Hong Kong’s 5-year plan needs ambition to match Beijing’s expectations

Hong Kong’s first five-year plan will be judged not by how many initiatives it assembles. Instead, it will be judged by whether it explains where the city intends to be by 2030 and how it will get there. The consultation document covers the expected ground. It includes the Northern Metropolis; Hong Kong’s roles as an i

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Hong Kong insurers' shares drop as Beijing taxes offshore insurance income  Reuters

Chinese mainland tax authorities have reportedly started levying personal income tax on returns from offshore insurance policies, the latest sign of greater scrutiny of offshore investments.