Hong Kong

Gov’t green lights stamp duty bill

Gov’t green lights stamp duty bill

It aims to lessen the burden on buyers of lower-priced properties.

Gov't launches subsidy scheme as MPF offsetting arrangement ends

It will help cover employers’ severance and long-service payment costs.

Gov’t introduces new housing bill

The bill will be taken up by the Legislative Council for first and second readings on 2 April.

New immigration scheme seeks to boost HK economy

Policy bureaus and departments will invite ASEAN nationals who can boost Hong Kong's economy.

HK raises minimum wage rate

The minimum wage rate has been raised by 5.25% to $42.1 per hour.

Gov’t expands talent list to 60 professions

They have added nine professions to the list.

Klook secures $779m in new round of funding

This aims to drive its next phase of growth and innovation.

Gov’t implements mediation policy in contracts

Contract parties have to agree to use mediation in dispute settlement first before resorting to arbitration.

HK gov’t debt hits $293.2b

Fiscal reserves stood at $664.1b.

HK suspends poultry import from parts of Poland, the UK

This is due to reported outbreaks of highly pathogenic H5N1 avian influenza.

Office prices decline by 7.8% YoY in 2023: report

Grade A, B, and C offices decreased by 2%, 11.5%, and 7.9%, respectively.

TAG appoints John Tsang as new senior advisor following Hong Kong office expansion

He was Hong Kong's former financial secretary from 2007 to 2017.

Gov’t opens application for Innovation & Technology Industry-Oriented Fund

The invitation outlines the preliminary proposed ITIF framework.

EPD announces new arrangements for plastic recycling set

The GREEN@COMMUNITY network will take over plastic recycling services after the pilot scheme ends.

Varadise secures $23.3m Series A funding

The funding round was led by Betatron Venture Group.

Endowus raises $408m in latest funding round

This also brings the company’s overall fundraising to $856m.