Hong Kong Business News
香港商業資訊
News Article List |
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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 institutions on the latest developments in Hong K... |
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 selected programme under the scheme will recei... |
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 $11.8 billion. Loans for refinancing surg... |
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 year, Invest Hong Kong (InvestHK) assisted 40 com... |
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 financial services, for in-depth discussions wi... |
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 identities through the iAM Smart mobile appli... |
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 from international organisations, academic instit... |
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 value of imports, was recorded for the month. |
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 business matching enterprises. As one of ... |
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 Conference organised by the China Association of Autom... |
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 Chan stressed that Hong Kong has restored its glob... |
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 consultation was conducted from November 27, 2023, to Ja... |
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 economic and trade relations between Hong Kong an... |
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 Special Administrative Region Government's plan and... |
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 gathered more than 400 tax officials, tax experts, as ... |
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 Fernandez-Pita to discuss strengthening co-oper... |
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 Singapore on Hong Kong's latest developments and... |
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 rating rose by eight points, the largest improv... |
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. Spain Startup organises the renowned innov... |
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 microelectronics enterprises as well as key scien... |
FS to visit Spain and UK21-9-2024
Financial Secretary Paul Chan will depart tomorrow for Europe, where he will visit Madrid and London before returning to Hong Kong on September 29. Mr Chan will lead a delegation from the innovation and technology (I&T) sector on the trip. It will comprise senior executives from the Science & Technology Parks (HKSTP) and Cyberport, as well as... |
Golden Week crowd control set20-9-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today chaired an interdepartmental meeting to follow up on the preparation work for the arrival of visitors to Hong Kong during the Mainland's National Day Golden Week. Mr Yeung noted that the Hong Kong Special Administrative Region Government will maintain close liaison with various government ... |
CE attends economic symposium20-9-2024
Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, attended the 27th Beijing Hong Kong Economic Cooperation Symposium and the Hong Kong Investment Promotion Conference in Beijing today. Themed âLeveraging mutual strengths, creating prosperity togetherâ, the symposium, which runs until tomorrow at the Zho... |
Inflation at 2.5% in August20-9-2024
Overall consumer prices rose 2.5% year-on-year in August, the same as that in July, the Census & Statistics Department announced today. Netting out the effects of the Governmentâs one-off relief measures, underlying inflation was 1.2%, also unchanged from July. Compared with August last year, price increases were seen in the following ... |
Algernon Yau attends ASEAN session20-9-2024
Secretary for Commerce & Economic Development Algernon Yau and Minister of Industry & Commerce of Laos Malaithong Kommasith co-chaired the eighth Association of Southeast Asian Nations (ASEAN) Economic Ministers - Hong Kong, China (HKC) Consultation in Vientiane today. The session discussed issues relating to the implementation of the ASEAN-H... |
FS calls on Ministry of Finance19-9-2024
Financial Secretary Paul Chan, accompanying the Chief Executive on his visit to Beijing, called on Minister of Finance Lan Foâan today. Mr Chan thanked the Ministry of Finance for its staunch support to Hong Kong in various areas. He then had in-depth exchanges with Mr Lan on the economic and financial situations of the Mainland, Hong Kong and ... |
New industrialisation pact signed19-9-2024
Chief Executive John Lee and Minister of Industry & Information Technology Jin Zhuanglong today witnessed the signing of the Co-operation Agreement on the Development of New Quality Productive Forces & the Promotion of New Industrialisation between the Hong Kong Special Administrative Region Government and the Ministry of Industry & Information... |
HK soars in talent ranking19-9-2024
The International Institute for Management Development (IMD) today published its World Talent Ranking 2024, with Hong Kong returning to the top 10 for the first time since 2016 as it rose from 16th to ninth. Hong Kong improved across all three talent competitiveness factors as compared to last year. Its position rose from sixth to fourth in ârea... |
