Economy

Gross national income climbs 8.8% YoY to $3.3t in 2023

In real terms, GNI increased by 4.9% YoY.
23 hours ago

Gross national income climbs 8.8% YoY to $3.3t in 2023

In real terms, GNI increased by 4.9% YoY.
23 hours ago

Lower rates not enough to halt Hong Kong’s slowing economic growth: Natixis

Ongoing property woes a growing issue for its largest source of tax income.
3 days ago

Life Sciences industry offers investors high risks, rewards

The life sciences capital scene is struggling with few revenue sources.
4 days ago

Two Sessions conclusion fuels Hong Kong’s goals for future development

The Two sessions’ key theme is new quality productive forces.
5 days ago

Hong Kong emerges as 10th most globalised market

In 2023 edition of the index, Hong Kong ranked 31st out of 181 markets.
5 days ago

Greater Bay Area’s development boosts HK competitiveness

Hong Kong is in a unique position to enhance its role as an offshore renminbi service hub.
6 days ago

Trade value to mainland dampens in 2023

Total exports to the mainland are 6.5% YoY.

Construction sector sees 4.2% growth in Q423, totaling $71.3b

Main contractors saw an 8.8% nominal increase in total GVCW, reaching $271.0b, in 2023.

Gov’t announces tax concession plans

The tax concessions will benefit over 2m taxpayers and 3m properties.

How Hong Kong can utilise fiscal reserve to support economic growth

The region's fiscal reserve as of the end of 2023 was roughly 23% of GDP.

HK, Bahrain forge investment pact to strengthen economic ties

The agreement will come into effect once both sides have fulfilled internal procedures.

Gov't projects $48.1b deficit for FY24-25

For FY23-24, the government expects a deficit of $101.6b. 

HK targets revenue boost through tax reforms, fiscal measures

Proposed measures include implementing a two-tiered tax regime for salaries and personal assessment.

Experts call for stronger tax reliefs for individuals, enhanced family office tax breaks

An expanded family office tax concession regime seen propelling the city as global capital hub.

More SME support announced in Budget speech

All enhancements will take effect for the 2024-2025 assessment year. Financial Secretary Paul Chan has announced a series of strategic measures in...

Gov’t sets aside $4.3b to support IP trading and creative arts branding

The IP trading and the creative industry received funding of $45m and $4.3b respectively.

Budget 2024-25: Gov’t cuts salaries and profits taxes

The government will reduce salaries tax for the 2023-24 tax year by 100%, subject to a ceiling of $3,000.