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Hong Kong authorities have streamlined a mechanism designed to help children at risk of suicide after the city leader noted an imbalance in the use of resources and asked for improvements. The government also announced on Friday a one-year extension of the emergency three-tier mechanism, which was launched in December 2023 and was due to […]
A religious group is selling Hong Kong residential properties at an accelerated pace, cashing in HK$110 million (US$14 million) amid increasing activity in the housing market now that the cost of borrowing has started to decline. Watch Tower Bible and Tract Society of Pennsylvania, associated with the Christian denomination known as Jehovah’s Witnesses, sold 11 […]
Hong Kong’s Airport Authority plans to expand the capacity of its gold vault from 150 tonnes to 1,000 tonnes, in a bid to support the city’s ambitions of becoming a global trading hub for the precious metal amid fierce competition from Singapore. The authority on Monday said it was finalising the expansion plan for the […]
The “results-oriented” government Chief Executive John Lee Ka-chiu has vowed to run seems to be having a few hiccups. Six key performance indicators (KPIs) could not be ticked off the list in time for Lee’s third policy address last week. While the six tasks span various departments and Lee explained that the delays were due […]
Sixteen major Hong Kong banks said they would set aside HK$370 billion (US$47 billion) of funds for small and medium-sized enterprises (SMEs) to cope with economic hardships. The loan amount could potentially rise after the city’s de facto bank lowered a key capital requirement with immediate effect on Friday. The Hong Kong Monetary Authority (HKMA) […]
Hong Kong’s leader has said his third policy address to be unveiled on Wednesday will focus on reforms aimed at enhancing the city’s development and improving people’s livelihoods. Chief Executive John Lee Ka-chiu shared about the annual blueprint at a weekly press briefing on Tuesday, unveiling the theme of this year’s address: “Reform for Enhancing […]