A government scheme to lure top-notch talent has brought no losses to Hong Kong, the labour minister has reiterated amid concerns that the system is being abused, saying authorities will reveal more details of the visa renewal by mid-2025. Secretary for Labour and Welfare Chris Sun Yuk-han defended the scheme on Wednesday, weeks after former…
Hong Kong has tightened the criteria of a mega-events fund by requiring organisers to promote tourism and stimulate economic growth, while eyeing more efficient allocation of resources for a targeted 10 large-scale projects per year. The review of the Mega Arts and Cultural Events (ACE) Fund by the Culture, Sports and Tourism Bureau followed controversy…
New and expecting mothers are among those competing to buy a Hong Kong home in the first round of subsidised flat sales since a scheme was revamped to encourage families to have children by providing them priority access to the purchases. Applications for the Home Ownership Scheme opened on Thursday, with those eligible entering a…
Mortgage applications have jumped to the highest levels since July 2022, driven by homeowners seeking to refinance their loans as rates drop. Applications to refinance or purchase a home in the week that ended Sept. 20 rose 11% week over week, according to the Mortgage Bankers Association (MBA). Refinancing applications jumped 20% during that period…