The Hong Kong Government has released a draft bill containing its 2017 proposal to provide an enhanced tax deduction for research and development expenditure.

Hong Kong's Government has published a draft law preserving the profits tax exemption for offshore venture capital funds who participate in the island's new Innovation and Technology Venture Fund.

On June 14, 2018, Hong Kong's Inland Revenue Department released guidance on the tax obligations of landlords.

Hong Kong's Legislative Council has passed legislation to improve the jurisdiction's tax incentives for research and development spending.

Hong Kong's Inland Revenue Department has noted that, starting from the year of assessment 2018/19, capital expenditure incurred for procuring environmental protection installations should be deducted in a single year, rather than over five years.

Hong Kong's Inland Revenue Department has released new guidance notes on the deduction of foreign taxes.

Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force.

The Hong Kong Government has published in the Gazette legislation to provide profits tax concessions to certain ship lessors and ship leasing managers.

Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment.

Hong Kong has updated its guidance on advance rulings, to reflect changes to Hong Kong's practices as a result of its efforts to comply with the OECD's minimum standards proposed as part of the base erosion and profit shifting (BEPS) Action Plan.

Hong Kong has signed a new free trade agreement with the Association of Southeast Asian Nations, which is expected to become effective from January 2019.

Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment.

Hong Kong has updated its guidance on advance rulings, to reflect changes to Hong Kong's practices as a result of its efforts to comply with the OECD's minimum standards proposed as part of the base erosion and profit shifting (BEPS) Action Plan.

InterContinental Hong Kong is ready for its biggest renovation in 30 years. The hotel closure is now scheduled for April 20, 2020, with the reopening as the Regent Hong Kong in 2022. The hotel has been planning a spectacular transformation that will position it as one of the top hotels not only in Asia, but also as one of the world's most iconic hotels. The total transformation will span all guest rooms and suites including bathrooms,all public areas, restaurants and event venues, as well as a refresh of the building façade with a contemporary new look. Yan Toh Heen, the hotel's 1-Michelin star Cantonese restaurant, will remain open throughout the renovation, with access via the adjoining K11 Musea. Following a global search for a design visionary for the flagship property's major transformation and re-opening as the Regent, Hong Kong-born Chi Wing Lo has been appointed as the architect / designer. Goodwin Gaw, Chairman and Managing Principal of Gaw Capital Partners, which led the acq...

The work on BEPS Action 14 continues with today's publication of the seventh round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project.

Exports to Hong Kong in Turkey decreased to 34279.61 USD THO in March from 43928.19 USD THO in February of 2020. Exports to Hong Kong in Turkey averaged 46227.11 USD THO from 2014 until 2020, reaching an all time high of 153370.57 USD THO in October of 2018 and a record low of 16560.08 USD THO in January of 2016. This page includes a chart with historical data for Turkey Exports to Hong Kong.

Hong Kong 10Y Bond Yield was 0.61 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Hong Kong Government Bond 10Y reached an all time high of 10.49 in June of 1998. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Exports to Hong Kong CMLV in Russia increased to 182 USD Million in February from 89.60 USD Million in January of 2020. Exports to Hong Kong CMLV in Russia averaged 503.36 USD Million from 2006 until 2020, reaching an all time high of 3026.30 USD Million in December of 2013 and a record low of 13.20 USD Million in January of 2006. Russia accounts for Exports to Hong Kong using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports to Hong Kong.

Imports from Hong Kong in Netherlands decreased to 298000 EUR THO in February from 508000 EUR THO in January of 2020. Imports from Hong Kong in Netherlands averaged 394670.89 EUR THO from 2014 until 2020, reaching an all time high of 643000 EUR THO in November of 2018 and a record low of 140149 EUR THO in April of 2014. This page includes a chart with historical data for Netherlands Imports from Hong Kong.

