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China says US attack on Iran has damaged its credibility

HONG KONG (Reuters) -China said the U.S. attack on Iran’s nuclear facilities has damaged Washington’s credibility and Beijing was concerned that the situation “may go out of control”, its state broadcaster reported, following a U.N. Security Council meeting on Sunday. President Donald Trump said the U.S. had “obliterated” Tehran’s key nuclear sites, joining Israel in…

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Zhejiang Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs

Zhejiang Sanhua shares fall in Hong Kong debut, first drop in 2025’s club of billion-dollar IPOs

Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls had a tepid trading debut in Hong Kong on Monday, with investors selling shares following the initial public offering (IPO) frenzy. Trading under the code 2050, the stock began trading at HK$20.95 amid a declining market, 7.2 per cent lower than its offer price of HK$22.53, in…

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China hits out at US and Israel, calls for de-escalation of conflict with Iran

China hits out at US and Israel, calls for de-escalation of conflict with Iran

China sharply criticised the United States and Israel on Sunday, calling on them to de-escalate their conflict with Iran, prioritise civilian safety and adhere to international law as Mideast anxiety intensified following the US attack on three Iranian nuclear facilities using massive “bunker buster” bombs. Washington has violated Iranian sovereignty, “exacerbated tensions in the Middle…

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Hong Kong Web3 group issues blueprint for accelerating blockchain development

Hong Kong Web3 group issues blueprint for accelerating blockchain development

In a call to action for greater investment to accelerate the development of blockchain infrastructure, industry group Web3 Harbour and accounting firm PwC Hong Kong released the “Hong Kong Web3 Blueprint” on Monday, capitalising on recent momentum in the city. Highlighting the “transparency, security, and user empowerment” of decentralisation, the blueprint seeks to leverage what…

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