The city’s digital asset push stands in contrast with the mainland, where Beijing has effectively banned trading and stamped out crypto-related activities.
On Thursday, Hong Kong’s leader John Lee announced the city is giving away 500,000 flights in an effort to revive its economy after strict pandemic policies.
The “Hello Hong Kong” campaign, launched Thursday, will offer 500,000 free air tickets over the next six months, starting in March.
Prices of Hong Kong’s residential properties plunged to a near five-year low as rising interest rates and a mass exodus of expat workers drove down prices.
Hong Kong’s economy has been battered by Beijing’s prolonged zero-Covid policy that has shut out travelers from mainland China and dampened consumer confidence.
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