Hong Kong can be “more than New York and Silicon Valley combined” by positioning itself as a hub that integrates global financial depth with technological innovation and manufacturing capacity, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said on Friday that Hong Kong had a unique edge over New York and Silicon…
Hong Kong’s tax revenue rose by 22 per cent to HK$458.3 billion (US$58.5 billion) in the past financial year, driven by a buoyant stock market and increased property transactions. Commissioner of Inland Revenue Benjamin Chan Sze-wai announced on Monday the provisional tax figures for the year ending March 31. Stamp duty jumped by 61 per…
A lot of professional money managers like to try to pick winning stocks and outperform the market. Most of them don’t succeed. However, one study found that 79% of large-cap domestic equity funds underperformed the S&P 500 in 2025. Another found that 95% of actively managed large-cap core funds have lagged the S&P 500 over the…
Over the past few years, a lot of investors have relied heavily on the Vanguard S&P 500 ETF (NYSEMKT: VOO). It’s clear why: Its megacap tech concentration has ensured that it’s capturing the artificial intelligence (AI) rally and outperforming almost every other area of the market. Plus, its 0.03% expense ratio means you keep almost…
Although stocks have handily outperformed all other asset classes (bonds, commodities, and real estate) over the last century, this doesn’t mean equities advance in a straight line. Pullbacks and stock market corrections are the price of admission to Wall Street’s long-term wealth creation machine. As of the closing bell on March 27, the ageless Dow…
The stock market, as measured by the S&P 500 index of 500 of America’s biggest companies, is down 5.4% so far this year, as of March 24. When the S&P 500 is down, it means that more than a few companies’ stocks are also down. And with dividend-paying stocks, a lower stock price means a…
Maybe it’s because we are riding on the euphoria of good fortune and luck that is associated with the celebration of the Lunar New Year that there hasn’t been much of the noise that we usually hear ahead of the annual budget speech. Typically, the weeks leading up to the speech are filled with groups…
Hong Kong’s spending should not grow faster than its income, even though the city’s finances are improving, the financial secretary has said, added that the market expects the government to invest more to boost the economy. But Paul Chan Mo-po on Sunday also painted a rosy picture for the city’s retail sector, revealing that sales…
Hong Kong’s economy expanded by 3.5 per cent in 2025, marking the city’s third consecutive year of growth and surpassing an earlier forecast of 3.2 per cent. Advance estimates released by the Census and Statistics Department on Friday also showed gross domestic product (GDP) in the fourth quarter increased by 3.8 per cent compared with…
Hong Kong boasts the strongest institutional environment of any major financial hub but lags in growth and future readiness, according to a new index launched by New York University Abu Dhabi on Tuesday. The inaugural Financial Centres Competitiveness Index (FFCI), unveiled at Abu Dhabi Finance Week, ranked Hong Kong fourth overall, behind New York, London…