Last year, China’s outward direct investment climbed 7 per cent to US$174 billion while overseas mergers and acquisitions rebounded to over US$43 billion, up nearly 40 per cent, according to EY data. Clearly, China’s appetite for global deal-making has returned. But the approach has changed. A decade ago, outbound investment was largely asset-driven, shaped by…
The April 24, 2025, photo shows Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone. (LI BINGCUN / CHINA DAILY) HONG KONG – Lenovo Group has launched an AI innovation center at the Hong Kong-Shenzhen Innovation and Technology Park, becoming one of the first major multinational firms to set up in the Hong Kong Park…
Hong Kong should take a more proactive approach to removing barriers hindering the cross-border flow of people, capital, goods and data with neighbouring Shenzhen, analysts have said, as the new leadership of the mainland China tech hub signals a fresh push for deeper integration. The calls for action followed the appointment of Jin Lei, an…
Hong Kong’s Northern Metropolis near the border with mainland China will adopt laws to streamline land approval procedures from nine to two months in a move to speed up its development, the South China Morning Post has learned. Sources told the SCMP that details of the dedicated legislation for the Northern Metropolis would be announced…
Hong Kong should speed up the construction of the Northern Metropolis megaproject near the border with the mainland and the development of a commodity trading ecosystem, according to the draft outline of China’s 15th five-year plan. Other priorities included stronger integration with national development on the economic, technological and social fronts, especially deepening cross-border connections…
In his video address to the conference held in the Hong Kong Science Park, Chief Executive John Lee Ka-chiu said: “We must harness the power of AI, not just to innovate, but to build – to build more inclusive economies, more resilient communities and a more sustainable future for all.” “The Recommendations of the Central…
Hong Kong and Shenzhen are establishing a white list for data transfers as part of an overarching effort to forge closer cross-border ties, which policymakers and business leaders see as essential to unlocking opportunities in artificial intelligence and fintech in the region. “If you have a white list to facilitate the movement of sensitive data,…
Hong Kong and Shenzhen are establishing a white list for data transfers as part of an overarching effort to forge closer cross-border ties, which policymakers and business leaders see as essential to unlocking opportunities in artificial intelligence and fintech in the region. “If you have a white list to facilitate the movement of sensitive data,…
China’s top health official has called on Hong Kong to serve as a key pillar in promoting traditional Chinese medicine globally, as the city’s leader pledged to align local policies with the national development strategy in the field. At a launch ceremony for the Chinese Medicine Hospital and nearby testing institute on Tuesday, National Health…
Hong Kong’s finance chief has pledged to further integrate financial services with technology innovation to foster a thriving ecosystem, following a surge in investor interest in artificial intelligence-related stocks during the first trading day of the year. Financial Secretary Paul Chan Mo-po on Sunday also emphasised Hong Kong’s role as an international capital market in…