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,
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a ...
Finance chief says city will set up the Hong Kong AI Research and Development Institute to explore application possibilities.
Though Hong Kong’s economy grew at a modest pace of 2.5% in 2024, China’s stimulus measures lifted investor sentiment, ...
A must-attend content marketplace for industry elites, FILMART serves as the gateway to the Asian entertainment market. The ...
In one budget measure, companies will be asked to help educate students from primary school to university through practical ...
Hong Kong plans a 7% cut in public spending and a major AI investment to tackle economic challenges. Financial Secretary Paul ...
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