Hong Kong’s heavy investment in public works will keep the capital account in deficit, highlighting the need for bond issuances to fund critical infrastructure and long-term development, the finance chief has said as he revealed the annual budget will be delivered on February 25. Financial Secretary Paul Chan Mo-po also said on Sunday that core…
Despite facing challenges in chip manufacturing, Chinese artificial intelligence (AI) researchers are optimistic about narrowing the technological gap with the United States, driven by an increasing culture of risk-taking and innovation. At an AI conference in Beijing on Saturday, key industry leaders discussed the growing confidence within China’s AI sector, with particular focus on the…
Today’s ESG Updates China Limits Grid Exports for New Industrial Solar & Wind: China is encouraging companies to store green energy. UN Warns that US Climate Exit Will Harm Economy and Jobs: UN Climate Chief Simon Stiell said this decision will backfire on the U.S. UK Firms Lower Wage Expectations, But Inflation Outlook Remains Steady:…
The recent opening of the Hong Kong-Shenzhen Innovation and Technology Park in the Hetao cooperation zone is a defining milestone in Hong Kong’s journey to become an international tech hub. Heralded by Chief Executive John Lee Ka-chiu as a pivotal moment for local innovation, this is more than just a new facility; it marks a…
Venezuelan Manny Reimi was queuing for Hong Kong’s Peak Tram on Saturday with his cousin and her family, whom he had not seen in 15 years, when news broke that the United States had captured Nicolas Maduro, the president of his homeland. The 37-year-old father of two, who relocated from Venezuela to Hong Kong in…
Under the five-year plan called Fintech 2030 that starts this year, the HKMA would expand the scope of the city’s generative AI sandbox to include more industries as a step towards enhancing risk management, fraud detection and customer experience, chief executive Eddie Yue Wai-man told the Post in a written interview. “The diversity of perspectives…
The deal comes just days after the US company’s shares debuted following its initial public offering (IPO), which raised HK$2.28 billion (US$293 million) after the public portion was oversubscribed 1,427 times. The multi-year partnership with Servier, unveiled on Saturday, would make Insilico eligible for up to US$32 million in upfront and near-term research and development…
Hong Kong’s finance chief has pledged to further integrate financial services with technology innovation to foster a thriving ecosystem, following a surge in investor interest in artificial intelligence-related stocks during the first trading day of the year. Financial Secretary Paul Chan Mo-po on Sunday also emphasised Hong Kong’s role as an international capital market in…
Top tech talent in China can expect lavish bonuses for 2025 as big tech firms from ByteDance to Tencent Holdings double down on efforts to retain and lure people with specialised skills in fields such as artificial intelligence. TikTok owner ByteDance expanded its bonus pool by 35 per cent from a year earlier, as well…
Hong Kong authorities have questioned a World Bank report giving the city lower grades for business readiness, saying outdated data has led to unfair comparisons. The digital policy office said early on Tuesday that Hong Kong remained among the top 20 for “operational efficiency” and in the second quintile for “regulatory framework” and “public services”…