Hong Kong Business News

香港商業資訊

News Article List

CE attends InvestHK reception

20-6-2024

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Chief Executive John Lee today welcomed over 400 senior representatives from Mainland and foreign companies at an Invest Hong Kong (InvestHK) reception, thanking them for their lasting confidence in Hong Kong’s business environment.

He also called upon them to continue using the city’s global advantages to expand their business worldwide.

A...

Christopher Hui joins Shanghai forum

19-6-2024

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Secretary for Financial Services & the Treasury Christopher Hui today attended the 2024 Lujiazui Forum and visited a specialist technology firm in Shanghai.

At the forum, Mr Hui addressed the second plenary session, “Strengthening International Monetary Policy Co-ordination & Addressing the Challenges of Global Economic Recovery”.

H...

Market reform takes effect Sept 23

18-6-2024

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Maintaining trading under severe weather conditions is a key step in enhancing the competitiveness of Hong Kong's market. This reform, being one of the policy initiatives set out in the Policy Address and the Budget as well as a recommendation made by the Task Force on Enhancing Stock Market Liquidity, has won overwhelming support from the financial sector...

Christopher Hui heads for Shanghai

18-6-2024

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Secretary for Financial Services & the Treasury Christopher Hui will depart for Shanghai tomorrow to attend the 2024 Lujiazui Forum.
 
During his stay, Mr Hui will also visit a local financial market institution and fintech enterprises.
 
The Lujiazui Forum is an authoritative financial forum in the country and an influential inte...

HK ranks 5th in competitiveness

18-6-2024

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Hong Kong was ranked the fifth most competitive economy by the International Institute for Management Development in its World Competitiveness Yearbook 2024, up two places from last year.

Among the four competitiveness factors, Hong Kong's rankings in business efficiency and infrastructure rose notably and came within the top 10 globally.

The c...

Interest in Sandy Ridge site invited

17-6-2024

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The Innovation, Technology & Industry Bureau and the Office of the Government Chief Information Officer (OGCIO) today invited expressions of interest (EOI) for the development at Sandy Ridge in North District for innovation and technology and related purposes.

The OGCIO pointed out that a change in the use of the site, which is located in the Nor...

AI dog traces source of pollution

14-6-2024

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With the goal of leveraging technology to enhance work efficiency, the Environmental Protection Department introduced the Artificial Intelligence (AI) Environmental Air Nuisance Investigation Robot Dog to assist the department’s investigators in handling air pollution incidents.

With its capabilities of identifying the properties of unknown gases a...

CreateHK restructuring announced

14-6-2024

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Create Hong Kong (CreateHK) of the Culture, Sports & Tourism Bureau has been restructured as the Cultural & Creative Industries Development Agency (CCIDA) starting today.

The bureau made the announcement today and explained that the goal of restructuring is to proactively promote the development of arts, culture and creative sectors as indust...

Public services kiosks set up in SZ

14-6-2024

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

The self-service kiosks give enterprises and residents in Mainland cities of the Greater Bay Area one-stop access to more than 60 Hong Kong Special Administrative Region Government ser...

SZ-HK financial co-op body formed

13-6-2024

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The Shenzhen-Hong Kong Financial Co-operation Committee was established and convened its first meeting in Hong Kong today.

The committee is co-chaired by Secretary for Financial Services & the Treasury Christopher Hui and Shenzhen Municipal People's Government Vice-Mayor and Director General of the Office of the Financial Affairs Committee of the...

Online job fair attracts 240k views

12-6-2024

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Hong Kong Talent Engage (HKTE) co-hosted an online job fair with recruitment platforms in Hong Kong and the Mainland today, with over 240,000 views and over 2,000 job applications submitted online in about two hours.

Delivering the fair's opening remarks, Secretary for Labour & Welfare Chris Sun said he hoped the webcast could help those interest...

Corporate summer internships start

11-6-2024

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The Scheme on Corporate Summer Internship on the Mainland & Overseas 2024 began today.

Speaking at the kick off ceremony, Chief Secretary Chan Kwok-ki said the scheme has been well regarded since its launch in 2018 and has benefitted over 700 Hong Kong youths so far.

He described the scheme as highlighting Hong Kong's distinctive advantages...

HK payload specialist chosen

11-6-2024

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Chief Executive John Lee congratulated a Hong Kong payload specialist on being selected as one of the country's fourth batch of preparatory astronauts, after the China Manned Space Agency announced the completion of the recruitment today. 

