Hong Kong must maintain cash reserves to cope with geopolitical shocks and support long-term growth, even with a surplus expected in the government’s operating account this year, the financial secretary has said. Paul Chan Mo-po also said on Saturday that the city’s economy outperformed forecasts last year, lifted by strong exports to Southeast Asia and…
Four people injured in Hong Kong’s deadly Tai Po fire remain in hospital in stable condition, while 75 others have been discharged as of Thursday, according to health authorities. A government spokesman said that healthcare staff would continue to provide appropriate treatment and care to the patients from the Wang Fuk Court fire, which claimed…
Hong Kong’s Lunar New Year parade next month is expected to attract 100,000 people, with global toy sensation Labubu and the city’s storied wishing tree being featured on floats in the procession. The Hong Kong Tourism Board, which organises the event, said that eight “distinctive” floats would be displayed at the Kai Tak Sports Park…
Some tenants of a government-subsidised youth hostel in Hong Kong fear having to return to shoebox homes and are scrambling to find alternatives after a private operator announced its shutdown last week. A resident of the BeLIVING Youth Hub in Causeway Bay told the Post on Friday that the hostel’s operator, the Hong Kong United…
Hong Kong’s exports posted their sharpest increase in 22 months, rising 18.8 per cent in November from a year earlier, driven by strong demand for electrical equipment, machinery and appliances, according to data released on Monday. The value of goods exported from the city during the month stood at HK$468.9 billion (US$60.3 billion), according to…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong’s monetary authority will launch a Renminbi (RMB) Business Facility from next month to support banks in offering yuan loans to companies, a move that aims to promote trade finance and direct investment as the city strengthens its role as an offshore yuan hub. “The potential usage of the RMB Business Facility by participating…
Hong Kong police have arrested a 31-year-old man for allegedly possessing the narcotic known as “space oil” after his father reported him to authorities. “Police received a report from the arrested person’s father, stating that the arrested person had shortness of breath and slowed reactions, where he had suspected that the arrested person had consumed…
Hong Kong police have arrested a 31-year-old man for allegedly possessing the narcotic known as “space oil” after his father reported him to authorities. “Police received a report from the arrested person’s father, stating that the arrested person had shortness of breath and slowed reactions, where he had suspected that the arrested person had consumed…