Economic Development

Can AI-driven job vacancies and corporate academies save the lost generation?

The United Nations established "World Youth Skills Day" every July to reflect on the employment predicament faced by the younger generation amid the rapid restructuring of the global labor landscape. This existential question is reflected in a speech given by Zhang Xiaolong, former CEO of Fenbi Education, a leading civil service exam preparation company in mainland China. He accused young people of "deserving it" for not being able to find jobs, and the resulting public outcry led to his resignation this month. Mainstream societal voices often simplify the issue of NEETs (Not in Education, Employment, or Training) or high youth unemployment rates as generational responsibility, readily blaming the younger generation for not working hard enough or choosing to "lie down." However, a deeper look at the current job market reveals that the core problem is not a negative mindset, but rather the profound transformation of the workplace structure brought about by the widespread adoption of AI.

Can AI-driven job vacancies and corporate academies save the lost generation? Read More »

What else can be done besides raising salaries? Empowering young nurses to lead the transformation of smart hospitals.

While the international community laudes Hong Kong's highly efficient and award-winning healthcare system, countless young nurses are working themselves to the bone, single-handedly managing an extremely strained nurse-to-patient ratio. In the 2025 CEOWORLD Global Healthcare Index, Hong Kong ranks 23rd, boasting outstanding life expectancy and infant survival rates. However, behind this accolade lies the unbearable exhaustion of frontline staff. With an aging population and a surge in chronic diseases, the pressure on the public healthcare system will only intensify, inevitably exacerbating the challenges faced by healthcare workers.

What else can be done besides raising salaries? Empowering young nurses to lead the transformation of smart hospitals. Read More »

How can community small businesses benefit from the booming economy?

As April arrives, the festive atmosphere gradually intensifies. The streets will be filled with more overseas fans sporting their own face paint, as well as local young people eager to experience the excitement. With the Hong Kong Football Club International 10-a-side Rugby Tournament, the Hong Kong International 7-a-side Rugby Tournament, and the UCI World Cup Track Cycling Championships all taking place, Hong Kong is entering its peak season for sporting events, promising a series of exciting experiences for its citizens.

How can community small businesses benefit from the booming economy? Read More »

Solving the problem of environmental protection is easier said than done; rural tourism has great potential.

In recent years, Hong Kong has faced significant challenges in promoting municipal solid waste charging and accurate waste sorting and recycling. This is not merely a dispute over implementation details, but also reflects deeper governance pain points. Five years ago, the Consumer Council published a tracking study exploring sustainable consumption behavior among Hong Kong citizens, the results of which were quite thought-provoking. Respondents' "awareness and attitude index" reached 77 points, but the "behavior and willingness index" remained stagnant at 71 points. These figures accurately point to a harsh reality: citizens' environmental awareness has not been effectively translated into practical action. Faced with this predicament of "easier said than done," it is clear that the SAR government's continued reliance on slogan-based propaganda or single-policy initiatives will not address the root cause.

Solving the problem of environmental protection is easier said than done; rural tourism has great potential. Read More »

Urban-Rural Integration in Northern Metropolis: Breaking Development Bottlenecks with Sustainable Tourism

Walking the streets these days, it's easy to notice a change in the pace of visitors to Hong Kong. The image of people dragging suitcases through luxury stores has diminished. Instead, they're following social media guides, wandering through narrow alleyways on "Citywalks," or exploring nature in the countryside. Professor Yin Zhenying of the School of Hotel and Tourism Management at the Chinese University of Hong Kong confirms this: "Consumers now value mental health and the natural environment more." According to the Asia Tourism Exchange Centre's forecast for the tourism market, the proportion of young travelers is constantly rising. They are no longer satisfied with traditional material consumption, but are more willing to spend money to obtain richer emotional value and better quality family time.

Urban-Rural Integration in Northern Metropolis: Breaking Development Bottlenecks with Sustainable Tourism Read More »

Narrowing the digital divide

Narrowing the digital divide is never an endeavor that can be accomplished by a single department, a single grant, or a few pieces of hardware. It requires long-term investment, institutional design, and cross-sectoral collaboration. International Day for Women and Girls to Participate in Science and Technology reminds us that the future of technology should not belong to only a few; and the education sector reminds us that if institutional disparities between schools and teachers are not addressed early, the so-called "digital transformation" will ultimately only exacerbate inequality.

Narrowing the digital divide Read More »

After Immigration: Declining Income of Overseas Hong Kongers and Occupational Mismatch

In the past few years, many Hong Kong people have immigrated overseas. I believe that every reader has more or less familiar relatives and friends who have decided to leave their hometown. They leave for different reasons, but they also need to adapt to a strange environment. Even though we no longer live in the same city, those who remain here still care about the local lives of overseas Hong Kong residents. After the housing problem is gradually solved and the living environment becomes familiar, finding sources of income becomes an urgent issue. Many immigrants have heard that the job market in foreign countries is not as active as in Hong Kong. However, they may not be prepared for it. They may be willing to sacrifice how much hard work they have done in the past and work in a sub-optimal job just to "earn a living".

After Immigration: Declining Income of Overseas Hong Kongers and Occupational Mismatch Read More »

Crucial financial soft power

"Hong Kong is finished" is full of lies, and the statement that it has lost its status as an international financial center is truly alarmist. Wang Linggui, deputy director of the Hong Kong and Macao Affairs Office of the State Council, sternly retorted, pointing out that Hong Kong’s prosperous economy is supported by the central government’s active policies and cannot become a relic. The volatile world situation creates ups and downs in the economic cycle. To simply judge Hong Kong’s status based on this would undoubtedly be to miss the forest for the trees and ignore the soft power of Hong Kong, which has long been ranked among the top international financial centers.

Crucial financial soft power Read More »

Cross-border data flow in the Greater Bay Area

In order to develop a Bay Area economy with global influence and competitiveness, the Greater Bay Area emphasizes the circulation of factors such as people flow, logistics, capital flow, and information flow. The first three types of circulation have been promoted in recent years through cross-border transportation infrastructure, employment and residence certificates, streamlined customs clearance procedures, negative lists for market access, and foreign exchange management facilitation. The interconnection of information flows depends on eliminating cross-border data barriers. Last year, the SAR Innovation and Technology Bureau and the Cyberspace Administration of China signed a memorandum of understanding, which brought a breakthrough in the cross-border flow of data in the Guangdong-Hong Kong-Macao Greater Bay Area. In order to further promote the development of the digital economy, a standard contract for the cross-border flow of personal information was further launched at the end of last year, which is expected to reduce the compliance costs of enterprises.

Cross-border data flow in the Greater Bay Area Read More »

Fiscal budget is the politics of people's hearts and minds

This fiscal year is expected to record a fiscal deficit of more than 100 billion, and the tax revenue and land sales are not as strong as they were in the past. The next budget will undoubtedly be a deficit budget for the fifth consecutive year. The accounts are not ideal, but there is nothing wrong with it, because the epidemic has affected the global economy in the past three years, and the government's revenue has decreased, but it needs to allocate more resources to help citizens solve their difficulties. However, a long-term deficit economy always affects investor confidence. From a forward-looking perspective, Hong Kong needs to review long-term public finances from multiple parties, restore fiscal discipline within its means, and consolidate citizens' sense of security in economic operations. 

Fiscal budget is the politics of people's hearts and minds Read More »