Mr Lee said it is the first time a Hong Kong Special Administrative Region citizen has been selected as a ...

Treasury chief concludes Europe visit

7-6-2024

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Secretary for Financial Services & the Treasury Christopher Hui yesterday visited Lisbon, Portugal, to meet senior officials and local business leaders there.

Mr Hui met Portuguese Secretary of State for Tax Affairs Cláudia Reis Duarte to exchange views on international tax co-operation.

On the removal of Hong Kong from the European Union ...

Christopher Hui visits Spain

6-6-2024

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Secretary for Financial Services & the Treasury Christopher Hui attended a technology and startup summit in Madrid, Spain, and met the top management of the Spanish stock exchange yesterday.

Mr Hui joined the South Summit in the capital of Spain that brought together some 500 speakers, 120 investment funds and over 20 unicorns from around the wor...

CE meets Guangzhou mayor

6-6-2024

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Chief Executive John Lee today met Guangzhou Municipal Government Mayor Sun Zhiyang to exchange views on deepening Hong Kong's co-operation with Guangzhou.

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Cultural co-operation meeting held

6-6-2024

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The 22nd Greater Pearl River Delta Cultural Cooperation Meeting, co-ordinated by the Culture, Sports & Tourism Bureau, concluded in Hong Kong today.

During the meeting attended by about 130 officials and representatives of relevant associations, working group meetings, a meeting of culture departments’ leaders of the three places and a m...

Data, facts reflect HK's bright future

5-6-2024

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The Government today said the remarks by some individuals on Hong Kong's economic and financial development have clearly overlooked the city’s existing advantages and the current positive development momentum and added that it needs to set the record straight.

In a statement, the Government stressed that the real economic growth rates of the...

Christopher Hui visits the Netherlands

5-6-2024

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Secretary for Financial Services & the Treasury Christopher Hui has started his visit to the Netherlands by meeting senior financial officials and fintech professionals as well as joining fintech event Money 20/20 Europe.

During the fireside chat "Regulating the Next Wave of Financial Innovation: Lessons from the East" at Money 20/20 Europe, Mr H...

APIs launched to draw global talent

5-6-2024

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The Government today launched a new set of TV Announcements in the Public Interest (APIs) to appeal to talent across professions on the Mainland and overseas to settle in Hong Kong.

The Hong Kong Talent Engage (HKTE) said the new APIs feature the city’s vibrant and colourful lifestyle, followed by nine arriving talented individuals of different pro...

City in Time tourism project enhanced

5-6-2024

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The Tourism Commission today extended the City in Time tourism project to Lei Yue Mun and upgraded its mobile app features simultaneously to enrich the experience of both locals and tourists.

Secretary for Culture, Sports & Tourism Kevin Yeung said with the concept of “Tourism is everywhere in Hong Kong”, the City in Time project lets locals ...

Govt helps ease retail trade pressure

5-6-2024

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Various measures implemented by the Government could alleviate the operating pressure on the retail sector and help it further develop businesses, Secretary for Commerce & Economic Development Algernon Yau told the Legislative Council today.

Along with a rise in employment earnings, stabilisation of asset markets and further revival in inbound to...

Property sales dip 25.5%

4-6-2024

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​The Land Registry logged 7,361 sale and purchase agreements for all building units received for registration in May, down 25.5% compared with April but 39.3% higher year-on-year.

The total consideration for such agreements in May dropped 25.8% from April, to $62.3 billion, while a 39.8% year-on-year increase was recorded.

Of the agreements, ...

Hospitality Campaign launched

3-6-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung today announced the launch of the Hospitality Campaign involving the Culture, Sports & Tourism Bureau, the Education Bureau, the Home Affairs Department, the Tourism Board as well as related government bodies, trades and the community.

Mr Yeung said: “With the Government’s series of hosp...

Christopher Hui headed for Europe

2-6-2024

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Secretary for Financial Services & the Treasury Christopher Hui will depart on a visit to the Netherlands, Spain and Portugal tonight, and will return to Hong Kong on June 8.

The visit is aimed at promoting Hong Kong's vibrant fintech scene, as well as Web3-based financial innovation.

Mr Hui will hold bilateral meetings with senior official...

Mainland tourism trade welcomed

2-6-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung today gave a warm welcome to representatives of the tourism industry and media of the eight cities which were recently added to the Individual Visit Scheme, as they began a visit to Hong Kong.

