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…
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…
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…
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…
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…
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…
What Really Does the Future Hold for Hong Kong’s Population by 2028? By 2028, Hong Kong expects to see 55% of its people living in the New Territories. Kowloon is projected to host 30%, while the remaining 15% are expected to be on Hong Kong Island. This forecast was provided by the Hong Kong Planning…
Inflation Rate in Hong Kong Climbs to 2.8% in May, Citizens Feeling the Pinch The climbing inflation rate in Hong Kong is not alarming, although consumer prices are rising steadily. In a recent statistic result release, the inflation rate for May 2019 is 2.8%. The inflation rate was even lower than that in April 2019.…
Hongkongers Can Now Access to a Full & Comprehensive Paediatric Care in Hong Kong Children’s Hospital Hong Kong now has a children’s hospital, and it can provide complete paediatric care for complicated paediatric cases. The need for an exclusive children’s hospital stems from the need to provide for comprehensive and coordinated healthcare for all children…
The Unemployed and Underemployed Generally Face Similar Adversity Hong Kong’s unemployment and underemployment rate remains unchanged in the first quarter of 2019 despite efforts made available. All around the world, every nation and country is facing the same predicament, and every territory, including Hong Kong, is tackling this issue through a practical and sensible approach…