8 d. ago How China’s diaspora became both an asset and a source of anxiety

Wang Gungwu – one of Asia’s most respected historians and a pioneering scholar of the Chinese diaspora – explores in Roads to Chinese Modernity: Civilisation and National Culture how China evolved into a modern nation navigating reform and globalisation. In this excerpt, Wang traces how, in the late 19th and early 20th centuries, reformers and revolutionaries such as Kang You-wei, Liang Qichao and Sun Yat-sen began rallying support from overseas Chinese communities. Once dismissed as disloyal...

Politics

2 w. ago Hong Kong’s Gale Well continues asset sales with US$66 million Stanley property

Hong Kong property investment firm Gale Well Group put a luxury property site in Stanley on the block for HK$520 million (US$66.3 million), as it continues its campaign to divest and deleverage amid a prolonged downturn in the city’s real estate market. The 26,600 sq ft site, located at 8 Stanley Beach Road, has three blocks of flats that are three stories each, with a total of nine units and 10 car parking spaces. Some flats are vacant, some have tenants and the property will be sold on an...

Economics

2 w. ago Hong Kong’s Gale Well suffers US$6.5 million loss on sale of 2 shops

Hong Kong property investment firm Gale Well Group, which has been divesting assets, sold three shops this month, incurring a loss of more than HK$51 million (US$6.5 million) on two of them, as the city’s retail real estate market remains mired in a downturn. Gale Well sold a 2,780 sq ft street-level shop at King Kwong Street in Happy Valley for HK$28.8 million, nearly 40 per cent lower than the HK$46 million it paid in 2008, according to Land Registry data. The transaction was completed on May...

Economics

3 w. ago Hong Kong developer CK Asset set to weather ‘stress test’ conditions, chairman says

The group is financially healthy and has a war chest to cope with unforeseen events as Hong Kong endures a ‘stress test’, Victor Li says.

Politics

3 w. ago Collective oversight to blame in Hong Kong’s CK Asset building scandal: experts

While noting bribery incident was rare, engineers say many workers must have known about shortage of steel rebar as fault was widespread.

Science

3 w. ago 10 arrested in Hong Kong in bribery case centred on CK Asset development

ICAC alleges that subcontractors offered site supervisors perks in exchange for lax oversight of steel rebar work on Anderson Road project.

Events