The Hong Kong government will offer incentives to attract more issuers and investors to participate in catastrophe bonds in the city to help address growing climate risks. “Hong Kong is the best investment hub for catastrophe bonds because we have capital, financial infrastructure and all the professionals and brokers needed to support the issuance of…
A 31-year-old man in China has spent nearly a year hiking for 3,300km from his hometown in central Hubei province to Lhasa in Tibet. However, the journey has taken its toll, transforming him to look like he is in his 50s. The man, who uses the alias Liqi on a leading social media platform, embarked…
Chinese scientists have been working on new technologies to make stronger and more durable bamboo-based materials for large-scale infrastructure, reinforcing the country’s position as a leader in the emerging eco-friendly industry. Bamboo, which is known for its rapid growth and high strength, was engineered into composite panels used on the scenic platforms that stretch for…
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In Hanoi and other Vietnamese cities at this time of year, potted kumquat trees fastened to motorbike seats dodge and weave through traffic in a haze of orange. Families buy them as symbols of luck and good fortune for the new Lunar New Year, which started on Wednesday. This year a typhoon and extreme heat…
On Hong Kong’s Kat O island, 79-year-old Fong Sam-kiu chops wood to feed the outside stove on which she cooks her meals. Nets and pots hang on the walls, reminders of the days when she fished the local waters for sea urchins. “I will never move to the city,” says Fong, whose husband has died…
Temperatures in Hong Kong on Sunday morning dropped to their lowest so far this year at 16 degrees Celsius (60.8 Fahrenheit), with the local forecaster predicting the mercury will dip to 14 degrees at the end of the week. The Hong Kong Observatory attributed the cool weather along the coast of Guangdong to a “fresh…
A state-owned energy conglomerate is leading a tech consortium to build an offshore “integrated energy island” in southern China, a green power project regarded by scientists as one of the country’s 10 most challenging engineering projects this year. China General Nuclear Power Group (CGN) announced a plan on November 22 to build the integrated facility…
Tropical Storm Toraji may have seemed largely a non-event to those braced for violent weather. What set it apart is that the city’s stock exchange broke with past practice by trading normally. By contrast, the Jockey Club abandoned the last three races of a nine-race card at Happy Valley on Wednesday night ahead of a…
Many have complained about the unbearable heat in Hong Kong over the past couple of months. Perhaps we should review some global data, such as atmospheric carbon dioxide concentration at present. It is still on the rise, having risen above 425 parts per million in July, meaning that our collective decarbonisation efforts to address climate…