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.

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...

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'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.

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.

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 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.

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

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 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...