Moderation in Hong Kong’s Gross Domestic Product (GDP) Growth for First Quarter of 2019 The Hong Kong’s Census and Statistics Department (“C&SD”) has recently released the advance estimates on Gross Domestic Product (“GDP”) for the first quarter of 2019 of Hong Kong. The C&SD has fast-tracked the first release of quarterly GDP to approximately 1…
Hong Kong’s April Inflation Showed an Upward Trend in Several Categories According to the announcement of Hong Kong’s Census & Statistics Department (“the Department”), the country’s consumer price stood at 2.9 per cent year-on-year in April 2019, 0.8 per cent above market expectations. Price Hike In Several Categories Hong Kong’s April Inflation – saw…
A Close-up View of Second Quarter’s Business Performance of Hong Kong in 2019 Released by the C&SD The results of the Quarterly Business Tendency Survey (“QBTS”) for the second quarter (Q2) of 2019 were released by the Census and Statistics Department (C&SD) of Hong Kong on April 26. Business Situation According to the QBTS,…
Waiver of Business Registration Fees for Hong Kong Companies From 2019-2020 From the period of 1st April 209 up to 31st March 2020, the prescribed Business Registration Fee for non-Hong Kong companies will be discounted by an amount of HK$2,000. The Prescribed Fee for Registration of a Company and Business The prescribed fee for…
Public Holidays in Hong Kong for 2020 Dates of the Hong Kong Public Holiday 2020 Gov HK Hong Kong has published on May 2019 In 2020, there will be 19 gazetted public holidays as follows: New Year’s Day 1 Jan 2020 Wednesday Lunar New Year’s Day 25 Jan 2020 Saturday The Second Day of…
Virtual Banks in Hong Kong: Will We Be Seeing More of These in the Future? Hong Kong. Experts forecasted that a breed of financial technology firms will gain revenue of up to 30 percent. This may become a huge setback for traditional banks in Hong Kong. Thus far, there has been 3 virtual banks that…
Hong Kong Is World’s Freest Economy According to Heritage Foundation For the 25th year in a row, Hong Kong has been named by Heritage Foundation as the world’s freest economy. The country is honoured to receive this high regard. Hong Kong maintained an overall score of 90.2 in the Index of Economic Freedom report 2019.…
Public Holidays in Hong Kong for 2019 Upcoming Hong Kong Public Holiday The Next Public Holiday in Hong Kong will be Tuen Ng Festival on 7 Jun 2019, Friday: Dates of the Hong Kong Public Holiday 2019 In 2019, there will be 17 public holiday dates and 53 weeks in 2019 to take…
Public Holidays in Hong Kong for 2018 Dates of the Hong Kong Public Holiday 2018 Gov HK Hong Kong has published on May 2018 In 2018, there will be 19 gazetted public holidays as follows: New Year’s Day 1 Jan 2018 Monday Lunar New Year’s Day 16 Feb 2018 Friday The Second Day of…