Beijing’s point man on Hong Kong affairs has called on the alumni of the prestigious Tsinghua University to help the city better serve national development with their patriotism, pragmatism and global networks. Adding to the remarks by the director of the central government’s liaison office on Sunday, city leader John Lee Ka-chiu also expressed hope…
Congratulations to Financial Secretary Paul Chan Mo-po for getting the city’s budget to sail through the Legislative Council. It wasn’t always such smooth sailing and Chan would do well to acknowledge as much. When Chan was first given the keys to the city’s coffers, they were full. Successive financial secretaries faced political pressure of a…
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance. The fund gained HK$34.5 billion (US$4.4 billion) in the first quarter, 56 per cent lower than HK$79.2 billion a year earlier, according to data…
As Hong Kong prepares for another major push in public works, one question deserves far more attention than it has received: are we buying infrastructure in a way that is sustainable for the construction industry and the public as a whole? In his February budget, Financial Secretary Paul Chan Mo-po announced that HK$150 billion (US$19.1…
Beijing’s point man on Hong Kong affairs and a senior national energy official have held meetings with CLP Holdings chairman Michael Kadoorie, with observers saying it signalled the firm was expected to help minimise livelihood disruptions amid the ongoing global fuel crisis and support the Northern Metropolis megaproject. The Hong Kong and Macau Affairs Office…
The international order is under mounting strain. In recent years, unilateralism, protectionism and the selective application of international law have eroded confidence in the rules-based frameworks that once underpinned global cooperation. The return of Donald Trump to the centre of American politics, along with the policy instincts the US president represents, has only reinforced concerns…
Guangdong will “actively align” with Hong Kong’s strategy for the Northern Metropolis megaproject and highlight areas of collaboration as part of the province’s 15th five-year plan. The Guangdong provincial government on Tuesday published its development blueprint, with the term “Guangdong-Hong Kong-Macau Greater Bay Area” mentioned 57 times in the document and a chapter dedicated to…
Hong Kong’s financial chief has revised the city’s fiscal surplus for the previous year to HK$11 billion (US$1.91 billion), nearly four times the original estimate, saying the ongoing Middle East conflict had a limited impact on the economy with gross domestic product (GDP) growth remaining strong in the first quarter. Financial Secretary Paul Chan Mo-po…
The university in Hong Kong that is establishing the city’s third medical school has broken ground on an interim teaching and research complex, set to be completed by mid-2028 to welcome the first batch of students. Hong Kong University of Science and Technology (HKUST) president Nancy Ip Yuk-yu also revealed on Tuesday that the institution…
Hong Kong’s railway operator has deployed augmented reality (AR) technology to speed up construction of a station on a new link serving the Northern Metropolis megaproject to ensure it opens on time next year. The MTR Corporation said on Tuesday that the power supply had been connected at Kwu Tung station and AR technology had…