Can Hongkong Post be saved or should it become a taxpayer-funded public service?
Hongkong Post is facing significant financial difficulties, having incurred losses for eight consecutive years and accumulating a deficit of HK$821 million in the 2024-25 fiscal year. Observers suggest that a proposed HK$4.6 billion rescue plan may only offer a temporary solution. The core issue is whether the postal service should continue operating on a self-funding model amidst intense competition and declining mail volumes, or revert to being a government-funded department focused on providing essential public services. AI
