10 m. ago Chinese vessel grounding: concern in Philippines over new grey

A recent case of a Chinese militia vessel running aground on a strategic island in the disputed South China Sea has raised concerns from the Philippine side of another wave of so-called grey-zone activities by Beijing, even as Manila’s officials acknowledge the incident could be down to inclement weather. Observers point to the Philippines having adopted the same strategy to stake claim over the Second Thomas Shoal when it permanently grounded the war vessel BRP Sierra Madre in 1999. The recent...

Politics

57 m. ago Chery’s stock to debut in third quarter in carmaker’s Hong Kong IPO

Chery Automobile, China’s second-largest automobile maker by volume, is aiming to complete its initial public offering (IPO) in Hong Kong in the third quarter of this year, said its chairman. The company, based in Wuhu city in eastern China’s Anhui province, has filed its intention to list on the Hong Kong stock exchange and use the city as its springboard for venturing into the global market, said Yin Tongyue during the 2025 Automotive Expo in the city. “We hope to have more of our...

Politics

2 h. ago Chinese astronomers recorded details of dying star’s explosion in 1408: study

Just after sunset on an October evening in 1408, six years into the reign of the Ming dynasty’s Emperor Yongle, Chinese court astronomers spotted a mysterious new star glowing high in the southern sky, near the heart of the Milky Way. “It was about the size of a cup-shaped oil lamp, with a pure yellow colour, smooth and bright,” according to Hanlin Academy scholar Hu Guang, in a formal report to the emperor that interpreted its appearance as a heavenly endorsement. “We, your ministers, have...

Events

2 h. ago China Gets First Private Builder Dollar Bond Offering Since 2023

China Gets First Private Builder Dollar Bond Offering Since 2023  Bloomberg

Politics

2 h. ago US President Donald Trump says rare earths deal 'done' with China

US President Donald Trump says rare earths deal 'done' with China  BBC

Politics

3 h. ago China approves world’s biggest amphibious plane, AG600, for mass production

China’s home-grown AG600, the world’s largest amphibious aircraft, has been given the green light for mass production, marking a step forward in building an independent and globally competitive aviation industry. The Civil Aviation Administration of China (CAAC) certified the plane on Wednesday, confirming that its developer, the state-owned Aviation Industry Corporation of China (Avic), has established a reliable system to consistently produce aircraft that meet safety standards, according to...

Politics

3 h. ago With early stablecoin law, Hong Kong looks to keep edge as finance hub

With the passage of one of the world’s most comprehensive stablecoin laws two weeks ago, Hong Kong is looking to stay at the forefront of global finance while addressing lessons from past industry setbacks, according to analysts. Being a “first mover” in stablecoin legislation “reflects the determination” of the city’s government to “unlock value that they see in this sector, given the number of hurdles from past incidents”, said Melvin Deng, CEO of digital asset trading firm QCP Capital. Hong...

Politics

3 h. ago China women pay US$14 to relax with charming men who take them on luxury car rides

Young women in southern China are spending 99 yuan (US$14) to relax with fit, handsome men who treat them to luxury car rides after work. According to the mainland media outlet Vista Hydrogen Business, a new trend called “city ride” is gaining traction in cities like Shanghai, Hangzhou, and Xiamen. This service features so-called “man bodhisattvas,” who provide companionship rides in expensive vehicles. These men are often affluent university students who use their families’ luxury cars during...

Economics

3 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect most of day

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s weather forecaster has said that the No 1 typhoon warning signal will stay in force for most of Thursday, as squally showers associated with a tropical storm near the coast of Guangdong continue to affect the city. The Hong Kong Observatory issued the signal at 12.40am on Wednesday...

Events

4 h. ago Mainland China scientists build electronic war game for Taiwan and nearby waters

A PLA mobile electronic warfare platform deployed southeast of Taiwan activates its emitter, shattering the electromagnetic silence with powerful pulses, which are initially blocked by the island’s towering central mountain range. But while the key eastern military bases are unaffected at first, gradually the signals navigate the complex terrain, reflecting like mirrors off slopes and scattering across rough surfaces. Eventually, they cross the peaks to blanket the entire island and its...

Events

4 h. ago U.S., China reach trade truce after two days of talks, Trump says

U.S., China reach trade truce after two days of talks, Trump says  The Globe and Mail

Politics

4 h. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

6 h. ago Trump touts trade truce with China as White House searches for wins

Trump touts trade truce with China as White House searches for wins  The Hill

Politics

6 h. ago China’s orchard of AI, chip grads now ripe for the pickin’ as tech trade sours

When Jack Wang enrolled as an undergraduate in microelectronics at a prestigious Chinese university, the year was 2019, and China was in the early days of its trade war with the United States. Looking back, his decision to focus on the field revolving around the design and manufacture of hi-tech microchips has proved prescient. Today, it complements Beijing’s aspirations to make world-leading semiconductors amid Washington’s amped-up efforts to curtail China’s technological progress. Indeed, the...

Politics

6 h. ago Beijing’s ties with Moscow and Kyiv should be leveraged for peace

The International Organisation for Mediation launched in Hong Kong late last month, counting 32 countries as founding signatories. An institution designed to supplement and actualise Article 33 of the United Nations Charter is something the world increasingly needs as Russia’s invasion of Ukraine drags into its fourth year. Recent peace talks in Istanbul produced no appreciable progress, while swings on the battlefield have long since given way to a grinding impasse. Neither side appears capable...

Politics

7 h. ago Trump crackdown on international students affects far more schools than Harvard

US President Donald Trump’s proclamation last week that he would bar Harvard University from enrolling new international students put the spotlight back on an unprecedented stand-off between the White House and America’s pre-eminent university. Trump’s move came less than a week after a federal court injunction blocked the US Department of Homeland Security’s termination of Harvard’s ability to host international students. It was also just hours after the administration threatened Columbia...

Politics

7 h. ago Small retailers on 'vacation from hell' as they seek clarity on Trump's China tariffs

Small retailers on 'vacation from hell' as they seek clarity on Trump's China tariffs  CNBC

Politics

8 h. ago Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better

Stocks dip despite Trump’s notice of ‘DONE’ deal with China and better-than-expected inflation data  Fortune

Politics

9 h. ago Trump tariffs live updates: Bessent suggests pause extension, US

Trump tariffs live updates: Bessent suggests pause extension, US-China trade framework takes shape  Yahoo Finance

Politics

10 h. ago US Treasury chief slams ‘unreliable’ China at House hearing on Trump trade policy

US Treasury Secretary Scott Bessent slammed Beijing on Wednesday for its aggressive export policies, urged it to be a more dependable partner and depicted China’s disjointed economic structure as hurting not only the US but the entire globe. “China currently has the most unbalanced economy in the history of the world,” Bessent, a former hedge fund manager, told the powerful House Ways and Means Committee. “They cannot be allowed to export their way back to prosperity, not only for working...

Politics