Trade & Development in Geneva yesterday. At the meeting, Mr... |
Silver economy meeting held7-11-2024
Deputy Chief Secretary Cheuk Wing-hing today chaired the first meeting of the âWorking Group on Promoting Silver Economyâ to commence co-ordination of relevant bureausâ work plans. The Chief Executive announced in the 2024 Policy Address that a working group, chaired by the Deputy Chief Se... |
HKâs advantages promoted in Ottawa6-11-2024
Continuing a visit to Canada, Secretary for Innovation, Technology & Industry Prof Sun Dong delivered a keynote speech at a Seminar on Life Science & Global Health, held at the Parliament Building in Ottawa. Prof Sun said that while Canada is a long-recognised powerhouse in the field of life and ... |
CE meets Shanghai leaders6-11-2024
Chief Executive John Lee today met Shanghai leaders and exchanged views with representatives from enterprises as well as talent who have newly settled in Hong Kong. Continuing his visit to Shanghai with a Hong Kong Special Administrative Region Government delegation, Mr Lee spoke to the enterprises and t... |
HK participates in import expo5-11-2024
The seventh China International Import Expo (CIIE) is being held from today to November 10 at the National Exhibition & Convention Center in Shanghai. Over 300 Hong Kong enterprises are participating in this year's CIIE to promote quality Hong Kong products and services, representing almost one-tenth... |
Sun Dong begins Canada visit5-11-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong began his visit to Toronto, Canada, by touring an innovation hub, the University of Toronto and a startup. In the morning of November 4, Prof Sun visited MaRS Discovery District and met its Chief Executive Officer Alison Nankivell to recei... |
SFST promotes HK in Zurich5-11-2024
Secretary for Financial Services & the Treasury Christopher Hui yesterday began a visit to Switzerland, where he is promoting Hong Kong's status as an international centre for asset, wealth and risk management. In Zurich, Mr Hui met Swiss Re Groupâs Chief Executive Officer, Corporate Solutions I... |
Public R&D centres merger proposed5-11-2024
To implement the development plans set out in the Hong Kong Innovation & Technology Development Blueprint, the Government has proposed to merge the two research and development (R&D) centres - the Hong Kong Applied Science & Technology Research Institute (ASTRI) and the Nano & Advanced Material... |
SFST headed to Switzerland3-11-2024
Secretary for Financial Services & the Treasury Christopher Hui will depart on a visit to Switzerland today, and will return to Hong Kong on Friday. In Geneva, Mr Hui will attend and speak at the 41st session of the Intergovernmental Working Group of Experts on International Standards of Accounting &... |
Sun Dong to visit Canada3-11-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong will depart today on a visit to Canada, where he will stop in Toronto, Ottawa and Waterloo and seek to strengthen co-operation between Hong Kong and Canada in areas such as innovation and technology (I&T). Prof Sun will meet leaders of... |
CS sends off polar expedition team1-11-2024
Chief Secretary Chan Kwok-ki attended the send-off event of China's 41st Antarctic expedition team at the Guangzhou Nansha International Cruise Home Port this morning. The expedition team is travelling to Antarctica aboard the icebreakers Xuelong and Xuelong 2, which have visited Hong Kong before. ... |
Wealth scheme brokers set1-11-2024
The China Securities Regulatory Commission and the Securities & Futures Commission of Hong Kong issued announcements respectively today on the first batch of brokers eligible to participate in the Guangdong-Hong Kong-Macao Greater Bay Area Cross-boundary Wealth Management Connect Pilot Scheme. The Ho... |
Talent and migration plans refined1-11-2024
The Government today launched three measures to enhance the Top Talent Pass Scheme (TTPS) and the Quality Migrant Admission Scheme (QMAS), following the announcement of reforms to the talent admission regime in the 2024 Policy Address. The first measure calls for expanding the list of eligible univers... |
HK to host Olympics body meeting1-11-2024
The 2024 General Assembly of the Association of National Olympic Committees (ANOC) announced yesterday the successful bid of Hong Kong, China to host the 2026 ANOC General Assembly. The ANOC comprises 206 National Olympic Committees (NOCs) and is responsible for protecting and advancing the interests of ... |
GBA data flow measure extended1-11-2024
The extension of the facilitation measure on the Standard Contract for the Cross-boundary Flow of Personal Information Within the Guangdong-Hong Kong-Macao Greater Bay Area (Mainland, Hong Kong) to all sectors started today. The Digital Policy Office (DPO) made the announcement and explained that the mov... |
Sep retail sales drop 6.9%1-11-2024
The value of total retail sales in September, provisionally estimated at $29.6 billion, decreased 6.9% 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 o... |
FS concludes Riyadh trip1-11-2024
Financial Secretary Paul Chan completed the final day of his visit in Riyadh, Saudi Arabia, yesterday by participating in several events at the Future Investment Initiative (FII) with his delegation. Speaking at a themed session at the conference, Mr Chan highlighted that Hong Kong is actively developing... |
FS explores opportunities in Riyadh31-10-2024
Financial Secretary Paul Chan, currently leading a delegation on a visit to Riyadh, Saudi Arabia, yesterday attended the listing ceremony for the first Saudi exchange-traded fund (ETF) that tracks Hong Kong stocks on the Saudi stock exchange. The fund is the result of collaboration between Albilad Bank o... |
Mortgage loans down 20.6%31-10-2024
The value of residential mortgage loans approved in September was $17.3 billion, a 20.6% drop compared with August, the Monetary Authority announced today. Mortgage loans financing primary market transactions dropped 27.2% to $5.6 billion, while those financing secondary market transactions decreased 15.... |
Economy grows 1.8% in Q331-10-2024
Hong Kongâs economy grew 1.8% in the third quarter of 2024 over the same period a year earlier, down from a 3.2% increase in the second quarter, the Census & Statistics Department announced today. According to the advance estimates, gross domestic product (GDP) decreased by 1.1% in real terms in... |
FS visits Saudi Arabia30-10-2024
