Hong Kong
More SME support announced in Budget speech
All enhancements will take effect for the 2024-2025 assessment year.
More SME support announced in Budget speech
All enhancements will take effect for the 2024-2025 assessment year.
Gov’t unveils plans to promote I&T and health tech sectors
The gov’t allocated over $25b for projects in these sectors.
Gov’t sets aside $4.3b to support IP trading and creative arts branding
The IP trading and the creative industry received funding of $45m and $4.3b respectively.
Hang Seng Bank expresses support of budget measures for SME, financial market
Amongst initiatives were the advancement of digital finance and support for SMEs.
China Wantian Holdings targets market expansion, broader shareholder base as 2024 drivers
It has also incorporated ESG considerations into its discussions with clients.
Navigating uncertainties in investment landscape through strong risk assessment
UOB Asset Management looks at seven key risk areas in investment management and does not allow more than two risks.
Budget 2024-25: Gov’t cuts salaries and profits taxes
The government will reduce salaries tax for the 2023-24 tax year by 100%, subject to a ceiling of $3,000.
Rollback of property cooling measures to spur sales, but no silver bullet to recovery
Analysts estimate up to a 15% sales increase, although prices may still fall in 2024.
One Causeway Bay to be up for lease
The redeveloped building will provide around 500,000 sq ft of office space.
StashAway launches wealth management offering for Hong Kong’s HNWs
HNW clients make up 65% of StashAway’s AUM in the city.
Hong Kong and Shenzhen strengthen environmental collaboration
Chemical treatment process results showed reduced phosphorus discharge into Ng Tung River and Shenzhen River.
ZA Bank officially unveils US stock trading service in Hong Kong
The bank charges a trading commission of US$0.012 per share.
Exports value climbs 33.6% YoY to $388.7b in January 2024
The pace of increase has picked up.
Prudential expands medical network with UFH in Greater Bay Area
Prudential will directly settle pre-approved medical expenses with UFH upon completion of treatment.
Cathay Cargo Terminal to adopt 50% recycled plastic cover sheets in new sustainability initiative
The new material will be rolled out from March 2024.
HTX platform withdraws license application in Hong Kong
It withdrew three days after it lodged its application.
SFC begins legal proceedings vs ex-Ding Yi Feng chair for share manipulation
The share manipulation reportedly occurred between 1 March 2018- 14 September 2018.
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