The main talking point for Hui, the Secretary for Financial Services and the Treasury, has been a new law, enacted in May, that sought to make it easier for overseas companies to reincorporate in the city. Just a few days after the law came into force, Hui flew to Canada to meet senior executives from…
Hong Kong needs to completely overhaul its civil servant review mechanism rather than add another layer of assessment to the existing system if the administration wants to improve performance and governance, observers have said. While one lawmaker said the government should implement clear assessment criteria for civil servants, others stressed that objective performance measures for…
Chinese social media giant RedNote has opened an office in Hong Kong, its first outside mainland China, a move the city’s finance chief hopes will provide a boost to local businesses and the platform’s international expansion. Financial Secretary Paul Chan Mo-po said on Saturday that he had personally invited the company, also known as Xiaohongshu,…
Hong Kong’s cash-for-residency scheme has yielded an investment of around HK$16.5 billion (US$2.1 billion) from 543 applicants over the past two years, with two-thirds of their capital directed into funds and the stock market. InvestHK, Hong Kong’s department of foreign direct investment, on Sunday released the latest figures of the New Capital Investment Entrant Scheme…
Five public corporations in Hong Kong dedicated to supporting businesses should learn from Qatar and enhance their coordination to offer more comprehensive services to foreign investors, the head of one body has said. Hong Kong Productivity Council chairman Sunny Tan, who joined Chief Executive John Lee Ka-chiu’s delegation on a four-day visit to the Middle…
What is Hong Kong’s answer to Singapore’s Economic Development Board or the mainland’s National Development and Reform Commission? We don’t really have an exact equivalent, perhaps in keeping with our historical stance on the economy, in which the private sector takes the lead and the government role is to facilitate and support. However, in an…
What is Hong Kong’s answer to Singapore’s Economic Development Board or the mainland’s National Development and Reform Commission? We don’t really have an exact equivalent, perhaps in keeping with our historical stance on the economy, in which the private sector takes the lead and the government role is to facilitate and support. However, in an…
The number of deals involving non-local homebuyers in Hong Kong has more than tripled over the past two years, official data shows, a jump that experts have attributed in part to the government’s scrapping of property market cooling measures. But the number of transactions by local buyers increased by only 14 per cent between 2023-24…
A French professional aeronautic services company plans to establish its Asia headquarters in Hong Kong as part of a commitment to expanding its regional presence, paving the way for the city to host the continent’s first aircraft parts processing and trading centre. Confirming an earlier Post report, the Hong Kong government said on Friday that…
Event organisers should ensure they have sufficient funding before they sell tickets, Hong Kong authorities have said following the Digital Art Fair cancelling next month’s 2025 edition for “reasons beyond its control”. The event was scheduled to be held at the West Kowloon Cultural District from March 26 to 30, coinciding with a string of…