At least 17 Republicans have shown they're interested in the 2024 presidential nomination, even though Trump has already declared he's running.

It's beginning to look a lot like 2016. 

Former President Donald Trump is the only Republican so far who has announced a 2024 presidential run, but numerous others are signaling that they're toying with the same idea. 

They're doing all the things they're supposed to do to test their chances: Visiting early primary states, writing books, showing up on the Sunday shows, campaigning with other Republicans ahead of the 2022 midterms, and weighing in publicly on President Joe Biden's policies — and even Trump's latest controversies. 

The next step will be hiring teams in Iowa and New Hampshire, Doug Heye, a longtime GOP aide and strategist, told Insider.

"You have got a stable of people who are essentially putting themselves all in the starting gates and all have their own timetable about when and if they decide to run," he said. 

December would be a "frustrating month" for political watchers because "no one is going to move that much," said Kristin Davison, vice president and general consultant at Axiom Strategies. But hopefuls would be floating what she called "trial balloons" — in which they publicly raise the prospect of a run to see how donors and the press will react. 

Whoever seizes the nomination will likely face Biden, though he has yet to formally declare his candidacy. But, Heye said, "it's a real possibility" that the GOP lineup will be large like it was in 2016.

The stakes for losing the nomination aren't all bad, even if Republicans might come out of it with an unforgettable Trump nickname. After all, one of the people running for president could end up getting chosen as running mate or get a seat on the new president's Cabinet.

And there are other perks to formally seeking the White House, such as raising one's profile and having a better shot at the presidency during a future cycle. Candidates could also wind up selling a lot more books or leave politics to get a prime TV or radio show. 

"It's a long, difficult process," Heye said, "and you're more likely to lose than not."

Trump's legal, political, and personal liabilities have been piling up in the last month, leading many in the GOP to say the party needs not just a fresh face but to be led by a candidate who can actually win. 

Insider identified 17 people who could seek the Republican nomination in 2024, including Sens. Ted Cruz of Texas, Josh Hawley of Missouri, and Tim Scott of South Carolina who are up for re-election this cycle and will therefore be in campaign mode anyway. Each will have to effectively answer the "why I'm running for president" question and find their lane in the party — which will inevitably include defining, or redefining, their relationship with Trump. 

"I don't think you can discount any of them at this point," Heye said. "It's too early to determine who outside of Trump is a frontrunner." 

Scroll through to see the lawmakers listed here in alphabetical order. 


Outgoing Rep. Liz Cheney of Wyoming
Rep. Liz Cheney, a Republican of Wyoming, campaigned with Rep. Elissa Slotkin, a Democrat of Michigan, at an Evening for Patriotism and Bipartisanship event on November 1, 2022 in East Lansing, Michigan.


Cheney, 56, is the daughter of former Vice President Dick Cheney and one of Trump's toughest Republican critics.

She voted to impeach Trump after the January 6, 2021, attack on the US Capitol, and served as vice chair of the House select committee investigating Trump's efforts to overturn the 2020 election.

Cheney's actions have come at a cost under the heavy weight of Trump's ire. House Republicans punished her by stripping her of her leadership post, and she lost her US House seat to Trump-backed GOP challenger Harriet Hageman during the state's August primary.

But she hasn't been deterred. Cheney said on NBC's "Today" that she would do "whatever it takes" to keep Trump out of the White House in 2024, including "thinking about" running for president herself. "I wouldn't be surprised to see her run for president," Republican Sen. Mitt Romney of Utah told Insider in August. 

Cheney voted with Trump on policy when he was in office, and remains a conservative, telling the Reagan Foundation and Institute in June that she believes "deeply in the policies of limited government, of low taxes, of a strong national defense." 

But Cheney said she sees a breaking point with the Republican Party, telling the Texas Tribune Festival in September that she would leave the GOP if Trump became the 2024 nominee.

This could mean she'd run for president as an Independent. Already, she has shown she's willing to campaign against Republicans who falsely deny that Biden won the 2020 presidential election.

This year, Cheney converted her House campaign finance committee into an anti-election denier leadership PAC called The Great Task. The PAC spent $500,000 on a TV ad in Arizona that urged voters to reject Republicans Kari Lake and Mark Finchem, who were running for governor and secretary of state, respectively. 

During the 2022 midterms, Cheney endorsed incumbent Democratic Reps. Elissa Slotkin of Michigan and Abigail Spanberger of Virginia. Both won their races. 

"We had to make sure that we prevented election deniers from taking power," she told The Washington Post's Global Women's Summit in November. 

Many outsiders see long odds for Cheney, though a poll conducted in Utah found she could be a top contender there. 


Outgoing Rep. Adam Kinzinger of Illinois
Rep. Adam Kinzinger, R-Ill., speaks as the House select committee investigating the January 6 attack on the US Capitol holds a hearing in Washington, DC, on July 21, 2022.


Like Cheney, Kinzinger, 44, has spent much of the last year focused on the January 6 committee and drawing Trump's ire. He's the only other Republican on the House committee investigating the riot, and will be retiring from his seat at the end of this Congress, after six terms. 

Kinzinger told HuffPost in April that he "would love" to run against Trump for the 2024 GOP nomination, but more for the fun of it than to actually win.

"Even if he crushed me, like in a primary, to be able to stand up and call out the garbage is just a necessary thing, regardless of who it is," he said. "I think it'd be fun."

In a move that could be signaling he's planning on doing just that, Kinzinger in early 2021 launched his anti-election denier leadership PAC, called Country First. 

Kinzinger sponsored several bills that became law, including measures to prevent opioid addiction and a bill to help veterans with medic training transition to EMT work as civilians. Kinzinger served in the Air Force and remains a pilot in the Air National Guard. 


