The new 10 per cent global tariffs imposed by the United States will only have a “limited impact” on Hong Kong, the city’s treasury chief has said, adding that the move highlights the city’s strength as a safe haven for capital amid geopolitical uncertainty. The remarks followed US President Donald Trump’s announcement on Friday to…
Hong Kong housed nearly 3,400 single-family offices by the end of last year, a 25 per cent rise in two years, as the affluent refocused on the city amid US-centred trade tensions and the rise of China’s tech sector, according to a report by Deloitte on Tuesday. The global auditing firm made the estimates after…
Some 500 guests are expected to attend the Asia-Pacific Economic Cooperation (Apec) finance ministers’ meeting in Hong Kong in October, the first to be held in the city, with authorities set to appoint a team led by two senior officials to oversee planning for the event. Speaking at a Legislative Council meeting on Monday, Secretary…
Hong Kong’s treasury minister has said authorities will shelve a proposed levy on private cars crossing the border into mainland China, citing feedback from lawmakers and members of the public. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told the Legislative Council on Friday that the government had decided not to go ahead…