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SCI & TECHJul 1Hong Kong tech chief warns AI will unleash ‘greatest industrial revolution’As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong’s tech chief has warned that AI will “exceed all previous industrial revolutions” and heavily impact graduates and workers in traditional sectors, while pledging to accelerate training and industry development to create new jobs. Secretary for Innovation, Technology and...South China Morning Post
SCI & TECHJul 1As China narrows maths gap with US, Hong Kong bids to host 2030 global eventEven before the world’s top mathematicians gather in Philadelphia in late July for the International Congress of Mathematicians, a high-stakes battle is unfolding over where the global event will next take place. Spearheaded by 1982 Fields Medallist and Tsinghua University professor Shing-Tung Yau, Hong Kong’s bid to host the 2030 congress faces competition from Glasgow and Tokyo. An inspection delegation from the International Mathematical Union (IMU) – the congress’s governing body – completed...South China Morning Post
POLITICSJul 1Hong Kong’s 5-year plan will hinge on how it measures successHong Kong’s first five-year plan will undoubtedly mark a significant milestone for the city. The public consultation launched last month covers a range of issues, such as economic development, innovation and technology, housing, healthcare, education, infrastructure and regional cooperation. The exercise offers a chance not only to discuss what Hong Kong hopes to achieve by 2030, but also how its success should be measured. That second question is perhaps the more important one. Hong Kong has...South China Morning Post
BUSINESSJul 1Fast lane to luxury: Hong Kong developer lures upmarket homebuyers with Mercedes giveawaysA Hong Kong developer is dangling Mercedes-Benz cars to entice buyers of its high-end homes in the Southern district, riding on a resurgence in the luxury property segment. K&K Property partnered with Zung Fu Limited to launch the promotion at One Stanley, an 82-unit project that had attracted wealthy local and overseas buyers seeking privacy, exclusivity and sea views, with the campaign coinciding with the 29th anniversary of Hong Kong’s handover. “This promotion aims to attract potential...South China Morning Post
POLITICSJul 1Hong Kong marks July 1 anniversary with flag-raising ceremony, citywide dealsHong Kong is marking the 29th anniversary of its return to Chinese sovereignty this Wednesday, with businesses and authorities rolling out a range of promotions for the big day. A flag-raising ceremony at Wan Chai’s Golden Bauhinia Square will kick-start the celebrations, with Chief Executive John Lee Ka-chiu, other top officials and prominent figures to attend. After the ceremony, the city leader will give his annual handover speech at a reception held at the nearby Hong Kong Convention and...South China Morning Post
POLITICSJun 30Hong Kong, mainland China to start sharing data this year: tech minister Sun DongAs Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong and mainland China are expected to begin sharing cross-border data within the year, when more companies will start operating in the Hetao innovation hub, the tech minister has revealed. In a wide-ranging interview with the South China Morning Post, Secretary for...South China Morning Post
WORLDJun 30Fallen firefighter Ho awarded Medal for Bravery in Hong Kong’s 2026 Honours ListFirefighter Ho Wai-ho, who was killed in Hong Kong’s deadliest blaze in decades, has been recognised for his bravery in this year’s Honours List, while eminent economist Lawrence Lau Juen-yee is among three recipients of the city’s highest award. Fencer Ryan Choi Chun-yin and cyclist Ceci Lee Sze-wing were also among the 466 individuals named in the 2026 Honours List on Wednesday, with the pair recognised for their achievements at last year’s National Games. Ho was posthumously awarded the Medal...South China Morning Post
POLITICSJun 30Hong Kong private sports clubs must pay land premiums or open doors as leases endHong Kong’s 15 private sports clubs must either pay one-third of their land premium, ranging from tens to hundreds of millions of dollars, or open their doors to the public when their leases expire at the end of the year, authorities have confirmed. The Culture, Sports and Tourism Bureau said on Tuesday that it has begun notifying the clubs and outlining lease renewal procedures, including premium payment requirements. The arrangement, first announced in 2019, ends the long-standing...South China Morning Post
BUSINESSJun 30New Asean Chamber of Commerce launched in Hong Kong will ‘fulfil long-felt need’Setting up a new regional chamber of commerce will “fulfil a long-felt need” to bridge the gap between the Greater Bay Area and Asean, with Hong Kong acting as a “natural connector”, the business group’s inaugural chairman has said. But given existing agreements and bilateral relations between the city and individual member states of the Association of Southeast Asian Nations, analysts said the economic benefits introduced by the new chamber were likely to be more modest than dramatic. The Asean...South China Morning Post
POLITICSJun 30What will Hong Kong’s proposed reforms to sexual offences laws change?Hong Kong authorities have put forward a sweeping overhaul of the city’s sexual offences laws, such as broadening the definition of rape, introducing new offences covering non-consensual acts involving children and persons with mental impairment, setting a uniform age of consent at 16, and removing gender-specific provisions. The proposals, which follow the Law Reform Commission’s reviews of sexual offences over the past decades, are undergoing a one-month public consultation. The government...South China Morning Post
POLITICSJun 30Mainland China revises criteria for settling in Hong Kong, MacauMainland Chinese immigration authorities are standardising their assessment regime for approving residents to settle in Hong Kong and Macau by replacing the previous points-based system with unified criteria, offering applicants more certainty. The National Immigration Administration announced the new criteria on Tuesday and said it would take effect the following day. The current system calculates points based on factors such as how old an applicant is, the age of their parents or how many days...South China Morning Post
BUSINESSJun 30Apple supplier Luxshare seeks up to $3.1B in Hong Kong share saleSeeking Alpha Tech