Base rate lowered to 5.25%19-9-2024
The Monetary Authority today announced that it has decreased the base rate to 5.25% with immediate effect. The decrease follows a 50-basis point downward shift in the target range for the US federal funds rate on September 18. The base rate is the interest rate forming the foundation upon which the Discount Rates for repurchase transactions thr... |
Algernon Yau to depart for Laos18-9-2024
Secretary for Commerce & Economic Development Algernon Yau will depart for Vientiane, Laos, tomorrow to attend the eighth Association of Southeast Asian Nations (ASEAN) Economic Ministers - Hong Kong, China (HKC) Consultation meeting to be held on September 20. Mr Yau and the participating economic ministers of ASEAN member states will discuss th... |
CE to visit Beijing17-9-2024
Chief Executive John Lee will lead a Hong Kong Special Administrative Region Government delegation on a visit to Beijing from September 19. On September 20, they will attend the opening ceremony of the 27th Beijing-Hong Kong Economic Cooperation Symposium and Beijing-Hong Kong Cooperation Promotion Conference. During the visit, Mr Lee will also atten... |
US legislation condemned17-9-2024
Chief Executive John Lee today condemned the US House of Representativesâ passage of the Hong Kong Economic & Trade Office Certification Act, which he said will only harm US trade ties with Hong Kong. Mr Lee made a statement on the matter before attending an Executive Council meeting this morning. He said the move by the US is a political ta... |
Investment scheme well received16-9-2024
Invest Hong Kong today reported a strong response to the New Capital Investment Entrant Scheme (New CIES) which has received more than 500 applications and over 5,000 enquiries since its launch on March 1. Citing the figures as of September 13, InvestHK expects the scheme will bring an investment amount of more than $15 billion into the c... |
New Industrialisation fund launched16-9-2024
The Innovation & Technology Commission today launched a $10 billion New Industrialisation Acceleration Scheme to provide funding support for enterprises in strategically important industries to set up new smart production facilities in Hong Kong. The Government will provide funding by supplementing investments, on a 1:2 basis, by enterpris... |
New talent embrace HK life13-9-2024
Cantonese as a tonal language can be difficult to learn. Hong Kong Talent Engage (HKTE) has partnered with Hong Kong Wen Wei Management College to offer a regular Cantonese course to help newly arrived talent integrate into the community. Through small-group teaching and interactive methods, the instructors introduce Cantonese knowledge to the new a... |
HK-ASEAN ties hold huge promise13-9-2024
Hong Kong values its strong relations with the Association of Southeast Asia Nations (ASEAN) region. Trade powers our deep, valued and endlessly expanding, ties. For good reason. ASEAN has been our second-largest merchandise trade partner for more than a decade. Last year, our trade reached US$145 billion. That, ladies and gentlemen, accounted for nearly 1... |
CE meets top Vietnamese official11-9-2024
Chief Executive John Lee today met visiting Permanent Deputy Prime Minister of Vietnam Nguyen Hoa Binh at Government House. Mr Lee welcomed the Vietnamese officialâs visit to Hong Kong with his delegation for the Ninth Belt & Road Summit. The Chief Executive said Hong Kong and Vietnam are important economic partners and the Hong Kong S... |
HK key to Belt-Road Initiative11-9-2024
Good morning. And welcome, one and all, to the Ninth Belt & Road Summit, an annual summit held by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council. I am pleased to say that this year's summit has attracted around 6,000 high-profile individuals from some 70 countries and regions. These includ... |
Algernon Yau condemns US smears11-9-2024
Secretary for Commerce & Economic Development Algernon Yau said today that the Hong Kong Special Administrative Region Government strongly condemned the US House of Representatives for slandering the laws on safeguarding national security in Hong Kong. Speaking to the media after attending the Ninth Belt and Road Summit, Mr Yau outlined the Gover... |
Opportunities abound in HK: FS11-9-2024
Since it was first proposed by President Xi Jinping in 2013, the Belt & Road Initiative has connected countries, regions and continents through advancing infrastructure development, and strengthening collaboration in trade, investment, and people-to-people exchanges. Over the years, the initiative has delivered real and tangible benefits to commu... |
Tour group food poisoning probed10-9-2024
The Tourism Commission expressed concern about reports of Mainland inbound tour groups seeking medical attention at hospital owing to suspected food poisoning today and immediately contacted the Travel Industry Authority (TIA) to understand the situation and provide assistance to the visitors concerned.
