54 m. ago Hong Kong moves to curb ‘abuse’ of traffic accident compensation

Lawmakers have supported the Hong Kong government’s proposal to significantly reduce the number of compensated sick leave days and daily subsidy available to traffic accident victims, claiming that the move will help prevent future abuses of the system. The legislative panel’s discussion on Monday primarily focused on reviewing the Traffic Accident Victims Assistance Scheme. Administered by the Social Welfare Department, the fund provides financial aid to victims of road traffic accidents or...

Events

1 hour ago Hong Kong students still unable to get US visa bookings: consultancy firms

Hong Kong tertiary students looking to study in the United States remain unable to secure visa appointments with the country’s local consulate, despite bookings becoming available in Beijing and other jurisdictions. Three education consultancies contacted by the Post said that they still could not book appointment slots for their clients as of Monday morning, further fuelling confusion among students amid Washington’s sudden policy shifts in recent days. Samuel Chan Sze-ming, managing partner at...

Politics

2 h. ago Hibor plunge a bigger deal for stock market than Hong Kong’s property sector

Hong Kong needs all the help it can get. Since 2018, the city has suffered one shock after another, preventing a meaningful recovery from taking hold and fuelling concerns about its position as a global financial centre. As an importer of US monetary policy with an economy that is far more synchronised with that of mainland China, Hong Kong has been the biggest casualty of economic and policy divergence between the world’s two largest economies, prompting renewed questions about the suitability...

Economics

6 h. ago 30 Hong Kong workers complain as King Parrot Group debt hits HK$5 million

More than 30 of about 120 employees affected by the sudden closure of nine restaurants operated by a giant Hong Kong catering group have sought help from labour authorities, with a representative saying the debt involved has increased to HK$5 million (US$637,155). The workers have sought help after 33-year-old restaurant chain King Parrot Group closed its nine eateries on Friday. It ran over 20 brands and more than 30 themed restaurants at its peak. The manager of a China House restaurant in Mei...

Economics

6 h. ago Beijing says it will use Hong Kong exchanges to liquidate seized cryptocurrencies

Beijing says it will use Hong Kong exchanges to liquidate seized cryptocurrencies  Macao News

Politics

7 h. ago John Lee exclusive interview, Chinese rethink UK degrees: 5 weekend reads

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. ‘Don’t kill your successful DNA’: Hong Kong’s John Lee on tariffs, trade war 2. ‘It’s too much’: Chinese students reconsider UK degrees as policies harden 3. Loitering with intent: Beijing’s new silent South China Sea strategy? 4. Japan grows restless for next-gen fighter jets as progress with...

Politics

7 h. ago Boeing plane lands back in China for delivery as tariff war eases By Reuters

Boeing plane lands back in China for delivery as tariff war eases By Reuters  Investing.com

Events

7 h. ago Boeing plane lands back in China for delivery as tariff war eases

Boeing plane lands back in China for delivery as tariff war eases  Yahoo

Events

7 h. ago Hong Kong can support taxi sector by using levies to create fund: Uber executive

Hong Kong’s taxi trade and ride-hailing services can work together on the same platform, Uber’s global head of public policy has said, while suggesting that authorities look at how other jurisdictions have adapted and used levies to set up a fund to support cabbies. In an interview with the Post, Andrew Byrne said that Hong Kong could learn from Australia’s use of a A$1.2 (78 US cents) levy, initially set at A$1, on ride-hailing and taxi services to compensate cabbies impacted by the...

Politics

8 h. ago China trade data for May misses expectations as export growth slows, imports dip

China’s export growth slowed last month amid lingering uncertainty over US tariffs, pointing to continued strain in the country’s manufacturing and trade sectors – and the slight uptick could also reflect front-loading by exporters anticipating future disruptions. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth and fell short of the estimate of a 6.28 per cent increase in a market...

Politics

8 h. ago US tariffs hit China’s exports in May, but June seen as ‘a better month’

China’s export growth slowed last month, weighed down by fewer US orders being made before the two countries came to a 90-day tariff truce. And while June’s prospects look poised to improve, China’s manufacturing and trade sectors remain under strain, according to economists, who also point to lingering uncertainties over American tariffs. China’s May exports were up by 4.8 per cent, year on year, to US$316.1 billion, customs data showed on Monday. The figure followed April’s 8.1 per cent growth...

