Latest news with #InvestHK
South China Morning Post
3 days ago
- Business
- South China Morning Post
Hong Kong needs ‘burning' government urgency on ticket scalping too
There seems to be a growing affinity for fast-tracking processes these days in the name of expediency. Even Hong Kong Chief Executive John Lee Ka-chiu appears to have caught the bug. Advertisement In a question and answer session last week, he told lawmakers he felt the 'burning urgency' of expediting the development of the Northern Metropolis, which accounted for one-third of Hong Kong's land. Lee said his government had picked up the pace on the project, but while he 'can absolutely do something' about the administrative procedures, when it came to legal amendments, 'we can only do it with the consensus of the lawmakers'. These are issues we face, live with or struggle with regularly, that ought to give our government officials heartburn. And while progress has been made in some areas, the government is clearly dragging its feet on others. On ride-hailing, for instance, the government has fallen short on its responsibilities. Advertisement Uber, the ride-hailing giant, has been operating in Hong Kong since 2014 . InvestHK, the government agency, once patted itself on the back for bringing Uber to the city – by providing ' significant support , including information on public transport and advice on market entry strategy prior to its launch' – but it quickly wiped the glowing account off its website after a police crackdown on the ride-hailing platform.
Time of India
29-05-2025
- Entertainment
- Time of India
Kris Jenner fears the Kardashian legacy might slip away from her hands because of THIS reason
Kris Jenner senses the Kardashian clan's legacy might be in trouble as Kim has restrictions for the next generation about continuing the reality TV . While the 'momager' wants to continue the franchise as she really worked hard for it, Kardashian has been plotting for her kids to become the A-list talent. Kim Kardashian is calling the shots, but Kris Jenner fears... According to InTouch, the 44-year-old has been planning and plotting the projects for her kids, North, 11; Saint, 9; Chicago, 7, and Psalm, 6. 'She's got a great team working with her, she knows all the right people and studio heads, and she's calling the shots,' the insider revealed. In a podcast interview with Sarah Foster, Kim even revealed that when she would get an offer to do a photoshoot, she would sit down as a family and talk to them - 'Should she do this? What's too much? What's not?' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Explore Hong Kong's Business Opportunities - Free Advice From InvestHK of the HKSAR Government Invest HK Contact Us Undo Furthermore, the 'American Horrorstory' star opened up about the anxiety of pushing her kids into the spotlight, as she lets them decide how they want to step into the entertainment industry . 'I can't, like … they're already in it, right? Because just of who their parents are,' she said before adding, 'And so I try to protect that and be so mindful of them being their own people and them not feeling like they have to, you know, be in our shadows.' Kim Kardashian is not pushing her kids, unlike Kris Jenner The socialite is signing North for photoshoots and voice-overs, thinking up the profitable deals for her. 'She wants the best for her kids and unlike Kris, she's not pushing them.' Kris Jenner dreads who will continue the legacy... According to Life&Style, Kris Jenner feels her empire might slip away from her hands or eventually fade away - if the next generation doesn't continue the reality TV show. As the daughters are expanding their business empires, she fears that the legacy will not be passed. On the contrary, Kim feels the need to put on the shield and gear after all the public meltdowns her ex-husband, Kanye West , is going through. 'Kris thinks Kim owes it to her after all she's done for her, but Kim doesn't see it that way, of course. They're both so stubborn, it's gearing up to be a major collision course, and people around them are covering their eyes,' the insider added.
South China Morning Post
25-05-2025
- Business
- South China Morning Post
Hong Kong's investment-for-residency scheme yields HK$16.5 billion over 14 months
Hong Kong's cash-for-residency scheme has yielded an investment of around HK$16.5 billion (US$2.1 billion) from 543 applicants over the past two years, with two-thirds of their capital directed into funds and the stock market. InvestHK, Hong Kong's department of foreign direct investment, on Sunday released the latest figures of the New Capital Investment Entrant Scheme (New CIES), under which applicants must invest a minimum of HK$30 million in the permissible investment asset. As of the end of last month, HK$6 billion, or 36 per cent of the total investment, flowed to funds authorised by the Securities and Futures Commission, an independent statutory body to regulate the city's securities and futures markets. Equities, accounting for 28 per cent of the investments, were the second most popular option that received HK$4.6 billion. Debt securities took up 13 per cent with HK$2.2 billion. Since the scheme's launch in March 2024, it has received 1,257 applications over 14 months, granting formal approval to 512 investors. 'The current applications are expected to bring an investment amount of over HK$37 billion into Hong Kong, reinforcing Hong Kong's standing as a pre-eminent international investment hub,' the department said. The scheme is designed to provide a fast track to residency for the wealthy and their families when they make investments of at least HK$30 million in funds, stocks, bonds or other vehicles.