The eight cities are Taiyuan, Hohhot, Harbin, Lhasa, Lanzhou, Xining, Yinchuan and Urumqi.

 ...

Services funding round opens

1-6-2024

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The Professional Services Advancement Support Scheme has opened a new round of applications for funding from non-profit-distributing organisations, running from today until August 31.

Eligible organisations include professional bodies, trade and industrial organisations, and research institutes.

Involving a total allocation of ...

Paul Chan tours US tech firms

31-5-2024

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Financial Secretary Paul Chan yesterday concluded his visit to the US by visiting two technology companies in Silicon Valley.

One of the companies recycles plastic materials. Mr Chan toured their research and development (R&D) facilities to learn about their patented technologies.

He also introduced Hong Kong's policies in promoting innovat...

April retail sales drop 14.7%

31-5-2024

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The value of total retail sales in April, provisionally estimated at $29.6 billion, was down 14.7% 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 16.5% lower ...

FS attends Bay to Bay Dialogue

30-5-2024

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On day two of his visit in the US, Financial Secretary Paul Chan took part in a dialogue between the California Bay Area and the Guangdong-Hong Kong-Macao Greater Bay Area and a function on climate action in Berkeley, California.
 
Mr Chan is leading a delegation of the Hong Kong Special Administrative Region Government to participate in the two...

CE welcomes Thai PM

29-5-2024

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Chief Executive John Lee today met Thai Prime Minister Srettha Thavisin who is in Hong Kong again after his last visit in October last year.

Welcoming the prime minister, Mr Lee noted that Hong Kong and Thailand have frequent economic and trade exchanges.

Thailand is Hong Kong's fourth-largest trading partner among the Association of Southeast ...

FS begins US visit

29-5-2024

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Financial Secretary Paul Chan yesterday began a visit to the US, where he delivered a keynote speech at a business lunch and witnessed the signing of a memorandum of understanding (MOU) between Invest Hong Kong and partners in the San Francisco Bay Area.
 

The lunch was co-organised by the Hong Kong Economic & Trade Office in San Francisc...

Tenements rating system revised

29-5-2024

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The progressive rating system for domestic tenements will be implemented as proposed in the 2022-23 Budget and take effect from the fourth quarter of 2024-25 onwards, the Government announced today.

The Rating (Amendment) Bill 2024 will be published in the Gazette on May 31 and introduced into the Legislative Council on June 12 to give effect to the ...

Innotech research pacts signed

28-5-2024

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Secretary for Innovation, Technology & Industry Prof Sun Dong today witnessed the signing of a Memorandum of Understanding by 24 university research teams for projects participating in the RAISe+ Scheme.

They are the first batch of projects joining the RAISe+ Scheme. The total funding amounts to over $1 billion and covers health and...

More HK firms to use AI: CE

28-5-2024

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I welcome this opportunity to update this powerful audience on Hong Kong, where we are today, and where we plan to be tomorrow and in the time ahead.

First, my congratulations to UBS for hosting the 27th Asian Investment Conference here in Hong Kong. Some 3,000 prominent leaders of global family offices, institutional investors, entrepreneurs and top...

CE meets maritime leaders

27-5-2024

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Chief Executive John Lee today met International Maritime Organization (IMO) Secretary-General Arsenio Antonio Domínguez Velasco and International Chamber of Shipping (ICS) Secretary General Guy Platten.
 

Welcoming the two international maritime leaders and their teams to Hong Kong, Mr Lee stressed that Hong Kong is an international shippin...

Kevin Yeung meets games athletes

27-5-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung today visited the Hong Kong Sports Institute (HKSI) to learn about Hong Kong athletes’ preparations for the 2024 Paris Olympic Games and Paralympic Games.
 

Accompanied by the Commissioner for Sports Sam Wong, Mr Yeung toured the fencing hall, the table tennis hall, the fitness trainin...

Visit scheme extension begins

27-5-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung visited the Tourism Board’s Hong Kong International Airport Visitor Centre today, as the Individual Visit Scheme (IVS) was extended to cover eight more Mainland cities.
 

The eight cities are Taiyuan, Hohhot, Harbin, Lhasa, Lanzhou, Xining, Yinchuan and Urumqi, and the extension takes ...

