Police in eastern China’s Zhejiang province have detained Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park, as authorities investigate alleged mismanagement following defaults on multibillion-yuan wealth products issued by a firm under his control. It is the latest crackdown on mainland China’s shadow banking system, continuing years of government efforts to clean up…
The Chinese University of Hong Kong will offer free autism screening for 200 young children with suspected symptoms under a pilot project using a newly developed tool that tests stool samples and can provide results as quickly as one week later. Researchers at the university said on Wednesday that they and a spin-off company, MicroSigX,…
Mannings, one of Hong Kong’s largest health and beauty chains, will cease all retail operations in mainland China, both online and offline, as it adjusts its strategy in the highly competitive market. In a letter to its members, Mannings China said “its physical stores on the mainland will close permanently after January 15, 2026”. Its…
Hong Kong customs has, for the first time, uncovered a drug smuggling operation involving an underwater compartment of a large cargo ship, resulting in the seizure of HK$256 million (US$32.89 million) worth of suspected cocaine. The operation last month, supported by intelligence from mainland China and underwater robots, also disrupted what investigators believed was an…
Hong Kong and mainland China are set to see more corporate restructuring and liquidation in commercial real estate, restaurants and retail shops in 2026 due to the weak economy and changes in consumer behaviour, according to veteran liquidator Derek Lai Kar-yan. The challenging economic environment, however, provides opportunities for experts like Lai, 60, who is…
About a quarter of face washes tested contain only some or none of their claimed active ingredients, Hong Kong’s consumer watchdog has revealed. It also urged users to try a small portion on their skin beforehand as a precaution when using cleansers that were highly acidic. The Consumer Council said on Monday it tested 25…
Hong Kong plans to deploy large passenger-carrying drones within the next two to three years as part of its drive to become a regional hub for the low-altitude economy, a senior official has said, predicting the aircraft will be significantly cheaper than current helicopter services. Dominic Chow Wing-hang, deputy director general of civil aviation, outlined…
Hong Kong authorities have launched a professional services platform to provide support for mainland Chinese companies expanding overseas, while boosting business opportunities for local sectors. Speaking at the launch ceremony for the Hong Kong Professional Services GoGlobal Platform on Saturday, Deputy Secretary for Justice Horace Cheung Kwok-kwan said the sectors’ international outlook, uncompromising standards and…
Hong Kong secondary schools have 15 fewer Form One classes this academic year, prompting a sector representative to call on the government to allow publicly funded institutions to enrol non-local students in response to the drop in pupil numbers. The number of Form One classes this school year at 381 government and aided schools taking…
In a high-stakes bilateral exchange where Taiwan has historically been an enduring flashpoint, the unusual silence was deafening. Last week’s summit between Chinese President Xi Jinping and US President Donald Trump produced a rare omission – no mention of Taiwan at all in official readouts from both Washington and Beijing. The rare departure from diplomatic…