Hong Kong Archives

Where Innovation Meets Finance: Harnessing Opportunities in Hong Kong’s Fintech Ecosystem 2025

17 May, 2025

Hong Kong’s thriving fintech ecosystem is rapidly transforming financial services with cutting-edge innovations and cross-sector collaboration. Home to over 1,100 fintech firms and 10+ unicorns, the city is forecast to generate USD 606 billion in fintech revenue by 2032. Backed by robust government support, deep capital markets, and global connectivity, Hong Kong is a strategic base for startups and investors alike. High-growth segments such as wealthtech, blockchain, and digital assets are flourishing. With initiatives like Fintech 2025 and sandbox programs, Hong Kong is cementing its position as a leading global fintech hub in the Greater Bay Area and beyond.

Stunning shot of Hong Kong's illuminated skyline at night, featuring skyscrapers and Victoria Harbour.

Hong Kong budget for Fiscal Year 2025-26

28 February, 2025

Hong Kong’s 2025-26 Budget, announced by Financial Secretary Paul Chan, focuses on economic growth through innovation and industry upgrades. Key measures include tax reliefs, enterprise support, and incentives for technology, finance, trade, and green development. Salaries and profits tax reductions, SME financing support, and infrastructure investments aim to boost competitiveness. While Hong Kong faces geopolitical and economic challenges, the budget prioritizes stability and long-term growth. The government maintains its simple tax regime and introduces targeted initiatives to strengthen its business hub status. CW welcomes these measures, supporting businesses in navigating opportunities and ensuring sustainable development.

Hong Kong Unveils New Cybersecurity Bill

17 January, 2025

Hong Kong has introduced the Protection of Critical Infrastructures (Computer Systems) Bill (“PCI Bill”), aiming to safeguard critical infrastructure sectors like banking, healthcare, telecommunications, and transport from cyber threats. The bill imposes obligations on operators, including establishing specialist cybersecurity units, adopting preventive measures, and promptly reporting incidents. A Commissioner’s Office will oversee compliance and assist during emergencies. By aligning with international standards, the PCI Bill enhances Hong Kong’s cybersecurity framework, ensuring operational continuity in critical sectors. Businesses should prepare to meet the bill’s requirements and strengthen their cybersecurity protocols.

Hong Kong Signs Free Trade Agreement with Peru

13 December, 2024

On 15 November 2024, Hong Kong and Peru signed a landmark Free Trade Agreement (FTA) during the APEC Economic Leaders’ Meeting in Lima. The agreement covers competition, intellectual property, investment, trade in goods and services, and online commerce, among other strategic areas. It grants Hong Kong enterprises access to over 150 Peruvian industries, surpassing WTO commitments. The FTA provides a stable legal framework to boost commerce, fostering opportunities for Hong Kong businesses to expand into Latin America. With bilateral trade growing steadily—merchandise at 4% annually (2019-2023) and services at 16.3% annually (2018-2022)—this partnership solidifies economic ties.

Key Measures Unveiled in Hong Kong 2024 Policy Address

23 November, 2024

On 16 October 2024, the HKSAR Government unveiled the highly anticipated 2024 Policy Address themed around continuous development and renewal. Accordingly, the Policy Address is titled “Reform for Enhancing Development and Building Our Future Together”.
A broad array of initiatives are presented in the Policy Address to solidify Hong Kong’s status as a leading international financial and innovation centre. New growth areas will be explored and tapped into in order to facilitate comprehensive economic and social development.

A Guide to Incubation Programmes for Tech Start-ups in Hong Kong

28 November, 2022

Hong Kong offers a wide range of incubation and accelerator schemes to help you progress on your I&T journey. This guide provides information on those offered by Hong Kong Cyberport and Hong Kong Science and Technology Parks. Incubation programmes provide an entry point and soft landing into Hong Kong’s rich and vibrant I&T ecosystem.

SME Export Marketing Fund: How to Seek Out Opportunities for Expansion Beyond Hong Kong

18 November, 2022

The SME Export Marketing Fund provides financial assistance to Hong Kong-based small and medium enterprises in their overseas expansion endeavours, specifically in their export promotion activities. The guide sets out the eligibility criteria, funding scope, expenditure items within the ambit of the EMF, the level of funding support and types of application in detail.

A Guide to Talent Attraction Schemes: How to Bring Talents to Hong Kong

8 November, 2022

One of Hong Kong’s key appeals lies in its wide range of admission schemes for foreign talents, professionals and entrepreneurs. In the 2022 Policy Address, Hong Kong’s Chief Executive underscored the importance of embarking on an all-out quest for global “top-notch talents”. This guide seeks to provide information on the different schemes currently available under which quality talents can be admitted into Hong Kong.

Key Takeaways from Hong Kong’s 2022 Policy Address

28 October, 2022

Hong Kong’s Chief Executive, Mr John Lee, delivered his maiden policy address on 19 October 2022, fleshing out the details of a comprehensive blueprint for the next five years and setting out the key priorities in a wide range of areas. Hong Kong will continue to give full scope to its long-held strengths and role as an international financial, trade and shipping hub.

e-HKD: The Future of Money in Hong Kong

1 October, 2022

The Hong Kong Monetary Authority has recently announced that it will be trialling the e-HKD digital currency from the fourth quarter of 2022. It is almost a given that the e-HKD will be a disruptor to the existing financial ecosystem, bringing along with it a unique set of benefits and challenges.

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Category: Hong Kong