Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech to small-cap companies. Chinese stocks erased gains after a press briefing by finance and housing ministers. China’s CSI 300 index turned flat after rising as much as 1.3% earlier. A gauge of Chinese property stocks extended losses….
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Le Xia, Chief Economist for Asia-Pacific at BBVA, discusses Hong Kong Chief Executive John Lee’s annual policy address, saying greater access to fund flows and lower interest rates will be positive for the economy. Source link
Hong Kong business leaders have described Chief Executive John Lee Ka-chiu’s latest policy address as a much-needed holistic economic blueprint as the city seeks out fresh growth opportunities, but some stakeholders have criticised efforts to combat subdivided housing as not going far enough. The blueprint covers near-term measures such as easing mortgage lending restrictions, supporting…
Chief Executive John Lee Ka-chiu is doubling down on wide-ranging reforms aimed at improving the economy and people’s livelihood. His determination to overcome the prevailing difficulties and build a brighter future under the national development framework is a positive response to the aspirations of the public and the country. But the challenging geopolitical environment and…
In the era of the hub economy, competitive cities must expand beyond their traditional roles as commercial and financial hubs. As Hong Kong universities rise in global rankings, the question is whether the trend will propel the city into becoming a powerhouse of scientific research and technological breakthroughs. In tech innovation and industry, Hong Kong…
Hong Kong’s tourism policies for the coming year will prioritise attracting high-spending visitors and promoting themed travel in the city, with authorities pressing on with efforts to diversify the sector as well as integrate sports and culture. Chief Executive John Lee Ka-chiu said on Wednesday that the “Development Blueprint for Hong Kong’s Tourism Industry 2.0”…
Chief Executive John Lee Ka-chiu announced an economic reform blueprint on Wednesday aimed at transforming Hong Kong’s traditional sectors such as finance, trade and shipping, and investing in new technology industries, while rolling out a bigger welcome mat for foreign talent and funds. In his third policy address since becoming Hong Kong’s leader, he also…
Wine traders in Hong Kong have said they expect retail prices of high-end spirits to fall after the government slashed the duty on high-alcohol-content liquor with an import price of over HK$200 (US$26). Chief Executive John Lee Ka-chiu announced in his policy address on Wednesday that the liquor tax would be reduced on spirits with…
Hong Kong authorities are set to give an extra HK$5,000 (US$643) a month in subsidies to elderly residents on social security who live in care homes in mainland China, as part of a wider effort to support the underprivileged and encourage retiring across the border. In his annual policy address on Wednesday, Chief Executive John…
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Download our app to get faster notifications. Hong Kong leader John Lee Ka-chiu is delivering his annual policy address on Wednesday. He has said his policy address will focus on reforms aimed at…