Hong Kong has officially overtaken Switzerland to become the world’s leading offshore wealth management hub, bolstered by a massive influx of private capital and landmark strategic backing from Beijing’s national development plan. The milestone coincides with a highly successful trade mission led by Chief Executive John Lee to Central Asia, which yielded nearly one hundred … Continue reading HK crowns global wealth management rankings as Chief Executive secures historic Central Asian business deals
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Chief Executive John Lee Ka-chiu announced on Tuesday that a two-month public consultation on Hong Kong’s first five-year plan will begin next Monday (June 15), aiming to gather views from citizens and industries on the city’s long-term development. Speaking before the Executive Council meeting, Lee said the plan’s discussion paper will be uploaded to a … Continue reading Public consultation on HK’s five-year plan to launch next Mon, says John Lee
North Korean leader Kim Jong Un and China's Xi Jinping agreed to expand cooperation in the areas of politics, economy and culture at a summit in Pyongyang that opened a new chapter in ties, the North's official KCNA news agency said on Tuesday. Making his first visit in seven years to China's only formal treaty … Continue reading North Korean, Chinese leaders agree to boost ties at Pyongyang summit
China will not swerve from its commitment to safeguarding common interests with North Korea or waver in its support for Kim Jong Un, President Xi Jinping told Pyongyang's leader on Monday during a rare summit. The neighbours should strengthen strategic ties and firmly protect their sovereignty, security, and development interests, Xi told Kim, an official … Continue reading China’s Xi vows unwavering support for North Korea’s Kim in rare Pyongyang visit
Hong Kong International Airport will expand its “Park & Fly” service to cover the entire Greater Bay Area from June 15, as the airport steps up support for the expanded Southbound Travel for Guangdong Vehicles scheme. A new “Park & Visit” service will also be launched in July to make self-drive visits to Hong Kong … Continue reading Greater Bay Area drivers to get expanded HK airport parking options
Ties between China and North Korea are at a "new historical starting point", President Xi Jinping said on Monday in a comment published in the neighbour's state media before his arrival in Pyongyang for a rare summit with leader Kim Jong Un. China's unwavering policy is to develop ties with the North and both will … Continue reading China’s Xi hails ‘new start’ in North Korea ties ahead of summit
China's President Xi Jinping hailed an "invincible friendship" with Pyongyang as he arrived in North Korea Monday, his first trip abroad this year after hosting back-to-back summits in Beijing. China, Washington's chief geopolitical rival, has been North Korea's main trading partner by far for decades and a key source of diplomatic and economic support for … Continue reading China’s Xi lands in North Korea for rare visit
The Hong Kong Observatory upgraded the rainstorm warning from amber to red at 1.15am on Monday, as areas of intense thundery showers associated with a broad trough of low pressure affected the city. Whether a black rainstorm warning needs to be issued depends on the development of the thundery shower areas. The Observatory issued a … Continue reading Amber rainstorm upgraded to red as heavy thundershowers hit HK
The Chief Executive-led delegation to Central Asia was a “huge success” due to the exceptionally high standard of reception received, with more state-owned enterprises from Kazakhstan expected to list in Hong Kong, chairman of the Hong Kong Trade Development Council Frederick Ma Si-hang said on Sunday. Speaking on a TV program, Ma noted that the … Continue reading Frederick Ma expects more Kazakh firms to list in Hong Kong after high-level Central Asia visit
Hundreds of young Chinese students clutching pens and their IDs shuffled into a testing centre in blue-skied Beijing on Sunday, swarmed by parents, joining millions sitting for the national high-stakes university entrance exam. Around 12.9 million students nationwide registered for this year's "gaokao", according to the Ministry of Education, which for most is the sole … Continue reading Millions of Chinese students sit for gruelling ‘gaokao’
Hong Kong’s new Committee on AI+ and Industry Development Strategy will hold its first meeting this month as the city pushes to embed AI into daily life, according to Financial Secretary Paul Chan Mo-po. Aligning with the Budget, Chan said the committee aims to boost AI understanding and use across society, initially focusing on life … Continue reading AI+ Committee to hold first meeting this month for city-wide tech adoption: Financial chief
The Football Association of Hong Kong, China (HKFA) announced on Friday that interim manager Roberto Losada has been permanently appointed as the head coach of the men's national football team. Alongside the coaching appointment, the association revealed that the city has been selected to host the Division 2 matches of the inaugural FIFA ASEAN Cup … Continue reading HKFA appoints Roberto Losada as head coach and prepares to host FIFA ASEAN Cup
Hong Kong experienced its hottest day of the year so far on Friday, breaking historical temperature records for the traditional "Mangzhong" solar term. However, the extreme heat is rapidly giving way to severe weather, with the Hong Kong Observatory (HKO) warning of potential hail, squally thunderstorms, and a continuous nine-day stretch of rain expected to … Continue reading Hong Kong swelters through hottest ‘Mangzhong’ on record as HKO warns of hail and nine-day downpour.
Two leading technology hubs in Hong Kong have signed strategic agreements with Uzbekistan’s premier IT park to accelerate global expansion, serving as a cornerstone of a highly successful Central Asian business mission that generated nearly one hundred new cross-border partnerships. A comprehensive push into Central Asia The dual technology partnerships were formalized during a high-profile … Continue reading Hong Kong tech hubs forge strategic ties with Uzbekistan during milestone Central Asia trade mission
