1 hour ago Nasdaq wants Chinese companies to pay $25 million per U.S. IPO

Nasdaq wants Chinese companies to pay $25 million per U.S. IPO  CNBC

Economics

2 h. ago China family left let down after spending US$140,000 on lavish panda

The experience of a Chinese family who spent an extravagant 960,000 yuan (US$140,000) on a luxury “Panda Express” train tour has shocked many people online. The lavish purchase has sparked a lively discussion because of claims that the experience promised in promotional materials fell far short of the reality. On August 25, a Chinese netizen posted a video revealing that their family, from Jilin province in northeastern China, embarked on a 17-day “Panda Express Tour” in July. The 26-member...

Economics

2 h. ago China family feel let down after spending US$140,000 on lavish panda

The experience of a Chinese family who spent an extravagant 960,000 yuan (US$140,000) on a luxury “Panda Express” train tour has shocked many people online. The lavish purchase has sparked a lively discussion because of claims that the experience promised in promotional materials fell far short of the reality. On August 25, a Chinese netizen posted a video revealing that their family, from Jilin province in northeastern China, embarked on a 17-day “Panda Express Tour” in July. The 26-member...

Economics

2 h. ago 8 visitors arrested in Hong Kong for providing illegal photo, make

Hong Kong immigration authorities have arrested eight mainland Chinese visitors for allegedly providing illegal make-up and photography services at popular tourist attractions. The Immigration Department on Thursday said enforcement officers arrested one man and seven women, aged between 19 and 39, in the last two weeks. Four of them worked illegally as photographers and four as make-up artists. According to Deputy Commander Chun Yuk-tung, another two local women, aged 20 and 27, who partnered...

Events

4 h. ago Chinese hold nuanced views of US rivalry and Russia, North Korea friendships

Americans tend to believe that China wants to create a new world order to knock the United States off its perch, but the results of a survey released this week suggest Chinese people are far more nuanced and flexible in this view, providing avenues to reduce US-China tension, experts said on Wednesday. The survey of ordinary Chinese, by the Chicago Council on Global Affairs and The Carter Centre, depicts a public that is optimistic about their nation’s future, economy, military and culture. They...

Politics

4 h. ago What do ordinary Chinese think of US rivalry and Russian, North Korean allies?

Americans tend to believe that China wants to create a new world order to knock the United States off its perch, but the results of a survey released this week suggest Chinese people are far more nuanced and flexible in this view, providing avenues to reduce US-China tension, experts said on Wednesday. The survey of ordinary Chinese, by the Chicago Council on Global Affairs and The Carter Centre, depicts a public that is optimistic about their nation’s future, economy, military and culture. They...

Politics

4 h. ago ‘Unrestrained’ Chinese Cyberattack May Have Stolen Data From Almost Every American

‘Unrestrained’ Chinese Cyberattack May Have Stolen Data From Almost Every American  The New York Times

Events

5 h. ago Trump’s sons’ American Bitcoin stake worth US$1.5 billion in stock debut

A bitcoin company tied to US President Donald Trump’s two oldest sons more than doubled in value in its stock market debut on Wednesday, valuing the sons’ stake at well over US$1.5 billion as the first family grows their crypto business interests. Shares in American Bitcoin, a bitcoin miner, soared as high as US$14.52 on its first day of trade on the Nasdaq, before pulling back to be up 16.5 per cent at US$8.04 by the end of the day. The company was around 20 per cent owned by Eric Trump and...

Politics

5 h. ago Son of British POW urges Japan to be less ‘touchy’ about WWII criticisms

The son of a British soldier who endured three years as a prisoner of war has expressed deep disappointment that senior Japanese politicians ignored invitations to a commemorative event on Tuesday to mark 80 years since Tokyo’s formal surrender in the second world war and the liberation of thousands of Allied prisoners of war. Terry Smyth, a fellow in the history department at the University of Essex, said it would have been particularly appropriate if Yoshimasa Hayashi, the chief cabinet...

Events

6 h. ago Hong Kong stocks drop for third day as Chinese equities lose glow

Hong Kong stocks drop for third day as Chinese equities lose glow  South China Morning Post

Politics

6 h. ago China starts aviation training for Southeast Asia amid C919, home

China is training representatives from Southeast Asia this month in an effort to promote its home-grown civilian aircraft, as the region leads the world in accepting Chinese deliveries despite Airbus and Boeing’s dominance. Twenty participants from Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam are taking part in the 2025 China-Asean Civil Aviation Management Capacity Enhancement Workshop in Beijing, which started Monday. Organised by the Civil Aviation...

