Hong Kong announces job cuts, tax hikes and AI funding as property slump and geopolitical tensions strain its financial ...

The Hong Kong Special Administrative Region (HKSAR) will carry out the "reinforced version" of a fiscal consolidation program in the new financial year to restore fiscal balance and nurture new growth ...

HONG KONG, Feb. 26 (Xinhua) -- The Hong Kong Special Administrative Region (HKSAR) will carry out the "reinforced version" of a fiscal consolidation program in the new financial year to restore fiscal ...

The government has outlined a ‘cumulative reduction’ of government recurrent expenditure by 7% from now until 2027-2028.

Hong Kong will endeavor to develop Artificial Intelligence (AI) as a core industry and empower traditional industries ...

Hong Kong plans to cut 10,000 civil service jobs and freeze public sector pay before 2027 to address its rising deficit. The ...

Civil servants’ pay will be frozen and 10,000 positions will be cut. HK$2 transport subsidy scheme to be capped at 240 trips ...

The Hong Kong Special Administrative Region (HKSAR) will continue to leverage its strategic positioning as the "three centers ...

Financial Secretary Paul Chan reveals in the Budget that a deficit of $67 billion is expected for the 2025-26 fiscal year.

Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an ...

Hong Kong’s finance chief Paul Chan has announced reductions in both salary and profits tax cuts in his latest budget speech.