Hong Kong welcomed more than 1 million mainland Chinese visitors during their five-day Labour Day “golden week” holiday, a 10 per cent rise from a year ago, exceeding government expectations, but industry leaders have said their spending was inconsistent. Immigration Department data showed the city recorded 1.01 million mainland visitor arrivals between May 1 and…
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’s improving fiscal position has prompted a groundswell of calls for the government to offer more “sweeteners” in the coming budget, including a cross-party demand for more tax relief for the middle class, but economists have cautioned against such across-the-board measures. They were more supportive of targeted spending, a cause taken up in recent…
A new action plan released by the Qianhai authorities in Shenzhen aims to strengthen its position as a “key partner” to Hong Kong rather than a competitor, further bolstering the city’s status as a global hub for finance, trade and talent. The 2026 action plan, released recently by authorities, is set to deepen cooperation between…
Hong Kong travel agencies are capitalising on the National Games by offering package tours for mainland Chinese visitors to attend sporting events in the city this month, with golf and rugby proving most popular. Timothy Chui Ting-pong, executive director of the Hong Kong Tourism Association, said tour groups organised by his company were generally smaller…