Ambrose Li

2 weeks ago | scmp.com | Cannix Yau |Ambrose Li

Hong Kong should maintain its free trade port status, which is crucial to consolidating its position as a global financial hub, some economists and business leaders have said while calling for the city to avoid joining Beijing in imposing retaliatory tariffs on US goods. But Executive Council member and lawmaker Jeffrey Lam Kin-fung held an opposing view, saying Hong Kong should consider following Beijing by imposing a 34 per cent tariff on some US imports to show support for “our nation”.

1 month ago | scmp.com | Denise Tsang |Ambrose Li

Hong Kong has not gone far enough to create sources of income to plug its deficit, analysts have said, after Financial Secretary Paul Chan Mo-po shied away from broadening the tax base and forecast another year of government shortfalls and dwindling fiscal reserves. Delivering his annual budget on Wednesday, Chan said the deficit would be HK$87.23 billion (US$11.2 billion) for the current financial year and HK$67 billion for the following one. The city last recorded a budget surplus in 2018-19.

Jan 18, 2025 | scmp.com | Ambrose Li

The number of trips to Hong Kong by mainland Chinese visitors rose 27 per cent year on year as the 2024 tally reached 34 million, according to official figures, with observers saying the uptick is likely to continue but expressing doubt over its economic impact. Hong Kong also recorded a 48 per cent year-on-year surge in residents making trips across the border, reaching more than 93 million, over the same period.

Jan 17, 2025 | scmp.com | Ambrose Li

The showcasing of 52 French Impressionist and Post-Impressionist masterpieces in Hong Kong reflects the “strong friendship” between the city and the European country, while contributing to the former’s cultural exchange ambitions, curators have told the Post.

Jan 17, 2025 | scmp.com | Ambrose Li

The family of the Hongkonger who came home safely from a Myanmar scam farm paid a ransom for him to return alive, a former district councillor who helped in the rescue said, with police stating the amount to be US$30,000. Andy Yu Tak-po, a former district councillor, revealed there were negotiations about how much the ransom was going to be and that the scammers communicated with the family directly through video calls that showed the victim.