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 authorities have said the first batch of licensed ride-hailing platforms is expected to commence operations by the fourth quarter of this year and floated measures to further improve taxi services as part of the government’s latest transport blueprint. The Transport Department on Friday revealed the 124-page transport strategy blueprint, covering areas including the…
Hong Kong is building a logistics hub for high-value goods, e-commerce and low-altitude economy in the Northern Metropolis mega development project, with authorities set to gauge industry interest in the first site of the cluster this year. The Transport and Logistics Bureau said on Friday that authorities aimed to attract leading logistics firms with tailored…
On a sunny afternoon in late November, hundreds of onlookers gathered beside a picturesque lake near Shanghai as a massive silver drone lifted off silently from the deck of a cutting-edge vessel, marking the dawn of a new chapter for the low-altitude economy in both mainland China and Hong Kong. The demonstration at Dianshan Lake,…
Thousands of passenger and cargo air taxis could be flying across Hong Kong within a decade as the low-altitude economy takes off, according to one of mainland China’s largest drone makers, which hopes to launch operations in the city. AutoFlight senior vice-president Kellen Tse told the Post the electric vertical take-off and landing (eVTOL) aircraft…
The service cuts travel time from Shenzhen to Macao to 15 minutes, and from Shenzhen to Hong Kong to 20 minutes. (PROVIDED TO CHINA DAILY) Shenzhen Shekou Cruise Homeport on Thursday inaugurated cross-boundary helicopter services that shorten the travel time to Hong Kong and Macao to less than 20 minutes, becoming the nation’s first port…
A mainland Chinese drone manufacturer owned by a carmaking giant has revealed that it is eyeing Hong Kong as a future market for its flagship passenger-carrying flying car, as the city embarks on a new phase of developing its low-altitude economy. Aerofugia, a subsidiary of China’s second-largest carmaker, Zhejiang Geely Holding Group, said that Hong…
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 new drone pilot project has cut the delivery time for urgent medical supplies to a Hong Kong hospital on an outlying island by two-thirds, from 65 minutes via ferry to 20 minutes by air. The project, part of the low-altitude economy regulatory sandbox launched by the government in March, was a collaboration between the…
A new “sentry drone” system is expected to help Hong Kong’s low-altitude economy fly high, providing early alerts about navigation signal interference to ensure flight safety and reduce accidents, the transport minister has said. Secretary for Transport and Logistics Mable Chan offered the upbeat assessment in a post on her weekly blog on Saturday, saying…