5 d. ago In betting on Saudi Arabia, Hong Kong is really betting on itself

Hong Kong’s financial identity is entering a new chapter, shaped as much by strategic alignment as capital flows. By co-launching a US$1 billion investment fund with Saudi Arabia’s Public Investment Fund (PIF), the city is taking one of its most assertive steps yet to redefine Hong Kong’s financial identity in a rapidly changing global economy. The message is clear: Hong Kong intends to be a serious player in the next phase of global capital realignment. This comes as Hong Kong companies are...

Politics

8 d. ago HK finance chief seeks to attract Italian company listings on stock exchange

Hong Kong’s finance chief courted Italian companies on Thursday to go public on the city’s stock exchange, which would allow them to tap into mainland Chinese liquidity and solidify their presence in Asia. Addressing the Trade Development Council’s “Think Business, Think Hong Kong” symposium in Milan, Financial Secretary Paul Chan Mo-po highlighted the deepening ties between Hong Kong and Italy, noting their shared passion for creativity and enterprise and “flourishing” bilateral trade worth...

Politics

8 d. ago Hong Kong’s finance chief seeks to attract Italian company listings on HKEX

Hong Kong’s finance chief courted Italian companies on Thursday to go public on the city’s stock exchange, which would allow them to tap into mainland Chinese liquidity and solidify their presence in Asia. Addressing the Trade Development Council’s “Think Business, Think Hong Kong” symposium in Milan, Financial Secretary Paul Chan Mo-po highlighted the deepening ties between Hong Kong and Italy, noting their shared passion for creativity and enterprise and “flourishing” bilateral trade worth...

Politics

9 d. ago Hong Kong’s beloved Ding How noodle brand to cease operations after 57 years

Hong Kong instant noodle brand Ding How, which has long been served in local cha chaan tengs, will cease operations next month after 57 years. Kam Yuen Food Company announced the news online on Wednesday, immediately drawing comments from scores of internet users who lamented the loss of another piece of Hong Kong’s collective memory. “We have decided to cease the operation in December this year after thorough consideration,” the company said on its social media. “We want to extend our gratitude...

Politics

1 week ago Hong Kong exports grow 17.5% in October as trade policy uncertainties ease

Hong Kong’s exports grew by 17.5 per cent year on year in October, with authorities expecting the improvement to continue in the near term given consistent moderate global economic growth and easing trade policy uncertainties. The value of goods exported from Hong Kong in the month stood at HK$461.8 billion (US$59.2 billion). The growth, coming on the back of double-digit rises since February this year, further accelerated from the 16.1 per cent increase in September. In particular, exports to...

Events

1 week ago Hong Kong’s Paul Chan to lead delegation to Italy to showcase tech, boost trade

Hong Kong’s finance chief will lead an 80-strong delegation to Italy this week to showcase the city’s technological breakthroughs and forge closer business ties, with a robotic start-up saying it has already secured orders from European counterparts. The Science Park told the Post it would invite eight of its start-up companies from industries, ranging from artificial intelligence and robotics to digital health and green mobility, to attend the Trade Development Council’s flagship event, “Think...

Politics

1 week ago Hong Kong’s HK$19 trillion in bank deposits proves safe haven status: Paul Chan

Hong Kong has become a “safe haven for capital” with bank deposits reaching over HK$19 trillion (US$2.4 trillion) this year, while the city’s goods exports have remained resilient despite the tariff war, according to the financial chief. Financial Secretary Paul Chan Mo-po on Sunday highlighted Hong Kong’s financial market performance, noting that the city’s bank deposits rose by 7 per cent last year and another 10 per cent in 2025. “Influenced by the geopolitical landscape, global investors are...

Economics

2 w. ago Beijing’s point man on Hong Kong affairs meets HSBC CEO Georges Elhedery

Beijing’s point man on Hong Kong affairs has met a delegation led by HSBC Group CEO Georges Elhedery, marking his second meeting with the bank’s leadership in eight months. But the Hong Kong and Macau Affairs Office did not reveal what was discussed in the meeting between its director, Xia Baolong, and Elhedery in Beijing on Thursday. Xu Qifang, the executive deputy director of the office and veteran HSBC banker Peter Wong Tung-shun had also attended the meeting. During his meeting with group...

Politics

2 w. ago How Hongkongers find their feet in shifting sands of desert kingdom Saudi Arabia

King Leung King-chung was just like many other Hongkongers used to a comfortable life with plenty of entertainment options and different cuisines close at hand – moving to the Arabian Desert to set up a business was the furthest thing from his mind. Leung, a finance graduate from the University of Hong Kong, had started his own tech start-up that included coding for websites during his second year of study. He then became one of the youngest start-up founders among his batch to join an...

Politics

2 w. ago Olympian Vivian Kong parries jabs with ‘fighting spirit’ in Hong Kong poll race

Hong Kong Olympian Vivian Kong Man-wai admitted she was a newcomer to the tourism field during a lively election forum, as she faced off against rival Ma Yat-chiu, who highlighted his industry credentials. She pledged, however, to serve the sector with the “fighting spirit of an athlete” if elected to the Legislative Council seat representing the tourism industry during the December 7 poll. The fencing star, who won gold at the 2024 Olympics, acknowledged she was less familiar with the industry...

