A wave of bullishness is sweeping through Hong Kong’s real estate market. A report by S&P Global Ratings on May 5 said an “upside surprise” could materialise. One of the catalysts for a stronger-than-expected recovery was evidence of more competitive bids at residential land auctions in recent months. S&P said, “Hong Kong has become the…
Official says US president will likely ‘apply pressure’ on China over Beijing’s purchase of Iranian oil amid war. Published On 10 May 202610 May 2026 United States Donald Trump is set to arrive in Beijing on Wednesday evening to discuss the Iran war and other issues with his Chinese counterpart President Xi Jinping. White House…
BEIJING (AP) — China’s top diplomat said Thursday that ties with the U.S. have been in general stable despite “many twists and disruptions,” and called on both countries to find a way to contribute to global peace, a week before President Donald Trump is expected to visit. During a meeting with members of a U.S….
Fewer than 5 per cent of Hong Kong flights have been cancelled for May and June combined, and about 1 per cent during the peak July travel period, the Airport Authority has said, despite a global fuel crisis triggered by the Middle East war, adding it would review charges to ease the industry’s burden. Responding…
Hong Kong should develop its shipping insurance and management capabilities, among other areas, to strengthen its status as a global maritime hub amid intensifying geopolitical tensions, former city leader Leung Chun-ying has said. Leung, in his capacity as co-founder and honorary adviser to the Hong Kong Chamber of Shipping, said in a wide-ranging interview last…
Rescue efforts are still under way after a huge explosion ripped through China’s fireworks capital. Published On 5 May 20265 May 2026 Chinese President Xi Jinping has ordered an investigation after an explosion ripped through a fireworks factory in central China and its surrounding area, killing at least 26 people and injuring 61. Xi’s order…
The Panama Canal has emerged as the latest maritime flashpoint, with the United States and China exchanging barbs in recent weeks over influence in what is one of the world’s most important shipping routes. Earlier this week, Washington and its allies in the region accused Beijing of detaining and holding up Panama-linked ships – and…
China has detained nearly 70 Panamanian-flagged ships after a Supreme Court ruling on the Panama Canal, US officials say. Published On 29 Apr 202629 Apr 2026 Bolivia, Costa Rica, Guyana, Paraguay, Trinidad and Tobago, and the United States have released a joint statement in support of Panama, while criticising Chinese economic retaliation, after a Hong…
The Hengli refinery, China’s second-largest, has generated hundreds of millions of dollars for Iran’s military, the US Treasury says. Published On 25 Apr 202625 Apr 2026 The United States has sanctioned a Chinese oil refinery for buying hundreds of millions of dollars worth of Iranian oil. Ahead of potential new talks on ending the US-Israeli…
Life insurance sales in Hong Kong rose 50.6 per cent to another record last year as affluent customers continued to buy policies in the city for wealth transfer, protection and medical needs. The industry wrote HK$330.9 billion (US$42.2 billion) in new life policies in 2025, compared with HK$219 billion a year earlier, which was also…