The Sun
17-05-2025
- Business
- The Sun
InvestHK showcases Hong Kong as Asia's gateway during Cairo visit
HONG KONG SAR - Media OutReach Newswire - 17 May 2025 - Invest Hong Kong (InvestHK), the Hong Kong government's investment promotion arm, announced today (17 May 2025) that Ms Alpha Lau, Director-General of Investment Promotion at InvestHK, visited Cairo, Egypt, to engage with Egyptian businesses eager to establish operations in Hong Kong and capitalise on Asia-Pacific opportunities. During her visit, Ms Lau will attend the Guangdong–Hong Kong–Macao Greater Bay Area Economic and Trade Cooperation Conference (Cairo) on 19 May. At the conference, she engaged with leading Egyptian companies and entrepreneurs, highlighting Hong Kong's advantages as a regional hub, underpinned by its professional workforce, robust rule of law, low and simple tax system, and strategic location at the heart of Asia. Hong Kong–Egypt Economic Ties Flourished In 2023, InvestHK signed a Memorandum of Understanding (MoU) with the General Authority for Investment and Free Zones (GAFI) of the Arab Republic of Egypt, pledging mutual co-operation on investment promotion exchanges and support. In 2024, the department has opened a new office in Cairo, Egypt, to enhance its effort in attracting companies from the Middle East and North Africa (MENA) region to set up or expand their businesses in Hong Kong. In 2024, Hong Kong and Egypt enjoyed a vibrant trade relationship, with bilateral merchandise trade reaching HK$2.1 billion (US$0.3 billion), a 5.4% increase from 2023. This growing economic connection underscored the potential for deeper commercial collaboration. Hong Kong's Investment Environment Hong Kong is considered to be one of the most liberal and easiest places to do business in the world, as reflected in many renowned international rankings. To name just a few, the Business Ready 2024 Report published by the World Bank Group has ranked Hong Kong the first in 'International Trade'; Hong Kong also ranked as the world's freest economy in the 'Economic Freedom of the World: 2024 Annual Report' by the Fraser Institute and the 5th most competitive economy in the 'World Competitiveness Yearbook 2024' by the International Institute for Management Development; and according to the 'World Investment Report 2024' released by the United Nations Trade and Development in June 2024, Hong Kong was the 4th largest recipient of FDI inflow in 2023 globally. Ms Lau said, 'Egypt's strategic location as a gateway to Africa and the Middle East, combined with its dynamic and diversified economy, makes it a natural partner for Hong Kong. Hong Kong, as Asia's leading international financial hub and Asia's business Launchpad, offers Egyptian enterprises a reliable platform to access Mainland China and the broader Asia-Pacific region.' She added, 'Our team in Cairo is ready to assist Egyptian companies to set up and expand their businesses in Hong Kong. We offer one-stop customised support services, from the planning to implementation stages. We look forward to working with you closely to unlock new opportunities across Asia.'
Arabian Post
17-05-2025
- Business
- Arabian Post
InvestHK showcases Hong Kong as Asia's gateway during Cairo visit
HONG KONG SAR – Media OutReach Newswire – 17 May 2025 – Invest Hong Kong (InvestHK), the Hong Kong government's investment promotion arm, announced today (17 May 2025) that Ms Alpha Lau, Director-General of Investment Promotion at InvestHK, visited Cairo, Egypt, to engage with Egyptian businesses eager to establish operations in Hong Kong and capitalise on Asia-Pacific opportunities. During her visit, Ms Lau will attend the Guangdong–Hong Kong–Macao Greater Bay Area Economic and Trade Cooperation Conference (Cairo) on 19 May. At the conference, she engaged with leading Egyptian companies and entrepreneurs, highlighting Hong Kong's advantages as a regional hub, underpinned by its professional workforce, robust rule of law, low and simple tax system, and strategic location at the heart of Asia. Hong Kong–Egypt Economic Ties Flourished In 2023, InvestHK signed a Memorandum of Understanding (MoU) with the General Authority for Investment and Free Zones (GAFI) of the Arab Republic of Egypt, pledging mutual co-operation on investment promotion exchanges and support. In 2024, the department has opened a new office in Cairo, Egypt, to enhance its effort in attracting companies from the Middle East and North Africa (MENA) region to set up or expand their businesses in Hong Kong. In 2024, Hong Kong and Egypt enjoyed a vibrant trade relationship, with bilateral merchandise trade reaching HK$2.1 billion (US$0.3 billion), a 5.4% increase from 2023. This growing economic connection underscored the potential for deeper commercial collaboration. Hong Kong's Investment Environment Hong Kong is considered to be one of the most liberal and easiest places to do business in the world, as reflected in many renowned international rankings. To name just a few, the Business Ready 2024 Report published by the World Bank Group has ranked Hong Kong the first in 'International Trade'; Hong Kong also ranked as the world's freest economy in the 'Economic Freedom of the World: 2024 Annual Report' by the Fraser Institute and the 5th most competitive economy in the 'World Competitiveness Yearbook 2024' by the International Institute for Management Development; and according to the 'World Investment Report 2024' released by the United Nations Trade and Development in June 2024, Hong Kong was the 4th largest recipient of FDI inflow in 2023 globally. Ms Lau said, 'Egypt's strategic location as a gateway to Africa and the Middle East, combined with its dynamic and diversified economy, makes it a natural partner for Hong Kong. Hong Kong, as Asia's leading international financial hub and Asia's business Launchpad, offers Egyptian enterprises a reliable platform to access Mainland China and the broader Asia-Pacific region.' She added, 'Our team in Cairo is ready to assist Egyptian companies to set up and expand their businesses in Hong Kong. We offer one-stop customised support services, from the planning to implementation stages. We look forward to working with you closely to unlock new opportunities across Asia.' Hashtag: #InvestHK The issuer is solely responsible for the content of this announcement.
