Chinese Vice-Premier Ding Xuexiang has praised Hong Kong for having made political and economic “breakthroughs” in the past year, calling on the city to focus on its advancement while not ...

HONG KONG – 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 ...

SINGAPORE (February 27, 2025) – Despite lingering property woes and looming trade tensions, the combined wealth of tycoons on the 2025 Forbes list of Hong Kong’s 50 Richest edged up to US$301 ...

The US had already sanctioned two other Hong Kong firms earlier in February. The sanctioned firms could face asset seizures, visa restrictions and penalties while any financial institution dealing ...

Close your eyes and you could be in downtown Hong Kong. Open them again and you’re in the middle of sleepy Telopea – now with shiny new Parramatta light rail stop out the front. Tony and ...

Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday. Finance Secretary Paul Chan ...

Hong Kong plans to reduce 10,000 civil service jobs by 2027 to address an 87.2 billion Hong Kong dollars deficit. Salaries will be frozen and spending on artificial intelligence will increase. An AI ...

Hong Kong, Feb 26 (AP) Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday.

Hong Kong plans to cut 10,000 civil service jobs and freeze public sector pay before 2027 to address its rising deficit. The government targets a 7% reduction in expenditure by 2028. An AI development ...

Hong Kong has long relied on land-related revenue to fill government coffers, but income from that plunged last year to US$1.7 billion -- the lowest in two decades.