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Tighter scrutiny of Hong Kong IPOs could slow deal flow, analysts say
SCMP •

Tighter scrutiny of Hong Kong IPOs could slow deal flow, analysts say

Securities regulators in Hong Kong and mainland China are doubling down on efforts to raise the quality of Hong Kong initial public offerings (IPOs), which could slow the flow of new listings but would not reduce underlying demand, according to analysts. In an unusual move, the China Securities Regulatory Commission recently asked nine mainland companies, which had already been pre-approved for li...

DeepSeek AI engineer slams Anthropic, OpenAI over ‘pacing’ calls, invokes Nazi Germany
SCMP •

DeepSeek AI engineer slams Anthropic, OpenAI over ‘pacing’ calls, invokes Nazi Germany

A DeepSeek engineer has issued a stark warning about the potential concentration of advanced artificial intelligence and resources in proprietary US developers Anthropic and OpenAI, intensifying a growing debate in China over calls by US industry leaders to “pace” AI development amid safety concerns. The comments preceded an expected meeting between President Xi Jinping and US President Donald Tru...

The world is not so much embracing China as recoiling from Trump’s US
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The world is not so much embracing China as recoiling from Trump’s US

Global surveys show China is now more popular than the United States in most countries. The reality is China hasn’t become more popular, only that Uncle Sam has become odious. Two recent major summits demonstrate precisely why this erosion has occurred. At the Shanghai Cooperation Organisation (SCO) summit in Bishkek, Kyrgyzstan, and the Group of 20 (G20) gathering in the US, the Trump administrat...

China mulls building nuclear-powered tank with 450km-range railgun in 2 decades
SCMP •

China mulls building nuclear-powered tank with 450km-range railgun in 2 decades

Chinese military researchers have outlined an ambitious plan to develop a nuclear-powered main battle tank armed with an electromagnetic railgun capable of hitting targets up to 450km (280 miles) away, possibly debuting after 2045. Detailed in a peer-reviewed paper published in June in the Chinese journal Acta Armamentarii, the concept envisions a 60-tonne armoured vehicle driven by a 10-megawatt-...

China bets on chips and AI in new 5-year road map to challenge US tech dominance

China bets on chips and AI in new 5-year road map to challenge US tech dominance

SCMP •

An intensifying tech race with the United States, along with Beijing’s drive for technological self-reliance, has led China’s leaders to place greater significance and urgency on breakthroughs in sectors ranging from artificial intelligence to integrated circuits and chips in its latest five-year plan for electronics and information technology. The Ministry of Industry and Information Technology a...

Denmark says Russian frigate fired flares at helicopter

Denmark says Russian frigate fired flares at helicopter

SCMP •

Denmark and Russia were at a war of words on Tuesday after Danish authorities accused a Russian frigate of firing flares at a Danish military helicopter. The armed forces said in a statement late on Monday that “one of the air force’s Fennec helicopters was today fired at with flares during a routine photographic operation of a Russian frigate, which was located in international waters off Gedser”...

Iran’s top diplomat heads to China for talks as Middle East diplomacy falters

Iran’s top diplomat heads to China for talks as Middle East diplomacy falters

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Iranian Foreign Minister Abbas Araghchi will meet with his Chinese counterpart Wang Yi in China on Wednesday, amid stalled diplomatic efforts to de-escalate conflicts in the Middle East. The meeting comes during the countdown to Chinese President Xi Jinping’s visit to the United States for a summit next week with his US counterpart Donald Trump, when the war on Iran and disruption of energy shipme...

Mainland Chinese joint venture launches new electric taxi in Hong Kong

Mainland Chinese joint venture launches new electric taxi in Hong Kong

SCMP •

A mainland Chinese joint venture has launched an electric taxi in Hong Kong next month, but a lawmaker warned that the lack of quick charging stations remained the biggest challenge to the government’s target of introducing 3,000 such cabs by next year. SAIC-GM-Wuling, a joint venture between SAIC Motor, General Motors China and Guangxi Automobile Group, on Tuesday unveiled its Darion Taxi, a new ...

EU to propose curbing social media, online games for under 15s

EU to propose curbing social media, online games for under 15s

SCMP •

The European Union is set to propose curbing access to social media, video-sharing platforms, chatbots and online games to children under the age of 15, according to a draft legal document seen by AFP. A proposed new law – to be formally presented on Thursday – would mean banning minors under 15 from opening their own accounts, with a tiered system of access under parental supervision for younger ...

Man arrested after HK$1 million in gems stolen from hotel guest asleep in lobby

Man arrested after HK$1 million in gems stolen from hotel guest asleep in lobby

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Hong Kong police have arrested a man and recovered uncut gemstones worth nearly HK$1 million (US$127,500) that were allegedly snatched from an overseas businessman as he slept in a hotel lobby. The force said on Monday that the suspected theft happened a day earlier while the businessman, a 29-year-old jeweller from Sri Lanka, was in the city for the “Jewellery & Gem World Hong Kong September” tra...

