Chu Hai College aims for university status in 2026

Officials of the Hong Kong Chu Hai College and guests take a group photo at the reception in Hong Kong on February 7, 2023. (PHOTO PROVIDED TO CHINA DAILY) Hong Kong Chu Hai College is accelerating the pace of upgrading its status to that of a university, and the college president is optimistic this goal can be achieved as early as 2026. College President Chen …

John Lee seeks oil giant Aramco listing in Hong Kong

Hong Kong Chief Executive John Lee Ka-chiu (first left) meets Saudi Aramco President and Chief Executive Officer Amin H Nasser (second right) at the LEAP 2023 technology conference on Feb 6, 2023. (PHOTO / HKSAR GOVERNMENT) Hong Kong Special Administrative Region Chief Executive John Lee Ka-chiu is seeking to attract Saudi Arabia’s state-owned oil giant Aramco to list in the Asian financial center, in a …

HKSAR tipped to record $16.1 billion deficit

In this April 9, 2018 photo, a man (right) walks past Tamar Park in Admiralty with the skyline of Hong Kong's financial district. (PHOTO / AFP) The Hong Kong Special Administrative Region government would see a budget deficit of HK$125.7 billion ($16.1 billion) for the 2022-23 financial year, or more than double that of the government’s deficit forecast of HK$56.3 billion, according to global auditing …

Over 140,000 arrive in HK as boundary fully reopens

Travelers wearing face masks with their luggage head to the immigration counter at the departure hall at Lok Ma Chau station following the reopening of cross-boundary tarvel between the HKSAR and the Chinese mainland on Jan 8, 2023. (PHOTO / AP) HONG KONG – More than 140,000 travelers arrived in the Hong Kong Special Administrative Region on Monday as full quarantine-free travel resumed between the SAR …

Chan: HK’s economic outlook more positive after reopening

Paul Chan Mo-po, financial secretary of the Hong Kong Special Administrative Region government, delivers a speech during the Asian Logistics, Maritime, Aviation Conference 2022 at the Hong Kong Convention and Exhibition Centre on Nov 22, 2022. (CALVIN NG / CHINA DAILY) The full resumption of quarantine-free cross-border travel between the Hong Kong Special Administrative Region and the Chinese mainland will bring a more positive and …

Hong Kong ready to serve as critical gateway to BRI

Hong Kong Chief Executive John Lee Ka-chiu delivers a keynote speech at the LEAP 2023 technology conference in Riyadh, Saudi Arabia, on Feb 6, 2023. (PHOTO / INFOMRATION SERVICES DEPARTMENT, HKSAR) In a high-spirited pitch at LEAP 2023 — one of the biggest technology conferences to be held in the Middle East and North Africa region — Hong Kong’s chief executive got down to business …

HK travelers flock to banks, SIM card shops in Shenzhen

Volunteers distribute gift bags to visitors arriving at Lo Wu station in Hong Kong, on Feb 6, 2023. (ANDY CHONG / CHINA DAILY) Hong Kong passengers swarmed into banks and SIM card shops to address pressing financial and telecommunication needs, after arriving in the Chinese mainland via the Lo Wu checkpoint, which has reopened for the first time in three years. Starting Monday, the mainland …

Full border reopening a shot in the arm for HK business sectors

People arrive at the Lok Ma Chau Control Point in Hong Kong before traveling to neighboring Shenzhen, South China, Jan 8, 2023. (PHOTO / XINHUA) The full border reopening between the Hong Kong Special Administrative Region and the Chinese mainland will give Hong Kong’s tourism and retail sectors a shot in the arm, but challenges remain for those industries to bounce back to pre-COVID-19 pandemic …

CE hails ‘new level’ of Saudi-HK ties; 6 pacts signed

Chief Executive John Lee Ka-chiu (second left) and Minister of Investment of Saudi Arabia Khalid Al-Falih (second right) witness the exchange of six pacts between Hong Kong and Saudi Arabian enterprises in Riyadh, Saudi Arabia on Feb 5, 2023. (PHOTO / HKSAR GOVERNMENT) Hong Kong Chief Executive John Lee Ka-chiu on Sunday said the cooperation between Saudi Arabia and Hong Kong had risen to a new …

