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…
Hong Kong will increase its renminbi usage by issuing more yuan bonds and settling some government expenditures, paving the way for mainland Chinese investors to use the currency to trade locally listed stocks, a minister has said. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on Thursday the move would address the…
The Hong Kong Monetary Authority (HKMA) is set to encourage more mainland banks to set up regional headquarters in the city, while the local bourse operator plans to enhance the listing regime, as the government aims to fortify Hong Kong’s position as an international financial centre, according to Chief Executive John Lee Ka-chiu. In his…
President Xi Jinping’s speech marking the 80th anniversary of China’s victory over Japan in World War II serves as a “wake-up call”, Hong Kong’s finance chief has said, as he laid out how the city is bolstering its role as a “superconnector” amid geopolitical challenges. Financial Secretary Paul Chan Mo-po said on Sunday that the…
Hong Kong is set to sign a deal with the World Intellectual Property Organisation (WIPO) on Monday to pave the way for sharing relevant court judgments with the United Nations agency, the city’s finance chief has revealed. Financial Secretary Paul Chan Mo-po on Sunday also highlighted the importance of intellectual property as an emerging high-value…
More than a dozen CEOs and top-level executives in Hong Kong are taking a crash course in AI with the help of a non-profit to equip them with the skills to help 5,000 secondary school students learn the essentials of the technology. The CEO training on Sunday was a key component of the AI-5000 Initiative,…
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 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…