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,
Finance chief says city will set up the Hong Kong AI Research and Development Institute to explore application possibilities.
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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 ...
The Hong Kong Special Administrative Region will carry out the "reinforced version" of a fiscal consolidation program in the ...
In one budget measure, companies will be asked to help educate students from primary school to university through practical ...
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