A proposed high-level committee that will focus on artificial intelligence (AI) could help tech start-ups in Hong Kong mitigate legal and geopolitical challenges, as well as gain access to important databases for model training, market leaders have said. But the experts also told the South China Morning Post on Thursday that the committee, which was…
A combination of a strong initial public offering (IPO) market and bond sales has helped put Hong Kong’s financial health back in the black sooner than expected, with analysts expecting a robust pipeline of listings to be key to sustaining the city’s surplus. In his budget speech on Wednesday, Financial Secretary Paul Chan Mo-po said…
Hong Kong authorities are open to supporting universities in issuing bonds to fund the development of the proposed University Town in the Northern Metropolis, with lawmakers calling for a dedicated approval and credit rating mechanism. Financial Secretary Paul Chan Mo-po signalled the government’s intention during a meeting of the Legislative Council’s Finance Committee on Thursday,…
Hong Kong will cancel the two-decade-old “A Symphony of Lights” within the year, with the South China Morning Post learning that the fixture will be replaced with immersive projections across various districts to upgrade the city’s offerings. The revamp is among a raft of new tourism measures announced in finance chief Paul Chan Mo-pop’s latest…
Hong Kong’s finance chief has set aside HK$30 billion (US$3.8 billion) to kick-start the Northern Metropolis in his latest budget, aiming to accelerate the megaproject through the government’s partnership with developers and tech enterprises. Financial Secretary Paul Chan Mo-po announced on Wednesday that three companies overseeing the Hetao Hong Kong Park, the San Tin Technopole…
Hong Kong’s universities have proved highly popular among mainland Chinese students, while interest is growing among those from Southeast Asia and countries taking part in the Belt and Road Initiative, the education minister has said. Speaking at the reception for the “Study in Hong Kong Week” on Monday, Secretary for Education Christine Choi Yuk-lin said…
A Hong Kong court has dismissed all appeals by 12 opposition activists to overturn their convictions or reduce their sentences in the city’s largest national security case, upholding that an unofficial 2020 primary election was subversive and that the seven-year starting point for jail terms was not “manifestly excessive”. The Court of Appeal on Monday…
Hong Kong’s Correctional Services Department has launched exchange tours to mainland China for former young offenders convicted of crimes related to the 2019 social unrest to boost their understanding of national development and culture. Rounding up the department’s work over the past year, Commissioner for Correctional Services Wong Kwok-hing said on Monday that Project PATH,…
Hong Kong’s civil service chief has defended the decision to open up recruitment externally for the role of food and environmental hygiene director, saying the move aims to attract experts who can take the lead in using technology to enforce laws. Secretary for the Civil Service Ingrid Yeung Ho Poi-yan also stressed that anyone hired…
With Hong Kong set to unveil its annual budget, economists have said the city should strengthen its role in pushing the internationalisation of the Chinese yuan as Beijing presses ahead with financial opening while keeping stability firmly in view. From expanding offshore yuan products to using its stablecoin regulations as a sandbox for potential cross-border…