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BUSINESS1d agoHong Kong IA weighs new rules for asset-intensive reinsurance — reportThe Hong Kong Insurance Authority is reportedly considering new regulations for asset-intensive reinsurance. This indicates potential changes in the financial regulatory landscape for the insurance sector.reinasia · united states of america
BUSINESS1d agoHow Hong Kong’s fintech strategy is progressing – and where growth still lagsHong Kong has touted rapid progress in the first year of its five-year fintech strategy, pledging to double down on artificial intelligence and tokenisation even as many initiatives face the challenge of achieving commercial scale. Tokenisation, for instance, had moved from the sandbox “into the real world”, said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), at the city’s annual FinTech Week conference on Monday. Hong Kong had authorised 17 tokenised public funds...South China Morning Post
POLITICS1d agoBeijing urges Hong Kong to bring in more governance talent with integrity, competenceBeijing’s office overseeing Hong Kong affairs has called on the city to improve its systems for nurturing, appointing and managing governance talent as a way to bring in more personnel with integrity and competence into the governing team. In a commentary, the theoretical study group of the State Council’s Hong Kong and Macau Affairs Office (HKMAO) stressed that the city would only enjoy more room to open up and develop when national security was firmly safeguarded. It urged greater attention to...South China Morning Post
BUSINESS1d agoThe Apec moment Hong Kong needs to seizeThe first Asia-Pacific Economic Cooperation (Apec) forum finance ministers’ meeting to be held in Hong Kong focused on openness, cooperation and resilience. These themes go to the heart of a question confronting the city: as globalisation becomes more difficult and the rules and security boundaries governing international markets grow more complex, what can Hong Kong still offer cross-border commerce? Globalisation is not over. Capital still seeks opportunities overseas, while technology,...South China Morning Post
WORLD1d agoJapanese ex-adult film actress recalls ‘terror’ after alleged drugging in Hong KongFormer Japanese adult film actress Mao Hamasaki has spoken out about the “terror” and “harm” of drugs after fighting for her life when she consumed a suspected spiked drink while performing as a disc jockey in Hong Kong on Sunday. Hamasaki, who is recovering in hospital, wrote in Japanese on her social media X account that she would be examined by a psychiatrist on Monday afternoon. “And if all goes well, I should be able to be discharged,” she said. “My consciousness is completely clear, and I...South China Morning Post
BUSINESS1d agoLaunch of global legal body’s office in Hong Kong seals city’s law hub status: John LeeThe opening of an international legal body’s first regional office in Hong Kong will cement the city’s position as a global legal hub, help attract international organisations and talent, and deepen regional legal cooperation, Chief Executive John Lee Ka-chiu has said. Lee was speaking as the International Institute for the Unification of Private Law (Unidroit) officially opened its Asia-Pacific Liaison Office in the city on Monday. The office is the independent intergovernmental body’s first...South China Morning Post
BUSINESS1d agoWhat can Cambridge teach Hong Kong about building university towns?Strong government-industry partnership and interdisciplinary education are what make a university town financially viable and successful, the head of a University of Cambridge college has said, sharing the UK’s experience as Hong Kong develops its Northern Metropolis plan. In an interview with the South China Morning Post, Professor Girish Menon, president of Lucy Cavendish College, said Hong Kong’s cosmopolitan character made it “best placed” to place young people at the heart of its university...South China Morning Post
BUSINESS1d agoHas Hong Kong’s IPO boom hit a wall – or is a year-end rush still to come?Hong Kong’s initial public offering (IPO) momentum has cooled sharply in the fourth quarter amid market volatility and tighter regulatory scrutiny, but industry players say a year-end rush of listings could still help the city secure a top-three global ranking for 2026. The market has slowed significantly since October, with only three new listings, all of which closed below their offer prices on debut. Two other IPO candidates shelved their listings after completing procedures, testing Hong...South China Morning Post
