Hong Kong must stay vigilant in times of peace and drive innovation in economic development, according to a prophecy drawn by the city’s top rural leader during an annual Lunar New Year ritual. Kenneth Lau Ip-keung, chairman of powerful rural body the Heung Yee Kuk, drew a “neutral” stick for Hong Kong at Che Kung…
Hong Kong’s spending should not grow faster than its income, even though the city’s finances are improving, the financial secretary has said, added that the market expects the government to invest more to boost the economy. But Paul Chan Mo-po on Sunday also painted a rosy picture for the city’s retail sector, revealing that sales…
Hong Kong has launched public consultation for the 2026-27 budget, which the finance chief says will focus on how the city can expand its economic development and better integrate into China’s 15th five-year plan. Financial Secretary Paul Chan Mo-po on Wednesday highlighted several key issues for the coming budget, including how the city could further…
Hong Kong, China–(Newsfile Corp. – December 11, 2025) – The highly anticipated International Forum on China’s Economy and Policy 2025, held by the Chief Executive’s Policy Unit (CEPU) of the Hong Kong Special Administrative Region (HKSAR) Government, successfully concluded in mid-November. Themed “Economic Transformations in a Multipolar World”, the Forum delivered a full day of…
In a 1987 article in the Times Book Review, Robert Solow, a Nobel-winning economist at M.I.T., commented, “You can see the computer age everywhere but in the productivity statistics.” Despite massive increases in computing power and the rising popularity of personal computers, government figures showed that over-all output per worker, a key determinant of wages…
There are currently 10 such projects offered by various developers, providing nearly 3,000 beds at the end of last year. The Hong Kong government has loosened up a zoning policy this month, speeding up hotel conversions to student hostels. Centaline Investment bought over a mid-tier hotel last September for conversion into a hostel that will…