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Tag Archives: Hong Kong

Customs arrangement with Hong Kong to benefit New Zealand trade

WELLINGTON: The implementation of a Mutual Recognition Arrangement (MRA) between New Zealand and China’s Hong Kong Special Administrative Region (SAR) will bring significant benefits to New Zealand exporters, a New Zealand customs official said. The MRA between Hong Kong and New Zealand that was signed in June 2018 came into effect on Friday, following a ceremonial announcement in Hong Kong. ... Read More »

Hong Kong, Switzerland in tax agreement

HONG KONG: Two global wealth management hubs signed an agreement for automatic exchange of financial account information in tax matters. The agreement will commence in 2018 and the first exchange of data between tax authorities will take place in 2019. Both countries must complete internal procedures before the new agreement enters in force. A Hong Kong government spokesman said, «We ... Read More »

Hong Kong, Australia seal agreement on fintech cooperation

HONG KONG: The Hong Kong Securities and Futures Commission (SFC) and ASIC today signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy. This Cooperation Agreement builds on the already close ties between ASIC and the SFC, as well as the Australia-Hong Kong trade and investment relationship more broadly. Hong Kong ... Read More »

Hong Kong, Ireland agree to automatic exchange of information for tax purposes

HONG KONG: Hong Kong and Ireland on June 8 signed an agreement to commence automatic exchange of financial account information in tax matters beginning 2018, the Hong Kong government has announced. Under such an agreement, Hong Kong would automatically exchange with Ireland, financial account information about accounts in Hong Kong held by Irish tax residents while Ireland would automatically exchange ... Read More »

Hong Kong, Pakistan ink pact to avoid double taxation

HONG KONG: Pakistan and Hong Kong on Friday signed the pact on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. Pakistan’s Ambassador to China Masood Khalid signed the agreement while the Secretary for Financial Services and the Treasury, Professor KC Chan signed on behalf of the government of the Hong Kong Special Administrative ... Read More »

Hong Kong, S Korea to automatically exchange tax data

HONG KONG: Hong Kong and South Korea signed a Competent Authority Agreement (CAA) to allow for the automatic exchange of financial account information in tax matters (AEOI) from 2019. “Since the signing of the first two agreements for AEOI with Japan and the United Kingdom in late 2016, we have been seeking to expand Hong Kong’s AEOI network with other ... Read More »

Hong Kong, Korea sign tax agreement for automatic exchange of financial account information

HONG KONG: Hong Kong and Korea have signed an agreement for the automatic exchange of financial account information in tax matters, the Hong Kong government announced today. Exchanges under the agreement would commence in 2019. “Since the signing of the first two agreements for AEOI with Japan and the United Kingdom in late 2016, we have been seeking to expand ... Read More »

Hong Kong, India sees big potential in tech cooperation

HONG KONG: Hong Kong and India are set to broaden trade cooperation and see technology corporation as an area of great potential, according to CY Leung, Chief Executive of the Hong Kong Special Administrative Region, who led the Hong Kong delegation to a business gathering hosted by the Hong Kong Trade Development Council (HKTDC) on Friday at the Shangri-La Eros ... Read More »

BlackBerry Classic will be available in white in Indonesia, Hong Kong, Asia, Europe, Middle East

OTTAWA: This week, the BlackBerry Classic will be available in white in Indonesia and Hong Kong. The white Classic will roll out over the next several weeks at online and carrier retail stores in Asia, Europe and the Middle East. Like the black version of the device, the white BlackBerry Classic will have a 3.5-inch screen protected by Gorilla Glass ... Read More »

Hong Kong, China stocks end marginally lower, Hang Seng dips 22.31pts, Shanghai sheds 2.56%

HONG KONG: Hong Kong stocks have ended marginally lower and Shanghai slumped 2.56 per cent following a fall on US stocks and a quiet reading from a gauge of Chinese manufacturing activity. Hong Kong’s benchmark Hang Seng Index dipped 22.31 points to 24,484.74 on Monday on turnover of $HK87.17 billion ($A14.52 billion). However, initial big losses were pared thanks to ... Read More »

Hong Kong, China stocks end lower, Hang Seng falls 1.07%, Shanghai Composite drops 1.31%

