News
A quick look at business news that you may have missed:
1. Hong Kong plan to attract corporate treasury centres
In a bid to compete against Dublin and others, a new initiative by Hong Kong aims to attract corporate treasury centres (CTCs) in a bid to strengthen its role as an international financial centre. This would broaden interest deductions under the 50% profits tax concession and introduce a pre‑approval process, giving companies clarity on tax treatment before setting up.
By simplifying requirements such as complex intragroup interest rules and structural hurdles, Hong Kong aims to attract more mainland and multinational groups to centralise cash, funding and risk management in Hong Kong. This in turn could stimulate high‑value jobs and greater activity across banking, professional services and capital markets. Read the full story in the
SCMP.
2. Exports Grow by 8%
Irish companies supported by Enterprise Ireland increased their exports by 8% in 2025, reaching a record €39 billion. Growth was described as steady across food and drink, manufacturing and technology, with Europe and the UK each taking in more than €11 billion of exports and now accounting for 29% of total exports apiece. North America remained the third-largest market, with exports to the region edging up by 1% to €7.34 billion.
There was particularly strong momentum in the Nordic markets, where exports grew by 39%, driven mainly by high‑tech construction, much of it linked to data centre activity. Around 40% of all high‑tech construction exports by Irish-owned firms in 2024 were tied to data centres, demonstrating Ireland’s growing role in this specialist segment. Read
here for the full story.
3. PM Issues Deepfakes Warning
The taoiseach has issued a warning about deepfakes after a fake video of him was used to promote a financial scam. Micheál Martin said the video circulating online was “clearly very false material” and a reminder of the need to remain vigilant on social media.
In the fake clip, an AI-generated version of the taoiseach, speaking with an English accent, claims that investors of any age can earn €40,000 (£35,000) “with just a phone and €250 (£216)”. Martin has called on social media platforms to stop such content from being uploaded and to remove it as soon as it is detected.
4. Cultúr 2026: Sharing Ireland’s Culture
The Irish government has announced €5 million in funding for a special arts programme to mark Ireland’s Presidency of the Council of the European Union. Cultúr 2026: Sharing Ireland’s Culture will feature concerts, exhibitions and talks celebrating the Irish language and culture, with events taking place in Ireland and across all 27 EU member states from 1 July to 31 December.
Three new commissions will debut in Brussels: an art installation by Richard Malone at the Justus Lipsius building, an opening concert at Flagey, and a Literature Ireland exhibition in the European Parliament. These will be followed by a programme of Irish arts at the Centre Culturel Irlandais in Paris and the presentation of Cotter & Naessens Architects’ Venice Biennale exhibition, Assembly, at Busáras in Dublin. Would be nice for some of these to come over to Hong Kong / Asia as well.
November: Asia Pacific Irish Business Forum 2026 - Hong Kong, China
The Asia Pacific Irish Business Forum 2026 will be taking place in Hong Kong this November during the Asian Gaelic Games. For all Irish Chamber of Commerce HK members, sponsors and associated organisations and business groups, this offers a great opportunity for networking and more. Stay tuned for details in the next newsletters. If you’d like to get involved, please reach out to
info@irishchamber.hk