Hong Kong Business News

香港商業資訊


News Article List

FS tours Hangzhou, Suzhou

18-4-2024

gov_rss

Financial Secretary Paul Chan today met Communist Party of China (CPC) officials and visited research and development (R&D) companies in Hangzhou and Suzhou on day two of his Mainland trip.

In the morning, Mr Chan met CPC Zhejiang Provincial Committee Deputy Secretary and CPC Hangzhou Municipal Commi...

I&T park's partners help attract talent

18-4-2024

gov_rss

I am delighted to be here with you today, for the Partnership Launching Ceremony of the Hong Kong-Shenzhen Innovation & Technology (I&T) Park.

This morning's ceremony is a milestone in the development of the I&T park - one that resonates far beyond the park's reach, along Hong Kong's boundary...

I&T park signs partnership pacts

18-4-2024

gov_rss

The Hong Kong-Shenzhen Innovation & Technology Park Limited (HSITPL) today signed memoranda of understanding (MOUs) with some 60 partners from nine economies.

Chief Executive John Lee, Acting Financial Secretary Michael Wong and Secretary for Innovation, Technology & Industry Prof Sun Dong attend...

FS begins Hangzhou trip

17-4-2024

gov_rss

Financial Secretary Paul Chan began his visit to Hangzhou today by attending a seminar on Hong Kong serving as a multinational supply chain management centre for Mainland enterprises, and touring innovation and technology enterprises.

At the seminar co-organised by Invest Hong Kong and the Hong Kong Econ...

Kevin Yeung to visit Venice

17-4-2024

gov_rss

Secretary for Culture, Sports & Tourism Kevin Yeung will depart for Venice, Italy, in the early morning of April 19 to officiate at the opening ceremony of the Hong Kong exhibition at the Venice Biennale.

While there, he will visit the China pavilion and pavilions of other regions.

The Hong Kon...

FS to visit Hangzhou, Suzhou

16-4-2024

gov_rss

Financial Secretary Paul Chan will depart on a visit to Hangzhou and Suzhou tomorrow, and will return to Hong Kong on April 19.
 

During the visit, he will tour innovation and technology enterprises engaged in artificial intelligence, the Internet of Things, biotechnology, new energy and new mate...

Govt prepares for holiday arrivals

16-4-2024

gov_rss

The Culture, Sports & Tourism Bureau today convened a meeting to follow up on the preparatory work by various departments for the arrival of visitors to Hong Kong during the Mainland's Labour Day Golden Week, including crowd control management.

The meeting was chaired by Secretary for Culture, Sports...

8 lease modifications recorded in Q1

15-4-2024

gov_rss

The Lands Department today announced that it registered eight lease modifications and two land exchanges in the Land Registry during the quarter ending March 2024, adding that two were technical changes involving no premium.
 

Of the land transactions, three are located on Hong Kong Island, five ...

US, Canada remarks condemned

13-4-2024

gov_rss

The Hong Kong Special Administrative Region Government today strongly condemned the US and Canada for smearing the Safeguarding National Security Ordinance under the pretext of foreign travel advice updates.

The so-called travel advice claimed that the risks of travelling to Hong Kong would increase afte...

Seamless connectivity for villages

12-4-2024

gov_rss

People usually find rural life a good way to kick back and spend time at a leisurely pace. But to keep up with the pace of modern technology, the copper-based network villagers once relied on for basic telecommunications services has fallen short.

This is why the Government implemented the the Subsid...

Govt showcases tech solutions

13-4-2024

gov_rss

At the second edition of the InnoEX which started today, over 100 technology solutions, including those developed by government departments, are being showcased at the Smart Hong Kong Pavilion set up by the Office of the Government Chief Information Officer (OGCIO).

Through interactive experience...

Christopher Hui wraps up US visit

12-4-2024

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui met businesspeople and university scholars in Chicago yesterday, as he continued his visit to the US.
 

Mr Hui started the day by attending a breakfast seminar co-hosted by the Hong Kong Business Association of the Midwest and th...

HK has multi-pronged digital strategy

12-4-2024

gov_rss

The digital economy has clearly emerged as a new driving force for global economic development. From digital payments to generative AI (artificial intelligence), data are rapidly changing how businesses operate and thrive, how cities are managed – and,  ultimately, how we work, learn and live.

Our...

CE meets Singaporean Deputy PM

12-4-2024

gov_rss

Chief Executive John Lee today met visiting Deputy Prime Minister and Coordinating Minister for Economic Policies of Singapore Heng Swee Keat.
 

Mr Lee said he was pleased to see Mr Heng in Hong Kong after they previously met in July last year, when Mr Lee visited Singapore.
 

He sa...

Global talent summit set for May

11-4-2024

gov_rss

Hong Kong Talent Engage (HKTE) announced today that the Global Talent Summit · Hong Kong will be held on May 7 and 8 at the Convention & Exhibition Centre.

The Chief Executive set out in the 2023 Policy Address that a summit would be organised to promote regional exchanges and co-operation in talent...

Innotech body meets

11-4-2024

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong chaired the fourth meeting of the Committee on Innovation, Technology & Industry Development today.

At the meeting, members shared their views and suggestions on major initiatives related to the purview of the Innovation, Technology &a...

Philanthropic hub vision promoted

10-4-2024

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui promoted Hong Kong’s goal of turning the city into a major international philanthropic centre on day two of his trip to the US city of New York on April 9.

In the morning, he met Founder of Bloomberg LP & Bloomberg Philanthropies M...

Urban forestry forum opens

10-4-2024

gov_rss

The Hong Kong 2024 International Urban Forestry Conference opened at the Science Park today, bringing about 20 speakers from Hong Kong, the Mainland and overseas together to share their insights on various key topics related to urban forestry.

Organised by the Development Bureau with the theme “Green M...

Christopher Hui begins New York trip

9-4-2024

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui began his visit to New York yesterday where he met leaders of financial and business institutions and addressed a reception with the Hong Kong community there.

While meeting Global Chief Economist of S&P Global Ratings Paul Gruenwald...

New investment scheme favoured

9-4-2024

gov_rss

The New Capital Investment Entrant Scheme has seen a good response since its launch on March 1, recording double-digit applications and over 1,600 enquiries, Invest Hong Kong (InvestHK) announced today.

InvestHK pointed out that the applications were from high-net-worth individuals of different na...

Christopher Hui to visit US

8-4-2024

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui will today begin a visit to the US, where he will meet and update representatives of the US business and academic communities on Hong Kong’s financial services sector.
 

The trip, which will involve stops in New York and Chicag...

Incentives spur tourism innovation

5-4-2024

gov_rss

A special themed day tour taken recently by a group of European tourists in Hong Kong offers a flavour of the itineraries currently on offer to visitors.

Besides taking the Peak Tram to admire the Hong Kong skyline from above, they also visited the Aberdeen Typhoon Shelter and took a boat ride.

Th...

Pop culture festival opens Apr 6

5-4-2024

gov_rss

The second Hong Kong Pop Culture Festival organised by the Leisure & Cultural Services Department will open tomorrow, presenting over 20 programmes spanning across literature, various art forms and martial arts.

Themed "Arts & Action", this year's festival will take audiences on a j...

Business of I&T Week set

5-4-2024

gov_rss

The Business of Innovation & Technology Week (BIT Week) will be held in April, the Innovation, Technology & Industry Bureau announced today.

Highlight events include the Digital Economy Summit, the InnoEX and the inaugural Hong Kong World Youth Science Conference.

Secretary for Innov...

Property sales rise 57.2%

3-4-2024

gov_rss

The Land Registry logged 5,013 sale and purchase agreements for all building units received for registration in March, up 57.2% compared with February and 41.7% lower year-on-year.

