2 h. ago HKEX vets 300 listing applications after city ascends as world’s top IPO market

Bourse operator Hong Kong Exchanges and Clearing (HKEX), which topped this year’s global rankings as the largest initial public offering (IPO) market, said the city continued to see strong momentum, as it vets hundreds of new listing applications. Bonnie Chan Yiting, CEO of HKEX, on Wednesday said at an event in Shanghai that Hong Kong has more than 300 companies in the listing pipeline, which would ensure another strong quarter for fundraising in the city. “International investors have been...

Economics

2 h. ago China’s SOEs breathe life into Xi Jinping’s ‘city of the future’ Xiongan

Xiongan, China’s “city of the future” – a project years in the making, championed by President Xi Jinping – is slowly coming to life, as major state-owned enterprises (SOEs) begin relocating to the new metropolis in Hebei province. Sinochem Holdings and China Huaneng Group are among the latest to officially relocate their headquarters to Xiongan this month, each bringing about 1,000 employees, according to local authorities. They join other SOEs like Beijing-Tianjin-Hebei Railway Company, which...

Politics

3 h. ago Singapore cyber summit stresses need for unified front amid rising threats

Experts and officials at a major cybersecurity summit in Singapore have called for deeper collaboration between governments and tech giants, warning that fragmented efforts are no match for increasingly sophisticated digital threats. Speaking at the Singapore International Cyber Week, policymakers and industry leaders said closer partnerships were essential to sharing threat intelligence, innovating jointly and mounting coordinated responses to cyberattacks. These partnerships were crucial as...

Politics

5 h. ago Belarusian model reportedly killed in Myanmar went there on her own: Thai police

Thai immigration officials have denied claims that a Belarusian model was abducted while in Bangkok and forcibly taken to Myanmar, where tabloids claim she was reportedly killed by a criminal gang. The unconfirmed death of 26-year-old Vera Kravtsova has gained international attention in recent days after Russian and British tabloids reported that, following her arrival in Thailand, she was kidnapped and brought to northern Myanmar, where she was tortured and had her organs harvested while being...

Events

6 h. ago China toy platform refund policy requires parents slap child for unapproved spending

A major Chinese second-hand platform has sparked online controversy after allegedly requiring a mother to submit an uninterrupted five-minute video of herself slapping her child as a condition for processing a refund. The case drew public attention when Li Yun, the mother of an unidentified 11-year-old girl, tried to get a refund after discovering that her daughter had secretly spent over 500 yuan (US$70) on trading cards on the Qiandao app. Qiandao is widely regarded as China’s leading platform...

Society

7 h. ago 37,000 workers imported into Hong Kong since start of labour scheme in 2023

Hong Kong has imported more than 37,000 workers since the government’s introduction of a labour scheme two years ago, while a construction union has announced a wage freeze for most of the major trades in the industry. The Labour and Welfare Bureau on Wednesday revealed that it had received applications to import more than 62,000 workers in the catering and hospitality industries since the Enhanced Supplementary Labour Scheme was launched in 2023. Between September 4, 2023, and September 30 this...

Politics

7 h. ago China calls itself a responsible AI force, as most in US think otherwise

China has positioned itself as a responsible major collaborative force in AI development and governance, contrasting with a recently released survey finding that most Americans view US leadership in the field as crucial. Beijing arrived at its assessment this week as China hosted a workshop on AI capacity building, the third of its kind in two years. The week-long event in Shanghai attracted participants from more than 20 countries. Details of the discussions were not disclosed. “Artificial...

Politics

8 h. ago Can the Philippines regain its tourism edge with revival of China e

The Philippines will revive its electronic visa programme for Chinese tourists next month, nearly two years after its abrupt suspension, as part of a broader push to boost lagging visitor arrivals and regain lost ground in the regional tourism race. The Philippine embassy in Beijing confirmed in a statement issued on October 15 that Chinese citizens – including those from Hong Kong and Macau – would again be able to apply for short-stay e-visas online for up to 14 days of travel for tourism or...

Politics

8 h. ago Hermès makes Q3 progress in China, US; says leather goods and RTW are strong

Hermès makes Q3 progress in China, US; says leather goods and RTW are strong  FashionNetwork USA

Politics

8 h. ago US safety agency investigators to assist Hong Kong with fatal plane crash probe

A United States’ transport safety agency is deploying five investigators to Hong Kong to assist with the city’s probe into the cargo plane crash that killed two security workers, while the four aircrew involved have met with local authorities. The National Transportation Safety Board (NTSB), an independent US government agency responsible for investigating civil transport accidents, said on social media that it would send its team to Hong Kong to assist with the probe into the plane crash. “The...

