Macau’s finance minister has resigned over “personal reasons,” prompting the city’s chief executive to temporarily assume his duties until a new candidate is appointed. The cabinet change took effect on Thursday after China’s State Council approved the removal of Tai Kin-ip from the post of secretary for economy and finance, in accordance with Macau’s Basic…
Hong Kong’s legislature will retain the power to scrutinise boundary changes for the Northern Metropolis megaproject proposed by the executive branch, the city’s development chief has said, addressing concerns over proposed laws to fast-track the scheme. Under proposed legislation comprising six main subsidiary laws designed to remove bottlenecks in the massive scheme near the border…
Singapore’s Prime Minister Lawrence Wong will arrive in Hong Kong on Thursday for a three-day visit, meeting the city’s leader, politicians and businesspeople, and will also examine key sites in the Northern Metropolis megaproject to explore collaboration opportunities. It will be Wong’s first official visit to Hong Kong since he assumed office as Singapore’s fourth…
After the annual “two sessions” in Beijing, it’s clear that Hong Kong policymakers have their work cut out for them. It has been made abundantly clear what is expected of Hong Kong: stop messing around and get on with the national programme. Hong Kong is part of the nation’s plans to move forward. The country…
Hong Kong has adequate safeguards to prevent any misuse of the Exchange Fund, according to the economist known as the “father of the city’s dollar peg”, who called concerns over the government’s decision to draw from the de facto sovereign wealth fund “a little overblown”. John Greenwood said the government’s plan to transfer HK$150 billion…
Hong Kong’s leader John Lee Ka-chiu has pledged to establish a “systematic policy framework” to align development goals with mainland China’s 15th five-year plan, aiming to formulate the city’s own blueprint by the end of the year. The chief executive made the remarks during a steering group meeting on Thursday convened to discuss Hong Kong’s…
A significant portion of flat owners at the fire-ravaged Tai Po estate are inclined to sell their properties to the government as part of a long-term rehousing plan, Hong Kong’s leader has said. Chief Executive John Lee Ka-chiu on Tuesday also pointed out several key challenges in resettling thousands of residents displaced by the inferno…
Beijing’s point man on Hong Kong affairs has called on the city to improve its executive-led governance model, arguing that the legislative and judicial branches should support the government as they perform “on the same stage” rather than undermine one another. Xia Baolong, director of the Hong Kong and Macau Affairs Office, on Monday warned…
The number of foreign and mainland Chinese companies and start-ups in Hong Kong surged by 11 per cent year on year to record highs, the city’s leader has said. At the 19th Asian Financial Forum on Monday, Chief Executive John Lee Ka-chiu highlighted Hong Kong’s “unprecedented achievements” as he announced a cooperation agreement to establish…
Members of Hong Kong’s Housing Authority have urged the government to clarify how a proposal to resettle residents displaced by the deadly Wang Fuk Court fire in Tai Po at a site designated for public rental flats will not impact the thousands currently on the waiting list. They made the call on Monday during a…