By the second half of the 21st century, the Sino-Indian relationship will become the world’s most geopolitical, dislodging even the complex China-US cooperative rivalry. By 2050, the world’s three largest economies are likely to comprise some combination of China, India and the United States. PricewaterhouseCoopers predicts this exact order – with the US having the…
Hong Kong’s leader has pledged to align with national strategies outlined in China’s latest five-year plan and transform the city’s “new positionings, functions and missions” assigned by Beijing into “tangible outcomes” to drive economic growth. Chief Executive John Lee Ka-chiu also said on Thursday that he would lead the local government in fulfilling its primary…
China’s National People’s Congress on Thursday approved a new five-year plan for 2026-2030, which will see Beijing accelerate the development of key technologies including semiconductors and artificial intelligence (AI). Adopted at the closing session of the annual meeting, the plan prioritizes sectors such as robotics and biotechnology as part of China’s push to strengthen its…
HSBC and a joint venture led by Standard Chartered are expected to be among the first companies to obtain Hong Kong’s stablecoin licences within two weeks, according to people familiar with the matter. The number of licences and timetable had yet to be finalised and remained subject to change, but sources said a possible date…
Hong Kong should step up education on Chinese history and culture while highlighting security threats to cultivate public awareness about the need to defend the country, experts have said, as the nation’s legislature is set to pass a law promoting ethnic unity. The expert’s comments came ahead of the closing session of the 14th National…
A Hong Kong property tycoon has called for a more prudent approach to the city’s development rather than accelerating projects amid global uncertainties, saying the industry’s willingness to invest in the Northern Metropolis hinges on the health of the market. Far East Consortium chairman David Chiu Tat-cheong also described the megaproject’s new land disposal approach…
Hong Kong is set to challenge London’s dominance in marine insurance as Middle East tensions highlight the city’s ability to provide war-risk cover at a lower cost, according to the local insurance regulator’s chairman. Stephen Yiu Kin-wah on Tuesday said the Insurance Authority had supported insurers in launching a special war-risk insurance pool last November,…
China’s annual parliamentary “two sessions” have been framed as a show of resilience in a turbulent world. That framing is not wrong but it is incomplete. Beijing’s deliberately lower 2026 economic growth target is less an admission of weakness than a signal that the growth playbook is being rewritten. For Hong Kong, this is not…
Hong Kong could emerge as the world’s leading financial centre as the central government pushes to internationalise the yuan – a move that will advance the nation’s development under the 15th five-year plan while also driving the city’s own growth, a National People’s Congress (NPC) deputy has said. Li Yinquan said the city stood to…
Hong Kong’s legislature will consider establishing a dedicated mechanism to scrutinise the implementation of approved bills and funding, drawing inspiration from mainland China’s law enforcement inspection system, according to its president. Legislative Council president Starry Lee Wai-king also dismissed concerns that the city’s first five-year plan would undermine the “one country, two systems” governing principle,…