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South China Morning Post - Hong Kong Economy

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Website title: International Edition | South China Morning Post

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Despite the net outflow of Hongkongers over Easter, cinema box office takings over the first four days of the holiday more than doubled year on year to HK$25.93 million (US$3.31 million), compared with HK$12.75 million during the 2025 break. According to the Immigration Department, Hong Kong residents made 2.56 million inbound passenger trips between Good Friday and Tuesday, com...

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Nearly a quarter of Hong Kong companies are expected to widely adopt AI this year, a threefold increase from a year ago, while a growing number of business leaders believe the technology will result in smaller headcounts, a survey has revealed. Professional services firm KPMG released the Hong Kong Employment Outlook 2026 on Wednesday, with the poll showing that 24 per cent of o...

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Up to 80 per cent of Hong Kong’s fishing vessels have suspended operations nearly a month ahead of a planned moratorium, according to a sector representative, as the doubling of “red oil” prices caused by the war in the Middle East has made going out to sea untenable for operators. Representatives for local transport and maritime sectors welcomed the two-week ceasefire announced...

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Hong Kong authorities will set up a company this year to accelerate the development of an innovation hub near the border, with firms already expressing interest in moving into the San Tin Technopole, a senior tech official has said. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming also told the South China Morning Post that some companies might soo...

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A new research institute in Hong Kong is set to ramp up efforts to develop “AI for all” as early as this month, mapping out a strategy to strengthen the government’s capabilities while ensuring all residents and sectors benefit from the technology, a senior official has said. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming said one of the prioriti...

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