WORLDJun 30No plans on handover day? SCMP breaks down Hong Kong’s biggest July 1 dealsHong Kong is rolling out a series of discounts, shopping perks, giveaways and countless deals to celebrate the 29th anniversary of the city’s return to Chinese sovereignty on July 1. To get you in the public holiday spirit, the South China Morning Post unpacks what is on offer, from deals on food and drinks to retail goods and public transport. 1. Someone mentioned food? Restaurants are taking the latest anniversary to heart with a 29 per cent discount or special deals on selected menu items...South China Morning Post
WORLDJun 30Hong Kong’s first batch of free PLA ship tour tickets gone within 4 minutesHongkongers have snapped up the first batch of free tickets to visit two PLA naval ships within minutes of their release for a weekend port call in the city. A South China Morning Post reporter observed that the initial batch was gone within four minutes after being released at 10am on Tuesday. On Monday, China’s Ministry of National Defence said a People’s Liberation Army naval task group would visit Hong Kong waters from Thursday to next Monday to mark the 29th anniversary of the city’s return...South China Morning Post
WORLDJun 30Chinachem Group steers first-of-its-kind blueprint for Hong Kong’s green and silver futureLike other advanced cities, Hong Kong faces a range of clearly defined challenges that must be directly addressed in the next few years. Two that stand out are the effects of climate change and the consequences of an ageing population, which, one way or another, will impact every section of society. This means concerted action and practical solutions are required from each branch of industry – and every government department. The route to real and rapid progress is through constant and...South China Morning Post
BUSINESSJun 30Funding option: royalties giant opens Hong Kong base as mainland China biotech deals surgeThe world’s largest buyer of biopharmaceutical royalties has set up its first Asia-Pacific base in Hong Kong, joining a string of multinational corporations in the pharmaceutical sector establishing offices in the city as out-licensing deals by mainland Chinese biotechnology firms hit record highs. Royalty financing gives drug developers an alternative way to raise capital even as US investment restrictions loom, according to an expert. “Chinese biotech firms would need royalty financing as an...South China Morning Post
POLITICSJun 30Hong Kong positioned to link Asean, Greater Bay Area amid geopolitical shifts: John LeeHong Kong is uniquely positioned to connect Asean with the Greater Bay Area and build a “powerful and complementary partnership” amid a shifting geopolitical landscape, the city’s leader has said. Chief Executive John Lee Ka-chiu made his remarks at the South China Morning Post’s GBA-Asean Summit 2026 on Tuesday, which also saw the launch of a new chamber of commerce for the 11-member Association of Southeast Asian Nations in the city. The summit brought together government officials, business...South China Morning Post
BUSINESSJun 30Hong Kong IPOs ride China’s tech wave, but Nasdaq leads way with SpaceX tsunamiHong Kong has surrendered its IPO fundraising crown to Nasdaq following SpaceX’s blockbuster listing earlier this month, but it did so while seeing its IPO proceeds register a year-on-year rise of about 84 per cent in the first half of 2026 – consolidating the region’s position as a primary offshore financial hub for Chinese issuers. A total of 83 companies raised US$26.42 billion on the Hong Kong stock exchange’s main board from January to June, according to LSEG Data & Analytics. The figure,...South China Morning Post
WORLDJun 30Time to establish workplace support for Hong Kong’s high-risk carersNearly a year has passed since Hong Kong launched the first phase of its carer support data platform last July, linking the Social Welfare Department, Hospital Authority and the Housing Authority into a single alert system for “high-risk carers”. These include those receiving a living allowance as low-income carers of the elderly, carers of the disabled and carers of those who live in public housing estates. To date, the platform has flagged over 3,100 cases through hospital alerts. Care teams...South China Morning Post
BUSINESSJun 30Hong Kong beauty operators warn tighter rules may deal ‘blow to our trade’A Hong Kong government plan to tighten regulations on prepaid beauty and fitness contracts has sparked concern among operators, who warn that a rigid refund window and caps on administrative fees ignore operational realities. The government on Monday launched a two-month public consultation on proposed amendments to the Trade Descriptions Ordinance, aimed at strengthening consumer protection amid persistent complaints about unfair practices and high-pressure sales tactics. Key proposals include...South China Morning Post
BUSINESSJun 30Apple supplier Luxshare seeks up to $3.1 billion in Hong Kong share saleApple supplier Luxshare Precision Industry is seeking to raise as much as $24.27 billion Hong Kong dollars ($3.1 billion) through a Hong Kong share sale.CNBC
BUSINESSJun 30Shanghai should step up as finance hub, as Hong Kong ‘not enough’, proposal saysShanghai has been urged to build itself into a hub serving the rising outbound investment needs of Chinese firms, potentially increasing rivalry with Hong Kong as both cities race to augment their status as financial centres. The suggestion by Liu Xiaochun, vice-president of the Shanghai Finance Institute and a senior banker with three decades of experience, was made in mid-June at a closed-door meeting hosted by China Finance 40, a Beijing think tank comprising many top Chinese financial...South China Morning Post
POLITICSJun 29Hong Kong Proposes Reforming Sexual Crime LawsThe proposed amendments also include the introduction of sexual offences relating to children and victims with mental disabilities. The post Hong Kong Proposes Reforming Sexual Crime Laws appeared first on Channels Television.Channels TV
WORLDJun 29Hong Kong cocaine haul hits 361kg in days after police raid another yachtHong Kong police have seized a second cache of suspected cocaine worth about HK$90 million (US$11.4 million) from a pleasure boat in Aberdeen, days after uncovering HK$180 million of the drug in another yacht at the site. Officers from the narcotics bureau on Sunday raided the six‑metre (20-foot) yacht moored near boats targeted in last week’s operation and found about 120kg of cocaine bricks on board. Together with the previous seizure of 241kg of cocaine in a yacht in Aberdeen Typhoon Shelter...South China Morning Post
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