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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
BUSINESSSep 16Hong Kong aims to raise innovation spending to 3% of GDP by about 2030Hong Kong will strive to raise its expenditure on innovation activities to a level equivalent to 3 per cent of gross domestic product (GDP) by around 2030, nearly double the current rate, according to the city’s first five-year plan. Chief Executive John Lee Ka-chiu unveiled the ambitious goal, together with measures to boost frontier technologies, including aerospace research, on Wednesday. Among the 22 indicators laid out in the plan, the government aims to raise the ratio of total domestic...South China Morning Post
BUSINESSSep 16Hong Kong sets 5-year plan to double innovation spending, boost new industriesHong Kong’s leader has unveiled the city’s first five-year blueprint, aligned with China’s national development strategy, setting targets to nearly double innovation spending and raise the share of manufacturing and new industries to 5.5 per cent of the economy. In a historically significant new approach, Chief Executive John Lee Ka-chiu prefaced his annual policy address on Wednesday with a comprehensive set of binding and anticipatory or aspirational longer-term targets for Hong Kong up to the...South China Morning Post
POLITICSSep 16Hong Kong leader vows support for media’s global reach, to review TV practice codeHong Kong’s leader has expressed renewed support for the local media industry, including strengthening its global reach and reviewing the code of practice for television to ensure it keeps abreast with the times. Chief Executive John Lee Ka-chiu made the pledges in both the city’s first five-year plan and the policy address he unveiled on Wednesday. In the section on “Develop an East-meets-West Centre for International Cultural Exchange” under the five-year plan, Lee said: “We will strengthen...South China Morning Post
BUSINESSSep 16Swire Group welcomes Hong Kong’s first Five-Year Plan, Policy AddressThe Swire Group said it welcomed Hong Kong’s first Five-Year Plan and measures outlined in the 2026 Policy Addressthestandard_hk · hong kong
POLITICSSep 16Hong Kong to offer ‘attractive’ merger deals for schools beyond those strugglingHong Kong education authorities will offer a “very attractive” proposal and policy support to encourage schools without survival issues to merge amid the shrinking student population, according to official sources. The government said it might allow aided schools and semi-private Direct Subsidy Scheme (DSS) schools to merge and operate across two campuses, though all arrangements remained subject to the forthcoming announcement of further details. Chief Executive John Lee Ka-chiu announced that...South China Morning Post
POLITICSSep 16Hong Kong’s new training visa could be available in first quarter of 2027A new visa intended to attract international talent to participate in short-term training programmes in Hong Kong could become available as early as the first quarter of next year, the South China Morning Post has learned. The final policy address of Chief Executive John Lee Ka-chiu’s current term also put the spotlight on five existing or soon-to-launch academies that would seek to train overseas professionals and organise international events. They and the new visa category were among a spate...South China Morning Post
BUSINESSSep 16Hong Kong targets film tourism boom and higher-level tennis tournamentsHong Kong will introduce themed tourism routes showcasing the city’s most recognisable filming locations and explore upgrading Victoria Park’s Centre Court to host higher-level tennis tournaments, as authorities seek to significantly increase the sector’s economic contribution under the city’s first five-year development plan. The 2026-30 blueprint aims to raise the tourism industry’s value added from HK$86.2 billion (US$10.9 billion) in 2024 to HK$126 billion by 2030 – an increase of about 40...South China Morning Post
BUSINESSSep 16First building in Hong Kong’s university town project to be ready in monthsThe first building in the 1,000-hectare (2,472-acre) university town project in the Northern Metropolis will be completed by the end of this year, Hong Kong’s leader has said, revealing that the flagship tower is called Loop Academy One. Announcing Hong Kong’s first five-year plan on Wednesday, Chief Executive John Lee Ka-chiu also revealed the official names of the three Northern Metropolis developments: San Tin University Town, Hung Shui Kiu University Town and Ta Kwu Ling University Town. The...South China Morning Post
BUSINESSSep 16Hong Kong to woo finance and tech firms with new tax breaksHong Kong will introduce various tax incentives for new finance and technology industries to attract businesses and reinforce the city’s role as a leading financial hub, the city leader has announced in his policy address. Tax concessions to draw intellectual property (IP) businesses and selected industries to the city were among the new measures Chief Executive John Lee Ka-chiu announced on Wednesday, while the halving of the profits tax rate for gold traders would be sped up. To speed up the...South China Morning Post
