Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong retained its status as Asia’s top financial centre and was the third globally, distancing itself from regional rival Singapore and also closing the gap with top-ranked New York, according to the latest edition of the Global Financial Centres Index. Hong Kong’s overall rating increased 11 points, while Singapore gained three points to stay…
Hong Kong society lacks a proper understanding of the “one country, two systems” governing principle, only considering it a solution for “historical issues” or as unrelated to national development, a local delegate of the country’s top advisory body has said. Tu Haiming, vice-chairman of the liaison committee for Hong Kong, Macau, Taiwan and overseas Chinese,…
Beijing’s top official in Hong Kong has urged the city to tap the opportunities arising from the “one country, two systems” governing model and drive efforts to contribute to local and national development. Zheng Yanxiong, director of the central government’s liaison office in Hong Kong, also said on Saturday the city needed to embark on…
Beijing’s point man on Hong Kong affairs has told local members of China’s top political advisory body to “not just be observers” but “active players” to support the city’s development, including the coming Legislative Council election, according to one of the delegates. Xia Baolong, director of the Hong Kong and Macau Affairs Office (HKMAO), also…
Hong Kong’s justice minister has reassured investors that the city will be governed by the “one country, two systems” principle and keep its common law system indefinitely, as he seeks further legal cooperation with Asean jurisdictions. Secretary for Justice Paul Lam Ting-kwok also said on Monday that Hong Kong would host the 15th China-Asean Prosecutors-General…
Ex-media boss Jimmy Lai Chee-ying denied on Monday that he had tried to spread fear by suggesting Beijing would take over Hong Kong if an extradition bill was passed in 2019 but conceded he went too far with claims central authorities could destroy the “one country, two systems” governing principle. Prosecutors grilled Lai on Monday…
Ex-media boss Jimmy Lai Chee-ying denied on Monday that he had tried to spread fear by suggesting Beijing would take over Hong Kong if an extradition bill was passed in 2019 but conceded he went too far with claims central authorities could destroy the “one country, two systems” governing principle. Prosecutors grilled Lai on Monday…
Debate has intensified over whether Hong Kong should lift its restrictions on Japanese seafood imports after tests of seawater conducted by mainland China from near the crippled Fukushima Daiichi nuclear power plant indicated marine life was not being harmed. The results came from samples collected last October when Chinese scientists were given access under international…
Hong Kong’s finance chief has discussed strategies to avoid a “new, non-cooperative normal” with more than 70 global political and business leaders at the World Economic Forum’s annual meeting in Davos. Paul Chan Mo-po also promoted the city’s “new advantages” during various meetings with the leaders, according to the financial secretary’s office on Thursday. He…