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Hong Kong’s stock exchange is moving to speed up initial public offerings, overhauling a system where investors must wait at least a week for a newly priced stock to start trading.

Hong Kong already lost HK$600 billion under the pandemic, and its economy can hardly recover if vaccination progress remains sluggish and border restrictions cannot be lifted, Hong Kong General Chamber of Commerce chief executive George Leung Siu-kay said.

The European Union (EU) has added Hong Kong to an updated list of places where travel restrictions should gradually be lifted, paving the way for the city’s residents to be able to visit EU countries.

The European Union’s economy is set to grow faster than expected in 2021 and 2022 thanks to the accelerating pace of vaccination across the bloc and the gradual ease of coronavirus restrictions.

Chief Executive Ho Iat Seng says that the Macau and Hong Kong governments are “exploring the possibility” of setting up a “travel bubble” arrangement between the two cities.

A concern group for foreign domestic workers on Wednesday called on the government to withdraw its mandatory testing order for all helpers, as it also demanded an apology from Labour Secretary Law Chi-Kwong for his “discriminatory” remarks against migrant workers.

Hong Kong’s economy rebounded with stronger than expected growth of 7.8 per cent in the first quarter of 2021, posting an 11-year high after a historic low a year ago amid the coronavirus pandemic.

Singapore has announced it will reduce mandatory quarantine requirements for people arriving from Hong Kong by a week.

Portugal has become the first European Union country to submit its pandemic recovery plan to the European Commission.

Hong Kong marked its first National Security Education Day since last year’s imposition of sweeping national security legislation by Beijing, as the government ramps up efforts to overhaul the school system and instil patriotism in the city’s populace following the protests of 2019.

Hong Kong is expanding its Covid-19 vaccination programme to those aged under 30, the government announced on Thursday

Secretary for Commerce and Economic Development Edward Yau Tang-wah revealed on Monday the government had sent a new proposal to Singapore to restore a planned travel bubble while writing to six other countries about resuming talks on such plans.