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Innovation, not low costs, will energise Hong Kong stock market, finance chief says in defending tax increase
Paul Chan doubles down on commitment to raising the stamp duty on stock transactions to 0.13 per cent on August 1, in spite of objections from the industry‘We are not in a race to compete on low costs, instead, we need to come up with innovative policies,’ he says
Govt earmarks HK$8.4bil for vaccination drive
HONG KONG: Hong Kong Special Administrative Region (HKSAR) government has earmarked over HK$8.4bil (RM4.3bil) for the procurement and administration of Covid-19 vaccines, aiming to have the majority of the population vaccinated for free this year, a senior government official said.
Hong Kong hikes share trading tax, stock plunges despite record profit
HONG KONG: Hong Kong said on Wednesday it would increase the tax on stock trading in the global financial hub, sending shares in the city's stock exchange operator tumbling, even as it posted record profits due to high trading volumes.
Hong Kong pledges US$15.5 billion support to spur recovery
HONG KONG (Bloomberg): Hong Kong's Financial Secretary Paul Chan pledged HK$120 billion (US$15.5 billion) of fiscal support targeted at consumers and the unemployed to help boost an economy emerging from two years of recession.
HK remains competitive as global financial hub
HONG KONG: As trading resumed on Hong Kong’s financial markets yesterday after the Chinese Lunar New Year holiday, officials of the global financial centre said Hong Kong has shown resilience and retained competitiveness over the past year despite the Covid-19 fallout.
‘National security law will bring order to Hong Kong’
HONG KONG: Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Carrie Lam said that the implementation of the Law of the People’s Republic of China on Safeguarding National Security in the HKSAR is the “anchor” for Hong Kong to change from chaos to order.
Top official: Hong Kong needs to strengthen testing measures to fight Covid-19
HONG KONG, Jan 24 (Xinhua): Matthew Cheung, chief secretary for administration of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that since the Covid-19 pandemic rebounded in Hong Kong, testing measures have to be strengthened to cut off silent transmissions.
Hong Kong finance chief warns of jobless rate spike as epidemic continues
HONG KONG, Jan. 17 (Xinhua): Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said here on Sunday that the jobless rate in Hong Kong will climb further as businesses and workers are still struggling amid the Covid-19 epidemic.
The dark side of AI
WE are now experiencing a new era. The 4.0 Industrial Revolution has created the momentum for fundamental changes in all aspects of our socio-economic and personal lives.
HK finance chief sees mainland as backing for island's economy
HONG KONG (China Daily/ANN): Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Wednesday (Jan 13) that the Chinese mainland will continue to be the strongest support for Hong Kong's economy.
