The Hong Kong government expects to record a deficit of HK$140 billion in 2022-23, more than double the HK$56 billion initial estimate. The estimated fiscal deficit was revealed by Financial Secretary ...
Hong Kong flags handouts to support recovery from COVID shock
Hong Kong will give more handouts to consumers to support the city's recovery from a prolonged economic downturn induced by COVID-19 restrictions, Financial Secretary Paul Chan announced in the ...
Hong Kong GDP to grow 3.5%-5.5% in 2023 – financial sec
HONG KONG (Reuters) - Hong Kong's economy is expected to grow 3.5%-5.5% this year after shrinking 3.5% in 2022, as it leaves behind COVID-19 restrictions that had isolated the city from the rest of ...
Hong Kong Cuts Tax Rates for First-Time Home Buyers
Hong Kong is lowering the tax rate for first-time buyers of properties under HK$20 million ($2.5 million) in a bid to help people climb the housing ladder. Financial Secretary Paul Chan announced the ...
Hong Kong to allocate 50m HKD to speed up Web3 development
Web3, currently in its start-up period, has huge potential and Hong Kong must keep up with the times and seize this golden opportunity to spearhead innovation development, Chan said when delivering ...
BNP Paribas says it’s more positive on mainland China than on Hong Kong this year
Manishi Raychaudhuri of the French bank discusses the "two big themes" it's playing in China. Like us on Facebook to see similar stories Please give an overall site rating: ...
Hong Kong Will Hand Out More Cash Vouchers to Boost Economy
Hong Kong will give out more cash vouchers to consumers this year, Financial Secretary Paul Chan said in his annual budget speech, as the government looks to spur demand with loose fiscal policy ...
Hong Kong Stocks Flirt With Correction as Growth Headwinds Rise
Hong Kong’s benchmark stock index wavered near correction levels Wednesday as growing geopolitical concerns and doubts over the strength of China’s economy spurred a rethink on the market’s ...
Hong Kong flags handouts to speed up recovery from Covid shock
Hong Kong counts on increased cross-border business with mainland China, which has also given up enforcing Covid rules. The city had spent more than HK$600 billion ($76.44 billion) on various pandemic ...
Hong Kong Stocks Head for Correction as Growth Headwinds Build
Hong Kong’s benchmark stock index is set to enter a correction as growing geopolitical concerns and doubts over the strength of China’s economy spur a rethink on the market’s outlook.
Hong Kong’s crypto hub plans win quiet backing from Beijing
Hong Kong rolled out the red carpet for crypto businesses to help revitalise the embattled financial hub. Signs are now emerging that the push has under-the-radar backing from Beijing, providing ...
Hong Kong budget 2023-24: after ‘Hello’, comes ‘Happy’ – finance chief to dish out consumption vouchers as part of drive but focus is on new growth engines
Financial Secretary Paul Chan expected to roll out consumer vouchers and raise taxes 'Happy Hong Kong' drive also to be announced, featuring collaborations with theme parks to boost local spending ...
Peter Thiel-Backed SPAC Weighs Merger With HK Fintech Hyphen, Sources Say
Bridgetown Holdings Ltd., the US-listed blank-check company backed by billionaires Peter Thiel and Richard Li, is considering a merger with financial technology firm Hyphen Group, according to people ...
Hong Kong Plans to Let Retail Sector Trade Larger Crypto Tokens Like Bitcoin
Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a ...