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Hong Kong’s Paul Chan cuts spending in budget, plots AI path to future growth

Summary by South China Morning Post
Finance chief eyes new revenue sources while freezing pay for public servants, cutting civil service positions, reducing education spending.

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The Straits TimesThe Straits Times

HK’s fiscal deficit isn’t stopping it from spending big to diversify its economy; is it too late?

Commentators say it is uncertain if the major projects will yield strong returns, or how long they would take to do so.

·Singapore
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Hong Kong Free PressHong Kong Free Press

Budget 2025: Pro-Beijing lawmakers praise budget, as Democratic Party urges pay cut for senior officials

Additional reporting: Hans Tse.Hong Kong’s Democratic Party has criticised the financial secretary’s new budget, saying senior officials’ salaries should be cut, not just frozen – in contrast to a thumbs up given by many pro-Beijing lawmakers. The Democratic Party meets the press on February 26, 2025, after Financial Secretary Paul Chan delivered the 2025 Budget. Photo: Hillary Leung/HKFP.At a press conference held shortly after Financial Secret…

·Hong Kong, Hong Kong
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South China Morning PostSouth China Morning Post

Hong Kong’s Paul Chan cuts spending in budget, plots AI path to future growth

Finance chief eyes new revenue sources while freezing pay for public servants, cutting civil service positions, reducing education spending.

·Hong Kong
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Startup And Technology News From NepalStartup And Technology News From Nepal

KPMG Analysis: Hong Kong Budget 2024/25 Focuses on AI

1st March 2025, Kathmandu KPMG welcomes the Hong Kong Government’s Budget, recognising it as a well-considered strategy that balances the needs of society with economic development goals. KPMG Analysis Hong Kong Budget The Budget focuses on key areas such as Artificial Intelligence (AI), infrastructure investment, and innovative industries, creating new opportunities for high-quality economic growth […] The post KPMG Analysis: Hong Kong Budget 2…

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European Business MagazineEuropean Business Magazine

Hong Kong’s 2025-26 Budget Advances Innovation and Technology - European Business & Finance Magazine

"Through frontier research and real-world application, we will endeavour to develop AI as a core industry and empower traditional industries in their

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The InfoStrideThe InfoStride
Reposted by
ZawyaZawya

Hong Kong’s 2025-26 Budget Advances Innovation and Technology

HONG KONG SAR – Media OutReach Newswire – 28 February 2025 – Driving innovation and technology was a key focus of Hong Kong SAR’s Financial Secretary Paul Chan’s 2025-26 Budget. Identifying Artificial Intelligence (AI) as being at its core, Mr Chan said Hong Kong would leverage its competitive edge under the “one country, two systems” [...] Source from InfoStride News

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Bias Distribution

  • 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
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Slovenia Times broke the news in on Wednesday, February 26, 2025.
Sources are mostly out of (0)

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