Hong Kong has changed since the turmoil of 2019-20. Few people would dispute this. The more important question is what kind of city it is becoming. It is evolving into a more nationally integrated yet still distinctive city. The emerging model seeks to combine market dynamism and international connectivity with clearer alignment to national development….
What will a stronger international financial centre look like for Hong Kong? Doubling down on yuan internationalisation is a key focus, experts say in this second of our five-part series on the city’s first five-year blueprint. Read part one here. With a symbolic press of a button, top officials and securities regulators from Hong Kong…
For years, international investors have steadily increased their exposure to China’s bond market. The attraction was clear. China had built the world’s second-largest bond market, now valued at close to 200 trillion yuan ($30 trillion), offering global asset managers a new source of diversification and access to one of the world’s largest economies. Yet one…
Cameras aboard the Royal Navy’s unmanned surface vessels (USVs) were found transmitting data back to China, prompting the UK Ministry of Defence to sever all internet access to the fleet. A routine cyber assessment revealed that the devices in the 12-million-pound ($16.2-million) K3 Scout drone fleet used by the Royal Navy’s Special Boat Service were…
Shenzhen-based Tencent is the developer and operator of China’s multifunctional app WeChat (Hector RETAMAL) Chinese tech firm Tencent posted quarterly net profit Wednesday that was short of expectations, as the gaming and advertising giant looks to monetise its heavy investment in artificial intelligence. Shenzhen-based Tencent is the developer and operator of China’s multifunctional app WeChat,…
Chinese tech company Tencent is a gaming giant and the parent company of WeChat, the ubiquitous social messaging app in China. Cheng Xin | Getty Images News | Getty Images Tencent posted a beat on second-quarter revenue thanks to an acceleration at its China gaming unit and AI-driven advertising, but its core profit missed analyst…
When it comes to bad prognostication, no one can beat Fortune, which came up with the mother of all “Hong Kong is doomed” narratives. In June 1995, the magazine ran its infamous “The Death of Hong Kong” cover story, predicting its demise following the 1997 handover to China. Stephen Roach, veteran China watcher and former…
As the government completes a public consultation exercise to craft the city’s own five-year plan to align with national development, the first of this five-part series looks at key questions, starting with the need for such a blueprint. Economist Heiwai Tang has a line he likes to use on free-market purists: “The market is almost…
The Manus logo is displayed on a smartphone screen, with the Meta logo visible in the background. Cheng Xin | Getty Images News | Getty Images Manus said Tuesday it will “soon resume operating as an independent company,” after Chinese regulators in April demanded Meta unwind its $2 billion acquisition of the artificial intelligence startup….
China has been cracking down on a practice known as “Singapore-washing,” which is when companies leave the country to take advantage of looser regulations and funding opportunities (GREG BAKER) AI startup Manus said Tuesday it would resume “operating as an independent company,” months after Beijing blocked Meta’s multi-billion-dollar acquisition of the Chinese-developed, Singapore-based company. Some…