Hong Kong government proposes raising bond programme borrowing ceiling from HK$700 billion to HK$900 billion for infrastructure projects
In a significant move to bolster infrastructure development, the Hong Kong government has proposed raising its borrowing ceiling for bond programmes from HK$700 billion to HK$900 billion (approximately US$115 billion). This proposal was announced by Andrew Lai Chi-wah, the permanent secretary for financial services and the treasury, during a Legislative Council subcommittee meeting on Thursday. Officials have stated that the increased borrowing cap would sufficiently cover funding for infrastructure projects over the next three years. Lai reassured lawmakers, including Robert Lee Wai-Wang, about the adequacy of the new limit to support projects unless "significant and unforeseen events" arise. The proposal... [Continue Reading]
360LiveNews | 09 Apr 2026 15:55
Leung Chun-ying launches trading platform for traditional Chinese medicine to connect mainland manufacturers with global markets
Former Hong Kong chief executive Leung Chun-ying has officially launched a trading platform for traditional Chinese medicine (TCM) designed to connect manufacturers from mainland China with international markets. The announcement was made today in Nansha, Guangdong province, where Leung emphasized the platform's aim to enhance transparency, efficiency, and global reach within the TCM sector. The initiative, which operates as an independent third party, seeks to promote the centralisation, standardisation, marketisation, and transparency of TCM trade. Leung, who also serves as vice-chairman of the National Committee of the Chinese People’s Political Consultative Conference, stated that the quality of medicinal materials is... [Continue Reading]
360LiveNews | 09 Apr 2026 12:13
UK Updates Immigration Routes for Hong Kong British National (Overseas) Visa Holders
The UK has updated its immigration rules specifically for British National (Overseas) (BN(O)) status holders from Hong Kong, outlining two main routes: the Status Holder route and the Adult Child route. The Status Holder route allows BN(O) holders living in Hong Kong, the UK, or Crown Dependencies to apply alongside their dependent partners and children. This route also considers other family members with significant dependency claims. The Adult Child route applies to adult children of BN(O) holders or their partners, born on or after 1 July 1979. It permits these adult children, their dependent partners, and children to apply, with... [Continue Reading]
360LiveNews | 08 Apr 2026 08:51
Hong Kong man, 70, charged with dangerous driving for allegedly driving wrong way on Tolo Highway
Authorities in Hong Kong have filed charges against a 70-year-old man for dangerous driving after footage emerged of him allegedly driving the wrong way on the Tolo Highway. The incident sparked widespread attention online and was reported by local police on Tuesday. Officers indicated that the driver's actions, which involved a U-turn on the busy highway, posed significant danger to both himself and other motorists. The viral video showed the driver, who was operating a black Mercedes-Benz marked with a probationary sign, navigating the hard shoulder of Tolo Highway in the opposite direction of traffic. Upon reviewing the footage, the... [Continue Reading]
360LiveNews | 07 Apr 2026 09:29
Hong Kong's Mandatory Provident Fund reports over HK$100 billion in losses for March, its worst monthly performance in 25 years
Hong Kong’s Mandatory Provident Fund (MPF) is facing significant financial setbacks, poised to report over HK$100 billion (approximately US$12.8 billion) in losses for March, marking its worst monthly performance in dollar terms since its establishment 25 years ago. The downturn, which lies in tandem with the Hang Seng Index's plummet to a three-year low, indicates severe impacts of recent global stock market instability and regional uncertainties. The fallout from the volatile global financial markets, exacerbated by ongoing tensions in the Middle East region, has left 4.8 million MPF members grappling with unprecedented losses, averaging HK$21,542 per member over the first... [Continue Reading]
360LiveNews | 06 Apr 2026 07:09
Thousands in Hong Kong observe Ching Ming Festival amid rain, honoring ancestors and remembering victims of Wang Fuk Court fire
Thousands of residents in Hong Kong participated in the annual Ching Ming Festival on Sunday amid inclement weather, marking a significant moment of remembrance for those affected by the devastating fire at Wang Fuk Court. This year’s observances took on added significance as it was the first Ching Ming Festival for over 5,000 displaced residents following the inferno that claimed 168 lives on November 26, leading to the destruction of seven of the estate's eight towers. As rain fell and thunder rumbled, families gathered to honor their ancestors, a traditional practice observed during the Ching Ming Festival. Many took the... [Continue Reading]
360LiveNews | 05 Apr 2026 07:09
Hong Kong's economy shows resilience in Q1, bolstered by mainland China's growth amid Middle East tensions
Hong Kong's economy has demonstrated notable resilience in the first quarter of the year, according to Finance Secretary Paul Chan Mo-po. Despite ongoing tensions and volatility surrounding the conflict in the Middle East, particularly related to the conflict instigated by the United States and Israel against Iran, Hong Kong has managed to stabilize its economic performance. Chan highlighted that the city has leveraged the steady growth of mainland China's economy to fortify its position as a global hi-tech financing hub. In a recent review of Hong Kong's economic health, Chan stated that the complexities of the geopolitical landscape have posed... [Continue Reading]
360LiveNews | 05 Apr 2026 06:13
Hong Kong's Hospital Authority reports data breach affecting over 56,000 patients, prompting investigations by privacy officials and police
Hong Kong's Hospital Authority has reported a substantial data breach impacting more than 56,000 patients, sparking immediate investigations by the Office of the Privacy Commissioner for Personal Data and local law enforcement. The breach involves a significant unauthorized retrieval of sensitive information, including patient names, identity card numbers, genders, dates of birth, hospital visit dates, and medical histories. The breach was reported on Friday, and the privacy watchdog confirmed that it has commenced an investigation into the incident. The leaked information encompasses crucial details that can expose individuals to identity theft and other privacy violations. According to an official spokesperson... [Continue Reading]
360LiveNews | 04 Apr 2026 05:17
