At this time of year, Financial Secretary Paul Chan Mo-po’s top priority is finalising the Hong Kong government’s budget for 2026-27, balancing requests for incentives and welfare against calls for a return to fiscal prudence. For decades, budget speeches have followed a familiar structure: a review of past performance, near- and medium-term forecasts, support measures…
Hong Kong’s CK Hutchison could find it hard to secure compensation from Panamanian authorities over their decision to nullify its port operation, legal experts have said, noting that the arbitral tribunal it engaged lacks enforcement power and the issuance of damages may depend on the country’s own courts. The conglomerate, led by Hong Kong tycoon…
Pressure from the United States remains a major challenge in CK Hutchison Holdings’ arbitration against Panama and it may take years to resolve the dispute, legal and political experts have said of the continuing controversy over the Hong Kong conglomorate’s ports. The company, led by billionaire Li Ka-shing’s family, said on Wednesday that its subsidiary,…
Hong Kong-based CK Hutchison Holdings, controlled by billionaire Li Ka-shing, risks losing its rights to operate major ports at both ends of the Panama Canal after the country’s Supreme Court ruled its subsidiary’s contract unconstitutional. The decision was announced in a statement posted on the official social media account of the Panama Judiciary on Thursday…
Vanuatu’s leader hopes to strengthen his country’s presence in Hong Kong as the Pacific island nation looks to tap the city’s regulatory expertise, financial markets and investment opportunities. Prime Minister Jotham Napat said on Wednesday that his country had established a “communication mechanism” during his trip to Hong Kong, to improve coordination and deepen ties…
Hong Kong should focus on connecting its capital markets with African financial centres so that companies and Belt and Road Initiative projects on the continent can raise funds in the city, according to a council that advises the government on development strategy. In addition to being a funding source for commercial enterprises and infrastructure projects,…
As China prepares its digital yuan for wider domestic and cross-border use, the global debate has turned again to a familiar question: is Beijing trying to challenge the US dollar’s dominance? But this misses the more consequential point. The significance of China’s digital currency push lies not in substitution, but in the transformation of the…
Planet China: Fourteenth in a series about how Beijing’s trillion-dollar development plan is reshaping the globe—and the natural world. QADIRABAD, Pakistan—Only a few weeks to wrap up a lifetime. The thought crossed Muhammad Imran’s mind and lingered as he prepared in November to depart the country with his family, perhaps for good. Disheartened by Pakistan’s chronic…
A UN agency and a charity established by former Hong Kong leader Leung Chun-ying have agreed to strengthen collaboration on public health projects, following talks in Switzerland. Tedros Adhanom Ghebreyesus, director general of the World Health Organization, met GX Foundation chairman Leung and CEO Emily Chan Ying-yang in Geneva, the charity said in a social…
Traditional Chinese medicine (TCM) manufacturers are gearing up to go public in Hong Kong, aiming to tap the market for international expansion. TCM firms have joined the queue for initial public offerings (IPOs) in the city to test foreign investors’ appetite for their shares. The latest to join the queue are Sichuan Neautus Traditional Chinese…