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…
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…
Airfares from Hong Kong to European, South American and even some Asian destinations have surged amid the latest geopolitical tensions, according to industry insiders, especially on routes that typically transit through Middle Eastern aviation hubs. A check by the South China Morning Post found that airfares to such destinations had roughly tripled from Tuesday, days…
After consecutive operating deficits, the operating account has returned to profit. Simultaneously, the consolidated account records a HK$2.9 billion (US$370.6 million) surplus for 2025/26, signalling stability. This turnaround is driven largely by a buoyant stock market and a stabilising property sector, reviving stamp duty revenues and investment income. This provides fiscal space for the government…
I have a habit of re-watching movies during festive times. As we entered the Year of the Horse, one movie that I watched again during Chinese New Year was Marriage Story, a legal drama released on streaming platforms in 2019. The story centres on the divorce of the two lead characters and the resulting legal…
This file photo dated Aug 1, 2025 shows a logo of stablecoin USDT in Hong Kong. (ADAM LAM / CHINA DAILY) RedotPay, a stablecoin payments company based in Hong Kong, is considering an initial public offering in the US to potentially raise over $1 billion, according to people familiar with the matter. RedotPay is working…
Frontier plans to substantially scale down service at New York-JFK later this year as part of its latest schedule adjustment. The ultra-low-cost carrier began serving the airport in 2024. During the peak summer months, the airline initially planned to connect New York-JFK and San Juan, Puerto Rico; Atlanta; Chicago O’Hare, Las Vegas; along with Atlanta….
A man died after he was shot in the head Saturday morning outside a Queens laundromat, cops said. Dominick Lowery, 31, of nearby St. Albans, was shot in front of Wash & Fold Super Laundry at the Conduit Plaza shopping strip around 8:37 a.m. near Springfield Blvd. and 144th Ave. in Laurelton. EMS rushed him…
Mayor Mamdani is implementing additional measures across the city to shelter vulnerable New Yorkers amid the brutally cold temperatures this weekend. The mercury in New York City dove to nearly zero degrees Saturday night. A wind advisory warning of winds of 20 mph to 25 mph, with gusts up to 50 mph, producing dangerously cold…
Pressure from the United States remains a major challenge in CK Hutchison Holdings’ arbitration against Panama and it may take years to resolve the dispute, legal and political experts have said of the continuing controversy over the Hong Kong conglomorate’s ports. The company, led by billionaire Li Ka-shing’s family, said on Wednesday that its subsidiary,…