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BUSINESSJul 3Employee training hours in Hong Kong hit 14-year high amid AI push: surveyAverage training hours per employee in Hong Kong hit a 14-year high as local companies pushed for technology adoption and workforce upskilling, a new survey released on Friday showed. According to the 2025-26 survey on workforce development needs conducted by the Hong Kong Institute of Human Resource Management, the average annual training hours per employee reached 19.4 hours in 2025. This represented a 6.8 per cent increase from 18.1 hours in 2024, marking the second consecutive year of growth...South China Morning Post
POLITICSJul 3Hong Kong ministers get 1.3% pay rise, after civil servants secure 2% salary bumpHong Kong’s top ministers and other political appointees have received a 1.3 per cent pay rise, authorities have confirmed, after the government announced in June that civil servants would get a 2 per cent salary bump. In a reply to the South China Morning Post, the Constitutional and Mainland Affairs Bureau said on Friday that the decision was based on recommendations of an independent commission tasked with reviewing the salaries of politically appointed officials, lawmakers and the Executive...South China Morning Post
MILITARYJul 3Hong Kong students tour PLA Navy warships for lesson on national defenceGroups of Hong Kong students on Friday had a lesson aboard two PLA Navy warships moored at Stonecutters Island’s Ngong Shuen Chau Barracks on Friday. They toured guided-missile destroyer Nanning and guided-missile frigate Hengyang, which arrived for a five-day port call that started on Thursday. The port call marked the 29th anniversary of the city’s return to Chinese sovereignty on July 1. Pui Kiu College student Jas Xu said stepping into the ship cabins and observing the interior weapon...South China Morning Post
POLITICSJul 3Hong Kong duo admit joining pro-independence group ‘out of curiosity’, asylum bidTwo Hong Kong men convicted of violating the Beijing-decreed national security law have said they joined a pro-independence group either to obtain asylum in Canada or “out of curiosity”. Courier Chan Tai-sum, 27, and waiter Ng Chi-tung, 25, pleaded guilty in the District Court on Friday to conspiracy to commit secession for their involvement with Taiwan-based Hong Kong Democratic Independence Union between November 2024 and July last year. Defence lawyers said the pair were both diagnosed with...South China Morning Post
BUSINESSJul 3Kuaishou files US$3 billion Kling AI funding round to Hong Kong stock exchangeChinese short video giant Kuaishou said on Thursday evening that its artificial intelligence video arm, Kling AI, was seeking to raise around US$3 billion in its first external fundraising round, according to a filing to Hong Kong Exchanges and Clearing. The funding round, first reported by the South China Morning Post on Wednesday, was backed by a long list of investors, spanning Chinese technology heavyweights, state-backed investment vehicles and entertainment industry participants. Baidu,...South China Morning Post
POLITICSJul 3Hong Kong pivots to a 5-day civil service work week in 2006 – SCMP archiveThis article was first published on July 3, 2006. Workers more efficient over five days: civil service chief by Ng Kang-chung Civil servants can work more efficiently and serve citizens better by not having to work on Saturdays, the city’s 6.9 million residents have been promised on the eve of implementation of a five-day week. The new working week would also help save citizens time and travel expenses if they switched to using services by fax, mail or internet, Civil Service Secretary Denise...South China Morning Post
HEALTHJul 3Suicide risk and the danger of Hong Kong’s children not feeling lovedThe latest child suicide figures from the Education Bureau make for grim reading. For three academic years in a row, suspected suicide cases among primary and secondary school students have remained stubbornly high – 32 in 2023, 28 in 2024, and 31 in 2025. Despite a deluge of government resources, the three-tier emergency mechanism in secondary schools and public awareness campaigns, these numbers refuse to budge. We must ask ourselves a difficult question: why are we failing our children? Of...South China Morning Post
