robert fotheringham elected as first vice president of the hong kong canada business association
Hong Kong Tourism Board in Canada is anticipating of a lucky Year of the Dog with the launch of a new Hong Kong - Canada travel marketing campaign and other initiatives.
On February 22, the HKTB was joined by the Hong Kong Economic and Trade Office (HKETO) for its annual Chinese New Year reception, held this year at Soho's Luckee by Susur Lee in downtown Toronto. The event included an appearance by the celebrity chef himself, who prepared a dish with a little help from the HKTB’s Canadian Director Michael Lim and HKETO Director Kathy Chan.
In her welcoming remarks, Director Kathy Chan, updated guests on the economic performance of Hong Kong in 2017 and stressed that the city continued to prosper under the “one country, two systems” principle. "Hong Kong has been crowned as the world’s freest economy for 24 consecutive years by the United States' Heritage Foundation. We also continued to top the Fraser Institute’s World Economic Freedom Index every year since its first report in 1995," Miss Chan said.
Miss Chan highlighted that Hong Kong is working to introduce a two-tier profits tax system, which will enhance Hong Kong’s attractiveness as a premier place to do business. Specifically, the corporate profits tax rate for the first HK$2 million profits (around CAD$300,000) will be halved from 16.5% to 8.25% and Hong Kong aims to implement this new tax rate within 2018.
For more information on Hong Kong economic performance and trade development, you can access the full version of the HKTDC/HKTB joint presentation below.
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