Healthcare sector funds

The Hong Kong Special Administrative Region government last month rolled out a further HK$120 billion (US$15.4 billion) relief stimulus package to prop up the pandemic-ravaged economy and lift economic growth by 2 percent. As a result, the budget deficit for the 2021-22 financial year is expected to reach HK$101.6 billion, accounting for 3.6 percent of the city's GDP, due to the countercyclical measures and the continued rise in recurrent expenditure. The government also offered a list of "sweeteners", including HK$5,000 worth of electronic consumption vouchers for each eligible Hong Kong permanent resident and new arrivals aged 18 or above; cuts in salaries tax, capped at HK$10,000; a 100 percent reduction in profits tax, capped at HK$10,000, that will benefit nearly 130,000 enterprises; an extra half-a-month pay in welfare allowances; as well as low interest rate loans of up to HK$80,000 for the jobless. Delivering the fourth budget of the current-term SAR government, Financial ... » Learn More about Lifting taxes to shore up finances

copper has enthralled market participants as prices have been marching ahead almost every month since testing the lows of Rs 335.95 per kg in mid-March 2020. It is not just about copper which has climbed to record highs of around Rs 737 a kg at MCX, and is trading close to a decade’s high at LME, the entire base metal complex is witnessing a euphoric move driven by optimism about swift economic recovery from the pandemic, vaccine rollouts gathering pace and huge liquidity being pumped into the global economy by major central banks and governments across the globe. The resumption of buying by China after Lunar New Year holidays has further acted as a catalyst for this unabated run in the base metal complex. Copper, the economic barometer, is portraying an affirmative picture as the global economy is stabilizing. Apart from the dramatic increase in liquidity and low interest rate regime favoring prices, the demand for the red metal is primarily led by the strong demand from China as ... » Learn More about Demand for EVs to boost rally in copper and nickel

The Bay Area is primed to add 'global culture destination' to its resume, and the region's leaders are plowing ahead to achieve the goal by 2035. Zhou Mo reports from Shenzhen. The once-buzzing hives of culture and leisure in the Guangdong-Hong Kong-Macao Greater Bay Area have been silenced by the coronavirus, its sweeping attacks gutting museums, galleries, theaters, hotels and restaurants of the visitors who are vital to the life cycle of this reciprocal ecosystem. Without question, the situation is dire. But there is good news. The pandemic will be defeated and when it is, the stage will be set to put in motion a wide-ranging plan that will unleash the region’s potential and see it become a world-class tourism destination, an exchange hub for culture of the East and the West, and Hong Kong strengthened as an international cultural metropolis and tourism hub. The Culture and Tourism Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, released on Dec 30, lays ... » Learn More about A culture of success