Exports to Hong Kong in France increased to 340 EUR Million in March from 303 EUR Million in February of 2020. Exports to Hong Kong in France averaged 452.24 EUR Million from 2014 until 2020, reaching an all time high of 803 EUR Million in November of 2018 and a record low of 303 EUR Million in February of 2020. This page includes a chart with historical data for France Exports to Hong Kong.

Exports to China & Hong Kong in France increased to 1697 EUR Million in March from 1624 EUR Million in February of 2020. Exports to China & Hong Kong in France averaged 1994.40 EUR Million from 2014 until 2020, reaching an all time high of 2912 EUR Million in November of 2018 and a record low of 1497 EUR Million in March of 2015. This page includes a chart with historical data for France Exports to China & Hong Kong.

Exports to China & Hong Kong (estimated) in France increased to 1695 EUR Million in March from 1298 EUR Million in February of 2020. Exports to China & Hong Kong (estimated) in France averaged 1990.74 EUR Million from 2014 until 2020, reaching an all time high of 3246 EUR Million in November of 2018 and a record low of 1234 EUR Million in August of 2014. This page includes a chart with historical data for France Exports to China & Hong Kong (estimated).

The Hang Seng decreased 4273 points or 14.99% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Hong Kong. Historically, the Hong Kong Stock Market (HSI) reached an all time high of 33484.08 in January of 2018. The Hang Seng is a major stock market index which tracks the performance of around 50 largest companies listed in the Stock Exchange of Hong Kong. It is free floating, capitalization-weighted index. The Hang Seng has a base value of 100 as of June 30, 1964.

IP Addresses in Hong Kong increased to 3132077 IP in the first quarter of 2017 from 3045927 IP in the fourth quarter of 2016. IP Addresses in Hong Kong averaged 2568497.67 IP from 2007 until 2017, reaching an all time high of 3132077 IP in the first quarter of 2017 and a record low of 1589168 IP in the third quarter of 2007. This page includes a chart with historical data for Hong KongIP Addresses.

Temperature in Hong Kong increased to 28.52 celsius in August from 28.39 celsius in July of 2013. Temperature in Hong Kong averaged 22.66 celsius from 1840 until 2013, reaching an all time high of 29.68 celsius in July of 1854 and a record low of 11.62 celsius in February of 1968. This page includes a chart with historical data for Hong Kong Temperature.

The Gross Domestic Product per capita in Hong Kong was last recorded at 38784.80 US dollars in 2018. The GDP per Capita in Hong Kong is equivalent to 307 percent of the world's average. GDP per capita in Hong Kong averaged 18197.30 USD from 1961 until 2018, reaching an all time high of 38784.80 USD in 2018 and a record low of 3380.60 USD in 1961. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Hong Kong GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Hong Kong was last recorded at 57322.50 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Hong Kong, when adjusted by Purchasing Power Parity is equivalent to 323 percent of the world's average. GDP per capita PPP in Hong Kong averaged 40790.90 USD from 1990 until 2018, reaching an all time high of 57322.50 USD in 2018 and a record low of 26974.30 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Hong Kong GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Hong Kong increased to 0.04 percent in 2018 from 0.01 percent in 2017. Deposit Interest Rate in Hong Kong averaged 2.17 percent from 1990 until 2018, reaching an all time high of 6.70 percent in 1990 and a record low of 0.01 percent in 2009. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Hong Kong.

Hong Kong scored 83.14 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Hong Kong averaged 23.16 Points from 2007 until 2019, reaching an all time high of 83.14 Points in 2019 and a record low of 5.22 Points in 2010. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Hong Kong Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves in Hong Kong remained unchanged at 2.08 Tonnes in the fourth quarter of 2019 from 2.08 Tonnes in the third quarter of 2019. Gold Reserves in Hong Kong averaged 2.08 Tonnes from 2000 until 2019, reaching an all time high of 2.10 Tonnes in the first quarter of 2018 and a record low of 2.08 Tonnes in the second quarter of 2000. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Hong Kong Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hong Kong is ranked 3 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Hong Kong improved to 3 in 2019 from 4 in 2018. Ease of Doing Business in Hong Kong averaged 3.33 from 2008 until 2019, reaching an all time high of 5 in 2014 and a record low of 2 in 2010. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Hong Kong.

