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Overall consumer prices rose 1.7% in July year on year, a smaller increase than the 2% rise recorded in June, the Census & Statistics Department announced today. Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1.9% in July, unchanged from the previous month. Compared to July 2025, price increases were recorded across several categories,…
A new survey by the Hong Kong Trade Development Council revealed that Hong Kong has been the top favourite springboard for Mainland enterprises in exploring overseas opportunities, with 83% of surveyed enterprises regarded the city as their preferred service platform. The trend of strong global expansion plans among Mainland firms underscored earlier in June when Chief Executive John Lee led a…
The National Financial Regulatory Administration (NFRA) today announced that it will actively support Mainland insurance funds to participate in mutual access schemes between the Mainland and Hong Kong financial markets. The move will allow Mainland insurance institutions to invest in exchange-traded funds (ETFs) in Hong Kong through Stock Connect. Secretary for Financial Services & the Treasury…
The Lands Department today issued Practice Note No. 8/2026 inviting in-situ land exchange applications for designated development sites within the San Tin Technopole. The land exchange arrangement covers approximately 17.7 hectares of land planned for private residential development, about 7.5 hectares for mixed residential and commercial use, and around 8.8 hectares of modern industry sites…
The Government today announced that the AI Efficacy Enhancement Team has facilitated and implemented its first batch of 30 Efficacy Enhancement Projects . The initiatives are being rolled out in phases starting from mid-2026. Led by Deputy Chief Secretary Cheuk Wing-hing, the team was established following the 2025 Policy Address to co-ordinate and steer departments in applying artificial…
Facing a chronic labour shortage and soaring construction costs, Hong Kong’s infrastructure sector is turning to advanced materials, technical innovation and standardised quality assurance to speed up constructions works. Leading this effort is the Building Technology Research Institute (BTRi), established in August 2024 and wholly owned by the Financial Secretary Incorporated. Since its…
Underpinned by buoyant external trade and resilient domestic demand, Hong Kong’s economy continued robust expansion in the second quarter of the year, with real gross domestic product (GDP) growing by 4.3% year on year, though it fell slightly by 0.6% on a seasonally adjusted quarter-on-quarter basis. For the first half of 2026, GDP rose 5.1% over a year earlier, making it the strongest…
Secretary for Commerce & Economic Development Algernon Yau today led a business delegation to explore new economic opportunities in Malaysia. The group includes representatives from Mainland enterprises, Hong Kong chambers of commerce and other key industry organisations. The visit was organised by the Task Force on Supporting Mainland Enterprises in Going Global, which is jointly led by Mr Yau…
The Financial Services & the Treasury Bureau today confirmed that remuneration distributed by proprietary trading businesses does not qualify for tax concessions proposed under the Inland Revenue (Amendment) Bill 2026. The Government introduced the Inland Revenue (Amendment) (Preferential Tax Regimes for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 into the…
Secretary for Commerce & Economic Development Algernon Yau today officiated at the official opening ceremony of the Hong Kong Economic and Trade Office (ETO) in Kuala Lumpur during his visit to Malaysia. The opening marks a significant milestone in deepening partnerships between Hong Kong and Malaysia, and the Association of Southeast Asian Nations (ASEAN) as a whole. Addressing the opening…