FS briefed on smart airports

25-5-2024

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Financial Secretary Paul Chan called on Groupe ADP’s Innovation Hub, toured VivaTech 2024 and visited the Théâtre National de Chaillot during his trip to Paris, France.

Joined by Secretary for Innovation, Technology & Industry Prof Sun Dong and Under Secretary for Constitutional & Mainland Affairs Clement Woo, Mr Chan visited the Innovati...

Sha Tau Kok working group mtg held

24-5-2024

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The first meeting of the Working Group for Sha Tau Kok Co-operation Zone under the Task Force for Collaboration on the Northern Metropolis Development Strategy was held in Shenzhen today.
 
Secretary for Culture, Sports & Tourism Kevin Yeung and Yantian District Mayor Deng Feibo, leading delegations from both governments, attended the meetin...

Sun Dong attends tech expo in Paris

24-5-2024

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Secretary for Innovation, Technology & Industry Prof Sun Dong today attended VivaTech 2024 in Paris, France, giving the attendees an update on Hong Kong's ever-growing startup scene.
 
In his keynote speech at a seminar themed "How Global Startups Succeed in Asia through Hong Kong's Innovation Ecosystem", he pointed out that Hong Kong values...

HK an ideal entry point to GBA: FS

24-5-2024

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Financial Secretary Paul Chan today promoted the enormous business opportunities brought by the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) for European businesses to over 400 French and European leaders of commercial and industrial sectors at a conference in Paris.
 
The Guangdong-Hong Kong-Macao Greater Bay Area & Europe (France) Econ...

Govt expresses concerns on UK case

23-5-2024

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Secretary for Commerce & Economic Development Algernon Yau today met the Deputy Consul-General of the UK in Hong Kong on the incident regarding the Hong Kong Economic & Trade Office (ETO) in London.

In a statement, the Commerce & Economic Development Bureau said that as the UK Consul-General is not in Hong Kong, Mr Yau met the Deputy Cons...

April sees 1.1% inflation

23-5-2024

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Overall consumer prices rose 1.1% in April year-on-year, smaller than the 2% increase in March, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 0.9%, also smaller than March's 1% increase.

Compared with April last year, price increas...

Sun Dong begins visit to Belgium

23-5-2024

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Secretary for Innovation, Technology & Industry Prof Sun Dong yesterday began his visit to Brussels, Belgium, where he met European Commissioner for Innovation, Research, Culture, Education & Youth Iliana Ivanova.

Prof Sun pointed out that it was the first time in recent years that a principal official of the Hong Kong Special Administrative ...

FS to visit France, US

22-5-2024

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Financial Secretary Paul Chan will depart today on visits to Paris, France, and to California, in the US, and will return to Hong Kong on June 1.
 

In Paris, Mr Chan will attend the Guangdong-Hong Kong-Macao Greater Bay Area & Europe (France) Economic & Trade Cooperation Conference, the organisers of which include the Guangdong People...

Passage of tax relief bill welcomed

22-5-2024

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The Government welcomed the passage of the Inland Revenue (Amendment) (Tax Concessions and Two-tiered Standard Rates) Bill 2024 by the Legislative Council today.

The bill gives effect to the Government's proposals announced in the 2024-25 Budget and the 2023 Policy Address, which includes reducing salaries tax, tax under personal assessment and profi...

Kevin Yeung attends tourism summit

22-5-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung, at the Ministry of Culture & Tourism’s invitation, attended the 14th China-US Tourism Leadership Summit held in Xi’an today and spoke at a thematic seminar session.

Noting that Hong Kong has been an important gateway for visitors from the US to travel to Mainland China and Asia, Mr Yeun...

HK to host 210 mega events in '24

21-5-2024

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

More than 100 mega events will be held in Hong Kong in the second half of 2024, which will bring the total number of mega events in the city to at least 210 this year.

Deputy Financial Secretary Michael Wong made the statement at a press conference today,...

Youth get financial planning support

21-5-2024

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The kick-off ceremony of the Youth Financial Education Programme, launched by the Home & Youth Affairs Bureau and the Investor & Financial Education Council, was held today.

It was announced in the 2023 Policy Address that the Government would launch a pilot scheme to provide young people with financial planning and counselling services as we...

Tech chief to visit Belgium, France

21-5-2024

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Secretary for Innovation, Technology & Industry (SITI) Prof Sun Dong will depart tonight for a visit to Belgium and France to strengthen the city’s ties and co-operation in innovation and technology (I&T) with the European Union and France.