Secretary ... |
New Silver Bond batch launched10-9-2024
The Government announced today the launch of a new batch of the Silver Bond offering a minimum interest rate of 4%, and residents who turn 60 in or before 2025 and hold a valid Hong Kong identity card are eligible for subscription. The target issuance size of the Silver Bond is $50 billion, with each unit offered at $10,000 and a tenor of thre... |
Sun Dong attends cybersecurity week8-9-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong attended the opening ceremony of 2024 China Cybersecurity Week this morning in Nansha, Guangzhou and witnessed the signing of a Memorandum of Understanding (MoU) on cybersecurity collaboration. The MOU was signed by the Digital Policy Office of the Hong Kong Special Administrative Reg... |
US business advisory misleading7-9-2024
The Hong Kong Special Administrative Region Government today rejected the misleading and untruthful remarks on Hong Kong's legal system and business environment in the so-called updated "business advisory" issued by various departments of the US government which tried to create panic. It said in a statement that it is necessary to make clarifi... |
Cybersecurity campaign launched7-9-2024
The 2024 Cybersecurity Awareness Campaign organised by the Digital Policy Office (DPO) was officially launched today to support China Cybersecurity Week, the Innovation, Technology & Industry Bureau said. The campaign kicked off with the 2024 Cybersecurity Awareness Fun Day, jointly organised by the DPO, Police and the Hong Kong Computer Emergenc... |
Sun Dong to depart for GZ6-9-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong will depart tomorrow for Nansha, Guangzhou, where will deliver a speech at the opening ceremony of 2024 China Cybersecurity Week. Taking as its theme âCybersecurity for the People, Cybersecurity relies on the Peopleâ, this yearâs cybersecurity week is hosted by the Cyber... |
Kevin Yeung meets French creatives6-9-2024
On the second day of a visit to Paris, France, Secretary for Culture, Sports & Tourism Kevin Yeung yesterday met representatives of the creative and design industries. In the morning, Mr Yeung discussed opportunities for stronger collaboration between Hong Kong and Paris in the creative and design industries with Philippe Delhomme, President-Exec... |
FS concludes visit to Australia5-9-2024
Before wrapping up his visit in Australia today, Financial Secretary Paul Chan promoted Hong Kong's business advantages to local business leaders in Sydney. |
GD to issue bonds in HK5-9-2024
The Hong Kong Special Administrative Region Government welcomed today's announcement by the People's Government of Guangdong Province that it will issue offshore renminbi (RMB) local government bonds in Hong Kong, which will be listed on the Hong Kong Stock Exchange. |
FS meets tech firms in Sydney4-9-2024
Financial Secretary Paul Chan today visited Sydney to meet the Governor of the Reserve Bank of Australia, local fintech companies and members of the Hong Kong community based in the city. In the morning, Mr Chan met Governor of the Reserve Bank of Australia (RBA) Michele Bullock to discuss the current global and regional economy, financial market sit... |
FS attends Asia Summit3-9-2024
On the second day of his visit in Melbourne, Financial Secretary Paul Chan attended the Asia Summit, called on Chinese Consul-General in Melbourne Fang Xinwen and met a Hong Kong electric vehicle charging operator and its Australian partner. Mr Chan delivered a speech that highlighted Hong Kong’s opportunities for Australia’s business and financi... |
FS visits Melbourne2-9-2024
Financial Secretary Paul Chan today met senior officers of the Australia China Business Council (ACBC) and attended a lunch event as he continued the Melbourne leg of his visit to Australia. In the morning, Mr Chan met National Chief Executive Officer of the ACBC Tom Parker and President of the ACBC (Victoria) Rhys Roberts to discuss economic m... |
B&R Summit adopts green theme30-8-2024
The 2024 edition of the Belt & Road Summit, co-organised by the Hong Kong Special Administrative Region Government and the Trade Development Council (TDC), will be held on September 11 and 12 at the Convention & Exhibition Centre. Themed “Building a connected, innovative and green Belt & Road”, this year’s summit is anticipated to a... |
