Economy
Two Sessions conclusion fuels Hong Kong’s goals for future development
The Two sessions’ key theme is new quality productive forces.
Two Sessions conclusion fuels Hong Kong’s goals for future development
The Two sessions’ key theme is new quality productive forces.
Hong Kong emerges as 10th most globalised market
In 2023 edition of the index, Hong Kong ranked 31st out of 181 markets.
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.
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.
Rollback of property cooling measures to spur sales, but no silver bullet to recovery
Analysts estimate up to a 15% sales increase, although prices may still fall in 2024.
Hong Kong and Shenzhen strengthen environmental collaboration
Chemical treatment process results showed reduced phosphorus discharge into Ng Tung River and Shenzhen River.
Exports value climbs 33.6% YoY to $388.7b in January 2024
The pace of increase has picked up.
Read Here
Advertise
Sign Up
