91 m. ago Worker dies after iron beam falls at Hong Kong construction site amid rainstorm

A worker has died after an iron beam fell at a construction site near the border-crossing facilities of Hong Kong’s mega bridge connecting mainland China and Macau. Police said on Thursday that they received a report at 1.58pm that an iron beam had fallen at the site, hitting two workers. One of them was certified dead while the other was injured in the wrist and shoulder. The injured worker has been sent to North Lantau Hospital for treatment. The incident happened on Shun Wui Road, which is...

Events

7 h. ago Hong Kong stocks waver as investors await details on policy support from Beijing

Hong Kong stocks fluctuated between gains and losses on Thursday as investors awaited signals on additional policy support from Beijing after China’s deflation deepened and the end of the 90-day tariff ceasefire with the US gets closer. The Hang Seng Index fell less than 0.1 per cent to 23,887 as of 10.05am local time, while the Hang Seng Tech Index dropped 0.4 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.3 per cent. Sunny Optical...

Economics

7 h. ago Hong Kong stocks rebound as investors await details on policy support from Beijing

Hong Kong stocks rebounded on Thursday as investors awaited signals on additional policy support from Beijing as the end of the 90-day tariff ceasefire with the US neared and after China’s deflation deepened. The Hang Seng Index rose 0.6 per cent to 24,028.37 at the close and the Hang Seng Tech Index dropped 0.3 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both climbed 0.5 per cent. Sunny Optical Technology advanced 6.1 per cent to HK$75.45 and BYD Electronic...

Economics

9 h. ago Will speeding up rail line for Northern Metropolis entice Hong Kong developers?

The Hong Kong government’s plan to speed up the construction of the rail backbone of the Northern Metropolis near the border with mainland China will make the megaproject more appealing to developers, but whether they will be persuaded to invest is another matter, experts have said. Amid a depressed property market, developers have voiced concerns over their profit margins if they commit to building in the hub, which Hong Kong and Macau Affairs Office Director Xia Baolong urged the city to...

Politics

19 h. ago Hong Kong tech and telecoms giants unite to combat online fraud

Hong Kong’s major social media, messaging platform providers and telecoms firms have pledged to strengthen checks on advertisers’ identities and remove fraudulent advertisements embedded with phishing links. Seven social media or messaging platforms and six telecommunications companies have joined the Hong Kong Monetary Authority’s (HKMA) Anti-scam Consumer Protection Charter 3.0. The initiative commits them to proactively detecting fraud on their platforms and networks, as well as cooperating...

Politics

20 h. ago JD.com’s US$1.4 billion plan heats up delivery battle with Meituan, Alibaba

JD.com has pledged more than 10 billion yuan (US$1.4 billion) under its ambitious “Double Hundred Plan” to support so-called benchmark brands across various categories, further heating up China’s on-demand delivery sector, as industry-wide daily orders reached a new high of more than 200 million. The Beijing-based e-commerce giant’s latest initiative seeks to elevate sales of select brands beyond one million items on its platform via measures that include increased traffic, marketing incentives...

Society

20 h. ago China pledges to build megaprojects despite pivot to domestic consumption

China will continue to “scientifically” plan and build megaprojects while maintaining its “investment intensity” over the next five years, officials said – even as Beijing seeks to shift to a more consumption-driven growth model. “To further drive economic development and improve people’s livelihoods, it is essential to maintain a certain scale of investment,” said Li Chunlin, vice-chairman of the National Development and Reform Commission (NDRC), the country’s top economic planner, at a press...

Politics

21 h. ago Speed Dialogue Meetings in Türkiye Bridges Generations to Revitalize Beijing+30 Vision

Speed Dialogue Meetings in Türkiye Bridges Generations to Revitalize Beijing+30 Vision  UN Women Europe and Central Asia

Politics

21 h. ago Chinese EV maker Zeekr plugs in to hybrids to tap into soaring sales

Zeekr, a premium electric vehicle (EV) unit of Geely Auto, has jumped on the hybrid technology bandwagon to widen its customer base amid rising competition in the world’s largest automotive market. The Hangzhou-based company has become the latest mainland Chinese EV assembler to launch plug-in hybrids, leaving Shanghai-headquartered Nio as the only domestic company making pure EVs. US carmaker Tesla, which produces cars on the mainland, is another maker of pure EVs. “Nearly all Chinese carmakers...

