- 10% rise in non-local firms hailed
According to the latest annual survey jointly conducted by Invest Hong Kong (InvestHK) and the Census & Statistics Department, this year Hong Kong hosted 9,960 firms with parent companies located outside of the city, a record high number and a 10% increase on the previous year. Meanwhile, the number of people employed by such firms…
- Innotech committee meets
Secretary for Innovation, Technology & Industry Prof Sun Dong chaired the fifth meeting of the Committee on Innovation, Technology & Industry Development today. At the meeting, members were briefed on the major initiatives in the 2024 Policy Address related to the purview of the Innovation, Technology & Industry Bureau as well as the key…
- November sees 1.4% inflation
Overall consumer prices rose 1.4% year-on-year in November, the same increase as in October, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1.2%, also the same as in October. Compared with November last year, price increases were seen in the following…
- What you need to know as Re-domiciled Company
- Inland Revenue Department alerts public to fraudulent SMS messages
- Hong Kong’s Comprehensive Avoidance of Double Taxation Agreements with Bangladesh and Croatia come into force
- Sun Dong promotes cybersecurity
Secretary for Innovation, Technology & Industry Prof Sun Dong today officiated at the Cybersecurity Symposium 2024 and shared the latest government efforts in safeguarding cybersecurity in Hong Kong. The symposium was co-organised by the Digital Policy Office (DPO) and the Hong Kong Internet Registration Corporation, with Police’s Cyber Security & Technology Crime Bureau as…
- Base rate lowered to 4.75%
The Monetary Authority announced today that it has decreased the base rate to 4.75% with immediate effect. The decrease, according to a pre-set formula, follows a 25-basis point downward adjustment in the target range for the US federal funds rate on December 18. The base rate is the interest rate forming the foundation…
- Gold market working group set up
The Government today announced the establishment of the Working Group on Promoting Gold Market Development. The move follows the Chief Executive’s announcement in the 2024 Policy Address to establish a working group under the Financial Services & the Treasury Bureau to comprehensively review all aspects relating to the development of a gold market, take…
- Carbon credits settlement welcomed
The Financial Services & the Treasury Bureau today said it welcomes Cathay Pacific Airways’ settlement of 50,000 tonnes of voluntary carbon credits using Core Climate, a carbon marketplace on the Hong Kong Exchanges & Clearing. The transaction is part of the carrier’s voluntary carbon offset programme. Secretary for Financial Services & the Treasury…
- Government welcomes passage of Inland Revenue (Amendment) (Tax Deductions for Leased Premises Reinstatement and Allowances for Buildings and Structures) Bill 2024
- LCQ22: Initiatives to encourage childbearing
- Company figures reach record high
The Government today announced that the number of companies in Hong Kong with overseas or Mainland parent companies rose to 9,960 in 2024, while the number of startups in Hong Kong increased to 4,694, both reaching record highs. The figures were released in the 2024 Annual Survey of Companies in Hong Kong with Parent…
- Budget to reflect public views: CE
(To watch the media session with sign language interpretation, click here.) Chief Executive John Lee said today that Financial Secretary Paul Chan will consider all the opinions gathered by public consultation as he prepares next year’s Budget. Ahead of the Executive Council meeting this morning, Mr Lee said that a lot of advice…
- 79 companies awarded
Seventy-nine local companies were commended today at the 2023-24 Hong Kong Awards for Industries Presentation Ceremony. Chief Executive John Lee addressed the ceremony in a video message, while Deputy Chief Secretary Cheuk Wing-hing attended it as an officiating guest. In his message, Mr Lee commented that while the award-winning enterprises and products come…
- Hong Kong commits to implementing Crypto-Asset Reporting Framework
- Public consultation on Budget starts
The public consultation exercise for the 2025-26 Budget has started, the Government announced today. Financial Secretary Paul Chan stressed that Hong Kong must manage public finances more prudently in light of a continuously uncertain external environment, a complex and changing global political and economic landscape, and the structural adjustments taking place in the local…
- HK commits to crypto-asset reporting
The Government informed the Global Forum on Transparency & Exchange of Information for Tax Purposes of the Organisation for Economic Co-operation and Development (OECD) today of Hong Kong’s commitment to implementing the Crypto-Asset Reporting Framework (CARF) for enhancing international tax transparency and combating cross-border tax evasion. Secretary for Financial Services & the Treasury Christopher…
- Infrastructure bond results released
The Government today announced the subscription and allocation results for its retail infrastructure bond. In all, 127,594 valid applications were received for a total of $17.77 billion in principal amounts of bonds. Applicants seeking 100 or fewer lots will be awarded in full, while those seeking more than 100 lots will be awarded…
- Elders digital inclusion scheme set
The Social Innovation & Entrepreneurship Development Fund (SIE Fund) today launched the “Smart Silver” Digital Inclusion Programme for Elders, starting a new chapter in the pursuit of digital inclusion for the elderly. Among the guests at the launch ceremony were 75 elderly volunteers who joined others to celebrate the 75th anniversary of the founding…
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