Financial Services
Central govt supports HK as offshore RMB center
Central govt supports HK as offshore RMB center
The central government of China supports Hong Kong's efforts in building itself into an offshore RMB center.
MPFA explains relevant MPF information in leaflets
The MPFA has published three MPF leaflets to explain important details in relevant MPF documents. It includes the Fund Fact Sheet and Annual Benefit...
Each Hong Kong permanent resident to receive $6,000
75% reductions in salaries tax and tax under personal assessment, capped at $6,000, will also be given to each permanent adult.
SFC, HKMA and StanChart reach agreement on Lehman Brothers notes
The SFC and the HKMA has reached an agreement with Standard Chartered Bank in relation to the bank's distribution of equity linked structured notes.
Hong Kong's role as global financial centre highlighted in New York
Hong Kong has a unique role in helping US-based financial services businesses grow in China and the rest of Asia. This was emphasized by Under...
Exchange Fund assets amount to $2,505B in January
The Hong Kong Monetary Authority announced that the total assets of the Exchange Fund amounted to HK$2,505.0 billion as at January 31, 2011. It is HK...
436,000 transport subsidy beneficiaries may receive first payment this year
The transport subsidy's first payment is amounting to $3,600, said Secretary for Labour & Welfare Matthew Cheung.
HKMA completes investigations in Lehman-Brothers-related cases
HKMA announced that the investigation of over 99% of a total of 21,748 Lehman-Brothers-related complaint cases received has been completed.
MPF injection to benefit 4 million
The proposal to inject $6,000 into each Mandatory Provident Fund account will leave wealth with the people, said Secretary for Financial Services &...
New mortgage loans down 30%
New mortgage loans drawn down during January dropped by 30.0 per cent to HK$21.7 billion compared with December last year. This is according to Hong...
Government to relax criteria for legal aid applicants
The Chief Executive in Council has approved the government's plan to relax the criteria for assessing the financial eligibility of legal-aid...
Subsidy scheme may raise income limit for two-member households to $12,000
A further upgrade to the Work Incentive Transport Subsidy Scheme has been proposed, said Secretary for Labour & Welfare Matthew Cheung.
New $500 banknotes to be launched
The Monetary Authority will put new $500 banknotes into circulation on February 22. They will be available for exchange at Hong Kong's three note...
Financial secretary names Carlson Tong non-executive director
Tong’s experience and expertise in the accountancy and the financial-services fields qualified him for the post.
Government urged subsidy support
The enhanced scheme can benefit more people while ensuring the scheme's long-term sustainability and proper and fair use of public money.
SW Kingsway Capital profit up 25% to HK$46.8mn
The company targets diversified investment opportunities and introduction of new products and services.
HSBC releases first renminbi cashier’s order in Hong Kong
Move shows the bank’s commitment to anticipate client renminbi product needs while it capitalizes in the new opportunities created by the...
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