Hong Kong Government Announces the Increase in Work Injury Compensation The Labour Department has announced an increase in compensation levels for work injuries and occupational diseases, providing enhanced protection for employees. Legislative resolutions have raised the levels of 18 compensation items, benefiting injured workers and their families. This development will have a positive impact on…
Hong Kong Announces Corporate Intern Scheme to Help Youths Many youths have ideals about working for a corporate organisation. And with the corporate intern scheme announced, Hong Kong youths can now have placements in Hong Kong, Mainland China and overseas. Through summer internships, Hong Kong youths can gain the necessary exposure and experience to broaden…
New Round of Application Called for Professional Services Advancement Support Scheme The Hong Kong Government has announced the commencement of a new round of applications for the Professional Services Advancement Support Scheme. Non-profit-distributing organizations, including professional bodies, trade and industrial organizations, as well as research institutes, are invited to apply until May 31. With a…
Hong Kong’s Exchange Fund Foreign Assets Increase In the latest development from Hong Kong Money Authority (HKMA), their Exchange Fund foreign assets are looking upward. The Hong Kong Monetary Authority publicized the Exchange Fund’s key analytical accounts today (February 14). Foreign assets, representing the Exchange Fund’s external assets, rose by HK$115.2 billion to HK$3,617.7 billion…
Hong Kong Unemployment Rates Drop to A Better Labour Force Outlook Reports from Census & Statistics Department show that more people are being able to land jobs in Hong Kong. And as the unemployment rates drop, it’s an optimistic sign for economic activities in the special administrative region. According to the report released on 16…
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…