You are here

News

25-Oct-2012

Total export, import values up

 Hong Kong's total goods export and import values rose 15.2% and 14.9% year-on-year for September, the Census & Statistics Department announces.

16-Oct-2012

Austrian bank granted licence

 The Monetary Authority has granted a banking licence to Raiffeisen Bank International AG. 

 The bank is incorporated in Austria. According to the July issue of The Banker, it is the third largest bank in Austria in terms of Tier 1 capital.
 
The move brings the number of licensed banks in Hong Kong to 155.

 

http://www.news.gov.hk

28-Sep-2012

  A free-trade agreement between Hong Kong and the European Free Trade Association member states will soon enter into force, the Trade & Industry Department announces today.
 
The part of the agreement involving Hong Kong and Iceland, Liechtenstein, and Switzerland will enter into force on October 1, while the part involving Hong Kong and Norway will be effective from November 1.
 

28-Sep-2012

  Total deposits rose 1% in August, with a 1.5% rise in Hong Kong dollar deposits, and a 0.4% rise in foreign-currency deposits, the Monetary Authority says.
 
Renminbi deposits declined 1.9% to RMB552.3 billion. The total renminbi remittance for cross-border trade settlement amounted to RMB254.2 billion in August, compared with RMB223.4 billion in the previous month.
 

28-Sep-2012

  Hong Kong saw a 20.5% year-on-year rise in visitors in August, reaching 4.89 million, the Tourism Board says.
 
About 3.72 million came from the Mainland, up 27.9%. Of these, 67.1% or 2.5 million travelled under the Individual Visit Scheme, up 28% on August last year.
 
Short-haul arrivals recorded a 4.2% year-on-year increase. Those from the North Asia, South & Southeast Asia, and Taiwan markets grew 7.9%, 3.1% and 0.1%.
 

28-Aug-2012

 Two-way trade between Hong Kong and Russia recorded 44% growth in the first half of this year, Financial Secretary John Tsang says.

Speaking at a lunch with Russian business representatives who attended a seminar co-organised by Invest Hong Kong and the Zhuhai Municipal People's Government in Moscow, he said he hoped more Russian companies will invest and set up businesses in Hong Kong.

18-Jul-2012

The Agreement between the Government of the Hong Kong Special Administrative Region of the People's Republic of China and the Government of Malta for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 18 July 2012. 

The Agreement  was formally signed on 8 November 2011.

The Agreement shall have effect in Hong Kong, according to paragraph 2 of Article 26 of the Agreement, for any year of assessment beginning on or after 1 April 2013.

19-Jun-2012

On June 18, a double taxation agreement (DTA) between Hong Kong and Mexico has been signed.

The comprehensive DTA is the 25th such agreement concluded by Hong Kong with its trading partners. The agreement should boost closer economic and trade ties between the two places, and provide additional advantages for companies in Mexico doing business or invest in Hong Kong, and vice versa.

03-Jun-2012

The Agreement between the Hong Kong Special Administrative Region of the People's Republic of China and the Portuguese Republic for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income has come into effect on 3 June 2012. 

The Agreement was formally signed on 22 March 2011.

The Agreement shall have effect in Hong Kong, according to paragraph 2 of Article 28 of the Agreement, for any year of assessment beginning on or after 1 April 2013.

02-May-2012

The Inland Revenue Department received $238.3 billion in tax revenue during 2011-12, setting another record high after the 2010-11 collection year. 

Commissioner of Inland Revenue Chu Yam-yuen announced the revenue collected was up 14% on 2010-11. Revenue from profits tax increased 27%, that for salaries tax grew 17%, while that for property tax rose 16%.

Revenue from estate duty fell 56% and that from stamp duty decreased 13%.

Pages