The total consideration for such agreements in March rose 65.5% from February, to $37.4 billion, while a 45.7% year-on-year ...

Feb retail sales up 1.9%

3-4-2024

gov_rss

The value of total retail sales in February, provisionally estimated at $33.8 billion, rose 1.9% 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 tota...

Transhipment scheme extended

1-4-2024

gov_rss

Customs today extended the Free Trade Agreement Transhipment Facilitation Scheme to cover transhipment cargo from the Mainland to Singapore via Hong Kong.

The scheme's scope of service originally covered the cargo of 67 economies under 19 trade agreements signed between the Mainland and its trading partn...

Multisensory show launched in TST

28-3-2024

gov_rss

Secretary for Culture, Sports & Tourism Kevin Yeung today attended the launch ceremony of Voyage with Van Gogh, an “Art@Harbour 2024” project being staged at the Cultural Centre Piazza from now until May 31.

Addressing the ceremony, Mr Yeung said the Leisure & Cultural Services Departm...

CS concludes Hainan visit

28-3-2024

gov_rss

Chief Secretary Chan Kwok-ki concluded his visit to Hainan today by attending the opening plenary of the Boao Forum for Asia Annual Conference 2024 and the Hainan-Hong Kong Entrepreneurs' Luncheon.

The theme of this year's forum is “Asia & the World: Common Challenges, Shared Responsibilities” an...

Mortgage loans down 15%

28-3-2024

gov_rss

The value of residential mortgage loans approved in February was $17.9 billion, a 15% drop compared with January, the Monetary Authority announced today.

Mortgage loans financing primary market transactions decreased 15% to $5.3 billion, while those financing secondary market transactions dipped 15.2% to...

CS speaks at Boao thematic forum

27-3-2024

gov_rss

Chief Secretary Chan Kwok-ki today attended the Global Free Trade Ports Development Forum at the Boao Forum for Asia Annual Conference 2024 in Hainan, and exchanged views with Hainan Governor Liu Xiaoming and leaders from overseas.

At the ports development forum, Mr Chan stressed that Hong Kong is a stau...

Charitable plan unveiled at summit

27-3-2024

gov_rss

The second edition of the Wealth for Good in Hong Kong Summit concluded today with the launch of "Impact Link", a philanthropic initiative helping family offices and asset owners to make informed decisions on charity projects.

Announcing the Impact Link’s launch during the event's gala dinner, Financia...

Kevin Yeung meets SG official

27-3-2024

gov_rss

Secretary for Culture, Sports & Tourism Kevin Yeung today met Singapore’s Minister for Culture, Community & Youth and Second Minister for Law Edwin Tong,

Mr Yeung briefed Mr Tong on the latest developments in Hong Kong’s cultural and sports policies. They spoke about promoting culture and sup...

Unwavering support for family offices

26-3-2024

gov_rss

You are the decision-makers and high-profile professionals driving family offices all over the world, coming all the way from different parts of Asia, the Middle East, North America, Europe, and beyond. And you are here these next few days to learn more about Hong Kong. About why Hong Kong is the preeminent ch...

Feb exports value down 0.8%

26-3-2024

gov_rss

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.

The value of imports of goods fell 1.8% to $325.7 billion for the same period.

A trade deficit of $41.7 billion, or 12.8% ...

HK prepares for visitor arrivals

26-3-2024

gov_rss

The Culture, Sports & Tourism Bureau today convened a meeting to co-ordinate preparations for visitor arrivals to Hong Kong during the Mainland's Labour Day Golden Week from May 1 to 5.

The meeting was hosted by Secretary for Culture, Sports & Tourism Kevin Yeung, with representatives from the Custom...

HK backs sustainability reporting: CE

25-3-2024

gov_rss

It is a great pleasure to be here, to have this welcome opportunity to speak to you, at the opening of the One Earth Summit.

The theme of this global gathering, “Planetary Crossroads: Investing in Innovations for a Sustainable Future”, highlights the importance of the challenges we face. For each and...

Sustainability disclosure vision set

25-3-2024

gov_rss

The Government today issued a vision statement on developing Hong Kong’s sustainability disclosure ecosystem.
 

Secretary for Financial Services & the Treasury Christopher Hui said accurate information is an essential element in facilitating green and sustainable financial services.
&nbs...

Govt condemns biased US remarks

23-3-2024

gov_rss

The Security Bureau today strongly condemned the unfounded and biased remarks made by US Secretary of State Antony Blinken, which deliberately misled the public and smeared the Safeguarding National Security Ordinance.

The bureau issued a statement to set the record straight, adding that it is incontrove...

HK ranks 4th in global finance index

21-3-2024

gov_rss

Hong Kong maintained fourth place in the Global Financial Centres Index 35 Report published today by the UK's Z/Yen and the China Development Institute from Shenzhen.

The Government said under the “one country, two systems” principle, Hong Kong enjoys the unique advantages of being backed by the moth...

20 building plans approved in Jan

21-3-2024

gov_rss

The Buildings Department approved 20 building plans in January - eight on Hong Kong Island, seven in Kowloon and five in the New Territories.

Of the approved plans, 13 were for apartment and apartment-commercial developments, four were for commercial developments, and three were for community services de...

Feb sees 2.1% inflation

21-3-2024

gov_rss

Overall consumer prices rose 2.1% in February year-on-year, larger than the increase registered in January, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1.2%, also higher than January.

<...

FS welcomes strategic enterprises

20-3-2024

gov_rss

Allow me to congratulate you on choosing Hong Kong to expand your business in this region. Whether you are setting up a global R&D (research and development) centre or regional headquarters, rolling out new trade, or developing Web3 payment services or production facilities for green and low-carbon co...

25 strategic enterprises come to HK

20-3-2024

gov_rss

The Office for Attracting Strategic Enterprises (OASES) today held the OASES Partnership Signing Ceremony and welcomed a new batch of strategic enterprises to set up or expand their businesses in Hong Kong.

At the ceremony witnessed by Chief Executive John Lee and Financial Secretary Paul Chan, 25 str...

Study shows HK a wealth hub: Govt

18-3-2024

gov_rss

A Deloitte market study commissioned by Invest Hong Kong estimates that the city has more than 2,700 single-family offices. 

The study predicts that with Invest Hong Kong’s support and favourable policy measures from the Government, Hong Kong will rise to become the world’s premier centre...

CS chairs human resources meeting

18-3-2024

gov_rss

Chief Secretary Chan Kwok-ki today chaired the third meeting of the third-term Human Resources Planning Commission.

Representatives of Hong Kong Talent Engage (HKTE) and the Office for Attracting Strategic Enterprises (OASES) briefed members on their achievements in trawling for talent, enterprises and i...

City I&T challenge launched

16-3-2024

gov_rss

The second City I&T Grand Challenge was launched today, inviting all sectors of the community to put forward innovative solutions from April 5 to May 16 to enhance the experience of nature and create a caring society in Hong Kong.

Organised by the Innovation & Technology (I&T) Commissi...

AI contest winners commended

15-3-2024

gov_rss

The award presentation ceremony for the "Innovative Application with AI" Innovation Competition was held today.

The "Improving communications through generative sign language" project won the grand award, while the "AI Environmental Air Nuisance Investigation Robot Dog" project was first runner-up and th...

New valuation list and rent roll ready

15-3-2024

gov_rss

The 2024-25 Valuation List & Government Rent Roll will be available for inspection from March 18 to May 31.

They list and roll can be inspected at the Rating & Valuation Department, located at the Cheung Sha Wan Government Offices, 15/F, 303 Cheung Sha Wan Road, Kowloon. They are also available <...

