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POLITICSSep 18Hong Kong’s new chapterDownload the PDF This is the first part of a Factsheet series on Hong Kong’s debut five-year plan and the 2026 policy address. Click here for part two. The series was produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will be available in the SCMP print edition on September 21. You can find it at newsstands and convenience stores. For any inquiries, contact printsupport@scmp.com.South China Morning Post
SCI & TECHSep 18The need for speed as Hong Kong plugs in[The content of this article has been produced by our advertising partner.] Hong Kong is preparing for many more electric vehicles on its roads. The city’s First Five-Year Plan, announced alongside the Policy Address, calls for the steady electrification of vehicles and safe, efficient charging networks, with around 10,000 fast chargers expected by 2035 to support about 500,000 EVs. That longer-term target follows an updated EV roadmap released in February, which calls for fast chargers to...South China Morning Post
POLITICSSep 18Hong Kong’s new chapterThis is the first part of a Factsheet series on Hong Kong’s debut five-year plan and the 2026 policy address, click here for part two. The series was produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will be available in the SCMP print edition on September 21. You can find it at newsstands and convenience stores. For any inquiries, contact printsupport@scmp.com.South China Morning Post
POLITICSSep 18Blanket of security planned for state funeral of Tung Chee-hwa in Hong KongHong Kong police will establish a high level of security for this weekend’s state funeral of the city’s first chief executive, Tung Chee-hwa, including guarding the three top Beijing officials attending the event, the South China Morning Post has learned. However, the original public memorial service will instead be limited to invitation-only due to venue constraints, the Office of Former Chief Executives announced on Thursday. A command centre would be set up at the police headquarters in Wan...South China Morning Post
BUSINESSSep 17Hong Kong malls bet on Asian Games to boost footfall, tenant sales amid spending shiftsHong Kong shopping mall operators are extending a strategy used during this year’s Fifa World Cup into the Asian Games, leveraging major sporting events to draw visitors and support tenant sales as retailers face competition from Shenzhen, overseas shopping and online spending. Sino Group is among the landlords expanding the strategy beyond tournament broadcasts. It expects foot traffic across four malls to increase during its Asian Games campaign, with selected merchants forecast to record...South China Morning Post
POLITICSSep 17Hong Kong hits out at US panel over Jimmy Lai hearing and sanctions billHong Kong authorities have hit out at a US congressional commission for colluding with “anti-China politicians” to hold a hearing on jailed former media boss Jimmy Lai Chee-ying and introducing a bill to “intimidate” local national security officials with sanctions. The government issued the condemnation on Thursday night after the US Congressional-Executive Commission on China (CECC) held a hearing the previous day on Lai, founder of the now-defunct Apple Daily newspaper. During the hearing,...South China Morning Post
BUSINESSSep 17VinFast (VFS)-Backed Taxi Firm GSM Plots a US and European Push ahead of its Hong Kong IPOGSM, a taxi firm backed by VinFast, is planning to expand its operations into the US and Europe ahead of its Hong Kong IPO. This indicates significant growth ambitions and a major financial move in the global transportation and automotive sectors.Yahoo Finance
POLITICSSep 17Hong Kong to legislate against persistent child sexual abuse and ‘cyberflashing’Hong Kong authorities have said they will legislate against persistent sexual abuse of children and the act of sending images of genitals to others online without consent after consulting the public. In a consultation report published on Thursday, the Security Bureau stated that with the city’s two professional legal associations expressing broad support for a dedicated law targeting persistent child sexual abuse, the government would include the crime in an amendment bill overhauling sex...South China Morning Post
