KPMG welcomes the Hong Kong SAR government's budget (the "Budget") which will provide assistance to industries and individuals affected by the ongoing COVID-19 pandemic. Despite the forecasted budget ... ( read original story ...)
Chinese firm to build COVID facilities as Hong Kong infections spiral
HONG KONG (Reuters) -Hong Kong has contracted a Chinese firm to build eight isolation and treatment facilities to help fight a worsening COVID-19 outbreak, as the government said on Friday daily cases ... ( read original story ...)
Hong Kong’s First SPAC Wins Exchange Approval for IPO, Sources Say
A blank-check company backed by China Merchants Bank Co.’s overseas asset management arm has become the first to win approval for an initial public offering in Hong Kong, according to people familiar ... ( read original story ...)
Hong Kong budget: Paul Chan’s forecast of a quick recovery from Omicron is just not realistic
The financial secretary acknowledged the impact of the Omicron wave but expected a swift recovery in the rest of the year With a zero-Covid policy in place, can Hong Kong really reopen to the mainland ... ( read original story ...)
Hong Kong and Singapore virus response a tale of two very different cities
Rivals Singapore and Hong Kong have become pandemic polar opposites, the former opting to live with the coronavirus and reopen to the world while ... ( read original story ...)
Fourth Paradigm Tech refiles for Hong Kong IPO
Beijing Fourth Paradigm Technology Co, an artificial intelligence software developer, has resubmitted a draft IPO prospectus in Hong Kong after its initial application expired. The Sequoia ... ( read original story ...)
Relief for Hong Kong’s middle-class families through tax breaks, rates concessions, and e-vouchers to spend too
For one working couple, budget measures add up to more than HK$85,000 in reliefs, savings, handouts Young mum hopes government can consider offering 'practical help' such as school fee waivers too ... ( read original story ...)
Bank of America executive to leave Hong Kong as exodus continues
Bank of America’s co-head of global capital markets in Asia-Pacific is leaving Hong Kong after less than two years as harsh pandemic restrictions prompt an exodus of ... ( read original story ...)
Hong Kong’s surprise surplus: were numbers ‘distorted’ to avoid deficit? Economists question adding proceeds from bonds, fund transfers
Hong Kong government has made a habit of 'underestimating surpluses, overestimating deficits' Economist calls for more transparent profit tax regime and a crackdown on corporate tax evasion Financial ... ( read original story ...)
Why Hong Kong Is Now One of the Worst Places to Be in Covid Era
Hong Kong fell to second last among the 53 places scored in Bloomberg’s Covid Resilience Ranking in February, marking a rapid decline over the past few months. ( read original story ...)
Hong Kong finance chief brushes off concerns over consumption vouchers after being criticised for not offering cash
Hong Kong’s finance chief has sought to play down concerns about the decision to distribute handouts to residents in the form of digital consumption vouchers after being taken to task in some quarters ... ( read original story ...)
Hong Kong Jan home prices at 11-month low, hit by COVID
HONG KONG (Reuters) - Hong Kong private home prices dropped for the fourth consecutive month in January to the lowest since February 2021, official data showed on Thursday, as the financial city was ... ( read original story ...)
Besieged Hong Kong fires loud stimulus cannon
Hong Kong’s financial secretary is stuck between a pandemic rock and an economic hard place. Paul Chan on Wednesday laid out a budget for the financial year starting in April dedicating HK$170 billion ... ( read original story ...)
Coronavirus: Hong Kong football season may be abandoned after social-distancing measures are extended to April
Omicron surge throws football season into doubt as Hong Kong extends lockdown There are eight teams in the BOC Premier League this season but so far only four rounds out of a total 14 have been ... ( read original story ...)