In Focus
Go to Hong Kong, Taiwanese businessmen urged
Hong Kong is the ideal gateway for Taiwanese entrepreneurs looking to go global and its corporate tax rate is up to 16.5% lower than Taiwan’s.
Go to Hong Kong, Taiwanese businessmen urged
Hong Kong is the ideal gateway for Taiwanese entrepreneurs looking to go global and its corporate tax rate is up to 16.5% lower than Taiwan’s.
Office space vacancy hits 20-year low
But demand for Grade-A office space declined forcing rents to slip 3.2%.
Business firms expect worse Q3
About 19% of Hong Kong firms don’t expect their business situation in Q3 to be better than Q2.
Hong Kong to implement trade fee cut
The city will halve its import and export declaration charges to cut the cost of doing business, the Commerce & Economic Development Bureau said.
Foreigners dominate fund management in Hong Kong
Over 60% of all funds invested in Hong Kong in the past five years came from overseas investors.
More consumer protection in new law
A bill imposing tougher penalties on rogue traders who prey on consumers could be implemented by 2013.
First-time home buyers get first shot at new flats
Some 5,000 eligible applicants will be the first to purchase flats under the Home Ownership Scheme in January 2013.
Hong Kong has most expensive retail rent
Rents in Hong Kong surged 19% in 1Q12, says CBRE.
Huge home building projects to start soon
The government will soon begin building 17,000 flats over the next five years.
No relief in sight for Hang Seng woes
Hong Kong shares are expected to continue falling once China releases more disappointing economic data this week.
Hong Kong braces for a no growth scenario in 2012
Hong Kong’s economy grew 0.4% in the 1Q, the slowest pace since the global financial crisis began in 2008.
Foreign investors urged to use renminbi in Hong Kong deals
China is encouraging foreign investors to use the renminbi or yuan for trade and investment in Hong Kong.
Mainland financial initiatives welcome in Hong Kong
Financial Secretary John Tsang welcomes the measures China will implement to strengthen cooperation between Hong Kong and the Mainland.
Leung sworn in as Chief Executive
Leung Chun-ying took office yesterday as Hong Kong’s third chief executive since 1997.
Shenzhen plans to build its own Hong Kong clone
There are plans to build a new city in China to compete against Hong Kong.
Hong Kong forms financial services task force
A Preparatory Task Force on the Financial Services Development Council has been established by the government to recover lost ground in financial services.
Hong Kong firms receive support for Mainland businesses
The government has set aside $1 billion to strengthen the competitiveness of Hong Kong businesses on the Mainland.
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