Advertisement
00:44
Hong Kong
VideoHong Kong economy

Stamp of approval sought on HK$4.6 billion lifeline for struggling Hongkong Post

Government-owned postal service provider has recorded eight consecutive annual deficits, accumulating nearly HK$2.9 billion in losses.

Yohji LamandEmily Chan
Read more: https://sc.mp/fa6439

Hong Kong authorities are seeking to inject HK$4.6 billion (US$587 million) into the government-owned postal service provider to sustain its operations for the next three years. The move presented to lawmakers on May 27, 2026, comes after the service posted eight years of losses and declining mail volume.

Advertisement
Advertisement
Select Voice
Select Speed
1.00x