The steady rise of AI technology has left governments, industries and institutions scrambling to catch up and establish rules of the road. As a knowledge-based economy, Hong Kong can lead the way in building a regulatory framework that limits the harmful impact of AI and maximises its benefits.
Finance can be unleashed as a force for good, to deliver social impact and bring economic windfalls for ordinary citizens, from youth advancement, financial literacy, and promotion of the arts and technology to climate change efforts.
As Asian economies face recession worries, many are putting climate action on the back burner – but climate resilience goes hand in hand with economic stability.
This year’s survey indicated an uncertain outlook for Asian businesses. Economies across the region are enjoying a return to business as usual and recovering from the effects of the COVID-19 pandemic. Yet the invasion of Ukraine has set off a chain of events that roiled global markets and left the world with no clear path …
Asia’s economic growth and development have been unparalleled over the past 75 years. Poverty has declined continuously and more rapidly than at any time in recorded history, and significant welfare gains have been achieved. These achievements have been driven by Asia’s growing participation in international trade and global value chains, which underpin the globalization process. More broadly, globalization refers to the integration of economies that has been achieved through growing levels of international trade, finance, and investment, and through the mounting exchanges of people, ideas, and data.
The latest Asia Business Council survey shows firms are worried about politics increasingly encroaching on business and driving potential decoupling. Energy is the top concern amid high prices and the continuing fallout from Russia’s invasion of Ukraine.
Hong Kong’s unique political system can serve as a case study for those studying policy in institutions around the world.
Women are indispensable to Hong Kong’s future growth; closing the wage gap, while providing more support at home, can pave their re-entry to the workforce.
More companies are collaborating to explore how the technology can make operations more efficient, which could form the building blocks of the next-generation internet. Just as the internet allows information and innovations to be shared across borders, the world will benefit most from having an open metaverse.
The success of the government’s green bond scheme provides plenty of scope for investing in groundbreaking energy projects and pursuing ambitious climate policy. Yet, our leaders can’t seem to think bigger than a few low-carbon buildings and waste management fees.
