Hong Kong's finance chief, Paul Chan Mo-po, expressed confidence that the city will climb to at least second place in the global ranking of international financial centers within the next 10 to 15 years. He made the remarks on Wednesday at an HSBC event.

Hong Kong's finance chief, Paul Chan, has outlined a 'flexible and innovative' approach to attract businesses to the Northern Metropolis, offering land, tax incentives, and financial support. However, the proposed new academic town within the metropolis, which Baptist University is considering, is facing questions over its slow development pace.

Hong Kong's financial chief, Paul Chan, has highlighted the newly unveiled 15th five-year development plan as a 'golden strategic period' for the city, emphasizing its potential amid geopolitical shifts.

Hong Kong's Financial Secretary Paul Chan Mo-po has announced that the city does not plan to receive any transfers from its Exchange Fund in the next five years, citing a new medium-range forecast.

Hong Kong’s financial chief has defended his latest budget against public criticism over the lack of sweeteners, stressing that the government must balance its finances with long-term investments for the city’s benefit. Financial Secretary Paul Chan Mo-po said on Thursday he would brief credit-rating agencies and the International Monetary Fund next month on his budget, including the proposed HK$150 billion (US$19.2 billion) transfer from the Exchange Fund to support infrastructure projects. ...

Hong Kong's Financial Secretary Paul Chan Mo-po released the budget, aiming to sharpen the city's competitive edge as an offshore yuan hub, an asset and wealth management base, and a digital-asset front runner.

The Hong Kong government has recorded a budget surplus of HK$51.3 billion after three continuous years in the red, Financial Secretary Paul Chan has announced in his 2026 budget speech. Chan, delivering his address at the Legislative Council on Wednesday, announced the estimated surplus after the government gradually narrowed a deficit over the course of […]

Hong Kong's finance chief Paul Chan announced that the city's 22-year-old harbour light show, 'A Symphony of Lights,' will be replaced as part of the 2026 Budget.

Hong Kong Financial Secretary Paul Chan is expected to announce funding details for the proposed HK$6.8 billion buyouts of the fire-ravaged Wang Fuk Court flats during his annual Budget speech.

Hong Kong has struck a balance between financial security and innovation in its strategic roles as a “testing ground” and “firewall” for the nation’s reform and opening up, the city’s finance chief…

Hong Kong's Financial Secretary Paul Chan Mo-po has defended the powerful AI agent OpenClaw, likening it to an efficient 'digital employee' and suggesting it should be improved to address security risks rather than dismissed.

Financial Secretary Paul Chan Mo-po delivered his latest budget on February 25. Over the past decade, under his stewardship, Hong Kong has weathered multiple economic shocks and recently returned to a respectable growth rate of 3.5 per cent. Yet the tasks ahead are formidable: addressing a structural fiscal deficit in the city’s capital account while ensuring sufficient resources for future growth, all against an increasingly volatile and dangerous global backdrop. Article 107 of Hong Kong’s...

Following a challenging cycle, Financial Secretary Paul Chan Mo-po has delivered a budget returning Hong Kong to the black. After consecutive operating deficits, the operating account has returned to profit. Simultaneously, the consolidated account records a HK$2.9 billion (US$370.6 million) surplus for 2025/26, signalling stability. This turnaround is driven largely by a buoyant stock market and a stabilising property sector, reviving stamp duty revenues and investment income. This provides...

Hong Kong will establish the first national manufacturing innovation centre outside mainland China and a high-level steering committee to spearhead AI development, the finance chief has said, as the city seeks to align with the country’s 15th five-year plan. Financial Secretary Paul Chan Mo-po also unveiled a citywide artificial intelligence (AI) literacy drive in Wednesday’s budget, earmarking funds for various organisations to set up courses on the technology. “We must embrace the 15th...

Hong Kong's finance chief, Paul Chan, has earmarked HK$30 billion (US$3.8 billion) in the latest budget to accelerate the Northern Metropolis megaproject through government partnerships with developers and tech enterprises.

The Hong Kong government will set aside HK$4 billion to buy out the fire-ravaged Wang Fuk Court flats in Tai Po, the city’s finance chief has said. Financial Secretary Paul Chan announced the plan during the 2026 budget speech on Wednesday, days after the government unveiled its buyout plan. Deputy Financial Secretary Michael Wong previously […]

Hong Kong's finance chief Paul Chan will chair a new "AI+ and Industry Development Strategy" committee as part of the 2026 budget, aiming to integrate AI technologies across industries.

Hong Kong must exercise fiscal prudence, carefully weighing social needs while maintaining adequate reserves to guard against unforeseen circumstances, the finance chief has said as he outlined the principles of the budget he will deliver on Wednesday. Financial Secretary Paul Chan Mo-po on Sunday also revealed the purple cover of the coming 2026-27 budget, saying the colour symbolised Hong Kong’s strengthening economic momentum amid a volatile external environment. The remarks came as the ci...

Hong Kong’s finance chief, Paul Chan, announced that the city’s economy demonstrated resilience in the first quarter of 2026 despite a volatile stock market and ongoing Middle East conflict.

Hong Kong's Financial Secretary Paul Chan Mo-po delivered a budget speech emphasizing the city's role in national economic development and innovation.

The Hong Kong government is prepared for greater global market volatility and risks, as well as increased trade costs and shifting commodity prices, caused by the joint US–Israel attack against Iran,…

Hong Kong’s finance chief has assured the public that the city can manage its debt after proposing the issuance of more bonds to accelerate the development of the Northern Metropolis, expressing confidence in the long-term investment returns from the megaproject. Financial Secretary Paul Chan Mo-po sought to reassure the public during a radio programme on Friday after a university student voiced concerns that his generation might suffer if the city failed to repay the growing number of bonds...

Hong Kong taxpayers will enjoy higher tax cuts, including the child allowance, starting in the 2026-27 fiscal year, the city’s financial minister has said. Financial Secretary Paul Chan said during hi

Hong Kong's Financial Secretary Paul Chan delivered the annual budget speech, raising the economic growth forecast for the year and announcing tax cuts for taxpayers and businesses, signaling an end to deficits.

Hong Kong’s finance chief has announced a HK$200 million fund to support “rural tourism” in the city’s sprawling Northern Metropolis development plan. Financial Secretary Paul Chan said during his ann

Hong Kong Financial Secretary Paul Chan Mo-po is set to deliver the city's annual budget, with expectations for measures to accelerate economic recovery and introduce more 'sweeteners' for the public.