“Speed and simplicity” for HK’s relief package, recommends Chartered Institute of Management Accountants
Finance & Budget

“Speed and simplicity” for HK’s relief package, recommends Chartered Institute of Management Accountants

The Chartered Institute of Management Accountants has a few words of advice for the proposed $137.5 billion relief package, approved last week in the Legislative…

Hong Kong’s COVID-19 relief measures may leave “little Fintech guys” behind
Finance & Budget

Hong Kong’s COVID-19 relief measures may leave “little Fintech guys” behind

Financial aid for the pandemic may not be providing help where it’s really needed for the IT sector, but direct funds are still crucial. Photo:…

Historic HK$137.5 billion relief package leaves out the laid off
Finance & Budget

Historic HK$137.5 billion relief package leaves out the laid off

Despite the massive package, the billions going into relief measures won’t save sacked employees. Photo: Diane Robert

How Not to Budget for Hong Kong
Finance & Budget

How Not to Budget for Hong Kong

The 2020-21 Budget demonstrates the Hong Kong government’s inability to address structural reforms and responsibly plan for the city’s fiscal future. Photo: Hong Kong by…

Tapping into betting duties and heated tobacco products as alternative revenue streams
Finance & Budget

Tapping into betting duties and heated tobacco products as alternative revenue streams

In times of trouble, the government should open its options and pursue new revenue streams instead of driving deficits.

Budget gaps make IT sector vulnerable to threats
Finance & Budget

Budget gaps make IT sector vulnerable to threats

Although the government is pouring out billions to keep Hong Kong afloat, the lack of specificity in its funding won’t benefit the IT sector in…

Handouts a focus of debate as Hong Kong set to deliver annual budget
Finance & Budget

Handouts a focus of debate as Hong Kong set to deliver annual budget

One-off subsidies are not the answer to Hong Kong’s economic downturn, experts suggest. Photo: Victoria Harbour by Bernard Spragg

Year in Review: Policies that shook Hong Kong in 2019
Democracy

Year in Review: Policies that shook Hong Kong in 2019

Hong Kong experienced a momentous year that affected all parts of its society. Harbour Times highlights the city’s top policy moments in 2019. Photo: A…

Think tank urges the government to put Hong Kong’s inequality on the agenda
Finance & Budget

Think tank urges the government to put Hong Kong’s inequality on the agenda

A business group’s report directly addresses inequality in Hong Kong; it suggests that the government should do the same.

Legislation needed to validate SFC regulatory framework for crypto exchanges in Hong Kong
Finance & Budget

Legislation needed to validate SFC regulatory framework for crypto exchanges in Hong Kong

The SFC’s new regulatory framework is a start, but legislation should be undertaken to substantiate these measures. Photo: Bitcoin Blockchain Cryptocurrency by BeatingBetting.co.uk

Blockchain may be a solution for two problems of the Olympic Games Tokyo 2020
Finance & Budget

Blockchain may be a solution for two problems of the Olympic Games Tokyo 2020

Blockchain has the potential to solve the problems of ticket scalping and cybersecurity for the 2020 Tokyo Olympic Games. Photo: Tokyo Tower Special Lightup <Invitation…

LegCo’s Christopher Cheung suggestion sparks accusation of condoning capital controls
Finance & Budget

LegCo’s Christopher Cheung suggestion sparks accusation of condoning capital controls

LegCo member suggestion to counter protester plans prompts immediate blowback from think tank, legislator. Photo credit: Christopher Cheung from Wikimedia Commons

Hong Kong Dollar at Stake Amid Ongoing Protest
Finance & Budget

Hong Kong Dollar at Stake Amid Ongoing Protest

The ongoing dispute surrounding the highly controversial extradition law could shock the Hong Kong Dollar, analysts and traders fear. The U.S. warned the continued erosion…

Hong Kong Announces Consultation on OTC Derivatives
Finance & Budget

Hong Kong Announces Consultation on OTC Derivatives

Hong Kong regulators are looking for input on how to better manage risks specifically related to over-the-counter (OTC) derivatives like swaps or exotic options. The…

Stock Connect Set to Expand to Dual-Class Shares
Finance & Budget

Stock Connect Set to Expand to Dual-Class Shares

Mainland-based investors will soon be able to invest in Hong Kong-listed dual-class shares such as those of smartphone maker Xiaomi and e-commerce company Meituan Dianping…

With one eye on risks, SFC moves to regulate crypto assets
Finance & Budget

With one eye on risks, SFC moves to regulate crypto assets

Anyone looking to issue security token offerings (STOs) in Hong Kong now has to register and get a license, a move that should boost the…

HK Grants First Three Virtual Bank Licenses
Finance & Budget

HK Grants First Three Virtual Bank Licenses

The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, announced Wednesday that it is handing out virtual bank licenses to three companies….

China moves to subsidise foreigner incomes to cover their tax bill
Finance & Budget

China moves to subsidise foreigner incomes to cover their tax bill

With the latest round of tax incentives, China has intensified efforts to lure talent to the Greater Bay Area from Hong Kong and abroad to…

Hong Kong’s peg needs shoring up by the billions
Finance & Budget

Hong Kong’s peg needs shoring up by the billions

The Hong Kong Monetary Authority (HKMA), the city’s de-facto central bank, stepped in two times in a single week to defend the Hong Kong dollar…

HK Budget 2019: The tax breaks ain’t what they used to be
Finance & Budget

HK Budget 2019: The tax breaks ain’t what they used to be

Hong Kong’s latest budget includes a series of tax cuts, a practice that has become common in recent years. But, despite the fanfare of the…

Budget a warning of bigger government coming
Finance & Budget

Budget a warning of bigger government coming

The budget brouhaha may have died down, but further examination shows a trend to bigger government involvement in the economy. While many saw the budget…

Transforming Hong Kong into a City of Innovation

Transforming Hong Kong into a city of innovation Dr. Winnie Tang Adjunct Professor, Department of Computer Science, Faculty of Engineering and Faculty of Architecture, University…

HK Budget: No surprises
Finance & Budget

HK Budget: No surprises

Hong Kong’s budget, released Feb. 27, was focused on health care and welfare but included virtually no innovative initiatives while critics raised doubts about how…

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….