In Paris, Prof Sun will attend VivaTech 2024, Europe’s largest technology and startup event that wi...

Kevin Yeung heading to Xi'an

21-5-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung will depart for Xi’an, Shaanxi Province this afternoon to attend a high-level tourism-related meeting.

Mr Yeung will return to Hong Kong on May 22. During his absence, Under Secretary for Culture, Sports & Tourism Raistlin Lau will be Acting Secretary.

...

Alert issued on fake messages

20-5-2024

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The Commerce & Economic Development Bureau today alerted the public to fraudulent WhatsApp messages purportedly sent by the Secretary for Commerce & Economic Development (SCED).

The bureau and SCED have no connection with the fraudulent messages which have been reported to Police.

Citizens are reminded to stay alert to suspicious messag...

Free trade area a worthy goal

19-5-2024

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Secretary for Commerce & Economic Development Algernon Yau called on Asia-Pacific Economic Cooperation member economies to reaffirm the goal of the Free Trade Area of the Asia-Pacific (FTAAP) to fulfil the promise of shared prosperity.
 
Mr Yau made the call while speaking at a session on the FTAAP as he attends the APEC Ministers Responsibl...

Algernon Yau joins APEC session

18-5-2024

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Secretary for Commerce & Economic Development Algernon Yau delivered a speech at the "Trade Liberalisation: World Trade Organization (WTO)" session at the Asia-Pacific Economic Cooperation Ministers Responsible for Trade Meeting in Arequipa, Peru.

  

During such discourse, Mr Yau shared his insights on how to reinforce the WTO's credibi...

Film pact signed at Cannes

17-5-2024

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Leading a Hong Kong film industry delegation at the 77th Cannes Film Festival, in France, Secretary for Culture, Sports & Tourism Kevin Yeung yesterday attended the signing ceremony for a memorandum of understanding (MOU) on film and television co-operation between Create Hong Kong and France’s Centre national du cinéma et de l'image animée.
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HK expands e-CNY pilot

17-5-2024

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The Hong Kong Monetary Authority (HKMA) and the People's Bank of China (PBoC) today expanded the scope of the e-CNY pilot in Hong Kong to facilitate the set up and use of e-CNY wallets by Hong Kong residents.

At a press briefing this afternoon, the authority explained that the e-CNY will provide an additional safe, convenient and innovative means of ...

HK-Peru trade deal nears completion

17-5-2024

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Secretary for Commerce & Economic Development Algernon Yau and Peru’s Minister of Foreign Trade & Tourism Galdo Marín have jointly announced the substantial conclusion of negotiations over a free trade agreement (FTA) between Hong Kong and Peru.
 

They made the announcement in a meeting held on the sidelines of the Asia-Pacific Eco...

Tourism chief meets trade reps

14-5-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung today met representatives from the tourism, hotel, aviation, catering and retail sectors to discuss how to enhance the speed and quality of the tourism industry's development.

They also exchanged views on tourism marketing strategies and the promotional direction following the expansion of the I...

Swap Connect scheme enhanced

13-5-2024

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The People's Bank of China, the Securities & Futures Commission and the Hong Kong Monetary Authority today issued a joint announcement on a series of measures to enhance the mutual access arrangements between the Mainland and Hong Kong interest rate swap markets (Swap Connect).

The Hong Kong Special Administrative Region Government welcome...

Algernon Yau to depart for Peru

11-5-2024

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Secretary for Commerce & Economic Development Algernon Yau will depart for Arequipa, Peru tomorrow to attend the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade meeting.

During the two-day meeting, which will be held on May 17 and 18, Mr Yau and trade ministers from other member economies will participate in sessions on m...

US consul's remarks rejected

10-5-2024

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The Hong Kong Special Administrative Region Government today said it strongly deplored and opposed the biased remarks about the situation in the Hong Kong SAR made by US Consul General to Hong Kong Gregory May at a forum recently held by a US think tank.

It also rejected Mr May’s slanders and smears against the city’s work in safeguarding nationa...

Kevin Yeung begins Beijing trip

10-5-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung began his Beijing itinerary yesterday by meeting State Council Hong Kong & Macao Affairs Office Director Xia Baolong.

Mr Yeung introduced the Culture, Sports & Tourism Bureau's (CSTB) latest work to Mr Xia who fully recognised its work and expressed hope that Hong Kong's tourism industry...