Minimum Wages in Hong Kong increased to 37.50 HKD/Hour in 2019 from 34.50 HKD/Hour in 2018. Minimum Wages in Hong Kong averaged 31.94 HKD/Hour from 2011 until 2019, reaching an all time high of 37.50 HKD/Hour in 2019 and a record low of 28 HKD/Hour in 2012. In Hong Kong, minimum wage refers to the lowest hourly gross wage and do not include meal breaks or rest days. It was proposed in 2010, approved in 2011 and came into effect in May 2011. Prior to this, there was a fixed minimum monthly wage for foreign domestic workers (HKD 3740). This page provides - Hong Kong Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Productivity in Hong Kong increased to 107.20 Index Points in 2018 from 106.40 Index Points in 2017. Productivity in Hong Kong averaged 85.27 Index Points from 2000 until 2018, reaching an all time high of 107.20 Index Points in 2018 and a record low of 63.40 Index Points in 2001. In Hong Kong, labour productivity index is derived by dividing the index of constant price value-added by the index of person-hours worked and multiplied by a factor of 100. This page provides - Hong Kong Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Home Ownership Rate in Hong Kong remained unchanged at 49.20 percent in 2018 from 49.20 percent in 2017. Home Ownership Rate in Hong Kong averaged 46.47 percent from 1982 until 2018, reaching an all time high of 54.30 percent in 2004 and a record low of 28.70 percent in 1982. This page provides the latest reported value for - Hong Kong Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Hong Kong recorded a government debt equivalent to 38.40 percent of the country's Gross Domestic Product in 2016. Government Debt to GDP in Hong Kong averaged 26.33 percent from 1988 until 2016, reaching an all time high of 38.40 percent in 2016 and a record low of 13.70 percent in 1992. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Hong Kong Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hong Kong scored 76 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Hong Kong averaged 78.16 Points from 1995 until 2019, reaching an all time high of 84 Points in 2010 and a record low of 70.10 Points in 1996. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Hong Kong Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Hong Kong is the 16 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Hong Kong averaged 14.88 from 1995 until 2019, reaching an all time high of 18 in 1996 and a record low of 12 in 2008. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Hong Kong Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Corporate Tax Rate in Hong Kong stands at 16.50 percent. Corporate Tax Rate in Hong Kong averaged 16.57 percent from 1997 until 2019, reaching an all time high of 17.50 percent in 2004 and a record low of 16 percent in 1999. In Hong Kong, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Hong Kong. This page provides - Hong Kong Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Hong Kong stands at 17 percent. Personal Income Tax Rate in Hong Kong averaged 15.38 percent from 2004 until 2019, reaching an all time high of 17 percent in 2019 and a record low of 15 percent in 2008. In Hong Kong, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Hong Kong. This page provides - Hong Kong Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hong Kong recorded a Government Budget deficit equal to 1.30 percent of the country's Gross Domestic Product in 2019. Government Budget in Hong Kong averaged 1.41 percent of GDP from 1999 until 2019, reaching an all time high of 7.30 percent of GDP in 2007 and a record low of -4.80 percent of GDP in 2001. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Hong Kong Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hong Kong recorded a government budget deficit of 14909 HKD Million in the fourth quarter of 2019. Government Budget Value in Hong Kong averaged 4051.38 HKD Million from 1976 until 2019, reaching an all time high of 115653 HKD Million in the fourth quarter of 2018 and a record low of -92344 HKD Million in the third quarter of 2019. