Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.
Hong Kong hands out cash, cuts duties in budget despite larger deficit
However, Financial Secretary Chan said the recent reopening of China's borders would alleviate some pressure, with business and logistics links normalising after COVID lockdowns. He cited a speech by ...
Hong Kong gives first-home buyers a leg-up with ‘adjustment’ to decade-old stamp duty
Hong Kong’s government will adjust a decade-old stamp duty on mass-market homes to help the city’s first-home buyers get on the property ladder, as it looks to make housing more affordable in the ...
Hong Kong gives first-home buyers a leg-up with trims to ad valorem stamp duty
Hong Kong’s government will adjust a decade-old stamp duty on mass-market homes to help the city’s first-home buyers get on the property ladder, as it looks to make housing more affordable in the ...
Hong Kong’s Ambitious Plan To Become A Crypto Hub Has China’s Quiet Blessing
Hong Kong's Securities and Futures Commission has revealed its plan to allow retail investors to trade large-cap crypto assets on licensed crypto exchange platforms in the country.
Hong Kong’s financial secretary expects city’s economy to grow between 3.5% and 5.5%
Hong Kong's Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and China's economic outlook improves, Hong Kong's financial secretary said on ...
Hong Kong unveils budget, promising ‘abundant opportunities’ as city recovers
Hong Kong's Financial Secretary Paul Chan struck a positive tone on Wednesday as he revealed the city's budget.
Hong Kong unveils US$97bn recovery budget
Betting on a rebound - On its path to recovery, Hong Kong has made restoring its business-friendly reputation and reversing an exodus of both expatriate and local workers top priorities. In three ...
Hong Kong hands out cash, cuts duties despite larger deficit
Hong Kong is set for back-to-back deficits but will give cash handouts and ease stamp duties for first time property buyers, to support an economy buffeted by prolonged COVID-19 restrictions, the city ...
Hong Kong gives first-home buyers a leg-up with ‘adjustment’ to decade-old duty
Adjustments aimed at 'easing the burden on ordinary families of purchasing their first residential properties', Paul Chan says Measure effective immediately, will benefit 37,000 buyers and cost the ...
Hong Kong banks hit by China’s property exposure
Banks remain uncertain whether China’s policy measures could bring a meaningful recovery in property demand. (Reuters pic) HONG KONG: Hong Kong-listed banks have reported an increase in expected ...
Hong Kong residents to receive new HKD 5,000 consumption voucher
This includes supermarkets, restaurants, beauty salons, public transport, and more. It’s also accepted in online platforms that allow payment by Alipay Hong Kong, BoC Pay, Octopus, PayMe, HSBC, Tap & ...
HSBC’s Defense Is Sturdier Than Standard Chartered’s
HSBC Holdings Plc and Standard Chartered Plc both have unwanted attention from outsiders: HSBC’s biggest investor is demanding a breakup, and a potential suitor from Abu Dhabi is threatening the ...
Hong Kong Budget 2023: City expects to see HK$140 billion deficit, but ‘visible rebound’ in economy expected
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 ...