Financial Secretary Paul Chan led a delegation from the financial and innovation sectors on a visit to Saudi Arabia and attended the Future Investment Initiative in Riyadh. While participating in a panel discussion during the conference, Mr Chan stated that Hong Kong is actively promoting the development... |
US tech investment curbs rejected29-10-2024
The Hong Kong Special Administrative Region Government today rejected a US measure restricting investment in China, including the Hong Kong SAR, on semiconductors and microelectronics, quantum information technologies, and artificial intelligence systems. In a statement this evening, the Hong Kong SAR Go... |
Economic, trade policies explained29-10-2024
Secretary for Commerce & Economic Development Algernon Yau today briefed members of the Trade & Industry Advisory Board on major initiatives related to economic and trade developments in the 2024 Policy Address. Mr Yau said that the Policy Address announced a series of initiatives, including a re... |
CE to attend Shanghai expo29-10-2024
Chief Executive John Lee will lead a Hong Kong Special Administrative Region Government delegation to visit Shanghai on November 4 and attend the seventh China International Import Expo (CIIE). |
Expo seeks to boost SMEs' growth29-10-2024
A fair aimed at helping small and medium-sized enterprises (SMEs) to undertake digital transformation is being held today and tomorrow. Held annually, âSME ReachOut: FUND Fair plus Tech Sourcing 2024â is organised by the Productivity Councilâs SME ReachOut and supported by th... |
Blockchain, AI shaping fintech: FS28-10-2024
Hong Kong is emerging fast as one of the most attractive global fintech hubs. In the first half of this year, among the top 10 fintech deals in the Asia-Pacific region, three were in the Mainland and two in Hong Kong. That means, ladies and gentlemen, you are in the right spot to search for the fintech opportu... |
FinTech Week starts28-10-2024
Hong Kong FinTech Week 2024 opened today with its co-organiser, the Monetary Authority (HKMA), outlining a series of initiatives to spearhead fintech development in Hong Kong.
On asset tokenisation, the HKMA has ... |
Proper use of AI necessary: Govt28-10-2024
The 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 Arabia27-10-2024
Financial 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 Portugal27-10-2024
Secretary 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 hub25-10-2024
The 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 opens26-10-2024
Financial 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 up25-10-2024
The 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 visit25-10-2024
Financial 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 explained23-10-2024
The 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 US24-10-2024
Financial 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 welcomed23-10-2024
The 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 visit23-10-2024
Financial 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 meeting22-10-2024
Financial 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% inflation22-10-2024
Overall 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 welcomed22-10-2024
The 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 announced21-10-2024
The 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 Peru21-10-2024
Financial 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 US18-10-2024
Financial 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 SMEs18-10-2024
The 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 Beijing18-10-2024
Secretary 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 explained17-10-2024
Financial 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 edge16-10-2024
Chief 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: CE16-10-2024
Delivering 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 talent16-10-2024
Chief 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 expedited16-10-2024
Chief 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 economy16-10-2024
The 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 appointed14-10-2024
The 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 signed9-10-2024
The 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 unveiled9-10-2024
The 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 288-10-2024
The 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 opens7-10-2024
The 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 Q37-10-2024
The 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 stamps4-10-2024
A 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 set4-10-2024
The 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 business3-10-2024
Hong 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%3-10-2024
The 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 discussed3-10-2024
Secretary 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 launched2-10-2024
The 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%30-9-2024
The 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 apace19-9-2024
Associate 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 sector28-9-2024
Financial 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 enhanced27-9-2024
The 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 visit27-9-2024
Financial 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 ends26-9-2024
The 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 August26-9-2024
The 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 trip25-9-2024
Financial 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 summit25-9-2024
Secretary 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 leaders25-9-2024
Continuing 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 support25-9-2024
The 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 pact24-9-2024
Hong 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 visit24-9-2024
Secretary 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 held24-9-2024
The 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 ties24-9-2024
Financial 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 Singapore24-9-2024
Secretary 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 ranking24-9-2024
Hong 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 visit23-9-2024
Financial 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 Wuhan23-9-2024
Secretary 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... |
Latest Business News
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