Sen. Ted Cruz of Texas
Sen. Ted Cruz, a Republican of Texas, speaks at a rally for Republican Senate candidate Herschel Walker on November 10, 2022 in Canton, Georgia.


Cruz, 51, was the last Republican standing against Trump during the 2016 presidential nomination and had even announced that he'd pick former Hewlett-Packard CEO Carly Fiorina as his running mate. 

But Cruz — whom Trump nicknamed "Lyin' Ted" — lost following a nasty primary in which Trump levied highly personal attacks against the senator, including disparaging his wife's looks and falsely suggesting that Cruz's father had something to do with the assassination of President John F. Kennedy. 

Once Trump was in office, however, Cruz was one of the president's biggest defenders. He voted to overturn the 2020 election results in Arizona and Pennsylvania and helped to secure Trump's acquittal in his second impeachment trial. 

In recent months, Cruz has been spending time in New Hampshire and campaigned with retired football star Herschel Walker in the Georgia Senate runoff. 

While in the Senate, Cruz led the successful effort to zero out the unpopular fine on the uninsured created by the Affordable Care Act.

More recently, Cruz used Ketanji Brown Jackson's Supreme Court confirmation hearing to score points for a potential 2024 run, questioning her about school curriculum on race. Before coming to Congress, Cruz was solicitor general in Texas, a role that involves arguing cases before the Supreme Court. 

When Insider asked whether Trump's latest missteps had provided an opening for him to jump into the 2024 presidential race, Cruz chuckled a bit before laying out what sounded like a near-term agenda. 

"I think the Senate is the battleground … and I'm going to do everything I can to lead the fight right here," Cruz told Insider before launching into a tirade about his mounting frustration with Senate Minority Leader Mitch McConnell's decision making. He made no specific mention of 2024, but also didn't work in the word "no" anywhere.

Cruz told the Republican Jewish Coalition in Las Vegas that he'll seek reelection in Texas in 2024 when his term is up, though state law allows him to run for both offices at the same time.


Former Gov. Chris Christie of New Jersey
Former New Jersey Gov. Chris Christie speaks at an annual leadership meeting of the Republican Jewish Coalition Saturday, November 19, 2022, in Las Vegas.


Christie, 60, is famously said to have missed his moment for the White House because he didn't run for president when he was getting a lot of attention as New Jersey's governor in 2012, and instead fizzled out in 2016 when faced with Trump and numerous other contenders. 

But that hasn't stopped him from weighing another go at it. As recently as October, during an appearance on "Real Time with Bill Maher," Christie confirmed that he was considering a 2024 run.  

In the last 18 months, Christie has been prominently involved in midterm campaigning and on the same speech circuit as other GOP hopefuls, including the Ronald Reagan Library in Simi Valley, California. 

He also put out a book in 2021, titled "Republican Rescue: Saving the Party From Truth Deniers, Conspiracy Theorists, and the Dangerous Policies of Joe Biden." 

Christie served two terms as a Republican governor in a blue state where Democrats controlled the legislature. In that role, he expanded Medicaid under Obamacare and passed bail reform.

But he got flak over a handshake with then-President Barack Obama during Hurricane Sandy relief efforts, and was hurt politically after members of his administration created traffic jams on the George Washington Bridge.

Christie became a lobbyist in 2020, when he had several healthcare clients but cut ties a year later, according to the lobbying disclosure database, in what could be a sign that he's lining up for a run.   

Today, Christie blames Trump for the GOP's losses the last three election cycles and spent months saying Republicans "have to be the party of tomorrow, not the party of yesterday" if they ever want to win another election. 

His tone on Trump is a stunning turnaround for a man who was one of Trump's closest outside advisors when he was in the White House and was even on the shortlist to be Trump's chief of staff. 

Christie turned on Trump after January 6, saying the president violated his oath of office. 

More recently, he told The New York Times that Trump's candidacy was "untenable" and that the former president had had "poor judgement" after he dined at Mar-a-Lago with white supremacist and Holocaust denier Nick Fuentes. He also told the Washington Examiner that Republicans "fail the leadership test" when they don't call out Trump. 


Gov. Ron DeSantis of Florida
Republican gubernatorial candidate for Florida Ron DeSantis speaks during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022.


DeSantis, 44, has an enviable mantle for the presidency in the Florida governor's office — and he's making the most of it. 

He famously and unapologetically reopened Florida during the COVID-19 pandemic, before federal health officials said he should. He banned certain teachings on race in workplaces and schools, and flew unsuspecting migrants from Texas to Martha's Vineyard, Massachusetts. 

DeSantis also signed a contentious parental involvement and sex ed bill into law that critics call "Don't Say Gay." Instead of backing down over the outcry, he punished Disney for threatening to repeal it.

Then there were the historic tax cuts in Florida with promises of more as well as viral videos bashing what he calls the "corporate media." 

All of these actions have portrayed the governor as a fighter. 

That's not the only part of his public persona on display. Often in tow is his beautiful, young family. His former newscaster wife, Florida's first lady Casey DeSantis, has been instrumental in his rise. To the New York Post, pictures of the DeSantis family on Election Night was "DeFuture." Others see a conservative JFK. 

But the politician DeSantis most often gets compared to is Trump. Numerous news profiles have described DeSantis as "Trump without the baggage," or as a more disciplined Trump. 

Yet after leaning on Trump during his first gubernatorial victory in 2018, DeSantis showed he could win big on his own, scoring a historic, 20-point victory in Florida in November without Trump's endorsement.

As for presidential clues, DeSantis is also out with his first memoir in February: "The Courage to Be Free: Florida's Blueprint for America's Revival." During the midterms, he extended goodwill to other Republicans by campaigning with them. Back at home, he raked in a record amount of cash for a gubernatorial race. 

