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The Innovation & Technology Commission will hold InnoCarnival 2024 from October 26 to November 3 to showcase local innovation and technology (I&T) achievements. A diverse line-up of about 150 workshops and webinars across various subjects will also be available during the carnival.   Themed “Let’s Sail with Innovation & Technology”, the event will be held…

Hong Kong is among the top 10 performers of 50 economies covered in the first Business Ready 2024 Report published by the World Bank Group (WBG) today, the Government said today.   In a statement, the Government said the WBG Report has given recognition to Hong Kong as an international trading centre with simple and…

Secretary for Financial Services & the Treasury Christopher Hui today chaired the fourth meeting of the Coordination Group on Implementation of Fintech Initiatives.   During the meeting, he held discussions with representatives from the financial regulators, the fintech sector, academia and research institutions on the latest developments in Hong Kong’s fintech sector.   Mr Hui…

The value of total retail sales in August, provisionally estimated at $29.2 billion, decreased 10.1% compared with the same month in 2023, the Census & Statistics Department announced today.   After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales for the month…

The Government announced today the launch of the Signature Performing Arts Programme Scheme for selecting performing arts productions with potential and nurturing them to become representative and large-scale local productions for long-running performances.        Each selected programme under the scheme will receive a maximum direct subsidy of $10 million to support expenses for creative concepts,…

The value of residential mortgage loans approved in July was $ 21.8 billion, a 12.2% drop compared with July, the Monetary Authority announced today.   Mortgage loans financing primary market transactions dropped 11.7% to $7.6 billion, while those financing secondary market transactions decreased 13.7% to $11.8 billion.   Loans for refinancing surged 5.6% to HK$2.5…

Associate Director-General of Investment Promotion Charles Ng says Hong Kong’s financial services sector is currently undergoing accelerated growth, thanks to the ongoing recovery seen in the city’s overall economy, as well as favourable government policies.   In the first eight months of this year, Invest Hong Kong (InvestHK) assisted 40 companies in the financial sector…

Financial Secretary Paul Chan spoke to the UK’s political and business communities to promote Hong Kong as he attended a roundtable meeting and a luncheon in London on the final leg of his visit.   Mr Chan joined a roundtable meeting organised by The CityUK, an industry-led body representing UK-based financial services, for in-depth discussions…

The Office of the Communications Authority (OFCA) today announced that starting October 1, Hong Kong identity (HKID) card holders completing real-name registration for pre-paid SIM (PPS) cards via telecommunications service providers’ online registration platforms can by default register and verify their identities through the iAM Smart mobile application.   The enhancement aims to ensure the…

Financial Secretary Paul Chan began his visit to London yesterday where he attended the annual “Hong Kong Dinner” engagement to share the latest developments in Hong Kong with participants. The dinner event, with about 350 leaders from the British political and business sectors and professionals invited to attend, was organised by the Hong Kong Trade Development…

The 5th Belt & Road Initiative Tax Administration Cooperation Forum (BRITACOF) hosted by the Inland Revenue Department concluded successfully today.   This three-day annual mega event in the international tax community attracted about 500 tax officials, tax experts, as well as representatives from international organisations, academic institutions and enterprises from nearly 50 countries and regions….

The value of Hong Kong’s total exports increased to $381.3 billion in August, up 6.4% on the same month last year, the Census & Statistics Department announced today.   The value of the city’s imports rose 7.9% to $414.4 billion in the same period.   A trade deficit of $33.1 billion, or 8% of the…

Secretary for Innovation, Technology & Industry Prof Sun Dong attended automotive supply chain meetings in Wuhan, Hubei Province today.   In the morning, Prof Sun attended the 2024 China Automotive Supply Chain Conference & the Third China Intelligent Networked New Energy Vehicle Ecological Conference organised by the China Association of Automobile Manufacturers and Dongfeng Motor…

Financial Secretary Paul Chan today wrapped up his visit to Spain by attending an exchange session organised by the IESE Business School in Madrid.   Leading a delegation of technology startups, Mr Chan met more than 10 Spanish startup entrepreneurs, representatives of venture capital funds, investors and business matching enterprises.   As one of the…

The Financial Services & the Treasury Bureau today published the consultation conclusions on promoting paperless corporate communication for Hong Kong companies, outlining the views received during the consultation, along with the Government’s response and the way forward.   The public consultation was conducted from November 27, 2023, to January 26, 2024, during which nine submissions…

Continuing his visit to Madrid, Spain, Financial Secretary Paul Chan yesterday spoke at a business lunch, met Spanish officials and visited local enterprises.   Delivering a keynote speech at a lunch with about 150 leaders from Spain’s business, financial, and innovation and technology sectors, Mr Chan stressed that Hong Kong has restored its global connections…