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Category: Hong Kong

Greater Bay Area

CW Promoting HK 2022-23 Budget in the Spanish and Portuguese-Speaking countries

On 25 March 2022, CW held a live streaming session highlighting the Hong Kong 2022-23 Budget for Latin American companies. Our colleagues Delilah Li (Senior Manager, Greater China), Victor Herrera (Latam Focus), and Kemelly Vera (Brazil Focus) hosted the live session. Below are the key takeaways from the Hong Kong 2022-23 Budget highlighted in our live session.  Tax Reduction To reduce profits tax for the year of assessment 2021/22 by 100 percent, subject to a ceiling of $10,000. Salaries tax

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bird's-eye view photography of city buildings
Greater Bay Area

Hong Kong Budget for Fiscal Year 2022-23 During a Critical Time

On 23 February 2022, Hong Kong’s Financial Secretary, the Hon Paul MP Chan, delivered the 2022-23 Budget Speech. Mr. Chan expects Hong Kong to have a surplus of HK$18.9 billion for 2021-2022 and a deficit of HK$56.3 billion for 2022-23, but the fiscal reserves will gradually rebound to over HK$1 trillion from 2023-24 to 2026-27. With the impacts of the recent worsening of the COVID-19 pandemic, the 2022-23 budget is focused on relieving people’s hardship, supporting enterprises, development industries, and

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people sitting down near table with assorted laptop computers
Hong Kong

Digitalization Tools and Trends to Facilitate your Hong Kong Business

Despite the latest waves of the coronavirus pandemic and the tightened quarantine measures, Hong Kong’s economy showed signs of recovery in 2021, with an estimated annual GDP growth rate of 6.4%. The notably positive performance was attributed to the city’s robust export performance and improved private consumption. Although uncertainties remain as we enter the Chinese New Year of the Tiger, companies in Hong Kong must find different ways to stay financially and operationally on track. Fortunately, emerging technologies are rapidly

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Hong Kong- 16 October 2018: Shenzhen Bay Bridge
Greater Bay Area

How Hong Kong Keeps Pace with the Development of Greater Bay Area

In recent years, regional economic integration has accelerated, resulting in a new form of competition among countries and territories. A notable example is China’s Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”), wildly regarded as the next world-class metropolitan cluster to compete against other renowned bay areas. The GBA has been an integral part of Mainland China’s continued “opening up” strategy to the world. Together with Macao, Guangzhou and Shenzhen, Hong Kong is considered a core city in the Outline Development Plan

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