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…
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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…
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Hong Kong’s Limited Partnership Fund Bill is Set to Attract Private Funds On the 9th of July 2020, Hong Kong’s Secretary for Financial Services and the Treasury, Mr Christopher Hui and Hong Kong’s Legislative Council passed the passage of the Limited Partnership Fund Bill. The bill was gazetted early this year on the 20th of…
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Hong Kong: 48,000 Local Companies Newly Registered in the Mid-2020 By the end of June 2020, Hong Kong’s total number of local companies registered was 1.38 million. Additionally, 48,760 local companies were newly registered in the first half of 2020 according to a new report by the Companies Registry. 876 foreign entities established a place…
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COVID-19 Report Card to Assess Pandemic Readiness Experts have created a report card to measure the readiness of a country in handling outbreaks. The COVID-19 Report Card will have several indicators to evaluate the countries’ preparedness in combating a pandemic. Inaccuracy of GHSI Pandemic preparedness has not equated to effective pandemic management. Assessments such…
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Understanding the Latest Buzzword: Travel Bubble Travel bubble, travel corridor, corona corridor are the latest positive buzzwords during this troubling time of the pandemic. But what are they, and why should we be excited about it? What is a Travel Bubble? More and more countries are adopting the travel bubble. Although we’re in the…
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New Support Measures Launched Due to COVID-19 The Hong Kong Export Credit Insurance Corporation (HKECIC) is launching new support measures regarding the liquidity of SMEs in Hong Kong. The new support measures are for the exporters in Hong Kong. This is in light of the COVID-19 pandemic. The support measures will be effective until 1…
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Hong Kong Remains Globally Favoured Despite Setbacks Affecting the Jurisdiction Year in year out, Hong Kong had always been the top destination in terms of business affairs. Its pro-business environment and government efficiency make it a favoured place by all sizes of business organisations. The year 2019 saw Hong Kong plagued with social unrest for…
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430,000 Applications for the Hong Kong Employment Support Scheme Response Has Been Well-received by the Public Since the Announcement A total of 428,659 applications have been received by the Government for the Hong Kong Employment Support Scheme (ESS). Applications closed on 15 June 2020. Out of the total, 168,799 applications were from employers. The…
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Technological Research and Development Personnel Can Now Cross Borders As the pandemic continues to loom over most of the world, many economic sectors are at a standstill. Since the outbreak spreads through social contact, countries enforce social distancing. Hence, trade and services take the worst hit because even with technological advances, human contact continues to…
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