At this time of year, Financial Secretary Paul Chan Mo-po’s top priority is finalising the Hong Kong government’s budget for 2026-27, balancing requests for incentives and welfare against calls for a return to fiscal prudence. For decades, budget speeches have followed a familiar structure: a review of past performance, near- and medium-term forecasts, support measures…
Hong Kong aims to develop its “NewSpace” economy by positioning itself as a leading hub for finance, insurance, legal and arbitration services, and materials application in alignment with the nation’s development plan. The Chief Executive’s Policy Unit revealed on Sunday that it had hosted a high-level round table on the space economy last week, inviting…
Chinese authorities recently penalised a foreign vessel for illegally using Starlink within Chinese waters. According to a South China Morning Post report, the satellite-based internet service offered by Elon Musk’s SpaceX – is banned in China and is viewed as a national security threat. In fact, the company has not been given licence to operate…
China seems to be working hard to compete with Elon Musk’s SpaceX. The country is reportedly seeking ways to advance its reusable rocket capabilities through new regulations that would help its commercial space companies access public markets. According to a Reuters report, the Shanghai Stock Exchange recently announced that Chinese companies developing reusable rockets will…
The Long March 12A, China’s first state-owned reusable rocket, made its debut launch on Tuesday morning but the recovery of the first stage was a failure. It was China’s second failed bid this month to return an orbital-class booster, a feat that has so far only been achieved by the US. The reusable rocket, designed…
HELSINKI — China launched the latest in a series of experimental, often opaque satellites Sunday, while the debut flight of the commercial Zhuque-3 faces a delay. A Long March 7A rocket lifted off at 7:20 a.m. Eastern (1220 UTC) Nov. 30 from Wenchang Satellite Launch Center on the southern island of Hainan. The China Aerospace…
The idea that Hong Kong could play a leading role in the global space economy was greeted with scepticism when I raised the possibility with Chief Executive John Lee Ka-chiu earlier this month. However, critics fail to realise that space technologies have permeated many aspects of our lives – from checking the weather and ordering…