URA posts HK$338 million operating surplus after three years of losses

    URA posts HK$338 million operating surplus after three years of losses

    Hong Kong’s Urban Renewal Authority (URA) has recorded an operating surplus of HK$338 million (US$43.3 million) for the 2025-26 financial year, after reporting three straight years of losses. At a banquet on Friday to mark the statutory body’s 25th anniversary, chairman Chow Chung-kong announced that the URA had returned to profit in the 2025-26 financial…

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    China’s Xi Jinping calls for ‘no delay’ in private sector protection

    China’s Xi Jinping calls for ‘no delay’ in private sector protection

    In another show of support for China’s private sector, Beijing has released the details of a speech from President Xi Jinping which included vows the country would guarantee a level playing field for private firms, safeguard entrepreneurs’ lawful rights and interests, and step up efforts to solve their long-standing challenges, including overdue payments. The full…

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