If the GOP primary were decided today, numerous polls show, DeSantis is the only person that gets close to Trump. DeSantis, a former conservative House member, has not pledged to serve out all four years of his second term. 

All of that has angered Trump. He has called DeSantis "Ron DeSanctimonious" and threatened to release damaging information about the governor. 

DeSantis has refused to punch back at Trump publicly, instead blaming the media and saying, "When you're leading, when you're getting things done, you take incoming fire."


South Dakota Gov. Kristi Noem
South Dakota Gov. Kristi Noem speaks during the Conservative Political Action Conference in Dallas, Texas, on July 11, 2021.


Noem, 51, has been on a Trump-related roller coaster ride as of late. 

In January 2021, the embattled former president tried to get her to primary fellow South Dakota Sen. John Thune, a lawmaker Trump took to calling a RINO (which stands for "Republican in name only") after Thune balked at his baseless claims of election fraud. Noem bowed out of joining Trump's revenge campaign, opting to focus on her own re-election plans. 

Once 2022 rolled around, she leaned hard into the GOP culture wars, promising voters that she'd bar transgender athletes from participating in women's sports, stamp out any "critical race theory" instruction in local schools, and decimate any "radical political ideologies" that annoyed her evangelical Christian base.

Come July, Noem told CNN she'd be "shocked" if Trump tapped her to be his 2024 running mate. But she didn't rule out sliding into the VP slot — or mounting a challenge of her own. 

Since winning a second term in November, Noem has started taking on bigger foes, including the People's Republic of China.


Her state government-wide ban against the use of social media app TikTok scored her fawning interviews on conservative outlets including Fox News and Newsmax, beaming her into the homes of potential admirers who don't happen to reside in the Mount Rushmore State. 

Noem seems far less enthusiastic about Trump these days, telling reporters that the twice-impeached, scandal-plagued former president isn't Republicans' "best chance" at retaking the White House in 2024. She issued this prediction just days after Trump announced he was running again.  


Former UN Ambassador Nikki Haley
Former UN Ambassador Nikki Haley during a news conference in Allentown, Pennsylvania, on Wednesday, October 26, 2022.


Haley, 50, has made it clear she's interested in the presidency. 

At the Republican Jewish Coalition in November, she told the crowd she was thinking about a presidential run "in a serious way" and would announce a decision "soon."

"I've won tough primaries and tough general elections," she said. "I've been the underdog every single time. When people underestimate me, it's always fun. But I've never lost an election. And I'm not going to start now." 

The remarks were a turnaround from Haley's comments last year, when she said she wouldn't run for president if Trump were to seek the White House in 2024. Haley said at a Turning Point USA event that she'd take the winter holidays to make a decision. 

Early in her career, Haley joined her family's clothing business before leading the National Association of Women Business Owners.

She served in the South Carolina House for three terms then was the state's governor for six years. In that time Haley delivered the GOP response to Obama's 2016 State of the Union Address.

She pushed for the removal of the confederate flag from the South Carolina capitol after a gunman killed nine Black people at Emanuel Church in Charleston. 

Also as governor, Haley would not support a bill requiring transgender people to use the restroom that corresponded with the gender on their birth certificate. But in 2021 she wrote a commentary in the National Review saying transgender inclusion in sports was an "attack on women's rights."

Haley was UN Ambassador under Trump for two years, and successfully pushed for the US to move its Israeli embassy to Jerusalem and defended Trump's decision to do so.

In 2019 she published a memoir, "With All Due Respect: Defending America with Grit and Grace." 

Her experiences give her the coveted pairing of having both executive and foreign policy chops, which are often viewed as crucial to the presidency. Aside from Trump and Pence, few other contenders would have such a profile. 

As a woman of Indian descent, she could also help bring in suburban women voters who graduated from college and expand the GOP coalition among people of color. 

Her nonprofit group, called Stand for America, Inc., is seen as a campaign in waiting and raised about $8.6 million in 2021, according to Politico. And she founded the Stand for America PAC after her time in the Trump administration. 

Haley campaigned and fundraised in high-profile races during the 2022 midterms, including in Pennsylvania and Georgia. Haley told the National Republican Committee the day after the January 6 riot that Trump was "badly wrong" in his speech to supporters and that his "actions since Election Day will be judged harshly by history."


Sen. Josh Hawley of Missouri
Senator Josh Hawley (R-MO) speaks during the confirmation hearing for Judge Ketanji Brown Jackson on March 22, 2022


Hawley, 42, has reached for the spotlight whenever possible while Congress is in session.

From famously saluting the January 6 protestors on the day of the violent siege at the Capitol to holding Brown Jackson's feet to the fire as she raced to join the Supreme Court, the first-term lawmaker works to portray himself as the perennial outsider who's only here to shake things up. 

He's played up the part by voting to overturn the 2020 election results on behalf of MAGA vote-magnet Trump, butting heads with McConnell on the way the upper chamber is run, and blaming short-sighted leaders for running the party into the ground. 

"When your 'agenda' is cave to Big Pharma on insulin, cave to Schumer on gun control & Green New Deal ('infrastructure'), and tease changes to Social Security and Medicare, you lose," Hawley, bemoaned on Twitter following a demoralizing midterms performance by flawed GOP candidates, which he blamed on "Washington Republicanism." 

The potential 2024 contender followed up with some suggestions, floating an alternative vision he said would help "unrig the system."   

"What are Republicans actually going to do for working people? How about, to start: tougher tariffs on China, reshore American jobs, open up American energy full throttle, 100k new cops on the street," Hawley, who was also Missouri's former attorney general, tossed out on his social media feed. 

Asked by Insider about his intentions of formally jumping into the 2024 presidential race, Hawley laughed out loud for a few seconds. 