FS to visit Australia31-8-2024
Financial Secretary Paul Chan will depart for Australia for a duty visit tomorrow, the Government announced today. In Melbourne and Sydney, Mr Chan will meet members of the local business, finance, and innovation and technology sectors, as well as call on various enterprises. In addition to attending luncheons to explain Hong Kong’s latest si... |
Govt supports SMEs' transformation30-8-2024
The Government’s staunch support for local small and medium enterprises (SMEs) has long been a cornerstone of its economic strategy – and no better illustration of this approach is offered by the Digital Transformation Support Pilot Programme. Launched in late March, the programme has already supported more than 600 applicants in accessing ready... |
July retail sales dip 11.8%30-8-2024
The value of total retail sales in July, provisionally estimated at $29.1 billion, decreased 11.8% compared with the same month in 2023, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales for the month was 13.3% lower ... |
RTHK advisory chief reappointed30-8-2024
The Government announced today that the Chief Executive has reappointed Lam Tai-fai as Chairman of the Radio Television Hong Kong (RTHK) Board of Advisors. The Chief Executive has also reappointed five incumbent members and appointed seven new members to the board. They will serve for two years with effect from September 1. The fiv... |
Mortgage loans up 1.5%30-8-2024
The value of residential mortgage loans approved in July was $24.8 billion, a 1.5% increase compared with June, the Monetary Authority announced today. Mortgage loans financing primary market transactions rose 0.7% to $8.6 billion, while those financing secondary market transactions dipped 1% to $13.7 billion. Loans for refinancing surged 21.5%... |
FS promotes HK-Jiangsu ties28-8-2024
Visiting Nanjing today, Financial Secretary Paul Chan attended the “SmartHK” event and met Governor of Jiangsu Province Xu Kunlin, as well as Jiangsu businessmen who are investing in Hong Kong. In the morning, he delivered opening remarks at “SmartHK”, noting that Jiangsu has been deepening its efforts towards high-quality opening-up and towa... |
FS hosts meeting on plenary session27-8-2024
The Hong Kong Special Administrative Region Government today invited members of the publicity delegation for the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC Central Committee) to attend a sharing session at Central Government Offices hosted by Financial Secretary Paul Chan. At the session, Na... |
FS to visit Nanjing27-8-2024
Financial Secretary Paul Chan will depart this evening for Nanjing, where he will attend the event “SmartHK” tomorrow. During his visit, Mr Chan will call on the leadership of Jiangsu and Nanjing. He will also meet representatives of the province’s industrial and commercial sectors, as well as Hong Kong business people based there. This y... |
Exports up 13.1% in July27-8-2024
The value of Hong Kong's total exports increased to $390.4 billion in July, up 13.1% on the same month last year, the Census & Statistics Department announced today. The value of the city’s imports increased 9.9% to $412.3 billion in the same period. A trade deficit of $21.8 billion, or 5.3% of the value of total imports, was recorded for... |
Sci-tech cluster ranks 2nd globally27-8-2024
The Hong Kong Special Administrative Region Government welcomed the World Intellectual Property Organization's (WIPO) ranking of the Shenzhen-Hong Kong-Guangzhou cluster as second globally for the fifth consecutive year. It said that the WIPO’s Global Innovation Index 2024 top 100 science and technology (S&T) clusters, published today, continue... |
Sun Dong continues Beijing trip23-8-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong called on Executive Deputy Director of the Hong Kong & Macao Affairs Office of the State Council Zhou Ji on the second day of his trip to Beijing. Prof Sun first visited the National Development & Reform Commission to update its Secretary General Wu Hao on the Hong Kong Special... |
