HONG KONG SAR - Media OutReach Newswire - 21 October 2024 - John Lee, Chief Executive of the Hong Kong Special Administrative Region, announced his annual Policy Address (October 16), with the overarching priority of improving people's livelihood and promoting a caring community.

"Over the past two years, my team and I have focused on economic growth and on improving people's livelihood through development, with the well being of the people of Hong Kong close to our hearts," Mr Lee said.

Noting that housing is an issue of great public concern, the Chief Executive announced various measures, including those to support home ownership, provide more public rental housing units and improve the quality of residential spaces.

To assist homebuyers, the Hong Kong Monetary Authority will relax the maximum loan-to-value ratio of property mortgage loans to 70%. The Government will also give young family applicants and one person applicants aged below 40 greater chance in applying for subsidised Home Ownership Scheme (HOS) flats. Mr Lee also announced detailed plans for the Government to legislate for a regulatory regime on the renting of subdivided units.

Meanwhile, the total supply of public housing units in the next five years will reach 189,000 units, and the waiting time for Public Rental Housing units will be reduced from the current 5.5 years to 4.5 years in 2026 27.

"I attach great importance to building a harmonious and stable community, one that is caring and inclusive, providing targeted assistance to the underprivileged and families in need," Mr Lee said.

The Chief Executive announced that the total number of vouchers under the Residential Care Service Voucher Scheme for the Elderly will be increased by 20% to 6,000. This will allow more frail elderly persons to be admitted to Residential Care Homes for the Elderly (RCHEs) of their choice and receive subsidised care services without waiting.

For people choosing to retire in Mainland China, the Government will enhance the Residential Care Services Scheme in Guangdong Province to provide more choices and support for elderly persons who opt to stay in care homes in the province, including sharing part of the medical expenses of the participants. A three-year pilot scheme will be launched next year to subsidise elderly recipients of Comprehensive Social Security Assistance to reside in designated residential care homes in Guangdong. Under the scheme, each eligible elderly person will receive a monthly subsidy of HK$5,000, subject to a quota of 1,000.

The 2024 Policy Address overarches the priority of improving people’s livelihood and promoting a caring community.

On poverty alleviation, Mr Lee announced that the Strive and Rise Programme would be expanded with the launch of the third cohort of the programme this year to recruit 4,000 mentees. The Government will also extend the Pilot Programme on Community Living Room by setting up three additional ones next year, making it a total of seven. To support families in need, the School based After School Care Service Scheme will be enhanced by increasing the number of primary schools covered by the Scheme from 50 to over 110.

In addition, services for persons with disabilities will be further enhanced through the establishment of 14 Integrated Community Rehabilitation Centres across the city, providing some 1,280 additional service places. Also, about 1,040 additional places will be provided for day, residential and pre school rehabilitation services.

To support and encourage women to excel at work, the Chief Executive announced that the Government would launch a mentorship programme, "She Inspires", and establish a network run by women leaders from all occupations, which would enable female university students to be paired with mentors from the senior management of different sectors.

The Government will also establish one more support service centre for ethnic minorities to provide interpretation and translation services, and strengthen support for non-Chinese speaking students in learning Chinese.

"We must seize every opportunity to make progress and renew ourselves. I am confident that Hong Kong will continue to go from strength to strength and attain new heights, and our people will lead a better life," Mr Lee said.

More information about the Policy Address is available from www.policyaddress.gov.hk.

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HONG KONG SAR - Media OutReach Newswire - 21 October 2024 - Hong Kong Virtual Asset Exchange Limited (HKVAX) showcased its leadership in facilitating Security Token Offerings (STOs) for the blue economy at the Oeiras BlueTech Ocean Forum cum 10th International Forum on Clean Energy. The event, held on October 16-17, 2024, in Oeiras, Lisbon, saw HKVAX sign a Memorandum of Understanding (MoU) with Fórum Oceano and Yacooba Labs for a Blue Economy STO project, exemplifying its commitment to global collaboration in sustainable finance.

MoU Signed for Blue Economy STO Project

HKVAX, a leading virtual asset trading platform licensed by Hong Kong's Securities and Futures Commission, Fórum Oceano, a prominent Portuguese organization dedicated to promoting sustainable ocean management, and Yacooba Labs, a cutting-edge technology company specializing in data analytics and AI solutions, formalized their partnership by signing an MoU for an innovative Blue Economy STO project at the forum.

The MoU outlines a broader commitment to the Blue Economy sector. The partners will make their best efforts to engage high-quality security token projects related to the Blue Economy with HKVAX covering aspects such as tokenization, distribution, listing, trading, and token custody.

Dr. Anthony Ng, Co-Founder and CEO of HKVAX, emphasized the project's significance: "This collaboration exemplifies our commitment to driving security token innovations in the Blue Economy sector. By tokenizing Blue Economy projects, we're not only creating new investment opportunities but also actively contributing to marine ecosystem preservation."

HKVAX CEO Showcases Hong Kong's Leadership in Blue Economy Tokenization

Dr. Anthony Ng, Co-Founder and CEO of HKVAX, delivers keynote speech on STO potential in the Blue Economy

Dr. Anthony Ng, Co-Founder and CEO of HKVAX, delivered a keynote speech highlighting Hong Kong's strategic position in the virtual asset landscape and its potential to revolutionize blue economy investments.

"Hong Kong's robust regulatory framework, coupled with HKVAX's cutting-edge tokenization solutions, positions us as a global hub for blue economy innovation," Dr. Ng stated. He emphasized the transformative potential of security tokens in unlocking new investment opportunities within the blue economy sector.

