SCMP Business
Ant International, the overseas affiliate of Chinese fintech giant Ant Group, is making a major bid to power the next phase of mobile payments: letting autonomous artificial intelligence agents handle your electronic wallet to make purchases. The company on Friday open-sourced its Agentic Mobile Pro
SCMP Hong Kong
About 60 per cent of Hong Kong’s first batch of dental graduates who underwent mandatory internship training have joined the city’s Department of Health, a move that has helped “significantly ease” the manpower crunch. The development followed a controversial amendment to the Dentists Registration O
SCMP Hong Kong
The Hong Kong government will not cap the number of admissions under its talent schemes, with the labour minister saying “the more, the better” amid a global race for skilled workers, despite rising concerns over whether the city can absorb the influx. Wrapping up a five-day visit to Hong Kong by ov
SCMP Business
The turmoil surrounding Chinese hotpot chain restaurant operator Haidilao International Holding could serve as a warning to investors of the risks stemming from Beijing’s new taxation regime on overseas assets held by wealthy individuals. A plan by Shu Ping, the co-founder and wife of Haidilao chair
SCMP Hong Kong
Hong Kong police have arrested two tourists at the airport on suspicion of criminal damage after they allegedly broke into an MTR Corporation depot in Chai Wan and spray-painted graffiti on the exterior of two carriages. The force said on Thursday evening that it had received a report at about 2pm t
SCMP Hong Kong
Kazakhstan’s businesses should prioritise long-term fundraising ambitions rather than quick wins in the Hong Kong and mainland Chinese markets, the managing director of the Central Asian country’s sovereign wealth fund has said. Saltanat Satzhan, managing director for development and privatisation a
SCMP Hong Kong
Deep in the southern border zone of Johor, Malaysia, separated from Singapore by a narrow strait, a steady flow of commuters moves seamlessly between the two sovereign neighbours. Beyond the immediate checkpoints, a short 30-minute train ride connects visitors to regional hubs such as Kulai, where a
SCMP Business
The widening yield spread between Chinese and American government bonds is unlikely to trigger catastrophic capital flight from China, according to investment executives at Marsh Investment, who attribute the record spread to the United States’ fiscal pressures and global macro trends rather than a
SCMP Hong Kong
Hong Kong’s policy address next week will continue with measures to help local news outlets expand overseas and build global networks, the South China Morning Post has learned. A source said on Thursday that Chief Executive John Lee Ka-chiu’s “go global” initiative would assist local media, which re
SCMP Business
Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 bi
SCMP Hong Kong
Hong Kong’s District Court has sentenced two men with autism to up to three years and two months in prison for their involvement in a pro-independence group seeking to separate the city from Chinese sovereignty. District Judge Ernest Lin Kam-hung on Thursday found that courier Chan Tai-sum, 27, and
HK Free Press
Two young men have been jailed for 36 months and 38 months over their participation in a Taiwan-based group which called for Hong Kong independence and US sanctions. Chan Tai-sum, 27, and Ng Chi-tung, 25, received their sentences at the District Court on Thursday morning. Chan was jailed for 38 mont
SCMP Business
Most of the gold jewellery shops that once lined the main commercial street in Biyang, Henan province, have closed as gold prices hover at high but volatile levels and a decline in marriages dents demand. “Gold jewellery used to be very popular in our small county,” said 25-year-old kindergarten tea
SCMP Business
China’s electric vehicle (EV) adoption rate has hit an all-time high, as the Iran war drives motorists to shift away from petrol cars despite a sluggish automotive market. A record 65.2 per cent of the 1.54 million cars sold in mainland China last month were either pure electric or plug-in hybrid ve
SCMP Hong Kong
Hong Kong is mourning the death of Tung Chee-hwa, the city’s first leader after its return to Chinese sovereignty and a respected elder statesman, who died on Tuesday at the age of 89. Tung was surrounded by his family when he “passed away peacefully” at 9.57pm, according to state news agency Xinhua
SCMP Hong Kong
