InvestHK Announced Record Number of Companies Investing in Hong Kong in 2019 Invest Hong Kong (InvestHK) has announced that it facilitated 487 overseas and mainland Chinese companies to set up or expand in Hong Kong in 2019, setting a new annual record for the number of companies they assisted which represent a year-on-year increase of…
Details
Hong Kong Innovation & Technology Commission Offers More Funding Support for Businesses The Innovation & Technology Commission in Hong Kong has announced that they will offer more funding support under various schemes to help businesses and boost the local technology sector. Enterprise Support Scheme (ESS) Advance funding will be arranged for R&D projects under…
Details
Phase One of the US-China Trade Deal Has Been Signed and It Looks Promising The top two economy powerhouses have been at trade disputes for a long time. The United States of America and China have had different views on trade relationships and this has led to significant trade tensions. They have been a tit…
Details
The Hong Kong Government Will Provide Dedicated Fund and Support to Small and Medium Enterprises The Hong Kong Special Administrative Region will implement additional measures to strengthen and support Hong Kong’s SMEs. One of the new initiatives is having a dedicated service team called SME ReachOut. The team will be having personalized meetings with SME…
Details
The International Monetary Fund Reports and Reaffirms That Hong Kong Financial Standing Remains Robust and Prosperous The Hong Kong Special Administrative Region (HKSAR) has pledged HK$4 billion (US$511 million) in new relief measures to help bolster the economy. The latest boost brings the government’s total pledged amount of relief to HK$25 billion (US$3.2 billion). In…
Details
SMEs and Startups in Hong Kong Advised to Keep Up With the Change of Times Hong Kong is known to many as the preferred place to do business because of its pro-business environment. With low taxes, world-class infrastructure, ease of doing business, steady purchasing power by the local consumers, Hong Kong is on its way…
Details
Hong Kong Special Administrative Region (HKSAR) Announces Fourth Round of Relief Measures On 4 December 2019, the Financial Secretary of Hong Kong Special Administrative Region (HKSAR) announced the roll out of the fourth round of relief measures worth about HK$4 billion (US$512 million) to help companies and individuals cope with the onset of recession and…
Details
New Investor Compensation Regime in Hong Kong Coming Into Effect in January 2020 Following review of the investor compensation regime in Hong Kong, the Financial Services and Treasury Bureau announced plans to amend the securities and future rules on 11 October 2019. Primarily, the amendment is to increase investors’ compensation for losses in relation to…
Details
Highlights of Chief Executive Policy Address 2019 That You Need to Know The Chief Executive of China’s Hong Kong Special Administrative Region (HKSAR), Carrie Lam, has delivered her third annual policy address on October 16, 2019, highlighting her administration’s efforts to promote the adoption of innovation and technology and boost economic development and competitiveness. …
Details
Hong Kong Has Always Been a Preferred Choice for Business People to Set Up Office Ask any person delving in the business of their preferred place to set up shop, and most will state Hong Kong as their top three. The Government of Hong Kong has made their beloved jurisdiction a tax haven for both…
Details