Hong Kong should reassess its demand for land, taking into consideration structural economic changes and the government’s operating budget deficit, a leading finance policy adviser and a veteran surveyor said as the city leader dismissed his predecessor’s concerns about oversupply. Professor Liu Pak-wai, a director at the Hong Kong Institute of Monetary Research under the…
Horse racing in Hong Kong is well ahead both as a sport and attraction for tourists. Racing organisers are now spurring on the city with news that the sector is set to collect again on its global reputation for equine excellence that has outpaced most similar operations overseas. Jockey Club chief executive Winfried Engelbrecht-Bresges said…
A more liberal exchange of capital between the mainland and Hong Kong should be facilitated to enhance the city’s international competitiveness and allow China to participate more freely in the world’s markets, panellists told the China International Finance Forum on Wednesday. “We need stronger policy initiatives to support freer capital flow between Hong Kong, the…
He is coming into office with the unreserved support of the world’s richest man, according to the Bloomberg Billionaires Index – tech mogul Elon Musk – who has just been named to lead a new department of efficiency. The massive power Trump now wields has sent shock waves across the US and around the world….
Beijing’s foreign ministry’s arm in Hong Kong is conducting a “rare” survey among diplomats in the city to find out whether they have faced obstacles reaching local and mainland Chinese authorities, the Post has learned. One European diplomat described the outreach as part of a “style change” by the Beijing office that involved closer supervision…
Macau should bring in more overseas travellers instead of relying on mainland Chinese to fulfil Beijing’s vision of the gambling hub becoming an international cosmopolitan centre, one of the casino city’s most prominent billionaires has said. MGM China chairwoman and executive director Pansy Ho Chiu-king outlined ways on Saturday the city could answer the call…
A university in Hong Kong has revealed that it has recruited nearly 100 overseas and mainland Chinese scholars since launching a talent acquisition drive two years ago. The University of Science and Technology (HKUST) said on Tuesday that the recruitment would boost its efforts in teaching, research and innovation across different strategic areas. One of…
One of the “brightest financial minds” at Beijing’s sovereign wealth fund is set to join the central government’s liaison office in Hong Kong, according to sources. Qi Bin, 57, vice-president and deputy chief investment officer with China Investment Corporation (CIC), is expected to arrive in Hong Kong this week. He is likely to become a…
Hong Kong’s legal system has demonstrated “strong resilience” to external threats and slanders, a senior Beijing official has said, calling on the city to strengthen its competitiveness and contribute more to global governance. Cui Jianchun, head of Beijing’s foreign ministry arm in Hong Kong, also said on Tuesday the rule of law was the city’s…
Hong Kong should use its unique status as the only Chinese city that practises common law to bolster its “springboard” role in connecting the country with the rest of the world, a senior Beijing official has said. Cui Jianchun, the head of the foreign ministry’s office in Hong Kong, on Monday also dismissed as “rumours…