Public services kiosk set up in Zhuhai23-8-2024
The Digital Policy Office announced today the setting up of a Hong Kong Cross-boundary Public Services self-service kiosk in Zhuhai. It explained that the self-service kiosk gives residents and enterprises in Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area access to public services of Hong Kong without the need to travel to t... |
CE meets Djiboutian Prime Minister23-8-2024
Chief Executive John Lee met visiting Djiboutian Prime Minister Abdoulkader Kamil Mohamed at Government House today to exchange views on issues of mutual interest. While welcoming the Prime Minister's visit to Hong Kong, apart from telling him that under the “one country, two systems” principle, Hong Kong has the distinctive advantage of enjoying... |
Report on subdivided units submitted22-8-2024
The Task Force on Tackling the Issue of Subdivided Units today submitted a report to the Chief Executive, following an in-depth study conducted over the past 10 months. Along with the study’s findings, the report makes detailed recommendations. As head of the task force, Deputy Financial Secretary Michael Wong elaborated on its proposals for ... |
UN pre-summit held22-8-2024
The Financial Services & the Treasury Bureau (FSTB) today co-hosted with the United Nations (UN) in China the United Nations Pre-Summit of the Future Dialogue, in anticipation of the UN Summit of the Future scheduled to be held in New York on September 22 and 23. |
Sun Dong visits central ministries22-8-2024
Secretary for Innovation, Technology & Industry Prof Sun Dong today visited the Ministry of Industry & Information Technology and the National Health Commission, and attended the 2024 World Robot Conference in Beijing. |
Biased Bloomberg report rejected20-8-2024
The Hong Kong Special Administrative Region Government today said it opposed Bloomberg’s biased report on the submissions made by some organisations on the proposed legislative framework to enhance protection of computer systems of critical infrastructures, taking the views of the submissions out of context. |
July sees 2.5% inflation20-8-2024
Overall consumer prices rose 2.5% year on year in July, a higher rate of increase than the 1.5% seen in June, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1.2%, also higher than that recorded in June. Compared with July last year, price i... |
CE attends Policy Address forum18-8-2024
Chief Executive John Lee today led his team of principal officials to attend a district forum to listen to the public's views on the upcoming Policy Address. Held at Tai Po Government Primary School and joined by about 120 people from different backgrounds, the two-hour district forum consisted of two sessions. In the first session, the Chief E... |
Residents to test driverless buses16-8-2024
Starting at the end of this month, two autonomous shuttle light buses will begin a trial run at Fairview Garden in Yuen Long for about seven months. Residents will be able to use the driverless vehicles as they shuttle along a 2.5km loop road in the housing estates. While both light buses have similar specifications, one has 12 seats and the other ha... |
Kevin Yeung visits Sichuan16-8-2024
Secretary for Culture, Sports & Tourism Kevin Yeung, while visiting Sichuan today, attended the co-operation agreement signing ceremony on the gift of a pair of giant pandas from the central government to the Hong Kong Special Administrative Region. At the Dujiangyan Base of the China Conservation & Research Centre for the Giant Panda (CCRCGP... |
Sharp rise in firms locating in HK15-8-2024
As Hong Kong’s economic recovery gathers pace, bolstered by support at a national level, data from Invest Hong Kong (InvestHK) indicates that companies are accelerating their business expansion in the city. In the first half of 2024, the department assisted 322 companies in setting up or expanding their operations in Hong Kong, representing a 43% i... |
AI subsidy committee appointed12-8-2024
The Government today announced the appointments of members to the Committee of the Artificial Intelligence Subsidy Scheme for a three-year term from August 15. To promote the development of the local artificial intelligence (AI) ecosystem, the Government has allocated $3 billion for the launch of a three-year AI Subsidy Scheme to support local univer... |
