The Hong Kong Investment Corporation (HKIC) earned HK$2.34 billion (US$300.7 million) in investment income last year, as the city’s wholly owned investment vehicle made an impressive report after its first year of operation. HKIC posted HK$2.25 billion in operating income for the year that ended on December 31, on HK$64 billion in total assets, while…
Thousands of mourners poured into Tai Po on Sunday, forming a solemn river of remembrance for the 146 lives lost in Hong Kong’s deadliest fire in more than seven decades, while Beijing called for unity and healing as a massive rescue and recovery operation continued amid the charred ruins. The scale of the calamity was…
Hong Kong’s “top priority” is to resettle residents displaced by the Tai Po fire so they can get through the winter, Financial Secretary Paul Chan Mo-po has said, as the city’s major monetary and banking authorities roll out measures to ease their immediate financial burdens. On Sunday, Chan highlighted the banking industry’s emergency support measures…
The death toll from Hong Kong’s deadliest fire in seven decades climbed to more than 100 on Friday as the government announced a three-day official mourning period from Saturday for victims of the blaze. National and Hong Kong flags at all its buildings and facilities will fly at half-mast until Monday, with officials cancelling all…
Hong Kong’s finance chief courted Italian companies on Thursday to go public on the city’s stock exchange, which would allow them to tap into mainland Chinese liquidity and solidify their presence in Asia. Addressing the Trade Development Council’s “Think Business, Think Hong Kong” symposium in Milan, Financial Secretary Paul Chan Mo-po highlighted the deepening ties…
Hong Kong enterprises have “high hopes” that a visit to Saudi Arabia as part of a high-powered delegation led by the city’s finance chief will help strengthen ties with the country and expand their business in the Middle East. Financial Secretary Paul Chan Mo-po will depart for Riyadh on Monday to attend the 9th Future…
American business leaders are looking to use Hong Kong as a “springboard” for tapping markets in China and Asia despite geopolitical tensions amid a wider reassessment of the mainland’s technological innovation, the city’s finance chief has said. Reflecting on his trip to New York and Washington last week, Financial Secretary Paul Chan Mo-po also said…
Financial Secretary Paul Chan Mo-po addresses the opening of the Routes World 2025 in Hong Kong on Sept 25, 2025. (PHOTO / HKSAR GOVERNMENT) Hong Kong’s financial market has performed strongly this year, with funds raised through initial public offerings reaching HK$150 billion ($19.3 billion), cementing the city’s position as the world’s top destination for…
Hong Kong’s finance chief has anticipated improving market sentiments after downward trends in the retail, catering and property sectors show signs of stabilising, and the prospect of an interest-rate cut cycle emerging. Financial Secretary Paul Chan Mo-po said on Sunday that authorities had been paying attention to the slow recovery of the retail and catering…
The Northern Metropolis has moved to a new stage following a raft of game-changing initiatives to fast-track development. While the government is to be commended for pushing ahead with the megaproject, the pursuit of speed and efficiency must not come at the expense of standards and scrutiny. Proper monitoring and safeguards remain essential as officials…