Hong Kong should move beyond a “city-centred” approach that merely seeks Beijing’s policy support and instead take steps to align with national priorities by advancing the internationalisation of the yuan and supporting mainland Chinese enterprises’ global expansion, observers have said as this year’s “two sessions” came to a close. With the annual political gathering ending…
The annual “two sessions” in Beijing are under way, and this year the annual ritual of reading tea leaves in this city has been made easier for politics watchers. That is because Beijing has been blunt about the problems it thinks our city faces. There is the usual praise for the Hong Kong government and…
Escalating geopolitical tensions will not derail Hong Kong’s goal set out in the country’s 15th five-year plan and its efforts to implement the blueprint, former leader Leung Chun-ying has said, describing agility and adaptability as in the city’s DNA. The vice-chairman of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, also…
China isn’t known for its transparency. Unlike Australia, where journalists would have near-daily access to speak with decision-makers and hold politicians to account, those in charge in China are closed-off from public scrutiny. Decisions and policy are all made without the chance for media to question the leaders directly. And any dissent from the public…
Hong Kong can reinforce its role as an international financial centre by deepening integration with mainland capital markets and expanding cross-border investment channels, financial industry leaders said on Thursday during China’s annual “two sessions”. Stronger collaboration between Hong Kong and mainland exchanges would enhance the resilience of the mainland’s financial system while supporting the internationalisation…
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 has taken a significant stride towards cross-border drone flights by teaming up with Nansha in mainland China to develop unified standards, policies and validation pathways through joint tests and trials – an effort that could set a global benchmark. The collaboration follows an accord signed on December 25 between the Hong Kong Productivity…
The State Council has approved draft regulations for implementing China’s new value-added tax (VAT) law, which is aimed at governing the country’s largest source of tax revenue and set to come into effect early next year. The regulations, released for public consultation in August and approved on Friday, outline detailed rules for enforcing the VAT…
Hong Kong’s leader has vowed to turn the city into a leading Asian hub for aircraft recycling and parts trading, with a new locally based training centre set to offer four aviation technician courses next year. The Aircraft Engineering Training Centre was jointly launched on Thursday by the Airport Authority’s Hong Kong International Aviation Academy…
Chinese President Xi Jinping has called on Hong Kong’s leader to proactively align with the 15th five-year plan, while offering his full recognition of the local government’s work as he extended condolences to the families of victims of the city’s deadliest fire in decades. Xi also said on Tuesday that Beijing fully recognised the work…