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SCI & TECHOct 23Fresh Hong Kong graduates feel AI impact as degree pay advantage narrowsFresh Hong Kong graduates are increasingly feeling the impact of artificial intelligence (AI) as they enter the workforce, human resources experts have said, after a survey found the starting salaries for degree holders and sub-degree graduates had narrowed. The results of the latest annual survey by Baptist University found the disparity between the starting salaries of bachelor’s degree and sub-degree graduates narrowed by 17 per cent, or HK$500 (US$63.70), from HK$3,000 last year to HK$2,500...South China Morning Post
BUSINESSOct 22HSBC RedCoin stablecoin launches for 3.3 million PayMe users in Hong KongHSBC will launch its Hong Kong dollar-backed stablecoin in stages from Friday for more than 3.3 million users of its PayMe app, as the bank pushes to bring digital currencies into the city’s mainstream retail and investment markets. HSBC RedCoin, available only through PayMe and the bank’s Hong Kong mobile banking app, would initially support peer-to-peer transfers and peer-to-merchant payments on PayMe, according to head of PayMe Lawrence Li. Users can activate their HSBC RedCoin wallet, with...South China Morning Post
POLITICSOct 22Beijing slams UK’s ‘irresponsible remarks’ on Hong Kong in 6-monthly reportBeijing has slammed “irresponsible remarks” by Britain after a UK report said Hong Kong’s national security law had further diminished the openness that underpinned the city’s success. In the United Kingdom’s latest six-month monitoring report on Hong Kong, released on Thursday, Foreign Secretary Ed Miliband said he was “deeply concerned and disturbed” by the continued imprisonment of former media boss Jimmy Lai Chee-ying, who was jailed for 20 years over national security offences. “We continue...South China Morning Post
BUSINESSOct 22Hong Kong attracts another 18 strategic firms, HK$10 billion in investment pledgedNasdaq-listed fintech company Solana and healthcare giant Johnson & Johnson are among the latest batch of enterprises in artificial intelligence, healthtech and advanced manufacturing to establish or expand operations in Hong Kong, bringing in more than HK$10 billion (US$1.28 billion) in investment to the city. The 18 enterprises signed agreements on Thursday with the Office for Attracting Strategic Enterprises (OASES), a government unit under the Financial Secretary’s Office tasked with...South China Morning Post
WORLDOct 22Hong Kong student gets 10 years for sexually assaulting 4 underage girlsA Hong Kong tertiary student convicted of sexually assaulting at least four underage girls has been sentenced to 10 years in prison, with the judge slamming him as a “very sick individual” who showed no remorse. High Court Judge Andrew Chan Hing-wai on Thursday noted from the assessment reports that Fan Chi-yuen, 22, had shown no remorse or empathy towards his victims. They included a 14-year-old girl who was so distressed after Fan attempted to rape her that she subsequently committed...South China Morning Post
WORLDOct 22Missing lift fire door frames confined to Taizoom, Hong Kong authorities sayInspections into lift safety across Hong Kong have found no missing fire-resistant door frames among contractors other than Taizoom Elevator, authorities said on Thursday, after 338 buildings served by the firm were confirmed to lack the crucial components. The Electrical and Mechanical Services Department offered an update on the checks on Thursday after the government pledged to expand the inspection scope to cover lifts handled by other contractors as well to check whether the problem existed...South China Morning Post
BUSINESSOct 22Hong Kong pay growth slows as Guangdong accelerates, survey findsHong Kong workers received smaller pay rises this year as Guangdong’s wage growth picked up, with the starting salaries of university graduates edging closer to those of sub-degree holders, an annual survey has found. Hong Kong’s Baptist University released the findings of its 2026 Guangdong-Hong Kong-Macau Greater Bay Area Pay and Benefits Survey on Thursday. It showed that companies in Hong Kong and Macau slowed pay rises this year. Meanwhile, Hong Kong’s unemployment rate rose by 0.1...South China Morning Post
DISASTEROct 22Super Typhoon Champi: Hong Kong airlines cancel at least 12 Taiwan, Japan flightsAirlines in Hong Kong have cancelled or rescheduled more than a dozen flights to and from Taiwan and Japan due to Super Typhoon Champi, with further disruption expected in the coming days. Budget carrier HK Express announced it would cancel 10 flights between Hong Kong and Taiwan on Friday, with six serving Taipei and two each serving Taichung and Kaohsiung. Four other flights serving Taichung and Kaohsiung have been postponed until Saturday. The airline said it was notifying affected passengers...South China Morning Post
