The Latest Breaking News from Paul Chan

Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles.

Tourists in Hong Kong are flocking to the 300-year-old village of Kuk Po, whose decaying mansions and reed fields offer a respite from the city's famously frenetic pace.

HONG KONG: Hong Kong's finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city's post-Covid recovery.

Hong Kong is set for back-to-back deficits but will give cash handouts and offer some help to first-time home buyers to help the economy recover from prolonged COVID-19 restrictions, the city's government announced in its budget on Wednesday.

Hong Kong will attempt to show it is back in business with a financial summit and premier rugby tournament this week, as strict pandemic controls have led to an exodus of talent and business from the city.

Hong Kong's Financial Secretary Paul Chan tested positive for COVID-19 during a visit to Saudi Arabia and will stay there for a "short while" to observe health requirements, the city's government said on Thursday.

HONG KONG: Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that has threatened the city’s status as an international financial hub.

Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that’s threatened the city’s status as an international financial hub.

Hong Kong's incoming leader John Lee has announced a cabinet that includes a number of officials with a background in security, calling it a "results-oriented" governing team that will usher in a new chapter after protracted pro-democracy protests in 2019.