Hong Kong’s banking sector is set for a landmark transformation as thousands of Hang Seng Bank shareholders vote on HSBC Holdings’ bid to take the lender private on Thursday morning. Analysts expected an overwhelming approval for the proposal, which offers shareholders HK$155 a share – 30 per cent higher than Hang Seng Bank’s HK$119 closing…
Hong Kong’s finance chief has pledged to further integrate financial services with technology innovation to foster a thriving ecosystem, following a surge in investor interest in artificial intelligence-related stocks during the first trading day of the year. Financial Secretary Paul Chan Mo-po on Sunday also emphasised Hong Kong’s role as an international capital market in…
Hong Kong authorities have questioned a World Bank report giving the city lower grades for business readiness, saying outdated data has led to unfair comparisons. The digital policy office said early on Tuesday that Hong Kong remained among the top 20 for “operational efficiency” and in the second quintile for “regulatory framework” and “public services”…
A group of survivors of the deadly inferno in Hong Kong last month has petitioned the government to redevelop the Wang Fuk Court site as a long-term resettlement plan, as authorities review options to rehouse them. In an open letter seen by the Post, the group of displaced residents urged Chief Executive John Lee Ka-chiu…
Hong Kong’s finance chief has struck an upbeat tone about the city’s economic outlook for 2026, while forecasting that growth this year will accelerate to 3.2 per cent, surpassing earlier projections. Financial Secretary Paul Chan Mo-po said the optimistic outlook was mainly supported by anticipated growth in mainland China and Asia along with interest rate…
Hong Kong has launched public consultation for the 2026-27 budget, which the finance chief says will focus on how the city can expand its economic development and better integrate into China’s 15th five-year plan. Financial Secretary Paul Chan Mo-po on Wednesday highlighted several key issues for the coming budget, including how the city could further…
Accelerating innovation and creating more jobs will be key facets of the next annual budget, Hong Kong’s finance chief has vowed, while noting positive investor sentiment after several entities recently bought and leased commercial properties in the city. Financial Secretary Paul Chan Mo-po also said in his weekly blog post on Sunday that public consultation…
Exhibitors at one of Hong Kong’s largest annual bazaars expect sales to rise by up to 20 per cent from last year, citing higher attendance and good weather as they introduce modern twists to some traditional food products. The 59th edition of the Hong Kong Brands and Products Expo, organised by the Chinese Manufacturers’ Association…
Japanese pop star Ayumi Hamasaki has cancelled her concert in Macau next month amid tense diplomatic relations between Beijing and Tokyo, with the decision following the axing of her December show in Shanghai. The singer-songwriter announced the decision on her Instagram page on Tuesday, saying she apologised to everyone hoping to see her perform in…
Thousands of mourners poured into Tai Po on Sunday, forming a solemn river of remembrance for the 146 lives lost in Hong Kong’s deadliest fire in more than seven decades, while Beijing called for unity and healing as a massive rescue and recovery operation continued amid the charred ruins. The scale of the calamity was…