Sunday, December 16, 2018

Silver Bond allocation announced

Silver Bond allocation announced

Subscription and allocation results for the third Silver Bond were released today. A total of 45,488 valid applications were received for more than $6.2 billion in principal amount of bonds. The 16,558 applications for seven or fewer units will be allocated the full amount. The other 28,930 applications applying for eight or more units will…
5G spectrum to be assigned

5G spectrum to be assigned

The first batch of 4,100 MHz of spectrum that can be used for fifth generation mobile (5G) services will be assigned in April next year at the earliest for deployment by the operators. The Government today announced its decision after public consultations. It said the 4,100 MHz of spectrum in the 26 GHz and 28 GHz…
What impact will Patrick Ho corruption case have on Chinese companies  doing business in the US?

What impact will Patrick Ho corruption case have on Chinese companies doing business...

Former Hong Kong minister Patrick Ho Chi-ping made at least 116 trips to 30 countries in Central and North America, the Middle East and Africa in the three years before his arrest in 2017 for bribery and money laundering involving US$2.9 million. As the head of a think tank fully funded by Chinese oil giant…
Infrastructure important for tourism

Infrastructure important for tourism

Secretary for Commerce & Economic Development Edward YauFor Hong Kong, we are the world's number one destination eight years in a row, handling nearly 60 million visitors per year. Many of them might be coming to our city for the second, third or many times. We also have this very gigantic number, 60 million visitors,…
HK to grasp tourism opportunities

HK to grasp tourism opportunities

In a time of increasing unilateralism and protectionism, tourism is a welcome tonic – a buoyant multilateral embrace of shared experience, cultural co-operation and people-to-people bonds. Indeed, connectivity, inclusiveness, the promise of mutual benefits and many other ambitions are the reasons why President Xi Jinping launched the Belt & Road Initiative some five years ago.…
International tourism convention held

International tourism convention held

The Hong Kong International Tourism Convention was held today to explore ways to leverage the vast tourism potential of the Belt & Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development. The convention was jointly organised by the Government, the Hong Kong Tourism Board and the Travel Industry Council of Hong Kong. More than…
FS visits Kowloon City

FS visits Kowloon City

Financial Secretary Paul Chan visited a school and toured specialty shops in Kowloon City today. Mr Chan first visited Mary Rose School where he was briefed by its principal on the operation of the school. The school was established in 1970 to provide a good learning environment to children with intellectual disabilities. Mr Chan then…
IMF commends Hong Kong

IMF commends Hong Kong

The International Monetary Fund (IMF) has commended the Hong Kong Special Administrative Region in its latest assessment of the city. An IMF Staff Mission said many years of prudent macroeconomic policies have endowed the city with strong buffers to navigate through challenges and ensure continued stability despite increasing risks confronting global growth. The mission made…
HK a magnet for businesses

HK a magnet for businesses

Hong Kong remains a magnet for overseas and Mainland businesses while its startup ecosystem is thriving, Invest Hong Kong surveys show. Invest Hong Kong Director-General of Investment Promotion Stephen Phillips said the city continues to attract and retain leading overseas and Mainland companies as well as entrepreneurs from around the globe setting up leading edge…
Annuity Plan enhanced

Annuity Plan enhanced

HKMC Annuity Limited today announced measures to enhance its Annuity Plan, which cover a 100% lump-sum death benefit payment, a special withdrawal to meet medical and dental expenses and relaxation of the maximum premium paid by the policyowner. In the unfortunate death of the insured, the designated beneficiary can choose to immediately get back all the premium…
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