New Investor Compensation Regime in Hong Kong Coming Into Effect in January 2020 Following review of the investor compensation regime in Hong Kong, the Financial Services and Treasury Bureau announced plans to amend the securities and future rules on 11 October 2019. Primarily, the amendment is to increase investors’ compensation for losses in relation to…
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Highlights of Chief Executive Policy Address 2019 That You Need to Know The Chief Executive of China’s Hong Kong Special Administrative Region (HKSAR), Carrie Lam, has delivered her third annual policy address on October 16, 2019, highlighting her administration’s efforts to promote the adoption of innovation and technology and boost economic development and competitiveness. …
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Hong Kong Has Always Been a Preferred Choice for Business People to Set Up Office Ask any person delving in the business of their preferred place to set up shop, and most will state Hong Kong as their top three. The Government of Hong Kong has made their beloved jurisdiction a tax haven for both…
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Financial Relief for SME Hong Kong – New Measure to Reduce Cash Flow Pressure Small and Medium Enterprises would now enjoy some financial relief with the new SME Financing Guarantee Scheme introduced today. Designed by the Mortgage Corporation Insurance, this development in SME Hong Kong Financing would open funding for financially struggling SMEs. With this…
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The Freest Economy – Hong Kong Retains Freest Economy Title Hong Kong has long practised minimal government market interference. Hence, making Hong Kong highly attractive to investors. Although it is part of Mainland China, Hong Kong has its jurisdiction of the legal system and exert independent judicial power. Ever since the British handed over Hong…
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An Overview of Hong Kong’s Latest Composite CPI Statistics for August 2019 The latest Consumer Price Indices for August 2019 statistics was recently revealed and here’s a look at the Composite CPI. The latest statistics was released by the Hong Kong Census and Statistics Department (S&SD) in September. Per the statistics, the Composite CPI and…
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Hong Kong Special Administrative Region (HKSAR) to Celebrate 70th Anniversary on a High Note Hong Kong will be alight with celebration come 1 October as part of the People’s Republic of China founding day’s 70th anniversary (HKSAR’s 70th National Day). Several major activities will be taking place on 1 October as part of the HKSAR’s…
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Hong Kong’s Economy: More Support for Locals and Businesses Hong Kong Government to Introduce New Measures in Tougher Economic Times Hong Kong’s economy experienced downward pressure in its second quarter. The government is putting measures in place to support the people and local businesses. Escalating trade tensions between US and China have caused further…
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HKSAR and Mainland China Signed Fifth Protocol Arrangement Hong Kong has signed the Fifth Protocol to Arrangement with Mainland China to avoid double taxation. The agreement is between the Hong Kong Special Administrative Region (HKSAR) Mainland China. The agreement is set to deliver some tax relief to eligible teachers and researchers based in Hong Kong…
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Hong Kong Effective Measures Against Counter-terrorist Financing and Anti-money Laundering Has Been Praised Hong Kong has been praised for its effective law enforcement against money laundering and terrorist financing. The praise comes from the Financial Action Task Force (FATF). The FATF Plenary examined the Mutual Evaluation Report of Hong Kong in the United States on…
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