"I hope to run for reelection to the Senate in 2024. If the people of Missouri will have me," he said. Nowhere in there did Hawley say "no." 


Outgoing Gov. Larry Hogan of Maryland

Gov. Larry Hogan of Maryland.

Even before the bruising 2022 midterms, Hogan, 66, was warning that

Republicans couldn't continue down the path they are on.

"I am not about to give up on the Republican party or America," he wrote on Twitter in early December. "None of us can. It's too important."

The two-term governor who beat a 2015 cancer scare has been fired up about plotting his next act. 

Hogan, a centrist Republican, is already making the rounds in early primary states such as Iowa and New Hampshire. A nonprofit group aligned with him reported raising $2 million in 2021, some of which was spent on "supporter acquisition" and "audience building." 

And Hogan recently scored some face time with GOP mega donors at this year's Republican Jewish Coalition leadership meeting — mentioning to political reporters covering the event that he and other potential 2024 hopefuls were there because "maybe there's a little blood in the water." Trump was notably absent at the event, but did video-conference in. 

As governor, Hogan signed a gun control bill into law and has said that while he opposed abortion, he wouldn't move to gut the state's guarantee on reproductive rights. During the COVID-19 pandemic he instituted a statewide mask mandate, then lifted restrictions in May 2021. 

While he has yet to formally declare a 2024 run, Hogan has begun billing himself as a "commonsense conservative" who GOP voters sick of losing may want to consider.

"I think there are 10 people who want to be the next Donald Trump, and I think there may be a different lane," Hogan said while stumping in Manchester, New Hampshire, adding, "I'm going to do everything I can to get the country back on track." 

He cast a write-in vote for Reagan in the 2020 election and called for Trump to be impeached or resign after January 6. 


Outgoing Gov. Asa Hutchinson of Arkansas
Arkansas Gov. Asa Hutchinson attends the National Governors Association summer meeting, Friday, July 15, 2022, in Portland, Maine.


Hutchinson, 72, hasn't been shy about criticizing Biden or Trump. 

After Trump's 2024 announcement, he said the former president's "self-indulging message promoting anger has not changed," and also disavowed the Fuentes and Ye meeting at Mar-a-Lago.

Hutchinson has taken at least five trips to Iowa through America Strong & Free, the nonprofit of which he's the honorary chairman and spokesperson.

"I am seriously looking at a run in 2024 because America and the Republican Party are not in the best place," he said in a statement provided to Insider. "I know how to get us back on track both in terms of leadership and facing the challenging issues of border security, increased violent crime and energy inflation." 

He'll make a decision in January, he told KARK.

As governor for the last eight years, he has pushed to make the state a leader in computer science, and signed several tax cuts into law, including lowering the state income tax rate from 7% to 4.9%. 

Hutchinson also signed bills into law blocking businesses from requiring customers and workers to show proof of COVID-19 vaccinations, and blocked state and local officials from obligating masks — a move he later said he regretted. He asked state lawmakers to create a carve-out for schools, but the Arkansas House rejected the proposal. 

While he signed an abortion ban into law in 2019 that took effect after the Supreme Court overturned Roe v. Wade, he said on CNN that he personally believes in exceptions for rape and incest.

"Many out there appreciate a 'consistent conservative,' even one they don't agree with all the time," Hutchinson told Insider. "I am not interested in the 'outrage of the day,' and I am committed to using my consistent conservative principles to guide me and our nation on important policy decisions." 

Hutchinson began his government career as a US attorney for the Western District of Arkansas under President Ronald Reagan, then went on to serve in the US House for three terms. President George W. Bush tapped him to lead the Drug Enforcement Administration, after which he served as undersecretary in the Department of Homeland Security. 

He has criticized Biden on illegal immigration, inflation, student loan forgiveness, and said on CNN that the president's September speech about democracy "singled out a segment of Americans and said basically they're our enemy."

Hutchinson also has the distinction of being especially press friendly at a time when numerous Republicans have copied Trump's style of lashing out against journalists. 

"The media plays an important role in our democracy," Hutchinson told Insider. "I've never shied away from tough questions, and I have always been willing to defend my positions and conservative principles with the hard questions coming from the press."


Former Vice President Mike Pence
Former Vice President Mike Pence speaks at the annual leadership meeting of the Republican Jewish Coalition on Friday, November 18, 2022, in Las Vegas.


Pence, 63, has begun to distance himself from his former boss, while also promoting his new book, "So Help Me God." 

He told ABC's "World News Tonight" that Trump "decided to be part of the problem" by not immediately calling off the insurrectionists during the January 6 riot, after he declined to help invalidate Biden's lawful win. 

Pence also pushed back against Trump on WVOC in South Carolina after he called for terminating the Constitution, and came out forcefully after Trump had dinner with Fuentes.

"President Trump was wrong to give a white nationalist, an anti-Semite, and a Holocaust denier a seat at the table," he said on November 28. 

An adviser to the former vice president told Insider that, should Pence decide to run, the team has discussed several policy areas to differentiate himself, including Trump's bipartisan criminal justice reform bill, the First Step Act, and that he'll continue to be "very outspoken on the issue of life."

In contrast, Trump didn't mention his three Supreme Court picks when he announced his 2024 presidential run, even though they helped overturn the landmark Roe v. Wade decision that previously guaranteed a national right to abortion. 

Pence wouldn't have to worry about name ID during a presidential run. Still, his new book and a campaign would allow him to reintroduce himself to voters by talking about his work in the US House and then as governor of Indiana. He already has made numerous trips to early primary states New Hampshire and South Carolina. 

Further, he'll be able to amplify policies that carried his fingerprints during the Trump administration, including his oversight of the US's pandemic response.