Dr. Ng illustrated how HKVAX's expertise in STO creates a bridge between traditional finance and sustainable ocean initiatives. "By leveraging blockchain technology, we're not just facilitating investments; we're catalyzing a new era of transparent, efficient, and impactful funding for crucial blue economy projects," he explained.

Forum Fosters Global Collaboration in Blue Economy Innovation

Dr. Ambrose So, President of the International Forum for Clean Energy (Macau), delivers opening speech on global collaboration in blue economy innovation

Dr. Ambrose So, President of the International Forum for Clean Energy (Macau), delivered an opening speech emphasizing the importance of international partnerships in advancing blue economy initiatives.

"China and Portugal can leverage their technological advantages to advance blue technology commercialization," Dr. So stated. He highlighted green finance and blue carbon investments as key growth areas, commending initiatives like HKVAX's Blue Economy STO project.

"By combining our strengths, we can accelerate innovation and contribute significantly to global ocean sustainability," Dr. So concluded. His remarks underscored the value of cross-border collaboration, aligning with HKVAX's mission of facilitating international partnerships through tokenization.

The Oeiras BlueTech Ocean Forum served as a catalyst for HKVAX's mission to drive innovation in the blue economy through STOs and international partnerships. By bringing together diverse stakeholders from industry, academia, and policy, the forum enabled HKVAX to demonstrate its unique position at the intersection of fintech and sustainability. The MoU signing for the Blue Economy STO project underscores HKVAX's role in translating global collaborations into tangible financial solutions for environmental challenges, reinforcing Hong Kong's status as a hub for sustainable finance innovation. innovation.

About HKVAX

Hong Kong Virtual Asset Exchange (HKVAX) is a virtual asset trading platform licensed by Hong Kong's Securities and Futures Commission under Type 1 (Dealing in securities) and Type 7 (Providing automated trading services), along with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence. As a leading virtual asset trading platform, HKVAX aims to be a key global player in virtual finance, headquartered in Hong Kong.

Beyond OTC trading, exchange, and custody services, HKVAX focuses on Security Token Offerings (STO) and Real-World Asset (RWA) tokenization. It combines traditional finance with blockchain technology to serve institutional and professional investors.

HKVAX prioritizes security and compliance, it actively cooperates with regulators to promote industry standards and forms strategic alliances with brokers, Money Service Operators (MSOs), Exchange Traded Fund (ETF) issuers, and other platforms to build a compliant virtual asset ecosystem. Through these efforts, HKVAX drives Hong Kong's financial innovation and advances the global virtual asset market.

For further information, please visit: www.hkvax.com

Il Dottore Commercialista di Mola di Bari evidenzia la positività della proposta dell’amministrazione finanziaria: per attuarla pienamente fondamentale posticipare la scadenza del 31 ottobre

Mola di Bari, 21/10/2024. Secondo i dati del Ministero delle Finanze rilasciati nel mese di ottobre, nel 2024 le entrate tributarie segnano un record pari a a 380,3 miliardi di euro, ben 23,3 miliardi in più rispetto al periodo gennaio-agosto 2023. La crescita è dovuta in particolare alle imposte versate dalle partite Iva, che in Italia ammontano a circa 5 milioni, una media superiore a quella europea. “L’agognata pax fiscale auspicata da utenti e operatori del settore potrebbe trovare luce se venisse rafforzato il dialogo tra l’amministrazione finanziaria e i possessori di partita Iva, ampia categoria di contribuenti che ogni anno versa nelle casse dello Stato cifre dall’alto valore aggiunto”, spiega Gianni Furio, Dottore Commercialista in Mola di Bari. Ed in riferimento ai redditi da dichiarare per il 2024 e il 2025, approfondisce il Dottor Furio, l’amministrazione finanziaria ha provveduto a proporre un concordato preventivo biennale basato sugli ISA, Indici Sintetici di Affidabilità, istituiti per favorire l’emersione spontanea delle basi imponibili e stimolare l’assolvimento degli obblighi tributari da parte dei contribuenti proprio attraverso l’utilizzo di forme di comunicazione preventiva rispetto alle scadenze fiscali. “Possiamo definire la proposta una isolata, seppur molto positiva, goccia nell’oceano a livello di programmazione fiscale che, se ben gestita, permetterebbe di far emergere ulteriormente l’evasione fiscale e, ancor di più, favorire chi segue le regole”, sottolinea Furio. “Tuttavia, la scadenza al 31 ottobre rende quantomai complicate le tempistiche e rischia di inficiare la bontà del provvedimento. È fondamentale una proroga delle scadenze, che metterebbe in condizione di operare al meglio sia i contribuenti che gli esperti del settore”. Ma perché è importante la proposta di concordato preventivo? “Partiamo dal presupposto che da tanti anni non si riceveva una soluzione di questo tipo”, ricorda Furio. “Questa può essere valorizzata come operazione di vera compliance preventiva da parte dello Stato, ma per darle sostanza è necessario che si svolga in tempi e modi ragionevoli”. In poche parole, una grande opportunità per il sistema tributario italiano, con alcune criticità auspicabilmente risolvibili. “Ciò che non si deve mai perdere di vista è quanto asserito nell’art. 53 della Costituzione in riferimento alla capacità contributiva”, mette in luce Dottor Furio. “Il vero successo della compliance dovrebbe prevedere meno utilizzo di algoritmi, spesso distorsivi della realtà e maggiore ascolto e comprensione delle singole fattispecie dei singoli lavoratori autonomi in possesso di partita Iva”.

CONTATTI: https://www.linkedin.com/in/gianni-furio-42595730/