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China announced a capital injection of around 360 billion yuan (US$54 billion) for eight of the largest state-owned banks and insurers amid government efforts to shore up the country’s financial system and boost economic growth. Three state banks said on Sunday they would receive a combined 290 bill
Hong Kong’s leader has pledged to improve residents’ livelihoods through long-term strategies in the city’s first five-year plan, with concrete measures to be set out in the coming policy address. Chief Executive John Lee Ka-chiu said on Sunday that the administration would continue to uphold its pe
Inside a tiny self-service laundromat in Quarry Bay in the east of Hong Kong Island, next to a wall of washing machines, stands a waist-high cryptocurrency terminal with signs reading “Elon Musk recommends Dogecoin” and “Buy bitcoin in one minute”. In order to obtain Dogecoin through the ATM, custom
A foreclosure sale in Hong Kong’s Lan Kwai Fong area and a cancelled shop transaction in North Point reflect the impact of weak consumer spending on Hong Kong’s retail property market, which will remain under pressure through the end of the year, according to analysts. The Lan Kwai Fong property, ho
Authorities closed schools and suspended ferry routes in eastern China’s Fujian province on Thursday, after forecasters warned of heavy rain brought about by Typhoon Saudel. Extreme weather has wreaked havoc in parts of China during the past few months, with a slew of typhoons bringing torrent
Hong Kong’s mega-event economy is thriving. In a blog post last month, Financial Secretary Paul Chan Mo-po noted that in the first half of 2026, the city hosted more than 130 mega-events, drawing 1.75 million visitors and injecting roughly HK$5.8 billion (US$739.9 million) into the local economy. Th
The long-standing rivalry between Asia’s two leading financial centres is heating up. As Hong Kong and Singapore compete harder for investment talent, tax incentives for fund managers have emerged as the new battleground. A government bill working its way through Hong Kong’s Legislative Council woul
[The content of this article has been produced by our advertising partner.] In Hong Kong, around 40,000 people live with schizophrenia. Many move through a system designed to stabilise symptoms—reduce hallucinations, manage medication, shorten hospital stays. But once the symptoms are controlled, a
Rescuers in Nepal and China battled Sunday through leg-sucking mud and the threat of rising rivers and a newly formed lake to search for thousands missing after a deadly wall of water and debris swept through the Himalayas, engulfing entire villages. Latest figures from both countries put the number
Rescuers in Nepal and China were still battling Saturday to locate thousands of people missing days after a deadly, tsunami-like wall of water and debris swept through the Himalayan region, engulfing villages. The number of missing soared close to 3,000 Saturday, latest figures from both countries s
Black Spade Capital, the family office of Macau casino billionaire Lawrence Ho Yau-lung, has announced its third “de-SPAC” deal through a merger with a satellite communications firm, a move granting it access to the space technology sector. Under the agreement, Singapore-based Astrum Space will comb