English Financial News

【2017 Policy Address】Hong Kong proposes tax relief to SMEs

  • 2017-10-11

Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor said the government proposes to half profits tax rate for the first $2 million profits of companies to 8.25 percent, with an aim to provide a tax relief to small and medium-sized enterprises (SMEs). The new tax is even lower than the proposed rate …

【2017 Policy Address】HK 2017 GDP seen rising over 3.5 pct

  • 2017-10-11

Hong Kong's economic growth is better than expected in the first half and the government is confident that the city's GDP should rise more than 3.5 percent in 2017, partly helped by the growth of global economy and the positive outlook of China, the Chief Executive Carrie Lam said on Wednesday. Hong …

【2017 Policy Address】 Chief Executive Pushes IT Development ahead at full steam

  • 2017-10-11

Chief Executive Carrie Lam Cheng Yuet-ngor in her first policy address, delivered on Wednesday, pushes the development of innovation and technology in the city. The government plans to double the expenditure on Research and Development to 1.5 percent of GDP from 0.75 percent currently. Lam said the …

【Local】Hong Kong craves medical beauty regulations

  • 2017-04-25

Medical cosmetology has been growing fast in Hong Kong with increasing number of medical beauty companies raising funds from the stock market to expand in the past few years. However, the lack of rules and regulations in this booming sector is not just a problem of consumers but will also hamper the …

【Stock】TV star eyes Hong Kong stock market

  • 2017-04-24

The glamor of former beauty queen and TV star Erica Yuan may give her cosmetic retailing firm a boost at the beginning if the firm gets a stock listing but analysts said the celebrity effect could be short lived while the performance of its shares will mainly depend on the fundamentals of the compan …

【FOREX】Sliding yuan strikes foreign currency exchange stores

  • 2017-04-24

Foreign currency exchange stores have been suffering since Chinese yuan started to depreciate from 2015. An economic scholar said yuan depreciation indicates that the purchasing power of Chinese tourists decreases which has affected the business of local foreign exchange business. Mainlanders spend …

【E-Commerce】Chinese e-tailers turn to offline market amid slowing growth

  • 2017-03-21

China’s e-commerce companies have been expanding its offline sales networks by major acquisitions in recent years amid slowing growth in online sales. Analysts say, e-commerce companies need to develop their brick-and-mortar business, instead of replacing it, and contend for offline resources in the …

【Start-up】Shadow Express: How Start-up

  • 2017-03-21

With the constantly increasing demand of online shopping, a small express company is targeting a niche market to tap its growth. Shadow Express, a newcomer of the market, is modifying the service of traditional door-to-door express in order to provide a competitive price and specialized service for …

【Local】Hong Kong on its Reindustrialization Way to Diversify Growth

  • 2017-03-21

The economy of Hong Kong, an international financial center, has been dominated by its services sector that accounts for more than 90 percent of the city’s gross domestic product (GDP), while the government is promoting reindustrialization on hopes to diversify its economic development. However, “Ho …

【Local】Postnatal care service in demand while lacks regulation

  • 2017-03-21

The demand of domiciliary postnatal nannies remains high, even the birth rate in Hong Kong has declined since 2011 but there is no regulation to ensure the quality of these services. “Sitting the month”, is a Chinese tradition that postpartum women need to stay indoors for at least 30 days and obser …