Hong Kong leader John Lee Ka-chiu has chaired the first meeting of a high-level counterterrorism group, later announcing that a large exercise to simulate terrorist attacks on critical infrastructure will be held this month. The Chief Executive Counter-terrorism Steering Group discussed the progress of various groups under a new three-tier mechanism, global and local threats,…
Hong Kong will step up efforts to lure foreign investment and venture into new markets amid geopolitical challenges and trade tensions, as it teams up with mainland Chinese businesses to seize opportunities abroad, the city leader has said. The vow by John Lee Ka-chiu on Sunday came as Financial Secretary Paul Chan Mo-po revealed that…
Hong Kong will step up efforts to lure foreign investment and venture into new markets amid geopolitical challenges and trade tensions, as it teams up with mainland Chinese businesses to seize opportunities abroad, the city leader has said. The vow by John Lee Ka-chiu on Sunday came as Financial Secretary Paul Chan Mo-po revealed that…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
Hong Kong is on track to return to an operating account surplus for the 2025-26 financial year, with the result largely fuelled by a surge in stamp duty income from the city’s robust stock market performance, the finance chief has said. Financial Secretary Paul Chan Mo-po made his prediction of a surplus – set to…
Hong Kong’s government will release a mid-size plot for sale in its fiscal second quarter, continuing its tight grip on land supply as the city’s residential property market grapples with a glut that has forced developers to slash prices to find buyers. A plot measuring 6,500 square metres (70,000 sq ft) at the junction of…
Hong Kong’s stock market stamp duty income is filling the city’s financial coffers at the fastest pace since 2021, amid a bull run on the local bourse that has attracted scores of initial public offerings (IPOs) and fuelled frenzied trading. Duties from transactions and transfers rose to HK$29.69 billion (US$3.78 billion) in the first five…
Hong Kong hopes to host Brazil’s national football team at Kai Tak Stadium, the city’s finance chief has said, as the South American country’s traditional Carnival festival made its debut in the city. Speaking at the opening ceremony of “Extravaganza! When Brazil Meets Hong Kong” on Friday, Financial Secretary Paul Chan Mo-po said the event…
Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in…
Challenges and volatility will persist despite a renewed trade truce between the US and China, Hong Kong’s finance chief has warned, as he outlined his strategy to enable the city to navigate continued geopolitical uncertainties. In a media interview last Friday, Financial Secretary Paul Chan Mo-po also revealed his goal for the city to overtake…