https://www.scmp.com/rss/327590/feed Kenny Shui is vice-president of Our Hong Kong Foundation and executive director of its Public Policy Institute. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Kenny Shui,Pascal Siu,Katie Ho Kenny Shui,Pascal Siu,Katie Ho Following a challenging cycle, Financial Secretary Paul Chan Mo-po has delivered a budget returning Hong Kong to the black. After consecutive operating deficits, the operating account has returned to profit. Simultaneously, the consolidated account records a HK$2.9 billion (US$370.6 million) surplus for 2025/26, signalling stability. This turnaround is driven largely by a buoyant stock market and a stabilising property sector, reviving stamp duty revenues and investment income. This provides... https://www.scmp.com/opinion/hong-kong-opinion/article/3344819/after-celebrating-its-surplus-hong-kong-must-work-sustaining-it?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3344819/after-celebrating-its-surplus-hong-kong-must-work-sustaining-it?utm_source=rss_feed Sat, 28 Feb 2026 01:30:07 +0000 Jane Lee,Kenny Shui Jane Lee,Kenny Shui Hong Kong is stepping up to lead the next wave of global commerce. The recent launch of the government’s GoGlobal Task Force marks a crucial step in increasing international economic engagement. By pooling resources across the trade, finance, legal and professional sectors, the initiative offers a streamlined, unified platform to assist mainland enterprises in expanding overseas, particularly in the world’s fastest-growing regions. Traditionally, Hong Kong has focused on the US and European... https://www.scmp.com/opinion/hong-kong-opinion/article/3330376/its-time-hong-kong-set-its-first-trade-office-africa?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3330376/its-time-hong-kong-set-its-first-trade-office-africa?utm_source=rss_feed Tue, 28 Oct 2025 01:30:08 +0000 To truly revive tourism in Hong Kong, we must look beyond our stunning skyline and one-off events. It’s imperative that we shift our focus towards crafting authentic “Hong Kong” experiences which encapsulate the essence of our city. The recently released blueprint for Hong Kong’s tourism industry sets the stage for the government’s commitment to building a brand of diverse cultural offerings, including traditional heritage, pop culture, performing arts and more. This is a vital step in the right... https://www.scmp.com/opinion/hong-kong-opinion/article/3294414/tap-hong-kong-cinema-and-horse-racing-drive-cultural-wave?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3294414/tap-hong-kong-cinema-and-horse-racing-drive-cultural-wave?utm_source=rss_feed Wed, 15 Jan 2025 01:30:09 +0000 Hong Kong’s allure goes beyond its status as an international financial centre, offering a unique blend of tradition and modernity, East and West and urban and natural landscapes. To further invigorate its spirit and economy, the city aims to become an “events capital”, with sporting events poised to inject fresh vibrancy. Developing Hong Kong’s sports event economy can yield significant economic benefits. The UN World Tourism Organization estimates that sports tourism accounts for about 10 per... https://www.scmp.com/opinion/hong-kong-opinion/article/3280519/how-hong-kong-can-host-iconic-sports-events-without-copying-others?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3280519/how-hong-kong-can-host-iconic-sports-events-without-copying-others?utm_source=rss_feed Wed, 02 Oct 2024 01:30:07 +0000 Following the Hong Kong stock exchange’s annual biotech summit on September 1, it is a good time to review the city’s biotech development. The good news is that Hong Kong remains the world’s second-largest fundraising hub for biotechnology. Based on Our Hong Kong Foundation data, Hong Kong has 51 listings for pre-revenue biotech companies, with 11 new joiners since last October. Concurrently, 46 mature biotech companies have gone public, with nine additions in the past year. Yet, our records... https://www.scmp.com/comment/opinion/article/3192352/how-hong-kong-can-build-its-strengths-become-global-biotech-data?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3192352/how-hong-kong-can-build-its-strengths-become-global-biotech-data?utm_source=rss_feed Wed, 14 Sep 2022 22:45:11 +0000 Amid the global coronavirus pandemic, vaccine development is a race against time in which we all have a stake. The development time for vaccines from bench to bedside is normally 10 to 15 years. Yet, with the great effort of scientists all over the world, multiple Covid-19 vaccines were developed within one to two years. As reported recently, the Oxford-AstraZeneca vaccine, in particular, has probably saved more lives than any other, with nearly 2.5 billion doses administered, more than any... https://www.scmp.com/comment/opinion/article/3162498/tale-two-vaccines-astrazenecas-road-success-offers-lessons-hong?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3162498/tale-two-vaccines-astrazenecas-road-success-offers-lessons-hong?utm_source=rss_feed Fri, 07 Jan 2022 23:15:09 +0000 More Chinese companies that have listed overseas are turning to Hong Kong for secondary listings, giving new impetus to the local stock market. Meanwhile, Hong Kong’s local bond market is limited in size, falling behind other Asian markets like Japan, mainland China and South Korea on volume of issuance. Despite the government’s promotion of inflation-linked bonds (iBonds), green bonds, silver bonds and Islamic bonds in recent years, there is still much room for improvement in Hong Kong’s bond... https://www.scmp.com/comment/opinion/article/3115240/how-better-financial-infrastructure-can-drive-bond-market?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3115240/how-better-financial-infrastructure-can-drive-bond-market?utm_source=rss_feed Sun, 27 Dec 2020 03:45:06 +0000 Hong Kong is a well-known international financial centre, and financial technology is one of the major trends affecting the global financial community. Two weeks ago, the Hong Kong Monetary Authority outlined a plan to launch an enhanced fintech supervisory sandbox this year. It’s clear the government is taking fintech seriously. The HKMA’s sandbox, along with the Securities and Futures Commission’s and the Insurance Authority’s new sandboxes are all examples of a “safe place” for fintech... https://www.scmp.com/comment/insight-opinion/article/2114652/how-hong-kong-can-maintain-competitive-edge-fintech?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2114652/how-hong-kong-can-maintain-competitive-edge-fintech?utm_source=rss_feed Tue, 10 Oct 2017 06:30:00 +0000