Chinese short video platform Douyin now counts about 40 per cent of Hong Kong’s 7.5 million residents as users, about five years after social media giant ByteDance suspended the operation of hit global app TikTok in the city. The number of monthly active users (MAUs) of Douyin in Hong Kong has already surpassed 3 million,…
The terms “United States exclusion clause” and “China risk clause” were frequently heard at a recent shipping forum hosted by Zhejiang Seaport Group in the eastern city of Ningbo, as uncertainties at sea persist despite the trade war truce reached between the world’s two biggest economies. The event brought together global logistics sector representatives and…
Hong Kong’s move to legalise stablecoins – cryptocurrencies that maintain a fixed value by being pegged to a reference asset – is grabbing the attention of mainland institutions, as a leading Chinese brokerage predicts a boom in tokenised real-world assets (RWA) in the city. While Beijing has remained largely quiet on Hong Kong’s new stablecoin…
Hong Kong’s move to legalise stablecoins – cryptocurrencies that maintain a fixed value by being pegged to a reference asset – is grabbing the attention of mainland institutions, as a leading Chinese brokerage predicts a boom in tokenised real-world assets (RWA) in the city. While Beijing has remained largely quiet on Hong Kong’s new stablecoin…
NEW YORK/WASHINGTON — U.S. President Donald Trump’s administration intends to cancel visas of Chinese and Hong Kong students and enhance scrutiny of future visa applications from these jurisdictions. In a press statement, the State Department said it will work with the Department of Homeland Security to “aggressively revoke visas for Chinese students, including those with…
Washington ended the “de minimis” exemption for mainland China and Hong Kong on Friday, which had allowed products valued at US$800 or below to be shipped to the United States duty-free. While there are indications Washington and Beijing are moving towards easing their tit-for-tat tariff war, businesses in Hong Kong and the mainland have already…
Steep port fees imposed on Chinese vessels docking in the US are not expected to immediately affect Hong Kong’s shipping sector as the industry is good at working around disruptions and may benefit from the move, veteran shippers have said. Shipping industry players gathered on Tuesday to address how Hong Kong’s maritime community will face…
File photo: Ukrainian President Volodymyr Zelenskyy (Picture credit: AP) Tensions between Ukraine and China escalated Wednesday after Ukrainian President Volodymyr Zelenskyy claimed his government had detailed intelligence on more than 150 Chinese nationals fighting as mercenaries for Russia in the ongoing war. China swiftly denied the accusations, calling them “totally unfounded” and warning against misinterpretation…
China’s government on Wednesday issued two warnings to its citizens about travel to the United States, noting a deterioration in bilateral relations as the two countries slap hefty tariffs on each other’s imports. “Due to the deterioration of Sino-US economic and trade relations and the domestic security situation in the United States, the Ministry of…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China to strengthen strategic ties with neighbours, Xi Jinping says Chinese President Xi Jinping has pledged to strengthen strategic bonds with neighbouring nations by “appropriately” managing differences and enhanced…