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…
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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…
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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…
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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.…
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Hongkies 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…
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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…
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Moderation in Hong Kong’s Gross Domestic Product (GDP) Growth for First Quarter of 2019 The Hong Kong’s Census and Statistics Department (“C&SD”) has recently released the advance estimates on Gross Domestic Product (“GDP”) for the first quarter of 2019 of Hong Kong. The C&SD has fast-tracked the first release of quarterly GDP to approximately 1…
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Hong Kong’s April Inflation Showed an Upward Trend in Several Categories According to the announcement of Hong Kong’s Census & Statistics Department (“the Department”), the country’s consumer price stood at 2.9 per cent year-on-year in April 2019, 0.8 per cent above market expectations. Price Hike In Several Categories Hong Kong’s April Inflation – saw…
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A Close-up View of Second Quarter’s Business Performance of Hong Kong in 2019 Released by the C&SD The results of the Quarterly Business Tendency Survey (“QBTS”) for the second quarter (Q2) of 2019 were released by the Census and Statistics Department (C&SD) of Hong Kong on April 26. Business Situation According to the QBTS,…
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Waiver of Business Registration Fees for Hong Kong Companies From 2019-2020 From the period of 1st April 209 up to 31st March 2020, the prescribed Business Registration Fee for non-Hong Kong companies will be discounted by an amount of HK$2,000. The Prescribed Fee for Registration of a Company and Business The prescribed fee for…
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