Financial Services
2 in 5 banks likely to pursue JVs to boost digitisation efforts
This will result in greater industry collaboration between banks and e-commerce players.
2 in 5 banks likely to pursue JVs to boost digitisation efforts
This will result in greater industry collaboration between banks and e-commerce players.
Introducing group tax loss relief will boost Hong Kong's international competitiveness: KPMG
The policy would put Hong Kong at par with major financial centres like Singapore and US.
Homegrown startups raise record-high funding as total VC investment hits $425m in Q4
The $220m capital infusion for fintech startup WeLab was the ninth largest year-end deal in Asia.
Government urged to offer profits tax concession to qualified startups and tax relief to angel investors
The move is sure to encourage increased levels of private investment, said EY.
What are the key priorities for Hong Kong's financial institutions this year?
Battling anti-money laundering remains high on their agenda.
Shanghai Henlius Biotech eyes Hong Kong IPO
This comes amidst the bourse reform plan allowing the listing of pre-profit biotech companies.
Should the government provide refundable R&D credits to stimulate private investment?
However, the administration must first clarify its definition of R&D activities and expenditures, PwC said.
Strong earnings and below-budget expenditure to buoy government surplus to $168b in 2018
PwC forecasts that high profits from land sales, tax and stamp duty would buoy fiscal revenue to over $620b.
High retail deposit requirements may prompt small banks to hike rates
The NSFR implementation compels the reporting of figures falling below 100% to the HKMA.
Hong Kong is the world's fourth most secretive financial center
In its bid to attract more offshore financial services, it is ranked roughly on par with Panama.
HKMA relaunches career accelerator to nurture young fintech talent
The move is in line with the authority’s push towards an era of Smart Banking.
Mortgage applications down 14.2% to 10,520 in December
The value of approved mortgage loans also decreased to $27.8b.
Exchange Fund smashes records after investment income hits $252b in 2017
Total assets reached $4.02t which represents a $404.8b annual increase.
Government warns public against cryptocurrency risks
A public education campaign was jointly launched by the FSTB and IEC.
Hong Kong investors acquire Chinese bitcoin exchange BTCC
This comes amidst a crackdown on cryptocurrency trading by Chinese authorities.
Hong Kong's bourse reform plan seeks to tap on Chinese drug stocks
SEHK is considering opening up the exchange to allow pre-profit biotech companies to list.
How will RMB internationalisation impact Hong Kong's financial industry?
Hong Kong is the largest offshore renminbi market.
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