Politics

22 h. ago China's industry ministry opens complaint platform for auto suppliers about payment issues

China's industry ministry opens complaint platform for auto suppliers about payment issues  Yahoo Finance

Politics

25 h. ago Mainland standards may cut Hong Kong rail link costs by up to 40%: lawmakers

A new arrangement for building a major rail link in Hong Kong’s Northern Metropolis mega development can reduce costs by up to 40 per cent through leveraging mainland China’s lower wages and construction standards, lawmakers have said. Speaking to the Post on Wednesday, legislator Michael Tien Puk-sun said the financing agreement announced the previous day would satisfy the demand of Xia Baolong, Beijing’s top man on local affairs, to accelerate the development of the metropolis near the border...

Politics

25 h. ago ‘Using mainland Chinese standards for Hong Kong rail project can cut costs by 30%’

A novel arrangement to build mass transit links in Hong Kong’s Northern Metropolis aims to reduce construction costs by up to 30 per cent through adopting world-leading mainland Chinese standards for railway lines, the government has said. The Highways Department said on Wednesday the estimated cost of the first phase of the Northern Link rail development was HK$31.4 billion (US$4 billion) and construction of the spur line using mainland standards was set to begin in 2027. “The mainland railway...

Politics

25 h. ago China denies giving Iran air defence systems after conflict with Israel

China has denied transferring surface-to-air missile batteries to Iran following Israel’s attacks on the Islamic Republic last month. The British-based platform Middle East Eye reported on Monday that Chinese air defence equipment had been sent to Iran after it struck a truce with Israel last month, citing an Arab official familiar with the intelligence. One source told the platform that China – the biggest recipient of Iran’s oil exports – had received payment in oil shipments, but the report...

Politics

26 h. ago BYD and Geely bank on big discounts, Xpeng’s ‘super AI’ SUV : 7 EV reads

We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing. 1. BYD, Geely bank on big discounts to set record car sales, dent smaller rivals China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on...

Politics

27 h. ago BYD makes safety pledge for cars with proprietary assisted driving in China

BYD makes safety pledge for cars with proprietary assisted driving in China  Reuters

Transport

31 h. ago Hong Kong stocks fall on worries about China’s deflationary pressure

Hong Kong stocks fell by the most in nearly three weeks as China’s deflationary trend became more entrenched, deepening concerns about the nation’s growth prospects. The Hang Seng Index dropped 0.8 per cent to 23,943.42 at 10.13am local time on Wednesday and the Hang Seng Tech Index retreated 1.3 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.3 per cent. Henderson Land Development slumped 8.3 per cent to HK$26 after raising HK$8 billion...

Events

31 h. ago 5 stocks gain in Hong Kong trading debut as bull market rages on

Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their debuts, cementing the city’s position atop the global ranking for initial public offerings (IPO). Wuhan Dazhong Dental Medical (2651) was the biggest winner of the day when its shares jumped 20 per cent at the open to HK$24, from its IPO price of HK$20. The shares of Apple supplier Lens Technology (6613) began trading at HK$18.88, a premium of 3.8 per cent from...

Economics

31 h. ago Apple supplier Lens, 4 other stocks gain in busiest day for new listings in 2025

Hong Kong’s stock exchange had its busiest day of the year for new listings on Wednesday as five mainland Chinese companies made their trading debuts, cementing the city’s top global ranking for initial public offerings (IPOs). Semiconductor chip designer Fortior Technology was the biggest winner after its shares surged 16 per cent to HK$139.80. The Shanghai-listed company raised HK$2.26 billion (US$287.8 million) from its offering of new shares at HK$120.50 each. Apple supplier Lens Technology...

Politics

32 h. ago Export ban for Taiwan firms a stern warning for separatist forces: Beijing

Beijing has banned the export of dual-use items to eight Taiwan-based aerospace and shipbuilding companies, including suppliers to the Taiwanese military. The move was hailed by the mainland’s Taiwan Affairs Office as a “stern warning against repeated provocations by separatist forces” in a statement on Wednesday, after the commerce ministry’s announcement of the move. According to the ministry, the companies, which include defence supplier Aerospace Industrial Development Corporation (AIDC),...

Events

33 h. ago Japan dives deep in race for rare earths, stirring a green backlash

Japan’s quest for rare earths is about to plunge to unprecedented depths in what could be the most extreme trial extraction ever attempted, accelerating a push to lessen its reliance on overseas suppliers – but at what environmental cost? The Japan Agency for Marine-Earth Science and Technology plans to deploy a deep-sea drilling vessel to a site around 100km (54 nautical miles) from Minamitorishima, according to a report in the Nikkei newspaper dated July 1. The remote atoll is some 1,850km...

Sport