Hong Kong Extends Innovation & Technology Funding Scope Hong Kong’s Innovation & Technology (I&T) Commission will be extending the funding scope for the Researcher Programme and Postdoctoral Hub. Effective from 9 March 2020, the funding scope will be extended to include technology companies which are conducting or planning to conduct research & development (R&D) activities…
Hong Kong Economy is the Most Open Economy Worldwide – An Overview Why Hong Kong Retains Its Reign as the Number One City in the World for Economic Freedom? Dynamic. Robust. Open. A place where East meets West. These are just some of the many ways to describe the Hong Kong economy. How has…
Hong Kong Is Creating The Future Through Innovative Technology The introduction of the 13th National Five-Year Plan has opened the doorway for more opportunities for innovative technology in Hong Kong. This plan, combined with the development of the Guangdong-Hong Kong-Macau Greater Bay Area puts Hong Kong in a prime position to capitalise on its advantages…
InvestHK Announced Record Number of Companies Investing in Hong Kong in 2019 Invest Hong Kong (InvestHK) has announced that it facilitated 487 overseas and mainland Chinese companies to set up or expand in Hong Kong in 2019, setting a new annual record for the number of companies they assisted which represent a year-on-year increase of…
Hong Kong Innovation & Technology Commission Offers More Funding Support for Businesses The Innovation & Technology Commission in Hong Kong has announced that they will offer more funding support under various schemes to help businesses and boost the local technology sector. Enterprise Support Scheme (ESS) Advance funding will be arranged for R&D projects under…
Phase One of the US-China Trade Deal Has Been Signed and It Looks Promising The top two economy powerhouses have been at trade disputes for a long time. The United States of America and China have had different views on trade relationships and this has led to significant trade tensions. They have been a tit…
The Hong Kong Government Will Provide Dedicated Fund and Support to Small and Medium Enterprises The Hong Kong Special Administrative Region will implement additional measures to strengthen and support Hong Kong’s SMEs. One of the new initiatives is having a dedicated service team called SME ReachOut. The team will be having personalized meetings with SME…
The International Monetary Fund Reports and Reaffirms That Hong Kong Financial Standing Remains Robust and Prosperous The Hong Kong Special Administrative Region (HKSAR) has pledged HK$4 billion (US$511 million) in new relief measures to help bolster the economy. The latest boost brings the government’s total pledged amount of relief to HK$25 billion (US$3.2 billion). In…
SMEs and Startups in Hong Kong Advised to Keep Up With the Change of Times Hong Kong is known to many as the preferred place to do business because of its pro-business environment. With low taxes, world-class infrastructure, ease of doing business, steady purchasing power by the local consumers, Hong Kong is on its way…
Fifth Protocol Arrangement to Avoid Double Taxation New Arrangement Between Hong Kong and the Mainland Effectively Enforced Hong Kong and the Mainland have reached a new arrangement with the Fifth Protocol. This will be implemented in the Avoidance of Double Taxation Arrangement. The arrangement was signed in July 2019. As part of the new…
