China’s five-year plan responds to “great changes unseen in a century”, prescient words used by President Xi Jinping since 2018. Chinese policymakers have anticipated headwinds in the world system, underscored by the upending of the “rules-based world order” by US President Donald Trump’s “law of the jungle” and a world increasingly threatened by climate change….
Hong Kong has ranked as the second-most globally competitive economy – its best performance in seven years – climbing one spot from last year to place behind Singapore. The ranking, released by the Switzerland-based International Institute for Management Development (IMD) on Thursday, put the city ahead of 68 other economies out of 70 surveyed. Hong…
The Hong Kong government has launched a public consultation on the city’s first five-year development plan, a blueprint aimed at aligning with China’s newly approved 15th five-year plan. Officials have promised a “macroscopic, strategic and forward-looking” road map that will guide Hong Kong’s economic and social development for the rest of this decade. That invitation…
DUBAI, June 17 (Reuters) – Iran and the United States will end fighting on all fronts, per MoU details published by Iran’s official IRNA news agency on Wednesday, adding both countries to end naval blockades in the region. Iran’s official news agency released details of the deal planned to be signed on Friday, shortly after…
The Hong Kong government gazetted a bill on Friday that, if passed, would waive salary tax on fund managers’ performance-linked bonuses, so long as they meet certain requirements, in a move to introduce further tax reform to strengthen the city as a wealth management centre. The bill, which will be first read by lawmakers on…
A proposed university town in Hong Kong will set aside vacant land to capitalise on future opportunities arising from social and technological changes, a minister has said, days after a top official revealed that the project size could be tripled to 300 hectares (741 acres). Secretary for Education Christine Choi Yuk-lin on Wednesday told the…
Fintech company iCapital has more than doubled its office footprint in Hong Kong, leasing a 9,000 sq ft space in One International Finance Centre in the city’s Central business district as it staffs up to capture rising demand for wealth-management services in Asia. The US company, which opened its office in Hong Kong five years…
Though Hong Kong has overtaken Switzerland as the number one in cross-border wealth management, rather than enter panic mode, Swiss banks seem unruffled — feeling it bolsters the case against looming tighter banking regulations. Financial Secretary Paul Chan holding a press conference after presenting the budget address on February 25, 2026. Photo: Kyle Lam/HKFP. Hong…
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…
Hong Kong’s exports rose by nearly 43 per cent year on year in April, driven by strong global demand for artificial intelligence-related electronics, although the government warned that the Middle East war could cloud the near-term outlook. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports…