SCMP Hong Kong
When I first heard about the Hong Kong government’s plans to allow the importation of specially qualified carers to look after the elderly, my mind turned to some colloquial English expressions. The first was “set the cat among the pigeons”, which basically means to say or do something that causes a
HK Free Press
No foreign substances have been found in sports drinks that sparked a tampering scare at a secondary school’s athletics meet, police have said, after videos of liquid squirting out of the sides of the bottles were widely circulated on social media. Toxicology tests conducted at the Government Labora
SCMP Hong Kong
Hong Kong police have found no foreign or toxic substances in a brand of bottled drink linked to the illness of 16 students from a secondary school in Kwun Tong, saying the reported “pinholes” are likely to be perforated lines in the plastic wrapping. The update came a day after 16 students from Mar
SCMP Tech & Innovation
Shenzhen Camsense Technologies, a maker of spatial sensors for robotic vacuum cleaners, launched a Hong Kong initial public offering (IPO) that aims to raise about HK$680 million (US$86.7 million), despite headwinds from Washington’s recent import ban on foreign-made vacuum robots. “The export and p
SCMP Business
Foreign investors continue to pile into Hong Kong’s commercial real estate, with a unit of online retail giant Amazon and Singapore-headquartered Shorea Capital among the latest to snap up assets, according to agents. Shorea won the tender for The Pemberton, a mixed office and retail property in She
SCMP Business
US asset manager BlackRock has obtained Qualified Domestic Institutional Investor (QDII) status in China, making it the first wholly foreign-owned public fund manager to obtain the qualification, with more such developments likely as Beijing signals broader financial opening. This qualification allo
SCMP Hong Kong
Representatives of foreign business chambers who met Hong Kong’s leader have said the five-year plan provided clear policy priorities for businesses’ strategic planning, but called for more concrete timelines and visible progress on the Northern Metropolis project to attract investment. Chief Execut
HK Free Press
China’s leader Xi Jinping will visit the United States this week for talks with President Donald Trump, Beijing confirmed on Monday. Xi will be there from Wednesday to Friday, a government statement said. Foreign ministry spokesman Guo Jiakun said the two leaders would “have an in-depth
SCMP Hong Kong
A new pilot scheme to bring in foreign domestic carers for the elderly to deal with an ageing population could disrupt Hong Kong’s existing helper market, driving up wages and putting care beyond the reach of low-income older residents, some employers and agencies have warned. They said the measure,
SCMP Hong Kong
Foreign domestic carers brought to Hong Kong to look after elderly residents under a proposed government pilot scheme would receive 10 to 20 per cent more pay than existing helpers, the labour minister has said. Secretary for Labour and Welfare Chris Sun Yuk-han on Friday revealed additional details
SCMP Business
Before the unexpected intervention in Japan’s foreign exchange market by the US Treasury Department on July 31 – the first time both countries joined forces to support the yen via outright purchases since 1998 – the probability of the Bank of Japan raising interest rates at its policy meeting on Sep
HK Free Press
The head of China’s spy agency has warned that artificial intelligence endangers the country’s national security, with foreign powers potentially using the technology to threaten social order. “Hostile forces” were abusing generative AI technologies to “fabricate politi
HK Free Press
The death toll from a fire that erupted on Thursday on a foreign-flagged cargo ship docked in a Chinese port has risen to 25, including five people who had been listed as missing, state media said. The bulk carrier, moored in the eastern shipping hub of Qingdao, had 42 people on board when the fire
SCMP Business
Foreign carmakers have been slashing the prices of petrol-powered cars they make in China by more than 20 per cent to survive in a cutthroat market amid weakening consumer demand. Last month, big international marques including Volkswagen and Toyota offered average discounts of 23.4 per cent on cars
HK Free Press
An Australian man convicted of reckless foreign interference for compiling reports for Chinese intelligence was sentenced to more than three years in jail by a Sydney court on Thursday. Marketing executive Alexander Csergo, 58, was arrested in Sydney by Australian police in 2023, shortly after he re
SCMP Hong Kong
Hong Kong’s bid to become a global education hub is likely to transform the sector as a sustainable source of property demand, with the city tipped to see around 200,000 non-local students by 2035, according to CBRE. The city’s international schools are estimated to require enormous additional real
SCMP Hong Kong
Hong Kong police have arrested a man on suspicion of stealing nearly HK$6,000 (US$765) in foreign currency while flying to the city from Thailand, with a passenger allegedly capturing the incident on camera and reporting it to cabin crew. The force said the 57-year-old man was arrested for the alleg
SCMP Business
Beijing’s recent granting of new outbound investment allocations will help ease tight supply of cross-border investment products, including those invested in US securities, as Chinese investors look globally for diversification, according to analysts. The foreign-exchange regulator granted US$6.84 b
SCMP Hong Kong
Jailed Hong Kong opposition activist Joshua Wong Chi-fung has admitted instigating international sanctions against central and local authorities six years ago, such as urging foreign businesses to avoid investment in mainland China and petitioning an Israeli forensic tech firm to terminate its servi
HK Free Press
Hong Kong pro-democracy campaigner Joshua Wong has pleaded guilty to conspiracy to collude with foreign forces – his second conviction under a Beijing-imposed national security law following a landmark subversion case. Appearing at the High Court on Wednesday, Wong, speaking in a clear voice,
SCMP Business
China’s tax authorities announced on Tuesday that the country would end the tax exemption for dividends earned by expatriates at foreign-funded firms, setting a 20 per cent rate effective immediately. The measures mainly target “interest, dividend and bonus income” for individual income tax purposes
SCMP Business
Foreign investors boosted exposures to yuan-traded Chinese stocks by about a third in the second quarter, buying into companies tied to the artificial intelligence supply chain and China’s strategic green-energy industry. Global fund managers held a combined 10.1 billion shares in mainland-listed co