Hong Kong pledges HK$500 million yearly to support carers amid ageing population

Hong Kong pledges HK$500 million yearly to support carers amid ageing population

Hong Kong authorities have pledged to allocate HK$500 million (US$64.2 million) annually for recurrent expenditure to support carers, including establishing a high-risk family database and installing accident detection systems. Chief Executive John Lee Ka-chiu made this pledge on Wednesday while delivering his annual policy address, which included a range of measures to tackle the city’s…

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Hong Kong to boost impact investment sector with start-up and innovation focus

Hong Kong to boost impact investment sector with start-up and innovation focus

Hong Kong can take a more active role in the multibillion-dollar impact investment sector by developing a thriving ecosystem that includes more start-ups, offers innovative financial products and upholds world-class standards, the finance chief has pledged. Financial Secretary Paul Chan Mo-po said on Sunday that the initiative was part of the city’s commitment to making…

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Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…

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Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong deepens push into AI, tech to boost its edge over Singapore, Paul Chan says

Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…

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