Art@Harbour 2024 to start Mar 25

13-3-2024

gov_rss

The large-scale outdoor art project “Art@Harbour 2024” will be launched on March 25, bringing a new inspirational and sensory experience at the Victoria harbourfront through outdoor art installations and digital art facades.

Featuring the integration of art, science, and technology, the art pr...

Entrant scheme response positive

13-3-2024

gov_rss

Following the fruitful result of the inaugural Wealth for Good in Hong Kong Summit in March last year, the second Summit is set to return on the 27th of this month. This exclusive event is part of the Financial Mega Event Week in March, designed to gather asset owners and family office managers around the glob...

Treasury Building officially opens

12-3-2024

gov_rss

Financial Secretary Paul Chan opened the Treasury Building today, marking the official commissioning of the new office building.

Located at 3 Tonkin Street West in Cheung Sha Wan, the Treasury Building is close to MTR Cheung Sha Wan and Nam Cheong stations and served by bus and minibus services nearby.

Cargo clearance scheme launched

8-3-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau today officiated at the launch ceremony of a scheme that aims to avoid duplication of inspections by customs authorities in Guangdong, Hong Kong and Macau.

The first batch of transshipment cargo was successfully delivered to the Macau clearan...

CE celebrates Women’s Day

8-3-2024

gov_rss

Chief Executive John Lee and his wife Janet Lee officiated at a reception held by the Home & Youth Affairs Bureau and Women’s Commission (WoC) to celebrate International Women’s Day 2024 today.

It was attended by WoC members, and representatives from women’s groups, non-governmental organisatio...

Mega events group meets

8-3-2024

gov_rss

Deputy Financial Secretary Michael Wong today hosted a Mega Events Coordination Group meeting on enhancing the publicity of major events and the efforts in promoting mega events in the city.

Chaired by Mr Wong, with Secretary for Culture, Sports & Tourism Kevin Yeung as deputy, the group aims to stre...

FS reviews fire services recruits

8-3-2024

gov_rss

Financial Secretary Paul Chan today reviewed the Fire Services passing-out parade for 10 station officers, 99 firemen and 33 ambulancemen at the Fire & Ambulance Services Academy.


Speaking at the parade, in addition to commending members of the Fire Services Department for their dedicated efforts...

Tech chief visits Abu Dhabi

7-3-2024

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong and a delegation from the innovation and technology (I&T) industry began their visit to Abu Dhabi, the United Arab Emirates.

Their morning schedule included a tour of Masdar City, which is a business and research and development hub wi...

Financial mega events set

7-3-2024

gov_rss

The Government today announced that Financial Mega Event Week will be held in the last week of March, with a series of top-tier international conferences and exhibitions to take place in the city.

The event will feature three world-class financial summits - the Wealth for Good in Hong Kong Summit (WGHK) ...

Sun Dong visits UAE

7-3-2024

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong today continued a visit to Dubai, the United Arab Emirates (UAE), with a delegation of representatives from the innovation and technology (I&T) industry.
 

Prof Sun and the delegation attended a business lunch, hosted by the Ho...

1823 service boosts efficiency

7-3-2024

gov_rss

The Efficiency Office today said it will actively follow up on the recommendations set out in the Ombudsman's investigative report on the effectiveness of 1823 in handling complaints and enquiries.

Among the 13 recommendations made by the Ombudsman, the office said seven have already been implemented or ...

MTR chair reappointed

7-3-2024

gov_rss

The Government today announced that the Financial Secretary Incorporated has reappointed Rex Auyeung as Chairman of the board of directors of the Mass Transit Railway Corporation for one and a half years.

The reappointement was made in accordance with the Articles of Association of the MTRC and the Gover...

Tax concessions set

6-3-2024

gov_rss

A bill to implement the one-off tax concessions and two-tiered standard rates regime as proposed in the 2024-25 Budget will be gazetted on March 8 and introduced into the Legislative Council on March 20, the Government announced today.

The Budget has proposed one-off reductions of salaries tax, tax under...

FS optimistic about public finance

6-3-2024

gov_rss

Financial Secretary Paul Chan today said he is confident that the Government will achieve fiscal balance in the pace that he set out in the Budget.

Addressing young people’s questions during a live programme on Budget Online@M21, Mr Chan outlined the measures he proposed to reach this goal.

“In...

Customs’ int’l commitment reaffirmed

6-3-2024

gov_rss

We are celebrating the inauguration of the WCO (World Customs Organization) Regional Dog Training Centre in Hong Kong.

And my congratulations to Hong Kong Customs for its accreditation by the WCO as one of now five Regional Dog Training Centres in the Asia-Pacific region. This status strengthens Hong Kon...

Sun Dong boosts I&T ties in Riyadh

5-3-2024

gov_rss

A delegation of representatives from the innovation and technology (I&T) industry, led by Secretary for Innovation, Technology & Industry Prof Sun Dong, began day two of their visit in Riyadh yesterday by attending the opening of the LEAP 2024 technology conference.

While delivering a keynote spe...

Property sales dip 27.5%

4-3-2024

gov_rss

The Land Registry recorded 3,189 sale and purchase agreements for all building units received for registration in February, down 27.5% compared with January and 46.7% lower year-on-year.
 

The total consideration for such agreements in February fell 32.9% from January, to $22.6 billion, while a 4...

CE begins Beijing visit

4-3-2024

gov_rss

Chief Executive John Lee arrived in Beijing today, beginning a series of engagements in the nation’s capital.
 

Calling on the Ministry of Finance, Mr Lee met Minister of Finance Lan Fo’an for an exchange of views on various topics, including ways to enhance financial co-operation between the...

Sun Dong begins visit in Saudi Arabia

4-3-2024

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong led a delegation to begin their visit to Riyadh, Saudi Arabia.

Upon their arrival in Riyadh, they visited King Abdulaziz City for Science & Technology and met its President Munir Eldesouki.

The group was briefed on the tech city'...

HK, Bahrain tax pact signed

4-3-2024

gov_rss

Hong Kong yesterday signed a comprehensive avoidance of double taxation agreement (CDTA) with Bahrain.

Under the pact, Hong Kong companies can enjoy double taxation relief in that any tax paid in Bahrain, whether directly or by deduction, in accordance with the CDTA will be allowed as a credit against th...

HK, Bahrain sign investment pact

3-3-2024

gov_rss

The Hong Kong Special Administrative Region and Bahrain today entered into an investment promotion and protection agreement (IPPA) in Manama, Bahrain, with a view to enhancing investors’ confidence, expanding investment flows and strengthening economic and trade ties.

Secretary for Commerce & Econo...

Tech chief to visit Middle East

2-3-2024

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong will lead a delegation of representatives from the innovation and technology (I&T) sector on a visit to Saudi Arabia and the United Arab Emirates on March 3, with a view to strengthening Hong Kong’s I&T co-operation with the two countr...

Pyrotechnic shows to entice tourists

1-3-2024

gov_rss

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

Secretary for Culture, Sports & Tourism Kevin Yeung said monthly pyrotechnic and drone shows held against the backdrop of Victoria Harbour, as proposed in the 2024-25 Budget, will enrich tourists’ travel...

FS takes calls on radio programme

1-3-2024

gov_rss

Financial Secretary Paul Chan this morning spoke about the Government’s fiscal consolidation strategy, the removal of residential property sector cooling measures and more as he answered questions from the public about the 2024-25 Budget on a radio phone-in programme.

Besides giving answers on Hong Kon...

Jan retail sales up 0.9%

1-3-2024

gov_rss

The value of total retail sales in January, provisionally estimated at $36.5 billion, rose 0.9% 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 represents a 1.2% year...

E-commerce driving world trade

1-3-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau attended a session yesterday on e-commerce of the 13th World Trade Organization (WTO) Ministerial Conference in Abu Dhabi, the United Arab Emirates.

