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Hong Kong’s Paul Chan warns against asking transport operators to cover HK$2 subsidy scheme

Hong Kong’s finance chief has cautioned against asking transport operators to cover the cost of the HK$2 (26 US cents) concessionary fare scheme for elderly and disabled residents, saying it may lead to higher ticket prices for other commuters. Financial Secretary Paul Chan Mo-po also said authorities were still reviewing the scheme, which cost taxpayers […]

Hong Kong’s MTR Corp ‘reinventing’ business model amid property market woes

Hong Kong’s MTR Corporation is urgently “reinventing” its business model to fulfil a HK$165 billion (US$21.2 billion) financial commitment to improve and expand rail services amid a struggling property market, the Post has learned. A source said on Thursday that the company was revising its proven “rail-plus-property” business model by finding new sources of revenue, […]