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…
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…
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,…
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…
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…
All You Need to Know: Hong Kong Leader Announces Newest Policy Address The latest policy address was delivered by Hong Kong’s Chief Executive – Carrie Lam highlighted some of the most crucial aspects and urgent priorities of the Government at the Legislative Council. Since taking office back in 2017, this has been by far her…
All Registered Hong Kong Sports Coach May Apply for the One-off Grant The pandemic Covid-19 has halted most activities globally. Most nations are rolling out monetary funds to help keep jobs and sustenance. Among those who are feeling the pinch are in the sporting industry. Persons from athletes to coaches to sports facilities operators are…
All Hong Kong Residents Are Urged to Change to the Smart Identity Card Ever since 2018, Hong Kong has issued a new smart identity card for its all of its residents including permanent residents, workers and students requiring a visa. While all of its residents are aware of such exercise, the Hong Kong government has…
Hong Kong Expands Tax Treaty Network With Georgia Hong Kong is widely known for its low tax regime and makes an intentional effort to keep things that way. Thus, it is logical that when Hong Kong opens its trade to other nations, low tax is what keeps overseas companies staying put in the special administrative…
World’s Largest GDP Trade Pact Signed – Road to Recovery Road to recovery for China and 14 other partner countries with RCEP trade pact signed ancillary to ASEAN summit. The Regional Comprehensive Economic Partnership (RCEP) was signed on Sunday, the 15th of November 2020, at a separate trade meeting alongside the ASEAN summit. It saw…