During the session, Mr Yau said that e-commerce is rapidly developing and has become a key dr...

New investment scheme launched

1-3-2024

gov_rss

The new Capital Investment Entrant Scheme is open for application starting today, the Government announced.

It explained that an eligible applicant must make investment of a minimum of $30 million in the permissible investment assets. What’s more, successful applicants may bring their spouses an...

Land sale plan unveiled

29-2-2024

gov_rss

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

The Government today announced its 2024-25 Land Sale Programme which includes eight residential sites involving about 5,690 flats to be put up for sale.

Unveiling the programme at a press conference this afte...

Restoring WTO dispute system urged

29-2-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau called on World Trade Organization (WTO) members to support the restoration of a fully functioning dispute settlement system during the 13th WTO Ministerial Conference (MC13) in Abu Dhabi, the United Arab Emirates, yesterday.

At a meeting on ...

Mortgage loans up 15.1%

29-2-2024

gov_rss

The value of residential mortgage loans approved in January was $21.1 billion, a 15.1% rise compared with December 2023, the Monetary Authority announced today.

Mortgage loans financing primary market transactions rose 20.9% to $6.3 billion, while those financing secondary market transactions increased 2...

Bond schemes' borrowing limit is set

29-2-2024

gov_rss

The Government today served notice to the Legislative Council to introduce a resolution under the Loans Ordinance to set a borrowing ceiling of $500 billion, combined, for the Government Green Bond Programme and the Infrastructure Bond Programme (IBP).

Secretary for Financial Services & the Treasury ...

Govt determined on islands project

28-2-2024

gov_rss

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

Financial Secretary Paul Chan today said the Government is determined to carry out the reclamation of the Kau Yi Chau Artificial Islands.

At the 2024-25 Budget press conference this afternoon, Mr Chan noted t...

Govt to build HK brand on all fronts

28-2-2024

gov_rss

Financial Secretary Paul Chan this morning pledged that the Government will build the Hong Kong brand on all fronts.

In his 2024 Budget Speech, Mr Chan outlined commitments to raise the city’s standing as a premier destination for business and tourism through consolidation of its prowess in hosting meg...

FS unveils cuts to rates and taxes

28-2-2024

gov_rss

In his 2024-25 Budget Speech this morning, Financial Secretary Paul Chan announced measures to provide rates concessions, reduce salaries and profits taxes, and pay an extra allowance to eligible social security recipients.

Mr Chan said the measures had been devised in light of the economic pressures fac...

HK’s economic prospects bright: FS

28-2-2024

gov_rss

Financial Secretary Paul Chan said in his Budget speech today that even though Hong Kong’s export performance will be affected by the external environment, the city’s economy will see sustained and solid development in the medium term.

He made the statement while analysing Hong Kong’s economic situ...

Govt aims to boost I&T development

28-2-2024

gov_rss

Financial Secretary Paul Chan today spelt out how out how the Government is investing in building a vibrant, international innovation and technology (I&T) ecosystem, and announced the allocation of $3 billion to Cyberport for the launch of an AI Subsidy Scheme aimed at supporting scientific breakthroughs.<...

Measures to showcase HK’s appeal

28-2-2024

gov_rss

Apart from putting in place a series of measures to showcase Hong Kong’s appeal to people from around the world, Financial Secretary Paul Chan revealed that the Government will roll out key plans to draw in capital, enterprises and talent.

He shared such plans while unveiling his 2024-25 Budget, explai...

$4b+ to boost creative arts branding 

28-2-2024

gov_rss

While delivering his Budget speech, Financial Secretary Paul Chan reported that the Government will earmark $45 million to establish a support centre for patent search and analysis and inject over $4 billion to support film, arts and design projects.

Regional intellectual property trading centre

Mr...

Govt driven to nurture local talent

28-2-2024

gov_rss

The Government will provide subsidies of up to $300,000 for each publicly-funded primary school in the next two academic years to enhance primary school students’ interests in information technology and its applications, as it strives to nurture local talent in various fronts.

Announcing the initiative...

Budget responds to expectations: CE

28-2-2024

gov_rss

Chief Executive John Lee today appealed to all sectors of the community to support the 2024-25 Budget, saying it has responded to the expectations of the public and enterprises while consolidating the momentum of recovery.

In a statement, Mr Lee said amid the uncertain geopolitical situation and economic...

HK will surely soar far and high: FS

28-2-2024

gov_rss

Mr President, this year will still be fraught with uncertainties. Investment sentiment and capital flows are under the sway of the complicated and volatile external environment.

In the short term, we need to reinforce the momentum of our economic recovery, while in the long run, we have to adjust our eco...

Tobacco duty hike proposed

28-2-2024

gov_rss

Financial Secretary Paul Chan today proposed in his 2024-25 Budget to increase the duty on cigarettes by $0.8 per stick, while duties on other tobacco products have been increased by the same proportion with immediate effect.

Delivering his Budget, Mr Chan pointed out that increasing the tobacco duty is ...

Land supply to exceed demand: FS

28-2-2024

gov_rss

Financial Secretary Paul Chan today said the potential land supply for 2024-25 is expected to provide about 15,000 flats, around 14% more than the annual demand projected in the Long Term Housing Strategy.

Mr Chan made the remarks while outlining land and housing measures in the Budget this morning. He n...

Budget steadfastly seeks progress

28-2-2024

gov_rss

Chief Secretary Chan Kwok-ki today said the 2024-25 Budget steadfastly seeks progress by adopting targeted and effective strategies to formulate measures, while taking into account the sustainability of public finance.

Speaking at a media session after the Financial Secretary delivered the 2024-25 Budget...

FS: HK can be supply chain hub

28-2-2024

gov_rss

Financial Secretary Paul Chan today announced a series of measures on finance, trade and the maritime and aviation sectors, and vowed to develop Hong Kong into a multinational supply chain management centre that provides consulting services, trade financing and corporate training to enterprises.

Deliveri...

Govt forecasts $48.1b deficit

28-2-2024

gov_rss

Financial Secretary Paul Chan said today that as the external environment is likely to remain complicated in the coming year and revenues related to asset markets in Hong Kong require some time to fully recover, the Government will continue to provide resources to strengthen momentum in the economy and to enha...

FS outlines fiscal consolidation plan

28-2-2024

gov_rss

In the 2024-25 Budget announced today, Financial Secretary Paul Chan proposed a number of measures to increase revenue and outlined a fiscal consolidation programme which aims to restore fiscal balance in a few years’ time.

Mr Chan said even though the Government strived to reduce expenditure as the CO...

Let the market adjust itself: FS

28-2-2024

gov_rss

Financial Secretary Paul Chan said today that the decision to remove all demand-side management measures in relation to residential properties was made after taking into account the current market situation, future supply, and the wider economic picture.

Mr Chan announced in his Budget that no Special St...

Seizing opportunities for quality devt

28-2-2024

gov_rss

During the past year, Hong Kong has returned to normalcy after the epidemic. The society and the daily lives of our people are back to normal, as they have longed for. Visitors are returning, and our economy is regaining positive growth.  A series of mega events have helped to restore a buoyant mood in th...

More assistance for SMEs

28-2-2024

gov_rss

Measures are in the pipeline to boost the liquidity of the stock market and inject additional funds to support small and medium enterprises, Financial Secretary Paul Chan announced in his 2024-25 Budget speech.

He pointed out that the Government has created favourable conditions for recovery.

Prope...

FS paves way to green, digital future

28-2-2024

gov_rss

A number of initiatives and measures aimed at accelerating high-quality development were announced in today’s 2024-25 Budget, with the Government emphasising a move towards a green future and digitalisation.

Explaining that high-quality development spurs ongoing economic innovation and growth whilst co...

