FINANCE & INVESTMENT

29 March 2022

The COVID-19 pandemic has had a profound impact on the health industry, driving rapid digitalisation in the healthcare sector and forcing suppliers of medical devices and services to adapt. More

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OMAN: Investors in New Airport Free Zones to Get 15-Year Tax Exemption

21 March 2022

Foreign investors setting up businesses in three new Omani airports free zones will benefit from a range of incentives. More

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PHILIPPINES: Government Relaxes Investment Law to Boost Tech Sector

16 March 2022

The Philippines approved Republic Act No. 11647 on 2 March 2022, easing entry barriers for foreign investment in the country’s technology sector. More

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Shanghai Unveils Regulations for Lingang New Area

11 March 2022

Regulations for the Lingang New Area of the Shanghai pilot free trade zone came into force on 1 March. The objective is to build an export-oriented industrial system with dominant roles for frontier industry clusters, new international trade formats, and cross-border financial services. More

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Government Work Report Upholds Policy of Further Opening-Up

10 March 2022

A government work report delivered by Premier Li Keqiang on 5 March sets targets for this year of stabilising employment, expanding domestic demand and strengthening opening-up and trade with foreign countries. Specific targets include achieving a GDP growth of around 5.5%, creating over 11 million urban jobs, keeping the unemployment rate under 5.5% and keeping the inflation rate at around 3%. More

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Banks see bright prospects

07 March 2022

Banks in Hong Kong are optimistic on their financial performance in 2022 with higher interest rates likely to improve margins, global business consultancy KPMG said in its latest report. Non-interest revenue should also increase as initiatives such as the Cross-Boundary Wealth Management Connect scheme offer new growth opportunities. Paul McSheaffrey, Partner, Financial Services for KPMG China, extracts the key trends, opportunities and challenges identified in the KPMG Hong Kong Banking Outlook 2022 report. More

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China Introduces Relief Measures to Promote Steady Growth of Industrial Economy

25 February 2022

On 18 February, the National Development and Reform Commission and 11 other central departments jointly announced a number of policies to promote steady growth in the industrial sector and further consolidate growth momentum of the industrial economy. More

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Guangdong Free Trade Zone Reforms to Support GBA

25 February 2022

On 15 February, the Guangdong provincial government unveiled reforms and innovation measures to promote trade and investment in its pilot free trade zone. More

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Guangdong Unveils Action Plan to Promote Services Sector

25 February 2022

Guangdong recently launched an action plan for the promotion of its services sector. The plan includes targets for the total volume of services trade in the province to reach no less than RMB4.5 trillion and for the average annual growth rate of the emerging services trade and digital trade sectors to be no less than 15% between 2021 and 2025. More

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Post-Covid Prospects: Switzerland

23 February 2022

Switzerland, with a high level of immunity among its population due to vaccinations and earlier infections, has lifted almost all pandemic-related restrictions. This interview looks at how the Swiss economy and its various forward-thinking business ecosystems are ready to work with their Hong Kong counterparts for a better, post-pandemic future. More

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