DISASTERSep 16Hong Kong leader pledges building maintenance reforms after fatal Tai Po fireHong Kong’s leader has pledged to overhaul the city’s building maintenance regime and improve emergency response as part of the government’s response to last year’s fatal Tai Po fire, while authorities study criminalising bid-rigging and plan to submit a proposal later this year. The measures were outlined in Chief Executive John Lee Ka-chiu’s policy address on Wednesday, amid pressure on the government to strengthen oversight of renovation works after the city’s deadliest fire in decades at...South China Morning Post
SCI & TECHSep 16Hong Kong to set up ‘AI city brain’ to boost disaster response and public safetyHong Kong will create an “AI city brain” system to strengthen its response to extreme weather events, major incidents and public order management, while creating the role of artificial intelligence commissioner to tackle emerging challenges. While the city’s first five-year plan set out a vision to advance technology development, Chief Executive John Lee Ka-chiu outlined seven key areas of AI risk governance in Wednesday’s policy address, including efforts to combat the use of AI in crime and...South China Morning Post
POLITICSSep 16Hong Kong’s HK$30,000 bonus for second child among 11 new measures to boost birthsHong Kong authorities have rolled out 11 new initiatives to encourage residents to have children, including an expanded cash bonus scheme and a reduced down payment for subsidised housing for parents with newborns. In the latest policy address delivered on Wednesday, Chief Executive John Lee Ka-chiu announced that the HK$20,000 (US$2,550) newborn bonus scheme, expiring on October 24, would be extended for another three years. He added that the cash bonus for second and subsequent children would...South China Morning Post
WORLDSep 16Hong Kong launching pilot scheme to bring in foreign carers for the elderlyHong Kong will introduce a pilot scheme next year to bring in foreign domestic carers to look after older residents as part of a broader package of measures announced in the policy address to deal with an ageing population. Chief Executive John Lee Ka-chiu said in his address on Wednesday that the government would admit carers under a scheme modelled on the city’s existing foreign domestic helper regime. “With reference to the existing regime for admitting foreign domestic helpers, the...South China Morning Post
SCI & TECHSep 16Hong Kong aims to raise zero-carbon energy share of fuel mix to 30% by 2030Hong Kong has pledged to boost the share of zero-carbon energy in its electricity generation fuel mix to 30 per cent by 2030, up from the current 28 per cent – one of four binding environmental protection targets set out in the city’s first five-year plan on Wednesday. The binding goal aligns with existing climate protection strategies that target a zero-carbon energy share of between 60 and 70 per cent by 2035, as part of the city’s broader push towards carbon neutrality by 2050. “With these...South China Morning Post
SCI & TECHSep 16Hong Kong Jockey Club to plough HK$3b into new research facility in Northern MetropolisThe Hong Kong Jockey Club has said it will funnel HK$3 billion to support the construction of a Life and Health Academic Research Building at the city’s new Northern Metropolis University Town. During his policy address on Wednesday, Hong Kong leader John Lee Ka-chiu announced the creation of an integrated teaching and scientific research building in the Northern Metropolis. In a statement issued soon after the chief executive’s speech, the club said its Charities Trust had made a donation that...South China Morning Post
POLITICSSep 16Hong Kong’s first five-year plan seeks to boost innovationHong Kong Chief Executive John Lee Ka-chiu presented the city’s first ever five-year plan, including steps to bolster innovation, birth rates and financial activity. The city aims to raise spending on innovation to 3 per cent of gross domestic product after 2030 from 1.63 per cent in 2024, Lee said as he announced the plan on Wednesday alongside the traditional annual policy address. There were also steps to accelerate construction of the tech-focused Northern Metropolis megaproject on the...South China Morning Post
DISASTERSep 16Hong Kong must prepare for the impact of heat-related work stoppagesAt the beginning of August, when temperatures in Hong Kong hit highs not seen for at least 140 years, the Labour Department’s Heat Stress at Work Warning system remained at the amber level, the lowest of three tiers. The controversy that followed raised a broader question: are our heat warnings adequately protecting people who work outdoors? The Labour Department has since announced changes that will lead to earlier heat-stress warnings. These improvements to worker protection are welcome. But...South China Morning Post
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