Hong Kong positions gold hub for yuan commodities
Hong Kong has placed a global gold trading hub at the centre of its first five-year economic plan, using the market as an entry point to expand commodity trading and broaden international use of the renminbi. The 2026-2030 plan, released on Wednesday, calls for an integrated gold ecosystem covering storage, trading, clearing, refining and related financial services, while encouraging more…
The Hong Kong government has introduced 11 new measures to encourage residents to have children. These initiatives include an expanded cash bonus scheme and reduced down payments for subsidised housing for parents with newborns. According to the South China Morning Post, the newborn bonus scheme, which was set to expire on October 24, has been expanded to include a HK$30,000 bonus for a second child.
The measures were announced by Chief Executive John Lee Ka-chiu in his policy address. The expanded cash bonus scheme is part of the government's efforts to boost births in Hong Kong.
The policy address also covered other areas, including the city's building maintenance regime and emergency response, as well as a Five-Year Plan aligning with mainland China's development goals.
Brief written by urgent.news from South China Morning Post - Hong Kong, South China Morning Post, Hong Kong Free Press — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