BUSINESSOct 22Hong Kong port needs a new lease of life in value-driven eraHong Kong’s surging exports amid recent global trade shifts and tariff measures are reason to celebrate. However, they have not reversed the decline in the city’s port’s container throughput, which hit 12.99 million 20-foot equivalent units in 2025, down 5.1 per cent year on year. To address public doubts over the city’s standing as an international shipping centre, Hong Kong’s first five-year plan seeks to transform the maritime hub from being throughput-driven to value-driven. The policy...South China Morning Post
HEALTHOct 22Falling child vaccination rates raise concern as Hong Kong flu deaths riseA senior Hong Kong health official has warned of a higher risk of influenza infection as vaccination rates fall and the city’s summer flu season stretches on, following the death of a second unvaccinated child from the virus. Centre for Health Protection controller Edwin Tsui Lok-kin issued the warning as Hong Kong’s current flu season, which began in June, showed no sign of easing. He said authorities were monitoring possible changes in how the virus spreads after two consecutive summer flu...South China Morning Post
POLITICSOct 22Hong Kong’s Bay Area visionDownload the PDF This is the fifth in a series of factsheets about Hong Kong’s first five-year plan and the 2026 policy address. Click here to view the other factsheets. The series has been produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This factsheet will appear in the SCMP print edition on October 26. You can find the newspaper at newsstands and convenience stores. For inquiries, contact...South China Morning Post
BUSINESSOct 22Receivers to sell mainland developer Shimao’s 2 Hong Kong hotels for US$344 millionReceivers of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have agreed to sell the dual-branded complex, which together comprise the city’s third-largest hotel by room count, for HK$2.7 billion (US$344 million), Shimao Group announced on Thursday. In a filing to the Hong Kong stock exchange, the distressed mainland Chinese developer said the buyer was Oceanfront Hong Kong Limited. Oceanfront is owned by, among others, investment vehicles associated with ParkCity Group,...South China Morning Post
POLITICSOct 22Hong Kong ranks 24th in global rule of law index as overall score fallsHong Kong has been ranked 24th in the latest global rule of law index, despite slipping slightly in the fundamental rights and criminal justice categories. The index, released by the World Justice Project on Wednesday, showed the city remained among the world’s top 10 for “absence of corruption” and “order and security”, rising to seventh in the latter category. The organisation said the global erosion of the rule of law slowed in 2026, but the overall decline continued, with 62 per cent of the...South China Morning Post
POLITICSOct 22Hong Kong’s Bay Area visionThis is the fifth in a series of factsheets about Hong Kong’s first five-year plan and the 2026 policy address. Click here to view the other factsheets. The series has been produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This factsheet will appear in the SCMP print edition on October 26. You can find the newspaper at newsstands and convenience stores. For inquiries, contact printsupport@scmp.com.South China Morning Post
SCI & TECHOct 22An AI apocalypse? Hong Kong’s real challenge is much less dramaticFor many of us, artificial intelligence (AI) started out as something to play with. We asked it to write poems and arrange our calendars; we shared its more entertaining mistakes. Then it became something to believe in: an escape from drudgery, an assistant to every profession, even perhaps the start of a new industrial revolution. Now it is something to fear. The progression has been astonishing. Governments are scrambling to draw up AI strategies, companies are reorganising operations and...South China Morning Post
BUSINESSOct 22Sovereign wealth funds' China and Hong Kong investments surge 190% after a bruising slumpSovereign wealth funds are pouring billions of dollars back into China after a sharp investment slump.CNBC
