World News by Wild Rose

Shenzhen Transsion Holdings, the maker of Africa’s bestselling phones, aims to kick off its Hong Kong share offering on Wednesday to raise up to US$500 million ahead of a targeted October 15 listing, according to people familiar with the matter. The company, which already trades in Shanghai and has a market capitalisation of 62 billion yuan (US$9.24 billion), could offer up to 132 million offshore ordinary shares, according to approval documents from the China Securities Regulatory Commission...

Hong Kong will strengthen its regulatory regime and impose stiffer penalties to ensure strong deterrence against building violations, the city leader has pledged, following a series of substandard construction scandals including the latest controversy involving a luxury residential development in Stanley. Chief Executive John Lee Ka-chiu vowed to safeguard the high professional standards of the city’s construction industry on Tuesday in the wake of a debacle involving a house at One Stanley,...

Andreas Meletiou, CEO of Bakai Bank Hong Kong, says the lender chose Hong Kong for its strong links to Central Asia and its position as a leading global financial hub. He speaks on "Bloomberg: The China Show." (Source: Bloomberg)

The owners of 14 subsidised sale flats have applied for a grace period to comply with Hong Kong’s new regulatory regime for subdivided homes, the housing minister has revealed, raising concerns that public resources were being abused. The cases were disclosed on Monday at a Legislative Council housing panel meeting when lawmaker Mark Chong Ho-fung asked Secretary for Housing Winnie Ho Wing-yin about the use of subsidised sale flats as subdivided units for renting. Chong said flats sold under the...

A Hong Kong fertility clinic that had most of its services suspended for mishandling embryo biopsy specimens from two patients has been cleared to fully resume all treatments after implementing improvement measures. The Council on Human Reproductive Technology said on Monday that Heal Fertility in Central could resume all 17 treatment services covered by its licence from Tuesday, after members reviewed the findings of a follow-up inspection and confirmed the clinic had properly implemented the...

The mother of slain Hong Kong socialite Abby Choi Tin-fung has accused her former in-laws of living off her family’s wealth without contributing anything to her grandchildren. Cheung Yin-fa testified in the High Court on Monday about the relationship between her daughter, ex-son-in-law Alex Kwong Kong-chi, and his family in the years leading up to the influencer’s slaying in February 2023. Kwong, 31, his father Kwong Kau, 68, and elder brother Anthony Kwong Kong-kit, 35, are standing trial after...

DFI Retail, the food and beverage unit of Hong Kong-headquartered conglomerate Jardine Matheson, is looking to sell its mall at The Peak, one of the city’s wealthiest neighbourhoods. The entire commercial portion of the Dairy Farm Guildford Road Shopping Centre will be sold via a public tender closing at noon on November 19, according to sole agent CBRE. The property is near The Peak campus of the German Swiss International School. The mall consists of a two-storey retail podium with a gross...

Hong Kong’s largest public hospital, built on the former airport site in Kai Tak, will begin its first phase of operation on Monday after more than a decade of planning and preparation. The South China Morning Post looks at the new hospital’s key features and what its opening means for the city’s healthcare development. 1. What makes Kai Tak Hospital special? With a gross floor area of about 500,000 square metres and 2,400 beds, Kai Tak Hospital will be Hong Kong’s largest public hospital. It...

Hong Kong refrained from setting overly rigid economic indicators in its first five-year plan to avoid fuelling concerns that it was moving towards a planned economy, according to the city’s constitutional affairs minister. The current priority should be hitting targets instead of dwelling on accountability mechanisms for potential shortcomings, Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa said. Tse also emphasised the government’s efforts to explore administrative...

More than 1,500 Hong Kong residents toured the revamped Huanggang Port border crossing on Sunday as authorities pushed ahead with preparations for its opening. A Security Bureau spokesman said that participants took franchised buses or cross-boundary coaches from various districts to reach the crossing and were shown the new port building in groups. “The event effectively enhanced participants’ understanding of the public transport arrangements, immigration and customs clearance and...

The Hong Kong Observatory has issued an amber rainstorm warning, with the signal expected to remain in place until 10pm on Sunday. The weather forecaster issued the warning at 8.20pm. “A few squally thunderstorms are expected to occur over Hong Kong,” a spokesman for the Observatory said. Showers would be heavy at times in the evening. The forecaster also warned that intense gusts reaching 70km/h (43mph) could affect the city. It said there would be flooding in some low-lying and poorly drained...

Despite signs that Hong Kong property prices could have bottomed out and begun rebounding in August, market sources said at least 100 secondary residential homes were sold at a loss in September, up from at least 81 the previous month. Hong Kong’s property market dodged an immediate setback from the US Federal Reserve’s rate increase in September, and agents estimated that home prices could end the year 15 per cent higher than a year earlier. The positive trend, however, did not generally apply...

Hong Kong authorities plan to relax restrictions on indirect advertising for broadcasters amid fierce competition from online and streaming media, the commerce minister has told the South China Morning Post. In a wide-ranging exclusive interview, Secretary for Commerce and Economic Development Algernon Yau Ying-wah said many broadcast operators had requested to review the Generic Codes of Practice for Television to improve the business environment, and the government had responded. “They’re...

Singapore is doing something about uncivilised behaviour on public buses. The city state has started enforcing new regulations that carry an immediate fine of up to S$500 (US$390) if you put your feet up on seats, play loud audio on your phone or make a nuisance of yourself in other ways such as eating, drinking and littering. This aligns with existing rules governing passenger conduct on Singapore’s MRT railway system. Did you know we have long had similar regulations for Hong Kong’s MTR...