BUSINESSSep 17100 start-ups joining Hong Kong’s flagship tech hub to get top mentorsAround 100 start-ups selected to join Hong Kong’s flagship border tech hub will undergo mentorship programmes ranging from five to eight years, backed by industry heavyweights, the operator has revealed. Vincent Ma, CEO of Loop Hong Kong Park Company, said in an interview on Thursday that the start-ups were chosen to join the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) following a months-long screening process. “We have chosen 100 start-ups to enter our park soon following a few...South China Morning Post
WORLDSep 17Self-funded campuses favoured in Hong Kong’s new university townsTertiary institutions seeking to establish campuses in one of three university towns planned for the Northern Metropolis megaproject will be given “favourable consideration” if they do not require a government loan to build their facilities, Hong Kong’s education minister has said. The government has expanded all three university towns – formally named in Chief Executive John Lee Ka-chiu’s annual policy address on Wednesday – and opened applications for interested institutions to submit their...South China Morning Post
BUSINESSSep 17Hong Kong eyeing gold expansion and Northern Metropolis vaults to cement hub statusHong Kong’s plan to raise its gold holdings will further cement the city’s status as an international financial centre, with the possibility of building vaults in the Northern Metropolis megadevelopment, according to authorities. Financial Secretary Paul Chan Mo-po also said on Thursday the city was under “no pressure” to raise interest rates following a US rate hike, but stressed authorities would “keep a close watch” on the situation. Speaking at a conference the day after the policy address...South China Morning Post
BUSINESSSep 17Hong Kong will lack 130,000 workers by 2028, fewer than projected due to talent policiesHong Kong will be short of 130,000 workers by 2028, about a third less than originally projected, a reduction the city’s labour chief attributed to the development of artificial intelligence and government policies to import labour and top talent. A day after the release of the city’s first five-year plan and annual policy address, Secretary for Labour and Welfare Chris Sun Yuk-han said on Thursday that authorities would exempt start-up founders approved under the Top Talent Pass Scheme from...South China Morning Post
BUSINESSSep 17Hong Kong property market gets reprieve on rates, but position remains precariousHong Kong’s property market dodged an immediate hit from the Federal Reserve’s rate hike on Thursday as major local banks kept their prime rates unchanged, but another increase could puncture the market’s relatively fragile recovery, according to industry insiders. The Fed raised its benchmark rate by a quarter point at its latest meeting on Wednesday in the US, but HSBC and other major Hong Kong banks left their prime rates unchanged. The decision should have no immediate impact on the local...South China Morning Post
BUSINESSSep 17How Hong Kong’s new 5-year plan courts global capital with an eye on market dominanceHong Kong is broadening its equity markets, deepening its offshore yuan business and expanding further into gold trading under its first five-year plan for economic and social development, as the city seeks to defend its standing as Asia’s top financial centre and close the gap with London. Unveiled on Wednesday by Chief Executive John Lee Ka-chiu alongside his 2026 policy address, the blueprint outlines a package of financial plans to “consolidate and enhance Hong Kong’s status as an...South China Morning Post
WORLDSep 17Hong Kong police officer left paralysed in 2005 knife attack diesA former Hong Kong police constable who was left paralysed and bedridden for 21 years following a knife attack during a stop-and-search has died, the South China Morning Post has learned. A source said Jacky Chu Chun-kwok, who was in his fifties, died on Wednesday. Frankie Leung Chun-kit, chairman of the Junior Police Officers’ Association, said on Thursday that the force’s management supported burying Chu in Gallant Garden, a dedicated site at Wo Hop Shek Public Cemetery for public servants who...South China Morning Post
WORLDSep 1722 months’ jail for Hong Kong driver who fatally struck student at traffic junctionA Hong Kong man has been sentenced to 22 months behind bars for driving dangerously and causing a 19-year-old student’s death at a pedestrian crossing two years ago. The District Court on Thursday also disqualified Ernest Au Yeung Shiu-hong from driving for five years and criticised his “extremely dangerous and irresponsible” attitude that led to Lisa Pun’s death on November 7, 2024. Au Yeung, an NGO event organiser, drove his Tesla Model Y past a box junction on On Lok Road in Yuen Long at...South China Morning Post
