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Hong Kong Baby Bonus Scheme Sees Low Uptake as Government Funds Remain Largely Untapped
Hong Kong, a city renowned for its high cost of living and demanding professional environment, is grappling with a significant underutilization of its ambitious baby bonus scheme, a flagship initiative designed to encourage childbirth. As of February, a mere HK$1.31 billion, or 57.5 per cent, of the HK$2.28 billion allocated for the three-year program has […]
Hong Kong Sevens Ignites Kai Tak Stadium Amidst Vibrant Fan Displays and Economic Stirrings
The Hong Kong Sevens reached a crescendo of excitement on Sunday, transforming Kai Tak Stadium into a kaleidoscope of colour and sound as costumed rugby enthusiasts packed the stands. While the electric atmosphere and the 50th-anniversary celebrations captivated attendees, some local restaurateurs voiced concerns over disappointing revenue, attributing the downturn to increased competition and a […]
Hong Kong Government Urged to Exercise Prudence in Implementing New Accountability System for Civil Service Leaders
The Hong Kong government has been strongly advised to implement its proposed accountability system with careful consideration, focusing on its potential to drive departmental improvements while safeguarding the morale of its civil servants. Regina Ip Lau Suk-yee, convenor of the city’s top decision-making Executive Council, emphasized on Sunday that the system, unveiled in Chief Executive […]
The Legacy of Koo Sze-yiu and the Evolution of Political Dissent in Hong Kong
Koo Sze-yiu, a veteran activist whose presence defined the landscape of Hong Kong’s pro-democracy movement for decades, has passed away at the age of 80, marking the end of an era for civil disobedience in the special administrative region. Known affectionately and respectfully by his peers as "A-Goo," Koo succumbed to terminal cancer while surrounded […]
Hong Kong and Singapore Vie for Supremacy as China’s Global Launchpad, But a Critical Gap Emerges
For Chinese enterprises setting their sights on international expansion, the initial strategic decision often transcends market selection; it hinges on identifying the ideal launch city. In this crucial arena, the competition has increasingly narrowed to two formidable contenders: Hong Kong and Singapore. Both metropolises boast robust capital markets, established common law systems, and a valuable […]
Hong Kong Poised to Become Asia’s Gold Hub Amidst Geopolitical Turmoil
The escalating conflict between the United States and Iran has sent seismic waves across global energy and financial markets, driving an intensified demand for safe-haven assets. In this volatile landscape, Hong Kong is emerging as a significant potential beneficiary, with its strategic positioning poised to bolster its role in gold, property, and capital markets. This […]
Hong Kong is ageing, but the real question is where people age
The city’s rapid ageing need not turn into a crisis as long as it can look beyond its borders and tap into regional healthcare systems. The growing concerns surrounding Hong Kong’s rapidly ageing population have become a persistent and increasingly urgent topic of discussion in recent years. This demographic shift, characterized by longer hospital waiting […]
Hong Kong Stock Exchange Aims for T+1 Settlement by Q4 2027
Hong Kong’s bourse operator has announced its intention to transition to a T+1 settlement cycle, a move that would significantly accelerate the speed at which trades are finalized. This proposed shift, detailed in a consultation paper released on Friday, aims to implement the T+1 system – where transactions are settled one business day after they […]
Hong Kong Seeks Private Sector Partnership for Ambitious National Innovation Centre in Yuen Long
Hong Kong authorities are charting an ambitious course for its first national manufacturing innovation centre outside mainland China, revealing plans to secure half of the HK$440 million (US$56.2 million) investment from the private sector. This significant public-private funding model is coupled with performance benchmarks that industry analysts deem challenging, reflecting a bold strategy to accelerate […]
Hong Kong-Flagged Oil Tanker AVA 6 Navigates Strait of Hormuz Amidst Heightened Geopolitical Tensions
A Hong Kong-flagged oil tanker, the AVA 6, has successfully transited the strategically vital Strait of Hormuz and entered the Gulf of Oman, a move interpreted by a prominent maritime data firm as a potential test of an alleged United States blockade targeting vessels associated with Iran. The vessel’s passage, meticulously tracked by multiple international […]