Sport

2 w. ago Hong Kong to set up firm to speed up San Tin Technopole, boost I&T industry

Hong Kong authorities will take the lead by setting up a company to drive the development of a new innovation hub near the border, with the base focusing on prototyping, pilot production and small-scale manufacturing as strategic bets for the future. Secretary for Innovation, Technology and Industry Sun Dong said on Thursday that the San Tin Technopole would serve as a base for advanced manufacturing and strategic IT industries, attracting global resources and talent under a market-led...

Politics

2 w. ago Hong Kong construction, catering sectors pessimistic despite dip in unemployment

Hong Kong’s construction and catering sectors remain pessimistic about their recovery, despite a decline in unemployment rates, citing a lack of new private development projects and unattractive wages for junior positions in the food and beverage industry. Two industry representatives made the remarks on Thursday, after the government announced the latest unemployment figure of 3.8 per cent over the past three months, marking the first drop since mid-2023. This is 0.1 per cent lower than the...

Politics

2 w. ago 34% of Hong Kong firms plan to increase recruitment next year: survey

More than a third of Hong Kong employers plan to hire more staff in 2026, according to a survey by a leading recruitment consultancy firm, which attributes the “cautious optimism” to the city’s improving macroeconomic environment. The latest edition of Robert Walters Global Salary Survey, unveiled on Thursday, also found that 58 per cent of the roughly 200 organisations polled had introduced artificial intelligence in the workplace, with 49 per cent using it to optimise headcount. Conducted in...

Politics

2 w. ago Foodpanda feasts on 20% growth, aims to boost Hong Kong market position in 2026

Foodpanda aims to bolster its position in the Hong Kong market in the first half of next year, following a 20 per cent rise in both the number of orders placed and the amount customers spent during the first 10 months of this year. The on-demand food and grocery delivery platform on Wednesday also said that the sector’s prospects were strong, asserting that the city offered ample room for further growth. Ryan Lai Wai-yan, CEO of Foodpanda Hong Kong, said the company achieved a 20 per cent growth...

Politics

2 w. ago Hong Kong slams US report, cites benefits America enjoys in ties with city

The Hong Kong government has lashed out at a US legislative committee for its report that urged for more sanctions on the city, as it pointed to the “substantial” commercial interests and economic benefits America had in its ties with the financial hub. A government spokesman on Wednesday condemned the US-China Economic and Security Review Commission for its annual report released the day before, criticising its “groundless attacks, slanders and smears” against various aspects of the city’s...

Politics

2 w. ago Hong Kong slams US report, cites benefits America enjoys due to ties with city

The Hong Kong government has lashed out at a US legislative committee for its report that urged for more sanctions on the city, as it pointed to the “substantial” commercial interests and economic benefits America enjoyed due to its ties with the financial hub. A government spokesman on Wednesday condemned the US-China Economic and Security Review Commission for its annual report released the day before, criticising its “groundless attacks, slanders and smears” against various aspects of the...

Politics

2 w. ago Beijing slams US report ‘smearing’ Hong Kong business environment, achievements

Beijing has lashed out at a US legislative committee for a report urging more sanctions on Hong Kong, saying it smeared the financial hub’s business environment and achievements while blatantly interfering in the city and China’s internal affairs. The Hong Kong government also condemned the US-China Economic and Security Review Commission (USCC) on Wednesday over its annual report released the previous day, criticising its “groundless attacks, slanders and smears” against various aspects of the...

Politics

2 w. ago Hong Kong unemployment rate dips to 3.8% as business sentiment improves

Hong Kong’s unemployment rate dipped to 3.8 per cent over the past three months, the first decrease since mid-2023, with authorities attributing the decline to a steadfast improvement in business sentiment and a gradual recovery of consumer confidence. Preliminary data released by the Census and Statistics Department on Tuesday showed that the jobless rate for the August to October period decreased by 0.1 percentage point compared with the July to September figure. This marked the first drop in...

Politics

2 w. ago Hong Kong jobless rate dips to 3.8% as business and consumer confidence improve

Hong Kong’s unemployment rate dipped to 3.8 per cent over the past three months, the first drop since mid-2023, with authorities crediting the decline to steady improvements in business sentiment and a gradual recovery in consumer confidence. Preliminary data released by the Census and Statistics Department on Tuesday showed that the jobless rate for the August to October period decreased by 0.1 percentage point compared with the July to September figure. This marked the first drop in the...

Politics

2 w. ago Hong Kong banks on influencer Khaby Lame’s global fame to boost tourist numbers

The Hong Kong Tourism Board has leveraged the fame of hundreds of influencers, including Khaby Lame or “Speechless Brother”, the most-followed creator on short-video platform TikTok, to attract more tourists to the city. The board announced on Tuesday that the visit of the Senegalese-Italian had “allowed his global fans to see a different side of Hong Kong”. Lame’s visit formed part of a wider campaign aimed at boosting the city’s appeal to international travellers. According to the HKTB, more...

Politics