The London Metal Exchange (LME) has approved four warehouse facilities in Hong Kong, extending its global network to the doorstep of mainland China, the world’s largest consumer of metals. The new facilities would be able to begin storing seven of the 14 LME-approved metals within three months, the exchange said in a statement on Tuesday….
Hong Kong will introduce a series of measures for family offices to set up operations, boosting the city’s standing as a leading financial centre, according to Financial Secretary Paul Chan Mo-po. “This year, in addition to our existing tax concessions for single family offices, we will expand exemptions for funds, enhance concessions for family offices…
Hong Kong will introduce a series of measures for family offices to set up operations, boosting the city’s standing as a leading financial centre, according to Financial Secretary Paul Chan Mo-po. “This year, in addition to our existing tax concessions for single family offices, we will expand exemptions for funds, enhance concessions for family offices…
Hong Kong has long been the base of William Louey Lai-kuen’s wealth-generating and charitable endeavours, but the eldest great-grandson of Kowloon Motor Bus’ (KMB) founder said he plans to do more thanks to programmes unveiled by the city’s government. “Many of my friends have increased their investment and charity activities in Hong Kong after the…
Alibaba Group Holding chairman Joe Tsai and Adrian Cheng Chi-kong, the former CEO of New World Development, will be among the influential business leaders and financiers speaking at the Wealth for Good in Hong Kong Summit next week. According to a statement released on Thursday by the Hong Kong government, other speakers include Steve Davis…
Hong Kong is set to host three major wealth and investment events towards the end of the month, underscoring the city’s standing as an international financial centre capable of attracting investors and entrepreneurs. The highlight would be the third edition of the Wealth for Good in Hong Kong Summit on March 26, Christopher Hui Ching-yu,…
Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
Beijing is concerned that Hong Kong may need help from mainland Chinese companies in developing large cross-border projects amid a public deficit, analysts have said, after its point man on city affairs met local officials ahead of the annual budget address. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), on Sunday…
The asset declarations of Hong Kong’s newest ministers have emerged nearly two months after the pair assumed their roles, despite an official guideline stipulating that disclosures must be made within 14 days. Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui disclosed that she owned a flat for leasing purposes, while Secretary for Transport and…
Registrations of local and non-local companies in Hong Kong reached all-time highs in 2024, according to authorities. While the Companies Registry said on Friday that it had made the process easier, a lawmaker attributed the increase to the government’s recent aggressive efforts in attracting overseas companies. Last year, 145,053 local businesses were established, bringing the…