Hong Kong Government Offers To Ease Retail Commerce Pressure A variety of measures has been taken by Hong Kong’s Government to help the retail sector, according to Secretary for Commerce & Economic Development Algernon Yau. The local market is expected to improve with the increment of employment earnings, stabilisation of asset markets, and tourism revival.…
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Hong Kong’s Exports in May Up By 14.8% Hong Kong’s total exports reached $375.9 billion in May, marking a 14.8% increase compared to the same month last year, according to the Census & Statistics Department. During the same period, the value of imports grew by 9.6% to $388.1 billion, resulting in a trade deficit of…
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Hong Kong Streamlines Visitor Facilitation Plan for Experts To further strengthen Hong Kong’s position as a global hub, the government has recently announced an expansion of the visitor facilitation plan via the official launch of a program. This ‘Immigration Facilitation Scheme for Visitors Participating in Short-term Activities in Designated Sectors’ programme will begin on June…
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Hong Kong and China Strengthen Swap Connect Scheme Hong Kong and Mainland China have recently announced a collaboration to improve their financial markets via the Swap Connect Scheme. This scheme allows investors in both countries to participate in each other’s interest rate swap markets. Essentially, the Swap Connect Scheme functions like a bridge to connect…
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Hong Kong 4th on Global Financial Index Hong Kong is 4th on the Global Financial Index in its 35th report, released by organisations from China and the UK. The Government believes this results from its “One Country, Two Systems” approach. Hong Kong’s unique dual approach has enabled it to connect to both the mainland and…
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New Market Access Measures to Boost Financial Connectivity in Hong Kong and China Hong Kong welcomes new market access measures introduced by the China Securities Regulatory Commission (CSRC). These measures will strengthen the connection between the city and Mainland China. The measures will include supporting Mainland companies, helping them get listed in Hong Kong, and…
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Hong Kong Signs DTA, Creating Investment Pact with Bahrain Hong Kong has expanded its avoidance of double taxation agreements, onboarding Bahrain as its latest investment partner. Both parties signed a comprehensive avoidance of double taxation agreement (DTA), the 49th DTA to be concluded in Hong Kong. With the agreement, Hong Kong companies paying tax in…
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Hong Kong Opens Applications for the New Capital Investment Scheme Investors around the globe can now apply to the new Capital Investment Entrant Scheme of Hong Kong. The Hong Kong government clarifies that a qualifying candidate must invest a minimum of $30 million in approved investment assets. Moreover, candidates who are accepted may bring their…
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Phase 2 Services of Trade Single Window (TSW) Launched to Facilitate Trade The Hong Kong government has announced the full implementation of Phase 2 services of the Trade Single Window (TSW). This move is to enhance trade facilitation measures in the region. Covering a total of 28 types of trade documents, Phase 2 services have…
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Hong Kong Expands Trade Reach with ASEAN FTA Amendment Hong Kong has made significant strides in bolstering its trade relations with the Association of Southeast Asian Nations (ASEAN). The region and the regional bloc have signed a protocol to expand the coverage of their free trade agreement (FTA). The move will result in a substantial…
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