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

Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region unveiled his 2025-26 Budget today (February 26). He noted that while geopolitical situation might bring risks, technology reform and artificial intelligence (AI) development are remoulding the global landscape,

Hong Kong will press on with Northern Metropolis project and push for development of AI, finance chief Paul Chan pledges at Post budget forum.

Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an increasing deficit, authorities said Wednesday. Finance Secretary Paul Chan said during a budget speech that there would be a “cumulative reduction” of government recurrent expenditure by 7% from now until 2027-2028.

Driving innovation and technology was a key focus of Hong Kong SAR's Financial Secretary Paul Chan's 2025-26 Budget. Identifying Artificial Intelligence (AI) as being at its core, Mr Chan said Hong Kong would leverage its competitive edge under the "one country,

Financial Secretary Paul Chan witnesses the donation of $200 million to the Hong Kong Generative AI Research & Development Center in support of generative artificial intelligence development in the city.

Hong Kong's finance and technology ministers on Monday welcomed a HK$200 million donation by property developers to support the city’s generative

French Consul General Christile Drulhe says plenty of scope exists for collaboration and city remains attractive place for business Artificial intelligence (AI) has opened up new opportunities for business and academic exchanges between France and Hong Kong,

Hong Kong will press on with Northern Metropolis project and push for development of AI, finance chief Paul Chan pledges at Post budget forum.

Artificial intelligence will be at the heart of the government's efforts to turn the city into an Innovation and Technology (I&T) and science centre

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