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Category: BUSINESS

Posted on 22/12/2023

Number of Hong Kong businesses with mainland China or overseas parents back to pre-coronavirus levels at more than 9,000, figures show

Government figures show more than 9,000 companies and total of 468,000 staff with mainland China or foreign head offices in city Mainland China has most satellite operations, followed by Japan, US, UK ...

Posted on 22/12/2023

You Can Now But Hong Kong Residency for a Cool $3.8 Million

Hong Kong is once again becoming a pay-to-play city ... The investment-to-residency program will start in the middle of next year, and it's expected to bring in roughly $15.4 billion every year, ...

Posted on 21/12/2023

Hong Kong sees rapid growth in R&D expenditure

HONG KONG, Dec. 21 (Xinhua) -- Hong Kong continued to see rapid growth in research and development (R&D) expenditure as the city steps up investment in innovation and technology (I&T), official data ...

Posted on 21/12/2023

Hong Kong’s Emergence as a Hub for Startups and AI Applications

Hong Kong’s startup ecosystem has witnessed exponential growth in recent years, boasting 3,985 startups and 14,932 employees—an increase of 52% and 56%, respectively, since 2018. Government ...

Posted on 21/12/2023

Hong Kong launches ambitious plan to land family offices for the super-rich, but how does it stack up against competition for the lucrative market?

Secretary for Financial Services and the Treasury Christopher Hui says he is confident scheme a credible rival to Singapore's Global Investor Programme Government says scheme could bring in HK$120 ...

Posted on 21/12/2023

Text messages by 23 Hong Kong mobile service providers to carry ‘#’ prefix from next Thursday under anti-phishing drive

Office of the Communications Authority says first round of networks will be able to register numbers with watchdog and get hashtag to verify sender identities.

Posted on 21/12/2023

Rogue Hong Kong cabbies must get point of new law

Taxi drivers who give their colleagues and city a bad name face punishment under a demerit system that is sorely needed The meter is about to start running on taxi drivers who embarrass their ...

Posted on 20/12/2023

Hong Kong Stock Exchange: derivatives, ETF trading rise to offset slump in IPO, share markets, as ‘diversification efforts pay off’

Hong Kong Exchanges and Clearing (HKEX), which runs Asia’s third-largest stock market, reported strong growth in derivatives trading despite a big fall in new listings, in an indication that the ...

Posted on 20/12/2023

Hong Kong drops to 46th place in global freedom ranking, as think tanks cite China’s ‘increasing interference’

Hong Kong has dropped 17 places down a global freedom ranking published by overseasthink tanks, marking the second-steepest drop among all territories on the list behind Myanmar. The city saw ...

Posted on 20/12/2023

Hong Kong launches action plan to develop ports into leading international maritime centre

The action plan on maritime and port development strategy, unveiled by the Transport and Logistics Bureau on Wednesday, lays out key areas of focus, including developing Hong Kong as a green and smart ...

Posted on 20/12/2023

Alibaba drives stock rebound in Hong Kong on leadership revamp while overnight rally in US equities buoys sentiment

Hong Kong stocks advanced as Alibaba Group surged after an internal leadership revamp to strengthen its e-commerce business and overcome competition. Traders also returned after a two-day slide, as an ...

Posted on 20/12/2023

Hong Kong to offer residency to wealthy for HK$30 million investment

HONG Kong is starting a programme next year that will give residency to people who invest HK$30 million (S$5.1 million) into the city as it steps up efforts to revive its status as a financial centre ...

Posted on 20/12/2023

Hong Kong to offer residency to wealthy for US$3.8mil investment

Hong Kong is starting a programme next year that will give residency to people who invest HK$30 million (US$3.8 million) into the city as it steps up efforts to revive its status as a financial centre ...

Posted on 20/12/2023

Hong Kong to Offer Residency to Wealthy for $3.8 Million Investment

Hong Kong is starting a program next year that will give residency to people who invest HK$30 million ($3.8 million) into the city as it steps up efforts to revive its status as a financial center and ...

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