A new research institute in Hong Kong is set to ramp up efforts to develop “AI for all” as early as this month, mapping out a strategy to strengthen the government’s capabilities while ensuring all residents and sectors benefit from the technology, a senior official has said. Permanent Secretary for Innovation, Technology and Industry Kevin…
Nearly a quarter of Hong Kong companies are expected to widely adopt AI this year, a threefold increase from a year ago, while a growing number of business leaders believe the technology will result in smaller headcounts, a survey has revealed. Professional services firm KPMG released the Hong Kong Employment Outlook 2026 on Wednesday, with…
Hong Kong’s initiatives to develop an intellectual property (IP) economy remain loosely defined and will require sustained investment and clearer coordination to take shape, industry players and analysts have said, following the latest budget outlining plans to turn the city into a regional IP trading hub. Financial Secretary Paul Chan Mo-po said in his budget…
Hong Kong’s retail sales jumped by nearly 12 per cent in the first two months of 2026 against a year ago, with authorities pointing to growth in the local economy and a surge in tourists. Provisional figures released by the Census and Statistics Department on Wednesday showed retail sales reached HK$35 billion (US$4.47 billion) in…
The electronic platform of the Mandatory Provident Fund (eMPF) will cut administration fees for 378 investment funds by more than 21 per cent from April 1, the pension regulator said on Tuesday, adding that this will achieve its cost-saving target of HK$50 billion (US$6.4 billion) in less than 10 years. Financial Secretary Paul Chan Mo-po…
Hong Kong will implement the revised HK$2 (26 US cents) transport fare scheme next Friday, under which elderly and disabled residents will only enjoy the flat rate for journeys costing HK$10 or less. Authorities said on Monday that the new “HK$2 flat rate or 80 per cent discount” model would be implemented on April 3….
Hong Kong’s finance chief has pledged to support the regional and global transition to a green economy by leveraging the city’s role as an international financial centre and a developing innovation and technology hub. Speaking at the China Development Forum in Beijing on Sunday, Financial Secretary Paul Chan Mo-po said Hong Kong could contribute to…
Tech giant Google will gradually roll out its generative AI services to all users in Hong Kong starting with the Gemini web app before introducing a mobile version for the chatbot and virtual assistant. The move is expected to eliminate the barriers that previously forced many residents to use virtual private networks (VPNs) or third-party…
Hong Kong Exchanges and Clearing (HKEX) has unveiled its biggest listing reforms since 2018, broadening its special listing regime for innovative companies and opening the door for smaller and more diverse firms to list in the city, the bourse operator said on Friday. HKEX proposed lowering the minimum threshold for companies to list under the…
Hong Kong’s fresh graduates are facing increasingly challenging career prospects, with 69 per cent of job sectors recording their fewest vacancies in six years, a trend experts attribute to the rise of artificial intelligence (AI) and a sluggish economy. Figures from the Joint Institution Job Information System, a centralised online job information platform shared by…