Newly appointed transport minister Mable Chan has said she will prioritise residents’ travel needs in designing a regulatory framework for Hong Kong’s growing ride-hailing industry, earning praise from a lawmaker for having the “right attitude” in her approach. Chan also acknowledged on Saturday that ride-hailing services were popular with residents, whereas the city’s taxi licensing…
Language serves as a mirror of society. This year’s buzzwords in mainland China undeniably reflect the essence of our times. They primarily signify the advent of the intelligent era, where the younger generation – especially those born after 2000 – has become the focal point of social attention, while the elderly have emerged as a…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Mainland China sanctions 13 US companies over weapons sales to Taiwan Mainland China has slapped sanctions on 13 US defence companies, along with executives of other firms,…
(Bloomberg) — Stocks in Asia declined after South Korea’s political turmoil triggered by a brief imposition of martial law put investors on edge. Most Read from Bloomberg The benchmark Kospi Index fell as much as 2.3% on Wednesday after South Korea-related assets all dropped overnight. The MSCI Asia Pacific Index was down 0.5%, with shares…
Global Luxury CEOs Underscore City’s Status as Premium Hub for Luxury Business HONG KONG, CHINA / ACCESSWIRE / December 2, 2024 / Long recognised as a land of luxury, Hong Kong has levelled up its luxury hub appeal following the Leaders of Luxury Summit 2024. Organised by Robb Report Hong Kong, the summit brought together…
Hesai Group, the world’s largest maker of the lidar sensors that many smart cars use to map their surroundings, remains confident about expanding into international markets including Europe despite tensions about tariffs on Chinese-made electric cars. The company is assessing investment plans outside mainland China as seeks to make its lidar sensors more affordable to…
Hong Kong’s Audit Commission has vowed to step up its scrutiny of expenses incurred by government-backed institutions and social welfare groups to stop staff from “seeking personal gain”, after finding an executive overspent on business travel. Nelson Lam Chi-yuen, director of the commission, on Sunday addressed its latest report which revealed the then CEO of…
Hong Kong will require an influx of banking talent as the market rebounds and cross-border activity with mainland Chinese companies picks up, according to the Asia-Pacific head of Deutsche Bank. “Hong Kong has always benefited from its proximity to mainland China, and that’s a strength, not a weakness,” Alexander von zur Muehlen said during a…
Eighty-five business heavyweights have pledged to support and participate in Hong Kong’s Northern Metropolis megaproject near the mainland China border, with a senior Beijing official calling on their companies to take part in wider reforms and help the city steer through global changes. The government on Friday also announced that next month it would invite…
Retail sales in Hong Kong dropped for the eighth month straight in October, falling by 2.9 per cent year on year, even as authorities have expressed optimism that spending will increase with the resumption of multiple-entry visas for Shenzhen residents. Provisional estimates from the Census and Statistics Department on Friday put the total value of…