Hong Kong’s first chief executive, Tung Chee-hwa, who died on Tuesday, has been lauded as “one of the greatest movers in China-US relations”, with a foundation established by a former American president’s family praising his “profound contributions” to deepening ties between the two nations. The US
SCMP Hong Kong
Hong Kong’s Buildings Department has filed 259 charges against two companies and four individuals over major renovation works at the inferno-ravaged Wang Fuk Court, after investigations found non-fire-retardant materials were used and safety obligations were not met. The department said on Wednesday
SCMP Hong Kong
Hong Kong’s medical watchdog has said a target time frame for handling complaints will not be necessary as it presented its rebuttal against a government proposal that includes major reforms to its operations, disciplinary sentencing, internal supervision and membership make-up. The Medical Council
HK Free Press
Hong Kong’s Buildings Department (BD) has launched more than 200 prosecutions against four individuals and two companies that were responsible for overseeing renovation works at fire-hit Wang Fuk Court when a deadly blaze tore through the estate last year. The 259 charges, covering the use of defect
SCMP Business
Chinese energy firms have called for policy stability in overseas markets as their global investments face mounting geopolitical risks amid headwinds from the oil crisis. The call came from Sungrow Power Supply and EVE Energy executives, who said policy stability topped their expectations at an even
SCMP Business
Chinese stocks are likely to trade sideways through September, as resilient earnings growth is weighed down by concerns over potential monetary policy tightening in the United States, according to a recent strategy report by China Asset Management, the country’s second-largest mutual fund firm. Main
SCMP Business
Pharmaceutical companies have embraced artificial intelligence in drug research almost universally, yet few company executives expect AI to actually make drugs succeed, according to a Citi survey released on Tuesday. “The biggest risk to the AI-powered drug discovery thesis is not that AI fails to a
SCMP Business
China’s Supreme People’s Court has issued the country’s first systematic judicial guidance governing bankruptcy proceedings for property developers, in an effort to end inconsistencies that have slowed disposals and deterred capital in recent years. The framework called for timely reorganisations of
SCMP Hong Kong
Tung Chee-hwa, Hong Kong’s first chief executive who oversaw the city’s 1997 return to Chinese rule, has died. According to a statement from his office issued in the early hours on Wednesday, he died on Tuesday at the age of 89, surrounded by his loved ones. It is understood that he died at the Hong
HK Free Press
Hong Kong’s debate over same-sex relationships is often framed as a question of constitutional law, social values, or individual rights. But it is also a question of public health. A year after the Legislative Council rejected the Registration of Same-sex Partnerships Bill, the legal recognition of
SCMP Business
The luxury Hong Kong flat once owned by Mandy Lieu – the former mistress of Macau gambling kingpin Alvin Chau Cheok-wa – has finally been sold at a steep loss for just over HK$81 million (US$10.3 million), according to market sources. The flat on the 38th floor of the Argenta development in Hong Kon
HK Free Press
Former Hong Kong chief executive Tung Chee-hwa has died at the age of 89. The city’s first leader following its 1997 Handover from Britain passed away peacefully on Tuesday, according to his office. Tung resigned in 2005 citing health reasons, and was succeeded by his chief secretary Donald Ts
SCMP Hong Kong
Tung Chee-hwa, who served as Hong Kong’s first chief executive and oversaw the 1997 return of the city to Chinese rule, has died. The former vice-chairman of China’s top political advisory body, the Chinese People’s Political Consultative Conference (CPPCC), died on Tuesday at the age of 89, accordi
HK Free Press
Hong Kong’s development chief has said that government contractors will bear the full repair costs for faulty lift work in a redeveloped building at Queen Mary Hospital that resulted in tilted elevator shafts. Secretary for Development Bernadette Linn also said on Tuesday that the government reserve
HK Free Press
China’s top court issued guidelines on Monday covering a range of emerging pitfalls associated with artificial intelligence, including unauthorised deepfakes and voice cloning, state media reported. The move provides judicial guidance for AI-related disputes in China, which is currently engage