GLOBEALERT

Feed

Open sources, classified and cross-checked. 73+ stories.

BUSINESS3d agoHow Hong Kong’s 5-year plan can fuel its financial cloutFinance ministers from 21 Asia-Pacific economies recently met in Hong Kong, the first time the city has hosted them. A practical question sits one level down. Picture the treasury team of a company running its regional business from Hong Kong. It arranges funding in several currencies, pays across markets and manages the risks that follow. Its question is: how can Hong Kong’s services help it operate more efficiently and at lower cost? Those needs are a practical lens for reading the five-year...South China Morning Post
WORLD3d agoHong Kong to overhaul traffic management at Huanggang Port after weekend gridlockHong Kong authorities have announced plans to step up traffic management at the revamped Huanggang Port to prevent a repeat of last weekend’s congestion caused by Halloween and concert crowds. A government spokesman said on Monday night that police would further strengthen road traffic control and management near the crossing. “Depending on traffic flow, they will implement contingency plans and open vehicle buffer zones as needed to effectively channel cross-boundary buses, private cars, and...South China Morning Post
WORLD3d agoHong Kong’s South China Morning Post shines at Asian Media Awards with 6 prizesThe South China Morning Post has won six prizes at the World Association of News Publishers’ (Wan-Ifra) prestigious Asian Media Awards 2026 in Singapore, including a clean sweep for best news photography. The SCMP emerged as a big winner on Wednesday with five gold and one silver for its photojournalism, infographics, design and offerings for young readers. In the best news photography category, senior photographer Sam Tsang’s image of a man whose wife was trapped in last November’s Tai Po fire...South China Morning Post
BUSINESS3d agoHong Kong proposes more homes, less office space at Hung Hom harbourfrontHong Kong authorities have proposed raising the residential share of a Hung Hom harbourfront development to more than 60 per cent by cutting commercial floor space, citing “strong doubts” over market demand for offices. The Development Bureau, which submitted the latest proposal to the Legislative Council’s development panel on Monday, also suggested reallocating residential space from initially planned seaside sites to inland plots near Hung Hom station and Polytechnic University. The move aims...South China Morning Post
WORLD3d ago14 Hong Kong civil servants sue colleague over HK$28.9 million Mark Six winningsA Hong Kong civil servant has been sued by 14 colleagues for HK$28.9 million (US$3.7 million) after he allegedly refused to split a winning Mark Six jackpot. Health inspector Ling Chun-ting allegedly told his colleagues at the Food and Environmental Hygiene Department (FEHD) that they did not deserve a share of the HK$33 million prize drawn on September 5 they had not physically bought the tickets themselves, according to a High Court writ seen by the South China Morning Post on Monday. The...South China Morning Post
WORLD3d agoHow will Hong Kong’s cardboard scavengers survive as prices drop after new policy?The idea of collecting cardboard boxes and used paper in exchange for a few pennies was never something Kuang Su-ling thought she would have to do for a living. It is a laborious occupation that involves working long hours and travelling inconvenient distances, often in difficult outdoor conditions. But Kuang became a waste paper scavenger after she was diagnosed with diabetic eye disease seven years ago and lost her job as a cleaner. “I could not find any other work and I needed money to cover...South China Morning Post
BUSINESS3d agoIn a global first, Hong Kong opens secondary trading for tokenised public fundsThe Hong Kong Securities and Futures Commission (SFC) on Monday approved the world’s first-ever secondary trading of tokenised public funds, reinforcing the city’s push to build the region’s leading ecosystem for tokenised finance. Investors can now trade two tokenised money market funds – the Hong Kong dollar and US dollar versions of the ChinaAMC Digital Money Market Fund – on an SFC-licensed virtual asset trading platform (VATP). “For retail investors, this marks a vital upgrade in time...South China Morning Post
WORLD3d agoThe Weeknd’s ‘Hong Kong’ captures nostalgia for bygone era, video director saysA new viral song by Canadian singer The Weeknd, “Hong Kong”, is a love letter to the city, the director of the accompanying video has said, adding that he believes nostalgia for the late 1980s and early 1990s era is the secret ingredient that has captured the hearts of many. US director Evan Larsen told the South China Morning Post exclusively on Monday that the video was produced in about a week, shortly before its debut at the singer’s concert at Kai Tak Stadium on Saturday as part of his 2026...South China Morning Post
