Hongkong Post
Coverage of Hongkong Post in the Nexus archive.
- Hong Kong to keep ‘open mind’ on options for struggling postal service
Hong Kong authorities are considering long-term options for the struggling self-financing postal service, including privatization or converting it into a traditional department. A proposed HK$4.6 billion cash injection aims to support Hongkong Post as part of this review.
- Can Hongkong Post be saved or should it become a taxpayer-funded public service?
Hongkong Post faces worsening financial challenges, prompting discussions about government funding. Authorities plan to inject HK$4.6 billion to support operations, as postal operators globally experience similar losses.
- Death of Hongkong Post? Mounting losses, dwindling demand cast shadow over service
Hongkong Post faces declining demand and financial losses, with a post office in Causeway Bay serving few customers during a busy lunchtime. The service struggles to remain relevant amid global challenges faced by traditional mail operators.
- Stamp of approval sought on HK$4.6 billion lifeline for struggling Hongkong Post
Hong Kong authorities plan to inject HK$4.6 billion into Hongkong Post to sustain operations for three years amid eight years of losses and declining mail volume. The proposal, submitted by the Commerce and Economic Development Bureau to the Legislative Council, highlights the financial struggles of the Post Office Trading Fund (POTF) since 2017-18.