10 h. ago Can J.D. Vance’s visit to Israel cement Gaza’s fragile ceasefire?

US Vice-President J.D. Vance arrived in Israel on Tuesday to shore up the fragile US-brokered ceasefire in Gaza that has teetered over the past few days following a burst of deadly violence and questions over how to move forward with the plan for cementing a long-term peace. Also on Tuesday, Israel said it has identified the body of a hostage that was released by Palestinian militants overnight, while the chief Hamas negotiator said the group remains determined to implement the ceasefire...

Politics

14 h. ago Hong Kong retains top spot in finance, logistics and tourism in Greater Bay Area

Hong Kong has retained its leading position in three out of six major industries within the Greater Bay Area, according to an index comparing the relative advantages of 11 cities across the southern Chinese region. Shenzhen held onto its top spot in innovation and technology as well as manufacturing, while Guangzhou remained the leader in real estate. The Greater Bay Area Industry Development Index, compiled by Our Hong Kong Foundation and Dah Sing Bank, surveyed 3,400 companies across 11 cities...

Politics

15 h. ago Major foreign banks raise China’s GDP forecast, annual target seen as ‘on track’

Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,...

Events

15 h. ago Overseas banks raise China GDP forecasts, say Beijing ‘on track’ for 2025 target

Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds. Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”. The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,...

Events

16 h. ago Hong Kong airport’s north runway reopens after cargo plane crash kills 2

Hong Kong airport’s north runway has reopened but will remain on standby to support week-long efforts to salvage a crashed cargo plane that veered off its path and killed two security workers when it struck their vehicle. Monday’s incident was the fourth in 15 years to involve Turkish company ACT Airlines, which was operating the cargo flight for Emirates, with more than 30 people killed in a previous accident in 2017. An aviation expert said on Tuesday that it was not uncommon for an airline...

Events

20 h. ago Severe Tropical Storm Fengshen gradually moves away after skirting Hong Kong

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Severe Tropical Storm Fengshen has skirted Hong Kong and will gradually move away from the city on Tuesday, according to the weather forecaster. The Hong Kong Observatory also said that the No 3 typhoon signal currently in effect would remain in force at least until 6pm, with the chance of issuing a higher signal being “relatively low” unless Fengshen, which...

Events

23 h. ago China remains global leader in shipbuilding across three key metrics in Q1

China remains global leader in shipbuilding across three key metrics in Q1-Q3 of 2025  DredgeWire

Politics

24 h. ago CK Hutchison gets encouraging signs of a deal with Panama government

A senior Panamanian official said on Monday that Panama will remain flexible and potentially reach an agreement with CK Hutchison as the Latin American country navigates the geopolitical rivalry between the United States and China. “We are working on a plan in case that [Panama’s Supreme Court] ruling goes against the extension of the contract” for CK Hutchison, said Jose Ramon Icaza, Panama’s minister of canal affairs. “In that case, we have to step in as the Panama Maritime Authority to take...

Politics

32 h. ago China’s rare earth magnet exports to US plunge 29% as tensions simmer

The decline in China’s exports of rare earth magnets to the United States accelerated in September – a period predating Beijing’s expansion of controls over the flow of the critical minerals – an indication the prized items remain a major battleground in the ongoing trade war between the world’s two largest economies. China’s total exports to the US of the permanent magnets – essential components in manufacturing for several hi-tech industries, including electric vehicles and defence – reached...

Events

34 h. ago China’s soybean imports surge as orders to US hit zero and American farmers fret

China imported no soybeans from the United States in September, but total imports remained at high levels amid a recent escalation in the US-China trade war, the latest Chinese customs data showed. Last month, the world’s largest food buyer purchased 12.8 million tonnes of soybeans – a crop heavily reliant on imports for its livestock industry – with a notable surge from Argentina during a brief suspension of export taxes, according to the detailed customs data released on Monday. The absence of...

Events

34 h. ago ‘Act of defiance’: China’s crude oil imports from Russia rise despite US pressure

Russia remained China’s top crude oil supplier in September, at a time when the United States is stepping up pressure on major economies to curb their reliance on energy from the Eurasian country. Imports from Russia rose 4.3 per cent in volume from August to 8.29 million tonnes in September, accounting for 17.5 per cent of China’s total crude imports, customs data showed – a sign of Beijing’s willingness to maintain trade links with Moscow despite geopolitical frictions. Chinese purchases of US...