HEALTHOct 22Health warning over beauty jabs using dead people’s skin following Hong Kong raidsExperts have warned of the infection risks associated with an anti-ageing beauty treatment known as “cadaver-derived skin injection” amid growing interest in the treatment, as authorities crack down on beauty premises offering services with unregistered products. The warnings came a day after the Department of Health revealed it had seized vials of an injectable product called Elravie Re20, which claims to contain human tissue, following raids on four beauty premises in the city on Friday and...South China Morning Post
BUSINESSOct 21Could Hong Kong’s student housing boom lure property giants off the sidelines?Hong Kong’s largest landlords and developers could get their first formal route into the rising student accommodation market after the government announced plans to tender land for a purpose-built student hostel this quarter, according to analysts. Development Secretary Bernadette Linn Hon-ho announced on Thursday the inclusion of a 1,100 square metre (11,840 square foot) site for student accommodation as one of two land tenders in the October to December quarter. The plot – at the junction of...South China Morning Post
WORLDOct 21“Talent in, Impact Out”: Inside The Education University of Hong Kong's vision for an interconnected world of talent and expertise[The content of this article has been produced by our advertising partner.] The Education University of Hong Kong (EdUHK) pursues a dual internationalisation strategy: attracting talented students, scholars and researchers from around the world while exporting educational and research expertise to communities beyond Hong Kong. “We live in an interconnected world that goes beyond the West, and it should be viewed as a highly connected whole,” says EdUHK President Professor John Lee Chi-Kin....South China Morning Post
WORLDOct 21Suspicious letters containing white powder sent to 2 Hong Kong media outletsHong Kong police are investigating after two local media outlets received suspicious letters containing white powder – believed to be crushed oatmeal – sent from the United Kingdom. Police said that at around 3pm on Wednesday, online media outlet HK01 received an airmail letter delivered from the UK at its Kwai Chung office. Staff at the office in Tower 1 of Ever Gain Plaza opened the letter and found suspicious white powder inside. They subsequently called police. The police force deployed...South China Morning Post
POLITICSOct 21Hong Kong semi-private schools admit 20 more non-local students under expansion schemeAbout 20 more non-local students have been admitted to Hong Kong semi-private schools under a government scheme to boost the city’s status as an international education hub, with a principal urging authorities to do more to promote the initiative to prospective pupils. Education authorities said on Wednesday that the non-local students holding student visas this year came from countries including Thailand, South Korea, Singapore, the United States and several European nations. Ida Lee Bik-sai,...South China Morning Post
POLITICSOct 21Hong Kong’s Election Committee race: more contests, familiar faces and what comes nextNominations have closed for Hong Kong’s Election Committee election, setting the stage for the November 22 poll. The poll, the second since Beijing overhauled the city’s electoral system to ensure patriots rule Hong Kong, will return 1,500 members who will nominate and vote in next year’s chief executive election. Here’s all you need to know about the 2026 Election Committee Subsector Ordinary Elections, now that nominations have closed: from the hopefuls’ line-up and the heavyweights in the...South China Morning Post
BUSINESSOct 21Hong Kong’s SHKP sells 128 Sierra Sea flats ahead of possible US rate increaseSun Hung Kai Properties (SHKP), one of Hong Kong’s largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end. By 5.40pm on Wednesday, SHKP had found buyers for all 128 flats offered at listed prices in Phase 2C(2) of the development in Shap Sze Heung, between Sai Kung and Ma On Shan, according to agents. Sales began at...South China Morning Post
BUSINESSOct 21Attitudes shifting in Hong Kong’s favour as city reaps Apec benefits: Paul ChanHong Kong has reaped the benefits of the Apec finance ministers’ meeting with foreign political leaders broadly supporting cross-border digital finance development and showing renewed appreciation for the city, Financial Secretary Paul Chan Mo-po has said. Following the conclusion of the two-day milestone meeting on Wednesday, Chan said senior officials and representatives had discussions in a sincere and open manner over macroeconomic, fiscal and financial policy, with the overall feedback from...South China Morning Post
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