Hong Kong’s finance chief will unveil new measures in his budget to strengthen the city’s growing intellectual property (IP) economy, focusing on nurturing top-tier talent and helping local tech firms evaluate their patents, the South China Morning Post has learned. The initiatives, expected to be announced on Wednesday, come as Financial Secretary Paul Chan Mo-po…
Businesses in Hong Kong remain confident of weathering uncertainties after US President Donald Trump raised global tariffs in response to a Supreme Court ruling that struck down his sweeping levies on imports. The local business sector was convinced that the impact of the new 15 per cent global tariff would be “limited”, echoing the opinion…
A Hong Kong news commentator could face up to seven years in jail if convicted of allegedly posting seditious content online about the deadly Tai Po fire after prosecutors moved his case to the higher District Court. Chief Magistrate Victor So Wai-tak on Monday granted prosecutors’ request to transfer Wong Kwok-ngon’s sedition case from West…
With Hong Kong set to unveil its annual budget, economists have said the city should strengthen its role in pushing the internationalisation of the Chinese yuan as Beijing presses ahead with financial opening while keeping stability firmly in view. From expanding offshore yuan products to using its stablecoin regulations as a sandbox for potential cross-border…
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…
An attack on a Hong Kong man in the Japanese city of Sapporo that triggered travel warnings from Chinese authorities was reportedly caused by a dispute over “dining etiquette”. According to Japanese media this week, a 50-year-old company executive was arrested by local police officers on suspicion of striking the tourist with a bottle on…
Authorities in Hong Kong have expressed concern to the local Japanese consulate after a resident was struck on the head with a beer bottle in Sapporo, and have called on Tokyo to better protect visitors from the city. Thursday’s statement followed a warning issued a day earlier by the Chinese consulate in Sapporo advising nationals…
Hong Kong’s hotels and tourist-area restaurants reported robust business during the Lunar New Year holiday, even as a surge in outbound travel by residents underscored the city’s increasingly visitor-driven festival economy. An industry leader said the city had also seen more mainland tourists partly because of ongoing diplomatic tensions between China and Japan. Hongkongers were…
A Hongkonger has been beaten on the head with a beer bottle while visiting Sapporo, prompting the Chinese consulate in the Japanese city to again warn against travel to the country amid frayed bilateral ties. The consulate said the attack occurred at a restaurant in the early hours of Wednesday and that Japanese police had…
Visitors have started filling campsites along the seashore in Sai Kung near Hong Kong’s famed MacLehose Trail for the Lunar New Year break, with officers patrolling to monitor and prevent littering following previous complaints. At Sai Wan Beach, a picturesque spot popular with tourists on mainland Chinese social media, around two dozen visitors were seen…