Beijing-favored candidate won Hong Kong’s chief executive election

Carrie Lam is first woman to fill that position On March 26, Hong Kong announced that Carrie Lam, the former Chief Secretary for Administration of Hong Kong, will be the special-administrative territory’s new chief executive beating former Financial Secretary John… Continue Reading →

Hong Kong taken in Chinese-led Asia Infrastructure Bank

China-backed Asian Infrastructure Investment Bank expands its global members include 70 countries The Beijing-led Asian Infrastructure Investment Bank (“AIIB“) approved the membership application of Hong Kong and 12 other jurisdictions including include Canada, the world’s 10th largest economy, as well… Continue Reading →

Hong Kong signs AEOI tax agreements with 6 jurisdictions

Belgium, Canada, Guernsey, Italy, Mexico and the Netherlands team with Hong Kong to curb tax evasion Hong Kong Governement has been seeking to expand Hong Kong’s AEOI network with worldwide tax treaty partners. The signing of agreements with six more… Continue Reading →

Expensive Housing Drags Hong Kong’s Quality-of-Living Rankings

Singapore tops Japan as the best Asia’s city for living The annual survey by Mercer, used by multinational companies to design expat packages, ranked Hong Kong 71 out of 231 cities for quality of living – dropping one spot from… Continue Reading →

DBS staff arrested for alleged corruption in customer data leak

Anti-corruption agency has arrested 20 people of former and current staff in the bank’s sales team in a prob connected with an alleged leak of customer data, according to a report by Hong Kong’s Apple Daily. Apple Daily reported, the… Continue Reading →

Stamp duty on residential property deals raised to 15%

Latest SAR government’s supportive measure to local home hopefuls Hong Kong residential real estate deals will be subjected to stamp duty of 15 percent of the value from midnight of 5th November, announced at a briefing involving the Chief Executive… Continue Reading →

HK private home prices mark record high of 2016

Prices 3.46pc lower than their peak in September 2015 According to data released by the Rating and Valuation Department on 31st October, Hong Kong home prices rose by 2.78 percent in September (a month-to-month growth rate), marking 8.88 percent the… Continue Reading →

Tiny “Space Capsule” homes spring up in Hong Kong

Netizens mock the idea as a moden twist of “coffin apartment” and “dog house” Being seen on a website of local properties platform, a dozen tiny 20-square-foot capsules come with a television, air conditioning, memory foam and pillow for single… Continue Reading →

Meet new MTR stations: Ho Man Tin and Whampoa

Welcome to all-time high property price in the communities Mass Transport Railway(MTR:0066.HK) has extended its Kwun Tong line with the opening of Whampoa and Ho Man Tin stations on 26th October. The railway links these 2 regions where are mostly… Continue Reading →

Hong Kong post-2047 land lease is alarming

Rising risk of Hong Kong property market The uncertainty of Hong Kong’s post-2047 political system that the year when Bejing’s pledge of keeping Hong Kong’s system unchanged for 50 years after Hong Kong sovereignty was handed from British to the… Continue Reading →

China businessman jailed trying to bribe HSBC staff

In hope that the bank’s officer can facilitate his account opening application for his company Background: HSBC has recently tightened requirements for opening company accounts in Hong Kong to comply with anti-fraud regulations, and international anti-money laundering and counterterrorist financing… Continue Reading →

Hong Kong drops to 9th on global competitiveness ranking

The city-state retains its place in top 10 for 5 consecutive year: strong infrastructure helps, weak innovation drags. The Global Competitiveness Report 2016-2017 was released on 28th September by the World Economic Forum, a Geneva- based non-profit foundation. The report… Continue Reading →

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