Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.
Hong Kong hands out cash, cuts duties in budget despite larger deficit
However, Financial Secretary Chan said the recent reopening of China's borders would alleviate some pressure, with business and logistics links normalising after COVID lockdowns. He cited a speech by ...
Hong Kong unveils US$97bn recovery budget
Betting on a rebound - On its path to recovery, Hong Kong has made restoring its business-friendly reputation and reversing an exodus of both expatriate and local workers top priorities. In three ...
Hong Kong Will Hand Out More Cash Vouchers to Boost Economy
Hong Kong will give out more cash vouchers to consumers this year, Financial Secretary Paul Chan said in his annual budget speech, as the government looks to spur demand with loose fiscal policy ...
Hong Kong Stocks Flirt With Correction as Growth Headwinds Rise
Hong Kong’s benchmark stock index wavered near correction levels Wednesday as growing geopolitical concerns and doubts over the strength of China’s economy spurred a rethink on the market’s ...
Hong Kong flags handouts to speed up recovery from Covid shock
Hong Kong counts on increased cross-border business with mainland China, which has also given up enforcing Covid rules. The city had spent more than HK$600 billion ($76.44 billion) on various pandemic ...
Peter Thiel-Backed SPAC Weighs Merger With HK Fintech Hyphen, Sources Say
Bridgetown Holdings Ltd., the US-listed blank-check company backed by billionaires Peter Thiel and Richard Li, is considering a merger with financial technology firm Hyphen Group, according to people ...
Hong Kong Plans to Let Retail Sector Trade Larger Crypto Tokens Like Bitcoin
Hong Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step toward its goal of becoming a crypto hub in a policy shift that contrasts with a ...
Scientist who gene-edited human babies is out of jail, trying to start a comeback
Hong Kong's visa scheme for top talent has attracted an infamous applicant: He Jiankui, the Chinese scientist who controversially edited human embryos in 2018.
Hong Kong hopes free air tickets revive tourism as fiscal deficit soars
With a huge bill racked up in its efforts to contain the COVID-19 pandemic, Hong Kong is under pressure to revive its struggling economy and restore investor confidence.
Hong Kong Media Mogul Lai Appeals to High Court Over UK Lawyer
Hong Kong media mogul Jimmy Lai appealed to the city’s High Court, asking the Justice Department to clarify if he can be represented by a UK-based lawyer during his national security trial, according ...
Hong Kong Promotional Video Focus of China Panel’s First Inquiry
The chair of a new congressional panel scrutinizing China asked the American Chamber of Commerce in Hong Kong to clarify its position on the city’s national security law after its leader appeared in a ...
Hong Kong: We are open for business
THE Hong Kong government is inviting Cebuanos to resume their trade and tourism dealings with Hong Kong now that it’s open for business.“Hong Kong is now back on stage,” ...
Hong Kong as a Philanthropy Hub
Hong Kong is known to have a strong philanthropy history with leading ... Francis began his career in Management Consulting at McKinsey & Co in Europe and Asia. He is a member of the Board of Advisors ...