The annual “two sessions” in Beijing are under way, and this year the annual ritual of reading tea leaves in this city has been made easier for politics watchers. That is because Beijing has been blunt about the problems it thinks our city faces. There is the usual praise for the Hong Kong government and…
Escalating geopolitical tensions will not derail Hong Kong’s goal set out in the country’s 15th five-year plan and its efforts to implement the blueprint, former leader Leung Chun-ying has said, describing agility and adaptability as in the city’s DNA. The vice-chairman of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, also…
Hong Kong has adequate safeguards to prevent any misuse of the Exchange Fund, according to the economist known as the “father of the city’s dollar peg”, who called concerns over the government’s decision to draw from the de facto sovereign wealth fund “a little overblown”. John Greenwood said the government’s plan to transfer HK$150 billion…
Financial Secretary Paul Chan Mo-po delivered his latest budget on February 25. Over the past decade, under his stewardship, Hong Kong has weathered multiple economic shocks and recently returned to a respectable growth rate of 3.5 per cent. Yet the tasks ahead are formidable: addressing a structural fiscal deficit in the city’s capital account while…
Hong Kong Baptist University is “actively considering” issuing bonds to finance its future development, including campus redevelopment and its new Chinese medicine hospital, according to its president. But Professor Alexander Wai Ping-kong also told the South China Morning Post on Thursday that the public institution would be cautious with bond issuance to avoid creating pressure…
Hong Kong should speed up the construction of the Northern Metropolis megaproject near the border with the mainland and the development of a commodity trading ecosystem, according to the draft outline of China’s 15th five-year plan. Other priorities included stronger integration with national development on the economic, technological and social fronts, especially deepening cross-border connections…
Hong Kong tycoons have expressed confidence in the Middle East’s economic outlook amid continued strikes by the United States and Israel on Iran and Tehran’s retaliatory attacks, stressing that the city’s economy is unlikely to be affected. Speaking to the media in Beijing on the sidelines of the “two sessions” – the nation’s annual parliamentary…
Hundreds of Hong Kong politicians and business leaders head to Beijing on Tuesday for the nation’s annual “two sessions”, with observers expecting discussions to focus on the city’s role as an international financial centre and the Northern Metropolis megaproject. The annual session of the country’s top political advisory body, the Chinese People’s Political Consultative Conference…
A mainland Chinese firm has secured the tender to build a supercomputing centre in Hong Kong’s Northern Metropolis as the sole bidder, agreeing to pay a premium of HK$581 million (US$74.25 million) and boost the city’s computing power 36-fold. Unveiling details of the plan on Monday, Secretary for Innovation, Technology and Industry Sun Dong said…
HSBC, the largest lender in Europe and Hong Kong by assets, has signalled for the first time its intent to engage with the city’s forthcoming stablecoin regime, citing Hong Kong’s sound regulatory environment and its potential to drive innovation in the digital asset space. “We are interested in every part of Hong Kong’s innovation landscape,…