Sun Dong meets top Beijing official

9-5-2024

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Secretary for Innovation, Technology & Industry Prof Sun Dong visited the State Council Macao Affairs Office and Ministry of Science & Technology (MOST) in Beijing today.

Prof Sun updated State Council Hong Kong & Macao Affairs Office Director Xia Baolong on the latest situation of Hong Kong's innovation and technology (I&T) and devel...

5G network capacity enhanced

9-5-2024

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The fifth generation mobile services (5G) radio base stations (RBSs) at the Convention & Exhibition Centre (CEC), AsiaWorld-Expo (AWE) and near Victoria Park have been activated, the Office of the Communications Authority (OFCA) announced today.

The OFCA pointed out that four mobile network operators have completed the installation of and ac...

Bay area talent forum held

8-5-2024

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A talent development conference was held in Hong Kong today to promote the building of a talent hub in the Greater Bay Area as well as strengthen talent development and co-operation among Guangdong, Hong Kong and Macau.

Jointly organised by the three places, the Second Guangdong-Hong Kong-Macao Greater Bay Area (GBA) High-quality Talent Development C...

Talent policy working, says Chris Sun

7-5-2024

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Secretary for Labour & Welfare Chris Sun said today that the Government has made a very good start in attracting talent to Hong Kong through talent admission schemes.
 

Speaking to the media, Mr Sun highlighted that over the past year and a half around 120,000 individuals have come to Hong Kong through various talent admission schemes.

HK’s role as talent hub reinforced

7-5-2024

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Welcome to Hong Kong. And welcome to the inaugural Global Talent Summit organised by the Hong Kong Special Administrative Region (SAR) Government.

And what an inaugural summit this is, with three high-powered, talent-driven events over these next two days: today's International Talent Forum, tomorrow's Guangdong-Hong Kong-Macao Greater Bay Area High-...

FS attends ADB annual meeting

5-5-2024

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Financial Secretary Paul Chan attended the opening session of the 57th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) and the Plenary Session of Governors during his trip to Tbilisi, Georgia.

Yesterday morning, Mr Chan met Ministry of Finance Vice Minister Liao Min who was also participating in the annual meeting. They e...

FS meets Georgian finance minister

4-5-2024

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On day two of his visit in Tbilisi, Georgia, Financial Secretary Paul Chan joined the constituency meeting of the 57th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) and met Georgia’s Minister of Finance.

During his meeting with Georgia’s Minister of Finance Lasha Khutsishvili yesterday afternoon, Mr Chan discussed i...

March retail sales drop 7%

3-5-2024

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The value of total retail sales in March, provisionally estimated at $31.2 billion, was down 7% 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 8.6% ...

Better deposit protection proposed

3-5-2024

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An amendment bill to enhance the Deposit Protection Scheme (DPS) by raising the protection limit from the current $500,000 to $800,000 was published in the Government Gazette today.

The Deposit Protection Scheme (Amendment) Bill 2024 also aims to strengthen the protection for depositors, maintain banking stability and keep up with international stand...

CE approves HKEX chairmanship

3-5-2024

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The Chief Executive has approved the appointment of Carlson Tong as Chairman of the Hong Kong Exchanges & Clearing Limited (HKEX) with immediate effect.
 

Mr Tong was elected HKEX Chairman by the directors at a board meeting on April 24. The Chief Executive granted approval under the Securities & Futures Ordinance.
 

Fin...

FS meets ADB President

3-5-2024

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Financial Secretary Paul Chan arrived in Georgia yesterday afternoon for the 57th annual meeting of the Board of Governors of the Asian Development Bank (ADB), which runs until May 5, and met the bank’s President Masatsugu Asakawa.
 

They exchanged views on various issues including the region’s green transition, climate finance and infras...

2.44m tax returns issued

2-5-2024

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The Inland Revenue Department today sent out about 2.44 million tax returns for individuals.
 
Taxpayers should file their tax returns by June 3. For sole proprietors of unincorporated businesses, a three-month period is allowed and the filing deadline is August 2. Those filing via eTAX will have an automatic one-month extension.
 
At...

eMPF Platform to launch next month

2-5-2024

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The Mandatory Provident Fund Schemes Authority today announced that the eMPF Platform will be launched on June 26.

