Stories from Hong Kong · Hong Kong

Hong Kong is actively promoting the development and testing of autonomous driving technology. This initiative aims to position Hong Kong as a leader in smart transportation and advanced vehicle technologies, with a focus on practical application and integration into urban infrastructure. Hong Kong is actively arranging for residents of Tai Po Wong Fuk Yuen to move into new housing. The relocation includes residents from specific floors of Wong Cheong Court and Wong Duk Court. The initiative aims to integrate technology, talent, and industrial chains with Hong Kong's scientific research strengths and innovation ecosystem. Hong Kong anticipates approximately 6 million passenger trips through its land, sea, and air control points during the mainland's May Day Golden Week holiday.

Hong Kong's overall consumer price index increased by 1.7% in March, indicating an acceleration in inflation. The report also noted the city's latest unemployment rate stands at 3.7%. This economic data provides insight into the current cost of living and labor market stability in the region. Property consultancy firm CBRH Hong Kong stated that market sentiment in the city has improved markedly this year. The report noted a strengthening property market boom.

The stock market in Hong Kong has seen a sharp decline, with the Hang Seng Index falling by 800 points. This significant drop reflects investor concerns and a downturn in market sentiment. The plunge indicates considerable volatility in the region's financial markets. Hong Kong Exchanges and Clearing reported first quarter profits rose 27 percent year-on-year to approximately $5.2 billion. Revenue and other income increased by 20 percent to $8.2 billion during the same period. The company noted the growth occurred as global capital entered the Special Administrative Region amid rising geopolitical uncertainties.

The Hong Kong Museum of Art has launched a new exhibition showcasing garden-themed works. The opening coincides with the start of the five-day mainland Labor Day holiday. Hong Kong motorists can apply to drive over the bridge to Macau starting Thursday. A government spokesman announced new quotas providing 200 spots for permanent residents and 200 for companies. Successful applicants can travel to Macau multiple times from mid-July until the quota expires in 2029. Currently, only specific permanent residents and firms meeting certain requirements are eligible to apply. An exhibition titled "Homecoming" featuring previously unpublished photographs of Bruce Lee has been organized. The exhibition commemorates the 85th anniversary of Lee's arrival in Hong Kong in April. The organizer conducted research to find collectible works for the display.

Hong Kong police have detained several individuals, believed to be part of a crime syndicate, for allegedly filing 70 fraudulent travel insurance claims totaling $1.7 million. A US-based company lost approximately 14.76 million HKD following a phishing email attack. A manager at a Hong Kong company reported a phishing scam involving a fraudulent email impersonating the CEO. Hong Kong police have arrested 49 men and 22 women, aged between 20 and 76, in connection with 66 fraud cases and related money laundering. The Labour Department deputy commissioner said that each complaint case is thoroughly investigated, with potential for further investigation and interviews if necessary. Hong Kong police conducted an enforcement action targeting illegal workers, specifically focusing on the food delivery sector.