Events

9 h. ago Hongkongers to swelter in coming days as mercury to hit 34 degrees Celsius

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 will experience very hot weather over the next few days under the influence of a high-pressure area, with temperatures expected to hit 34 degrees Celsius (93.2 Fahrenheit) on Tuesday, according to the forecaster. “An anticyclone aloft [area of high pressure] is bringing generally...

Events

9 h. ago Hong Kong to issue No 1 typhoon warning signal as early as Tuesday night

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 will issue the No 1 typhoon warning signal as early as Tuesday night, as an area of low pressure is expected to develop into a tropical cyclone and move towards the city amid sweltering heat. The Observatory said on Monday the tropical cyclone was expected to...

Events

9 h. ago Hong Kong firms must consider national interests in commercial deals: John Lee

Hong Kong businesses must consider national interests while pursuing commercial deals, the city’s leader has said, arguing that the two are not mutually exclusive. In an interview with the Post as he marked three years in office, Chief Executive John Lee Ka-chiu stressed the importance of local companies keeping national interests in mind while seeking profits. Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings has recently drawn the ire of Beijing over a controversial deal to sell its...

Economics

10 h. ago Government is making all the wrong noises about Fanling water scare

To celebrate the 60th anniversary of the Dongjiang water supply to Hong Kong, the government launched a series of events reminding residents to be grateful for the water they drink. Earlier in the year, Director of Water Supplies Roger Wong Yan-lok said he hoped the public would more deeply understand the importance of the water supply and appreciate the country’s immense support. Yes, water is life. It is not to be taken for granted. That’s why both Wong and Secretary for Development Bernadette...

Politics

10 h. ago Why is Hong Kong releasing 83,500 young fish into its waters?

Hong Kong authorities have released 83,500 juvenile fish into waters near the airport and other locations as part of a string of events intended to enrich marine resources. The initiatives by the Airport Authority and the Agriculture, Fisheries and Conservation Department on Friday marked the annual National Fish Releasing Day on June 6. The authority, which oversees the city’s airport, released 60,000 “larger-than-fist-sized” fish into a vessel-prohibited area west of the airport’s central...

Politics

11 h. ago Hong Kong’s stablecoin law opens floodgates for boom in digital assets: brokers

Hong Kong has surged ahead of its global rivals with its landmark stablecoin law, setting the stage for a boom in digital assets and an injection of fresh liquidity into the market, according to brokers. “We’re seeing a significant trend in investments related to stablecoins on our platform, which highlights the growing importance of this sector,” said Daniel Tse, managing director of Futu Securities International, Hong Kong’s largest online brokerage firm, in a written interview on...

Events

12 h. ago HSBC to grow investment bank to serve rising demand for IPOs

HSBC will expand its investment banking business to serve the rising demand of companies from Asia and the Middle East for initial public offerings (IPOs), said the co-CEOs of the bank’s biggest profit centre. The plan aligns with the bank’s restructuring to focus on high-return areas like Hong Kong and India, as well as exit low-profitability markets like Europe and the US. Hong Kong sits atop the world’s IPO league table, after 27 companies raised US$9.96 billion this year as of last week,...

Economics

21 h. ago Hong Kong students eyeing US universities advised to check social media accounts

Hong Kong students hoping to attend universities in the US should review their social media for content related to the country’s politics, an education consultant has advised, as uncertainties swirled amid reported flip-flopping over whether consulates could process visa applications for Harvard. Consultants on Sunday told the Post they were still trying to get confirmation on what American authorities required and were unclear about whether they would be able to book visa interviews for their...

Politics

22 h. ago Critically injured Hong Kong officer ‘did what he needed to do’: police chief

An officer critically injured after falling 10 metres from a flyover near Tuen Mun when trying to avoid an oncoming bus “did what he needed to do”, Hong Kong’s police chief said on Sunday. Commissioner of Police Joe Chow Yat-ming said that the constable, 31, had regained consciousness but remained in the intensive care ward of Tuen Mun Hospital and was still in a critical condition. Chow declined to further discuss the progress or the direction of the investigation. The accident took place on...

Events