BUSINESS1d agoDrug maker Rohto plans clinical trials in Hong Kong as OASES’ first Japan partnerTop university research, cross-border data exchanges and access to mainland China’s large market have attracted Japanese firm Rohto Pharmaceutical to conduct clinical trials in Hong Kong, making it the first company from the country to partner with the city’s government under a flagship investment initiative. Rohto, known for its over-the-counter eye care and skincare products, is among the latest batch of 18 firms recruited by the Office for Attracting Strategic Enterprises (OASES), a...South China Morning Post
BUSINESS1d agoHong Kong summit to test Wall Street sentiment amid geopolitical strains, tech volatilityWhen hundreds of global finance leaders converge in Hong Kong this week, the question on their minds will be whether traditional investment strategies remain viable against escalating geopolitical friction and the rapid ascent of artificial intelligence. Investors have been keen for an answer – or at least clear clues – given that US President Donald Trump has been threatening a new round of strikes on Iran, and after Friday’s sharp sell-off in technology stocks elevated concerns about the...South China Morning Post
POLITICS1d agoMalvinas and the mirror of Hong Kong: when Thatcher had to yieldLa primera tarea comienza en el continente. Necesitamos un país que ofrezca oportunidades de asociación y pueda mantener compromisos a través de sucesivos gobiernos.Clarín
BUSINESS1d ago‘Less than a minute’: Hong Kong travellers praise Japan’s new tax refund at airportsHong Kong tour groups returning from Japan have praised a smooth roll-out of the country’s new tax refund arrangement that requires travellers to complete refund procedures at airports or ports rather than at shops. Under the “pay first, refund later” scheme, which took effect on Sunday to curb illicit domestic reselling and tax evasion, international tourists must now pay the 10 per cent consumption tax upfront at the counter. Travellers are now required to complete customs verification before...South China Morning Post
POLITICS2d agoClarify crime thresholds and immunity in bid-rigging law: Hong Kong Bar AssociationThe Hong Kong Bar Association has called on the government to clearly define criminal thresholds and resolve whistle-blower immunity rules under its plan to outlaw bid-rigging following the deadly Tai Po inferno. A task force formed by the association, which represents the city’s barristers, spent 10 months reviewing four key areas of law and released a 140-page report on Sunday in the hope of providing direction to address the shortcomings that led to the deadly Wang Fuk Court blaze last...South China Morning Post
DISASTER2d agoResidents were left helpless as Hong Kong departments ‘passed the ball’ on safety complaintsCommittee slams four departments for failure to share information that could have led to removal of fire hazards at Wang Fuk Courtthestar_my · malaysia
POLITICS2d agoHigh Court redevelopment plan ‘not workable’, Hong Kong Bar Association warnsThe Hong Kong Bar Association has warned that a proposed phased redevelopment of the High Court, which could span more than a decade, is “not workable” and risks deterring legal practitioners from joining the bench. The association, the professional body for barristers, urged the government to consider faster alternatives, such as repurposing the existing District Court building. In an exclusive interview with the South China Morning Post on Sunday, association chairman Jose-Antonio Maurellet SC...South China Morning Post
BUSINESS2d agoBig Apple vs Pearl of the Orient? How higher taxes in New York may open door for Hong KongOn November 4 last year, Zohran Mamdani won the New York mayoral election on a promise to make the city more affordable, with expanded social programmes funded in part by raising taxes on the city’s wealthiest residents and most profitable corporations. Nearly a year since his upset victory, he has secured one major piece of that agenda: a surcharge on high-end second homes. He also continues to push for higher corporate and income taxes. The proposals have intensified criticism of Mamdani, a...South China Morning Post
