The sector’s Assets Under Management (AUM) nearly tripled in 2023 compared to 2022, reflecting robust growth. Despite ongoing global uncertainties, including geopolitical tensions, interest rate fluctuations, and digital disruptions, most AUM firms in the sector remain optimistic about the market’s future. Industry leaders are particularly confident about the next five years, driven by significant wealth…
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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 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 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 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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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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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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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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According to a joint report by the Hong Kong Trade Development Council (HKTDC) and the Association of Chartered Certified Accountants (ACCA), 99% of mainland businesses committed to sustainable investment choose Hong Kong SAR as their source for professional services. The city’s role as a sustainable development facilitator has made it a crucial partner for businesses…
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