Stories from Hong Kong · Hong Kong

The Hong Kong Transport Minister stated that officials plan to expand the daily quota of Guangdong vehicles traveling to Hong Kong in an orderly and gradual manner. Lawmaker Aaron Bock of the Business and Professionals Alliance urged the government to expand the quota.

The Hong Kong special administrative government launched a subsidy program starting at midnight. Professor Yuen suggested considering employer-provided compensation models, such as using online doctors to screen patients. Hong Kong may introduce a diesel subsidy of 5 cents per liter by the end of next month. The Hong Kong government plans to provide a diesel subsidy of 0.05 per liter for taxis, minibuses, and school service vehicles. Petroleum Distribution Company Deputy General Manager Lo Hoi-yin stated the subsidy will target laundry factories, transport fleets, local ferries, and fishing boats. The Hong Kong Automobile Transport Workers' Union stated that weekly government reporting requirements, including ensuring diesel is used locally and not resold, have increased the administrative workload.

A singer revealed during the first concert of their tour that cancer cells have returned despite a previously successful surgery. The performer shared this health update directly with the audience.

Hong Kong has risen to the position of the world's fifth-largest economy in terms of commodity trade. The Youth Affairs Bureau announced it agrees with Audit Commission recommendations to strengthen controls over the procurement of furniture and equipment for youth hostels. The diesel subsidy for commercial vehicles will run for two months, ending at 11:59 PM on June 29. Hong Kong launched a diesel subsidy of 3 HKD per liter starting at 12:00 AM today. Affected entities must submit weekly reports to authorities regarding fuel sources, sales volumes, and prices. These subsidies target taxis, public minibuses, and school private minibuses, according to Lu Haien, Deputy General Manager of an oil distribution company. Secretary for Transport and Logistics Mabel Chan stated the decision is expected to benefit approximately 16,900 taxis, 3,500 minibuses, and over 170 school buses.

Hong Kong exchanges and clearing reported that local boards floated 40 new listings, raising over $110 billion. This figure represents six times the funds raised during the same period last year and marks the exchange's best performance since 2021. Average daily trading turnover reached $276.7 billion during the quarter, which is the second highest on record. The company also noted revenue reached approximately $5.2 billion. The financial results indicate the entity maintained its position as a top global exchange. Cambricon Technologies reported record-high Q1 performance, with quarterly profits exceeding 1 billion yuan. Single-quarter profit exceeded 1 billion yuan. Additionally, prominent retail investor Zhang Jianping has exited the top ten shareholders list. Quarterly profits have been confirmed to exceed 1 billion yuan.

An 11-year-old chess player has entered a prestigious club world championship for rapid and blitz formats. The news has prompted discussions regarding age limits in various sports such as figure skating and swimming. The tournament is scheduled to take place from June 17 to June 21 in Hong Kong. Shakdzhiev is currently competing against adult grandmasters at an unsanctioned tournament in Baku. Roman Shakdzhiev, an 11-year-old, will compete in the Parapido and Britz Club World Championship in Hong Kong from June 17 to June 21. The tournament features a matchup between 19-year-old Gukesh Domaraju from India and 20-year-old Javahir Sendarov from Uzbekistan. Other participants include 15-time world champion Viswanathan Anand and world champion Humpy Koneru. The event is expected to feature high-level competition for the chess crown.

The Hong Kong government will implement a subsidy of 3 HKD per liter for tea oil starting Thursday. Lawmakers are currently approving infrastructure development for the Northern Metropolis to support an innovation and technology ecosystem. The initiative aims to diversify Hong Kong's economic structure and create job opportunities for future generations. Hong Kong Exchanges and Clearing reported a 27 percent year-on-year increase in first quarter profit to approximately $5.2 billion. Revenue and other income for the period rose 20 percent to $8.2 billion. The company released these financial results while noting its maintained market position. Hong Kong exchanges and clearing reported that average daily trading turnover reached $276.7 billion during the quarter. This figure represents the second highest on record for the exchange.

MTR Chairman Keung Kit-fai stated that the upcoming Gu Dong station will be the company's 100th station upon completion next year. MTR Chairman Raymond Tang stated the company is advancing a new round of large-scale railway construction.

The Wang Thai house and Wang Zhong house were identified as the two buildings with the most fatalities in the recent fire.

Authorities are expanding support for families most affected by the fire at Wang Fuk Kot. The recovery operation has reached its 10th day, allowing residents from seven damaged blocks to return and collect belongings.