Politics

7 h. ago Masterful take by Hong Kong film The Last Dance on taboos surrounding death rituals

The Last Dance, a Hong Kong movie directed and written by local director Anselm Chan, took the city’s box office by storm after its theatrical release in November last year. The film shattered several domestic box office records, including the biggest single-day takings for a Hong Kong and Chinese-language film. It remains the highest-grossing locally produced movie in Hong Kong. The film also received 18 nominations and clinched five awards at the 43rd Hong Kong Film Awards in April. The...

Events

7 h. ago Top China tour sites assign staff to limit photo time, triggering mixed reactions

A famous tourist site in eastern China has introduced a time limit for photo-taking, captivating social media, and addressing a common complaint among visitors about long queues for pictures at key attractions. The Huangling Scenery Zone in Wuyuan County, Jiangxi province, implemented this rule in August. Workers now hold a timer near a major attraction, allowing each tourist one minute for photography, as reported by state media CCTV. This location has become an “online-celebrity spot,”...

Politics

8 h. ago Local Chinese government stimulus pushes big spenders to dig in while dining out

A local government in China’s provincial economic powerhouse of Zhejiang has announced plans to subsidise the restaurant meals of high-value consumers, in a move that is intended to stimulate consumption but could raise questions about whether it runs contrary to the central government’s austerity drive. Shaoxing – a city known for its textile industry and a prized variety of cooking wine – will offer subsidies of up to 5,000 yuan (US$700) to banquet holders if they host five or more tables and...

Politics

10 h. ago How an SCO development bank could shift the global financial order

At the 25th Shanghai Cooperation Organisation summit in Tianjin this week, Chinese President Xi Jinping urged member states to accelerate the creation of an SCO development bank, a proposal that could mark a turning point in Asia’s financial landscape. While headlines focused on the high-profile presence of Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, Xi’s proposal points to the SCO’s evolution from a security bloc into a financial actor. Xi also pledged US$1.4...

Economics

11 h. ago Famed streetcar in Portugal’s capital Lisbon derails and crashes, killing 15

A picturesque electric streetcar that is one of Lisbon’s big tourist attractions derailed and crashed on Wednesday, killing 15 people and injuring 18 others, emergency services said. Five of the injured were in serious condition and a child was among the injured, Portugal’s National Institute for Medical Emergencies said in a statement, adding that an unknown number of foreigners were among the injured. Authorities called it an accident, the worst in the city’s recent history, and it cast a pall...

Events

11 h. ago US sanctions China’s Guangzhou Tengyue Chemical for alleged fentanyl trafficking

The United States on Wednesday sanctioned a Chinese chemical company that it alleges is manufacturing and coordinating shipments of illicit opioids, such as fentanyl, and chemical agents into the country. The move comes amid recent stepped-up moves in Washington to target China on the fentanyl issue despite stabilising bilateral ties. A Treasury Department statement said sanctions have been placed on Guangzhou Tengyue Chemical, based in China’s southern Guangdong province, and two of the...

Politics

12 h. ago Western leaders parse China military parade displaying authoritarian strength

US and European leaders reacted with veneration, concern and stiffened resolve on Wednesday to China’s epic military parade marking the 80th anniversary of the end of World War II. Over 25 foreign leaders – including Russian President Vladimir Putin and North Korean leader Kim Jong-un – joined Chinese President Xi Jinping at the showcase event marked by intimidating weaponry and choreographed troop manoeuvres. “I thought it was very, very impressive, but I understood the reason they were doing...

Events

12 h. ago Western leaders parse China military parade displaying national pride

US and European leaders reacted with veneration, concern and stiffened resolve on Wednesday to China’s epic military parade marking the 80th anniversary of the end of World War II. Over 25 foreign leaders – including Russian President Vladimir Putin and North Korean leader Kim Jong-un – joined Chinese President Xi Jinping at the showcase event marked by intimidating weaponry and choreographed troop manoeuvres. “I thought it was very, very impressive, but I understood the reason they were doing...

Events

13 h. ago Washington should lower temperature on Taiwan invasion threat, US report says

As the US Congress works to finish its annual defence authorisation bill, with new measures aimed at countering China’s influence, a report released Wednesday argues that Washington would be better served by toning down rhetoric about Taiwan and reducing defence investments premised on a looming Chinese invasion there. Beijing is “highly unlikely” to invade Taiwan, with its chances of success increasingly improbable, authors of the Stimson Centre report, “Rethinking the Threat: Why China is...

Events