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Hong Kong Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Deflator in Hong Kong decreased to 106.40 points in the fourth quarter of 2019 from 106.80 points in the third quarter of 2019. GDP Deflator in Hong Kong averaged 66.70 points from 1973 until 2019, reaching an all time high of 106.80 points in the third quarter of 2019 and a record low of 13.60 points in the second quarter of 1973. This page provides - Hong Kong GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Spending in Hong Kong increased to 473730 HKD Million in the fourth quarter of 2019 from 440905 HKD Million in the third quarter of 2019. Consumer Spending in Hong Kong averaged 217500.48 HKD Million from 1973 until 2019, reaching an all time high of 487714 HKD Million in the fourth quarter of 2018 and a record low of 40532 HKD Million in the first quarter of 1974. This page provides - Hong Kong Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Hong Kong increased to 72889 HKD Million in the fourth quarter of 2019 from 71802 HKD Million in the third quarter of 2019. Government Spending in Hong Kong averaged 36860.23 HKD Million from 1973 until 2019, reaching an all time high of 73915 HKD Million in the first quarter of 2019 and a record low of 7694 HKD Million in the second quarter of 1973. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Hong Kong Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Hong Kong was worth 365.10 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Hong Kong represents 0.30 percent of the world economy. GDP in Hong Kong averaged 112.53 USD Billion from 1960 until 2019, reaching an all time high of 365.10 USD Billion in 2019 and a record low of 1.32 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Hong Kong GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The total population in Hong Kong was estimated at 7.5 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Hong Kong had a population of 3.1 million people. The population of Hong Kong represents 0.10 percent of the world´s total population which arguably means that one person in every 982 people on the planet is a resident of Hong Kong. This page provides - Hong Kong Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Hong Kong Monetary Authority/HKMA lowered its base rate by 50 basis points to 1.5 percent on March 4th, 2020, following a similar move by the US Federal Reserve as Hong Kong's currency is pegged to the US dollar. The central bank sets its base rate at either 50 basis points above the lower end of the prevailing target range for the US federal funds rate or the average of the five-day moving averages of the overnight and one-month Hong Kong Interbank Offered Rates (HIBORs), whichever is the higher. The monetary authority mentioned that there were many uncertainties in future changes of the COVID-19 epidemic and there would still be very large fluctuations in the financial market. The HKMA also said it will continue closely monitoring the movement of the foreign exchange and local currency market, with a view to maintain the stability of Hong Kong dollar through the link exchange system. . Interest Rate in Hong Kong averaged 3.32 percent from 1998 until 2020, reaching an all time high of 8 percent in May of 2000 and a record low of 0.50 percent in December of 2008. In Hong Kong the interest rates decisions are taken by the Hong Kong Monetary Authority (HKMA). The main interest rate is Base rate, adjusted with accordance to the Hong Kong dollar’s demand or supply. This page provides the latest reported value for - Hong Kong Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Hong Kong decreased 0.50 percent in the fourth quarter of 2019 over the same quarter in the previous year. Industrial Production in Hong Kong averaged 0.46 percent from 1983 until 2019, reaching an all time high of 23.90 percent in the first quarter of 1987 and a record low of -14.20 percent in the fourth quarter of 1998. In Hong Kong, industrial production measures the output of businesses integrated in manufacturing sector of the economy. This page provides - Hong Kong Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Manufacturing in Hong Kong decreased to 15530 HKD/Month in the fourth quarter of 2019 from 15533 HKD/Month in the third quarter of 2019. Wages in Manufacturing in Hong Kong averaged 11180.81 HKD/Month from 1999 until 2019, reaching an all time high of 15533 HKD/Month in the third quarter of 2019 and a record low of 7611 HKD/Month in the first quarter of 2005. This page provides - Hong Kong Wages in Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Hong Kong decreased to 106.70 points in the fourth quarter of 2019 from 107.90 points in the third quarter of 2019. Producer Prices in Hong Kong averaged 93.21 points from 1990 until 2019, reaching an all time high of 110.50 points in the second quarter of 2019 and a record low of 80.90 points in the first quarter of 1990. In Hong Kong, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - Hong Kong Producer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.