Pence was a sought-after midterm surrogate, traveling to dozens of states. In May, he went to Georgia to help incumbent Gov. Brian Kemp beat Trump-backed primary challenger David Perdue.

Pence's vision for the future of the party is laid out in his Freedom Agenda and Advancing American Freedom, the nonprofit aligned with him that serves as a type of campaign in waiting. The policies include reducing mail-in voting and implementing universal school choice, which allows public education funds to pay for K-12 students to select alternatives to public schools. 

While Pence didn't testify before the January 6 select committee, his senior aides including former chief of staff Marc Short and legal advisor J. Michael Luttig walked investigators through some of the scenarios that led up to the attack. 

In November, Pence said on Fox's "Hannity" that he would make a 2024 decision after discussing it with his family during the holidays. 


Former Secretary of State Mike Pompeo
Former Secretary of State Mike Pompeo speaks at the annual leadership meeting of the Republican Jewish Coalition, Friday, November 18, 2022, in Las Vegas.


Pompeo, 58, told Chicago donors in September that he already had teams in Iowa, New Hampshire, and South Carolina.

His outside campaign in waiting is called Champion American Values Fund, and Pompeo has been doing press appearances to talk about his forthcoming book, "Never Give an Inch: Fighting for the America I Love." 

Pompeo represented Kansas in the US Congress and was also former CIA director under Trump. After the end of the administration, he lost weight, which sparked speculation that he was interested in a White House run. 

Similar to Haley, Pompeo would enter the contest with a foreign policy background. 

He has openly criticized Biden, including after the president's September speech on protecting democracy. "He essentially said if you're pro-life or you're opposed to a certain set of policies, you're a threat," Pompeo told the New England Council's "Politics and Eggs" breakfast.

Biden, he said at the event, could be summed up as having "woke ideas, weak resolve, and waffling leadership."

Trump should not have taken classified documents to Mar-a-Lago, he said, but added that the "raid on Mar-a-Lago was indecent and improper." 

Pompeo told conservative radio talk show host Hugh Hewitt in November that Trump's announcement wouldn't affect whether he decides to run for president, adding that he'd make a determination in the spring. 

"We need more seriousness, less noise, and leaders who are looking forward," Pompeo said, "not staring in the rearview mirror claiming victimhood." 


Sen. Marco Rubio of Florida

Rubio, 51, has come out hot after cruising to a third term in November, castigating GOP leaders for totally blowing the midterms. 

"We have a historically unpopular Dem President, record inflation, a violent crime wave & total chaos at the border & not only did we fail to win a majority, we lost a seat. And the Senate GOP response is going to be to make no changes?" Rubio fumed in a December 7 Twitter post. 

His anger hadn't abated when Insider caught up with him at the US Capitol. 

"I don't know how you come back from what we have just encountered and conclude that the status quo and business as usual is how we want to proceed," Rubio said of the need for drastic changes within the GOP. 

While conceding that he doesn't have "all those answers," Rubio suggested that Senate Republicans take a hard look at "the mechanics of elections, policy, the legislative agenda, and all of that." 

"I think that's something we should all be involved in talking about," Rubio said of the sorely needed soul searching. 

Rubio, who is of Cuban descent, was speaker of the Florida House before heading to Washington. He has sponsored numerous bills that have become law, including doubling the child tax credit and co-authoring the Paycheck Protection Program that helped keep small businesses afloat during the COVID-19 pandemic.

On top of that, he's got a powerful perch as the top Republican on the Intelligence Committee. Political operatives have credited him with helping the GOP grow its influence with Hispanic voters, NBC News reported. 

Asked by Insider whether he had it in him to take another run at the former president after getting clobbered by the insult-flinging Trump in 2016, Rubio said he just really needs to take a breath. 

"We'll have time over the holidays and into the new year to sort of focus on everything going on in my life and here in the Senate," Rubio told Insider, adding that he hasn't "really focused in on" returning to the presidential proving grounds at the moment. 

Perhaps voters will learn more about future plans in his forthcoming book, "Decades of Decadence." 


Sen. Tim Scott of South Carolina
Sen. Tim Scott, a Republican of South Carolkina, speaks at a fundraiser in Anderson, South Carolina on August 22, 2022.


Scott, 57, hinted at a presidential bid during his midterms victory speech, even though he previously said he wouldn't run against Trump. 

"My grandfather voted for the first man of color to be elected as president of the United States," he said on November 8, referring to the vote his grandfather cast for Obama. "I wish he had lived long enough to see perhaps another man of color elected president of the United States. But this time, let it be a Republican and not just a Democrat. So just know: All things are possible in America."

Scott, who previously served in the US House, is the only Black Republican in the Senate. He said his six-year term in the Senate beginning in January will be his last, but he hasn't ruled out a presidential run and is making all the right moves to position himself for the undertaking. 

Despite his own election, he has taken several trips to Iowa and spent time campaigning on behalf of other Republicans. He also released a memoir, "America, a Redemption Story: Choosing Hope, Creating Unity" and is one of the top fundraisers in the Senate — which includes support from small and online donors — even though he defended a safe seat this cycle.

Major donors have contributed to Opportunity Matters Fun, a pro-Scott super PAC.

Scott was among those leading the push for the successful passage of the bipartisan First Step Act and his measure to create Opportunity Zones that bring private investments into economically distressed communities was part of the 2017 tax reform law. 

He garnered national interest after delivering the GOP response to Biden's address to Congress in April. Afterward, McConnell said the senator represented "the future of the Republican Party." 

Scott has been open about the racism he has faced over the course of his life. "I get called Uncle Tom and the n-word by progressives, by liberals," he said in response to Biden's address. He has shared that police have pulled him over numerous times, despite him not violating any traffic laws. He sat down with Trump at the White House to discuss systemic racism and publicly called on Trump to call back certain statements he made on race. 