Jan exports value up 33.6%

27-2-2024

gov_rss

The value of Hong Kong's total exports increased to $388.7 billion in January, up 33.6% on the same month last year, the Census & Statistics Department announced today.

The value of goods imports increased 21.7% to $385.1 billion in the same period.

A trade surplus of $3.6 billion, or 0.9% of t...

Algernon Yau attends WTO sessions

27-2-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau attended two plenary sessions at the 13th World Trade Organization (WTO) Ministerial Conference in Abu Dhabi, the United Arab Emirates (UAE), yesterday.

Speaking at a session on trade and sustainable development, Mr Yau iterated that the mult...

Xia Baolong hears chambers' views

26-2-2024

gov_rss

Chief Executive John Lee today said CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong held a meeting with about 40 representatives of local and foreign chambers of commerce to listen to their views.

The exchange be...

Govt holds seminar on Qianhai plan

26-2-2024

gov_rss

The Hong Kong Special Administrative Region Government today held a seminar to promote the Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone at the Central Government Offices.

National Development & Reform Commission (NDRC) Department of Regional Ec...

HK financial development reviewed

26-2-2024

gov_rss

CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong today reviewed the city’s financial and economic development.

He was accompanied by Chief Executive John Lee, Financial Secretary Paul Chan, Deputy Financial Secr...

Finance sector briefs Xia Baolong

26-2-2024

gov_rss

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

Secretary for Financial Services & the Treasury Christopher Hui today said the Hong Kong financial services sector gave CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong ...

Wetland park plan supported

23-2-2024

gov_rss

The Town Planning Board today agreed to the establishment of a 338-hectare Sam Po Shue Wetland Conservation Park to achieve the dual goals of strengthening wetland conservation and making wetland compensation.
 
The board also agreed to gazette the new draft San Tin Technopole Outline Zoning Plan (O...

Individual visit scheme to expand

23-2-2024

gov_rss

The Individual Visit Scheme will be expanded to cover Xi'an in Shaanxi Province and Qingdao in Shandong Province starting from March 6.

The Hong Kong Special Administrative Region Government today thanked the central government for its positive response to the proposal of enhancing the scheme in an order...

Xia Baolong holds more exchanges

23-2-2024

gov_rss

On day two of his inspection visit, CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong met lawmakers and entrepreneurs.

Mr Xia, accompanied by Chief Executive John Lee, had an engagement session with all Executive C...

Public services kiosk set up in GZ

23-2-2024

gov_rss

The Innovation, Technology & Industry Bureau announced today the setting up of the first Hong Kong Cross-boundary Public Services self-service kiosk, in Guangzhou.

The self-service kiosk gives enterprises and residents in Mainland cities of the Greater Bay Area one-stop access to more than 50 ...

Algernon Yau to visit Abu Dhabi

23-2-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau will depart tomorrow for Abu Dhabi, in the United Arab Emirates, to attend the 13th World Trade Organization (WTO) Ministerial Conference (MC13), which will be held from February 26 to 29.
 

Ministers from across the WTO’s membershi...

Commissioner for Industry named

23-2-2024

gov_rss

The Government today announced that following an open and in-service recruitment exercise, Dr Ge Ming will begin his appointment as Commissioner for Industry (Innovation & Technology) on February 26.

A New Industrialisation Development Office (NIDO), led by Dr Ge, will be established on the sa...

Study team keen to listen to views

23-2-2024

gov_rss

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

Chief Executive John Lee today said the study team led by CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong is keen to li...

Kevin Yeung launches Art March

22-2-2024

gov_rss

A launch ceremony for Art March 2024 was held at the Museum of Art today, heralding an upcoming series of mega arts and cultural events in Hong Kong.

Officiating at the ceremony, Secretary for Culture, Sports & Tourism Kevin Yeung said that international and local arts and cultural events converge in...

Inflation at 1.7% in January

22-2-2024

gov_rss

Consumer prices increased 1.7% year-on-year in January, a smaller increase than that registered in December 2023, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 0.8%, also lower than that see...

Anti-graft academy established

21-2-2024

gov_rss

The Independent Commission Against Corruption (ICAC)’s journey began half a century ago. Its clear and compelling mission is to ensure that Hong Kong remains fair, just, stable and prosperous, then as now.

Over the past five decades, the ICAC has become an integral part of governance, partnering with o...

SMS sender scheme expanded

21-2-2024

gov_rss

The Office of the Communications Authority (OFCA) announced today that the SMS Sender Registration Scheme is now open for application by all sectors to further help the public verify the identities of SMS senders, with a view to combatting SMS fraud.

Apart from further opening up the scheme, the O...

'Silver economy' panel set up

20-2-2024

gov_rss

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment. 
 

Chairing the panel, Secretary for ...

HK taxation regime recognised

20-2-2024

gov_rss

The Hong Kong Special Administrative Region Government today welcomed the removal of Hong Kong from the European Union's (EU) watchlist on tax co-operation in recognition of the city’s efforts in ensuring that its foreign-sourced income exemption (FSIE) regime is in full compliance with the EU’s relevant r...

Govt subsidises exhibitors

19-2-2024

gov_rss

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

Secretary for Commerce & Economic Development Algernon Yau said today that the Government expects the convention and exhibition industry to achieve or surpass pre-pandemic levels given that certain large-s...

1.43m visit HK during Golden Week

18-2-2024

gov_rss

The Government said today that during the Mainland’s Chinese New Year Golden Week, which ended yesterday, the numbers of Mainland visitors and total inbound visitors coming to Hong Kong exceeded the figures for the same period in 2018.

During the eight-day Golden Week, the Immigration Department prelim...

Views sought on copyright regime

15-2-2024

gov_rss

The Government today launched a two-month public consultation on the proposed subsidiary legislation under the Copyright Ordinance.

The subsidiary legislation aims to specify libraries, museums and archives, and prescribe conditions for certain permitted acts for use of copyright works under the o...

750k visitors recorded

14-2-2024

gov_rss

The Government today estimated that Hong Kong attracted 750,000 visitors during the Lunar New Year holidays from February 10 to 13.

Secretary for Culture, Sports & Tourism Kevin Yeung said the preliminary figure reached the level in the same period in 2018 and matched earlier estimates.

“The ...

Algernon Yau promotes HK in Dubai

13-2-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau has been attending the World Governments Summit 2024 in Dubai, the United Arab Emirates. 

Mr Yau met yesterday and today with local government officials and representatives from various organisations to promote co-operation.

Today ...

Algernon Yau to visit Dubai

10-2-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau will depart for Dubai, the United Arab Emirates, tomorrow afternoon to attend the World Governments Summit.

During his stay, Mr Yau will also meet Dubai’s government officials to give them an update on Hong Kong's latest development and bus...

FS, officials make year-end visits

9-2-2024

gov_rss

Financial Secretary Paul Chan and five other principal officials today met grassroots families in various districts to distribute Lunar New Year gift bags, bringing to a close a three-day year-end programme of care visits.
 

Mr Chan visited an elderly person living alone, a disabled citizen and a...

Virtual asset regulation broached

8-2-2024

gov_rss

The Government today launched a public consultation on legislative proposals to introduce a licensing regime for providers of over-the-counter (OTC) trading services of virtual assets (VA).

The proposals constitute an important element in the efforts to develop a robust and transparent regulatory ...

Digital Green Bonds issued

7-2-2024

gov_rss

The Government today announced the successful offering of around HK$6 billion worth of digital green bonds denominated in HK dollars, renminbi, US dollars and euro under its Green Bond Programme.

The two-year Digital Green Bonds attracted subscription by a wide spectrum of institutional investors ...

