Events listed in [HKG] Hong Kong Government
Government welcomes passage of Stamp Duty (Amendment) (Stock Transfers) Bill 2023
ID 25827
The Hong Kong government published a press statement to inform of and welcome the passing of the Stamp Duty (Amendment) (Stock Transfers) Bill 2023 on November 16, 2023 to be effective on November 17, 2023. The Bill modifies the Stamp Duty Ordinance to reduce the stamp duty rate on stock transfers, including sales and purchases, from 0.13% to 0.1%. The purpose of the rate ...
Tentative issuance schedule for Exchange Fund Bills and Notes
ID 25813
The Hong Kong Monetary Authority (HKMA) has published a press release to announce its new tentative issuance schedule for „Exchange Fund Bills and Notes (EFBNs)“. The schedule covers the period from January 1, 2024 through March 31, 2024 and sets out the tentative tender and issuance dates, the respective issuance sizes, and the tenors of the instruments. The schedule is tentative only which means ...
Family office academy highlighted
ID 25784
Christopher Hui, Secretary for Financial Services & the Treasury in Hong Kong, recently released a press statement in which he informs of the establishment of the new Hong Kong Academy for Wealth Legacy (HKAWL) which is part of the government’s strategy to enhance the family office sector in the region. The HKAWL aims to serve as a comprehensive training platform for professionals involved in ...
FSTB publishes details of three major initiatives announced in Hong Kong FinTech ...
ID 25664
Following the announcement of three major initiatives during Hong Kong’s latest FinTech week to foster the application of FinTech and the development of Hong Kong as a key financial market place by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, the Financial Services and the Treasury Bureau (FSTB) has now released a corresponding document to provide more details on those initiatives. ...
Stamp Duty (Amendment) (Stock Transfers) Bill 2023 gazetted
ID 25486
On October 25, 2023, the Hong Kong government published a press release to announce the gazettal of the Stamp Duty (Amendment) (Stock Transfers) Bill 2023. The Bill will modify the Stamp Duty Ordinance to reduce the stamp duty rate on stock transfers, including sales and purchases, from 0.13% to 0.1%. The Bill will be introduced into the Legislative Council on November 1, 2023 for ...
HK market strengths to be reinforced
ID 25454
The Hong Kong government has published a press release in which it summarizes the key initiatives and objectives that were recently noted in the policy address by the Chief Excecutive Mr. John Lee. Below is a brief summary of the key points as they may be of interest to our clients. For all points outlined in the statement, please refer to the original press ...
Innovation and Technology Venture Fund adds two co-investment partners
ID 25425
On October 20, 2023, the Hong Kong Innovation and Technology Commission (ITC) announced that it has selected two new venture capital funds (VC funds) to participate in the Innovation and Technology Venture Fund (ITVF) program which now makes it a total of 19 VC funds under the program. The ITVF is a $2 billion co-investment fund established by the government to encourage „Venture Capital ...
FS attends in Beijing signing ceremony of Cooperation Framework Agreement between ...
ID 25410
The Hong Kong government has published a press release to inform of the signing of a Cooperation Framework Agreement between the Hong Kong Monetary Authority (HKMA) and the Silk Road Fund Co., Ltd (SRF) in Beijing. Under this agreement, China and Hong Kong plan to create a Belt and Road (BNR) investment platform and invest up to RMB 15 billion or equivalent in phases. ...
Tentative issuance schedule for HKSAR Government Bonds under Institutional Bond ...
ID 25347
The Hong Kong Monetary Authority (HKMA) has published a press release to announce its new tentative issuance schedule for „Government Bonds (GBs) offered under the Institutional Bond Issuance Programme“. The schedule covers the period from October 1, 2023 through March 31, 2024 and sets out the tentative tender and issuance dates, the respective issuance sizes, and the tenors of the instruments. The schedule is ...
Gazettal of Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) ...
ID 25292
On October 11, 2023, the Hong Kong government published a press statement to announce the upcoming gazettal of the Inland Revenue (Amendment) (Taxation on Foreign-sourced Disposal Gains) Bill 2023. The Bill, once passed by the Legislative Council, will make further amendments to Hong Kong’s tax regime following the EU’s reassessment of Hong Kong’s practices with respect to the taxation of large multi-national entities (MNEs) ...