Taiwan tests US-made MQ-9B drones to counter PLA ‘grey-zone’ operations

Taiwan tests US-made MQ-9B drones to counter PLA ‘grey-zone’ operations

SCMP •

Taiwan has begun flight testing its newly acquired MQ-9B drones, giving the island a long-range reconnaissance platform capable of monitoring People’s Liberation Army (PLA) and grey-zone activities across vast stretches of surrounding waters. The first two of four MQ-9B SeaGuardians ordered from the United States took off from Hualien Air Base in eastern Taiwan on Monday, according to military sou...

Who will shoulder the debts behind Indonesia’s China-backed Whoosh railway?

Who will shoulder the debts behind Indonesia’s China-backed Whoosh railway?

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Indonesia’s finance ministry is preparing to absorb debt payments for Whoosh, the China-funded high-speed railway connecting Jakarta and Bandung, in a move officials say will ease financial pressure on the state-owned enterprises that built and operate the line. The government has argued that the burden is manageable after the debt was restructured over 80 years, requiring annual instalments of ab...

Clues in the Blood: Solving the Mystery of Cancer of Unknown Origin

Clues in the Blood: Solving the Mystery of Cancer of Unknown Origin

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[The content of this article has been produced by our advertising partner.]  Imagine a detective who finds clear clues at a crime scene but has no idea where the crime actually took place. Medicine faces this exact mystery: patients can actually be diagnosed with a specific condition called Cancer of Unknown Primary (CUP)—when standard procedures like medical imaging and tissue biopsies fail to id...

85% of Wang Fuk Court owners sign sale deals as flat selection moves ahead

85% of Wang Fuk Court owners sign sale deals as flat selection moves ahead

SCMP •

More than 85 per cent of owners at the blaze-hit Wang Fuk Court have signed agreements to sell their flats to the Hong Kong government as authorities move ahead with flat selection under a special rehousing scheme. Authorities said on Tuesday that 1,702 households – 85.8 per cent of flat owners across blocks A to H at the estate – had signed sale and purchase agreements as of Monday. On the same d...

Malaysia’s ex-PM Muhyiddin acquitted of 4 charges in US$49 million corruption case

Malaysia’s ex-PM Muhyiddin acquitted of 4 charges in US$49 million corruption case

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Malaysia’s former prime minister Muhyiddin Yassin won a significant court victory on Tuesday after he was acquitted of four charges linked to a government programme set up to help contractors during the Covid-19 pandemic. The Kuala Lumpur High Court cleared Muhyiddin of three money-laundering charges and one of abuse of power involving 200 million ringgit (US$49.1 million), after prosecutors said ...

‘Lazy economy’: US$15 monthly rubbish services in China gain popularity, benefitting elderly

‘Lazy economy’: US$15 monthly rubbish services in China gain popularity, benefitting elderly

SCMP •

A new business trend has emerged in China where young people get paid to throw out rubbish for others at a small fee – and it is proving to be a surprising success. While many people consider taking out the rubbish merely an incidental chore, it has evolved into a paid service in China. On social media platforms, some entrepreneurs promote their rubbish disposal services. Their fees range from thr...

‘Doing a North Korea’? Why the Middle East could be entering a new nuclear age

‘Doing a North Korea’? Why the Middle East could be entering a new nuclear age

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The Middle East stands on the precipice of a new nuclear age, with Saudi Arabia set to acquire American uranium enrichment technology and Turkey eager to follow suit, as Iran weighs withdrawal from the treaty that bars it from making atomic bombs. Momentum is building: last week, the United States and Israel both threatened further air strikes against Iran’s nuclear facilities, claiming it was att...

Has a Chinese DF missile been used for the first time in the Middle East?

Has a Chinese DF missile been used for the first time in the Middle East?

SCMP •

Debris from a Chinese-made short-range ballistic missile has been found in Yemen for the first time, suggesting Chinese weapons systems may have been used during the heated conflict between Saudi Arabia and the Houthis. Video clips circulating on social media in the past week showed debris from the booster stage of a short-range ballistic missile with “DF-15A” written on its side found in the Ragh...

Forget AI KPIs: how China’s tech giants are rationing tokens for employees

Forget AI KPIs: how China’s tech giants are rationing tokens for employees

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When generative artificial intelligence first swept through China’s technology sector, workers faced a clear directive from management: use AI and use it often. Consuming vast numbers of AI tokens – the basic unit of computing power needed to process text or write code – became a badge of honour, with companies often viewing a high token count as a sign that employees were productive and taking in...

