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Economics at scmp.com

Friday, Apr 26

18

Hong Kong’s economic growth depends on mindset shift, former leader CY Leung says citing trade, shipping services as focus areas

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CY Leung identifies trade and shipping services as areas for city, in pursuing second- or third-tier mainland Chinese companies to set up offices.

17

Land of the falling yen could tempt Hongkongers to spend in Japan instead of city as country’s currency hits 34-year low against US dollar

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Warning over effect on Hong Kong as yen hits 34-year low of 156.82 against US dollar after Bank of Japan held interest rates close to zero.

14

Hong Kong transport authorities cut estimated cost of controversial T4 road by 5% to HK$6.81 billion after questions raised over price tag

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Transport and Logistics Bureau submits revised funding request over Trunk Road T4 to the legislature’s Finance Committee.

Hong Kong to step up action against illegal ride-hailing services, rogue taxi drivers over ‘golden week’ holiday

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More inspections will be conducted in city’s tourist attractions, control points, restaurants and shops during mainland China holiday from May 1 to 5, authorities say.

13

Hong Kong halt on production of bags for waste-charging scheme sparks calls for introduction to be delayed ‘for at least a year’

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Halt to production of special trash bags for waste disposal scheme sparks call from city’s biggest party for yet another delay to the scheme’s introduction.

11

To become an AI hub, Hong Kong should start by preparing workers

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Hong Kong is committing billions to developing AI. But for the city to realise its ambitions, employers must do more to train workers and assuage concerns about safe use and job security.

05

Hong Kong home prices rise for first time in 11 months as removal of cooling measures boosts demand

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Prices of second-hand homes have increased for the first time in almost a year as the recent removal of cooling measures gave a much-needed boost to the beleaguered property market.

04

Why Hong Kong’s embrace of AI in education is much too superficial

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Hong Kong’s emerging debate on AI in education lags behind other parts of Asia despite a rich recent history of world-class pedagogical research. If we view AI through technological solutionism, we ignore the importance of localisation and…

Thursday, Apr 25

17

Sky’s the limit as Hong Kong rolls out red carpet, primes fireworks for Labour Day ‘golden week’

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Fireworks display and shopping discounts to be on offer for May ‘golden week’ holiday, but some lawmakers appeal for more attention for less well-known areas of city.

13

Hong Kong’s single-use plastics ban: suppliers of eco-friendly tableware urge patience amid concerns over quality

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Companies call for caterers to learn more about alternative tableware amid single-use plastics ban, using press conference to show quality of their goods.

11

Hong Kong customs arrests 2 ex-company directors, as shoppers claim HK$400,000 in undelivered goods after abrupt store closure

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More than 450 customers complain they never received prepaid purchases of clothing, beauty and cosmetic products, food, and household items.

10

China preps for clampdown on financial crimes with new version of anti-money-laundering law

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China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.

09

Hong Kong should divert more dental patients to private clinics to ease public service demand: lawmaker, concern group

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Joint call for public-private partnership to ease dental service shortage follows city’s auditor push for shake-up of appointment system at government clinics.

05

Hong Kong treasury chief tells UK minister BN(O) passports invalid as proof of identity in bid to sort out pensions confusion

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Treasury chief Christopher Hui seeks to clear up confusion over whether residents on UK citizenship pathway can withdraw pensions at meeting with visiting British minister.

02

Chinese, US corporate leaders propose to defuse trade tension on supply chain, new-energy vehicles at Apec’s business lobby

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The plan would next be submitted to the relevant ministries in each of the 21 member economies of Apec before appearing on the agenda of the Apec Leaders’ summit in Lima in the week of November 10.

Wednesday, Apr 24

16

Charles Li’s Micro Connect pushes unique financing model in Southeast Asia

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Charles Li, former head of the Hong Kong stock exchange, wants to bring its model of financing for a cut of daily revenue to Southeast Asia as early as the fourth quarter.

15

Hong Kong’s South China Morning Post picks up string of major international awards

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Company’s premium video arm, SCMP Films, comes away with gold at Wan-IFRA Digital Media Awards in Kuala Lumpur, days after being honoured at US events.

Hongkong Post fails to get Audit Commission stamp of approval on safeguarding national security

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Public spending watchdog criticises postal service for not including safeguarding national security clauses in contracts for stamp designs.

12

136 family offices eyeing setting up or expanding operations in Hong Kong: treasury chief

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Treasury chief Christopher Hui says figure includes 82 family offices based on mainland, 27 from Europe and nine located in the Middle East.

07

After death of 2 sewer workers, Hong Kong authorities should investigate contractor safety measures, unions and concern groups say

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Unions and concern groups ask why sewer workers were underground and whether contractors provided protective gear or followed safety rules.

Hong Kong stock exchange operator HKEX sees profit slip 13 per cent as lower turnover, fewer listings weigh

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Net profit for the January-to-March period came in at HK$2.97 billion (US$380 million), or HK$2.35 per share, beating a consensus estimate of a 14 per cent decline and improving on the fourth quarter of 2023 by 14 per cent.

01

China is running a full-court press for global arbitration clients. What’s the verdict so far?

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As China works to sell itself as a viable destination for international firms to air their disputes through arbitration, more must be done for these efforts to meet with success, analysts and professionals say.

Tuesday, Apr 23

19

Jockey Club donates HK$ 720 million to help low-income families in transitional housing become self-reliant

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According to the latest research, one-fifth of Hong Kong’s population live in poverty. To address this issue, and in particular to uplift low-income households living in transitional housing, The Hong Kong Jockey Club announced last…

16

Hong Kong’s economy grew between 2.5% and 3.5% in first quarter, Paul Chan says

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Finance chief says property and stock markets still under pressure amid geopolitical tensions, urges investment in green development and digital economy to drive growth.

13

Hong Kong to host high-powered summit for global talent along with one-stop information shop expo

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Global Talent Summit – Hong Kong will be held May 7-8 alongside CareerConnect Expo featuring almost 100 exhibitors.

08

Hong Kong leader John Lee says no need for law targeting fake news, citing faith in practitioners’ self-discipline

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Lee says some media practitioners and outlets are already ‘refuting or correcting’ misinformation.

Hong Kong’s John Lee shrugs off criticism over single-use plastics ban, says ‘market forces’ will lead to better utensils

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John Lee says administration’s main concerns are steady supply of alternative products and affordability for consumers.

04

For Hong Kong to thrive, the private sector must rise to the challenge

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The past will not deliver the future, and Hong Kong’s private sector must take on more direct responsibility, to identify and embrace today’s vastly different economic opportunities.

02

HK$888,888 for a set of plastic utensils? Hongkongers have some fun with ban

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As city bans single-use plastic, some residents are offering ‘out-of-production’ items for eye-watering prices online.

Monday, Apr 22

18

Environmental report on planned Hong Kong tech hub near mainland China border gets conditional green light

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The Advisory Council on the Environment has unanimously endorsed the environmental impact assessment report on the San Tin Technopole with eight conditions.