Category: Blog

The Hong Kong Trade Development Council (HKTDC) has announced its strategic focus for FY 2025-2026, reinforcing Hong Kong’s position as a resilient and globally connected business hub while deepening its integration into national development. The council will prioritize innovation, sustainability, and SME growth to enhance the city’s competitive edge. Key Initiatives Strengthening Hong Kong’s Role…
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On 8 January 2025, the Hong Kong Monetary Authority (HKMA) introduced the Supervisory Incubator for Distributed Ledger Technology (the Incubator) to support banks in responsibly harnessing the transformative potential of distributed ledger technology (DLT). A New Supervisory Framework for DLT AdoptionThe Incubator is designed to help banks maximize the benefits of DLT adoption while effectively…
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A new policy requiring mediation clauses in government contracts has officially come into effect. According to the Department of Justice (DoJ), these clauses mandate that contracting parties must first attempt mediation to resolve disputes before turning to arbitration or litigation. To support this initiative, the DoJ has introduced The Government of the Hong Kong Special…
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The overall office prices in Hong Kong declined by 7.8% between Q4 2022 and Q4 2023, with Grade A, B, and C offices decreasing by 2%, 11.5%, and 7.9%, respectively, according to the Hong Kong Property Review 2024. Grade A office prices saw modest growth in early 2023 but fell 2% year-over-year (YoY) in Q4.…
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