Uncategorized – Page 6 – Mayon Solutions

Driving Innovation Forward: Plan to Boost Science and Technology Collaboration

November 19, 2024

The Mainland-Hong Kong Science and Technology Cooperation Committee has unveiled its 2024-2025 workplan, aimed at advancing innovation and technology (I&T) collaboration between Hong Kong and the Mainland. Key aspects of the plan include: Alignment with the Hong Kong Innovation and Technology Development Blueprint:Focus on establishing Hong Kong as a global innovation hub.Acceleration of strategic initiatives…
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Hong Kong: A Strategic Gateway for Mainland Enterprises to Go Global

November 13, 2024

Hong Kong SAR has the potential to serve as a key investment and financing hub, supporting the development of Shanghai and other mainland businesses and enabling them to expand globally by leveraging Hong Kong’s unique resources and position. Currently, over 1,400 mainland companies are listed on the Hong Kong Stock Exchange, with nearly 200 originating…
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Hong Kong’s Regulatory Advancements in Virtual Asset Trading

November 5, 2024

The Securities and Futures Commission (SFC) of Hong Kong, SAR, announced plans to issue additional licenses for virtual asset trading platforms by the end of 2024, marking a significant step toward a regulated cryptocurrency market. Dr. Eric Yip, SFC Executive Director, reported strong transaction growth in Hong Kong’s virtual asset sector from 2023 to 2024.…
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2024 World Justice Project Index: Highlights Strengths in Anti-Corruption and Rule of Law in Hong Kong

October 25, 2024

Hong Kong has maintained its standing in the 2024 World Justice Project Rule of Law Index, ranking sixth in East Asia and the Pacific and 23rd globally out of 142 countries and jurisdictions, the government announced. The Government of the Hong Kong Special Administrative Region (HKSAR) highlighted that Hong Kong continues to surpass several European…
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Hong Kong ranks as world’s freest economy 2024

October 22, 2024

Hong Kong SAR ranked as the world’s freest economy amongst 165 economies, up by one notch from 2023, according to the Fraser Institute’s Economic Freedom of the World 2024 annual report. Amongst the five areas of assessment in the report, the city ranked top in ‘freedom to trade internationally” and “regulation,” whilst its ranking in…
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Hong Kong Signs New CEPA Agreement: A Boost for Key Service Sectors

October 15, 2024

The Hong Kong Government has signed an agreement introducing various liberalization measures across service sectors where Hong Kong holds a competitive edge, such as financial services, construction, testing and certification, telecommunications, film, television, and tourism. The Trade and Industry Department stated that these new measures aim to relax restrictions on equity shareholding, business scope, and…
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Hong Kong Banks Exceed Expectations in Fighting Online Fraud

September 30, 2024

Banks in Hong Kong are exceeding expectations in taking full responsibility and reimbursing lost funds after fraud incidents related to online banking and financial apps, according to a survey by financial technology company FIS. The survey found that 53% of respondents reported their banks assumed full responsibility and fully reimbursed funds lost in cases of…
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Hong Kong sees biggest uptick in cryptocurrency activity in East Asia

September 24, 2024

The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings by Chainalysis. Hong Kong has seen the biggest uptick in cryptocurrency activity in East Asia amid the city’s efforts to become a virtual-asset hub, according to new research, while mainland Chinese use digital…
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APAC: A Powerhouse of Economic Opportunity

September 16, 2024

The APAC region is a powerhouse of economic activity, offering diverse investment opportunities across traditional sectors such as residential, commercial, industrial, and logistics, as well as emerging specialised sectors like data centres and cold storage. Singapore ranked highest among Asian countries and second overall, after the US. Other Asian nations in the top 10 include…
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Category: Uncategorized