US judge blocks Trump’s ‘absurd’ visa caps for students, journalists

US judge blocks Trump’s ‘absurd’ visa caps for students, journalists

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A US federal judge on Monday temporarily blocked a new visa cap for international students, visiting scholars and foreign journalists, saying the Trump administration’s national security justification “borders on the absurd”. Judge F. Dennis Saylor in Boston said the rationale for the restriction was “exceptionally weak”, and the connection between the rule and the problems it purported to address...

India scores Brics win with joint declaration despite divides

India scores Brics win with joint declaration despite divides

SCMP •

India scored a diplomatic win at the latest Brics summit, analysts have said, after steering an increasingly unwieldy bloc towards a joint declaration despite deep divisions over geopolitical conflicts and the global order. Observers said New Delhi achieved “pragmatic consolidation” by avoiding forcing members to assign blame for contentious geopolitical issues, keeping the focus on trade, technol...

China urges ‘constructive dialogue’ with EU in high-level call with France

China urges ‘constructive dialogue’ with EU in high-level call with France

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In a phone call with his French counterpart on Monday, Chinese Foreign Minister Wang Yi urged the European Union to avoid escalating trade disputes and engage in “constructive dialogue”. The conversation, requested by French Foreign Minister Jean-Noel Barrot, comes as Brussels tightens investment screening, public procurement rules and anti-subsidy measures, particularly on electric vehicles over ...

Hong Kong airport builds third runway with strategy to help marine environment thrive

Hong Kong airport builds third runway with strategy to help marine environment thrive

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When Hong Kong International Airport (HKIA) set out to build a new runway and associated facilities for the three-runway system operation, engineers had to carefully navigate a challenge hidden beneath the surrounding waters. The project involved 650 hectares (1,606 acres) of reclaimed land adjacent to the existing airport, an area equivalent to about 34 Victoria Parks or 900 standard football pit...

Cambodia, Thailand take US$300 billion seabed dispute to UN

Cambodia, Thailand take US$300 billion seabed dispute to UN

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Months after deadly clashes that cost dozens of lives along their shared border, the foreign ministers of Cambodia and Thailand laid out opening arguments on Tuesday over a different kind of territory: 27,000 sq km (10,400 square miles) of seabed thought to hold a fortune in gas and oil. The venue was the Permanent Court of Arbitration’s Singapore office, where the United Nations Convention on the...

Hong Kong visitor arrivals hit post-pandemic monthly high in August

Hong Kong visitor arrivals hit post-pandemic monthly high in August

SCMP •

Hong Kong has recorded its highest monthly number of visitors since the Covid-19 pandemic, provisional official figures show, with authorities attributing August’s total to a series of international conferences and mega-events. The Hong Kong Tourism Board said on Tuesday that the city received 5.46 million visitors across the month, up 6 per cent from a year earlier and the highest monthly total s...

Indonesian finance minister found out about his firing in mid-meeting phone call

Indonesian finance minister found out about his firing in mid-meeting phone call

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Purbaya ⁠Yudhi Sadewa, who was sacked as Indonesia’s finance minister this week, said on Tuesday he was upset to be removed from his job, but was half expecting the decision. President Prabowo Subianto abruptly removed Purbaya as finance minister on Monday and named his deputy, Suahasil Nazara, to the top finance job, in a move that surprised markets but was ‌also seen as an attempt to restore tru...

Thais stage rare Israel protest; Singapore ministers get pay rise: 7 Asia highlights

Thais stage rare Israel protest; Singapore ministers get pay rise: 7 Asia highlights

SCMP •

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. ‘Not for sale’: Thais take to streets in rare protest against Israel Hundreds of Thais, led by a veteran political activist, rallied outside the Israeli Embassy in Bangkok...

Hong Kong’s employment outlook rebounds sharply to 14% in fourth quarter

Hong Kong’s employment outlook rebounds sharply to 14% in fourth quarter

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Hong Kong employers’ hiring sentiment rebounded sharply for the fourth quarter, with far fewer companies expecting to cut jobs as confidence improved alongside stronger economic growth, according to a ManpowerGroup survey. The international human resources company said the city’s seasonally adjusted net employment outlook rose to 14 per cent, up 23 percentage points from minus 9 per cent in the pr...

Chinese woman’s search for kind former foreign tutor sparks flood of shared memories

Chinese woman’s search for kind former foreign tutor sparks flood of shared memories

SCMP •

A Chinese woman’s quest to reconnect with a former foreign teacher who profoundly influenced her outlook on life has sparked a collective online effort to locate him. Wang Yu, a community worker in Shanghai, graduated from East China Normal University in 2005 with a degree in tourism management. Wang informed the SCMP that the teacher, known only as Evans, was an American who taught her an electiv...