Artificial intelligence (AI) has been advancing at an astonishing pace, raising concerns about how the technology will change the world – and how soon. It is good to see Hong Kong taking timely action to craft policies to help ensure AI tools are beneficial rather than threats to human safety. Commissioner for Digital Policy Tony…
The leader of Hong Kong’s Catholics has emphasised the need to maintain a “better understanding” and “better relationship” between the Vatican and mainland China, saying that such “bridge-building” under the late Pope Francis should continue. Cardinal Stephen Chow Sau-yan, who is in Rome preparing for the coming conclave that starts on Wednesday to elect a…
The leader of Hong Kong’s Catholics has emphasised the need to maintain a “better understanding” and “better relationship” between the Vatican and mainland China, saying that such “bridge-building” under the late Pope Francis should continue. Cardinal Stephen Chow Sau-yan, who is in Rome preparing for the coming conclave that starts on Wednesday to elect a…
China’s consumer goods trade-in program is driving a surge in domestic spending and boosting demand for high-quality appliances, with the Labor Day holiday sparking greater consumer enthusiasm. This initiative dates back to March 2024, when an action plan was introduced to encourage large-scale equipment renewal and consumer goods trade-ins. In January, the program was further…
The expansion of the loophole for tariff-free shipments of goods nearly a decade ago gave rise to Temu, Shein and other low-cost online retailers offering items straight from Chinese factories at unfathomable discounts. It also unleashed something else — a cascade of billions of dollars of digital advertising that provided a windfall for Meta, Alphabet…
The Hong Kong Monetary Authority (HKMA) has stepped into the financial market again to rein back the local currency, which had been pushed above its trading band against the US dollar amid the recent influx of capital in the city’s bourse. In its first market intervention in two years, the city’s de facto central bank…
Temu, the Chinese e-commerce platform, has stopped shipping products from China directly to customers in the United States, a spokesperson for the company said on Friday. Instead, all of its U.S. orders will be shipped from local warehouses in America. The change comes as the Trump administration closed a loophole that allowed products made in…
To investors worried about the direction of volatile markets over the next few weeks, fear not. I have some good news for you. The impact of US President Donald Trump’s tariff tantrum is abating. The markets are back to normal – at least for now. But to understand why markets have somewhat recovered, albeit temporarily,…
Thor Pedersen’s wedding day was a strange affair. Wearing a new suit he’d had tailored in Hong Kong, he was alone in his Kwai Chung flat while his Danish fiancée, Le, was more than 8,000km away in Denmark. Due to the different time zones, they didn’t even get married on the same day. “It was…
If your suitcase has been giving you sad eyes from the closet corner, 2025 might be the year to dust it off! As travellers around the globe scramble to make up for lost time, airports are buzzing like beehives, and famous landmarks are playing host to selfie sticks once again. The World Economic Outlook Report…