The Government of the Hong Kong Special Administrative Region (SAR) announced on February 15, 2024, the commencement of the 2024 Greater Bay Area (GBA) Youth Employment Scheme, which is now open for year-round applications. Hong Kong-based companies can now submit job vacancies valid until December 31st to employ young Hong Kong residents in cities within…
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Capital Investment Entrant Scheme aims to attract high-net-worth investors, bolstering Hong Kong’s wealth sector amid competition from global financial centers like Singapore and Dubai.With assets under management surpassing HK$30 trillion, Hong Kong boasts over 250 open-ended fund companies and 780 limited partnership funds. To foster market growth, the government plans to extend the ‘Open-ended Fund…
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Hong Kong’s government has unveiled budget measures aimed at bolstering wealth management, including a rise in income tax for the top earning cohort – marking the first such increase in two decades. Starting from April 2024, a two-tier tax system will be implemented. Income up to HK$5 million ($640,000) will be taxed at a maximum…
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Hong Kong boasts an open and efficient company governance regime, a reliable tradition of the rule of law, a simple taxation system, and world-class professional services. Its strategic location, along with its extensive commercial and trading networks with both the Mainland and worldwide, makes it highly favorable for corporations managing their operations in the Mainland…
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We want to express our sincere gratitude for the collaborative efforts and successful partnerships we have shared. May the coming year bring you prosperity, innovation, and the realization of your aspirations. Wishing you a wonderful holiday season and a prosperous New Year!
Hong Kong’s vision of becoming a global hub for green technology and finance can materialize with a strategic focus on supporting startups and harnessing China’s expertise in pivotal technologies, asserts the FinTech Association of Hong Kong. Sandeep Sethi, Co-Chair of the non-profit organization’s Green Tech and ESG Committee, emphasizes the need for intensified collaboration between…
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Hong Kong authorities have unveiled a package of measures to support the real estate market, as well as stimulate activity in the stock market. These steps are expected to help Hong Kong maintain its status as a global financial center. Incentive measures are being taken taking into account the fact that “supply in the Hong…
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