News

Gov’t passes family office tax relief measure

The tax concession for FIHVs will be applicable for assessment commencing on or after 1 April.

Gov't to kick off construction works for Kwu Tung Station mid-2023

The station is under the Northern Link project that connects New Territories and Kowloon.

Manulife HK and Macau insurance sales rise 26% to HK$1.66b in Q1

Critical illness plans and deferred annuity plans increased by over 40%.

Number of applications for business support fund rising amidst return to normalcy

As of February 2023, HKPC approved around 5,700 applications.

8 in 10 SMEs say getting credit approval 'easier' in Q1: HKMA

Some, however, perceived the process to be "more difficult."

Gov't extends application for land sharing scheme to May 2024

The extension allows project proponents to prepare and submit the required information for their application.

Commercial property sales drop 38.6% MoM in April

Cash-rich business owners drove transactions for the month.

Foreign currency reserves hit US$427.4b in April

It dipped from the US$430.8b record in March.

HK, Brunei join hands to strengthen dispute resolution

The cooperation would further promote HK as a centre for international legal and dispute resolution.

HKEX launches Swap Connect

The programme will forge connectivity between the capital markets of Hong Kong and China.

Hong Kong, Mainland tie up for mutual access interest rate swap markets

This will allow overseas investors from HK and others to trade in the Mainland market.

Dah Sing Bank raises deposit rate and prime rate

The deposit rate is now 0.75% per annum.