16 h. ago Henderson Land signs Jane Street as anchor in Central Hong Kong project

Henderson Land Development, one of Hong Kong’s largest developers, has leased a 223,437 sq ft space in its prized mixed-use project in Central to Jane Street Asia in one of the largest leasing transactions in the city’s main business district in decades. The rent for the space, across six floors in New Central Harbourfront, will be HK$137 (US$17.45) per square foot per month, or HK$30.6 million per month, excluding fees. The transaction, which makes the quant trading firm the anchor tenant of...

Politics

16 h. ago Jane Street to pay US$3.9m a month to rent Hong Kong office space

Henderson Land Development, one of Hong Kong’s largest developers, has leased a 223,437 sq ft space in its prized mixed-use project in Central to Jane Street Asia in one of the largest leasing transactions in the city’s main business district in decades. The rent for the space, across six floors in New Central Harbourfront, will be HK$137 (US$17.45) per square foot per month, or HK$30.6 million per month, excluding fees. The transaction, which makes the quant trading firm the anchor tenant of...

Society

16 h. ago Jane Street to pay US$3.9m a month in record Hong Kong office lease

Henderson Land Development, one of Hong Kong’s largest developers, has leased a 223,437 sq ft space in its prized mixed-use project in Central to Jane Street Asia in one of the largest leasing transactions in the city’s main business district in decades. The rent for the space, across six floors in New Central Harbourfront, will be HK$137 (US$17.45) per square foot per month, or HK$30.6 million per month, excluding fees. The transaction, which makes the quant trading firm the anchor tenant of...

Economics

17 h. ago How China is driving a surge in shipping along Arctic sea routes

Chinese companies are showing growing interest in shipping goods to the West via the Northern Sea Route – an icy Arctic passage that opens up each summer – according to Rosatom, the Russian company that operates infrastructure along the route. The firm anticipates a significant uptick in voyages by Chinese companies along the NSR during the coming summer-autumn shipping season, and is adding more nuclear-powered icebreakers to its fleet to handle the growing traffic flow. Cargo traffic on the...

Politics

22 h. ago China steps up global aviation expansion as Comac bids for Laos carrier

The Commercial Aircraft Corporation of China (Comac) has reportedly bid to take a majority stake in the flag carrier of Laos, as the state-owned Chinese aviation firm continues its push to expand its market in Southeast Asia. The deal – which is pending approval by the Lao authorities – would see Comac help Lao Airlines overhaul its operations and stem its losses in exchange for the carrier agreeing to use the Chinese company’s passenger jets, Vientiane Times quoted Prime Minister Sonexay...

Politics

24 h. ago Veteran lawyer Moses Cheng picked to steer Hong Kong’s maritime hub push

Top government adviser and veteran lawyer Moses Cheng Mo-chi has been appointed to steer a high-level body established to develop Hong Kong’s status as an international maritime hub. Cheng’s appointment as the board chairman of the Hong Kong Maritime and Port Development Board (HKMPDB) was announced on Friday. The 74-year-old is a senior consultant at a law firm and a member of the Executive Council, the city’s top decision-making body. Discussing the selection, Secretary for Transport and...

Politics

32 h. ago Trump’s fundamental mistake is in seeing China as America’s problem

Amid a US-China trade truce, negotiators in London reached a “framework” agreement to activate the Geneva deal, raising hopes for an immediate alleviation of the trade conflict, including potentially a US commitment to revoke some of its tech embargoes in return for China’s relaxation of rare earth export restrictions. The full details of the London agreement are expected to be available after both US President Donald Trump and President Xi Jinping have approved it. The two-day London...

Politics

32 h. ago Opinion | Trump’s fundamental mistake is in seeing China as America’s problem

Opinion | Trump’s fundamental mistake is in seeing China as America’s problem  South China Morning Post

Politics

43 h. ago ByteDance helps jewellery firm Lao Feng Xiang push AI glasses to China’s elderly

Social media giant ByteDance is helping the 177-year-old Chinese jewellery company Lao Feng Xiang develop a new generation of smart glasses, powered by artificial intelligence (AI), that feature real-time voice navigation and translation functions. Lao Feng Xiang debuted their initial line of wearable gadgets at Wednesday’s opening of the International Exhibition of Senior Care, Rehabilitation Medicine and Healthcare, the world’s biggest senior care expo, that is being held in the company’s home...

Politics

43 h. ago Hong Kong passes bill to launch electronic driving licences in September

Hong Kong will introduce electronic driving licences in mid-September following the passage of a bill by the legislature, but lawmakers have questioned the need to spend HK$12.5 million (US$1.59 million) to fund a related mobile application. Some legislators also urged authorities to take a flexible approach to enforcement, especially in cases in which drivers had trouble displaying their documents on smartphones, thereby giving them time to adapt to the new system. The legislative amendment,...

Politics

45 h. 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

45 h. ago Ant International and Ant Digital to seek stablecoin licences in Hong Kong

Singapore-based Ant International and the Hangzhou-based Ant Digital, two affiliates of Chinese tech giant Ant Group, have announced plans to apply for stablecoin issuer licences in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies takes 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, a spin-off of Ant’s global operations, said in a statement on...

Politics

52 h. ago Japan weighs tightening rules on visa popular among Chinese nationals

Japan is considering increasing the minimum investment threshold for its business manager visa in a bid to make it harder for foreigners to obtain residence status and launch commercial operations in the country, as the scheme becomes increasingly popular with Chinese nationals. The visa, which offers relatively accessible entry for foreign entrepreneurs, permits stays of up to five years for those who either invest 5 million yen (US$34,711) or hire two full-time employees while maintaining an...

Politics

53 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

53 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

54 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

60 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

67 h. ago China ‘respects Panama Canal neutrality’ amid warning over CK Hutchison deal

China’s foreign ministry has said it respects Panama’s sovereignty and recognises its canal as a neutral international waterway, after the head of the strategic channel warned that the CK Hutchison ports deal could jeopardise its impartiality. Panama Canal Authority administrator Ricaurte Vasquez said in an interview published on Tuesday that CK Hutchison Holdings’ US$23 billion deal to sell its overseas ports to a consortium led by US investment giant BlackRock and shipping firm MSC could...

Events

2 d. ago BRIEF: Jinmao secures three investors to fund Beijing land purchase

BRIEF: Jinmao secures three investors to fund Beijing land purchase  Bamboo Works

Economics

2 d. ago How Indonesian fintech firm is bridging funding gaps for women entrepreneurs

Across Indonesia’s vast archipelago, millions of women running small businesses in rural areas remain locked out of traditional banking – a gap increasingly filled by fintech firms offering microloans as economic pressures mount. One of the most prominent players in this space is Amartha, a Jakarta-based lending platform that connects borrowers in remote communities with financial institutions. Founded in 2010, it now counts about 3 million active borrowers – 99 per cent of them women operating...

Economics