IT project management strengthened

7-2-2024

gov_rss

The Office of the Government Chief Information Officer (OGCIO) today promulgated a series of new measures to assist government bureaus and departments to comprehensively strengthen their management of large-scale and high-risk information technology (IT) projects at different key stages of the project developm...

Govt upset over Inter Miami match

4-2-2024

gov_rss

The Government expressed deep disappointment over Lionel Messi not playing at Tatler XFEST Hong Kong, Hong Kong Team vs Inter Miami CF today, and the organiser failing to provide a detailed explanation promptly.
 
In a statement, the Government said that many Hong Kong fans looked forward to the mat...

Inter Miami CF hosts football clinic

3-2-2024

gov_rss

Football frenzy is sweeping through the city as Argentine football icon Lionel Messi and his teammates of Inter Miami CF are here to play in an exhibition match against the Hong Kong team.
 
Some young football players got a chance to play with these professionals before the actual match as the team...

Crowds wowed by Inter Miami CF

3-2-2024

gov_rss

Major League Soccer Team Inter Miami CF commenced their second day in Hong Kong where they took to the field for an open training session at Hong Kong Stadium in the evening. 


Before the training began, numerous fans eagerly waited outside, donning their favourite player's jerseys and purchasing...

Inter Miami CF arrives in HK

2-2-2024

gov_rss

Major League Soccer team Inter Miami CF arrived in the city today to play an exhibition match against the Hong Kong team at Hong Kong Stadium on Sunday.

The all-star line-up including Lionel Messi, the newly signed Luis Suárez as well as teammates Jordi Alba and Sergio Busquets received a warm welcome a...

'Virtual asset regulation on right path'

2-2-2024

gov_rss

Since our announcement of the Policy Statement on the Development of Virtual Assets in Hong Kong in October 2022, the virtual asset (VA) market has been developing rapidly. While product offerings have kept evolving, we also saw volatile price fluctuations in certain cryptocurrencies. International organisatio...

InvestHK helped more firms in 2023

2-2-2024

gov_rss

Invest Hong Kong (InvestHK) has revealed that it assisted 382 Mainland and overseas companies in setting up or expanding operations in Hong Kong last year, an increase of 27% year-on-year.
 

The total investment brought to Hong Kong’s economy from such activities reached $61.6 billion, with the...

Dec retail sales up 7.8%

1-2-2024

gov_rss

The value of total retail sales in December, provisionally estimated at $36.3 billion, rose 7.8% compared with the same month in 2022, the Census & Statistics Department announced today.

After netting out the effect of price changes over the same period, the provisional estimate represents a 4.8% yea...

Mortgage loans down 25.3%

31-1-2024

gov_rss

The value of residential mortgage loans approved in December 2023 was $18.3 billion, a 25.3% decline compared with November 2023, the Monetary Authority announced today.

Mortgage loans financing primary market transactions dropped 16.3% to $5.2 billion, while those financing secondary market transactions...

Govt boosts ties with ASEAN

30-1-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau briefed political and business communities on the Government's work on boosting ties with the Association of Southeast Asian Nations (ASEAN) at a luncheon today.

Co-organised by the Trade & Industry Department and Invest Hong Kong, the ev...

iAM Smart to suspend service

30-1-2024

gov_rss

The mobile app services of iAM Smart will be temporarily suspended from 11pm on February 2 to perform a system upgrade, the Office of the Government Chief Information Officer announced today.

In addition to explaining that the aim of the system upgrade is to facilitate the introduction of addition...

Multilateral co-operation crucial

29-1-2024

gov_rss

The two-day 17th Asian Financial Forum (AFF) concluded successfully on Thursday (January 25). AFF is Hong Kong's annual flagship event and a key event for the region's financial community. The forum this year, which returned to a fully physical format for the first time since the COVID-19 pandemic, gathered of...

E-commerce task force meeting held

29-1-2024

gov_rss

The Commerce & Economic Development Bureau today established the E-commerce Development Task Force and convened its first meeting to kick-start the work on co-ordinating and formulating policies and measures on the development of electronic commerce.

The Chief Executive announced in the 2023 Policy A...

Tourism strategy body meets

29-1-2024

gov_rss

The Tourism Strategy Committee, chaired by Secretary for Culture, Sports & Tourism Kevin Yeung, held its first meeting today.

Mr Yeung invited committee members' preliminary views on the formulation of the Development Blueprint for Hong Kong's Tourism Industry 2.0.

     ...

Over 50s intern for new careers

25-1-2024

gov_rss

To encourage the latent work force to enter the labour market, the Employees Retraining Board's Post-50 Internship Programme assists individuals aged 50 or above by equipping them with new skills to re-enter the workforce or change careers.

About 800 people have signed up for the programme in the 2023-24...

HK to foster mega events economy

26-1-2024

gov_rss

Deputy Financial Secretary Michael Wong announced today that the Government will boost a mega events economy and consolidate Hong Kong’s status as an international city through reaching out more proactively.

Over 80 mega events will be held in the first half of 2024, covering culture and art, sp...

Exchange Fund gains $212.7b

26-1-2024

gov_rss

The Exchange Fund recorded an investment income of $212.7 billion in 2023, with an investment return of 5.2%, the Monetary Authority announced today.

Commenting on the fund's investment results, the authority's Chief Executive Eddie Yue said even though the investment environment in 2023 was extre...

Dec exports value up 11%

25-1-2024

gov_rss

The value of Hong Kong's total exports increased to $386.4 billion in December 2023, up 11% on the same month in 2022, the Census & Statistics Department announced today.

The value of goods imports rose 11.6% to $446.3 billion for the same period.

A trade deficit of $59.9 billion, or 13.4% of t...

CE meets financial regulatory minister

25-1-2024

gov_rss

Chief Executive John Lee today met Minister of the National Financial Regulatory Administration (NFRA) Li Yunze to exchange views on further strengthening Hong Kong’s financial co-operation with the Mainland.
 

After welcoming Mr Li and his delegation to Hong Kong, and thanking them for their p...

New measures to boost financial ties

24-1-2024

gov_rss

The Hong Kong Special Administrative Region Government welcomed today's announcement by the People’s Bank of China (PBoC) on a series of measures which deepen financial co-operation between the Mainland and Hong Kong.

Chief Executive John Lee expressed his deep gratitude for the staunch support of the ...

Financial bilateral meetings held

24-1-2024

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui today held bilateral meetings with overseas senior officials and representatives from the European Commission on the sidelines of the Asian Financial Forum 2024.

Mr Hui met Minister of Finance of Qatar Ali bin Ahmed Al-Kuwari, and Egypt'...

HK stands firm against protectionism

24-1-2024

gov_rss

Sustainable development, it is fair to say, is embraced by countries all over the world. Achieving it, however, is getting increasingly difficult. As the United Nations (UN) Sustainable Development Report 2023 puts it, at the halfway point of the 2030 Agenda, the world is far-off track in achieving sustainable...

HK, Croatia sign tax pact

24-1-2024

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui today signed a comprehensive avoidance of double taxation agreement (CDTA) with Croatia on behalf of the Hong Kong Special Administrative Region Government.

The agreement, signed in Hong Kong, sets out the allocation of taxing rights bet...

Alert issued over fake CE video

24-1-2024

gov_rss

The Government today appealed to the public to stay vigilant against TV programme clips created by artificial intelligence circulating online about an investment plan purportedly recommended by the Chief Executive.

It stressed that the so-called remarks by the Chief Executive are fictitious and vehementl...

HK committed to digital assets: CE

24-1-2024

gov_rss

Good morning. I am delighted to welcome you all to Hong Kong, and to this 2024 Asian Financial Forum (AFF).

This is the first time for the forum to be held entirely in person since 2020. Yes, we are back to business and finance, to deal-making, and day-to-day and day-to-night networking – today, tomorr...