DISASTER2d agoEl Nino, weak monsoon behind Hong Kong’s warmest October in 142 yearsHong Kong sweltered through its warmest October on record, as an extremely strong El Nino, a weak northeast monsoon and a persistent anticyclone aloft over southern China combined to drive temperatures to unprecedented levels, the weather forecaster has said. The Observatory forecaster said on Sunday that the mean maximum temperature for October was 30.5 degrees Celsius (86.9 Fahrenheit), the mean temperature 27.6 degrees and the mean minimum 25.8 degrees – all the highest for any October since...South China Morning Post
WORLD2d agoWheelock's Ricky Wong hosts private screening of documentary on Hong Kong's intangible heritageWheelock Properties vice chairman and managing director Ricky Wong Kwong-yiu, hosted a private screening of the documentary "Intangible Cultural Heritage · One" for friends and team members on Sunday.thestandard_hk · hong kong
WORLD2d agoEx-Japanese adult film actress in intensive care after alleged drugging in Hong KongFormer Japanese adult film actress Mao Hamasaki was admitted to intensive care at a Hong Kong hospital after being allegedly drugged while working in a club in Tsim Sha Tsui on Sunday morning. Hamasaki’s manager published a post on her Facebook page at 5.40am on Sunday morning, with two photos showing her in a wheelchair being taken to an ambulance. The post read “drugged while working”. Hamasaki had performed as a disc jockey at several clubs on Halloween night until the early hours of Sunday,...South China Morning Post
BUSINESS2d ago3 Hong Kong Chinese-language newspapers raise retail prices by HK$3Three Chinese-language newspapers in Hong Kong have raised their retail prices by HK$3 (40 US cents) this month, marking the first sector-wide adjustment in two years. Ming Pao’s price rise took effect on Sunday, increasing its single-copy price from HK$12 to HK$15, up 25 per cent. Two financial broadsheets will follow suit on Monday. The Hong Kong Economic Times (HKET) will raise its price from HK$12 to HK$15, while the Hong Kong Economic Journal (HKEJ) will increase its price by 20 per cent...South China Morning Post
BUSINESS2d agoWill Argentina’s citizenship scheme lure property buyers from mainland China and Hong Kong?Argentina is the latest country seeking to lure investors with an investment-for-citizenship programme, providing another residency and diversification option for the wealthy, including those from mainland China and Hong Kong, according to analysts. Buenos Aires in October announced two principal investment routes for applicants. One is a US$350,000 non-refundable contribution to the National Treasury and a subscription to a US$800,000 government bond created specifically for the programme,...South China Morning Post
BUSINESS2d agoHong Kong’s art trading hub ambitions rest on more than headline salesA Vincent van Gogh painting not shown publicly for more than 60 years recently drew hundreds of people to Sotheby’s Hong Kong. Painted in May 1890, Châtaigniers en fleurs (Chestnut Trees in Flower) is a major work from his Auvers-sur-Oise period and could set an auction record. For three days, Sotheby’s opened the private collection to public viewing in Hong Kong. Its brief stay raises a question about the city’s art hub ambitions: what lasting expertise can be built around a masterpiece that...South China Morning Post
BUSINESS2d agoPump pressure: how rising fuel costs leave Hong Kong drivers running on fumesVan driver Wong Siu-po, 48, felt life was becoming more difficult than ever as rising fuel prices cost him an additional HK$5,000 (US$640) a month, about a third of his monthly income. With an 11-year-old daughter and an unemployed wife to support, he feels the pressure mounting. “I need to work three hours longer per day to make up for the loss of income,” he said. “I will cut down on air conditioning to save costs.” Wong’s plight echoed survey findings showing that nearly 98 per cent of...South China Morning Post
DISASTER2d agoHong Kong man falls from luxury housing complex, striking domestic helper belowA Hong Kong man believed to have accidentally fallen from a height struck a domestic helper on the podium of a luxury housing estate in West Kowloon on Saturday, with the pair sent to hospital. Police said they received a report at 7.43pm that the man had fallen at 1 Austin Road West and landed on the podium, hitting the woman. A police spokesman said both were conscious at the scene, with the man taken to Queen Elizabeth Hospital and the woman sent to Kwong Wah Hospital. He added that...South China Morning Post
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