Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit.
Chinese Electric Truckmaker Zhizi Is Said to Plan $200 Million Hong Kong IPO
Chinese electric truckmaker Zhizi Automobile Technology Co. is considering an initial public offering in Hong Kong that could raise about $200 million, according to people familiar with the matter.
Mixue’s Hong Kong IPO Smashes Records as Share Sale Is Oversubscribed More Than 5,125-Fold
Apart from being leader of the pack in China’s crowded modern tea sector, Mixue’s shares were in such high demand thanks to Hong Kong’s new IPO system, called FINI, rolled out in November 2023. This ...
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, ...
Budget 2025: Hong Kong to bolster role in wealth, listings, digital assets, yuan
We are pressing ahead with high-quality development of Hong Kong’s international financial market,’ financial secretary says.
Hong Kong flags 10,000 civil service job cuts, AI push in bid to reverse huge deficit
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, ...
Hong Kong Looks to Shore Up Economy as Trade Risks Loom
The Asian financial hub will reduce salaries tax and businesses’ profit tax by 100%, subject to a ceiling of 1,500 Hong Kong dollars, said Hong Kong Financial Secretary Paul Chan.
These Are the Winners and Losers From Hong Kong’s 2025 Budget
Hong Kong’s technology enterprises are set to benefit from the city’s annual budget as the government plans to roll out investments in artificial intelligence research.
Retail portion of Mixue’s IPO sets record with nearly US$206 billion in subscriptions
The retail portion of the Hong Kong initial public offering (IPO) for China’s largest fresh-drinks chain, Mixue Group, attracted more than HK$1.6 trillion (US$205.9 billion) in subscriptions, and the ...
Hong Kong flags spending cut, AI push in bid to reverse booming deficit
Hong Kong aims to cut public recurrent expenditure by 7% from now till 2027/28 to rein in a rising deficit and plans a big AI push as it tries to mitigate headwinds from global economic uncertainty, ...
Interests partly align behind Hong Kong bourse CEO
In cards you play the cards you’re dealt, and Hong Kong Exchanges and Clearing looks at last to have a decent hand. Chief Executive Bonnie Chan caps her first year with the delivery of annual results ...
Most Asian markets rebound as Hong Kong tech rally resumes
Asian markets mostly rose on Wednesday after a poor start to the week, with Hong Kong boosted by a rebound in tech firms that had taken a hit from US moves to curb Chinese investments in the country.
Hong Kong expects modest growth in 2025 as Paul Chan looks to fight deficit
HONG Kong Financial Secretary Paul Chan said the economy will grow modestly this year, as he looks to shrink the city’s deficit while countering headwinds from a slowing Chinese economy and rising ...
Hong Kong stocks snap 2-day drop as investors return to tech firms following US sell-offs
Hong Kong stocks rose to halt a two-day decline as investors returned to low-valuation Chinese tech stocks, which rallied after their biggest US counterparts fell into a technical correction. The Hang ...