Hong Kong, AI

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 to slash 10,000 civil service jobs, push AI in bid to reverse 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, geopolitical tensions and a weak property market.
Hong Kong to cut thousands of civil service jobs and invest in AI
The government has outlined a ‘cumulative reduction’ of government recurrent expenditure by 7% from now until 2027-2028.
Hong Kong government earmarks $128 million for new AI research institute and aims to cut public spending
Hong Kong's government has earmarked 1 billion Hong Kong dollars ($128.67 million) for the establishment of a new artificial intelligence research institute. It expects its economy to grow at an average rate of 2.
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, geopolitical tensions and a weak property market.
Hong Kong to slash public spending, build AI institute
Hong Kong will cut public spending and restore fiscal balance by mid-2027 after a string of huge deficits, the city's finance chief said Wednesday as he unveiled growth plans including
Hong Kong to Cut Spending by 7%, Invest in AI to Tackle Economic Challenges
Hong Kong is set to reduce public recurrent expenditure by 7% by 2027/28 to curb a rising deficit while making a major push into artificial intelligence (AI) to counter global economic uncertainty, geopolitical tensions,
Hong Kong Free Press on MSN1h
Budget 2025: Hong Kong taxpayers will see lower tax reduction in 2025-6
Hong Kong’s finance chief Paul Chan has announced reductions in both salary and profits tax cuts in his latest budget speech.
Business Times6h
Hong Kong expects modest growth in 2025 as Paul Chan looks to fight deficit
HONG Kong Financial Secretary Paul Chan said the economy will grow modestly this year, as he looks to shrink the city’s ...
中国日报网57m
Hong Kong outlines plans to leverage strategic positioning, boost global connectivity
HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) will continue to leverage its strategic positioning as the ...
EconoTimes4h
Hong Kong Eyes 2-3% Growth in 2025 Amid Fiscal Challenges and Market Uncertainty
Hong Kongs economy is projected to expand between 2% and 3% in 2025, following a 2.5% growth rate in 2024, according to ...
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 ...
China Internet Information Center17m
2nd LD Writethru-Roundup: Hong Kong unveils new budget to restore fiscal balance, foster new growth drivers
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 ...
devdiscourse7h
Hong Kong's Budget Strategy: Navigating Economic Headwinds
Hong Kong plans a 7% cut in public recurrent expenditure by 2027/28 to address a growing deficit amidst global economic ...
Hong Kong Expects GDP Growth of 2% to 3% in 2025
HONG KONG (Reuters) - Hong Kong's economy is expected to grow 2% to 3% this year after growth of 2.5% in 2024, as authorities ...
scmp.com46m
Budget 2025: pay freeze for Hong Kong public servants, commercial land sales paused – as it happened
Civil servants’ pay will be frozen and 10,000 positions will be cut. HK$2 transport subsidy scheme to be capped at 240 trips ...
devdiscourse6h
Hong Kong's Strategic Fiscal Overhaul: AI at the Helm
Hong Kong plans a 7% cut in public spending and a major AI investment to tackle economic challenges. Financial Secretary Paul ...