BEPS 2.0: Hong Kong to Implement Global Minimum Tax in 2025

BEPS 2.0: Hong Kong to Implement Global Minimum Tax in 2025

Hong Kong joined more than 130 jurisdictions in committing to implementing BEPS 2.0 in 2021. The Financial Secretary announced in the 2023-24 Budget that Hong Kong will apply the global minimum effective tax rate of 15 per cent on in-scope multinational enterprise (MNE) groups starting from 2025 onwards. On 21 December 2023, the Hong Kong […]
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8 Key Business Trends in 2024

8 Key Business Trends in 2024

2024 is around the corner and comes with new challenges and changes. The business landscape is evolving rapidly, it is necessary for companies to strategically plan for the year ahead to stay on top of emerging trends and innovations to bolster revenue and business resilience.  In an era where technology is advancing at a breakneck […]
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ESG Challenges Facing Real Estate Companies — and How to Overcome Them

ESG Challenges Facing Real Estate Companies — and How to Overcome Them

Environmental, Social and Governance (ESG) is playing a much more prominent role in a company’s business framework. Today’s companies have understood the importance of embedding ESG considerations into every stage of decision-making, but there are several challenges they encounter while developing and executing their ESG strategy.   According to KPMG’s 2022 ESG survey, 57% of […]
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Navigating the Talent Shortage to Win in a Competitive Market

Navigating the Talent Shortage to Win in a Competitive Market

The world is dealing with talent shortages. So too is Hong Kong. The Hong Kong General Chamber of Commerce’s (HKGCC) Talent Shortage Survey 2023 found that 74% of Hong Kong employers are struggling with talent shortages where 61% have been suffering from this issue for up to three years. The factors that respondents blamed the […]
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Get Ready for Mandatory ESG Reporting in Hong Kong

Get Ready for Mandatory ESG Reporting in Hong Kong

What is ESG? ESG refers to a set of Environmental, Social and Governance standards that investors and stakeholders use to evaluate and select investments. Over the last decade, ESG has become a top priority topic in boardrooms, C-suite executives have been seeking an effective way to embed ESG factors into their decision-making process. As Hong […]
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Developing A Successful Digital Transformation Strategy

Real Estate: 4 Keys to a Successful Digital Transformation

Why is Digital Transformation imperative for a company’s future success? Digital transformation is the process of integrating digital technologies into all aspects of a business to drive fundamental change in operations, culture and customer experiences. Over the past decade,  Many organizations have realized the importance of digital transformation as the Internet of Things (IoT) – […]
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4 Practical Ways to Drive Your Sustainability Agenda

4 Practical Ways to Drive Your Sustainability Agenda

World leaders have adopted the 2030 Agenda for Sustainable Development and seventeen Sustainable Development Goals (SDGs) to tackle climate change, fight inequality and wipe out poverty. As one of the world’s largest economies, China has also announced its environmental sustainability targets to peak its CO2 emissions until 2030 and become carbon neutral by 2060. The […]
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Reshaping the Future of Real Estate Management Technology and Digitization

Reshaping the Future of Property Management: PropTech and Digitization

The trend of digital innovation and technological development have been shaping the future of the business world, and the property management sector is, undoubtedly, no  exception. As today’s business world runs on technology, many property management companies keep a laser focus on emerging technologies, looking for effective ways such as automation and digitization to future-proof […]
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KV for Tapping and Embracing Business Opportunities in the Greater Bay Area (GBA)

Tapping and Embracing Business Opportunities in the Greater Bay Area (GBA)

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) promotes closer cooperation and coordination between eleven cities – nine cities alongside two Special Administrative Regions, among which Hong Kong, Macao, Guangzhou, Shenzhen – the four core cities – serve as core engines to drive the GBA’s development. It is one of China’s major initiatives aimed at making […]
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KV of Commercial Real Estate_ The Key to Exceptional Lease Management

Commercial Real Estate: The Key to Exceptional Lease Management

Managing commercial leases is never easy. Under the updated lease accounting rules, lease management, also referred to as lease administration, has an impact – that is much more significant than before – on the financial reporting and bottom line of a company. For the commercial real estate sector, regardless of the number of commercial leases […]
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