Finance chief says bond issuance an ‘investment in the future’, stresses need to speed up Northern Metropolis development amid fierce competition.

HONG KONG SAR - Media OutReach Newswire - 27 February 2025 - Hong Kong SAR's Financial Secretary Paul Chan delivered his 2025-26 Budget yesterday (February 26), with clear path and

Finance chief says commercial sites could be rezoned for residential, other purposes based on changing market, to give project more flexibility.

Finance minister says suggested charge will only affect 15 per cent of travellers and government is open to discussion on fee amount.

There are some cost-cutting measures but they are only a piecemeal and definitely not a game-changer,’ Gary Ng says.

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

Finance secretary lays out new and increased fees to boost revenue and a string of cutbacks to reduce government’s expenditure.

The Post examines the difficulties the government faces should it cut expenditure in major spending areas, such as the HK$2 transport subsidy, public healthcare and civil servant salaries Hong Kong's finance chief is expected to deliver his budget speech on February 26 and is under mounting pressure to balance the books.

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 is expanding the ways investors can trade virtual assets, its financial regulator said on Wednesday, as the city races to become Asia's digital assets hub and attract capital.

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 Financial Secretary Paul Chan Mo-po has delivered his annual budget speech, announcing measures to cut public spending and boost revenues to tackle the deficit. Chan on Wednesday also revealed the deficit had reached HK$87.