More than 682,000 mainland Chinese visitors entered Hong Kong during the first three days of the “golden week” holiday, with arrivals on Friday setting a new post-pandemic record, the finance chief has revealed, as he pledged to strengthen infrastructure to make every part of the city a tourist destination. A total of 682,114 mainland visitors…
A Beijing-based artificial intelligence (AI) solutions provider is preparing to list in Hong Kong and set up its international headquarters in the city, a minister has said, while vowing to attract more creative enterprises that have adopted innovation and technology-based strategies. The announcement from Financial Secretary Paul Chan Mo-po on Sunday confirmed an earlier Post…
A Beijing-based artificial intelligence (AI) solutions provider is preparing to list in Hong Kong and set up its international headquarters in the city, a minister has said, while vowing to attract more creative enterprises that have adopted innovation and technology-based strategies. The announcement from Financial Secretary Paul Chan Mo-po on Sunday confirmed an earlier Post…
Hong Kong will soon announce guidelines on the development and application of artificial intelligence (AI), the city’s innovation chief has said. Secretary for Innovation, Technology and Industry Sun Dong revealed the move on Sunday after last week saying more than 70 government departments would use a locally developed ChatGPT-style AI tool powered by DeepSeek’s data…
Hong Kong’s finance chief has rejected suggestions that his proposal to charge drivers as they cross the border into mainland China will hinder integration efforts, but he has left the door open to discussions on the fee amount. Paul Chan Mo-po insisted on Saturday that the proposed fee for drivers of private vehicles, one of…
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong Financial Secretary Paul Chan Mo-po is delivering his budget speech at 11am on Wednesday and is expected to announce…
Hong Kong will follow a strategy of “fiscal consolidation”, with the government “strictly controlling” public spending to address the deficit even as it seeks to improve services related to residents’ livelihoods, the finance chief has said. Three days before he is set to deliver his 2025-26 budget speech, Financial Secretary Paul Chan Mo-po on Sunday…
The removal of property curbs a year ago has failed to support home prices, as the market value of private residential properties in Hong Kong was down by HK$480 billion (US$61.7 billion) since February 2024, Centaline Property said on Thursday. The withdrawn measures included the Buyer’s Stamp Duty that targeted non-permanent residents and a New…
Hong Kong’s finance chief has vowed to press on with the Northern Metropolis megaproject by issuing bonds to fund the plan, insisting that the policy is a step in the right direction for the city’s long-term development despite a looming budget deficit. Financial Secretary Paul Chan Mo-po also said that the development of the scheme…
Hong Kong’s finance chief has vowed to press on with the Northern Metropolis megaproject by issuing bonds to fund the plan, insisting that the policy is a step in the right direction for the city’s long-term development, despite a looming budget deficit. Financial Secretary Paul Chan Mo-po also said that the development of the scheme…