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, ...
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 ...
Cost control, bond issuance will be key for Hong Kong’s budget deficit: Economist
Raymond Yeung, Greater China Economist at ANZ, discusses Hong Kong government's options in tackling the budget deficit, adding the deficit may persist for several years due to a significant decline in ...
Hong Kong’s Stock Connect must upgrade to lure more foreign investors, industry body says
Asia Securities Industry and Financial Markets Association suggests implementing block trades in Stock Connect programme Foreign investors could become more confident about equity markets in Hong Kong ...
Hong Kong’s Canceled Digital Art Fair Failed to Secure Funding, Authorities Say
Digital Art Fair, which was set to open in March as part of Hong Kong Art Week, had been advertised on the websites of the Hong Kong Tourism Board and InvestHK, a government entity that deals in the ...
Hong Kong high court pulls winding-up petition against Shimao
The Hong Kong High Court has ordered the withdrawal of the winding-up petition against Chinese property company Shimao Group filed by CPYM Link Investment, Shimao said on Tuesday.
Hong Kong budget looks to tackle deficit blowout amid economic headwinds
Hong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as it seeks to tackle a fiscal deficit likely to have widened to double the city's target amid rising global ...
NGO Hong Kong Unison considers disbanding after 24 years serving ethnic minorities, says ‘mission complete’
Hong Kong Unison, a non-profit organisation that has served the city’s ethnic minorities for over two decades, is planning to disband, its chairperson has told HKFP. Alice Chong, chair of Unison, said ...
Hong Kong’s Cross-Harbour Tunnel partially shut after falling concrete hits car
Police alerted at 1.06pm by driver involved in accident, with no injuries reported and tunnel reopened at 2.48pm after emergency repair works.