Hong Kong is not just China’s economic sandbox but also a driver of the country’s development, the finance chief has said, calling the city the nation’s international financial centre. Financial Secretary Paul Chan Mo-po said on Monday that Hong Kong must move swiftly to embrace artificial intelligence (AI) and “get empowered” in its use, as…
A proposed high-level committee that will focus on artificial intelligence (AI) could help tech start-ups in Hong Kong mitigate legal and geopolitical challenges, as well as gain access to important databases for model training, market leaders have said. But the experts also told the South China Morning Post on Thursday that the committee, which was…
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock exchange, reported record high annual profit for the second straight year, thanks to higher market turnover and robust listing activity, it said in a stock exchange filing on Thursday. Net profit in 2025 increased 36 per cent to HK$17.75 billion (US$2.28 billion), or HK$14.05…
Hong Kong is betting big on innovation, artificial intelligence and redoubling its focus on its international financial centre role as it aligns its economic future with the country’s development goals, the financial secretary has said while unveiling a budget allocating billions of dollars to these sectors. Paul Chan Mo-po on Wednesday spotlighted the development of…
Hong Kong has begun 2026 with a surge in inbound tourism, welcoming 7.23 million visitors to date, marking an increase of 9.6 per cent compared with the previous year. Financial Secretary Paul Chan Mo-po also said that 1.43 million mainland Chinese visitors were expected during the Lunar New Year holiday, up 6 per cent from…
Hong Kong will promote the deep integration of technological and industrial innovation through opportunities brought by the nation’s blueprint to drive economic growth, the finance chief has pledged, two weeks ahead of the annual budget. Financial Secretary Paul Chan Mo-po on Sunday also said that Hong Kong must better utilise its strengths as an international…
Hong Kong’s spending should not grow faster than its income, even though the city’s finances are improving, the financial secretary has said, added that the market expects the government to invest more to boost the economy. But Paul Chan Mo-po on Sunday also painted a rosy picture for the city’s retail sector, revealing that sales…
Hong Kong has launched public consultation for the 2026-27 budget, which the finance chief says will focus on how the city can expand its economic development and better integrate into China’s 15th five-year plan. Financial Secretary Paul Chan Mo-po on Wednesday highlighted several key issues for the coming budget, including how the city could further…
Hong Kong is accelerating reforms of its financial market by making the sector’s ecosystem more resilient and comprehensive, a minister has said, as the city grapples with geopolitics and a rapidly changing technology-led global landscape. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong would take a two-pronged approach by strengthening its…