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Ap Lei Chau site sold

The tender for an Ap Lei Chau residential site has been awarded to consortium Unicorn Bay, formed by Logan Property and KWG Property, on a 50-year land grant at a premium of over $16.8 billion.

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Budget in HK's best interests

Financial Secretary Paul Chan has defended his decision not to hand out more sweeteners in his 2017-18 Budget, saying the Government must exercise fiscal responsibility and do what is in Hong Kong's best interests.

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Events fund must evolve

Although the Mega Events Fund has worked well for the past eight years, a new strategy is needed, Secretary for Commerce & Economic Development Gregory So says.

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Tourism strategy diversified

The Government has adjusted its tourism strategy with an emphasis on diversification and to attract high-yield overnight visitors, Secretary for Commerce & Economic Development Gregory So says.

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Tax regime to be reviewed

The Financial Services & the Treasury Bureau will set up a tax policy unit to study ways to augment the tax regime to raise Hong Kong’s competitiveness, foster development in emerging industries and attract new investment.

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Budget is proactive: FS

Financial Secretary Paul Chan says the Government is committed to aiding those in need while maintaining strict fiscal discipline.

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391 companies invest in HK

Invest Hong Kong helped 391 companies set up or expand their businesses in Hong Kong last year, up 4.3% year-on-year.

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Stamp duty effective: FS

The 15% stamp duty on property transactions introduced last November has cooled the property market and no further measures will be considered to manage demands in the meantime due to market uncertainty.

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Tax policy unit broached

Financial Secretary Paul Chan wants to form a tax policy unit to review Hong Kong's tax regime.

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Gov't to boost trade, investment

The Government will uphold the principle of free trade, and expand the commercial and trading network through trade and investment agreements to counter rising protectionist sentiments globally.

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I&T body to be formed

Financial Secretary Paul Chan says he will form a committee to co-ordinate I&T development and the re-industrialisation of Hong Kong.

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Land supply to rise

The Government will increase land supply on all fronts to meet Hong Kong's housing, economic and social development needs.

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Gov't to sponsor creative events

The 2017-18 Budget has outlined a series of creative industry events sponsored or organised by the Government to mark the 20th anniversary of the establishment of the Hong Kong Special Administrative Region.

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Initiatives set to boost tourism

The Government will boost Hong Kong's tourism appeal by funding more homegrown mega events and organising more tourism projects with local characteristics and environmental elements.

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3 goals to economic dev't

To develop the economy and improve livelihood, Financial Secretary Paul Chan says public finances should serve three objectives.

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Surplus to aid relief measures

The Government will launch a wide range of relief measures to ease the burden on people from across society, Financial Secretary Paul Chan says.

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Nearly $508b in revenue predicted

Total government revenue for 2017-18 is estimated to be $507.7 billion, of which earnings and profits tax is estimated at $208.9 billion, Financial Secretary Paul Chan says.

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FS forecasts 'mild inflation'

Financial Secretary Paul Chan foresees a mild inflation increase of 1.8% for this financial year.

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Consumer prices up 1.3%

Overall consumer prices rose 1.3% year-on-year in January, the Census & Statistics Department says.

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Budget set for Wed

Financial Secretary Paul Chan will present the 2017-18 Budget to the Legislative Council at 11am on February 22.

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