But some lawmakers urge the government to make bidding exercises more attractive, saying land premium revenue ‘irreplaceable’.
Budget to maintain Hong Kong's competitiveness amid fiscal consolidation data-link= to maintain Hong Kong's competitiveness amid fiscal
Hong Kong said on Wednesday that it is setting aside $127.67 million to create an artificial intelligence research institute that will conduct research and development.
· 19h
Investing in megaprojects crucial for Hong Kong’s growth despite deficits: Paul Chan
· 2d · on MSN
Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market.
HONG Kong Financial Secretary Paul Chan said the economy will grow modestly this year, as he looks to shrink the city’s deficit while countering headwinds from a slowing Chinese economy and rising trade tensions with the US.
Hong Kong is betting on the RISC-V open-source chip architecture to drive innovation and secure a position in China's semiconductor landscape amid escalating US chip restrictions. The city, which is planning to host the International Young Scientist Forum on Artificial Intelligence,
Hong Kong will launch a scheme to facilitate listings of tech companies on the stock exchange, the latest move to boost the appeal of the fundraising hub amid growing appetite among Chinese companies to raise funds offshore.
HONG KONG -- Various sectors in Hong Kong believed that the Hong Kong Special Administrative Region government's 2025-26 budget, which was released on Wednesday, is a comprehensive, robust, and pragmatic budget that further strengthens society's confidence in the future.
The government-owned Hong Kong Investment Corporation (HKIC), which manages HK$62 billion (US$8 billion) of funds, plans to debut a conference for young emerging artificial intelligence (AI) scientists,
Hong Kong’s technology enterprises are set to benefit from the city’s annual budget as the government plans to roll out investments in artificial intelligence research.
Hong Kong is expected to focus on steps to curb spending in its annual budget on Wednesday, as it seeks to tackle a fiscal deficit likely to have widened to double the city's target amid rising global economic uncertainty and a weak property market.
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