DISASTER4d agoFire breaks out at Hong Kong’s Shek Kwu Chau waste-to-energy plantA fire broke out on Monday at Hong Kong’s waste-to-energy incinerator on an artificial island off Shek Kwu Chau. The blaze started at 12.43pm at the Integrated Waste Management Facilities Phase I and was upgraded to a No 3 alarm at 1.24pm, the Fire Services Department said. A No 3 alarm is the third of five levels, with five the most severe. Higher alarm levels trigger the deployment of more resources to fight a fire. Firefighters deployed two water jets and two breathing apparatus teams to...South China Morning Post
BUSINESS4d agoTop bankers to gather in Hong Kong to learn how the city has been ‘rethinking the playbook’Some 280 global top bankers, including 120 group chairmen and CEOs, will gather in Hong Kong next week to learn how the city has been “rethinking the playbook” to go forward in coming years, Hong Kong Monetary Authority (HKMA) chief executive Eddie Yue Wai-man said on Monday. The top bankers, including Morgan Stanley chairman Ted Pick, Goldman Sachs chairman David Solomon, and Blackstone president and COO John Gray, will attend the city’s fifth edition of the Global Financial Leaders’ Investment...South China Morning Post
BUSINESS4d agoKweichow Moutai Becomes Premier Partner of the Hong Kong Open 2026, Deepening Its Global Presence[The content of this article has been produced by our advertising partner.] In golf, you must hitFrom the Chishui River to the Golf Course Reframing Moutai’s Brand Narrative For Moutai, waiting is not a metaphor, but part of the craft itself. Its production takes one year and eight months, followed by three years of storage, then blending and stabilization; from the start of production to release takes at least five years. Through years of maturation, its initial sharpness gradually gives way to...South China Morning Post
BUSINESS4d agoHong Kong positioned as green gateway for belt and road firms: John LeeHong Kong is well positioned to help companies deploy green services and technologies across belt and road countries, the city’s leader and a mainland Chinese official have said, with authorities noting that at least five enterprises have signed up. They made the remarks at the Belt and Road Green Innovation Conference, which opened in Hong Kong on Monday. It is the first time the event has been held outside the mainland, as the city seeks to act as a bridge for expanding the global market for...South China Morning Post
WORLD4d agoMan falls to death fleeing Hong Kong police raid on suspected drug denA man has died after falling from a building while trying to flee a Hong Kong police raid on a suspected drug den in Yau Ma Tei. The 42-year-old man, surnamed Kwong, was found unconscious outside 385-387 Reclamation Street at about 9.28pm on Sunday. He was rushed to Kwong Wah Hospital, where he was pronounced dead, police said on Monday. At 9.21pm, officers from the Organised Crime and Triad Bureau launched an operation at the building, breaking into a flat suspected of operating as a drug...South China Morning Post
BUSINESS4d agoHong Kong arbitration body eyes Mideast, Africa prospects amid global tensionsAn international arbitration body in Hong Kong is exploring business opportunities in the Middle East and Africa, citing the city’s neutrality and predictability as key draws for new markets amid rising geopolitical tensions. Domitille Baizeau, co-chairwoman of the Hong Kong International Arbitration Centre, said the city had benefited from an overall shift in global business growth from Europe to Asia, with overseas businesses increasingly choosing Hong Kong to arbitrate disputes. The...South China Morning Post
HEALTH4d agoHead of Hong Kong’s new drug regulator pledges to build trust, push innovationThe head of Hong Kong’s new drug regulatory body has pledged to build a fully capable and globally trusted agency that will become a catalyst for medical innovation rather than merely acting as a “miniature version” of existing overseas models. Dr Li Zili, controller of the Hong Kong Centre for Medical Products Regulation (CMPR), said that while many other places in Asia, such as mainland China, Singapore and Japan, had established regulatory agencies long ago, Hong Kong had a distinctive...South China Morning Post
WORLD4d agoHong Kong’s pursuit of top university rankings comes at a costThe latest rankings confirm what many in Hong Kong already know: the city’s universities are exceptional. Five institutions continue to sit among the world’s top 100, reflecting decades of investment, academic ambition and hard work. Yet behind the rankings triumph lies a question that receives far less attention: what happens to the people responsible for that success? As universities compete ever harder for rankings, grants and prestige, academics face growing pressure to produce results on...South China Morning Post
