Hong Kongs economy is projected to expand between 2% and 3% in 2025, following a 2.5% growth rate in 2024, according to Financial Secretary Paul Chan. The forecast comes as authorities grapple with a widening

Hong Kong has recorded annual deficits exceeding $20 billion in three of the past four years, according to official figures. The city’s finance chief Paul Chan said Sunday that the deficits were caused by “multiple internal and external challenges” and that a new budget unveiled on Wednesday will tightly control public spending.

Hong Kong's financial secretary Paul Chan on Wednesday said the city's regulators have issued nine digital asset platform licences and has more approvals in the pipeline. Chan, speaking at Coindesk's Consensus Hong Kong 2025 conference,

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 said during a budget speech that there would be a “cumulative reduction” of government recurrent expenditure by 7% from now until 2027-2028.

Hong Kong said on Wednesday that it is setting aside $127.67 million to create an artificial intelligence research institute that will conduct research and development.

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.

Finance chief says city will set up the Hong Kong AI Research and Development Institute to explore application possibilities.

HONG KONG SAR - Media OutReach Newswire - 26 February 2025 - Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region unveiled his 2025-26 Budget today (February 26). He noted that while geopolitical situation might bring risks,

Government will assess their interest and invite firms to share feedback for developing joint innovation hub with Shenzhen, source says.

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