Hong Kong leader John Lee Ka-chiu has mapped out plans to break the city’s economic bottleneck on several fronts, from the food and pet sectors to the low-altitude and new energy industries and beyond. In his policy address on Wednesday, the chief executive said the latest blueprint served as a road map for the city…
A multiple-entry scheme granting Shenzhen residents unlimited trips to Hong Kong is likely to be expanded this year to cover travellers from other mainland Chinese cities, the city’s sole representative in the nation’s top legislative body has said, while calling for Beijing and Shanghai’s inclusion under the policy. Delegate Starry Lee Wai-king of the National…
Businesses in Hong Kong are gearing up to expand and hire more employees next year amid expectations of higher revenue in a recovering economy, according to a survey by a professional accounting body. More than half of Hong Kong-based executives, accountants and other finance professionals expect a revenue increase at their firms next year, and…
HSBC, the biggest commercial bank in Hong Kong, lowered its prime lending rate for a second time this year, trimming borrowing costs for consumers and businesses. Bank of China’s local unit matched the move, and other lenders are expected to follow suit. The UK banking group will trim its prime rate by 25 basis points…