Hong Kong authorities are seeking to inject HK$4.6 billion (US$587 million) into the government-owned postal service provider to sustain its operations for the next three years, following eight years of operating losses and declining mail volumes. A document submitted to Legislative Council on Wednesday by the Commerce and Economic Development Bureau showed a bruising fiscal…
Hong Kong will increase its renminbi usage by issuing more yuan bonds and settling some government expenditures, paving the way for mainland Chinese investors to use the currency to trade locally listed stocks, a minister has said. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said on Thursday the move would address the…
Authorities have received inquiries from 14 Hongkongers in three Middle Eastern countries caught up in the ongoing Israel-Iran conflict, while a travel sector representative has said that tour groups from the city are unlikely to be in affected areas. The Immigration Department said the inquiries received from Hongkongers in Israel, Iran and Jordan were as…