The “Two Sessions” this year affirmed high-quality development as the first and foremost task in building a modern socialist country in all aspects. This will allow Hong Kong’s industrial and business sectors to find new opportunities using their Mainland and overseas networks and connections.
With anti-pandemic measures gradually relaxed or even scrapped, Hong Kong has fully reopened her borders. It is expected to give many industries a much needed boost and put us on the road to full-scale recovery.
The abolition of MPF offsetting arrangement is set to be implemented no later than 2025. Employers and relevant personnel must understand this in the light of the soon-to-be implemented new arrangement and new legislation.
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