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

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

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 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.

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 has recorded annual deficits exceeding $20 billion in three of the past four years, according to official figures. The city’s finance chief Paul Chan said Sunday that the deficits were caused by “multiple internal and external challenges” and that a new budget unveiled on Wednesday will tightly control public spending.

Hong Kong’s government has been urged to push development forward by Beijing, but what does that entail in an era of belt-tightening?

Expert calls for measures in budget to lure firms that want to ‘make a fortune’, as finance minister eyes ways to ‘moderately’ boost revenue.

Hong Kong SAR's Financial Secretary Paul Chan delivered his 2025-26 Budget yesterday (February 26), with a clear path and initiatives to rein in the deficit, while accelerating the city's development and maintaining its competitive edge of a low and simple tax regime.