News - Hong Kong Corporate Services Group

The Hong Kong 2021-2022 Budget by Roddy Sage

The Hong Kong Governments‘s prudent approach to maintaining a high level of reserves, though frequently criticised in the past, has enabled the Hon Paul Chan, the Financial Secretary, to focus on stabilising Hong Kong’s economy and relieving people’s burdens in handing down his 2021-22 Budget. Despite estimating a budget deficit of HK$257.6 billion for the...

March 22, 2021

Interview of Ken Chad, CEO of FT5, a Hong Kong advisory business for small to medium size businesses in Asia

Well Ken what is FT5? What does it do? FT5 is a group of professionals focused on working with small to medium size businesses. We have worked here in Hong Kong and across Asia for most of our lives. We have a deep bench of advisory board members covering a range of sectors, many...

October 19, 2020

Government Funding for SMEs

Government Funding for SMEs SMEs (Small and Medium Enterprises) are an integral part of the Hong Kong, and global, economy. As of September 2019, SMEs accounted for 98% of Hong Kong’s total business units, and provided job opportunities to approximately 1.3 million people (around 45% of total employment in the city). According to the Hong...

March 2, 2020

Funding Available from the Innovation and Technology Commission

Funding Available from the Innovation and Technology Commission Hong Kong has long been lauded as an international financial powerhouse. However, while the prosperity of Hong Kong is indisputable, it is not infallible. The economy has a narrow base; in 2018 The Government’s Census and Statistics Department reported that services (including finance, property and trading) comprised...

March 2, 2020

Brexit has Officially Happened. Where Does that Leave Hong Kong?

Brexit has Officially Happened. Where Does that Leave Hong Kong? On the 31st of January 2020, the United Kingdom finally left the European Union. What does that mean, if anything, for business in Hong Kong? The world was left reeling when, on the 23rd of June 2016, a 52% majority of British voters chose to...

March 2, 2020

Navigating the Belt and Road Initiative for profit

Navigating the Belt and Road Initiative for profit When Marco Polo spent 24years traversing the Persian Gulf, China, Mongolia, The Gobi Desert and many points in between, he was in charge of his own destiny. His voyage of discovery and years spent living in China brought his family great prosperity. For investors along the modern...

September 30, 2019

Free Trade and Investment Agreements between Australia and Hong Kong a stamp of certainty.

Free Trade and Investment Agreements between Australia and Hong Kong a stamp of certainty. Business requires confidence to operate, and the best way to achieve this is to remove uncertainty. The good news story of the recent Free Trade and Investment Agreements is that they remove the uncertainty of potential tariffs that may appear in...

September 30, 2019

For investors in Hong Kong, crisis creates opportunities

For investors in Hong Kong, crisis creates opportunities Undeniably, Hong Kong has seen more bullish times in its investment markets, however, as the old adage goes, “crisis creates opportunities,” and for financial investors at present, there are many ways to view the situation and potentially profit. These beliefs are often the negative view of Hong...

September 30, 2019

The Next Generation of Megalopolis… The Greater Bay Area

The Next Generation of Megalopolis… The Greater Bay Area The term was used originally by Patrick Geddes in his 1915 book Cities in Evolution, by Oswald Spengler in his 1918 book The Decline of the West, and Lewis Mumford in his 1938 book The Culture of Cities, which described it as the first stage in...

March 28, 2019

Savvy Canadian companies use Hong Kong to access China

Savvy Canadian companies use Hong Kong to access China Hong Kong has been viewed for many years as the ideal launch pad to do business with mainland China. Today, that is truer than ever. The City’s unique geographic location (it’s less than an hour’s drive to the hub city of Shenzhen), its business-friendly outlook and...

March 28, 2019

Hong Kong as Your Basecamp for China

“Hong Kong as Your Basecamp for China” Despite Hong Kong becoming politically a part of China in 1997, the city has grown in importance as the economic and financial Gateway to China. When China opened to the world economy in 1978, Hong Kong was its only interface with the West. Hong Kong quickly became the...

March 28, 2019