Hong Kong’s tax revenue increased by about 10 per cent in the past financial year, driven in part by an influx of talent and a boost in property transactions, authorities have said. Commissioner of Inland Revenue Benjamin Chan Sze-wai on Friday also predicted a 7 per cent rise in overall collections for the 2025-26 financial…
Hong Kong will retain the eligibility age for the HK$2 (26 US cents) public transport concessionary fare while overhauling other aspects of the scheme, despite data showing that younger users account for the bulk of the subsidy expense, the welfare minister has said. Chris Sun Yuk-han said on Saturday that society should not distinguish among…
Hong Kong will retain the eligibility age for the HK$2 (26 US cents) public transport concessionary fare while overhauling other aspects of the scheme, despite data showing that younger users account for the bulk of the subsidy expense, the welfare minister has said. Chris Sun Yuk-han said on Saturday that society should not distinguish among…
Hong Kong banks were likely to be more selective in extending credit to developers amid a prolonged property slump that could pose a “major risk” to lenders, according to Moody’s Ratings. Banks’ property development and investment loans accounted for 16 per cent of their total lending as of June, the credit-rating agency said in a…