Events

8 h. ago US investigators, Turkish experts to help Hong Kong with fatal plane crash probe

A US transport safety agency is sending five investigators to Hong Kong to help with a local probe into a cargo plane crash that killed two security workers, while experts from the Turkish civil aviation authority will also provide assistance. The National Transportation Safety Board (NTSB), an independent US government agency responsible for investigating civil transport accidents, said on social media on Wednesday that it would send five people to the city. “The NTSB is sending a team of five...

Events

8 h. ago Russia launches deadly barrage on Ukraine after Putin–Trump summit shelved

Russia launched multiple drone and missile strikes on Ukraine as the latest peace attempts by US President Donald Trump appeared to be floundering. The attack killed at least six civilians, including two children, with more than a dozen injured across the country in the early hours of Wednesday, Ukraine’s President Volodymyr Zelensky said in a post on X. Zelensky said that 10 regions came under attack, including Kyiv, Odesa and Dnipro, adding that while the attack primarily targeted energy...

Politics

12 h. ago China’s Innovent Strikes Cancer Drug Deal With Takeda for Up to $11.4 Billion

China’s Innovent Strikes Cancer Drug Deal With Takeda for Up to $11.4 Billion  The Wall Street Journal

Economics

12 h. ago What’s behind the calls for Mindanao to secede from the Philippines?

Calls for Mindanao’s secession from the Philippines have erupted anew after a sitting lawmaker released a viral video echoing rhetoric once championed by former president Rodrigo Duterte, in a move analysts warn risks inflaming tensions and destabilising an already volatile political landscape. Observers say the renewed push, amplified by the ex-president’s allies and a network of online influencers, appears aimed at deflecting attention from corruption scandals and an ongoing International...

Politics

14 h. ago Nexperia crisis: how geopolitics disrupts a global chip supply chain

The ongoing dispute between China and the Netherlands over chipmaker Nexperia has highlighted how geopolitical tensions can disrupt an otherwise smooth global supply chain, according to analysts. Based in Nijmegen, Netherlands, Nexperia exemplifies a typical multinational company with front-end fabrication plants in Hamburg, Germany, and Manchester, UK, as well as back-end assembly facilities across Asia, including Dongguan, China; Laguna, the Philippines; and Negeri Sembilan, Malaysia. The...

Politics

16 h. ago Why South Korea’s Gen Z are falling prey to the scam gangs of Southeast Asia

A growing number of young South Koreans are vanishing into Southeast Asia’s criminal underworld, lured by the promise of high-paying jobs – only to end up trafficked, tortured or killed. Many, fleeing a stagnant labour market at home, are being deceived by transnational crime syndicates into running online scams and illegal gambling operations. Others join willingly in search of easy money. But all eventually find themselves exploited, victims of criminal enterprises that span the lawless border...

Events

29 h. ago Families of Hong Kong pair killed in plane crash get no word from Emirates

The bereaved families of the two airport staff killed when an Emirates cargo flight veered off a runway have said they have not received any condolence messages from the airline, and are demanding a comprehensive investigation into the accident as soon as possible. A dozen relatives of security patrol vehicle driver Vincent Ho Kwok-cheung, 41, and his colleague, 30-year-old Chan Chun-yin, visited Kwai Chung Public Mortuary on Tuesday morning and were visibly shaken after identifying the...

Events

30 h. ago Hong Kong plane crash ‘could lead to manslaughter case if negligence found’

Hong Kong authorities could resort to manslaughter charges, which carry a penalty of life imprisonment, if a cargo plane crash that killed two airport staff members is found to have resulted from gross negligence, legal experts have said. Flight EK9788 veered off a runway during landing at Hong Kong airport on Monday morning and ploughed into the waters, knocking a security patrol vehicle into the sea and killing two people inside. All four crew members of the Emirates flight, which was operated...

Events

30 h. ago Plane crash in Hong Kong ‘could lead to manslaughter case if negligence found’

Hong Kong authorities could resort to manslaughter charges, which carry a penalty of life imprisonment, if a cargo plane crash that killed two airport staff members is found to have resulted from gross negligence, legal experts have said. Flight EK9788 veered off a runway during landing at Hong Kong airport on Monday morning and ploughed into the waters, knocking a security patrol vehicle into the sea and killing two people inside. All four crew members of the Emirates flight, which was operated...

Events

30 h. ago Will corruption backlash against Marcos reshape Philippine politics?

Public anger over corruption has boiled over in the Philippines, sending President Ferdinand Marcos Jnr’s approval ratings tumbling and potentially tilting the balance of power with his political rivals. The latest survey by Pulse Asia Research shows that Filipinos are increasingly blaming the government’s recent corruption scandals – from flood control “ghost projects” to lavish spending by politically connected contractors – for their daily struggles, such as inflation and inadequate...

Politics