Hong Kong’s fresh graduates are facing increasingly challenging career prospects, with 69 per cent of job sectors recording their fewest vacancies in six years, a trend experts attribute to the rise of artificial intelligence (AI) and a sluggish economy. Figures from the Joint Institution Job Information System, a centralised online job information platform shared by…
As innovations arise from the artificial intelligence, robotics and biotechnology sectors, holders of family capital from around the world will convene in Hong Kong to discuss such investment opportunities at the city’s fourth annual Wealth for Good Summit on March 23 and 24. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the…
China’s National People’s Congress on Thursday approved a new five-year plan for 2026-2030, which will see Beijing accelerate the development of key technologies including semiconductors and artificial intelligence (AI). Adopted at the closing session of the annual meeting, the plan prioritizes sectors such as robotics and biotechnology as part of China’s push to strengthen its…
I am not sure everyone in Hong Kong has taken fully on board the breadth and depth of the city’s intended role in the future economic development of the nation. It is right there in the budget speech delivered by Financial Secretary Paul Chan Mo-po, and it is being fleshed out in the 15th five-year…
Insider Brief China’s new five-year policy blueprint prioritizes artificial intelligence and quantum computing as central technologies for economic growth, scientific leadership, and strategic competition. The plan calls for expanded investment in scalable quantum computers, the development of an integrated space-earth quantum communication network, and large computing infrastructure to support advanced AI systems. Officials also outlined…
Hong Kong Baptist University is “actively considering” issuing bonds to finance its future development, including campus redevelopment and its new Chinese medicine hospital, according to its president. But Professor Alexander Wai Ping-kong also told the South China Morning Post on Thursday that the public institution would be cautious with bond issuance to avoid creating pressure…
Every few months, another headline announces that artificial intelligence (AI) is poised to “disrupt” the legal profession. Lawyers, we are told, will soon be replaced by algorithms. Judges, apparently, are next, with some recent research suggesting that machines are more “accurate” in following established legal principles than human judges. While disruption will surely come, suggesting…
For years, many in Washington and Silicon Valley believed the United States led in artificial intelligence, while China focused mainly on putting the technology to use rather than shaping its cutting edge. In her new book, The New Tech Titans of China, technology journalist Rebecca A. Fannin argues that this assumption no longer holds. The book tracks the rise of…
OpenAI Chief Executive Officer Sam Altman said that the company’s rush to forge a deal with the Defense Department — following a clash between the Pentagon and AI rival Anthropic PBC — looked “opportunistic and sloppy.” In his post, Sam Altman said his company was hasty in making its deal with the Pentagon. (AFP file…
HSBC, the largest lender in Europe and Hong Kong by assets, has signalled for the first time its intent to engage with the city’s forthcoming stablecoin regime, citing Hong Kong’s sound regulatory environment and its potential to drive innovation in the digital asset space. “We are interested in every part of Hong Kong’s innovation landscape,…