“The SFC has serious concerns that Cloudbreak’s initial public offering may have been rigged to create an artificial impression of demand for Cloudbreak’s shares,” the SFC said in a statement on Thursday. The regulator considered the suspension “necessary or expedient to maintain an orderly and fair market” for the firm’s shares and to “protect the…
Samuel Corum/Bloomberg via Getty Images The US announced Wednesday a coordinated operation to dismantle Xinbi Guarantee, a Chinese-language criminal organization accused of processing more than $24 billion in illicit transactions. The Treasury Department characterized Xinbi Guarantee as a platform used by cybercriminals to operate a large online marketplace for fraud and money laundering, Anadolu agency…
itsarasak thithuekthak/Getty Images China has strongly rejected US allegations that leading Chinese artificial intelligence companies have engaged in the “industrial-scale” theft of AI models developed by US counterparts. The response on Wednesday comes after three US federal agencies – the Federal Bureau of Investigation (FBI), National Security Agency (NSA) and the Cybersecurity and Infrastructure Security…
Ride-hailing platform Uber will submit its operator’s licence application in Hong Kong by the end of October, its local general manager has revealed, as the city government moves to regulate the service. The platform also said on Tuesday that Hong Kong residents accounted for the largest share of its users in Macau, months after it…
Operators of over 60 per cent of subdivided flats in Hong Kong have applied for a three-year grace period to give themselves more time to comply with a regulatory regime rolled out six months ago, the housing minister has said. Secretary for Housing Winnie Ho Wing-yin said on Thursday the applications involved more than 70,000…
Hong Kong, a city of overachievers, especially when it comes to the young, is also filled with children who take to social media early. Almost 35 per cent of kindergarten pupils log at least one hour of recreational screen time daily. By the junior forms, 60 per cent exceed the international two-hour daily limit. The…
[The content of this article has been produced by our advertising partner.] On the southeastern rim of the Tengger Desert, where dunes can rise 30 metres high and advance significant metres a year, a private afforestation effort is attempting something larger than tree planting. At Malan Lake in Alxa, Inner Mongolia, founder Mr YUEN Shu…
[The content of this article has been produced by our advertising partner.] When the devastating fire broke out at Wang Fuk Court in Tai Po on 26 November, the response from City University of Hong Kong (CityUHK) did not begin with a strategy memo. “In fact, since the very beginning, it was not a strategy,”…
George suggests that the next emphasis of reform lies in shifting from measurement to data empowered national strategy. At the centre of that transition is the formation of a consolidated strategic commission, designed to align government activity around national priorities. “They’ve done several initiatives which have been very successful, including appointing a central commission for…
The result is a virtual residence structured around four thematic rooms: European Governance, European Economics, European Art and History, and the Room of Enlightenment. “The idea of a house was key, one place that integrates knowledge of Europe and helps students connect politics, economics, culture and history,” they note. The top floor, the Room of…