christopherhui
A total of 161 Hongkongers had their money frozen after trying to transfer it from the city to mainland China via Hong Kong’s currency exchange shops in 2023, the government has said. Secretary for Financial Services and the Treasury Christopher Hui disclosed the figure in the Legislative Council on Wednesday, adding that a total of 10.7 million renminbi (HK$11.63 million) was frozen. “With the Customs and Excise Department’s intervention, so far 94 persons requesting for assistance have settled their cases through bilateral negotiation, involving an amount of about RMB6.9 million,” Hui said, ...
Hong Kong Free Press
A rise in Hong Kong’s tobacco tax has not resulted in “rampant” illicit cigarette trading activities, the government has said. Lawmaker Johnny Ng raised questions about tobacco control measures at the Legislative Council (LegCo) on Wednesday, when he cited allegations that the trade of duty-not-paid cigarettes in had “worsened” after the government increased tobacco duty for the first time in a decade in February last year. The increase had upped the typical cost of a pack of 20 cigarettes by HK$12, from around HK$62 to HK$74. It climbed further to HK$96 last month, when finance chief Paul Cha...
Hong Kong Free Press
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