Two years after the Audit Commission called out Hongkong Post for its lack of profitability and other failings, the postmaster finally moved to fix a structural expense: staff costs. But the audit report probably wasn’t the main catalyst for change. Rather, it was the fact the government had to ask the Legislative Council for a…
Executives from the world-leading railway vehicle manufacturer said the company aims to use the former airport site as a test bed for an autonomous bus system, and a potential runway for overseas expansion. They added that CRRC intends to use trackless, electric autonomous rapid transit (ART) buses to link Kai Tak to the wider city,…
As the government completes a public consultation exercise to craft the city’s own five-year plan to align with national development, the first of this five-part series looks at key questions, starting with the need for such a blueprint. Economist Heiwai Tang has a line he likes to use on free-market purists: “The market is almost…
Hong Kong’s first five-year plan will be judged not by how many initiatives it assembles. Instead, it will be judged by whether it explains where the city intends to be by 2030 and how it will get there. The consultation document covers the expected ground. It includes the Northern Metropolis; Hong Kong’s roles as an…
Seventy years after a group of young scholars first coined the term “artificial intelligence” at the 1956 Dartmouth Conference, the 2026 World Artificial Intelligence Conference (WAIC) concluded in Shanghai this month at what may prove an equally defining moment. In his keynote address, President Xi Jinping articulated a vision of AI developing in a direction…
Nearly three decades after its return to Chinese sovereignty, Hong Kong is once again at an important crossroads. The recent decision by the United States not to renew “The President’s Executive Order on Hong Kong Normalization” has once again focused international attention on the city’s future. For some, it represents another chapter in the geopolitical…
Hong Kong businesses can leverage Xinjiang’s connectivity with Central Asia to expand into new markets while the city’s financial, trade and professional services can help businesses in the region enter Southeast Asia, according to political analysts. But an economist and a textile industry veteran have warned of potential risks for Hong Kong businesses building ties…
The Hong Kong Jockey Club has urged the city to position the Greater Bay Area as a leading equine hub under its first five-year plan, proposing the formation of a distinctive racing circuit for both mainland Chinese and international tourists. In a submission to the government on Thursday, the club said the equine industry had…
Many mainland Chinese businesses that joined a Hong Kong-led delegation to Central Asia last month are preparing to list in the city to raise capital for global expansion, Chief Executive John Lee Ka-chiu has revealed. At a summit on Tuesday, the city leader stressed that Hong Kong would continue to leverage its role as a…
The Hong Kong stock exchange is drawing a growing number of foreign companies from across Asia and North America that are seeking international capital, as the bourse marks progress in its ambition to be a global magnet for fundraising. The latest firm seeking to join the cohort is Kazakhstan Temir Zholy, the Central Asian nation’s…