Hong Kong Updated Copyright Law Will Soon Come Into Effect. With digital content creation on the rapid rise, there is a need to relook at copyright laws everywhere in the world. For Hong Kong per se, February 17 2023, marks when the gazette of Copyright (Amendment) Ordinance 2022 (Commencement) Notice. The amended ordinance will come…
Higher Undergraduate Subsidy Now Available The Hong Kong Government is increasing its undergraduate subsidy. The Hong Kong Government’s annual undergraduate subsidy will experience a slight increase, reflecting the Composite Consumer Price Index. According to the Government, the existing amount of HK$33,200 will increase to HK$33,740. The adjustment is indicative of the corresponding movement of the…
Common Spatial Data Infrastructure (CSDI) Launches in Hong Kong Common Spatial Data Infrastructure (CSDI) to boost Smart City Blueprint The Hong Kong Government continues to surge ahead with its Smart City Blueprint thanks to its latest launch. The Common Spatial Data Infrastructure (CSDI) portal is its latest offering and a key initiative of the Blueprint.…
Hong Kong Introduces New Taxation Bill to Combat Cross-Border Tax Avoidance Hong Kong’s new taxation bill will better address cross-border tax avoidance issues stemming from double non-taxation. The new bill comes into effect on 1 January 2023. Hong Kong promised the European Union in 2021 that it would amend its tax law, hence the introduction…
Hong Kong Introduces Pilot Green & Sustainable Finance Capacity Building Support Scheme The Hong Kong Government has launched the Pilot Green & Sustainable Finance Capacity Building Support Scheme. The scheme aims to offer local and foreign practitioners the necessary training they need for green and sustainable finance. Why Launch the Pilot Green & Sustainable…
Priming the Blueprint for Innovation and Technology in Hong Kong Government ready to promote innovation and technology in Hong Kong Taking centre stage in the Government’s reindustrialisation strategy is Innovation and technology in Hong Kong (I&T). This is the core idea behind the Hong Kong I&T Development Blueprint. The game plan is to position HK…
Attracting Hong Kong Enterprises with New Government Strategy Government to encourage Hong Kong enterprises with transformational initiatives The Hong Kong Government values the importance and role that enterprises play in the economy. As such, the Government will be implementing several new and exciting strategies to encourage and attract Hong Kong Enterprises. The array of initiatives,…
Hong Kong Ranks 4th as a Global Finance Hub Hong Kong lands the 4th position out of 119 as a global finance hub in the Global Financial Centres Index 32 Report. This is a step up from its previous ranking, going from the 8th position to the 4th. Hong Kong’s rating was 725 in terms…
Hong Kong’s Monetary Authority Launches New Fintech Subsidy The Hong Kong Monetary Authority has launched a new Fintech Subsidy known as the Pilot Scheme on Training Subsidy. It is available for eligible Fintech Practitioners. The scheme is part of Hong Kong’s 2022-23 Budget allocation. The Government is planning to implement the new Fintech subsidy scheme…
50,000 Local Hong Kong Companies Newly Registered in 2022 A promising outlook on the Hong Kong companies front, as 50,087 new local companies were registered. This is within the first half of 2022 alone. This brings the number of local companies registered to a total of 1,386,592. As far as non-local companies were concerned, there…