From axing 10,000 government jobs to raising the airport departure tax , here is a look at Financial Secretary Paul Chan’s plan to balance Hong Kong’s books.

Hong Kong’s technology enterprises are set to benefit from the city’s annual budget as the government plans to roll out investments in artificial intelligence research.

Hong Kong’s finance chief Paul Chan has announced reductions in both salary and profits tax cuts in his latest budget speech. In the coming fiscal year, salaries tax, as well as tax under personal assessment,

Hong Kong said on Wednesday that it is setting aside $127.67 million to create an artificial intelligence research institute that will conduct research and development.