Hong Kong’s leader has delivered a comprehensive policy blueprint pushing for further economic reforms by expediting key infrastructure projects and doubling down on the city’s competitive strengths, while also improving livelihoods, notably charting more paths to home ownership. In a wide-ranging speech that left no stone unturned, Chief Executive John Lee Ka-chiu vowed to entice…
The Hong Kong Monetary Authority (HKMA) is set to encourage more mainland banks to set up regional headquarters in the city, while the local bourse operator plans to enhance the listing regime, as the government aims to fortify Hong Kong’s position as an international financial centre, according to Chief Executive John Lee Ka-chiu. In his…
Authorities are looking into boosting tokenised gold trading in Hong Kong as a step forward to becoming the world’s first such settlement centre and shielding the city against US-dollar dominance amid rising geopolitics, the Post has learned. Sources said Chief Executive John Lee Ka-chiu was expected to enhance efforts to build up Hong Kong into…
The spotlight will be on Hong Kong Chief Executive John Lee Ka-chiu on Wednesday, with his fourth annual policy address expected to boost a sluggish economy, battle deep-rooted livelihood issues and win Beijing’s approval all in one go. Just one day before Lee’s policy blueprint is unveiled, the Post shares what it has learned about…
The operator of a top international school in Hong Kong has revealed it plans to negotiate soon with the institution’s US co-founder to seek an out-of-court settlement in response to a lawsuit over allegations it breached an operating agreement by only serving the rich. The senior management of Hong Kong International School (HKIS) told the…
Some readers might not know Hong Kong had an election a little over a week ago. And that’s OK, because most of us aren’t part of the 3,631 voters eligible to take part in the Election Committee subsector by-elections, held on September 7. The election achieved a phenomenal voter turnout rate of 97.33 per cent….
Hong Kong’s leader will exhaust all means, including leveraging legal, administrative and private sector efforts, to speed up development of the Northern Metropolis megaproject near the border with mainland China, the Post has learned. Measures being considered include setting up a company as a vehicle to attract industries more efficiently, adopting mainland construction standards and…
Hong Kong’s leader and his team will wear a tie and silk scarf that symbolise the city’s role in bridging mainland China with the world when he delivers his fourth policy blueprint on Wednesday, as he explained his philosophy in a video partly created using AI technology. The different designs were conceived by instructors and…
Hong Kong’s leader will introduce a mechanism to hold senior civil servants accountable for their misconduct in his policy blueprint, targeting incidents such as a recent bottled water supply scandal, the Post has learned. But political observers have warned of a possible pushback from civil servants concerned about job security, while recommending the government implement…
Hong Kong authorities are set to tighten controls on employers seeking to import labour following complaints of local employees being replaced under the scheme, with such measures to be proposed in the city leader’s policy address, the Post has learned. Government sources said that authorities would roll out more public works projects to increase jobs…