Hong Kong to Cut Spending by 7%, Invest in AI to Tackle Economic Challenges
Hong Kong is set to reduce public recurrent expenditure by 7% by 2027/28 to curb a rising deficit while making a major push into artificial intelligence (AI) to counter global economic uncertainty, geopolitical tensions,
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Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an ...
While delivering the 2025-26 budget at the HKSAR's Legislative Council, Paul Chan said that AI is at the core of developing ...
Finance chief says city will set up the Hong Kong AI Research and Development Institute to explore application possibilities.
Financial and real estate markets are not expected to receive a boost by measures announced during the Hong Kong Budget 2025, ...
Hong Kong's Hang Seng index climbed 3.63% in its last hour of trade. Gains were led by the consumer and technology sectors as the city pledged in its budget announcement today to develop itself into ...
In one budget measure, companies will be asked to help educate students from primary school to university through practical ...
The Hong Kong Special Administrative Region will carry out the "reinforced version" of a fiscal consolidation program in the ...
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