Investment Advisory Body Created to Help Amp Hong Kong’s Financial and Commercial Status On their recent announcement, the Hong Kong Government made the latest update on the establishment of two advisory bodies. A governance committee and an investment committee was created to aid the Hong Kong Growth Portfolio with strategic plans, counsel, and guidance on…
Applications Now Open Under Third Round of Anti-epidemic Fund Hong Kong is now opening applications for the Fitness Centre Subsidy Scheme. A one-off subsidy of $50,000 is provided under this scheme for eligible applicants. The Fitness Centre Subsidy Scheme falls under the Hong Kong Government’s third rollout of its anti-epidemic funding. Fitness centres in the…
Applicable to Operators of Commercial Bathhouses and Public Entertainment Licenses Commercial bathhouse and public entertainment license holders can apply for the subsidy schemes starting 9 October in Hong Kong. This was announced by the Food and Environmental Hygiene Department (FEHD). The scheme is part of the Anti-Epidemic Fund, now on its third round. This third…
Government Launches iBond Under the Government Bond Programme The Hong Kong Government has launched the iBond, a 2020 inflation-linked retail bond. This is under the Government Bond Programme retail section. The iBond is available for subscription for Hong Kong residents. The idea is to provide the country’s residents with a stable and safe investment alternative…
Innovation & Technology Fund From TCFS Once again, the Guangdong-Hong Kong Technology Co-operation Funding Scheme is back with its innovation and technology fund. First launched almost 16 years ago, the Guangdong-Hong Kong TCFS has since been bridging the gap for technology enthusiasts to conduct their respective research and development. TCFS was introduced as a corporate…
Hong Kong’s Limited Partnership Fund Bill is Set to Attract Private Funds On the 9th of July 2020, Hong Kong’s Secretary for Financial Services and the Treasury, Mr Christopher Hui and Hong Kong’s Legislative Council passed the passage of the Limited Partnership Fund Bill. The bill was gazetted early this year on the 20th of…
Hong Kong: 48,000 Local Companies Newly Registered in the Mid-2020 By the end of June 2020, Hong Kong’s total number of local companies registered was 1.38 million. Additionally, 48,760 local companies were newly registered in the first half of 2020 according to a new report by the Companies Registry. 876 foreign entities established a place…
COVID-19 Report Card to Assess Pandemic Readiness Experts have created a report card to measure the readiness of a country in handling outbreaks. The COVID-19 Report Card will have several indicators to evaluate the countries’ preparedness in combating a pandemic. Inaccuracy of GHSI Pandemic preparedness has not equated to effective pandemic management. Assessments such…