Views sought on information sharing

23-1-2024

gov_rss

The Monetary Authority today launched a public consultation on its proposal to allow authorised institutions to share information on customer accounts to prevent and detect financial crime.

The proposal includes legislative amendments that would provide legal protections to such institutions and o...

Tourism committee members named

22-1-2024

gov_rss

The Government today announced the appointment of 19 members to the newly established Tourism Strategy Committee for the period from January 22, 2024, to December 31, 2025.

Chaired by Secretary for Culture, Sports & Tourism Kevin Yeung, the committee is tasked to provide the Government with st...

Inflation at 2.4% in December

22-1-2024

gov_rss

Consumer prices increased 2.4% year-on-year in December, a slightly smaller decline than that registered in November, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1.4%, also slightly lower ...

Govt backs arts council's decision

19-1-2024

gov_rss

Secretary for Culture, Sports & Tourism Kevin Yeung today endorsed the decision of the Arts Development Council regarding the funding arrangement for the Hong Kong Drama Awards.

In a statement, Mr Yeung said government departments and government-funded organisations are obliged to ensure public funds...

Paul Chan concludes Davos visit

19-1-2024

gov_rss

Financial Secretary Paul Chan concluded the final day of his visit to Davos, Switzerland, by meeting World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala today.
 
Accompanied by Secretary for Commerce & Economic Development Algernon Yau, Mr Chan gave Ms Okonjo-Iweala a briefing on...

FS joins talks on global economy

19-1-2024

gov_rss

Financial Secretary Paul Chan yesterday attended the Informal Gathering of World Economic Leaders and two thematic discussion sessions on the fourth day of his visit to Davos, Switzerland, for the World Economic Forum (WEF) Annual Meeting.
 

At the informal gathering, held yesterday morning, Mr C...

Duncan Chiu chairs tech committee

18-1-2024

gov_rss

The Innovation & Technology Commission announced today that it appointed Duncan Chiu as Chairman of the Steering Committee of the Research, Academic & Industry Sectors One-plus (RAISe+) Scheme.

To further promote the “1 to N” transformation of research and development (R&D) outcome...

FS meets leaders at global forum

18-1-2024

gov_rss

Financial Secretary Paul Chan met various political and business leaders and gave two speeches at the ongoing World Economic Forum (WEF) Annual Meeting in Davos, Switzerland yesterday.

Mr Chan attended bilateral meetings with a number of financial and economic officials from the Middle East and Central A...

HK aims to boost tourism appeal

17-1-2024

gov_rss

Secretary for Culture, Sports & Tourism Kevin Yeung today said the Tourism Board (TB) plans to launch new campaigns this year to promote courtesy and service quality, with the aim of consolidating Hong Kong’s position as an international tourist destination.

Answering legislators’ questions, Mr Y...

FS promotes HK in Davos

16-1-2024

gov_rss

Financial Secretary Paul Chan yesterday arrived in Davos, Switzerland yesterday for the start of the five-day World Economic Forum (WEF) Annual Meeting.

Accompanied by Secretary for Commerce & Economic Development Algernon Yau, Mr Chan spoke to political and business leaders about Hong Kong’s lates...

Alert issued over fake FS interviews

15-1-2024

gov_rss

The Financial Secretary’s Office today appealed for heightened vigilance against online deceptive advertisements purported to be interviews with the finance chief.

It recently noticed that a number of deceptive advertisements and webpages carrying the Financial Secretary’s name and news photos have a...

HK prepares for CNY visitor arrivals

15-1-2024

gov_rss

In anticipation of an increased number of inbound visitors during the Mainland’s Chinese New Year Golden Week, from February 10 to 17, Secretary for Culture, Sports & Tourism Kevin Yeung today chaired a meeting to co-ordinate preparation work.

Convened by the Culture, Sports & Tourism Bureau, t...

132k firms newly registered in 2023

15-1-2024

gov_rss

The total number of local companies registered in Hong Kong stood at 1,430,758 at the end of 2023, with 132,246 having been newly registered during the year, the Companies Registry announced today.

In 2023, 960 non-Hong Kong companies registered a newly established place of business in Hong Kong under th...

FS headed to Davos

13-1-2024

gov_rss

Financial Secretary Paul Chan will depart for Davos in Switzerland tomorrow to attend the World Economic Forum (WEF) Annual Meeting from January 15 to 19.

Secretary for Commerce & Economic Development Algernon Yau will participate in parts of the programme, along with a team from Hong Kong which incl...

Algernon Yau meets Beijing officials

11-1-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau met with two Beijing officials as he continued his visit to the city today.

In the morning, Mr Yau met with Beijing Municipal Commerce Bureau Deputy Director-General Li Yanling to discuss ties and exchange views on attracting enterprises and...

Star footballers set to play in HK

11-1-2024

gov_rss

Inter Miami CF, led by football superstar Lionel Messi, is headed to the city next month and will take on a specially invited Hong Kong team in an exhibition match.

Secretary for Culture, Sports & Tourism Kevin Yeung noted that the match has been awarded “M” Mark status, an iconic recognition for...

CNY night parade set for Feb 10

11-1-2024

gov_rss

The Cathay International Chinese New Year Night Parade will be held on February 10 in Tsim Sha Tsui, the Tourism Board announced today.

The parade, featuring nine floats, along with 13 local and 16 international performing groups, will start at the Hong Kong Cultural Centre Piazza, proceed along C...

Algernon Yau starts Beijing trip

10-1-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau today called on State Council Hong Kong & Macao Affairs Office Director Xia Baolong and visited a satellite technology company in Beijing.

He gave Mr Xia an overview of the latest situation and the way forward in key work areas of the Com...

FTA to cover more product categories

9-1-2024

gov_rss

Hong Kong today signed a protocol to almost treble the range of specified product categories to be covered by the city’s free trade agreement (FTA) with the Association of Southeast Asian Nations (ASEAN).

The protocol will update the product specific rules (PSR) of origin under the FTA, enhancing PSR c...

Exhibition sector thriving in HK: FS

8-1-2024

gov_rss

As the first mega international trade gathering of 2024, this sets the stage for what promises to be a busy and productive year ahead.

"Innovative Play: A Legend Across Time" is a fitting theme for this event. It embraces Hong Kong's spirit of innovation. This spirit is reflected by the new zones this ye...

Algernon Yau to visit Beijing

8-1-2024

gov_rss

Secretary for Commerce & Economic Development Algernon Yau will depart for a visit to Beijing tomorrow evening.

During his stay in Beijing, Mr Yau will call on the State Council’s Hong Kong & Macao Affairs Office, the Beijing Municipal Commerce Bureau, the China National Intellectual Property A...

Nov retail sales up 15.9%

4-1-2024

gov_rss

The value of total retail sales in November, provisionally estimated at $34.2 billion, rose 15.9% compared with the same month in 2022, the Census & Statistics Department announced today.
 
After netting out the effect of price changes over the same period, the provisional estimate represents a ...

Phase 2 trade platform fully launched

30-12-2023

gov_rss

The Government today announced that Phase 2 services of the Trade Single Window (TSW), covering a total of 28 types of trade documents, have been fully implemented ahead of schedule to further facilitate the trade.

Together with the 14 types of trade documents covered by Phase 1, the TSW services ...

Mortgage loans down 1.7%

29-12-2023

gov_rss

The value of residential mortgage loans approved in November was $24.5 billion, a 1.7% decline compared with October, the Monetary Authority announced today.

Mortgage loans financing primary market transactions rose 10.1% to $6.2 billion, while those financing secondary market transactions increased 17.1...

Funding set for 3 TV shows

29-12-2023

gov_rss

Three local television stations will receive around $25.47 million in total funding to co-produce variety programmes with Mainland or Asian production teams, the Culture, Sports & Tourism Bureau announced today.

