The Hong Kong Science and Technology Park (HKSTP) and SenseTime, a Chinese artificial intelligence firm headquartered and listed in the city, have partnered to build a home-grown AI data centre by 2030 to support the sector’s industrialisation. The data centre will be built in three stages, with phase one expected for completion by the end…
Hong Kong should revive plans for large-scale reclamation off Lantau Island to run in parallel with the Northern Metropolis project, property magnate Gordon Wu Ying-sheung has said, warning that a lack of urban land will hold back the city’s development as the population grows. The 90-year-old founder and chairman of Hopewell Holdings also described it…
This Feb 15, 2026, photo taken from near the Peak shows the Hong Kong skyline. (SHAMIM ASHRAF / CHINA DAILY) Hong Kong’s economy remained resilient in the second quarter of this year, Financial Secretary Paul Chan Mo-po told a meeting of the Legislative Council’s financial affairs panel on Monday. The latest statistics show that the…
Hong Kong is actively considering launching a new offshore renminbi venture fund to channel capital into cutting-edge technology and emerging industries, while supporting yuan internationalisation, the city’s finance chief has said. The initiative aligns with the nation’s 15th five-year plan, which guides development from 2026 to 2030 and calls on Hong Kong to enhance its…
Veteran industrialist Sunny Chai Ngai-chiu has been appointed as chairman of a government-owned company set to be tasked with developing Hong Kong’s San Tin Technopole – a key pillar of the Northern Metropolis megaproject. Authorities said on Wednesday that the San Tin Technopole Company would be established in the first half of 2026 and that…
Financial Secretary Paul Chan Mo-po was in Europe last week, holding talks with family offices and financial institutions in a bid to reinforce Hong Kong’s position as a world-leading hub for private capital. The visit underscores the city’s proactive approach to deepening international financial ties at a time of global economic realignment. The timing of…
Hong Kong Financial Secretary Paul Chan Mo-po (first right) meets Alexandra Jour-Schroeder (second left), deputy director-general for Financial Stability, Financial Services and Capital Markets Union of the European Commission, in Brussels, Belgium, on May 20, 2026. (PHOTO / HKSAR GOVERNMENT) Hong Kong, under “one country, two systems”, maintains its status as a free port, with…
Hong Kong’s finance chief has begun a five-day European tour, starting in France, as part of the city’s latest push to attract global capital and reinforce its status as an international financial hub. Financial Secretary Paul Chan Mo-po arrived in Paris on Monday, where he met representatives of the Association Francaise de la Gestion Financiere…
Hong Kong has raised HK$27.6 billion (US$3.5 billion) through a green and infrastructure bond sale to finance the Northern Metropolis and low-carbon transformation projects. The offering drew investors from more than 30 markets across Asia, Europe, the Middle East and the Americas, signalling global institutional investors’ confidence in Hong Kong’s development, the Hong Kong Monetary…
Operating costs for Hong Kong’s industrial and commercial sectors have jumped by 50 per cent since the start of the United States-Israel war with Iran, according to an oil industry representative, who has said distributors will pass on subsidies to customers. A taxi union leader on Thursday also called on the government to extend its…