Better Rules For New Investors Will Bring In Investors From Around The World The government recently announced several enhancement measures for the New Capital Investment Entrant Scheme (New CIES). The measures, effective 1 March 2025, include relaxing the restrictions on applicants’ asset appraisal and computation. Due to the enhancements, the New CIES requires applicants to…
Agreement for International Talent and Tech Innovation Strengthens Hong Kong’s Role in Technology Hong Kong recently took a major step forward in becoming a leader in global innovation and talent development. Chief Executive John Lee and China Association for Science & Technology (CAST) President Wan Gang witnessed the signing of the Cooperation Framework Agreement…
Multiple-entry Scheme Resumes for Shenzhen Residents The Hong Kong Special Administrative Region (SAR) Government has announced the resumption of the multiple-entry Individual Visit Scheme (IVS) for permanent residents of Shenzhen. This convenient scheme allows residents of certain mainland Chinese cities, including Shenzhen, to visit Hong Kong and Macau multiple times on a single visa within…
Cross-Boundary Data Flow Now Open to All Sectors in the Greater Bay Area The Digital Policy Office (DPO) has extended the facilitation measures under the Standard Contract for the Cross-boundary Flow of Personal Information to encompass all industry sectors within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). This new rule, which was made effective…
Hong Kong Base Rate Decreased to 5%: Here’s What It Means for Financial Markets The Monetary Authority has announced an immediate reduction in the Hong Kong base rate, setting it at 5%. This adjustment follows a recent decision by the US Federal Reserve to lower its target range for the federal funds rate by 25…
Hong Kong Chosen as Best to do Business by World Bank A recent World Bank Group (WBG) report put Hong Kong among the top ten places for business. The first of its kind, the Business Ready 2024 Report by WBG covered 50 economies. It applauded Hong Kong’s transparent business entry laws and stable and efficient…
Hong Kong Supports Artificial Intelligence with Subsidy Scheme At first, many believed developing artificial intelligence (AI) would result in being taken over by robots. Now, the sentiment toward AI is heading towards leveraging it for increased productivity and innovations. Governments around the world have encouraged organizations to adopt AI. One such move is from Hong…
July 2024 Sees Hong Kong Exports Rising by 13.1% Amidst the gradual pace of economic growth in Hong Kong, there was a rise in Hong Kong exports in July 2024. The Census and Statistics Department of Hong Kong recently released the external merchandise trade statistics for July 2024. In July 2024, Hong Kong’s total exports…
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.
