American economist Stephen Roach has said that Hong Kong has benefited from the US-China trade war despite last year having declared the city to be “over”, even as he claimed that other aspects of the financial hub had worsened. The former Morgan Stanley Asia chairman sparked debate last year after he penned an opinion piece…
American economist Stephen Roach has said that Hong Kong has benefited from the US-China trade war despite last year having declared the city to be “over”, even as he claimed that other aspects of the financial hub had worsened. The former Morgan Stanley Asia chairman sparked debate last year after he penned an opinion piece…
Hong Kong can achieve “high-quality development” by leveraging its unique advantages and remaining open, the city’s finance chief has said, as he revealed that the local stock market has outperformed other major indexes so far this year. Writing on his weekly blog, Financial Secretary Paul Chan Mo-po also said that despite worries about the impact…
“Made-in-Hong Kong” products ranging from mooncakes to garments can shine with the help of technology, automation, subsidies and even artificial intelligence (AI), one of the city’s largest industry groups has said. The Federation of Hong Kong Industries revealed the findings of its recent study on Friday, saying that the city’s industrial sector added HK$127.1 billion…
In April, US President Donald Trump announced sweeping, across-the-board tariffs targeting friends and foes. While reciprocal tariffs were temporarily suspended for most countries — China being the key exception — a baseline 10% levy on all US imports and auto tariffs remains in place. With a single stroke, Washington sent markets reeling and global policymakers…
Sun Hung Kai Properties (SHKP) scored another sell-out weekend for Sierra Sea, its mega residential project in the New Territories, as homebuyers took advantage of discounted prices that are about 20 per cent lower than those of similar properties in the district. As of 6pm, Hong Kong’s largest property developer sold all 288 of the…
Hong Kong’s tax revenue increased by about 10 per cent in the past financial year, driven in part by an influx of talent and a boost in property transactions, authorities have said. Commissioner of Inland Revenue Benjamin Chan Sze-wai on Friday also predicted a 7 per cent rise in overall collections for the 2025-26 financial…
President Xi Jinping urged China to focus on technological self-reliance and closer ties with the Global South as he visited Shanghai on Tuesday – his first inspection trip since sweeping US tariffs prompted an escalation of the US-China trade war. The selection of the financial and industrial powerhouse as his first stop highlights China’s determination…
British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on by the US-China trade war will increase demand for its services. “The tariff issues and trade challenges are going forward, but it would not affect our commitment…
Hong Kong’s finance chief has predicted the economy will post solid growth for the first quarter, while pledging to press on with plans to control government spending to maintain the city’s competitiveness. Financial Secretary Paul Chan Mo-po gave his forecast on Sunday in the lead-up to this week’s announcement of gross domestic product (GDP) figures…