More than 70,000 Local Companies Registered in the First Six Months of 2022 In the first six months of 2023, the Companies Registry reported that 72,588 local companies had registered. Bringing the overall count of local companies to a whopping 1,416,643, this number showed positive signs for Hong Kong’s local business scene. Additionally, 422 non-Hong…
Details
Hong Kong as Choice for Global Family Businesses: Family Office Network Unveiled The Hong Kong government is developing a vibrant family office network to provide holistic support to global family offices. The government recently launched the network platform through Invest Hong Kong. It will promote the region as a value-added destination for global family-run offices.…
Details
Hong Kong’s Supplementary Labour Scheme Gets Enhancements The workforce shortage could be problematic if unaddressed, due to which the Hong Kong government is enhancing its current supplementary labour scheme. It will be introducing labour importation schemes for the construction and transport sectors. The government’s Chief Executive says that many sectors in Hong Kong are experiencing…
Details
Labour Department’s Special Career Let’s Go Programme to Support Secondary School Graduates The Hong Kong Labour Department has announced the launch of the special Career Let’s Go programme. The programme aims to assist secondary school graduates prepare for their professional careers. It does so by providing a range of pre-employment training and employment services to…
Details
Hong Kong Retains Fourth-Place Ranking in Global Financial Centres Index 32 Report Hong Kong retains its fourth-place ranking in the Global Financial Centres Index 32 report. Rankings improved in infrastructure, business environment, reputation, and financial sector development. The rankings reflect Hong Kong’s strength as a major global financial centre. The Hong Kong government adopted proactive…
Details
Hong Kong Government Announces the Increase in Work Injury Compensation The Labour Department has announced an increase in compensation levels for work injuries and occupational diseases, providing enhanced protection for employees. Legislative resolutions have raised the levels of 18 compensation items, benefiting injured workers and their families. This development will have a positive impact on…
Details
Hong Kong Announces Corporate Intern Scheme to Help Youths Many youths have ideals about working for a corporate organisation. And with the corporate intern scheme announced, Hong Kong youths can now have placements in Hong Kong, Mainland China and overseas. Through summer internships, Hong Kong youths can gain the necessary exposure and experience to broaden…
Details
New Round of Application Called for Professional Services Advancement Support Scheme The Hong Kong Government has announced the commencement of a new round of applications for the Professional Services Advancement Support Scheme. Non-profit-distributing organizations, including professional bodies, trade and industrial organizations, as well as research institutes, are invited to apply until May 31. With a…
Details
Hong Kong’s Exchange Fund Foreign Assets Increase In the latest development from Hong Kong Money Authority (HKMA), their Exchange Fund foreign assets are looking upward. The Hong Kong Monetary Authority publicized the Exchange Fund’s key analytical accounts today (February 14). Foreign assets, representing the Exchange Fund’s external assets, rose by HK$115.2 billion to HK$3,617.7 billion…
Details
Hong Kong Unemployment Rates Drop to A Better Labour Force Outlook Reports from Census & Statistics Department show that more people are being able to land jobs in Hong Kong. And as the unemployment rates drop, it’s an optimistic sign for economic activities in the special administrative region. According to the report released on 16…
Details