A Transformation Into a New Leisure Destination and Resort The Hong Kong Government has announced plans to transform the Hong Kong Ocean park into a new leisure destination and resort. The aim of the proposal is to create a new experience for the local community and international visitors. The park resides in a unique geographical…
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Strengthening the Country’s Economic Resilience Even More Hong Kong is welcoming Fintech Firms to aid in the building of the banking and financial services sector in the city. It is part of the plan to keep the city’s economy strong and resilient. An Economy Rebounding The world was hit hard in 2020 in an…
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Financial Services Industry Gets Government Aid Amid Pandemic The Hong Kong government is allocating a $180-million budget to generate 1,500 new jobs for the financial services industry amid the high unemployment due to the coronavirus pandemic. The Secretary for Financial Services and the Treasury said that the financing was under the government’s anti-epidemic fund. The…
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Hong Kong Boosts Economy With ASEAN Free Trade Agreement The trade agreements between Hong Kong and Brunei Darussalam, a member of the Association of Southeast Asian Nations (ASEAN) has taken effect on 20 October 2020. This is part of the broader Free Trade Agreement between Hong Kong and ASEAN. With this in place, trade and…
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Hong Kong Elevates Its Global Aviation Hub Role After Investments in Zhuhai Hong Kong’s Chief Secretary Matthew Cheung announced that the city’s status as a global aviation hub would progress after the Airport’s Authority investment in the Zhuhai Network. Global Travel Routes With Hong Kong – Zhuhai Bridge On a radio programme about the…
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Hong Kong Supports Businesses With I&T Solutions Funding The Financial Secretary on 11 November 2020 announced the launch of a $1.5 billion Distance Business Programme under the Anti-epidemic Fund to support affected companies and encourage the adoption of IT solutions during this pandemic. Relieving Economical Decline In the previous months, Hong Kong’s economy declined…
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The Government Provides Plenty of Support Even During Economic Downturn Large corporations can probably hold on to their horses even during a downturn, albeit with the measure to preserve positive cash flow. But, what becomes of the small and medium enterprise? The local SMEs in Hong Kong are beginning to lose their grip on their…
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People’s Struggles Are the Government’s Responsibility Across the globe, nations worldwide are challenged by the yet-to-end pandemic Covid-19. The struggles are real as the first line of defence is to stay at home, away from crowds. Hence, once-bustling cities with lively business scene have significantly slowed down. Thus, ever since the first quarter of 2020,…
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Reinforcing the Cybersecurity Landscape for Banking Industry In preference of convenience, today’s society is choosing digital over conventional. This matter goes to almost all aspects of life, if possible. Thus, the banking, transaction and financial industry are firming up its cybersecurity to ensure safety and security of consumers and banks. In 2016, the Hong Kong…
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Innovative Technology Can Boost Both R&D Institutions and Enterprises The fourth industrial revolution was said to be the catalyst for organisations to take up innovation and technology (I&T). Organisations of every size, especially enterprises are encouraged to take up relevant research and development (R&D) to increase their respective uses of I&T. Some countries may have…
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