Source: Hong Kong Government special administrative region
Hong Kong and Kyrgyz Republic enter into tax pact
Mr Hui said, “As stated in the newly announced 2026-27 Budget, we will further expand our CDTA network. This CDTA with the Kyrgyz Republic is the 56th that Hong Kong has concluded, signifying the ongoing achievements of the HKSAR Government’s continuous efforts. We will continue to actively seek to sign CDTAs with more tax jurisdictions to enhance the attractiveness of Hong Kong as a business and investment hub and consolidate the city’s status as an international economic and trade centre.”
At the meeting, Mr Hui presented to Mr Sydykov the advantages of Hong Kong as an international financial centre and its latest developments, including the efforts made to establish Hong Kong as a regional gold reserve hub.
Mr Hui added, “This CDTA sets out the allocation of taxing rights between Hong Kong and the Kyrgyz Republic, which will enable investors to better assess their potential tax liabilities from cross-border economic activities and avoid double taxation. This will create a more attractive business environment for promoting bilateral trade and investment.”
In accordance with this CDTA, any tax paid by Hong Kong residents in the Kyrgyz Republic will be allowed as a credit against the tax payable in Hong Kong in respect of the same income in accordance with the provisions of the Inland Revenue Ordinance (Cap. 112) (IRO). In addition, if a Hong Kong company holds at least 20 per cent of the share capital of the dividend-paying company, the Kyrgyz Republic’s withholding tax rate on such dividends, currently at up to 10 per cent, will be reduced to 5 per cent; while the maximum withholding tax rate on interest and royalties received by Hong Kong residents, currently at 10 per cent, will be reduced to 8 per cent.
This CDTA will come into force after completion of ratification procedures by both sides. In Hong Kong, the Chief Executive in Council will make an order under the IRO, which will be tabled at the Legislative Council for negative vetting. Details of the CDTA are available on the Inland Revenue Department websiteIssued at HKT 13:37
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Hong Kong Monetary Authority, Shanghai Data Bureau, and National Technology Innovation Center for Blockchain sign MOU to strengthen Shanghai-Hong Kong co-operation in digitised cargo trade and finance
Source: Hong Kong Government special administrative region
Hong Kong Monetary Authority, Shanghai Data Bureau, and National Technology Innovation Center for Blockchain sign MOU to strengthen Shanghai-Hong Kong co-operation in digitised cargo trade and finance (with photo)
Under the MOU, the HKMA, the SDB, and the NTICBC will jointly conduct research on digital technology and its applications, and promote the innovative application of the technology in areas such as cargo trade and finance. The parties will work together to examine the use of digital technology to develop a “cross-border platform”. Through this platform, cross-border financial co-operation and the use of electronic bills of lading (eBL) will be explored under Project Ensemble, while the facilitation of trade finance through cargo and trade data will be studied via connection with the Commercial Data Interchange (CDI) and CargoX.
Deputy Chief Executive of the HKMA Mr Howard Lee said, “We are pleased to sign the MOU with the SDB and the NTICBC. This marks an important milestone in the collaboration on financial innovation between Shanghai and Hong Kong, and underscores the joint commitment to strengthen the collaboration between the two jurisdictions in areas of digitised cargo trade and finance. We look forward to driving innovative application of digital technology in areas such as cargo trade and finance, promoting joint achievements in digital innovation, exploring a digital infrastructure that links Shanghai and Hong Kong, promoting digitalisation of trade finance, as well as facilitating the integration of cargo and trade data in the Chinese Mainland with the international data ecosystem through Hong Kong.”
The Director of SDB, Dr Shao Jun, said, “The joint signing of the MOU with the HKMA and the NTICBC marks a significant step towards deepening co-operation between Shanghai and Hong Kong on data. We remain committed to data-powered and innovation-driven development, striving to establish a secure, efficient, and open digital infrastructure. This collaboration will fully leverage Shanghai’s strengths in data integration and commercialisation, working in tandem with Hong Kong to realise innovative applications in digitised cargo trade, and finance. We also look forward to showcasing a range of innovation outcomes through close co-operation, thereby injecting new momentum into Shanghai-Hong Kong digital collaboration.”
