Paul Chan, Hong Kong financial secretary, discusses the potential impact of the U.S. President Donald Trump's tariffs on China.

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.

But some lawmakers urge the government to make bidding exercises more attractive, saying land premium revenue ‘irreplaceable’.

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.

Club in talks with authorities for betting to be allowed for next NBA season, with source revising timeline for HK$1.5 billion in annual tax revenues.

Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing 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.

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 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’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's government has earmarked 1 billion Hong Kong dollars ($128.67 million) for the establishment of a new artificial intelligence research institute. It expects its economy to grow at an average rate of 2.9% a year in real terms from 2026 to 2029. Gary Ng, senior economist at Natixis, says that forecast is "too optimistic."