Hong Kong’s return to the top three in the IMD World Competitiveness Yearbook is more than a statistical milestone; it is a testament to the collective efforts of our entire society. Our government, business, academia and civil society have all played a part in restoring confidence, stability and ambition. This resurgence has not come easily,…
Hong Kong’s restaurant industry is expecting the wave of business closures to continue into the second half of the year with little hope for a quick turnaround, following a string of shutdowns of well-established chains in the city. “We are worried about the overall situation in the second half of the year,” Simon Wong Ka-wo,…
Hong Kong’s restaurant industry is bracing for the wave of business closures to continue into the second half of the year with little hope for a quick turnaround, following a string of shutdowns of well-established chains in the city. “We are worried about the overall situation in the second half of the year,” Simon Wong…
Elderly Hongkongers will be able to use healthcare vouchers for medical services at two hospitals in mainland China’s Zhuhai later this week under a government subsidy scheme, part of a plan to expand the coverage of the project across the border. The Hong Kong government on Monday announced that the Elderly Health Care Voucher Greater…
Hong Kong should maintain its international connectivity and attract talent to speed up its economic transformation, analysts and figures from the commerce sector have said, as they hailed the enactment of the national security law for improving the business environment. Some political analysts also called on government officials to take bolder steps and adopt new…
China’s financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kong’s Faster Payment System (FPS) will be…
China’s financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kong’s Faster Payment System (FPS) will be…
Hong Kong’s coordination office for the National Games is studying whether to adopt a real-name system for tickets at prices ranging from a few dozen Hong Kong dollars up to about HK$500 (US$64). Yeung Tak-keung, head of the National Games Coordination Office, said on Saturday that tickets would be sold from August on a unified…
The Hong Kong government is set to enhance its computing power support for start-ups as part of its ambition to become a leading technology hub, according to the city’s innovation chief, as local start-ups seek global clients at one of Europe’s largest technology shows. Hong Kong planned to establish a new supercomputing centre at Sandy…
Hong Kong’s finance chief expects the tourism sector to make a robust recovery this year, citing the 10 and 18 per cent year-on-year growth in the number of mainland Chinese and international visitor arrivals recorded in the first five months. In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po also said he was…