Hong Kong is Set to Start the Ball Rolling With Its Soon-to-be-launched Campaign As the world continues to grapple with the new norms in society and commerce, Hong Kong is taking steps to start a promotional strategy – Relaunch Hong Kong. The impact of Covid-19 has hit Hong Kong tourism sector hard. As a global…
Details
Green and Sustainable Finance Cross-agency Steering Group Established in Hong Kong Paving the Way for a Greener and More Sustainable Financial Future A Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) has been established in Hong Kong. It is a joint effort by the Hong Kong Monetary Authority (HKMA) and the Securities and…
Details
Quarantine Exemption for Hong Kong Manufacturing Operations in the Mainland Businesses Operating in the Mainland May Apply for Exemption for Travel Hong Kong’s Special Administrative Region has announced that local enterprises involved in manufacturing operations can apply for quarantine exemption arrangements. This is applicable to businesses operating in the Mainland. Hong Kong’s Trade and…
Details
Public Services in Hong Kong Resuming in Phases Starting From 4 May 2020 Services to Resume With High Levels of Vigilance and Precautionary Measures Hong Kong will see public services resume starting from 4 May 2020. This comes after instructions from the Steering Committee cum Command Centre pertaining to the COVID-19. The city will…
Details
Employment Support Scheme Package in Hong Kong – The Financial Support to Employers The Government is Offering Limited-time Financial Support for Businesses in Need Hong Kong’s Government has announced the Employment Support Scheme Package which will provide financial support for a limited-time to employers. The packaged is valued at $81 billion and aimed to…
Details
Government Advice for Holding Company AGM During the COVID-19 Pandemic The COVID-19 pandemic has made it necessary for companies to undertake measures for health and safety concerns. The Hong Kong Government has introduced measures to implement social distancing such as the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation which, among other things,…
Details
Hong Kong Government Announced Second Round of Anti-epidemic Fund Subsidy Schemes The Hong Kong Government has announced details on subsidy schemes under the second round of the Anti-epidemic Fund. The subsidy schemes include the Anti-epidemic Support Scheme for Property Management Sector and the Food & Environmental Hygiene Department subsidy scheme. Anti-epidemic Fund 2.0 The…
Details
Government Handing Out Subsidy Schemes for Public Entertainment Businesses and Commercial Bathhouses The COVID19 pandemic is taking over the world as we speak. Most countries are rolling out an economic stimulus package to stabilise their economy. The epidemic is causing people to stay at home or at least practise social distancing. Social distancing is now…
Details
Hong Kong One Off Subsidy for Light Food and Cooked Food Stalls Who Struggles Amid Pandemic The whole world is currently experiencing the worse pandemic, the COVID19. It is a respiratory illness that infects people rapidly. There is still no vaccine for this illness; hence, the only way to curb it is through prevention. Among…
Details
Hong Kong-UAE Investment Agreement to Take Effect An investment agreement signed between Hong Kong and the United Arab Emirates (UAE) will enter into force on 6 March 2020. The HK-UAE Investment Promotion and Protection Agreement (IPPA) was signed in June 2019 and will enhance investors’ confidence, expand investment flows, and further strengthen the economic and…
Details