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.

Finance chief eyes new revenue sources while freezing pay for public servants, cutting civil service positions and reducing education spending.

The Asian financial hub will reduce salaries tax and businesses’ profit tax by 100%, subject to a ceiling of 1,500 Hong Kong dollars, said Hong Kong Financial Secretary Paul Chan.

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,

Expert calls for measures in budget to lure firms that want to ‘make a fortune’, as finance minister eyes ways to ‘moderately’ boost revenue.

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.

HONG Kong Financial Secretary Paul Chan said the economy will grow modestly this year, as he looks to shrink the city’s deficit while countering headwinds from a slowing Chinese economy and rising trade tensions with the US.

Hong Kong's economy is expected to grow 2 per cent to 3 per cent this year after growth of 2.5 per cent in 2024, as authorities seek to tackle a fiscal deficit amid rising global uncertainty and a weak property market,

Finance chief Paul Chan says move will increase revenues by HK$1.6 billion per year, adding impact on air passengers will be minimal.