Hong Kong Government News

The World Bank warned that the global economy is heading into a new "danger zone." Near record food prices and volatile commodity markets are threatening the world's most vulnerable people., the Horn of Africa being the most affected.

Latin America's largest economy is reacting as expected to a series of interest-rate increases and other measures implemented by the government in late 2010 and early 2011, designed to contain inflation by reining in access to credit.

The IMF has warned Spain of the risk of contagion from the eurozone debt crisis. Spain is now battling to convince markets that it should not be lumped together with the three lame ducks now under EU and IMF rescue programs - Pretium Ventures Report

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China has posted its first quarterly trade deficit since 2004.

The 2011 UK budget has been delivered to mass criticism, inciting political protest culminating in violence.

A higher tax rate for the wealthiest Americans has been proposed, but Zinnia Financial believes that it’s coming to fruition is unlikely.

The Global Trustee Association is the premier independent body representing the trust and fiduciary services industry in Hong Kong and also international.

Hong Kong has been ranked as the #1 destination in Asia-Pacific for listings in a survey by law form Norton Rose.

Hong Kong has emerged as the most tax friendly nation in Asia-Pacific in a KPMG study of global personal income tax rates.

A survey of the world's leading global cities shows that Hong Kong is a prominent player reigning in the fifth rank.

Results of a recently concluded survey of UK businesses reveals that a large percentage of UK companies are considering relocating their businesses to tax friendly jurisdictions.

Hong Kong exhibits an edge over Shanghai in the race to becoming China's financial center.

A recent Global Financial Centers Index confirms that Hong Kong is now in the Top 3 league of global financial centers.

A recent index of economic freedom reaffirms Hong Kong's position as the freest economy in the world.

Hong Kong ranks #2 in the 'Best Countries for Business' ranking, reaffirming its regional dominance as a business friendly destination.

The Global Competitiveness Report 2010-2011 has ranked Hong Kong as the third most competitive economy in Asia.

The Hong Kong Companies Registry recently incorporated the 1,500,000th Hong Kong company indicating the rapid rise in Hong Kong company formations.

The results of a survey conducted by HSBC reveal a growing business confidence among SMEs in Hong Kong.

The United Nations Conference on Trade and Development (UNCTAD) has ranked Hong Kong as the world's fourth largest Foreign Direct Investment (FDI) recipient in 2009.

As US, UK, and rest of EU tighten the screws on financial regulation, Asia’s financial hubs such as Hong Kong and Singapore stand to benefit.

Statistics released by the Hong Kong Companies Registry shows that there has been a steady rise in the number of Hong Kong company formations this year.

A new survey of the world’s leading financial centers ranks Hong Kong as the fourth most competitive global financial hub in the world.

Hong Kong is well on its way to attracting sizable foreign investments confirms Invest Hong Kong, the government department for foreign direct investment.

The tax cuts and increases announced in the UK budget could benefit Asia and Hong Kong in particular.

Hong Kong's MICE industry is proving to be an important component of its tourism sector, generating millions of dollars as revenue each year.

Hong Kong and China have enhanced their economic trade agreement further liberalizing trade facilitation between the two regions.

A recent survey by Deloitte reveals that Hong Kong is one of the few jurisdictions in Asia-Pacific with the least complex and most consistent tax policy.

Taiwan and New Zealand have recently announced a slash in their corporate tax rates in a bid to raise their competitiveness in the Asia-Pacific region.

The 2010 edition of the World Competitiveness Yearbook ranks Hong Kong as the second most competitive economy in the world ousting the US to the third spot.

The Hong Kong government's move to abolish taxes on wine and beer in 2008 is paying off, with Hong Kong fast emerging as Asia's wine-trading hub.

InvestHK runs a Super Banner campaign on AsiaXPAT to promote Hong Kong as the ideal base for companies looking to access the China market.

This week will see Obama’s democrats take on global warming issues in the Senate.

One of the top 3 U.S. automakers seems ready to make a comeback.

With the G20 summit on the horizon, the US is hoping to guide top nations away from fossil fuels.

Timothy Geithner believes the economy has started its turn around and now requires momentum.

These strange bedfellows have initiated green deals worth $500 million!

Poorer countries could receive up to 15 billion euros from EU by 2020.

Healthcare reform seems to be taking the lion’s share of the Obama administrations time.

Regional publisher and strategic Think Tank Mediazone Group opposes Dalai Lama's meddling with regional politics and stirring up trouble in the wake of his visit to Taiwan.

Beijing surpassed its target of achieving 256 ‘blue sky days’ in 2008. With questions remaining on the data quality and the standards used to measure air pollution, the US Embassy has started to publish its own data. Faroden gets behind the numbe

The Lion Rock Institute is pleased to announce the delay of the competition law. A focus on the broader need to develop competition policy that involves reform of government and legislation instead needs to be addressed.

China Elite Focus Limited has the pleasure and the honor to warmly congratulate President elect Barack Obama, and hopes that the new United States policy regarding the Chinese outbound tourists will boost Chinese visitors to the US.

With international investors increasingly setting up shop in China, Zetland Fiduciary Group outlines the finer points of Wholly Foreign Owned Enterprises.

Asia’s largest wine auction is drawing rave reviews amid record-setting bids after Hong Kong’s government scrapped wine duties in February, reports Zetland Fiduciary Group.