Haley, who was South Carolina governor at the time, appointed Scott to the Senate in 2013 after the seat opened up. 


Miami Mayor Francis Suarez

Suarez, 45, confirmed in October that he's considering a presidential run.

"It's something that I would consider given the right circumstances and given the right mood of the country," Suarez said at a Punchbowl News event. 

Miami has been getting a lot of attention given the surge of people moving to Florida — and tech companies and crypto startups in particular headed to Miami under Suarez's encouragement. He even told Twitter CEO Elon Musk that he should consider relocating the company's headquarters from San Francisco.

Suarez's office sent over a list of accomplishments for the mayor, saying the city was No. 1 in job and wage growth, and had 1.4% unemployment. The Financial Times called Miami "the most important city in America." 

The mayor made historic increases to the city's police department, increased funding on climate-resistant infrastructure, and passed a rental tax credit for seniors. 

Suarez didn't vote for Trump during the 2020 election and in the 2018 gubernatorial race in Florida he voted for Democrat Andrew Gillum over DeSantis. 

But Suarez said Trump also has been kind to him. The two spoke at a wedding recently, he said, and Trump told him he was the "hottest politician in America after him."

"I don't know if he meant physically hot or if he meant I was getting a lot of buzz," Suarez said. "But he was very nice." 

Suarez is of Cuban descent and leads the National Conference of Mayors. When asked about how he might stand out in a presidential race, Suarez said he might be able to speak to "a variety of minority communities that are going to be important if Republicans want to grow their base for a generation." 


Gov. Chris Sununu of New Hampshire
Gov. Chris Sununu of New Hampshire.


Sununu, 48, was just reelected to a fourth term in New Hampshire, where governors are reelected every two years and there are no term limits. 

"I haven't ruled anything in or out," he told Politico's "Playbook Deep Dive" podcast when asked about running for president in 2024. "I haven't ruled out a fifth term. I haven't ruled out running for higher office."

Sununu is a centrist Republican who has the distinction of being in favor of abortion rights, at a time when many states are banning abortion. 

He came close to running for the US Senate in 2022, but told the Washington Examiner that other senators told him their main job was to be a "roadblock" in office — and he wasn't interested in that.

Sununu also called Trump "fucking crazy" at the Gridiron dinner, a journalism event. 

"Let's stop supporting crazy, unelectable candidates in our primaries and start getting behind winners that can close the deal in November," Sununu said in November at Republican Jewish Coalition meeting.

He told the Washington Examiner after the midterms that there should be new GOP leadership — not just in the White House but inside the Republican National Committee.

"Did they achieve on the level of results that we all thought we were going to get?" he asked. "No. So, why would we stick with the same team assuming we're going to get a better result?"

Sununu is part of a political dynasty. His father was governor of New Hampshire who then went on to work in the George H.W. Bush administration as chief of staff. His brother was in the US House and US Senate. 


Gov. Glenn Youngkin of Virginia
Gov. Glenn Youngkin of Virginia.


Youngkin, 56, tried his hand at playing kingmaker in over a dozen 2022 gubernatorial contests and mostly came up short. 

The newly-minted Republican who rocketed to stardom in late 2021 by keeping Virginia purplish with his electrifying win over Democratic fixture Terry McAuliffe tried to work that same Trump-light magic into contests all around the country. 

The result: only four of the 15 Republican gubernatorial candidates Youngkin got involved with won their races. It's unclear whether Youngkin had any effect on the reelection bids of blowout winners like Kemp or Noem.

By the same token, it's debatable whether he could have dragged Lake, Michigan's Tudor Dixon, or any of the other 2020 election deniers across the finish line given their full-on embrace of Trumpism. 

While he remains reluctant to badmouth the embattled former president, Youngkin clinched his 2021 win by keeping Trump at bay while still reaching out to the MAGA base. Trump, on the other hand, has tried to take full credit for Youngkin's win and lashed out at the newcomer for not being more appreciative. 

Trump's already working on trying to clip a Youngkin presidential bid from ever taking wing, panning him and DeSantis as ingrates who have no chance of beating him. Trump also reverted to his old tricks after the politically damaging 2022 midterms flop, hitting Youngkin with a bizarre, racist rant on Truth Social. 

Given that Virginia only allows governors to serve non-consecutive terms, it makes sense for Youngkin to seek opportunities elsewhere.

The Washington Post reported that Youngkin spent part of his summer huddling with Republican mega donors in New York. And while he remains mum on any official plans for 2024, Politico said Youngkin's putting in place the types of fundraising groups a presidential candidate would want to have at the ready.

Youngkin is a former co-CEO of the Carlyle Group. As governor, his first official action was to sign an executive order prohibiting Virginia schools from teaching "critical race theory." More recently, he's been pushing to reimburse individuals and businesses who paid fines for violating state COVID-19 restrictions under his Democratic predecessor.

Major park expansions, strong visitor growth and renewed tourism momentum elevate Hong Kong Disneyland’s international appeal
Hong Kong Disneyland has emerged as one of Asia’s most compelling travel destinations as renewed tourism momentum, major new attractions and improved connectivity draw visitors from across the region and beyond.

The resort has benefited from a strong rebound in international travel to Hong Kong, alongside sustained investment in new themed lands, seasonal events and guest experiences that have broadened its appeal to families, couples and repeat visitors.

A key driver of the park’s rising profile has been the launch of large-scale expansions, including a new Frozen-themed area that has become one of the most visited attractions since its opening.

The addition has strengthened the park’s lineup of immersive experiences and reinforced its reputation for high-quality storytelling and design.