Scheme boosts new industrialisation8-8-2024
In July 2020, the Government launched the New Industrialisation Funding Scheme (NIFS) to subsidise local manufacturers in setting up new smart production lines in Hong Kong. The NIFS involves awarding grants, with the Government topping up sums spent by companies on new equipment on a 1:2 basis. Established in 2010, Sam Chan’s company – a family-... |
I&T grand challenge pitch held10-8-2024
The second City I&T Grand Challenge concluded its Grand Pitch at the Hong Kong Science Park today where more than 500 guests, as well as an online audience, witnessed the emergence of the next generation of innovators. Organised by the Innovation & Technology Commission together with the Science & Technology Parks Corporation, the City I&... |
Olympic spirit boosts local business7-8-2024
In an inspiring display of togetherness, local citizens have been cheering the city's athletes to glory in the Olympic Games despite a six-hour time difference between Hong Kong and Paris. The Hong Kong Special Administrative Region Government acquired the television broadcasting rights for the Paris Olympic Games and the upcoming Paralympic Games, p... |
ASEAN tour yields fruitful results2-8-2024
Chief Executive John Lee revealed that Hong Kong signed a total of 55 memoranda of understanding and agreements with Laos, Cambodia and Vietnam during his visit to three Association of Southeast Asian Nations (ASEAN) member states aimed at enhancing co-operation and mutual development. Mr Lee, while leading a Hong Kong Special Administrative Region d... |
CE visits Ho Chi Minh City2-8-2024
Chief Executive John Lee toured Ho Chi Minh City, Vietnam, on the final day of his duty visit to three Association of Southeast Asian Nations (ASEAN) member states, where he met local government and business leaders and visited a garment manufacturer. |
Shanghai Culture Week opens2-8-2024
The opening ceremony and reception for Shanghai Culture Week was held today at the Hong Kong Cultural Centre (HKCC). Shanghai Culture Week is presented by the Leisure & Cultural Services Department, the Shanghai Municipal Administration of Culture & Tourism and the Center for China Shanghai International Arts Festival. While addressing ... |
Expansion to HK drives success1-8-2024
Johnny Chong is the Chief Executive Officer of a Vietnamese company that provides information and technology (I&T) services. The company expanded to Hong Kong in 2021 given its vision to leverage the city’s unique role as a financial and talent hub and a springboard that would enable it to access more of the Asia-Pacific market. Mr Chong said t... |
First half of 2024 sees visitor surge31-7-2024
The Tourism Board has announced that the provisional figure for visitor arrivals in June was 3.13 million, marking a 14% increase year on year. Cumulatively, about 21 million visitors arrived in Hong Kong in the first half of 2024, representing a 64% increase year on year. Overnight visitors accounted for 50% of all visitor arrivals during the... |
Duty-free measures extended1-8-2024
The central government's new measure of increasing the duty-free allowance for Mainland residents entering the Mainland from Hong Kong has been extended to cover all ports starting from today. The measure, which raises the duty-free allowance for luggage articles brought into the Mainland from RMB5,000 to RMB12,000, with an additional allowance of RM... |
June retail sales dip 9.7%1-8-2024
The value of total retail sales in June, provisionally estimated at $29.9 billion, decreased 9.7% compared with the same month last year, the Census & Statistics Department announced today. After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales for the month was 11.2% lower... |
CE meets Vietnamese President1-8-2024
Chief Executive John Lee achieved remarkable results on day two of his visit in Hanoi, Vietnam, where he met Vietnamese President To Lam and the country’s Deputy Prime Minister. In the morning, Mr Lee, who is leading a Hong Kong Special Administrative Region delegation, had breakfast with staff of the Hong Kong Economic & Trade Office at a loca... |
