Economy

Hong Kong introduces one-off tax cut for 2024/25 tax year

A 100% reduction in profits tax, salaries tax, and tax under personal assessment has been proposed.
8 hours ago

Four in five Hong Kong entrepreneurs hold multiple residencies: report

HSBC said Hong Kong ranked second only to New York in terms of ultra-high-net-worth residents.
8 hours ago

What analysts have to say about Hong Kong 2025-26 Budget

PwC and KPMG commend efforts to bolster AI and asset management sectors in Hong Kong.
4 days ago

HKPC, HKTDC back Budget’s push for innovation, SME growth

Both organisations reaffirmed their commitment to working closely with the government.
4 days ago

Hong Kong strengthens ties with Global South markets

It also aims to enhance collaboration with ASEAN and Middle Eastern markets.
5 days ago

Mainland firms urged to set up headquarters in Hong Kong

It will provide them one-stop professional consulting services.
5 days ago

Hong Kong's revenue forecast cut to $560b for 2024-25

Fiscal reserves are expected to drop to $647.3b by 31 March
5 days ago

Hong Kong halts sales of commercial sites

But this move “will be effective for the next five years only," a property analyst said.
5 days ago

Economy to grow 2.9% annually from 2026-29: FS Chan

Inflation rate is forecasted to be 1.5% in 2025.
5 days ago

Hong Kong to build $1b AI Research & Development Institute

The institute will be formed by the Digital Policy Office.
5 days ago

‘Strategic’ enterprises to invest $50b in Hong Kong and generate 20,000 jobs

The OASES will announce the new batch in March 2025.
5 days ago

China slowdown, trade uncertainty to weigh on HK’s 2025 growth

GDP growth is expected to slow further to 2.3% in 2025.
5 days ago

HKTDC to bolster competitiveness, global connections

Amongst HKTDC's strategies include nurturing a new generation of SMEs and start-ups.

HK inflation up 2% in January

Price hikes were recorded in alcoholic drinks and tobacco.

HK unemployment rate steady at 3.1%

The underemployment rate also stayed at 1.1%.

Population inches up 0.1% in 2024

It was driven by a net inflow of 21,000 residents.