The Hong Kong government gazetted a bill on Friday that, if passed, would waive salary tax on fund managers’ performance-linked bonuses, so long as they meet certain requirements, in a move to introduce further tax reform to strengthen the city as a wealth management centre. The bill, which will be first read by lawmakers on…
When InvestHK’s director general Alpha Lau Hai-suen recently said that companies using Dubai as a hub had mostly shifted to Hong Kong after the outbreak of the Iran war, the instinct to leverage the city’s position as a safe haven for investment was understandable. Hong Kong should absolutely try to capture capital and talent unsettled…
Anmol Goel, the head of a London-based family office, said his firm was planning to open an outlet in the United Arab Emirates this year to join money managers that have flocked to the Gulf. Then the war began. A general view of the skyline in Hong Kong (REUTERS) “We were setting up a new…
The conflict in the Middle East could divert new capital to Hong Kong due to the city’s stability and regulatory certainty, the treasury minister has said, while pledging to keep markets operating smoothly amid energy price shocks caused by the war in Iran. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on…
As innovations arise from the artificial intelligence, robotics and biotechnology sectors, holders of family capital from around the world will convene in Hong Kong to discuss such investment opportunities at the city’s fourth annual Wealth for Good Summit on March 23 and 24. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the…
Hong Kong’s beleaguered Urban Renewal Authority (URA) has raised HK$8 billion (US$1.02 billion) by selling bonds to finance capital expenditure and new projects. The cash-strapped authority on Wednesday said it sold two tranches of bonds, one worth HK$5 billion with a five-year term and the other for HK$3 billion with a 10-year term. The coupon…