The Chief Executive proposed in the 2022 Policy Address to support the co-production of v...

CS elaborates on Qianhai plan

28-12-2023

gov_rss

Chief Secretary Chan Kwok-ki, together with officials from the central authorities and the governments of Guangdong, Macau and Shenzhen, attended a press conference in Beijing today, where they introduced the latest developments of the Greater Bay Area (GBA), which covered the Overall Development Plan for the...

Nov exports value up 7.4%

28-12-2023

gov_rss

The value of Hong Kong’s total exports increased to $386.6 billion in November, up 7.4% on the same month last year, the Census & Statistics Department announced today.

The value of goods imports increased 7.1% to $414.6 billion for the same period.

A trade deficit of $27.9 billion, or 6.7% o...

Policy holders’ protection plan backed

28-12-2023

gov_rss

The Financial Services & the Treasury Bureau today published a paper on the conclusions of the consultation on the proposal to establish a policy holders’ protection scheme (PPS), which outlined the views received during the consultation period, the Government’s response and the way forward.

...

Stablecoin issuer regulation mooted

27-12-2023

gov_rss

The Financial Services & the Treasury Bureau and the Monetary Authority today jointly issued a public consultation paper to gather views on the legislative proposal to regulate stablecoin issuers.

In view of the important roles played by stablecoins in the Web3 and virtual asset (VA) ecosystem, and t...

Capitalising on HK's advantages

19-12-2023

gov_rss

Numerous renowned Mainland companies have chosen to list in Hong Kong, capitalising on the city’s distinct advantages.

Among them is a leading Mainland sportswear company which recently invested in expanding its headquarters in Hong Kong.

The group’s Executive Chairman Li Ning explained that it...

Answering letters to Santa

21-12-2023

gov_rss

The Christmas season is upon us once more, which means post offices are brimming with letters to Santa Claus from kids and grown-ups too. For the past 40 years, a special team of Santa’s elves at Hongkong Post has ensured each letter gets a personalised response.

Festive mail
Hongkong Post receives ...

CE welcomes Qianhai, Hengqin plans

21-12-2023

gov_rss

Chief Executive John Lee welcomed the central government's promulgation of the Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone and the Overall Development Plan for the Guangdong-Macao Zone in Hengqin on December 21.

Mr Lee said the Hong Kong Special A...

Inflation at 2.6% in November

21-12-2023

gov_rss

Consumer prices increased 2.6% year-on-year in November, a slightly smaller decline than that registered 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 1.6%, also slightly lower t...

Views on global tax sought

21-12-2023

gov_rss

The Government today launched a consultation exercise to gather views on the implementation of the global minimum tax under the international tax reform proposals drawn up by the Organisation for Economic Co-operation & Development.

Pillar Two of the reform proposals, commonly known as BEPS 2.0, was ...

SMS sender scheme set for Dec 28

20-12-2023

gov_rss

The Office of the Communications Authority (OFCA) today announced that the SMS Sender Registration Scheme will be launched on December 28 to help members of the public verify SMS senders’ identities and beware of scams.

The scheme will first be implemented in the telecommunications sector and all regis...

New investment scheme outlined

19-12-2023

gov_rss

The Government today announced details of the new Capital Investment Entrant Scheme (CIES), which it aims to officially launch and invite applications for in mid-2024.

At a press briefing this afternoon, Secretary for Financial Services & the Treasury Christopher Hui said the new scheme will h...

Sha Tau Kok tour applications open

18-12-2023

gov_rss

Up to 1,000 tourists per day will be allowed to visit all parts of Sha Tau Kok, except Chung Ying Street, after applying online for a Closed Area Permit (CAP) as the boundary town is set to further open up in 2024.

The second phase opening-up of Sha Tau Kok will begin on January 1 and the quota fo...

Budget consultation gets underway

17-12-2023

gov_rss

The Government today commenced its public consultation exercise for the 2024-25 Budget.

Financial Secretary Paul Chan said Hong Kong’s economy is picking and showing positive growth, although the strength of the recovery following the pandemic is weaker than what was expected at the beginning of this y...

Competition unleashes 5G creativity

14-12-2023

gov_rss

5G technology is characterised by high-speed connections and low latency, and has applications in everything from smart homes to remote healthcare and virtual shopping. Many young students are curious about what the technology means and how it can be effectively utilised.

Students from Nam Wah Catholic S...

Nicolas Aguzin’s contribution valued

15-12-2023

gov_rss

The Government today thanked Hong Kong Exchanges & Clearing (HKEX) Chief Executive Nicolas Aguzin for his contribution to Hong Kong’s financial market during his three-year tenure.

HKEX announced that Mr Aguzin will not seek reappointment upon completion of his current contract.

The Governmen...

Youth entrepreneurs alliance formed

15-12-2023

gov_rss

Chief Secretary Chan Kwok-ki today officiated at the launch ceremony of the Alliance of Hong Kong Youth Innovation & Entrepreneurial Bases in the Greater Bay Area, which will provide a one-stop information, publicity and exchange platform to support youth entrepreneurs.

Speaking at the ceremon...

TV, radio services codes revised

15-12-2023

gov_rss

The revised Television & Radio Codes of Practice (CoPs) took effect upon gazettal today, introducing specific requirements for the implementation of and giving effect to the National Security Law, the Communications Authority announced.

The authority said the introduction of the specific requi...

HK strives to attract capital

15-12-2023

gov_rss

Over the past 15 years, you and your association (Hong Kong Investor Relations Association) have played a pivotal role in bolstering Hong Kong’s longstanding position as a leading international financial centre.

That is not surprising, of course, given that most of the association’s 1,300 members wor...

Aviation leaders join innovation forum

14-12-2023

gov_rss

The Asia Pacific Region Innovation & Capacity Building Symposium 2023 (APICS 2023) started today at the AsiaWorld-Expo, joined by over 1,500 aviation professionals from around the world.

The symposium is jointly organised by the Civil Aviation Administration of China, the Hong Kong Civil Aviation Dep...

Christopher Hui meets Hanoi officials

14-12-2023

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui today met officials and toured enterprises during his visit to Hanoi, Vietnam.

Vietnamese State Securities Commission Vice Chairman Luong Hai Sinh met Mr Hui in Hanoi on behalf of the Vietnamese Ministry of Finance.

They discussed ...

Cybersecurity symposium held

14-12-2023

gov_rss

Secretary for Innovation, Technology & Industry Prof Sun Dong officiated at the Cybersecurity Symposium 2023 today and shared the Government's latest efforts in safeguarding cybersecurity and facilitating data flow in Hong Kong.

The symposium is co-organised by the Office of the Government Chief Info...

HK promoted in Vietnam

13-12-2023

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui today started his visit to Vietnam where he met the top management of major financial institutions and elaborated on Hong Kong's strengths at gatherings with leading business chambers in Ho Chi Minh City.

Addressing a business luncheon c...

Latest Business News

最新商業資訊


Kevin Yeung views artworks  20-4-2024

gov_rss

Secretary for Culture, Sports & Tourism Kevin Yeung today visited Ambassador for Cultural Promotion Xu Bing's art exh...


Market access measures welcomed  19-4-2024

gov_rss

The Hong Kong Special Administrative Region Government warmly welcomed the measures announced by the China Securities Reg...


HK can help Mainland firms thrive: FS  19-4-2024

gov_rss

Financial Secretary Paul Chan concluded his trip to Suzhou today by visiting an enterprise that engages in hydrogen power...


Chinese culture festival set  18-4-2024

gov_rss

The inaugural Chinese Culture Festival (CCF) will be held from June to September, presenting various performing ar...