Category: Hong Kong

Hong Kong

Hong Kong Unveils New Cybersecurity Bill

Hong Kong has introduced the Protection of Critical Infrastructures (Computer Systems) Bill (“PCI Bill”), aiming to safeguard critical infrastructure sectors like banking, healthcare, telecommunications, and transport from cyber threats. The bill imposes obligations on operators, including establishing specialist cybersecurity units, adopting preventive measures, and promptly reporting incidents. A Commissioner’s Office will oversee compliance and assist during emergencies. By aligning with international standards, the PCI Bill enhances Hong Kong’s cybersecurity framework, ensuring operational continuity in critical sectors. Businesses should prepare to meet the bill’s requirements and strengthen their cybersecurity protocols.

Read More »

Hong Kong Signs Free Trade Agreement with Peru

On 15 November 2024, Hong Kong and Peru signed a landmark Free Trade Agreement (FTA) during the APEC Economic Leaders’ Meeting in Lima. The agreement covers competition, intellectual property, investment, trade in goods and services, and online commerce, among other strategic areas. It grants Hong Kong enterprises access to over 150 Peruvian industries, surpassing WTO commitments. The FTA provides a stable legal framework to boost commerce, fostering opportunities for Hong Kong businesses to expand into Latin America. With bilateral trade growing steadily—merchandise at 4% annually (2019-2023) and services at 16.3% annually (2018-2022)—this partnership solidifies economic ties.

Read More »
Hong Kong

Key Measures Unveiled in Hong Kong 2024 Policy Address

On 16 October 2024, the HKSAR Government unveiled the highly anticipated 2024 Policy Address themed around continuous development and renewal. Accordingly, the Policy Address is titled “Reform for Enhancing Development and Building Our Future Together”.
A broad array of initiatives are presented in the Policy Address to solidify Hong Kong’s status as a leading international financial and innovation centre. New growth areas will be explored and tapped into in order to facilitate comprehensive economic and social development.

Read More »

A Guide to Incubation Programmes for Tech Start-ups in Hong Kong

Hong Kong offers a wide range of incubation and accelerator schemes to help you progress on your I&T journey. This guide provides information on those offered by Hong Kong Cyberport and Hong Kong Science and Technology Parks. Incubation programmes provide an entry point and soft landing into Hong Kong’s rich and vibrant I&T ecosystem.

Read More »

A Guide to Talent Attraction Schemes: How to Bring Talents to Hong Kong

One of Hong Kong’s key appeals lies in its wide range of admission schemes for foreign talents, professionals and entrepreneurs. In the 2022 Policy Address, Hong Kong’s Chief Executive underscored the importance of embarking on an all-out quest for global “top-notch talents”. This guide seeks to provide information on the different schemes currently available under which quality talents can be admitted into Hong Kong.

Read More »

Key Takeaways from Hong Kong’s 2022 Policy Address

Hong Kong’s Chief Executive, Mr John Lee, delivered his maiden policy address on 19 October 2022, fleshing out the details of a comprehensive blueprint for the next five years and setting out the key priorities in a wide range of areas. Hong Kong will continue to give full scope to its long-held strengths and role as an international financial, trade and shipping hub.

Read More »

e-HKD: The Future of Money in Hong Kong

The Hong Kong Monetary Authority has recently announced that it will be trialling the e-HKD digital currency from the fourth quarter of 2022. It is almost a given that the e-HKD will be a disruptor to the existing financial ecosystem, bringing along with it a unique set of benefits and challenges.

Read More »
Aerial view of Hong Kong Downtown

Hong Kong: New Inspection Regime Phase II

Hong Kong brings the Companies Register’s New Inspection Regime into operation phase by phase from August 2021 to December 2023 to limit the disclosure of personal data in the Companies Registry. Under Phase 2 of the new inspection regime, usual residential addresses and full identification numbers on the Index of Directors on the Companies Register are replaced with correspondence addresses and partial identification numbers for public inspection.

Read More »

A Tale of Integrated Development: Shenzhen-Hong Kong Innovation and Technology Co-operation Zone

Hong Kong and Shenzhen have joined hands to develop a preeminent global innovation and technology hub in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone (“Co-operation Zone”) at the Lok Ma Chau Loop.  A joint policy package has been introduced to promote collaboration and the “synergistic development” of the Co-operation Zone, setting out a wide array of funding schemes, support measures and resource-sharing initiatives available to qualified enterprises. 

Read More »

LinkedIn Newsletter

Subscribe on LinkedIn