Beijing removed Erick Tsang Kwok-wai from his position as Hong Kong’s Secretary for Constitutional and Mainland Affairs on Tuesday, ending days of speculation about his departure. According to state news agency Xinhua, the decision by the State Council was based on the recommendation of Chief Executive John Lee Ka-chiu and made in accordance with relevant…
China’s Spring Festival has emerged as a high-stakes arena for artificial intelligence and robotics companies, with tech giants Tencent Holdings and Baidu committing a combined 1.5 billion yuan (US$215 million) to their digital red packet campaigns. Chinese social media and gaming giant Tencent announced on Sunday that its AI chatbot app Yuanbao would give away…
Beijing’s point man on Hong Kong affairs has called on the city to improve its executive-led governance model, arguing that the legislative and judicial branches should support the government as they perform “on the same stage” rather than undermine one another. Xia Baolong, director of the Hong Kong and Macau Affairs Office, on Monday warned…
New share listings by Chinese technology firms in Hong Kong have delivered above-average returns on their debuts so far in 2026, as investors faced with a challenging macro environment bet on Beijing’s push for technology self-reliance. Graphics processing unit (GPU) maker Shanghai Biren Technology, semiconductor maker OmniVision Integrated Circuit Group and three others rose by…
As China prepares its digital yuan for wider domestic and cross-border use, the global debate has turned again to a familiar question: is Beijing trying to challenge the US dollar’s dominance? But this misses the more consequential point. The significance of China’s digital currency push lies not in substitution, but in the transformation of the…
A Hong Kong travel agency has withdrawn from its role in a trip to Taiwan that centred on a private screening of a movie banned in the city on national security grounds. Jetport Travel on Saturday also distanced itself from promotion of the tour, which was organised by e-commerce platform As One and advertised as…
Fans flocked to catch the final leg of Blackpink’s world tour in Hong Kong, with shops reporting around a 30 per cent boost in business from concertgoers. Kai Tak Sports Park turned into a pink-dotted sea of fans on Saturday, as attendees in matching outfits or waving the band’s signature lightsticks filled the venue and…
Deans from several of Canada’s top engineering programmes are exploring new academic exchange opportunities in Hong Kong, as relations between Ottawa and Beijing warm, with the organiser of a forum where they spoke describing the city as having a “pivotal role” in rebuilding ties. Speaking at the Canadian Engineering Asia-Pacific Conference, academics expressed hope that…
Chinese regulators are targeting one of the world’s biggest travel platforms in an anti-monopoly probe after complaints it had hurt travellers and travel operators in China’s expansive tourism market, analysts said. Unlike the broad legal actions against Chinese tech firms and cram schools five years ago, the investigation into Trip.com is seen as a relatively…
As Chinese biotech and pharmaceutical firms gain importance on the global stage, foreign investors from sovereign wealth funds to industry players are securing strategic stakes in their future success. International institutional investors have built up significant positions in Chinese biotech firms over the past decade. These positions often approach, and in some cases exceed, the…