Hong Kong’s top decision-making body has held 25 per cent fewer meetings in the first 3½ years of the current administration compared with the previous two governments, the South China Morning Post has found, with the group’s secretariat urging the public to focus on “outcomes of the work” rather than on the number of gatherings….
Hong Kong must maintain cash reserves to cope with geopolitical shocks and support long-term growth, even with a surplus expected in the government’s operating account this year, the financial secretary has said. Paul Chan Mo-po also said on Saturday that the city’s economy outperformed forecasts last year, lifted by strong exports to Southeast Asia and…
Hong Kong’s rail giant has sold its first-ever Australian dollar-denominated green bonds for a record A$2 billion (US$1.4 billion) to fund environmentally friendly projects, marking the country’s largest order book. The bonds, issued in two equal tranches, were oversubscribed more than sixfold by a variety of investors, the MTR Corporation said on Tuesday. The offering…
Hong Kong’s leader has vowed to expedite the growth of innovation and technology (I&T) across the product development cycle by streamlining the path from lab to market, including using a “dual-engine” strategy that partners with the finance industry. Chief Executive John Lee Ka-chiu made the pledge at a ceremony on Thursday that marked the 10th…
Hong Kong has allocated land within its Northern Metropolis to build venues for elite fencing, other sports and recreation, with observers saying the initiative must balance top-level athlete training with convenient access for residents. In a written reply to lawmaker Kenneth Fok Kai-kong on Wednesday, Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui confirmed…
Hong Kong should expand its annual marathon into a two-day race and add more diverse routes to attract more participants and boost the city’s mega-event economy, two lawmakers have said. They also said on Monday that organisers of the Standard Chartered Hong Kong Marathon could design routes through less urbanised areas, such as Kai Tak…
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…
Hong Kong’s young adults are being pushed off the housing ladder, with the proportion of subsidised homeowners aged 30 to 39 nearly halving to 16 per cent over the past two decades, and a mid-sized private flat now costing more than 18 years of an average household’s combined income, a study shows. The “Hong Kong…
One of Hong Kong’s largest developers, Sun Hung Kai Properties (SHKP), has entered into a land deal worth around HK$1.4 billion (US$179.5 million) with the government for a site in Kwu Tung South, setting up one of the biggest housing projects in the Northern Metropolis. The company said on Monday that the site could yield…
If Hong Kong’s Transport Department couldn’t see that road signs needed to be at eye level when it opened the Yau Ma Tei section of the Central Kowloon Bypass, it makes sense that it couldn’t anticipate the increased demand for test-free driving licences with the launch of the southbound travel scheme. Under the scheme, drivers…