At a media briefing, the authority’s Chairperson Ayesha Macpherson Lau said that the platform will reduce the administration costs of MPF schemes, directly benefiting scheme members through fee reductions.

She highlighted ...

Labour Day fireworks light up HK

1-5-2024

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Presented by the Hong Kong Tourism Board, a stunning ten-minute pyrotechnic display illuminated Victoria Harbour this evening near Tsim Sha Tsui Promenade to celebrate the start of the Mainland’s Labour Day Golden Week holiday.

The fireworks were launched at about 130 metres from the shore and reached a maximum height of approximately 100 metres.

HK updating tax jurisdictions

30-4-2024

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The Government announced today that based on the Organisation for Economic Co-operation & Development's (OECD) recommendation, Hong Kong is amending the lists of jurisdictions on automatic exchange of financial account information in tax matters (AEOI) under the Inland Revenue Ordinance.

This involves the removal of nine jurisdictions from the li...

Mortgage loans up 6.2%

30-4-2024

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The value of residential mortgage loans approved in March was $19.1 billion, a 6.2% increase compared with February, the Monetary Authority announced today.

Mortgage loans financing primary market transactions rose 27% to $6.8 billion, while those financing secondary market transactions dipped 2.7% to $9.3 billion.

Loans for refinancing fell 2....

FS to attend ADB session in Georgia

30-4-2024

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Financial Secretary Paul Chan will depart for Tbilisi, Georgia to attend the 57th annual meeting of the Board of Governors of the Asian Development Bank (ADB) on May 2, before returning to Hong Kong on May 6.

Mr Chan will meet ADB President Masatsugu Asakawa and other senior bank officials, as well as financial officials from other countries and regi...

Tourist attractions inspected

29-4-2024

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Commissioner for Tourism Vivian Sum, joined by the Travel Industry Authority representatives, visited the Palace Museum and the Garden Road Peak Tram Station today, to check on the preparatory work for the Labour Day Golden Week holiday.

They reviewed the preparatory work for receiving visitors implemented by tourist attractions, including the arrang...

Treasury chief attends Beijing forum

29-4-2024

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Secretary for Financial Services & the Treasury Christopher Hui attended the 2024 Zhongguancun Forum Fintech Parallel Forum in Beijing today.

Mr Hui also called on CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong on the same day.

He reported to Mr Xi...

Longer business visit days welcomed

28-4-2024

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The Hong Kong Special Administrative Region Government welcomes today's announcement by Mainland authorities that Mainland residents who travel to Hong Kong with an exit endorsement for a business visit will be able to stay for up to 14 days per visit starting May 6.
 
The Mainland authorities also announced the expansion of application of the e...

Christopher Hui to attend BJ forum

27-4-2024

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Secretary for Financial Services & the Treasury Christopher Hui will depart for Beijing tomorrow to attend the 2024 Zhongguancun Forum Fintech Parallel Forum on April 29.
 
Organised by the Haidian District People’s Government and the Xicheng District People's Government, the parallel forum invites guests to discuss the prospects of integr...

HK to become IP trading hub: FS

26-4-2024

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At a reception hosted by the Intellectual Property Department to celebrate World Intellectual Property (IP) Day today, Financial Secretary Paul Chan said the Government is pursuing a number of initiatives to promote the development of Hong Kong into a regional IP trading centre.

The initiatives include grooming a talent pool of patent examiners equip...

HK-Shanghai links strengthened

26-4-2024

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Chief Executive John Lee and Shanghai Mayor Gong Zheng, leading delegations of the governments of the Hong Kong Special Administrative Region and Shanghai, held the Sixth Plenary Session of the Hong Kong/Shanghai Co-operation Conference in Hong Kong today.

Mr Lee said that the Hong Kong/Shanghai Co-operation Conference has always received grea...

Grant scheme extended

26-4-2024

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The Government and the Securities & Futures Commission today announced details of the extension of the Grant Scheme for Open-ended Fund Companies & Real Estate Investment Trusts.

Implemented by the SFC, the extended grant scheme will be open for applications from May 10.

To further attract the set-up of open-ended fund companies ...

HK, Shanghai boost financial ties

25-4-2024

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Representatives of the governments, financial regulators and exchanges of Hong Kong and Shanghai held the ninth Working Meeting of Hong Kong-Shanghai Financial Co-operation in Hong Kong today to discuss how the two places could enhance financial co-operation.

Secretary for Financial Services & the Treasury Christopher Hui and Shanghai Office for ...

