Macao’s next-door SAR is aiming to drastically reduce government spending and increase revenue to balance the budget, expected to be HK$87.2 billion in deficit
Greater Bay Area
Shenzhen had the third highest number of most valuable companies in the whole country, while Guangzhou and Hong Kong were ranked fifth and ninth
Macao and Hong Kong residents are snapping up homes on the mainland even as their own property markets struggle to get out of the doldrums
The Macau University of Science and Technology submitted a proposal to build a Hengqin campus to the Macao authorities at the end of last year
If confirmed, the move would generate precious extra revenue for the Hong Kong government, which is grappling with a deficit approaching HK$100 billion
Infrastructure projects such as the Hengqin Mangzhou Tunnel, and the high-speed rail link between Zhuhai Hezhou Station and Hengqin, will get a boost
Increased loan-loss provisions and tighter credit lines appear to be on the cards, hitting smaller Hong Kong property developers the hardest
In Guangzhou, DeepSeek is being used to explain policies to the public, handle hotlines, take requests, improve internal workflows and manage city services
Local legislators are visiting Shenzhen and Zhuhai as part of a two-day trip, which will see them call at various technological firms and meet with mainland lawmakers