DISASTERBREAKINGJul 3Hong Kong to keep T1 until at least 6pm as Tropical Storm Maysak comes closerThis story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong’s weather forecaster will keep the No 1 typhoon signal in force until at least Friday evening, after which it will assess whether to issue the No 3 warning depending on the tropical storm’s intensity. The Hong Kong Observatory said Tropical Storm Maysak was estimated to be about 670km (416 miles) southwest of Hong Kong and was forecast to move...South China Morning Post
SCI & TECHJul 2Why Hong Kong firms looking to integrate AI must consider fresh gradsHong Kong is trapped in a structural economic paradox that threatens both its long-term competitiveness and social stability. Organisations are paralysed by the urgent need for artificial intelligence (AI) transformation, complaining day in and day out that they lack technological talent. An International Data Corporation (IDC) study last year revealed that 55 per cent of Hong Kong companies face significant challenges in implementing AI – higher than the global average of 48 per cent....South China Morning Post
BUSINESSJul 2From Hong Kong to Central Asia: law as a bridge of trust | The Weekly Reformer | Roden TongCentral Asia may seem far from Hong Kong. Yet, during my recent visit to Astana in Kazakhstan and Tashkent in Uzbekistan, as a member of the business delegation led by our Chief Executive, the Honourable John Lee Ka-chiu, I witnessed a region transforming with remarkable determination and ambition.thestandard_hk · hong kong
CYBERJul 2Cyberattack on Hong Kong’s Shun Hing Group affects data of 1 million peopleSouth China Morning Post
POLITICSJul 2Lam Wing-kee, Hong Kong bookseller detained in mainland China, diesHong Kong bookseller Lam Wing-kee, who publicly recounted being abducted and detained by mainland Chinese authorities in 2015, has died at the age of 70 after a years-long battle with lung cancer, according to Taiwanese media. Local media reported that Lam, who moved to Taiwan in 2019, was admitted to Mackay Memorial Hospital in Taipei on Tuesday, but his condition worsened and he fell into a coma. He was pronounced dead on Thursday evening. Last year, he disclosed that his lung adenocarcinoma...South China Morning Post
HEALTHJul 2Hong Kong enters summer flu season as Covid infections also climbHong Kong health authorities have called on the public to stay vigilant as the city has entered the summer flu season, with Covid-19 cases also on the rise. Dr Albert Au Ka-wing, head of the communicable disease branch of the Centre for Health Protection, said on Thursday that surveillance data suggested flu cases rose significantly last week, signalling the beginning of the seasonal infection period. He noted that it was difficult to predict how long the season would last, as the city generally...South China Morning Post
BUSINESSJul 2Hong Kong’s box office takings for first half of 2026 up 25% year on yearHong Kong’s box office takings for the first half of 2026 rose by nearly a quarter year on year, with the comedy Night King emerging as the highest-grossing film over the six-month period. According to figures from Hong Kong Box Office, 142 films premiered between January 1 and June 30, of which 17 were locally made. The movies generated HK$664 million (US$85 million), up from HK$531 million in the first six months of last year. “The summer film season has just begun with many family-friendly...South China Morning Post
BUSINESSJul 2Make Hong Kong China’s ‘space finance capital’, legal group urges BeijingAn independent legal group has proposed that Beijing designate Hong Kong as the country’s “space finance capital”, positioning the city as a gateway for commercial development of the sector under the national five-year plan. The Asian Academy of International Law also proposed in policy papers issued on Thursday that Hong Kong should enact a space asset registration and finance ordinance to provide legal certainty for the financing of such assets. The group pointed to Hong Kong’s key strengths...South China Morning Post
BUSINESSJul 2Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFCAssets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous peak of HK$35.5 trillion in 2024, according to a report released by the Securities and Futures Commission on Thursday. Driven by the asset-management and...South China Morning Post
BUSINESSJul 2Hong Kong retail sales grow 7.9% in May, extending winning streak to 13 monthsHong Kong’s retail sales in May rose 7.9 per cent year on year, extending the streak of growth to 13 months, with the sector benefiting from an increase in visitor numbers amid mainland China’s Labour Day “golden week” holiday. The value of retail sales for the month reached HK$33.8 billion (US$4.3 billion), according to provisional figures released by the Census and Statistics Department on Thursday, compared with HK$31.3 billion in May 2025. Retail sales for the first five months of the year...South China Morning Post
