Hong Kong is a key beneficiary of mainland China’s high household savings rate. A spillover of capital into Hong Kong from the mainland’s overflowing reservoir of household savings could provide much-needed relief for Hong Kong, which is struggling with protracted economic and geopolitical uncertainties. While the mainland is subjected to capital controls, Hong Kong is…
Hong Kong marked a historic moment in its aviation industry on Thursday with the opening of the HK$141 billion (US$18 billion) three-runway system as the city leader called for airlines to be more competitive. Chief Executive John Lee Ka-chiu officiated the launch at Hong Kong International Airport, along with senior Beijing officials, and later broke…
Sakshi Vasudev used to be a “very shy B or C student” before she joined Kids4Kids, the Hong Kong charity that she said changed her life and gave her what the city’s education system could not. Now 23, Vasudev said she found encouragement, mentoring and support at Kids4Kids when the local education system focused on…
This week, Chinese President Xi Jinping gave a speech in Brazil titled “Building a just world of common development”, at the G20 summit’s first session on the global fight against hunger and poverty. He spoke of China’s poverty elimination campaign and its commitment to bringing common development and prosperity to the world. “Common” is a…
Chinese companies are ready to return to Sudan at a moment’s notice, according to a Chinese official, once security and stability are restored in the northeast African nation engulfed in a civil war. Multibillion-dollar Chinese oil and gas projects have been stalled or destroyed since the fighting began in April last year. Chinese-built and funded…
Hong Kong’s finance chief has revealed that another 17 companies will set up offices locally under a government push to develop the innovation and technology sector, as he pointed to “golden opportunities” for firms looking to settle in the city. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong would need to…
With just a year to go until Beijing’s self-imposed deadline to become an international hub of innovation, just 22,000 foreigners are living and working long term in the Chinese capital. The estimate, from a report compiled by the Beijing International Talent Exchange Association and released at a forum late last month, is well down on…
People from nine more countries, including South Korea, Norway, Finland and Slovakia, will have visa-free entry to China from Friday, as Beijing tries to attract more tourists and improve international ties. From November 8, nationals from these countries, which also include Denmark, Iceland, Andorra, Monaco and Liechtenstein, will be allowed to enter China for business,…
I was saddened when a small group of Pomona College students in the United States recently barricaded themselves inside Carnegie Hall, causing significant damage and choosing violence over discussion. They were a minority in a group that included masked protesters, some later identified as students from other Claremont Colleges, a consortium of seven independent institutions…