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The Hong Kong government gazetted a bill on Friday that, if passed, would waive salary tax on fund managers’ performance-linked bonuses, so long as they meet certain requirements, in a move to introduce further tax reform to strengthen the city as a wealth management centre. The bill, which will be first read by lawmakers on June 24, may attract more fund managers and family offices to operate in the city, the government said. The measure would make Hong Kong the first major Asian financial [...]

In their 2022 book Sinostan, Raffaello Pantucci and Alexandros Petersen saw Central Asia as China’s “inadvertent empire”. If that is true – and the five-country region embracing Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan and Tajikistan (informally called the C5) certainly sits at the heart of China’s Belt and Road Initiative – then Beijing could not have chosen a less noticed corner of the world atlas. Unnoticed, perhaps, by almost everyone except Halford Mackinder, who in 1904 described [...]

Hong Kong can be “more than New York and Silicon Valley combined” by positioning itself as a hub that integrates global financial depth with technological innovation and manufacturing capacity, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said on Friday that Hong Kong had a unique edge over New York and Silicon Valley, thanks to advanced manufacturing capabilities that its American rivals lacked, which were the result of integration with the Greater Bay Area. Speaking [...]

A Hong Kong school recovering from the tragic suicides of a Primary Six pupil and her mother does not suffer from intense academic pressure, a student and the vice-principal have said, stressing that promotion to its secondary section is automatic. Their remarks were made on Friday as an experienced psychologist advised against allowing surviving relatives to return home immediately after the death of a family member by suicide at the residence. A woman, 48, took her own life at her flat in Lu [...]

A mechanical technician has died after he was injured and left unconscious during an inspection of an amusement ride at a Hong Kong theme park. Police received a report at 9.08am on Friday that the 63-year-old man was found unconscious in Ocean Park’s mountain area, with injuries to his head and shoulders. Emergency personnel transported the victim to Ruttonjee Hospital in Wan Chai at around 9.30am. He was pronounced dead at 10.33am following unsuccessful efforts to resuscitate him. The cause of [...]