Hongkong Post’s worsening financial situation may require not only an injection of funds but also a return to being a government-funded department providing basic public services, observers have said. The analysts’ views follow the authorities’ plan to inject HK$4.6 billion (US$587 million) as a lifeline to support Hongkong Post’s operations over the next three years,…
Women get made up with historical Chinese costumes at studio near the Forbidden City in Beijing on Saturday, April 4, 2026. Ng Han Guan/AP Photo/Ng Han Guan Men wear historical Chinese costumes near the Forbidden City in Beijing on Saturday, April 4, 2026. Ng Han Guan/AP Photo/Ng Han Guan A woman holds up a fan…
Hong Kong should urgently address its bottlenecks in developing a yacht economy by improving immigration procedures, upgrading mooring facilities and curating niche tourism itineraries following Beijing’s policy relaxation on yachts from the city sailing to mainland China, industry leaders have said. Their calls came on Saturday after Beijing allowed Hong Kong and Macau yachts to…
Chinese military technology may have played a previously undisclosed role in supporting Iran during its recent conflict with the United States, according to an NBC News report citing US officials and sources familiar with intelligence assessments. According to NBC News, US investigators believe an American F-15E Strike Eagle shot down over southwestern Iran in April…
Hong Kong-registered yachts can berth more easily in designated mainland Chinese ports in the Greater Bay Area, as Beijing has waived customs guarantees and simplified administrative procedures. In a directive published on Saturday night, the State Council revamped its maritime policies, allowing Hong Kong and Macau leisure yachts to enter designated mainland ports “exempt from…
Tensions between China and the EU have intensified in recent months, prompting the European Commission to convene most of its commissioners for a strategic rethink during an “orientation debate” on Friday. “China is a critical partner, and engagement and dialogue will continue,” the commission said in a readout following the debate. “At the same time…
Hong Kong leader John Lee Ka-chiu met lawmakers on Friday to discuss a “highly targeted, substance-heavy” report they compiled outlining proposals on how the city’s first five-year plan should proactively align with national development. The closed-door meeting took place ahead of the government’s planned launch of a public consultation on Hong Kong’s five-year plan in…
Beijing threatened to launch trade probes against the European Union if the 27-member bloc pushes ahead with a proposal to curb imports of heavily subsidized foreign products. European leaders hold the view that China’s global industrial dominance is a result of decades of government subsidies and non-reciprocal market access. Chinese authorities could initiate anti-discrimination and…
As news spread on Wednesday that Hong Kong banks were tightening scrutiny on mainland Chinese clients opening savings and investment accounts, Zhe Ye – an auctioneer based in the southwestern province of Yunnan – was stunned. The former asset appraiser had been planning a trip to Hong Kong to open an account, hoping to buy…
Beijing has hailed the inclusion of Hong Kong’s first astronaut in the Shenzhou-23 mission as the “fruitful result” of the “one country, two systems” framework, while expressing hope that more young people from the city will be inspired to contribute to the country’s technological development. At a press briefing on Wednesday, Chinese Ministry of Foreign…