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.
The Qianhai Shenzhen-Hong Kong Cooperation Zone is a pioneering business zone to promote the high-quality development of modern service industries, including finance, logistics, information technology, and science and technology, as well as to strengthen collaborative ties between Guangdong, Hong Kong and Macao in the Greater Bay Area.
It will allow Hong Kong to give full play to its long-established unique advantages as a world-class hub for high-end professional services.
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.
Hong Kong brings the Companies Register’s New Inspection Regime into operation phase by phase from August 2021 to December 2023 to limit the disclosure of personal data in the Companies Registry. Under Phase 2 of the new inspection regime, usual residential addresses and full identification numbers on the Index of Directors on the Companies Register are replaced with correspondence addresses and partial identification numbers for public inspection.
Hong Kong and Shenzhen have joined hands to develop a preeminent global innovation and technology hub in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone (“Co-operation Zone”) at the Lok Ma Chau Loop. A joint policy package has been introduced to promote collaboration and the “synergistic development” of the Co-operation Zone, setting out a wide array of funding schemes, support measures and resource-sharing initiatives available to qualified enterprises.
Signed by 15 countries including China and 10 ASEAN member states in November 2020, the Regional Comprehensive Economic Partnership (RCEP) is the world’s biggest free trade agreement. Companies – whether they be local or foreign-invested – in the GBA stand to benefit hugely from the intensification of cooperation between China and the ASEAN region.
The pandemic has laid bare the vulnerabilities of global supply chains, and brought to the fore the symbiotic, interdependent relationship between upstream and downstream players. What are some possible ways that can help a company better weather the storm and mitigate the risks associated with supply chain disruptions?
The trailblazing, going-against-the-grain spirit of fintech has swept through the financial and banking sectors, entirely reshaping the landscape of financial products and services. Against the
On 8 June 2022, Guangzhou officially launched the construction of a Cross-border Wealth Management and Asset Management Center in the Guangdong-Hong Kong-Macao Greater Bay Area
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
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