CE promotes HK in Cambodia31-7-2024
On day two of his visit in Cambodia, Chief Executive John Lee met Cambodian Prime Minister Hun Manet as well as Deputy Prime Minister and Minister of Interior of Cambodia Sar Sokha respectively in Phnom Penh. |
CE meets Cambodian PM31-7-2024
Speaking from Cambodia today, Chief Executive John Lee said his visit to the country has yielded very good results, paving the way for closer collaboration between Cambodia and Hong Kong. At a media session, Mr Lee said he had met Cambodian Prime Minister Hun Manet and that 13 memoranda of understanding (MOUs) had been signed. He related that he had ... |
Economy grows 3.3% in Q231-7-2024
Hong Kong’s economy grew 3.3% in the second quarter of 2024 over the same period a year earlier, down from a 2.8% increase in the first quarter, the Census & Statistics Department announced today. According to the advance estimates, gross domestic product (GDP) increased by 0.4% in real terms in the second quarter of this year on a seasonally a... |
Permit boosts super connector role31-7-2024
From July 10, non-Chinese Hong Kong permanent residents became eligible for Mainland Travel Permits for Hong Kong & Macao Residents (non-Chinese Citizens). Successful applicants are already able to collect their permits from the China Travel Service. Foreign chambers of commerce in Hong Kong welcomed the announcement as it will help strengt... |
Ingrid Yeung visits RTHK30-7-2024
Secretary for the Civil Service Ingrid Yeung visited the Artificial Intelligence Laboratory (AI Lab) at Radio Television Hong Kong (RTHK) in Kwun Tong today to learn more about the department's new directions in the use of technology in television production and meet management and staff representatives. |
Visa-free initiative welcomed30-7-2024
The Hong Kong Special Administrative Region Government welcomed the National Immigration Administration’s announcement on the implementation of Hainan's 144-hour visa-free stay policy for foreign tour groups from Hong Kong and Macau that took effect today. According to the announcement, citizens of countries that have established diplomatic relatio... |
Kevin Yeung concludes Paris tour30-7-2024
Secretary for Culture, Sports & Tourism Kevin Yeung today watched the table tennis mixed doubles bronze and gold medal matches, as well as the badminton women’s doubles matches of the 2024 Paris Olympic Games on the last day of his visit to France. |
CE visits Cambodia30-7-2024
Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, arrived in Phnom Penh, Cambodia, as part of a six-day visit to three countries of the Association of Southeast Asian Nations. Upon arriving in the country's capital today, Mr Lee attended a luncheon hosted by Ambassador Extraordinary & Plenipotentiary of the P... |
CE concludes Laos visit29-7-2024
Chief Executive John Lee today met leaders of the Lao government, and visited a local school, an enterprise and a railway project before attending a business dinner in Vientiane, the capital of Laos. |
Promising future for HK, Laos unity29-7-2024
Chief Executive John Lee said that he believes Hong Kong and Laos will have huge potential and opportunities for co-operation, adding that there is ample room for growth in terms of trade and people-to-people exchanges. |
CE starts ASEAN visit28-7-2024
Chief Executive John Lee, leading a Hong Kong Special Administrative Region delegation, arrived in Vientiane, the capital of Laos, this afternoon to begin a visit to three Association of Southeast Asian Nations (ASEAN) countries - Laos, Cambodia and Vietnam. Upon arrival in Vientiane, Mr Lee attended a dinner hosted by Ambassador Extraordinary & ... |
Cultivating the spirit of hospitality25-7-2024
When it comes to customer service, what kind of an attitude do customers value? Steven Kwong, who has been in the retail industry for over a decade, was the Gold awardee of the Outstanding Quality Tourism Services Merchant Service Staff Award 2022 (Frontline staff) (Jewellery & Watches). People-first culture He offered his perspectiv... |
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