Tax bill passage welcomed

Secretary for Financial Services & the Treasury James Lau welcomed the passage of the Inland Revenue (Amendment) (Tax Concessions) Bill 2019 by the Legislative...

HK Asia’s wine hub

Financial Secretary Paul...

FS to visit London

Financial Secretary Paul Chan will depart for London on October 25.   During his stay, Mr Chan will meet UK government officials and Members of Parliament, as...

Gov’t to boost HK’s image

The Government will devote more efforts and resources to promote Hong Kong and rebuild international confidence in the city once peace is restored.   Secretary for...

Cash incentive scheme set

The Government today announced it will roll out a cash incentive scheme to support travel agents and other tourism-related industries.   Secretary for Commerce & Economic...

Hong Kong travel agencies to receive up to HK$60k in subsidies following drop in...

The government has announced a new subsidy scheme to help the travel industry following a drop of the number of tourist arrivals owing to...

More support for HK firms

(To watch the video with sign language interpretation, click here.)   The Government today announced a new round of measures costing about $2 billion in total...

Gov’t supports tourism sector

(To watch the video with sign language interpretation, click here.)   The Commerce & Economic Development Bureau is in the final stage of agreeing on measures...

September inflation up 3.2%

Overall consumer prices rose 3.2% year-on-year in September, the Census & Statistics Department announced today.   Netting out the effects of the Government's one-off relief measures,...

Majority of executives struggle to upskill staff for new tech: study

Globally, 78% of business leaders predict an uphill battle in training staff on new tech. Majority of Hong Kong business leaders...

Four mobile networks buy 5G spectrum for $1b

It will take effect on April 2020. Four mobile network operators have collectively purchased 200MHz of spectrum in the 3.5 GHz...

Office rents break seven-quarter growth with 1% dip in Q3

Average rents in Central declined the first time since Q3 2014. Office rents in Hong Kong ended its seven-quarter growth streak...

Prime street shop rents tumbled 15.4% in Q3 as vacancies mount

Retailers are “running out of money” and expired leases were not being renewed. Prime street shop rentals fell 15.4% QoQ in...

Interconnection bandwidth to grow 55% CAGR in 2018-2022

66% of local businesses shared plans to use virtual connections to support overseas expansions. Hong Kong’s interconnection bandwidth or private connectivity...

Exports down 7.2% in August

Double-digit declines were recorded for import volume from South Korea and China. Hong Kong’s total exports of goods decreased by 7.2%...

China Mobile Hong Kong wins 3.5GHz spectrum for $300m

The company will build a territory wide 5G network. China Mobile Hong Kong won the bid for 60MHz bandwidth 3.5GHz bands...

Foreign companies in Hong Kong up 9.9% to 9,040 in 2019

More than 1,500 operates their regional headquarters in the city. The number of overseas and mainland Chinese companies in Hong Kong...

Hedge fund assets hit all-time high at $722.33b despite unrest

China’s growing economy, highly-trained talent and robust regulatory landscape boosted the figure. The hedge fund industry has accumulated a new high...

F&B sector’s jobless rate hit six-year high in Q3

Unemployment levels in consumption and tourism-related segments were at the highest in two years. The unemployment rate of the food and...

Business conditions expected to deteriorate in Q4: survey

Retail, food and accommodation sectors expect output and prices to fall. A third or 32% of Hong Kong senior managers are...

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