March exports value up 4.7%

25-4-2024

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The value of Hong Kong’s total exports increased to $384.5 billion in March, up 4.7% on the same month last year, the Census & Statistics Department announced today.

The value of imports of goods increased 5.3% to $429.5 billion in the same period.

A trade deficit of $45 billion, or 10.5% of the value of imports, was recorded in March.

APEC business meeting held in HK

23-4-2024

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Chief Executive John Lee today hosted a welcome dinner for the Asia-Pacific Economic Cooperation Business Advisory Council (ABAC) delegates attending the second 2024 ABAC Meeting in Hong Kong.

Speaking at the dinner, Mr Lee highlighted the commitment of Hong Kong, China, to the Asia-Pacific Economic Cooperation (APEC).

He said: “We firmly bel...

CareerConnect Expo set for May

23-4-2024

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The CareerConnect Expo will be held on May 7 and 8 in the Convention & Exhibition Centre concurrently with the Global Talent Summit · Hong Kong, offering quality job information and tailored solutions for settling in the city.

Hong Kong Talent Engage (HKTE) welcomes talent who are interested in coming to Hong Kong or have recently arrived in the...

HK economy solid, growing: FS

23-4-2024

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I have great pleasure to meet you all at the second meeting of the APEC Business Advisory Council (ABAC) this year. This remarkable event gathers nearly 200 business leaders, representing the voice of all 21 APEC member economies.

First, let me express my sincere gratitude to the representatives of ABAC Peru and ABAC Hong Kong, China for working toge...

Inflation at 2% in March

23-4-2024

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Overall consumer prices rose 2% in March year-on-year, slightly up from the average 1.9% rate of increase for January and February, the Census & Statistics Department announced today.
 

Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1%, also slightly higher than the 0.9% average rate of inc...

HK shines at invention event

21-4-2024

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Secretary for Innovation, Technology & Industry Prof Sun Dong today congratulated the Hong Kong delegation to the 49th International Exhibition of Inventions of Geneva on its success at the event.

The delegation was awarded a record high number of more than 350 prizes, including six Special Awards, 28 Gold Medals with Congratulations of the Jury ...

Kevin Yeung views artworks

20-4-2024

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Secretary for Culture, Sports & Tourism Kevin Yeung today visited Ambassador for Cultural Promotion Xu Bing's art exhibition at the Venice Biennale in Venice, Italy.

He also met Hong Kong artists who are exhibiting their artworks in Venice, as well as local cultural and artistic partners in Italy, to exchange views on cultural matters.

The ...

Market access measures welcomed

19-4-2024

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The Hong Kong Special Administrative Region Government warmly welcomed the measures announced by the China Securities Regulatory Commission (CSRC) today to further expand mutual access between the capital markets of the Mainland and Hong Kong.

The measures include: expanding the eligible product scope of equity exchange-traded funds (ETFs) under Stoc...

HK can help Mainland firms thrive: FS

19-4-2024

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

Apart from viewing the venture’s fuel cell system and its product assembly and testing facilities, Mr Chan met its representatives to learn about the firm’s plans to expand research and development and internationa...

Chinese culture festival set

18-4-2024

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The inaugural Chinese Culture Festival (CCF) will be held from June to September, presenting various performing arts programmes and extension activities for the public and visitors to experience the broad and profound Chinese culture. 

Addressing the CCF's programme parade today, Secretary for Culture, Sports & Tourism Kevin Yeung not...

FS tours Hangzhou, Suzhou

18-4-2024

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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 Committee Secretary Liu Jie to exchange views on dee...

I&T park's partners help attract talent

18-4-2024

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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 with Shenzhen.

Some 60 companies and org...


Latest Business News

最新商業資訊


May exports value up 14.8%  25-6-2024

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The value of Hong Kong’s total exports increased to $375.9 billion in May, up 14.8% on the same month last year, the Ce...


HK, Armenia sign tax pact  24-6-2024

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Hong Kong today signed a comprehensive avoidance of double taxation agreement (CDTA) with Armenia.

Secretary...


AI the key to HK’s tech devt  24-6-2024

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The relationship between artificial intelligence (AI) and life science is transformative, and holds immense potential to ...


Inflation at 1.2% in May  21-6-2024

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Overall consumer prices rose 1.2% in May year-on-year, slightly up from the 1.1% increase in April, the Census & Stat...