During the opening ceremony of Ride to Shine Hong Kong this month, Secretary for Culture, Sports and Tourism Rosanna Law Shuk-pui challenged Hongkongers to cycle more than 1.2 million km – a distance equivalent to circling the Earth 30 times – to commemorate Hong Kong’s 30th anniversary of returning to China next year. Cycling is…
An intergovernmental mediation body headquartered in Hong Kong has resolved at least one more dispute since settling a case involving parties from Singapore and mainland China, while its influence has grown to cover 46 signatory and 16 contracting states. Teresa Cheng Yeuk-wah, secretary general of the International Organisation for Mediation (IOMed), also said on Sunday…
Earlier this month, the first batch of 14,000 free tickets to visit the People’s Liberation Army’s naval vessels during their stopover in Hong Kong was claimed within minutes of being released. Families queued online for the opportunity to step aboard the ships, and the open days quickly became one of the most talked-about events of…
Taxi trade leader Chau Kwok-keung says he has never felt as much fear as he does now after transport minister Mable Chan set a 10,000-vehicle cap for ride-hailing service permits in May, in a bid to resolve what she called a “long-standing controversy” between traditional cabs and online service providers. Chau, a 40-year veteran of…
WASHINGTON, July 16 (Reuters) – U.S. President Donald Trump will attend the World Cup final between Argentina and Spain at the New York-New Jersey stadium on Sunday, White House press secretary Karoline Leavitt said on Thursday. “We look forward to the final match on Sunday, and I know the president looks forward to attending,” Leavitt…
Chinese investors pulled a record US$2.91 billion out of domestic gold exchange-traded funds (ETFs) in June, taking profits as a stock-market surge and a strong yuan dimmed the appeal of the safe-heaven metal, according to the World Gold Council (WGC). Mainland Chinese funds were the biggest drag on Asia’s gold ETFs in June, “as local…
For decades, warnings of Hong Kong’s terminal decline have arrived in periodic waves. When Stephen Roach, the former chairman of Morgan Stanley Asia, ignited a firestorm with his February 2024 assertion that “Hong Kong is over”, he pointed to a toxic cocktail of domestic and external pressures. Roach, who doubled down on his “wake-up call”…
The world’s largest buyer of biopharmaceutical royalties has set up its first Asia-Pacific base in Hong Kong, joining a string of multinational corporations in the pharmaceutical sector establishing offices in the city as out-licensing deals by mainland Chinese biotechnology firms hit record highs. Royalty financing gives drug developers an alternative way to raise capital even…
NEW YORK (AP) — A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a U.S. prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars. Guo Wengui, who fled China a decade…
Prediction markets occupy a grey area under Hong Kong’s gambling laws, with experts warning that the increasingly popular betting platforms could pose risks related to market manipulation and consumer protection. Lawyers and a legislator said that while a ban could restrict access to these largely unregulated betting platforms, authorities would face challenges in gathering evidence…