Hong Kong Retains Fourth-Place Ranking in Global Financial Centres Index 32 Report Hong Kong retains its fourth-place ranking in the Global Financial Centres Index 32 report. Rankings improved in infrastructure, business environment, reputation, and financial sector development. The rankings reflect Hong Kong’s strength as a major global financial centre. The Hong Kong government adopted proactive…
New Round of Application Called for Professional Services Advancement Support Scheme The Hong Kong Government has announced the commencement of a new round of applications for the Professional Services Advancement Support Scheme. Non-profit-distributing organizations, including professional bodies, trade and industrial organizations, as well as research institutes, are invited to apply until May 31. With a…
Hong Kong’s Exchange Fund Foreign Assets Increase In the latest development from Hong Kong Money Authority (HKMA), their Exchange Fund foreign assets are looking upward. The Hong Kong Monetary Authority publicized the Exchange Fund’s key analytical accounts today (February 14). Foreign assets, representing the Exchange Fund’s external assets, rose by HK$115.2 billion to HK$3,617.7 billion…
Hong Kong Updated Copyright Law Will Soon Come Into Effect. With digital content creation on the rapid rise, there is a need to relook at copyright laws everywhere in the world. For Hong Kong per se, February 17 2023, marks when the gazette of Copyright (Amendment) Ordinance 2022 (Commencement) Notice. The amended ordinance will come…
Higher Undergraduate Subsidy Now Available The Hong Kong Government is increasing its undergraduate subsidy. The Hong Kong Government’s annual undergraduate subsidy will experience a slight increase, reflecting the Composite Consumer Price Index. According to the Government, the existing amount of HK$33,200 will increase to HK$33,740. The adjustment is indicative of the corresponding movement of the…
Common Spatial Data Infrastructure (CSDI) Launches in Hong Kong Common Spatial Data Infrastructure (CSDI) to boost Smart City Blueprint The Hong Kong Government continues to surge ahead with its Smart City Blueprint thanks to its latest launch. The Common Spatial Data Infrastructure (CSDI) portal is its latest offering and a key initiative of the Blueprint.…
Hong Kong Introduces Pilot Green & Sustainable Finance Capacity Building Support Scheme The Hong Kong Government has launched the Pilot Green & Sustainable Finance Capacity Building Support Scheme. The scheme aims to offer local and foreign practitioners the necessary training they need for green and sustainable finance. Why Launch the Pilot Green & Sustainable…
Priming the Blueprint for Innovation and Technology in Hong Kong Government ready to promote innovation and technology in Hong Kong Taking centre stage in the Government’s reindustrialisation strategy is Innovation and technology in Hong Kong (I&T). This is the core idea behind the Hong Kong I&T Development Blueprint. The game plan is to position HK…