Hong Kong could dethrone London as the top choice for arbitration within the next decade given the Asian city’s status as a global fundraising capital for businesses in mainland China and beyond, the head of the Bar Association has said. Jose-Antonio Maurellet, chairman of the Hong Kong Bar Association, told the South China Morning Post on Friday that the city had enjoyed rapid growth in arbitration work, with high-stakes cases attracting elite international legal talent. Hong Kong tied with...

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond 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. Chinese commercial reactor achieves nuclear fusion with clean hydrogen-boron fuel In a first, a Chinese company has achieved high-parameter hydrogen-boron plasma control, marking a “significant and valuable” advance in research into...

Hong Kong’s stock benchmark led losses in Asia as trading resumed after a holiday, pressured by a surge in US yields and disappointment over China’s latest stimulus measures.

Not long after he entered secondary school, Hong Kong youth Jason* was bullied by an older student with triad links. He was relieved when another senior stepped in to protect him. He helped Jason take revenge on the bully, then recruited him into a syndicate. Without undergoing any initiation ritual, Jason paid his protector a red packet to become an informal triad member. Later on, he discovered that the two seniors belonged to the same gang but took orders from different bosses. At first,...

Hongkongers and tourists have packed promenades on both sides of Victoria Harbour hours before Thursday’s National Day fireworks, braving the scorching heat. By mid-afternoon, photography enthusiasts, tourists and residents had claimed spots along the harbour, settling in for the hours-long wait with umbrellas, folding chairs and picnic mats. Authorities expected the 23-minute extravaganza to draw 260,000 people. With the sun beating down, revellers braved the heat to secure the best views of...

Hongkongers flocked across the border on National Day for grocery shopping, massages and the chance to buy giant 60cm-long egg tarts, citing lower prices and a wider variety of leisure activities. Immigration figures showed that about 69,000 residents had left Hong Kong by 10am on Thursday, while the city had already welcomed about 74,000 mainland Chinese visitors. At the Lok Ma Chau Spur Line Control Point, crowds of Hongkongers gathered in the morning to head north, while mainland visitors...

Two power outages hit Hong Kong’s Ho Man Tin, the first lasting more than four hours overnight into Thursday, disrupting hotel operations and about 1,000 households. CLP Power, which supplies electricity to Kowloon and the New Territories, said equipment near Waterloo Road in Kowloon first malfunctioned at 11.18pm on Wednesday, affecting about 1,000 customers. “After CLP Power’s engineering personnel conducted an emergency repair and deployed some mobile electricity generators at the scene, the...

Hong Kong authorities are facing calls to increase the proportion of private housing in selected districts and work more closely with developers to expand accommodation for non-local students. The government forecasts annual demand for non-local student housing at 2,310 flats over the next decade, 45 per cent higher than last year’s estimate, according to the latest Long-Term Housing Strategy progress report, released on Monday. The Housing Bureau attributed the projection to an average annual...

Hong Kong’s media should eliminate falsehoods and expand their global reach, the chief executive has said, urging news workers to serve as “spokespeople” for good stories about mainland China and Hong Kong. Speaking on Tuesday at an event marking the 77th anniversary of the founding of the People’s Republic of China, city leader John Lee Ka-chiu outlined his two expectations for the industry. He first directed media workers to safeguard the truth, dispel falsehoods and exalt the good, invoking a...

Printed circuit board maker Suzhou Dongshan Precision Manufacturing Co. aims to raise $2 billion to $3 billion in its planned Hong Kong listing, according to people familiar with the matter.

Hong Kong is set to welcome 1.29 million mainland Chinese visitors over the National Day “golden week” break, fuelling questions online about what locals and tourists can do during the celebrations. On popular mainland social media platform RedNote, many users have recommended a range of activities, such as visiting the countryside, exploring the Unesco Global Geopark in Sai Kung, cycling and watching fireworks. To help tourists and locals alike, the South China Morning Post shares some of the...

Four companies are set to begin trading in Hong Kong on Tuesday after raising a combined HK$14.4 billion ($1.8 billion), one of the city’s busiest days for new listings in a blockbuster year.

Stronger-than-expected global demand for artificial intelligence-related products has prompted the Trade Development Council to sharply raise its full-year forecast for Hong Kong export growth in 2026 to as much as 47 per cent. The latest revision follows the council in June raising its midyear forecast to 20 per cent growth, from an earlier estimate of 8 to 9 per cent. Its latest survey of the city’s major exporters also found that their business confidence and market expectations had remained...

Hong Kong authorities have launched a one-month consultation to reform the city’s arbitration laws, as part of efforts to enhance its competitiveness as an international dispute resolution hub and advance an objective laid out in its first local five-year plan. The Department of Justice said on Monday that the one-month stakeholder consultation for amendments to the Arbitration Ordinance, which governs the use of the alternative dispute resolution mechanism, would cover four key areas to enhance...

More than a third of Hong Kong’s office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers. The results of the fourth annual Hong Kong occupier survey by the property consultancy pointed to a “growing disconnect between hiring intentions and office expansion plans, as many occupiers continue to absorb growth within their existing premises through more efficient space...

Hong Kong immigration authorities are cracking down on tourists abusing their visas to run unlicensed one-stop shops offering cosmetic, photography and tour guide services. Li Kwing-chiu, a task force commander with the Immigration Department, revealed on Monday that the four women, aged 20 to 31, were arrested for allegedly breaching their conditions of stay by running a one-stop shop that charged several hundred Hong Kong dollars a day for various services. The suspects entered the city on...