Recently, the State Administration of Taxation announced five major tax-related criminal cases on its official website, involving foreign trade export enterprises fraudulently obtaining export tax refunds; medical equipment enterprises falsely reporting R&D expenses plus deductions for tax evasion; shell enterprises violently making false invoices; gas stations stealing taxes; and pharmaceutical enterprises obtaining falsely opening invoices for traditional Chinese herbs and agricultural products. Relevant industries should be warned.

Hong Kong is not only a bridge connecting the Mainland and the world, but also an important springboard for exploring the new blue ocean of global e-commerce. In addition, Hong Kong's supportive and encouraging policies for emerging industries also provide fertile soil for the rapid development of enterprises. I don't think any entrepreneur can resist such a temptation. Therefore, from small start-ups to multinational giants, they have chosen to incorporate their companies here. As at July 2024, there were 80 146 local companies incorporated in Hong Kong alone, which means that an average of 662 companies are set up every day, and almost 27 companies are set up in an hour.