Hong Kong is set to challenge London’s dominance in marine insurance as Middle East tensions highlight the city’s ability to provide war-risk cover at a lower cost, according to the local insurance regulator’s chairman. Stephen Yiu Kin-wah on Tuesday said the Insurance Authority had supported insurers in launching a special war-risk insurance pool last November,…
Hong Kong could emerge as the world’s leading financial centre as the central government pushes to internationalise the yuan – a move that will advance the nation’s development under the 15th five-year plan while also driving the city’s own growth, a National People’s Congress (NPC) deputy has said. Li Yinquan said the city stood to…
Hong Kong has been urged to extend its stock trading hours to maintain its status as an international financial hub, as competitors move towards near 24-hour operations to capture global liquidity. Speaking at the “Redefining Hong Kong 2026 Budget Edition” forum organised by the South China Morning Post on Monday, Kenny Shui Chi-wai, vice-president of…
Travellers are paying double the usual airfare on Cathay Pacific Airways flights from more than 50 cities to Hong Kong as the Iran war drives up demand for routes that avoid the conflict zone, with London, Madrid and Chennai seeing the steepest surges, the South China Morning Post has found. The US-Israeli attacks on Iran…
From Sydney to Hong Kong, wealth migration is reshaping the global super-luxury property market as activity picks up after two subdued years – though the dominance of relative newcomer Dubai is now being tested by the war in the Middle East. In Sydney, Peter Li, general manager at Plus Agency, said commission revenues on super-luxury…
The Hong Kong government has ruled out chartering Cathay Pacific Airways flights to bring home residents stranded in the Middle East, given the potential danger of navigating partially reopened airspaces and challenges in securing take-off slots at foreign airports, sources have said. The South China Morning Post learned that officials had also weighed the option…
Mahdi Yahya pitched to hundreds of investors with his early AI venture. Mahdi Yahya’s fascination with data centres began as a child. His father worked in telecoms and took him to facilities where he first remembers the “smells, sounds, the noise and being extremely cold”. Yahya’s London-based firm, Ori Industries, has since proved to be…
More of the world’s billionaires live in China than anywhere else, after stock market gains and artificial intelligence generated a record number of billionaires globally, according to the latest Hurun Global Rich List. China overtook the United States to recapture bragging rights on the annual report released by Hurun Group on Thursday, with 1,110 billionaires…
A British woman has been convicted of blackmailing a compatriot for a £100,000 (US$134,030) payout after accusing him of rape and threatening to report him to Hong Kong police. Isabel Anonia Barbra Eudora Rose, 25, turned from an alleged rape victim into a defendant standing trial at the District Court in Wan Chai for blackmailing…
Hong Kong sees itself as a modern, well-governed, global city that moves with the times. On finance, education, legal services and logistics, that self-image holds. But when considering the green transition, particularly transport electrification, the gap between rhetoric and reality is increasingly hard to ignore. Nowhere is this more evident than in electrifying the taxi…