Beijing’s point man on Hong Kong and Macau affairs has urged business leaders from both cities to defend national interests, a move seen by analysts as a “wake-up call” for firms such as tycoon Li Ka-shing’s CK Hutchison group, currently embroiled in the Panama ports saga, to choose a side. Xia Baolong, director of the…
Hong Kong has taken another major step towards ensuring a halal-friendly environment with a new certification developed in partnership with a leading business group and a major organisation representing the faith. The Hong Kong Federation of Hong Kong Industries and a top Muslim group signed a memorandum of understanding on Friday focusing on halal-sanctioned products…
Digital wallets are on track to become the dominant payment method in Hong Kong by 2030, accounting for nearly half of all online and in-store transactions, marking a significant shift away from traditional credit card payments, according to a new report. Digital wallets – typically smartphone-enabled payment systems run by technology companies such as Google…
The impact of US port fees on Chinese ships docking in the country may be mitigated by using a Peruvian port for the Latin American market, Hong Kong industry leaders have said, warning that the levy will only cause damage. The remarks made on Saturday were in response to the new port fees announced by…
Hong Kong’s e-commerce operators are exploring new markets and delaying major business decisions in light of US tariffs, industry players have said. One industry body said e-commerce firms could look towards expanding their operations in traditional markets when diversifying their business, while also exploring emerging ones in Southeast Asia, as well as Central and South…
With US President Donald Trump levying extra 145 per cent tariffs on China this year, and Beijing responding nearly in kind, it would be easy to assume Chinese green technology companies would be facing a reckoning after losing the vital US export market. After all, China is the world’s top producer of electric vehicles, photovoltaic…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s economy grows 5.4% in first quarter ahead of full-blown US trade war China’s economy beat expectations to expand by 5.4 per cent in the first quarter, keeping it…
President Xi Jinping of China kicked off a weeklong tour of Southeast Asia Monday, landing in Hanoi and trying to rally other nations to Beijing’s side as American tariffs threaten manufacturing networks and economic growth. In an essay published Monday in Vietnamese state media just before his arrival, Mr. Xi called on other countries to…
As China faces off with the United States over a punishing trade war, it is under pressure to shore up its friendships around the world, starting with its neighbors in Southeast Asia. But its relations there are complicated. China’s leader, Xi Jinping, will be testing these ties this week as he visits Vietnam, Malaysia and…
The United States has a “rare” opportunity to become a key partner for Indonesia in areas such as emerging technology and digital infrastructure despite Jakarta’s close economic ties with China, a study has claimed. But Washington needs a more ambitious and strategic form of statecraft to do so, according to the report from the Centre…