The Hong Kong government will launch a new Innovation & Technology Industry-oriented Fund in 2026 as part of its efforts to strengthen the city’s startup ecosystem. Alongside the initiative, the government will expand the Innovation & Technology Venture Fund and introduce a Pilot I&T Accelerator Scheme aimed at attracting global startups to Hong Kong. Officials…
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Hong Kong’s newly introduced stablecoin ordinance may increase pressure on local banks, particularly in the digital payments sector, but it could also present new opportunities—especially in wealth management. Stablecoins issued under the new regime are expected to heighten competition in wholesale payments by offering advantages in both cost and transaction speed. In response, local banks…
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HONG KONG — 4 June 2025 — In a strategic move to solidify its status as a leading global financial hub, Hong Kong has officially launched a new company re-domiciliation regime, enabling non-Hong Kong-incorporated companies to relocate their registration to the city while preserving their legal identity and operational continuity. The regime, which came into…
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Wise has introduced its international business account in Hong Kong, designed to help small and medium enterprises (SMEs) manage global transactions seamlessly. The account allows businesses to send, receive, and hold over 40 currencies without the burden of minimum balance requirements or monthly subscription fees. According to a press release, SMEs can receive payments globally…
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FTAHK Launches AI Strategic Advisory Council to Promote Responsible AI in Hong Kong’s Financial Sector The Fintech Association of Hong Kong (FTAHK) has announced the formation of the FTAHK AI Strategic Advisory Council, a dedicated committee designed to promote the exploration and adoption of responsible AI practices within Hong Kong’s financial sector. The council, consisting…
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A consolidated budget deficit of $94.8 billion is projected for 2025, prompting calls for strategic measures to guide the government’s upcoming budget planning. Leveraging the Greater Bay Area (GBA) Experts emphasize leveraging Hong Kong’s strategic location within the Greater Bay Area to maintain its role as a critical connector between mainland China and the world.…
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Government Passes Companies (Amendment) Bill 2024 to Enhance Hong Kong’s Corporate Landscape The Government has announced the Legislative Council’s approval of the Companies (Amendment) Bill 2024, a landmark initiative aimed at modernizing corporate practices in Hong Kong. The amendments will enable listed companies incorporated in Hong Kong to hold repurchased shares in treasury and dispose…
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Half of Hong Kong Residents See Crypto as Key to Finance’s Future, Yet Adoption Lags Behind Half of respondents in Hong Kong view cryptocurrencies as pivotal to the future of finance, mirroring the optimism seen across the region. However, actual adoption in the city tells a different story. Hong Kong’s crypto adoption rate stands at…
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The number of startups and companies in Hong Kong SAR with overseas or Mainland China parent companies has reached record highs this year, highlighting the region’s growing appeal for business expansion, according to recent surveys. Key Findings:Increase in Companies with Overseas or Mainland China Parent CompaniesThe 2024 Annual Survey of Companies in Hong Kong with…
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