Hong Kong

Pay for workers in finance industries to increase by 3.8% and up in 2023

This is likely because there will be a “greater focus” on finance tech industries this year.

How Hong Kong plans to position itself as a greener city

The government will establish a green-tech committee as part of its efforts.

Unemployment rate drops to 3.3% 

There were 115,700 unemployed from December 2022 to February 2023.

Residential market sales to grow 49% in Q1 2023

It will be backed by China reopening and reduction of AVD.

Measures in place to combat abuse of public housing resources: gov’t 

Over 3,000 households have either surrendered their flats or had it confiscated. 

No delay in full implementation of eMPF platform: gov’t 

This is despite an expected eight months setback in the platform’s delivery. 

Gov’t proposes to ban disposable plastic tableware in catering premises

The proposed ban applies to both dine-in and takeaway customers.

How ESG is measured in valuations and how enhanced green technology helps companies with purpose

Companies without a purpose are no longer sustainable. As so many young people today aspire to live in a better world, the domino effect of their choices to be environmentally and socially conscious reaches all companies. 

4 actions HK can take to grow its I&T industry

Under the HK I&T Development Blueprint, the city plans to grow the industry by 5% in 5 years.

HK is 3rd leading global city for the wealthy

There are 15,175 UHNW individuals with primary or secondary residence in HK.

Why GBA consumers invest in Hong Kong

Most (78%) cite higher returns than on the Mainland.

Gov’t launches corporate internship scheme

Twenty four companies will participate in the scheme’s latest round.