68 m. ago China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

91 m. ago Hong Kong Airlines cuts Japan routes over sluggish tourism and tremor concerns

Hong Kong Airlines is set to cancel flights to Kagoshima and Kumamoto in Japan in July and August, citing sluggish demand for tourism in the country, while flight schedules between the city and Nagoya will also be adjusted. The carrier announced the flight adjustments on Thursday amid growing concerns about a long-feared megaquake predicted to hit Japan. The airline said affected passengers could rebook to other destinations, including other cities in Japan and mainland China, as well as Taipei,...

Society

91 m. ago Hong Kong flights to 2 Japanese cities cut over sluggish tourism and quake fears

Hong Kong Airlines is set to cancel flights to Kagoshima and Kumamoto in Japan in July and August, citing sluggish demand for tourism in the country, while flight schedules between the city and Nagoya will also be adjusted. The carrier announced the flight adjustments on Thursday amid growing concerns about a long-feared megaquake predicted to hit Japan. The airline said affected passengers could rebook for other destinations, including other cities in Japan and mainland China, as well as...

Politics

1 hour ago Fire erupts in Hong Kong shopping district, with smoke billowing into streets

A fire erupted in Hong Kong’s Causeway Bay on Thursday afternoon, with smoke billowing into the streets of the shopping district. A Post reporter observed smoke coming from what appeared to be the ground floor entrance of the Apartment O service flats near Eton Tower, with emergency personnel arriving at the scene to extinguish the blaze. At least nine fire trucks were spotted in the area. Police and firefighters also blocked off road access along Hoi Ping Road. The smoke could be smelt from...

Economics

1 hour ago Teen star of Hong Kong documentary on DSE exams convicted of theft again

A Hong Kong student who starred in a popular web documentary about the city’s university entrance exams has been convicted of theft for a second time after pleading guilty to shoplifting at a supermarket. Eastern Court on Thursday recorded a guilty plea from Tang Ngai-hong, who admitted to stealing a bag of fruit and two packets of potato chips from the Fresh supermarket at Kornhill Plaza North in Quarry Bay on January 5. The offence took place just five months after the 19-year-old was fined...

Politics

3 h. ago Applications for 2,576 Hong Kong subsidised flats to open in third quarter of 2025

Public housing tenants can apply to buy more than 2,500 subsidised flats in Hong Kong in the third quarter of this year, with the homes to go for 60 per cent of the market price, the Post has learned. An insider said on Thursday that the Housing Authority would offer 2,576 new subsidised flats at a site in Kowloon this year under the Green Form Subsidised Home Ownership Scheme, which focuses on residents living in public housing estates. Prices would range from HK$1.15 million (US$146,500) to...

Politics

3 h. ago Applications for 2,576 Hong Kong subsidised flats to open in third quarter

Public housing tenants can apply to buy more than 2,500 subsidised flats in Hong Kong in the third quarter of this year, with the homes to go for 60 per cent of the market price, the Post has learned. An insider said on Thursday that the Housing Authority would offer 2,576 new subsidised flats at a site in Kowloon this year under the Green Form Subsidised Home Ownership Scheme, which focuses on residents living in public housing estates. Prices would range from HK$1.15 million (US$146,500) to...

Politics

4 h. ago Hong Kong exhibition opens to mark fifth anniversary of national security law

An exhibition commemorating the fifth anniversary of the Beijing-imposed national security law has opened in Hong Kong, featuring video footage and images from three major social movements, with city officials urging residents to remain vigilant against threats. At the opening ceremony of the government-organised event on Thursday, Secretary for Security Chris Tang Ping-keung noted that as of June 1, 326 people had been arrested under relevant national security laws, including the legislation...

Events

5 h. ago Pianist Aristo Sham ‘overwhelmed’ by Hong Kong response to his contest win

Aristo Sham Ching-tao, the first pianist from Hong Kong to win the gold medal in the Van Cliburn Piano Competition, has expressed his gratitude for the overwhelming support he received from the city following his victory in one of the world’s toughest and most prestigious music competitions. Speaking from New York, Sham said: “I am overwhelmed by the support in Hong Kong since the news of my win. I really did not expect that.” Born in Hong Kong, he left to study overseas at the age of 14, but...

Culture

6 h. 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

6 h. ago Chery to debut in third quarter as carmaker uses Hong Kong as a springboard

Chery Automobile, China’s second-largest carmaker by volume, is seeking to complete its Hong Kong initial public offering (IPO) in the third quarter of this year, its chairman said. At the 2025 International Automotive & Supply Chain Expo in Hong Kong on Thursday, Yin Tongyue said the company was seeking to use the city as a launching pad into the global market. Chery, based in Wuhu in eastern Anhui province, has filed its intention to list on the Hong Kong stock exchange. “We hope to have more...

Politics

8 h. ago The case of Hong Kong vs Singapore: unlimited potential for collaboration

From Hong Kong Disneyland and Universal Studios Singapore to Cathay Pacific and Singapore Airlines, there is this never-ending comparison between Hong Kong and Singapore. Insofar as our legal systems and the legal markets are concerned, there are also interesting similarities and differences. Both Hong Kong and Singapore are common law jurisdictions with developed and efficient legal systems. We are both in strategic locations with world-class legal infrastructure and vibrant legal communities....

Politics

8 h. ago To achieve its AI ambition, Hong Kong must start investing in schools

With rapid advances in technological development transforming industries and permeating every facet of our lives, there are mounting calls for schools to embrace artificial intelligence in the curriculum. While the focus on AI can seem overwhelming, the role of schools in this new AI-driven world demands attention. Where there is a focus on AI in schools, it is likely to be about effective and ethical ways to use AI. This is important, especially the focus on ethical issues, but there is perhaps...

Politics

9 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

9 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

9 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect for most of the 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

9 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect throughout the 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 remain in force throughout Thursday, as squally showers associated with a tropical storm near the coast of Guangdong continue to affect the city. The Observatory said that Tropical Storm Wutip, which is named...

Events

9 h. ago Tropical Storm Wutip: Hong Kong’s T1 alert to stay in effect until at least Friday

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 the No 1 typhoon warning signal will remain in force until Friday afternoon or possibly Saturday, as squally showers associated with a tropical storm near the coast of Guangdong province continue to affect the city. The Observatory said Tropical Storm...

Events

9 h. ago Hong Kong police chief vows vigilance against lingering national security threats

Hong Kong’s police chief has pledged vigilance against lingering threats of external interference, home-grown terrorism and “soft resistance”, five years after the Beijing-imposed national security law was promulgated. Commissioner of Police Joe Chow Yat-ming said that while Hong Kong had returned to a state of stability in recent years, “undercurrents” remained that required the force to boost its intelligence-gathering and law enforcement efforts. “Now we are talking about how to advance from...

Events

12 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