Issued at HKT 14:30
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Sydney ETO promotes Hong Kong’s energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival
Source: Hong Kong Government special administrative region
Sydney ETO promotes Hong Kong’s energy and cultural vitality at Sydney Lunar New Year Dragon Boat Festival
Over 2 000 paddlers powered through the waters in thrilling races during the two-day event in Darling Harbour. The Sydney ETO organised a Hong Kong team to compete in the Corporate Category and the Government Industry Challenge on March 1. This year’s marquee races included the Hong Kong Talent Cup, Hong Kong Opportunity Cup, Hong Kong Dynamic Cup, and Hong Kong Connect Cup, with medals presented by the Director of the Sydney ETO, Mr Ricky Chong.
During the awards presentation, Mr Chong highlighted the significance of the Sydney Lunar New Year Dragon Boat Festival as a vibrant cultural event in Sydney. He noted that dragon boat racing is a Chinese tradition and sporting event with over 2 000 years of history, which has developed into an international sport that represents teamwork, endurance, and community spirit. He further emphasised the importance of community gatherings during Chinese New Year and the positive role such events play in strengthening Hong Kong-Australia relations.
The Sydney ETO set up a marquee during the Dragon Boat Festival to showcase Hong Kong’s latest developments, major city events, and talent-attraction initiatives, giving visitors a firsthand experience of the city’s innovation, culture, and excitement. Souvenirs distributed at the marquee and Hong Kong-themed banners added to the festive atmosphere, highlighting the city’s dynamic culture and celebratory spirit.
The Sydney Lunar Festival, organised by the City of Sydney, is one of the largest celebrations of Chinese New Year outside Asia. This year the festival is held from February 14 to March 1, featuring an array of programmes including lion dancing, lantern displays, and cultural performances, as well as jet pack and firework shows.
The Sydney Lunar New Year Dragon Boat Festival, the biggest event of its kind in the southern hemisphere, was a highlight of the Sydney Lunar Festival, attracting tens of thousands of spectators.
The Sydney ETO also displayed Hong Kong-themed street banners with Chinese New Year greetings at major locations across Sydney during the festive period.
Issued at HKT 16:55
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Online appointment for counter services for direct issue of Hong Kong Full Driving Licence to be fully implemented from March 16
Source: Hong Kong Government special administrative region
Online appointment for counter services for direct issue of Hong Kong Full Driving Licence to be fully implemented from March 16
| Time Starting March 16, the system will open up available booking slots in the coming four weeks for booking, and the slots will be updated at 5pm on every working day.
Applicants are required to verify their identity when making a booking. Hong Kong identity card (HKIC) holders must log in using a registered “iAM Smart” account; while non-HKIC holders or those who have not registered an “iAM Smart” account must upload their identity document and driving licence as instructed by the system. All applicants have to provide an email address to receive the one-time password for verification. If any information provided or submitted is found to be untrue, the appointment will be cancelled and such quota will be released for booking by other applicants, enabling more effective system operation. The eligibility criteria, necessary documents and applicable vehicle classes of “direct issue” applications remain unchanged.Issued at HKT 10:00 NNNN Nominations for Young Astronaut Training Camp 2026 to start tomorrowSource: Hong Kong Government special administrative region Nominations for Young Astronaut Training Camp 2026 to start tomorrow NNNN Hong Kong Customs reminds non-local jewellery exhibitors about statutory requirement to submit cash transaction report under Dealers in Precious Metals and Stones Regulatory RegimeSource: Hong Kong Government special administrative region Hong Kong Customs reminds non-local jewellery exhibitors about statutory requirement to submit cash transaction report under Dealers in Precious Metals and Stones Regulatory Regime NNNN Major Sports Events Committee awards “M” Mark status to HSBC LIV Golf Hong Kong 2026Source: Hong Kong Government special administrative region Major Sports Events Committee awards “M” Mark status to HSBC LIV Golf Hong Kong 2026 NNNN Man sentenced to two months’ imprisonment for illegally importing alternative smoking productsSource: Hong Kong Government special administrative region Man sentenced to two months’ imprisonment for illegally importing alternative smoking products NNNN Nominations now open for Best Landscape Award for Private Property Development 2026 which introduces new category for Subsidised Sale HousingSource: Hong Kong Government special administrative region Nominations now open for Best Landscape Award for Private Property Development 2026 which introduces new category for Subsidised Sale Housing NNNN Government announces tender result for Sandy Ridge siteSource: Hong Kong Government special administrative region Government announces tender result for Sandy Ridge site (1) A total gross floor area of 250 000 sq m, of which about 90 per cent (88 per cent) of the floor area will be dedicated to high-tier data centre use. NNNN |