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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The Office for Attracting Strategic Enterprises (OASES) has successfully facilitated the entry or expansion of 66 strategic enterprises in Hong Kong, reinforcing the city’s reputation as a global hub for innovation and business. Key Highlights:New and Expanded Operations: About 60% of these enterprises have established new operations in Hong Kong, while the remaining 40% have…
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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 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 recent research within the business community, approximately 63% of Hong Kong employers plan to hire contractors this year. Hong Kong is currently undergoing numerous transformation projects, which demand immediate talent. Employers face challenges in securing headcount approval for permanent roles, making contracting an attractive option for quickly and efficiently bringing in staff. The…
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