Alongside new attractions, Hong Kong Disneyland has expanded entertainment offerings, parades and nighttime spectaculars, encouraging longer stays and higher visitor engagement.

The resort’s performance has also been supported by Hong Kong’s wider tourism recovery strategy, improved air connectivity and targeted marketing across mainland China, Southeast Asia and other international markets.

Hotel occupancy rates at the resort have climbed, reflecting increased demand for multi-day visits and integrated vacation experiences.

Operators have highlighted rising attendance and spending as indicators of growing confidence in the destination.

With continued investment planned and strong alignment with Hong Kong’s revitalised tourism sector, Hong Kong Disneyland is consolidating its position as a flagship attraction in the region.

Its combination of new experiences, accessibility and global brand recognition has helped position the resort as a leading choice for travellers seeking a high-quality, family-friendly destination in Asia.
The Shenzhen-based automation specialist begins listing process in Hong Kong amid surge of robotics and AI capital activity
OneRobotics (Shenzhen) Co., Ltd. has taken formal steps to pursue an initial public offering on the Hong Kong Stock Exchange, targeting growth capital to accelerate its push into AI-driven robotics and automation technology.

The company filed an application proof with market regulators and Hong Kong Exchanges and Clearing Limited as part of the listing process, marking a significant milestone for the Shenzhen-based firm as it seeks to tap global investor interest in artificial intelligence and robotics sectors.

The prospectus published for public availability indicates that OneRobotics has appointed Guotai Junan Securities (Hong Kong) and Huatai Financial Holdings (Hong Kong) as joint sponsors and overall coordinators for the proposed share offering, signifying institutional support for the planned capital raise.

The filing underscores that no securities have yet been offered to the public and that the company’s securities are not registered under the United States Securities Act, emphasising compliance with regulatory requirements and noting that any public offering in Hong Kong will proceed only after a prospectus is duly registered with the Registrar of Companies.

OneRobotics’ updated prospectus reveals strong financial momentum, with revenues rising from RMB 274.6 million to RMB 609.9 million between two thousand twenty-two and two thousand twenty-four and compound annual growth rates approaching fifty percent, while adjusted earnings before interest, taxes, depreciation and amortisation have improved sharply, reflecting enhanced profitability.

The company’s portfolio covers AI-enabled home and service robotics systems with expanding market reach across more than ninety countries and regions, driven by an integrated research, development, production and sales model that emphasises continuous product innovation.

OneRobotics is positioning itself within a broader IPO boom for robotics and hard technology companies in Hong Kong, where market conditions have become conducive to listings for specialist tech firms under new regulatory frameworks designed to streamline the process and attract high-growth issuers.

The trend has seen multiple robotics and AI companies disclose plans to list in the city’s capital markets as part of efforts to secure funding for R&D and global expansion, reflecting robust investor interest in automation and embodied intelligence technologies.

While the application proof does not guarantee a successful offering or listing, the move by OneRobotics highlights the company’s ambition to leverage Hong Kong’s capital markets to support its next phase of growth and innovation in the robotics industry.
The guilty verdict against the pro-democracy media tycoon deepens concerns over civil liberties and judicial independence in the city
Jimmy Lai, the 78-year-old Hong Kong media tycoon and pro-democracy campaigner, was convicted this week by the city’s High Court on multiple charges including conspiracy to collude with foreign forces and conspiracy to publish seditious material, underscoring the ongoing tightening of political space under the national security law.

A panel of three judges found Lai guilty on all three counts, concluding that his media and advocacy activities, including his role as founder of the now-defunct Apple Daily newspaper, had crossed legal thresholds established under the Beijing-imposed National Security Law and the city’s sedition statutes.

The verdict carries the prospect of life imprisonment, with sentencing set for a later date and a mitigation hearing scheduled for January.

Lai’s trial, which has stretched more than five years since his arrest in August two thousand twenty, has drawn widespread international attention and sparked debate over Hong Kong’s judicial independence and commitment to civil liberties.

Rights groups and Western governments have criticised the verdict as emblematic of eroding press freedom in the former British colony, arguing that the use of national security provisions against a prominent media figure signals a broader shrinking of civic space.

The Group of Seven foreign ministers issued a joint statement condemning the prosecution and urging authorities to cease such legal actions and release Lai, reflecting sustained international scrutiny.

Chinese and Hong Kong authorities, however, have defended the proceedings as lawful and necessary to safeguard security and stability, rejecting external criticism and framing the conviction as a legitimate application of the law.

Chinese President Xi Jinping reportedly expressed strong support for the outcome in discussions with Hong Kong’s Chief Executive, emphasising alignment between central and local governance priorities.

This official backing comes as diplomatic tensions rise with countries advocating for Lai’s release and raising concerns about the rule of law in the city.

Lai’s health and wellbeing have also become points of concern, with his family describing significant physical decline during his prolonged detention.

The case has become a focal point in broader geopolitical dynamics, touching on relations between Beijing and Western capitals, including the United Kingdom where Lai holds citizenship.

As Hong Kong’s democratic opposition has largely dissipated — underscored by the recent dissolution of the Democratic Party — Lai’s conviction stands as a stark indicator of the transformed political landscape in the territory and the profound challenges facing advocates of press freedom and political pluralism.
A major mixed-use development on Victoria Harbour introduces a new large-scale theatre and expansive public spaces
Hong Kong has unveiled Central Yards, a major new harbourfront development set to reshape the city’s waterfront with a blend of cultural, commercial and public spaces.

The project, located on the New Central Harbourfront, marks one of the most ambitious urban regeneration efforts in recent years, aiming to reconnect the city’s financial core with Victoria Harbour through an open, people-focused design.

The development spans more than one point six million square feet and is planned to open in phases, with the first stage expected later this decade.