HONG KONG: Hong Kong and mainland Chinese stocks have ended lower, in line with sharp descends across most Asian stocks, dragged weaker by dips in the United States and a clampdown on margin trading. The benchmark Hang Seng Index fell 1.07 per cent, or 265.96 points, to 24,595.85 on turnover of $HK89.48 billion ($A14.56 billion). In mainland China, the Shanghai ... Read More »

China, Hong Kong stocks tumble; CSI 300 sheds 2.0%, Shanghai Composite sinks 1.9pc

SHANGHAI: China and Hong Kong stocks dropped on Tuesday, pulled down by monetary and assets shares on converted worries about the impact of the cooling Chinese economy on profits. The slowdown in China’s economic growth, which hit a 24-year low in 2014, dragged on major industrial enterprises in December, with profits falling 8 percent from a year earlier, the country’s ... Read More »

China stocks edge up by midday, CSI 300 soars 0.6 %, Shanghai Composite surges 0.1pc

SHANGHAI: China stocks edged up on Monday but expands were capped by selling in financials, whereas worries of volatility in Europe affected on stocks in Hong Kong. The CSI300 index rose 0.6 percent, to 3,591.82 points at the end of the morning session, while the Shanghai Composite Index inched up 0.1 percent, to 3,355.85 points. Hong Kong’s Hang Seng index ... Read More »

Li Ka-shing’s Hutchison agree to buy Telefonica UK unit for up to $15.4b

HONG KONG: Li Ka-shing’s Hutchison Whampoa Limited has agreed to buy Telefonica’s British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion), hastening the consolidation of Britain’s telecoms industry. The Hutchison offer values O2 UK at about 7.5 times EBITDA, in line with BT’s planned 12.5 billion pound takeover of EE, which was valued at about 8 times. ... Read More »

Vietnam police seize smuggled gold worth $1 million

VEITNAM: Veitnam’s Hanoi Police Department’s Senior Lieutenant Colonel Thanh Kien Trung told that a women hailing from the northern province of Quang Ninh and Co Kien Son, a Honaoi man were both apprehended for bringing in banned goods in the country. At 11:00 am that day, police detected Loan delivering numerous suspicious packages from a car to Son in the ... Read More »

China stocks end higher, CSI 300 climbs 0.5%, Shanghai Composite surges 0.6pc

BEIJING: China stocks closed higher on Thursday, recovering in the afternoon from a tumble rooted in a remark by the central bank governor taken to mean that no policy easing is coming soon. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.5 percent, to 3,567.61, while the Shanghai Composite Index gained 0.6 percent, to 3,343.34 ... Read More »

Telstra introduces 100G Wavelength Service to cover Japan, Hong Kong, Taiwan, Korea, Australia & US

VICTORIA: The telecommunication company of Australia Telstra has launched new 100Gbps ‘100 G Wavelength service’ connectivity across multiple ultra-long haul submarine cable routes globally. Telstra will accommodate the growth of cloud-based data operators and connect the increasing number of data centres managed by service and content providers. The new 100G Wavelength service will cover Japan, Hong Kong, Taiwan, Korea, Australia ... Read More »

Telstra introduces 100G Wavelength Service to cover Japan, Hong Kong, Taiwan, Korea, Australia & US

VICTORIA: The telecommunication company of Australia Telstra has launched new 100Gbps ‘100 G Wavelength service’ connectivity across multiple ultra-long haul submarine cable routes globally. Telstra will accommodate the growth of cloud-based data operators and connect the increasing number of data centres managed by service and content providers. The new 100G Wavelength service will cover Japan, Hong Kong, Taiwan, Korea, Australia ... Read More »

French decides to sale Toulouse airport at €308m to China, Hong Kong companies

PARIS: France government announced that it had decided to sell a €308 million ($381 million) stake in the firm that manages Toulouse airport to the Symbiose consortium that includes Chinese state-owned group Shandong Hi-Speed Group and Hong Kong-based investment company Friedmann Pacific Asset Management. In an interview with local daily La Dépêche du Midi, Economy Minister Emmanuel Macron insisted that ... Read More »

China stocks climb at noon, CSI 300 soars 2.3pc, Shanghai Composite surges 2.2%

SHANGHAI: China stocks surged on Wednesday morning, led up by finance and real estate stocks as shareholders recovered more grip and confidence after Monday’s fall. The CSI300 index rose 2.3 percent, to 3,474.08 points at the end of the morning session, while the Shanghai Composite Index gained 2.2 percent, to 3,243.87 points. On Monday, both indexes tumbled 7.7 percent – ... Read More »