In the first of a two-part series on the economy as Hong Kong marks 29 years since its return to Chinese rule, Denise Tsang and Vivian Au look at efforts at transformation, including the city’s bet on the Northern Metropolis, and the challenges ahead. Molly Lam lives alone in a public housing flat in Tsuen…
As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong is on a global talent hunt for its own drug approval body which is expected…
Hong Kong’s leader has announced that a public consultation for the final policy address of the current term will begin on Monday, with the exercise also set to gauge views on the city’s first five-year plan. Chief Executive John Lee Ka-chiu said on Thursday, after meeting tertiary education leaders to discuss the plan, that the…
The Hong Kong government has launched a two-month public consultation for the city’s first five-year plan, marking an important milestone in its development. The blueprint provides the city with a clearer vision for the future and a systematic approach in pursuing further growth under the auspices of the “one country, two systems” framework. It also…
Senior officials from the European Union and Hong Kong are in talks to launch a financial services dialogue in November, with companies from the bloc keen to explore opportunities in the Northern Metropolis, the EU’s top representative in the city has said. Ambassador Harvey Rouse, head of the EU Office in Hong Kong, made the…
“Hong Kong is the only city in the world with five universities ranked among the global top 100.” This talking point has become one of the Hong Kong government’s favourite slogans. It has appeared in government press releases and official speeches, including Chief Executive John Lee Ka-chiu’s policy address last year. Though pleasing to the…
China’s five-year plan responds to “great changes unseen in a century”, prescient words used by President Xi Jinping since 2018. Chinese policymakers have anticipated headwinds in the world system, underscored by the upending of the “rules-based world order” by US President Donald Trump’s “law of the jungle” and a world increasingly threatened by climate change….
Towngas customers are facing higher bills as Hong Kong’s largest piped-gas provider will raise tariffs by 4.4 per cent in August, citing higher operating costs, while pledging no further changes over the next two years. The Hong Kong and China Gas Company (Towngas) said on Thursday that the tariff increase would result in about half…
Hong Kong has ranked as the second-most globally competitive economy – its best performance in seven years – climbing one spot from last year to place behind Singapore. The ranking, released by the Switzerland-based International Institute for Management Development (IMD) on Thursday, put the city ahead of 68 other economies out of 70 surveyed. Hong…
New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing’s latest capital-control measures, amid signs of recovery in the city’s residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack…