Hong Kong's bourse operator reported on Thursday a 10% rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after the announcement of China economic stimulus ...
Hong Kong cutting 10,000 civil service jobs – is it enough to turn its finances around?
Hong Kong's government workers will bear the brunt of the biggest cuts in the finance chief's bid to balance the books as the city braces itself for a fourth straight year of deficit.
Hong Kong Looks to Save Pennies to Fight Its Way Out of the Red
The Hang Seng Index has soared 21% since Trump’s inauguration to touch a three-year high. The gauge has benefited from DeepSeek’s breakthrough and President Xi Jinping’s declaration to high-profile ...
US targets firms in China, Hong Kong over alleged role in Iranian drone procurement
The United States imposed sanctions on six entities based in Hong Kong and China on Wednesday that it accused of being involved in an Iranian drone procurement network, as the Trump administration ...
Hong Kong’s 50 Richest 2025: Stock Market Rally Lifts Wealth But Property Woes Linger
ByJane Ho, Forbes Staff. I cover Asia's wealth and entrepreneurs from a base in Singapore. This story is part of Forbes’ coverage of Hong Kong’s Richest 2025. See the full list here. Though Hong ...
Treasury sanctions six Hong Kong entities for helping Iranian drone network
The U.S. Treasury Department's Office of Foreign Assets Control Wednesday sanctioned six Hong Kong companies for allegedly being part of a covert Iranian drone procurement network.
Hong Kong pledges $127.67 million to create AI institute
Hong Kong said on Wednesday that it is setting aside $127.67 million to create an artificial intelligence research institute that will conduct research and development.
Invesco QQQ ETF slips in Hong Kong trading debut amid jitters around US tech giants
The world’s fifth-largest ETF began trading in Hong Kong for the first time, giving investors access to top US tech firms during Asian trading hours.
Hong Kong to launch scheme to facilitate tech listing applications
Hong Kong will launch a scheme to facilitate listings of tech companies on the stock exchange, the latest move to boost the appeal of the fundraising hub amid growing appetite among Chinese companies to raise funds offshore.
Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit
Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit.
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.
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, ...