
Hong Kong’s Paul Chan cuts spending in budget, plots AI path to future growth
[South China Morning Post] - 02/26/2025
Finance chief eyes new revenue sources while freezing pay for public servants, cutting civil service positions, reducing education spending.
In Hong Kong newspapers
Budget 2025: Public transport subsidy cut back as threshold upped to HK$500
The Hong Kong government is scaling back the Public Transport Fare Subsidy Scheme, with the monthly threshold (…)
[HKFP] - 26/02/2025
Budget 2025: how is Paul Chan planning to balance Hong Kong’s books?
Finance secretary lays out new and increased fees to boost revenue and a string of cutbacks to reduce government’s (…)
[South China Morning Post] - 26/02/2025
Govt to regulate basketball betting
The government said it will explore regulating basketball betting activities and invite the Hong Kong Jockey Club to (…)
[RTHK] - 26/02/2025
Pay freezes, job and spending cuts to tackle deficit
Financial Secretary Paul Chan said containing government spending would be a top priority for the administration in (…)
[RTHK] - 26/02/2025
Budget 2025: Pay freeze for gov’t employees, inc. civil servants, judges, and chief executive
The Hong Kong government will freeze salaries of public servants – including the chief executive, political (…)
[HKFP] - 26/02/2025
Commercial land sale pause draws mixed views
The government’s move to pause the sale of commercial land in the upcoming fiscal year has drawn mixed views from (…)
[RTHK] - 26/02/2025
Jimmy Lai denies being Chinese, tells trial: ‘We are Hong Kong people’
‘You’re a Chinese person,’ bemused Hong Kong judge says to ex-media boss.
[South China Morning Post] - 26/02/2025
US imposes sanctions on more Hong Kong firms for aiding Iran drone makers
Treasury Department alleges six companies obtained components for Iranian drones and missiles in violation of US bans.
[South China Morning Post] - 26/02/2025
US-born Eileen Gu’s US$6.6m training budget censored on Chinese internet
Chinese authorities appear to have censored a document showing plans to spend more than US$6.6 million this year on (…)
[HKFP] - 26/02/2025
Universities 'fully prepared' for funding cut
Several public universities on Wednesday said they understood the public finance challenges faced by the government, (…)
[RTHK] - 26/02/2025
Hong Kong to entice bid spenders by turning LIV Golf into long-term fixture
City’s 2025 budget also lays out plans to attract more business travellers by developing MICE sector, building ties (…)
[South China Morning Post] - 26/02/2025