Chinese Vice-Premier Ding Xuexiang has urged Hong Kong’s legislature to deliver more “practical outcomes” that align with the city’s actual conditions and meet Beijing’s expectations under the executive-led governance system. Emphasising the importance of the executive-led system for the second day in a row, the state leader reiterated on Saturday that its implementation was not…
In a financial affairs panel meeting, Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, said the government would submit a bill to the Legislative Council within the first half of this year that would make more products that family offices and funds invest in eligible for tax exemptions. These include private credit, gold…
A “relatively flexible” legal framework for Hong Kong’s Northern Metropolis will be introduced to the Legislative Council in late March to fast-track the megaproject’s development, a minister has said. Secretary for Development Bernadette Linn Hon-ho shared the update on the planned framework on Sunday, days after the city’s latest budget sought to allocate HK$30 billion…
Some anxious residents of fire-ravaged Wang Fuk Court have urged Hong Kong authorities to help them climb stairs using makeshift aids when they return to their high-rise homes to collect personal belongings next month. Some lawmakers also proposed on Saturday that the government deploy wearable walking robots, stair-climbing trolleys or wheelchairs to assist elderly residents…
Hong Kong authorities are open to supporting universities in issuing bonds to fund the development of the proposed University Town in the Northern Metropolis, with lawmakers calling for a dedicated approval and credit rating mechanism. Financial Secretary Paul Chan Mo-po signalled the government’s intention during a meeting of the Legislative Council’s Finance Committee on Thursday,…
Hong Kong will cancel the two-decade-old “A Symphony of Lights” within the year, with the South China Morning Post learning that the fixture will be replaced with immersive projections across various districts to upgrade the city’s offerings. The revamp is among a raft of new tourism measures announced in finance chief Paul Chan Mo-pop’s latest…
The Hong Kong government has produced a consolidated surplus earlier than expected, its first in four years, ahead of a rare transfer into coffers from the Exchange Fund and other sources. Wednesday’s budget pointed to fund transfers of HK$127.83 billion (US$16.35 billion) and an 11.1 per cent jump in government revenues contributing to another surplus…
Hong Kong’s finance chief has set aside HK$30 billion (US$3.8 billion) to kick-start the Northern Metropolis in his latest budget, aiming to accelerate the megaproject through the government’s partnership with developers and tech enterprises. Financial Secretary Paul Chan Mo-po announced on Wednesday that three companies overseeing the Hetao Hong Kong Park, the San Tin Technopole…
Hong Kong’s Fire Services Department has launched an internal review to improve its strategies for tackling large-scale blazes following the deadly Wang Fuk Court inferno, with officers set to examine operational effectiveness and equipment use. Director of Fire Services Andy Yeung Yan-kin said on Tuesday that his deputy for operations, Derek Armstrong Chan, would lead…
Hong Kong’s civil service chief has defended the decision to open up recruitment externally for the role of food and environmental hygiene director, saying the move aims to attract experts who can take the lead in using technology to enforce laws. Secretary for the Civil Service Ingrid Yeung Ho Poi-yan also stressed that anyone hired…