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,…
Hong Kong authorities have defended a controversial subsidy cut for the kindergarten sector for the coming financial year, saying the low birth rate and resultant shrinking pupil population have prompted a reassessment of education policy priorities. Secretary for Education Christine Choi Yuk-lin said on Friday that the government would channel more resources towards promoting “high-quality…
A standoff between one of Silicon Valley’s most prominent artificial intelligence companies and the United States military came to a head this week, with Anthropic CEO Dario Amodei refusing to bend to Pentagon pressure over how its AI technology can be used in national security operations, essentially for AI-guided weapons imn war. Anthropic CEO Dario…
Hong Kong will establish the first national manufacturing innovation centre outside mainland China and a high-level steering committee to spearhead AI development, the finance chief has said, as the city seeks to align with the country’s 15th five-year plan. Financial Secretary Paul Chan Mo-po also unveiled a citywide artificial intelligence (AI) literacy drive in Wednesday’s…
The year of the fire horse, which began on February 17th, is hardly galloping along for many Chinese. A property bust and chronic deflation have eroded people’s assets, incomes and prospects. Residential property, where Chinese people store the bulk of their wealth, has lost a fifth of its value on average since 2021. Wage growth…
NEWYou can now listen to Fox News articles! FIRST ON FOX: As Washington tightens export controls to preserve America’s artificial intelligence edge, top AI firm Anthropic alleges three China-based AI laboratories found another way to access advanced U.S. capabilities. The U.S. firm alleges DeepSeek, Moonshot AI and MiniMax used roughly 24,000 fraudulent accounts to generate…
Hong Kong must exercise fiscal prudence, carefully weighing social needs while maintaining adequate reserves to guard against unforeseen circumstances, the finance chief has said as he outlined the principles of the budget he will deliver on Wednesday. Financial Secretary Paul Chan Mo-po on Sunday also revealed the purple cover of the coming 2026-27 budget, saying…
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…
Hong Kong’s annual Filmart industry platform marks its 30th edition March 17–20. Before diving into how this year’s event plans to help chart the future of global entertainment, it’s worth reflecting on where things stood at its 1997 debut — and how much has changed since. Filmart launched in June 1997, just weeks before Hong…
The world is approaching an unprecedented stage of artificial intelligence development where systems could coordinate actions at superhuman speed, offering both transformative benefits and serious risks for humanity, Anthropic CEO Dario Amodei said on Thursday. CEO and co-founder of Anthropic, Dario Amodei, spoke at the India AI Impact Summit, warning of the dangers associated with…