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How Hong Kong can utilise fiscal reserve to support economic growth
How Hong Kong can utilise fiscal reserve to support economic growth
The region's fiscal reserve as of the end of 2023 was roughly 23% of GDP.
HK rolls out Capital Investment Entrant Scheme
Applicants must invest a minimum of $30m in permissible assets.
HK, Bahrain forge investment pact to strengthen economic ties
The agreement will come into effect once both sides have fulfilled internal procedures.
HKPC, HIT ink MOU on U&T development in environmental engineering
The collaboration will bring new opportunities for green development in Hong Kong and the Mainland.
Gov’t launches tender for EV charging station site
The public tender will close on 10 May.
Gov’t to expand the scope of mentorship programme
The programme will now cover 4,000 mentees.
Cathay Cargo Terminal kickstarts cashless cargo payments
The cargo terminal partnered with PayCargo for the project.
Hong Kong Federation of Insurers leads climate charter amongst industry
33 companies have joined HKFI’s inaugural climate charter.
UOB, ANZ, StanChart HK provide $14.4b green loan to a Gaw Capital consortium
The funds will refinance over a dozen shopping centres and malls.
Gov’t to increase Community Care Service Vouchers to 11,000
The increase will involve an annual expenditure of $900m.
Gov’t mulls establishment of one-stop trade services window
Hong Kong wants to attract Mainland manufacturing to set up offices in the city.
Gov't to increase cigarette duty by $0.8 per stick
The proportion of tobacco duty in the retail price of cigarettes will rise to 70%.
Gov't projects $48.1b deficit for FY24-25
For FY23-24, the government expects a deficit of $101.6b.
HK targets revenue boost through tax reforms, fiscal measures
Proposed measures include implementing a two-tiered tax regime for salaries and personal assessment.
Covered Call ETFs debut in HKEX
Mirae Asset Global Investments issued the new ETFs.
HKEX reports ‘second best’ revenue, profit in FY23
Revenue for the period was $20.5b, up 11% YoY.
Gov’t proposes a $500b borrowing ceiling for bond schemes
The government will move the resolution to the legislative council on 17 March.
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