Mainland fully resumes HK, Macao travel

The first batch of visitors arrive at Huanggang port after leaving Hong Kong in Shenzhen on Feb 6, 2023. (PARKER ZHENG / CHINA DAILY) SHENZHEN/HONG KONG – The Chinese mainland fully resumed normal travel with the Hong Kong and Macao special administrative regions (SARs) starting Monday, in what is expected to be a strong boost for the two regions' economic development. Starting Monday, the Lo …

HKEX signs cooperation deal with Saudi Tadawul

HKEX CEO Nicolas Aguzin (left) and Saudi Tadawul Group CEO Khalid Al Hussan sign a memorandum of understanding during the Hong Kong delegation's visit to Saudi Exchange in Riyadh on Feb 5, 2023. (PHOTO / HKEX) HONG KONG – The Hong Kong Exchanges and Clearing Limited (HKEX) announced on Monday that it signed a Memorandum of Understanding with the operator of Saudi Arabia’s stock exchange …

HK, Saudi Arabia envisage more cross-listing opportunities

Chief Executive John Lee Ka-chiu (second left) tours "THE LINE Experience" exhibition to learn about the innovative urban designs of the futuristic city NEOM in Riyadh, Saudi Arabia, on Feb 5, 2023, during his visit to Saudi Arabia as part of his Middle East tour. (PHOTO / HKSAR GOVERNMENT) The business and finance community in Hong Kong hope that the high-level profile visit to Saudi …

Liantang checkpoint new choice for cross-border passengers

Aerial photo taken on Aug 24, 2020 shows the Liantang Port/Heung Yuen Wai Control Point at the Hong Kong-Shenzhen boundary. (MAO SIQIAN / XINHUA) The Heung Yuen Wai/Liantang Control Point, which has so far only offered a freight clearance service since its establishment, welcomed its first batch of cross-boundary passengers on Monday, as Hong Kong resumed full-scale normal travel with the Chinese mainland. Starting Monday, …

Hang Seng Tech Index closes 3.65% lower

HONG KONG – Hong Kong's benchmark Hang Seng Tech Index, which represents the 30 largest technology companies listed in Hong Kong, lost 3.65 percent to close at 4,464.82 points Monday. The index once dived over 4 percent during Monday's trading after opening lower at 4,515.83 points, down from 4,634.19 points at the close of Friday trading. The broader Hang Seng Index closed 2.02 percent lower …

Lo Wu springs back to life

Visitors queue up to get their health declaration information vetted at the Luo Hu checkpoint, in Shenzhen, on Feb 6, 2023. (ANDY CHONG / CHINA DAILY) It’s something that has not been seen for more than three years. Lo Wu woke up early Monday morning to witness again the rapturous crowds that had characterized the busiest cross-boundary checkpoint between the Hong Kong Special Administrative Region …

BRI praised for its impact on world economy, S. Arabia

Hong Kong Chief Executive John Lee Ka-chiu (fourth left) meets Minister of Investment of Saudi Arabia Khalid Al-Falih (sixth right) in Riyadh, Saudi Arabia, on Feb 5, 2023. (PHOTO / HKSAR GOVERNMENT) Saudi Arabian business leaders on Sunday hailed China’s Belt and Road Initiative as having a far-reaching impact on the world’s economy and the rapidly changing landscape in the Middle East — a key …

CE sees potential for expanding HK’s cooperation with Mideast

Chief Executive John Lee delivers a speech at the Kingdom of Saudi Arabia-Hong Kong Investment Forum and Chinese New Year Gala Dinner in Riyadh, Saudi Arabia on Feb 5, 2023, during his visit to Saudi Arabia as part of his Middle East tour. (PHOTO / HKSAR GOVERNMENT) RIYADH – Chief Executive of Hong Kong Special Administrative Region John Lee Ka-chiu said on Sunday that there …