The Monetary Authority (HKMA), together with the banking sector, introduced multiple measures today to further support, through financing as well as banking products and services, the continuous development of small and medium-sized enterprises (SMEs). The HKMA said around 20,000 SMEs have benefitted from the nine measures that it launched with the Banking Sector SME…
The Government announced today that from November 1, full-time non-local undergraduate students will be temporarily exempted from the restrictions on working part-time jobs. Since last November, the restrictions on taking up part-time jobs for full-time non-local postgraduate students of locally accredited local programmes have been temporarily exempted. With a No Objection Letter (NOL)…
The seasonally adjusted unemployment rate stood at 3% for the period between July and September, unchanged from the June-to-August figure, the Census & Statistics Department announced today. The underemployment rate also remained unchanged, at 1.2%. Total employment increased by around 1,700 to 3,710,200, while the labour force remained about the same at 3,830,100.…
Financial Secretary Paul Chan will depart for Peru this evening to attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting and other related events in the country’s capital Lima, before heading to New York City in the US. Under the banner “Sustainable + Digital + Resilient = APEC”, this year’s finance ministers’ meeting will…
Hong Kong, known for its vibrant culture and dynamic economy, is a popular destination for travelers from around the world, including those from the United Kingdom. Understanding the visa requirements is essential for UK citizens planning a visit to ensure a smooth and enjoyable trip. Visa-Free Entry UK citizens can enter Hong Kong visa-free for…
Financial Secretary Paul Chan today said he is confident that the Government’s adjustment of the maximum loan-to-value ratio for all properties to 70% will be conducive to the healthy and stable development of the Hong Kong property market. Elaborating on the measure, announced in yesterday’s Policy Address, at a press conference today, Mr Chan…
(To watch the full press conference with sign language interpretation, click here.) Deputy Financial Secretary Michael Wong said that it is necessary to rename compliant subdivided units (SDUs) as Basic Housing Units (BHUs) to highlight the compliance. Mr Wong, who heads the Task Force on Tackling the Issue of Subdivided Units, made the…
Secretary for Health Prof Lo Chung-mau said establishing Hong Kong’s third medical school will be a huge task with very important implications for the future for the city’s medical education, and stressed that the Government welcomes institutes to submit proposals for the new medical school’s development. While elaborating on the healthcare related measures announced in yesterday’s…
Secretary for Health Prof Lo Chung-mau met a delegation led by Hainan Vice Governor Xie Jing today to introduce the initiatives on developing Hong Kong into an international health and medical innovation hub as set out in the 2024 Policy Address. At the meeting, Prof Lo updated the delegation on the latest development of Hong Kong’s…
The Government announced today the establishment of the Task Group on New Medical School, which is responsible for devising the direction and parameters for a new medical school. The task group intends to extend invitation of proposals within this year to local universities interested in establishing the new medical school, so as to select…