About 10 artificial intelligence (AI) and biotech companies will be the first to access cross-border data flows under a new pilot scheme, securing an early edge over roughly 100 other firms set up in Hong Kong’s flagship tech hub at the border. Chief Executive John Lee Ka-chiu revealed on Wednesday during the final policy address…
Hong Kong will introduce various tax incentives for new finance and technology industries to attract businesses and reinforce the city’s role as a leading financial hub, the city leader has announced in his policy address. Tax concessions to draw intellectual property (IP) businesses and selected industries to the city were among the new measures Chief…
The first building in the 1,000-hectare (2,472-acre) university town project in the Northern Metropolis will be completed by the end of this year, Hong Kong’s leader has said, revealing that the flagship tower is called Loop Academy One. Announcing Hong Kong’s first five-year plan on Wednesday, Chief Executive John Lee Ka-chiu also revealed the official…
Hong Kong’s new “AI city brain” will not involve personal data and poses no privacy concerns, the city leader has said, adding that the system will also help improve visitor management during “golden week” holidays. Chief Executive John Lee Ka-chiu also stressed on Thursday the importance of AI education and the need to nurture young…
Hong Kong will introduce themed tourism routes showcasing the city’s most recognisable filming locations and explore upgrading Victoria Park’s Centre Court to host higher-level tennis tournaments, as authorities seek to significantly increase the sector’s economic contribution under the city’s first five-year development plan. The 2026-30 blueprint aims to raise the tourism industry’s value added from…
A new visa intended to attract international talent to participate in short-term training programmes in Hong Kong could become available as early as the first quarter of next year, the South China Morning Post has learned. The final policy address of Chief Executive John Lee Ka-chiu’s current term also put the spotlight on five existing…
Hong Kong education authorities will offer a “very attractive” proposal and policy support to encourage schools without survival issues to merge amid the shrinking student population, according to official sources. The government said it might allow aided schools and semi-private Direct Subsidy Scheme (DSS) schools to merge and operate across two campuses, though all arrangements…
Hong Kong’s leader has expressed renewed support for the local media industry, including strengthening its global reach and reviewing the code of practice for television to ensure it keeps abreast with the times. Chief Executive John Lee Ka-chiu made the pledges in both the city’s first five-year plan and the policy address he unveiled on…
Hong Kong will expand the use of the yuan in areas including gold trading and cross-border payments, as policy blueprints call for the city’s biggest push yet to internationalise the Chinese currency. Chief Executive John Lee Ka-chiu on Wednesday devoted part of the city’s first five-year plan and his annual policy address to developing a…
Hong Kong’s inaugural five-year plan will not change the capitalist system and instead fully exploit its advantages to map the city’s long-term development, Chief Executive John Lee Ka-chiu has said. In an opinion piece published in the South China Morning Post on Monday, the city leader also stressed that the blueprint, in focusing on the…