Macau’s finance minister has resigned over “personal reasons,” prompting the city’s chief executive to temporarily assume his duties until a new candidate is appointed. The cabinet change took effect on Thursday after China’s State Council approved the removal of Tai Kin-ip from the post of secretary for economy and finance, in accordance with Macau’s Basic…
Hong Kong’s sole legal betting operator and lawmakers were caught off guard by the government’s abrupt decision to suspend the rollout of legal basketball betting, which some believe was intended to align with Beijing’s efforts to curb gambling amid a surge in prediction markets. The government confirmed on Monday that it had suspended its plan…
Events such as Art Basel Hong Kong and ComplexCon helped drive a 14 per cent year-on-year growth in visitor arrivals in March, but the US-Israel war with Iran could bring volatility to the travel market, the Tourism Board has said. The increase contributed to a 17 per cent year-on-year rise in visitor numbers in the…
Beijing’s top official overseeing Hong Kong affairs has concluded his second visit to the Greater Bay Area in three weeks, a move that analysts view as a push from the central government to speed up the city’s integration with national development. Xia Baolong, director of the State Council’s Hong Kong and Macau Affairs Office, was…
Traffic at the Hong Kong-Zhuhai-Macau Bridge reached peak levels during the first two days of the extended holiday, with checkpoint queues sometimes exceeding an hour, raising concerns about whether clearance arrangements can handle surging demand. Passenger flows exceeded 192,000 over Friday and Saturday, while vehicle numbers surpassed 30,000, marking one of the busiest periods at…
Hong Kong’s New World Development (NWD) has shelved plans to acquire the remaining stakes in three commercial sites in Causeway Bay, signalling continued caution among developers despite signs of improving demand in the core office market. The company, which has been selling assets to reduce debt, said it would “exercise prudence as appropriate, having regard…
Beijing’s top official overseeing Hong Kong and Macau affairs has concluded a five-day fact-finding trip to three mainland Chinese cities in the Greater Bay Area to explore ways of deepening the international financial hub’s integration into the national blueprint. The Hong Kong and Macau Affairs Office said that its director, Xia Baolong, had visited Guangzhou,…
The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to Deloitte. The cluster of cities in southern China, which included Shenzhen, spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for…
Hong Kong’s biggest free-to-air broadcaster swung to a profit of HK$59 million (US$7.5 million) in 2025 from a loss of HK$491 million a year earlier, as threefold growth in revenue from the Greater Bay Area helped shake off a streak of annual losses that began in 2018. Television Broadcasts (TVB) said in a stock exchange…
Beijing has selected Zhang Dongmei, a former vice-president of the All-China Women’s Federation, as a new deputy director of the top office overseeing Hong Kong affairs, making her the first woman to take on the role since the body’s status was elevated in 2023. Zhang’s appointment as the new deputy head of the Hong Kong…