Hong Kong’s anti-corruption agency has arrested 33 people on suspicion of defrauding two government technology funding schemes of more than HK$150 million (US$19.2 million). The Independent Commission Against Corruption (ICAC) said on Friday that it had dismantled two syndicates this month and arrested 24 men and nine women aged between 27 and 66, including a…
Hong Kong’s finance chief has pledged to further integrate financial services with technology innovation to foster a thriving ecosystem, following a surge in investor interest in artificial intelligence-related stocks during the first trading day of the year. Financial Secretary Paul Chan Mo-po on Sunday also emphasised Hong Kong’s role as an international capital market in…
Hong Kong is emerging as a neutral hub bridging the technological strengths of East and West while leveraging its robust education and financial systems to drive the next wave of artificial intelligence transformation in businesses, according to PwC executives. As companies worldwide pushed to move AI from isolated experiments to capabilities deployed at scale, not…
Hong Kong’s rail giant has been asked to plan an extension to the South Island line, with construction expected to be completed by 2034, after the city’s key decision-making body gave the green light to proceed with an updated design on Saturday. The Transport and Logistics Bureau said the Executive Council had given the government…
Hong Kong has once again displayed its resilience. The city retained its No 3 ranking in the Global Financial Centres Index, just behind New York and London, while initial public offerings surged eightfold in the first half of 2025. For the first time since 2019, Hong Kong held the top spot in global IPO fundraising….
Cyberport may add some graphics processing units (GPUs) made in China to its Artificial Intelligence Supercomputing Centre in Hong Kong, as the government-run incubator seeks to reduce its reliance on Nvidia chips amid worsening China-US relations, its chief executive said. Cyberport has bought four GPUs made by four different mainland Chinese chipmakers and has been…
Cyberport may add some graphics processing units (GPUs) made in China to its Artificial Intelligence Supercomputing Centre in Hong Kong, as the government-run incubator seeks to reduce its reliance on Nvidia chips amid worsening China-US relations, its chief executive said. Cyberport has bought four GPUs made by four different mainland Chinese chipmakers and has been…
A new drone pilot project has cut the delivery time for urgent medical supplies to a Hong Kong hospital on an outlying island by two-thirds, from 65 minutes via ferry to 20 minutes by air. The project, part of the low-altitude economy regulatory sandbox launched by the government in March, was a collaboration between the…
Hong Kong is set to sign a deal with the World Intellectual Property Organisation (WIPO) on Monday to pave the way for sharing relevant court judgments with the United Nations agency, the city’s finance chief has revealed. Financial Secretary Paul Chan Mo-po on Sunday also highlighted the importance of intellectual property as an emerging high-value…
Seven major insurers, including AIA, AXA and HSBC Life, on Monday signed a pledge and joined a Hong Kong Insurance Authority programme to promote the adoption of artificial intelligence in the sector to enhance the city as a regional AI hub. FWD, Prudential, YF Life, and China Taiping Insurance (HK) also signed the pledge during…