Hong Kong budget – Charm

Opinion | How Hong Kong can reimagine its greatest asset: people’s homes

Cs news3 months ago02 mins

Hong Kong’s public finances are crumbling. For decades, the city’s fiscal health relied heavily on land sales. Between 2012 and 2022, land sales contributed an average of 14 per cent of government revenue. However, in 2024-25, land sales plunged to just 1 per cent of revenue, or about HK$6.6 billion (US$848 million), a stark contrast…

Hong Kong SMEs want funding support amid mounting costs, survey finds

Cs news4 months ago03 mins

Hong Kong’s small and medium-sized enterprises (SMEs) are seeking funding support and easier loan access, as rising costs have landed at the top of their list of worries, according to DBS Bank (Hong Kong). Operational costs had become the top concern for 60 per cent of the city’s SMEs, according to the bank’s survey of…