Secretary for Innovation, Technology and Industry Sun Dong said on Thursday that Hong Kong aims to turn its research strengths in diagnostics, therapeutics and elderly care into practical, industry-ready innovations. His remark followed the budget s...

The Department of Justice said it will carefully review a ruling handed down by the Court of Appeal quashing a fraud conviction against Jimmy Lai, founder of the now-defunct Apple Daily, and decide whether to appeal. The case revolves around a site ...

Hong Kong's Digital Policy Office and Guangxi's Big Data Development Bureau signed a Memorandum of Understanding on Thursday to strengthen cooperation in artificial intelligence, and jointly explore new opportunities for digital development. Speakin...

Deputy Financial Secretary Michael Wong said an additional HK$900 million to HK$1 billion would be required should Wang Chi House – the only block of flats in Wang Fuk Court not to have been directly ravaged by an inferno in November – be include...

Local deputies to the National People's Congress are seeking support during the upcoming annual political gatherings in Beijing for ways to bolster Hong Kong's key strengths in line with areas targeted for development priority in the national five-ye...

Tax and accounting experts said on Thursday they believed that Hong Kong's move to review the city's tax regime, as proposed in the financial secretary's latest budget blueprint, could possibly broaden the tax base and make the SAR a more attractive ...

Financial Secretary Paul Chan said on Thursday during a phone-in programme that the government must be careful with public money and balance priorities when asked why he did not offer more support to families with children in his budget plans. On W...

Hong Kong will reap all the benefits that investing in the Northern Metropolis brings, Financial Secretary Paul Chan said, adding that Hong Kong must seize the rare opportunity the mega project offers to attract enterprises to set up in the city. H...

The sports sector has welcomed a funding boost announced in the latest budget, with HK$1.2 billion set to be injected into the sports portion of the Arts and Sport Development Fund. The government said the additional funds will be used to enhance tr...

Major business groups on Wednesday welcomed Financial Secretary Paul Chan’s latest budget, praising measures aimed at promoting technological advancement and supporting local enterprises. The Hong Kong General Chamber of Commerce said it was pleas...

DAB lawmaker Nixie Lam has welcomed a series of tax relief measures in the latest budget, saying they will directly support families and help ease their financial pressure. In his budget speech on Wednesday, Financial Secretary Paul Chan announced a...

Chief Executive John Lee on Wednesday met with the visiting Communist Party Secretary of Guangxi, Chen Gang, to exchange views on deepening co-operation between Hong Kong and the Guangxi Zhuang Autonomous Region. Lee said the SAR has established a t...

Lawmakers have welcomed the financial secretary's budget initiatives to strengthen Hong Kong's intellectual property trading ecosystem, though some emphasised that technical expertise, proper valuation mechanisms and legal updates will be critical to...

Industry leaders and analysts said on Wednesday they expected the adoption of electric vehicles to slow down significantly now that the "One-for-One Replacement Scheme" would not be extended beyond its expiry date at the end of March. Mark Webb-John...

Financial Secretary Paul Chan on Wednesday cited market maturity as the main reason for scrapping concession arrangements for private electric vehicles. The government will stop providing higher first registration tax concessions for those who repl...

The Hong Kong Tourism Board welcomed on Wednesday the government's support for its work and for driving the long-term development of the industry. This came after Financial Secretary Paul Chan said in his budget speech that a HK$1.66 billion subvent...

The Urban Renewal Authority (URA) is set to receive HK$300 million for rolling out an upgraded tendering platform to tighten scrutiny of contractors for renovation projects, with sources saying a third of the money will be used to hire professionals ...

Finance chief Paul Chan on Wednesday revealed plans to transfer HK$150 billion from the Exchange Fund to support the development of the Northern Metropolis and other infrastructure projects. He said in his budget speech the plan is to put the money ...

Financial Secretary Paul Chan announced on Wednesday a series of measures including tax concessions and allowances to ease the economic pressure on people and businesses. The personal assessment for both salaries and profits taxes will be reduced by...

Hong Kong will host a new light festival-themed show to replace the decades-old daily light show, according to Financial Secretary Paul Chan. The move is among a raft of events announced in the latest budget aimed at further boosting Hong Kong's app...