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The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) has received enquiries from members of the public regarding fraudsters who impersonate the HKMA and issue a forged document about "tender of Exchange Fund Bills" under the guise of "e-HKD" related businesses.
Chinese carmakers’ reinforced push to produce more smart vehicles could sustain growth for hi-tech component suppliers, even as the broader automotive market remains lacklustre, according to Hesai Group chief financial officer Andrew Fan. “Orders for our lidar sensors [this year] were higher than in the same period las
Supernodes were everywhere at last month’s World Artificial Intelligence Conference (WAIC) in Shanghai. Assemblies of dozens or hundreds of computer chips and associated hardware, supernodes are China’s way around the United States’ ban on the export of the most advanced artificial intelligence (AI) chips. Using greate
China sentenced the founder of embattled property giant Evergrande to life in prison and fined the group more than US$2 billion on Thursday for offences including fraud, five years after a high-profile default. Evergrande Group was once the face of Chinese real estate, surfing a decades-long property boom as it peddled
Hong Kong Customs from August 12 to 14 seized a total of about 25 000 suspected counterfeit goods and 1 000 suspected illicit cigarettes with a total estimated market value of about $8.5 million at the Tuen Mun River Trade Terminal. Through intelligence analysis and risk assessment, Customs inspected three 40-foot cont
Fewer than 30,000 babies were born over the past year, despite the government’s monetary incentives aimed at encouraging fertility. It marks the first time mid-year births have fallen beneath 30,000. According to figures released by the Census and Statistics Department on Tuesday, a total of 29,709 babies were born fro
In a record funding round for China’s satellite internet sector, domestic start-up SpaceSail has raised around 7 billion yuan (US$1 billion) to accelerate the buildout of a low-Earth-orbit (LEO) network designed to compete with Elon Musk’s Starlink project. Known officially as Shanghai Spacecom Satellite Technology, th
Hong Kong customs officers have arrested two staff members from local branches of the skincare chain Opatra London over alleged coercive sales tactics. The Customs and Excise Department said in a media briefing on Wednesday that they arrested a 25-year-old woman, Opatra London Hong Kong’s administrative manager, and a
Barry Eichengreen is a leading American economist and one of the world’s foremost experts on international monetary systems. He is a professor of economics and political science at the University of California, Berkeley, where he has taught since 1987. He served as a senior policy adviser at the International Monetary
Police today (August 19) appealed to the public for information on a woman who went missing in Tuen Mun. Sze Po-chi, aged 81, went missing after she was last seen at a roundabout in Fu Tai Estate last night (August 18). Her family then made a report to Police. She is about 1.5 metres tall, 65 kilograms in weight and of
News that comedian Guo Degang is under investigation by the Wuhan Municipal Bureau of Culture and Tourism for a playful riff on an old “red tune” has set alarm bells ringing about the state of artistic censorship in China. While playing the popular role of “mad monk” Ji Gong in a theatrical performance in Wuhan […]
Hong Kong conglomerate CK Hutchison said on Thursday it has filed international arbitration proceedings against Panama over its cancellation of a concession to operate two ports in the Panama Canal. The dispute stems from a Panama supreme court ruling in January that struck down the contract that let Panama Ports Compa
The Transport Department (TD) said today (August 20) that it will progressively launch projects under the co-ordination of the AI Efficacy Enhancement Team to make effective use of artificial intelligence (AI) to enhance the quality and efficiency of licensing services, and advance towards digital traffic management to
West Africa has embraced Chinese green tea – from government offices in Mauritania to roadside stalls in Senegal, Mali and Niger, it is at the heart of a tradition that brings people together. The ritual – known as ataya, or attaya in some countries – involves preparing and serving strong, sweet green tea in three roun
Mahjong is having a global moment. From designer tile sets and “mahjong parties” to growing numbers of clubs and classes, the centuries-old Chinese tile game is becoming trendy once again. But its resurgence raises questions about cultural exchange, commercialization, and what happens when a tradition rooted in Chinese
This past week, another unlikely film went viral in Chinese cinemas. On its August 5 debut, the animated film Niu Lai, or The Arrival of the Ox, only earned 3,420 yuan (US$507) at the box office. About 10 days later, it suddenly saw a spike in viewers and generated six figures of revenue. On Saturday, its box office cl
Beijing welcomes South and North Korea moving towards peaceful coexistence and calls on Washington to change its “hostile policy” on Pyongyang, according to Chinese Foreign Minister Wang Yi. In talks with his counterpart, Cho Hyun, in Seoul on Wednesday, Wang said China was “always committed to playing a constructive r
China is stepping up efforts to source local components for its passenger aircraft, particularly the C919 narrowbody airliner, with the focus expanding from home-grown engines to progressively replacing imported sealants, paints, bolts and other materials, according to a prominent aircraft engineer. The push means the
A new study from China has warned Beijing of the danger of defence contractors having too much influence over defence policy, pointing to the profit-driven expansion of the US military-industrial complex as a salutary example. In the study published on Monday, researchers at Shanghai Jiao Tong University’s National Ins