BUSINESSJul 2Why Hong Kong has become this year’s worst-performing stock marketThere are many disconnects in financial markets. One of them is Japan’s benchmark 10-year bond yield, which currently stands at just 2.7 per cent despite the country’s large public debt burden – more than 240 per cent of economic output. Although Japanese bond yields have risen sharply in the past three years, the 10-year yield is slightly lower than that of Germany, whose government debt as a percentage of economic activity is around one-quarter the size of Japan’s. Another anomaly is the...South China Morning Post
BUSINESSJul 2Clogged pipeline: Many Hong Kong IPO hopefuls near application expirationA large number of mainland Chinese companies hoping to list shares on the Hong Kong stock exchange are anxiously waiting for a nod from the mainland securities regulator, with many now at risk of having their listing applications lapse. More than 430 companies were currently waiting in the initial public offering (IPO) pipeline, according to data from bourse operator Hong Kong Exchanges and Clearing (HKEX). More than 30, including mainland supermarket chain Qiandama and EVE Energy, a...South China Morning Post
POLITICSJul 2Beijing’s liaison office in Hong Kong restructured, stressing youth, district workBeijing’s liaison office in Hong Kong has been restructured, with the economic department split into two and its district-level groups expanded, a move that an analyst said reflected the central government’s greater focus on financial, youth, and district work. A comparison of the office’s organisational chart on its website on Thursday with internet archive records showed that the number of departments had been reduced from 24 to 23, even as its Economic Department was split into two entities,...South China Morning Post
POLITICSJul 2Hong Kong police search 15 in former July 1 protest areas, man taken awayHong Kong police have stopped and searched 15 people in areas where July 1 protests were previously held, with one man wearing a T-shirt with political undertones taken away. The force said on Thursday that five men and 10 women, aged between 25 and 73, were stopped and searched in Wan Chai and the Eastern district the previous day, when the city marked the 29th anniversary of its return to Chinese rule. The date also marked the fifth anniversary of a stabbing attack in which a lone assailant...South China Morning Post
BUSINESSJul 2From AI chips to energy drinks: Hong Kong’s biggest listing deals of 2026 so farHong Kong’s stock exchange ranked second globally by capital raised in the first half of 2026, with total proceeds from initial public offerings and secondary listings rising 84.3 per cent year on year to US$26.4 billion. Among the 84 new listings during the period, mainland Chinese issuers accounted for 98.5 per cent of the total, with the majority concentrated in advanced technology and consumer staples. Below are the five largest deals: 1. Victory Giant Technology, US$2.73 billion The...South China Morning Post
WORLDJul 2Tighter site safety urged after Hong Kong records over 60 industrial accidentsHong Kong labour unions have urged worksite supervisors to step up risk assessments and precautionary measures to strengthen work safety culture, as the city reported at least 62 industrial accidents, including 24 fatal cases, in the first half of this year. The calls on Wednesday followed the case of a worker who was killed when an excavator toppled at a Ho Man Tin construction site two days earlier, and of a man who died after being struck by a road roller at a Kowloon Bay refurbishment site...South China Morning Post
MILITARYJul 2Residents, visitors flock to waterfront as PLA navy ships sail into Hong KongResidents and tourists have flocked to Hong Kong’s harbourfronts to welcome two People’s Liberation Army (PLA) naval vessels on a five-day port call to the city. The guided-missile destroyer Nanning and the guided-missile frigate Hengyang sailed into Hong Kong via Lei Yue Mun and Victoria Harbour on Thursday morning, with the ships arriving at Ngong Shuen Chau Barracks at 9am and 9.40am respectively. A PLA band began to play celebratory music to welcome the Hengyang’s arrival at 9am, with dozens...South China Morning Post
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