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…
Skies Reopened With Hong Kong – Singapore Travel Bubble In the COVID-19 next normal, ‘travel bubble’ and ‘travel corridor’ are the new buzzwords. More and more countries have started to join in the talks of making pacts and establishing travel bubbles. For Hong Kong and Singapore, these plans are about to become a reality, and…
Investment Advisory Body Created to Help Amp Hong Kong’s Financial and Commercial Status On their recent announcement, the Hong Kong Government made the latest update on the establishment of two advisory bodies. A governance committee and an investment committee was created to aid the Hong Kong Growth Portfolio with strategic plans, counsel, and guidance on…
Applications Now Open Under Third Round of Anti-epidemic Fund Hong Kong is now opening applications for the Fitness Centre Subsidy Scheme. A one-off subsidy of $50,000 is provided under this scheme for eligible applicants. The Fitness Centre Subsidy Scheme falls under the Hong Kong Government’s third rollout of its anti-epidemic funding. Fitness centres in the…
Applicable to Operators of Commercial Bathhouses and Public Entertainment Licenses Commercial bathhouse and public entertainment license holders can apply for the subsidy schemes starting 9 October in Hong Kong. This was announced by the Food and Environmental Hygiene Department (FEHD). The scheme is part of the Anti-Epidemic Fund, now on its third round. This third…
Government Launches iBond Under the Government Bond Programme The Hong Kong Government has launched the iBond, a 2020 inflation-linked retail bond. This is under the Government Bond Programme retail section. The iBond is available for subscription for Hong Kong residents. The idea is to provide the country’s residents with a stable and safe investment alternative…
Innovation & Technology Fund From TCFS Once again, the Guangdong-Hong Kong Technology Co-operation Funding Scheme is back with its innovation and technology fund. First launched almost 16 years ago, the Guangdong-Hong Kong TCFS has since been bridging the gap for technology enthusiasts to conduct their respective research and development. TCFS was introduced as a corporate…
Hong Kong and Serbia Came Together to Sign Double Taxation Avoidance Pact The Secretary for Financial Services and the Treasury of Hong Kong has signed a comprehensive avoidance of double taxation agreement (CDTA) with Serbia on behalf of the Hong Kong Special Administrative Region Government. The avoidance of double taxation agreement signifies the Government’s efforts…
New Amendments Will Affect the Allotment and Redemption of Shares Hong Kong’s Stamp Duty Ordinance comes into effect on 1 August 2020. It is an Amendment of Schedule 8 Regulation 2020. With the changes, stamp duty will be exempted on the purchase and sale of stocks in Hong Kong. This applies to stock that involves…
Hong Kong’s Tight Screening on Travellers Requires Employers to Sign a Pledge When Applying for Their FDH’s Visas On July 21, 2020, given the current situation of the COVID-19 pandemic, the Hong Kong Government has gazetted certain specifications under the Prevention and Control of Disease to set conditions based on public health grounds on travellers…