Budget Time in Hong Kong
Finance & Budget

Budget Time in Hong Kong

Ever since the public consultation for the 2019-20 Budget started in December, different groups are preparing recommendations for Hong Kong’s financial chief Mr Paul Chan…

HKMA tells HK to brace for volatility as ultra-low interest era ends
Finance & Budget

HKMA tells HK to brace for volatility as ultra-low interest era ends

The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, raised its base interest rate by 25 basis points for the fourth time…

Connect this: Life Insurance to join Stock Connect in GBA
Finance & Budget

Connect this: Life Insurance to join Stock Connect in GBA

The Greater Bay Area (GBA) initiative promotes the financial integration of Hong Kong and mainland China with the help of better capital flow. By tapping…

Hong Kong Fund Body Proposes to Remove Cross-Border Funds Sale Restrictions
Finance & Budget

Hong Kong Fund Body Proposes to Remove Cross-Border Funds Sale Restrictions

By Alex Ho The Hong Kong Investment Fund Association (HKIFA) has reportedly submitted a range of proposals to the China Securities Regulatory Commission (CSRC), requesting…

Hong Kong joins 21st century with Fast Payment System
Finance & Budget

Hong Kong joins 21st century with Fast Payment System

The Faster Payment System (FPS) launched by the Hong Kong Monetary Authority (HKMA) last month takes the Special Administrative Region one step closer to become…

Building a unified Hong Kong – China insurance market
Finance & Budget

Building a unified Hong Kong – China insurance market

After the “Stock Connect” is implemented to allow investors from Hong Kong and China to trade on stock markets of both places, the city’s insurance…

What goes down must go up: Interest rates rising in Hong Kong
Finance & Budget

What goes down must go up: Interest rates rising in Hong Kong

For the first time in 12 years, banks in Hong Kong raised interest rates by 12.5 basis points , putting the property market under pressure….

New super tax deduction may not be as inclusive as it seems
Business

New super tax deduction may not be as inclusive as it seems

In order to encourage R&D to be conducted in Hong Kong, the government proposed in its new budget a super tax deduction of 300 percent…

Renters and landlords: GIMMEE A BREAK!
Finance & Budget

Renters and landlords: GIMMEE A BREAK!

The lack of focus on real estate problems in the latest budget seems to have annoyed some Hong Kong citizens. Hong Kong’s 2017-18 Budget revealed…

Moving mountains (of cash): RX to the record surplus and spending priorities of the HK government
Finance & Budget

Moving mountains (of cash): RX to the record surplus and spending priorities of the HK government

Hong Kong unveiled its annual financial budget on Wednesday, as the city found itself swimming in cash again. The budget, which came after Hong Kong’s…