Mainland China authorities issued edict after the State Council announced in July that it would cease imports of 24 types of waste, including unsorted scrap paper, as part of a environmental protection campaign. As the world’s second largest economy and… Continue Reading →
Fast-moving consumer goods segment in Hong Kong is tough: costs of rent and labour rise quickly, price competition is fierce, and online challegeners are strong. 759 Store, a fast growing groceries retail chain of over 200 stores sprung up since… Continue Reading →
Since the first female Chief Executive Carrie Lam Cheng Yuet-ngor has token her office on July 1, her new administration has been showing a refreshingly new governance approach and common touch to the public eye. Unlike to previous July 1… Continue Reading →
Retailers are accelerating their expansion in online shopping in Hong Kong. Online shopping in Hong Kong and has now become a vital part of local consumers online purchasing habits, at least one purchase online is made in the last three… Continue Reading →
Hong Kong placed first for 2 consecutive years The International Institute of Management Development (“IMD”), Swiss research institution, published its latest World Competitiveness Yearbook 2017 which compared and ranked 63 economies based on 4 major indicators namely “economic performance”, “government… Continue Reading →
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 →
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 →
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 →
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 →
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 →
G20 summit security hits China travel VISAs from HKSAR Several foreign tourist groups in the city, led by Hong Kong tour agencies, have been refused entry into Guangdong province since last week due to a “system upgrade” on the mainland… Continue Reading →
Strong currency and barely affordable housing push Hong Kong to the top of the list According to the latest annual survey of 2016 Cost of Living Rankings by consultancy firm Mercer, Hong Kong has been named the world’s most expensive… Continue Reading →
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