BUSINESSSep 17Hong Kong airport records 10% passenger growth as cargo falls for a second monthHong Kong International Airport (HKIA) recorded a roughly 10 per cent increase in passenger traffic in the first eight months of the year, while cargo volume declined for a second consecutive month in August amid weak exports. The airport said passenger numbers rose 10.1 per cent year on year to 44.3 million between January and August, while flight movements increased 3.5 per cent to 269,900. Passenger traffic in August reached 5.86 million, up 3.5 per cent from a year earlier, while flight...South China Morning Post
SCI & TECHSep 17Hong Kong’s ‘AI city brain’ will not tap personal data, breach privacy: John LeeHong Kong’s new “AI city brain” will not involve personal data and poses no privacy concerns, the city leader has said, adding that the system will also help improve visitor management during “golden week” holidays. Chief Executive John Lee Ka-chiu also stressed on Thursday the importance of AI education and the need to nurture young people’s AI literacy, citing overseas examples of adolescents who became socially isolated after relying too heavily on the technology. In his annual policy address...South China Morning Post
BUSINESSSep 17HSBC axes $38,000 school fee perk for new Hong Kong bankersLongstanding subsidy had been used to attract senior staff to Asian financial hubFinancial Times
POLITICSSep 17Hong Kong leader John Lee vows to review IVF support for women over 40Hong Kong leader John Lee Ka-chiu has vowed to examine whether the government can better support women aged over 40 who are seeking assisted reproductive treatment, while acknowledging that financial incentives alone would not reverse the city’s falling birth rate. Lee made the pledge during a radio phone-in programme on Thursday, when residents described obstacles to having children, including job insecurity. Among the callers was a woman surnamed Lee, who said a medical condition and a lengthy...South China Morning Post
BUSINESSSep 17Hong Kong to support rocket, satellite IPOs as SpaceX-led sector takes offHong Kong aims to adjust listing rules to grab a share of initial public offerings (IPOs) by mainland China’s space companies as activity in the sector increases in line with Beijing’s priorities and heightened activity in the sector following the blockbuster June listing by Elon Musk’s SpaceX. That could lead to more head-to-head competition between the Hong Kong stock exchange and the Shanghai Stock Exchange, which is now drawing a majority of such listing applications, including commercial...South China Morning Post
POLITICSSep 17Hong Kong’s first 5-year plan, John Lee’s 2026 policy address: everything you need to knowWe have put together stories from our coverage of John Lee’s 2026 policy address. If you would like to see more of our reporting, please consider subscribing. 1. 14 key takeaways from John Lee’s policy address, Hong Kong’s first 5-year plan Hong Kong Chief Executive John Lee Ka-chiu has placed deepening integration with mainland China and developing new economic engines centre stage as he unveiled the city’s first-ever five-year plan alongside the last policy address of his term. 2. Hong Kong...South China Morning Post
BUSINESSSep 17Hong Kong’s 5-year plan, policy continuity offer investors more stability, experts sayLonger-term vision and policies with continuity mapped out in Hong Kong’s inaugural five-year plan, along with the latest policy blueprint, offer investment opportunities and more stability for investors, according to experts and commentators. Hong Kong marked a historic milestone on Wednesday when Chief Executive John Lee Ka-chiu unrolled the city’s first five-year development plan with his fifth policy address to align with China’s long-term national strategy. The explicit directions Lee set...South China Morning Post
BUSINESSSep 16Hong Kong targets gold trading, FPS-UnionPay link to boost yuan useHong Kong will expand the use of the yuan in areas including gold trading and cross-border payments, as policy blueprints call for the city’s biggest push yet to internationalise the Chinese currency. Chief Executive John Lee Ka-chiu on Wednesday devoted part of the city’s first five-year plan and his annual policy address to developing a gold trading ecosystem and creating a regional intellectual property trading centre in the city. “We will consolidate and enhance Hong Kong’s status as an...South China Morning Post
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