An animal rights NGO is offering a HK$50,000 reward for anyone with information that could assist police in a case involving suspected hamster abuse. In a social media post on Wednesday, PETA Asia said the discovery of two hamsters next to a rubbish bin in Sham Shui Po with severe injuries to their limbs was […]
A Chinese national was charged in the United States on Wednesday with committing voter fraud during the 2024 presidential election for allegedly impersonating a fellow countryman and later submitting anonymous tips about him to immigration authorities. Yupeng Sun, a Massachusetts resident, was arrested this week for al
The United States and Canada signalled on Wednesday that they were close to finalising a comprehensive trade deal, after US President Donald Trump paused implementing a new round of crippling tariffs. "We've come to a deal with Canada," Trump said on Wednesday, adding that it's "subject to finalisation of documents." H
The US gross national debt has surged past US$40 trillion, US government data showed on Wednesday, outstripping earlier forecasts at a pace fuelled in part by US President Donald Trump's invalidated tariffs. The uptick in borrowing comes as longer-term US obligations linked to social security and health care have been
Stock markets mostly rose on Wednesday and the US dollar fell sharply after the US Treasury signalled action to push down government bond yields, easing fears that higher borrowing costs would weigh on economic growth worldwide. Oil prices again moved higher on doubts of any quick deal to reopen the Strait of Hormuz to
Just weeks before Chinese leader Xi Jinping is due to visit the White House, tensions have flared between Washington and its allies after one of the administration’s sharpest rebukes yet. Speaking in Manila on August 10, Elbridge Colby, undersecretary of defence for policy, pressed regional partners to increase defence
US President Donald Trump’s ambitious plan to build a national missile defence system, dubbed the “Golden Dome”, may not be able to fully protect America but could accelerate the global arms race involving China, Russia and North Korea, according to experts. “If we expand these missile defences further, we can expect a
Almost five years after the pandemic-era surge in anti-Asian hate in the US, new Federal Bureau of Investigation (FBI) data shows a downward trend nationally. But advocates say concerns persist amid immigration crackdowns and heightened US-China geopolitical tension. A survey from Stop AAPI Hate, a self-reporting platf
A weak yuan guarantees Beijing massive trade surplus even as the White House tries tamp down on Chinese imports Since China offered a truce in the trade war last October following its threat to deprive the United States of rare-earth magnets, the Trump administration has been happy to stop escalating. After all, import
The seasonally adjusted unemployment rate in May - July 2026 was 3.7% (provisional figure), and the underemployment rate in the same period was 1.7% (provisional figure).
Owner of firm behind ‘Temu Range Rover’ will open facility in Bedfordshire in autumn The Chinese carmaker behind the irreverently nicknamed “Temu Range Rover” is plotting further UK expansion with a major research and development centre in England. Chery, which makes the Jaecoo and Omoda car brands, said the launch of
Hong Kong’s stock exchange reported record profits on Wednesday, thanks to a surge in demand for initial public offerings by tech and artificial intelligence companies, the bourse operator said on Wednesday. The results come as Hong Kong’s IPO market saw a surge in listings from the artificial intelligence, technology
Patriot Critical Minerals of the US plans to dig into a long-abandoned mining site in the sparsely populated state of Nevada to extract tungsten, an important raw material with industrial uses ranging from aerospace gear to common cutting tools. The company, with only that single asset, is applying to the US department
Large language models are expert in intelligence work, able to quickly mine key data and analyse weapons performance – tasks that once took analysts huge amounts of time and effort. But engineers at China’s AVIC Chengdu Aircraft Research and Design Institute, developer of the People’s Liberation Army’s backbone J-20 an
Beijing has banned Chinese entities from assisting with a European Union investigation into e-commerce giant JD.com under the bloc’s foreign subsidies regulation (FSR). A statement from China’s Ministry of Justice on Wednesday condemned the probe as “undue extraterritorial jurisdiction measures”, ordering that “no orga
The Agriculture, Fisheries and Conservation Department (AFCD) today (August 19) charged a 52-year-old man under the Dangerous Dogs Regulation (Cap. 167D) for failing to properly control a large dog, and is following up on laying additional charges under the Prevention of Cruelty to Animals Ordinance (Cap. 169). The man
At China’s annual World Robot Conference (WRC) that kicked off on Wednesday, the hall was filled with humanoid robots wowing visitors with feats of dexterity: from playing table tennis to performing drum solos. These eye-catching displays have helped China’s robotics industry win global attention – and raise huge amoun
Taiwan’s first test of a locally developed satellite launch vehicle failed on Wednesday after the rocket veered off course, terrifying nearby villagers who mistook it for an incoming missile. The rocket was launched at around 6am local time from the Jiupeng missile testing base in southern Pingtung county. The base is
To facilitate the launch of the Bonus Plot Ratio Pilot Scheme (the Pilot Scheme) in September, the Planning Department (PlanD), the Lands Department (LandsD) and the Buildings Department (BD) under the Development Bureau (DEVB) issued a Joint Practice Note (JPN) today (August 19) setting out the detailed requirements a
China has approved the construction of a marine environmental observation station to monitor an area that includes the disputed Scarborough Shoal, a persistent flashpoint in tensions with the Philippines in the South China Sea. The Zhongsha Islands Marine Ecological and Environmental Field Observation and Research Stat