Events

37 h. ago Hong Kong’s social work, construction sectors hit as jobless rate rises to 3.9%

Hong Kong’s jobless rate rose to 3.9 per cent between July and September, with higher unemployment in social work and construction, authorities said. Preliminary data released by the Census and Statistics Department on Monday showed the unemployment rate rose by 0.2 percentage points over the preceding three-month period. This marks the highest rate since the three-month period between July and September 2022, when it was 4 per cent. Unemployment in the food and beverage sector remained...

Society

37 h. ago Mainland Chinese buyers fuel 25% of Hong Kong home sales last quarter: Centaline

Mainland Chinese homebuyers remain a strong driving force in Hong Kong’s residential property market, spending HK$38 billion (US$4.9 billion) to account for 25 per cent of the city’s total home transactions in the third quarter, according to Centaline Property Agency. Buyers with names in pinyin – the mainland’s system of romanisation of Chinese script – registered 3,797 deals between July and September, up 7 per cent from the previous quarter, Centaline said in a report on Monday. It noted that...

Economics

41 h. ago Fengshen: Hong Kong T3 signal in force until Tuesday as some classes suspended

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Classes at kindergartens and some special schools in Hong Kong will be suspended on Tuesday, with the No 3 typhoon signal remaining in force until at least 6pm. The Hong Kong Observatory said on Monday that while Severe Tropical Storm Fengshen, a Chinese name meaning “the god of wind”, was edging closer to the Guangdong coast, the need for a higher typhoon...

Politics

44 h. ago End Russian oil imports or ‘massive’ tariffs will remain, Trump warns India

US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India would stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so. “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing,” Trump told reporters aboard Air Force One. Asked about India’s assertion that it was not aware of any conversation between Modi and Trump, Trump replied: “But if they...

Events

48 h. ago Treasury opposed forced sale of China’s stake in UK chipmaker

Treasury opposed forced sale of China’s stake in UK chipmaker  The Times

Politics

61 h. ago Boy, 16, arrested in Hong Kong for allegedly tampering with MTR train doors

A 16-year-old boy has been arrested on suspicion of criminal damage after he allegedly used his hand to prevent an MTR train door from closing at Wan Chai station, police have said. The force said on Sunday it had received a report from an MTR staff member at 3.20pm the day before and arrested the teenager, of non-Chinese descent, in Hung Hom after a review of surveillance camera footage. The boy remains in custody for investigation. Police warned that criminal damage could lead to a 10-year...

Events

62 h. ago Businesses in Hong Kong’s Central count costs after Chinachem Tower fire

Small businesses around the Chinachem Tower in Hong Kong’s Central were dealt a blow after the building was engulfed in flames, with some stores remaining shut on Sunday morning as the investigation into the cause of the fire entered its second day. Some shop operators described the fire as a rarity in the central business district and a source of concern. Saturday’s blaze took more than four hours to snuff out and enveloped the entire building, which was undergoing renovations. A government...

Economics

63 h. ago China, India and Brazil set to steer global climate change agenda at Cop30

As the West falters in its commitment to fighting climate change, analysts expect emerging economies led by China, India and Brazil to seize the initiative at next month’s UN climate summit. The Cop30 conference, from November 10 to 21 in the Brazilian city of Belem, comes as the United States under Donald Trump remains largely disengaged from climate challenges following his successive orders to withdraw the world’s largest economy from the 2015 Paris Agreement, while Europe’s attention appears...

Politics

69 h. ago Is it time for property investors to end their love affair with Japan?

As Japan enters a new era with the likely election of Sanae Takaichi as the first female prime minister of Asia’s second-largest economy, is it time for property investors to end their enduring love affair with Japanese real estate? The 64-year-old Takaichi emerged last week as the leader of Japan’s ruling Liberal Democratic Party, paving the way for her to seek the premiership, although uncertainties remain following the collapse of a coalition with the party’s allies. Under an anticipated...

Society