All eyes on Wednesday will be on how the government plans to give a big push to its latest investment darling, the Hong Kong Investment Corporation, its three-year-old vehicle that has yielded impressive early gains. Sources told the South China Morning Post that HKIC would come up as a key highlight in Financial Secretary Paul…
Hong Kong’s coming annual budget must address critical bottlenecks in technology and talent attraction to pave the way for the city’s first five-year development framework in line with national priorities, according to observers. The budget, to be delivered by Financial Secretary Paul Chan Mo-po on Wednesday, is more than a fiscal exercise. It is viewed…
The Year of the Horse is set to bring volatility for the investments of Hong Kong’s 4.8 million Mandatory Provident Fund (MPF) members, following a record-breaking Year of the Snake that ended on Monday, according to analysts. The next zodiac year, which begins on Tuesday, is the seventh in the Chinese lunar calendar’s 12-year cycle,…
TikTok AI videos of Warner Bros.-owned characters like Superman and Batman have been flooding the internet of late, drawing a reaction from the production company. ByteDance’s launch of Seedance 2.0 is a game-changer in AI-generated content creation, prompting numerous AI clips to surface online. The viral videos then caught the attention of Warner Bros. Discovery,…
Artificial intelligence (AI) is unlikely to replace feng shui masters despite a growing trend of people turning to chatbots for fortune-telling, Hong Kong soothsayers have said, warning against blindly trusting such software as it may produce “dangerous” predictions. Feng shui masters told the South China Morning Post that such chatbots, trained on existing datasets, could…
As Hong Kong, mainland China and several other Asian markets usher in the Year of the Horse on Tuesday, the region’s commercial real estate sector is expected to draw increased cross-border capital, with certain segments set to outperform as mega-deals make a comeback, analysts said. Asia-Pacific was set to be a focus among global investors,…
Artificial intelligence (AI) is eroding the very capabilities young professionals need to remain valuable in a machine-automated era. That is the real challenge facing graduates entering the workforce. It is not simply a case of AI destroying jobs – though it is – but that it is undermining our cognitive and interpersonal skills. The numbers…
Hong Kong’s pressing demographic challenges demand tailored, well-considered civil service policies. However, the proposal put forward in recent Legislative Council debates on population policy to raise the retirement age for all civil servants to 65 offers no viable solution to these issues. This one-size-fits-all approach overlooks the civil service’s flexible retirement frameworks and works against…
Hong Kong and Singapore are set to be the biggest winners in attracting new capital inflows as global investors diversify their asset allocations amid geopolitical risks and trade tensions, according to the top executive at DBS Group. The two Asian financial centres would be the best choice for international investors who previously held overweight positions…
Hong Kong and Singapore are set to be the biggest winners in attracting new capital inflows as global investors diversify their asset allocations amid geopolitical risks and trade tensions, according to the top executive at DBS Group. The two Asian financial centres would be the best choice for international investors who previously held overweight positions…