Hong Kong has the conditions to become a major hub for virtual assets, rivalling markets like the US and the United Arab Emirates (UAE), but the city’s regulators must act swiftly to realise its potential, according to Zhao Changpeng, founder and largest shareholder of cryptocurrency exchange Binance. In an exclusive interview with the South China…
Rising geopolitical tensions and global security threats continue to put authorities around the world to the test. While the Hong Kong government has rightly sought to enhance readiness and responses to emergencies by conducting counterterrorism exercises over the years, Thursday’s drill marks another milestone in the city’s strategy to defend internal and national security. What…
Discussions with the White House to allow American AI chip company Nvidia to sell a less advanced version of its next-generation GPU chip to China will take time, Nvidia CEO Jensen Huang said on Thursday. When asked about White House talks on Blackwell chip sales to China in a Fox Business News interview, Huang said…
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. What does SpaceX’s Starship test success mean for the US-China moon race? The first successful flight for Starship – the biggest and heaviest rocket ever built – has revived…
Beijing has called on the new US consul general to Hong Kong to uphold the principle of non-interference and respect the city’s rule of law, following the announcement that Julie Eadeh has taken up the role after receiving the central government’s approval. Guo Jiakun, a spokesman for the Chinese foreign ministry, said on Thursday that…
“Long queues lined up at the Government health centres to receive anti-cholera inoculations yesterday when two suspected cases of cholera – a 12-year-old boy and a six-year-old girl – were reported,” the South China Morning Post stated on August 17, 1961. “A Government spokesman said bacteriological tests for the two cases – which were classified…
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. Trump calls criticism of move to admit thousands of Chinese students ‘insulting’ US President Donald Trump on Tuesday defended his proposal to admit hundreds of thousands of Chinese students,…
South Korea passed a bill on Wednesday to ban the use of mobile phones and other digital devices in school classrooms nationwide, as concern grows about the effect of heavy social media use among the youth. The ban, which will take effect from March next year, makes South Korea the latest country to restrict the…
The hottest company in China right now is Cambricon Technologies, an artificial intelligence chipmaker whose stock has surged about 10-fold over the past two years, driven by expectations that it could be a serious challenger to Nvidia in the mainland market. The frenzy over Cambricon, whose stock is trading at an eye-watering trailing 12-month price-to-earnings…
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. Trump says China must ensure rare earth magnets or face 200% tariffs US President Donald Trump said on Monday that China must ensure the US supply of rare earth…