Government Increases Funding From $50 Million to $100 Million The Hong Kong Government is increasing the 5G subsidy scheme funding to encourage the early deployment of 5G. Applications for the subsidy scheme will close on 31 July 2022. An additional 100 projects are expected to benefit from this subsidy scheme. The Subsidy Scheme for Encouraging…
IMF Confirms Hong Kong Has a Resilient Financial System The International Monetary Fund (IMF) confirms Hong Kong remains a strong international centre of financial stability. This was affirmed in the IMF’s Financial System Stability Assessment Report. Factors that have contributed to Hong Kong’s strong standing in the IMF’s report include prudent policies, strong regulatory and…
IMF Confirms Hong Kong Has a Resilient Financial System The 2025 Fintech strategy for Hong Kong has been unveiled by the Monetary Authority aimed at encouraging the financial sector to comprehensively adopt the technology. The purpose of encouraging technology adoption by 2025 is to ensure that the financial services sector can provide fair and efficient…
2021’s First Quarter Sees an Expansion of 7.8% The Hong Kong economy received some welcome news today when it was announced that the first quarter of 2021 saw an expansion of 7.8% in Gross Domestic Product (GDP). The expansion is a mark of the very strong goods export growth amidst the global economic recovery that…
Augmented Reality Markets Bring Historical Locations to Life Hong Kong has launched an exciting new tourism venture called the City in Time Tourism project. This project will be enjoyed by both the locals and the tourists as history comes alive like never before. The city has new designated locations that have been installed with augmented…
Total Retail Sales Saw 30% Increase Compared to 2020 of the Same Month Hong Kong’s retail sales are on the upswing, approximately $29.5 billion in February, experiencing a 30% increase compared with the same month of last year These figures were released by Hong Kong’s Census and Statistics Department. The Government did note that retail…
Public Holidays in Hong Kong for 2021 The Gov HK Hong Kong has released the dates of the upcoming 2021 public holidays happening in Hong Kong. These dates may be modified if official changes are announced. Dates of the Hong Kong Public Holiday 2021 In 2021, there will be 19 public holiday dates and…
Budget in Place to Boost Hong Kong’s Economy Hong Kong’s Financial Secretary is confident that this year’s Budget has addressed critical concerns and shares the bountiful opportunities for Hong Kong that lie ahead. There is no question the COVID-19 pandemic has hit every economy around the world hard. With the pandemic-driven reality, Hong Kong found…
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
