16 m. ago Asia stocks rise as investors digest China inflation data, await Beijing

Asia stocks rise as investors digest China inflation data, await Beijing-Washington trade talks  CNBC

Economics

92 m. 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

1 hour ago US stock futures inch lower with China trade talks, inflation data in focus

US stock futures inch lower with China trade talks, inflation data in focus  Investing.com

Politics

2 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

9 h. ago Beijing academy introduces ‘RoboBrain’ AI model to power humanoid robots in China

Beijing academy introduces ‘RoboBrain’ AI model to power humanoid robots in China  Tech Edition

Politics

12 h. ago Unpaid jets, unfinished planes: China’s 50% discounted fighter plane sale to Pakistan; citizens ask who i

Unpaid jets, unfinished planes: China’s 50% discounted fighter plane sale to Pakistan; citizens ask who i  Times of India

Politics

12 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

13 h. ago Thanks to Trump, US threat of a ‘peaceful evolution’ recedes for China

As someone born in the 1960s in China, one of the earliest lessons our generation learned in school was to be vigilant about the perceived dangers of American conspiracies and attempts aimed at subverting and overthrowing the Communist Party through peaceful means. Through classroom teachings, propaganda films and slogans plastered prominently along the streets, we were repeatedly exposed to Chairman Mao Zedong’s warnings about the threat of “peaceful evolution”, encapsulated in his assertion...

Politics

14 h. ago ‘It’s too much’: Chinese students reconsider UK degrees as policies harden

After she graduated last summer, Aroma Wu quickly realised that if she wanted a career in China’s tech industry, she would need to go back to school: her bachelor’s degree simply was not enough. “I saw how competitive it was – most people had a master’s,” the 24-year-old said. To boost her credentials, Wu decided to apply for a graduate programme in the United Kingdom, and she soon received an offer. But within weeks, she was growing worried by news coming out of Britain – and starting to...

Events

16 h. ago Tech hub Shenzhen launches plan to support consumption, exporters amid trade war

China’s top export city and tech hub, Shenzhen, is stepping up efforts to boost domestic consumption and support exporters amid a turbulent trade war between Beijing and Washington. “Consumption is the fundamental driving force behind economic growth and development,” according to a 39-point plan released by the Shenzhen Municipal Development and Reform Commission on Friday. Shenzhen will leverage its strategic strengths in four key categories: artificial intelligence (AI) terminals, smart home...

Events

17 h. ago NYT: China, "the enemy," targets Russian tech, territory, and scientists, leaked FSB file shows

NYT: China, "the enemy," targets Russian tech, territory, and scientists, leaked FSB file shows  Euromaidan Press

Events

19 h. ago Pakistan’s animal army marches to markets for haggling at annual festival

Once a year, Pakistanis mobilise for an operation that is akin to a major battle taking place in terms of scale and blood being spilled. Much is at stake – at least financially – as veritable four-legged armies numbering hundreds of thousands march on Pakistan’s population centres from farmsteads around the country. For the livestock farmers leading the sieges, the deals cut at pop-up markets for sacrificial bulls, goats and sheep – along with the occasional camel – on the Muslim festival of Eid...

Politics

20 h. ago China signals readiness on rare earth talks, approves more exports

China has approved some qualified rare earth export applications and is ready to deepen dialogue with nations over export controls, the Ministry of Commerce said as the strategic resource continued to take centre stage in Beijing’s trade negotiations with the United States. “We’ve observed growing global demand for medium and heavy rare earths in civilian sectors such as robotics and new energy vehicles, as these industries continue to expand,” the ministry said in a statement posted on its...

Politics

23 h. ago EU biodiesel tariffs offer Hong Kong a chance to boost adoption of green fuel

The European Union’s (EU) tariffs on biodiesel and renewable diesel from China present Hong Kong with an opportunity to promote the use of low-carbon fuels, according to a business group, which called for more measures to support its adoption. A dearth of financial incentives and infrastructure has also resulted in limited use by the public and private sector to meet climate goals, according to the Business Environment Council (BEC). “The EU’s anti-dumping tariffs have forced Chinese producers...

Events

24 h. ago China puts down strong grass roots in first steps to football superpower status

Ten years have passed since President Xi Jinping, who is reported to be a fan of the game, unveiled a plan to make China a “world football superpower” by 2050. Since then, the men’s national team has been overshadowed by its consistently excellent women’s counterpart, while falling in the world rankings from 2016’s 81st place to 94th in April. The scandal-stricken football sector has also become a focus of Xi’s anti-corruption campaign in recent years. Yet China has not missed all its...

Politics

25 h. ago The kids are alright: Hong Kong AI scientist offers a vision for ‘parenting’ AI

For years, the story of artificial intelligence (AI) has been cast as a high-stakes contest between the US and China – a technological arms race with global consequences. But to De Kai, a pioneering machine learning scientist and advocate for AI ethics, this framing fundamentally misunderstands the technology. “I would prefer to think about it as the AI climate change challenge,” De Kai said in an interview with the Post at the Hong Kong University of Science and Technology, where he is a...

Politics

28 h. ago Officials race to comply with Xi’s austerity rules as inspectors come knocking

As Elon Musk’s so-called Department of Government Efficiency was shaking up federal agencies in America with deep spending cuts, bureaucrats in China were also feeling the heat. Since mid-March, thousands of Chinese officials have been scrambling to comply with President Xi Jinping’s austerity orders – making sure their offices are modest, their meal receipts are in order and returning any lavish gifts – as inspectors carry out checks. The campaign has been running since 2012 and takes aim at...

Politics

28 h. ago Xi ‘holds the cards’ after Trump ‘shot before he aimed’ with tariffs: National security expert

Xi ‘holds the cards’ after Trump ‘shot before he aimed’ with tariffs: National security expert  MSNBC News

Politics

34 h. ago Hong Kong staff of King Parrot Group to seek help from authorities after closures

Staff affected by the sudden closure of nine eateries operated by King Parrot Group, a 33-year-old restaurant chain in Hong Kong, will go to the Labour Department on Monday to file claims for unpaid wages and other entitlements amounting to more than HK$1 million (US$127,440), a union has said. Labour sector lawmaker Aron Kwok Wai-keung said on Sunday that business owners facing hardship should plan ahead if they were at risk of closure to ensure employees received their wages, while also...

Politics

41 h. ago Chinese AR glasses maker Rokid is going global with Alibaba partnership

Rokid, a Chinese maker of augmented reality (AR) glasses, is set to launch its latest AR Spatial eyewear globally through Alibaba Group Holding’s AliExpress e-commerce platform, as the company pushes into overseas markets amid rising competition in the industry. The Hangzhou-based company will debut the glasses overseas on June 16 during the AliExpress 618 summer sale period this month, leveraging the e-commerce giant’s “BigSave” programme to offer a nearly US$100 discount, bringing the cost...

Politics