Hong Kong’s leader will conduct his annual duty visit to Beijing to meet state leaders on Wednesday, a week after replacing his transport and tourism ministers and pledging to do more during the second half of his five-year tenure. Chief Executive John Lee Ka-chiu will make a four-day duty visit to brief leaders in the…
The Hong Kong government could reduce land sale prices, improve the efficiency of 167,000 civil servants and temporarily freeze their pay as possible solutions to ease the HK$100 billion (HK$12.85 billion) deficit, experts have said, while admitting there are no simple solutions. A day after finance chief Paul Chan Mo-po projected the deficit would more…
Hong Kong’s deficit will more than double to HK$100 billion (US$12.8 billion) in the 2024-25 financial year from the HK$48 billion forecast the previous year, the finance chief has said, with the city feeling the pinch from a property slump and weakened corporate performance. At a meeting of the Legislative Council’s financial affairs panel on…
Hong Kong flag carrier Cathay Pacific Airways’ relaunched direct passenger flights to the Saudi Arabian capital Riyadh will unlock business and travel opportunities between the city and the Middle East despite escalating geopolitics tensions, the financial secretary has said. Paul Chan Mo-po, who is among about 200 passengers on the inaugural flight CX647 scheduled to…
Hong Kong, SAR–(Newsfile Corp. – October 24, 2024) – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region, is visiting the United States (October 22-24), where he delivered keynote speeches at the Bloomberg Global Regulatory Forum on the topic of financial sustainability (October 22) and at a business luncheon (October 23) in New…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…