Hong Kong can be “more than New York and Silicon Valley combined” by positioning itself as a hub that integrates global financial depth with technological innovation and manufacturing capacity, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said on Friday that Hong Kong had a unique edge over New York and Silicon…
Hong Kong will soon open its first convenience store operated by a humanoid robot as part of the city’s push to integrate AI into everyday life and deepen residents’ understanding of the technology, the finance chief has said. Financial Secretary Paul Chan Mo-po also revealed on Sunday that a high-level government committee dedicated to AI…
Dignitaries, relatives and members of the public gathered on Saturday to pay their final respects to the late Reverend Derek Li Shing-lam, whose son Mo Li Kai-yin – the Hong Kong dancer left paralysed after an accident at a 2022 concert – delivered a heartfelt video tribute thanking his father for his “unconditional love”. For…
Hong Kong Legislative Council president Starry Lee Wai-king has urged officials to respect lawmakers’ dissenting views amid a recent rise in government pushback, stressing that public policies “always have pros and cons”. Speaking at a media gathering on Tuesday, Lee said she had relayed lawmakers’ concerns to the government regarding officials’ recent rebuttals. She described…
Hong Kong’s finance chief has said the Middle East war has played only a limited role in driving up local inflation, noting the city’s service-based economy and stable energy supplies from mainland China have mitigated the effects of external shocks. Briefing the Legislative Council on Monday, Financial Secretary Paul Chan Mo-po said the surge in…
The government’s investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. “Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But…
It’s that time of the year again – tax season, so don’t forget to fill out your return. It’s also the time of the year when the Hong Kong government decides on pay rises for its civil service staff of over 170,000. There’s a well-established system for deciding on pay rises. It includes the pay…
HSBC is targeting an increase in its Hong Kong client base to match the city’s population of 7.5 million, a goal to be driven mainly by international investors, according to its Hong Kong CEO Maggie Ng. Hong Kong has already seen almost 2 million new customers sign up to the HSBC Hong Kong office over…
Hong Kong’s finance chief has called for deeper cooperation and greater dialogue with Europe despite disagreements on some issues, saying engagement is crucial amid growing geopolitical uncertainty. Writing in his weekly blog on Sunday after a five-day trip to France, Belgium and Switzerland, Financial Secretary Paul Chan Mo-po said European political and business leaders were…
The new industrial park under the Northern Metropolis megaproject has attracted strong global interest from companies in environmental and AI sectors, its chairman has said, with plans to provide international education and accommodation facilities. Jeffrey Lam Kin-fung, the newly appointed chairman of the Hung Shui Kiu Industry Park Company, also aims to have the park…