BUSINESS4d agoHong Kong to tighten burgeoning premium financing market as red flags, risks emergeHong Kong’s insurance watchdog is tightening oversight of the city’s booming premium financing market, as the once-niche lending arrangement spreads to lower-tier insurance buyers, while also reviewing regulations, particularly on how insurers evaluate clients’ affordability, according to Insurance Authority executives. Premium financing allows policyholders to borrow money from financial institutions to pay upfront premiums on large life insurance policies, which are commonly used as a wealth...South China Morning Post
WORLD4d agoInterpol’s Hong Kong meeting to consider ‘silver notice’ targeting criminal assetsInterpol will seek approval at its general assembly in Hong Kong next month for a new “silver notice” system to target criminals’ assets and speed up financial investigations into transnational crime. Hong Kong’s police chief also pledged to make financial investigations and scams a top priority in discussions with overseas counterparts during Interpol’s annual meeting, which the city is hosting for the first time. Interpol secretary general Valdecy Urquiza said in an interview in Hong Kong that...South China Morning Post
POLITICS4d agoHong Kong to boost Huanggang Port capacity after Halloween, concert congestionHong Kong’s No 2 official has pledged to open extra clearance counters and vehicle lanes at the recently revamped Huanggang Port control point ahead of peak hours, after Halloween crowds and concertgoers created heavy cross-border congestion. Chief Secretary Eric Chan Kwok-ki, who inspected the Shenzhen Bay and Huanggang ports on Sunday, said he had instructed the Security Bureau to step up advance assessments and passenger flow forecasting. He added that he had directed the Transport and...South China Morning Post
HEALTH4d agoLouie Shum’s death: heart disease in Hong Kong and what to do in an emergencyThe death of veteran Hong Kong stock market commentator Louie Shum Chun-ying has drawn public attention to heart disease, after a police source revealed he had a history of the condition as well as diabetes. Heart disease was one of the leading causes of death in Hong Kong, with more than 6,500 fatalities recorded in 2024, according to the Department of Health. While residents at risk should monitor their health and seek timely medical care, a local cardiologist stressed that bystanders could...South China Morning Post
BUSINESS4d agoHong Kong seeks bigger role for yuan in regional trade, treasury chief saysHong Kong officials held discussions with finance ministers and representatives from economies such as Brunei during last week’s Apec meeting on reducing reliance on the US dollar and expanding the use of local currencies and the yuan for bilateral trade settlement, the city’s treasury chief has said. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu on Sunday also shared lighthearted but telling anecdotes about the intangible gains made by the city from hosting the...South China Morning Post
WORLD4d agoUpgrade or eyesore: why Hong Kong’s Peak light display has hit a snagA controversial lighting project along a walking trail on The Peak is in doubt following mounting complaints that the installations damage Hong Kong’s natural beauty. Designed as one of several new attractions meant to replace a retired light show, the initiative has been criticised by local residents and visitors as counterproductive. The South China Morning Post looks at what has gone wrong with the project. 1. What is the project about? The Tourism Board planned small light installations for...South China Morning Post
WORLD5d agoVeteran Hong Kong stock commentator Louie Shum dies aged 66Veteran Hong Kong stock commentator Louie Shum Chun-ying has died aged 66, with a police source revealing he had a history of heart disease and diabetes. His twin sister confirmed on Sunday that he died on Saturday night at Ruttonjee Hospital in Wan Chai, sharing the news in a post on his social media page. Shum, also known as “Master Shum”, was chief executive of stock brokerage Sincere Securities until his retirement two years ago. He remained active on internet radio shows over the past two...South China Morning Post
WORLD5d agoThe Weeknd wows Hong Kong fans with tribute song sampling Faye Wong classicCanadian singer The Weeknd surprised concertgoers in Hong Kong on Saturday with a new song inspired by the city, evoking nostalgia among local music fans. Abel Tesfaye – the Canadian singer, songwriter, record producer and actor known professionally as The Weeknd – performed “Hong Kong” to tens of thousands of fans at Kai Tak Stadium on Saturday night. It was his first of four concerts in the city as part of the “After Hours Til Dawn Tour” world tour. The crowd reacted with awe and cheers. “Hong...South China Morning Post