Central Yards is designed as a low-rise, horizontally arranged complex featuring offices, retail areas, landscaped promenades and cultural venues.

Central to the project is a large, purpose-built theatre designed to meet international performance standards, intended to host major stage productions, concerts and cultural events for both local and global audiences.

Planners have emphasised sustainability and accessibility, incorporating extensive greenery, shaded walkways and public gathering spaces along the harbourfront.

The theatre and surrounding cultural facilities are expected to play a key role in activating the waterfront beyond business hours, supporting Hong Kong’s ambitions to strengthen its position as a regional arts and entertainment hub.

With strong early leasing interest and a prominent cultural anchor at its core, Central Yards reflects confidence in Hong Kong’s long-term economic and cultural vitality, positioning the harbourfront as a focal point for civic life, creativity and international exchange.
A record-breaking five-storey bamboo structure celebrates traditional rites at the Kam Tin festival, earning global recognition
Hong Kong has unveiled what Guinness World Records has certified as the world’s largest temporary bamboo altar, a monumental cultural achievement that has captivated residents and visitors alike.

The colossal bamboo structure, spanning nearly thirty-nine hundred square metres and rising five storeys high, was installed in Yuen Long’s Kam Tin district as the centrepiece of the decades-old Kam Tin Heung Grateful Worship Ritual, a traditional village festival that draws communities together in thanksgiving and celebration.

This year’s edition of the festival, now in its thirty-fourth iteration, featured the extraordinary bamboo altar as both a sacred ritual space and a performance venue hosting deities’ effigies, theatre and cultural displays.

Skilled local craftsmen employed generations-old bamboo construction techniques to assemble the towering pavilion, reflecting the region’s deep heritage in bamboo craftsmanship and its enduring place in Hong Kong’s cultural identity.

The festival attracted widespread attendance, with visitors drawn by the altar’s scale and craftsmanship as well as by ceremonies and celebratory traditions that reinforce community bonds.

Such bamboo structures — once common in Cantonese festivals and celebrations — serve as vital expressions of intangible cultural heritage, combining architectural ingenuity with spiritual and communal significance.

Participants and spectators alike praised the display as a vibrant affirmation of local tradition in a modern cityscape.

Renewed worries over artificial intelligence valuations weigh on major technology stocks, dragging the Hang Seng lower
Hong Kong equities resumed their downward trend as selling pressure returned to major technology stocks, with investor unease growing over stretched valuations linked to artificial intelligence optimism.

The benchmark Hang Seng Index closed lower, reversing earlier stability as heavyweight technology firms retreated amid signs that enthusiasm for artificial intelligence-related growth may be moderating.

Losses were concentrated in the technology sector, where several leading internet and platform companies fell sharply.

Investors appeared increasingly cautious about earnings visibility and capital spending requirements tied to artificial intelligence development, prompting reassessments of recent share price gains.

Broader market sentiment was also influenced by mixed signals from global markets and uncertainty over the pace of policy support for the technology sector.

Market participants described the move as a continuation of profit-taking after a strong rally earlier in the year, noting that artificial intelligence-driven stocks had been among the biggest beneficiaries of speculative inflows.

Financial and property shares offered limited support, while trading volumes suggested a defensive tone rather than panic selling.

Analysts said the latest decline reflects a more selective approach by investors as expectations around artificial intelligence revenues and timelines are reassessed.

Despite the pullback, many noted that long-term interest in technology and innovation remains intact, with near-term market direction likely to hinge on earnings updates and clearer signals on global monetary policy.
Everything changed in 1913 with The Federal Reserve Act & 16th Amendment (Income Tax).
America’s wealth was built on productivity, and stolen by usury. 
The Hong Kong Stock Exchange unveils reformed listing and public float requirements to attract more issuers and reinforce international competitiveness
The Hong Kong Stock Exchange has amended listing and public float rules as part of a strategic effort to strengthen the city’s position as a premier global financial centre and sustain momentum in primary capital markets.

Under reforms that took effect in August two thousand twenty-five and continue to evolve through consultation, the exchange revised IPO price discovery mechanisms, modified how public float is calculated and opened new avenues for companies to structure listings with greater flexibility.

Central to the changes is a more nuanced public float regime that introduces tiered thresholds for initial and ongoing float requirements.

For new issuers, the revisions allow lower public float minimums in line with market capitalisation bands and introduce a new concept of “free float” to ensure a sufficient number of shares are genuinely tradeable upon listing.

The adjustments are designed to reduce barriers for dual and international listings, particularly for mainland Chinese firms seeking Hong Kong as a secondary listing venue.

Alongside public float reforms, the exchange adopted enhancements to how IPO share allocations and pricing are determined, including changes to bookbuilding allocations and mechanisms that better balance institutional and retail participation.

The exchange is also conducting further public consultation on additional float proposals aimed at refining rules for listed companies’ ongoing obligations.

Market participants and policymakers say the amendments align Hong Kong more closely with international best practices, lowering structural barriers to capital raising while preserving market integrity and liquidity.

Observers note that the changes are timely amid a global scramble for listings, with Hong Kong regularly topping IPO fundraising rankings and attracting high-profile transactions.

The reforms are intended to maintain the city’s appeal to global issuers, strengthen investor confidence and support long-term growth of its capital markets infrastructure.
The French services group prepares workers for roles in a new aviation recycling industry as Hong Kong diversifies its aerospace capabilities
Elior Group has begun training workers in Hong Kong for employment in the city’s emerging aircraft disassembly and recycling industry, marking a notable shift for the French catering and support services group as it adapts to new opportunities in aviation services.

The programme is designed to equip staff, many of whom previously worked in airline catering and ground services, with the technical and safety skills required for aircraft teardown, component handling and materials recovery.

The initiative is linked to the development of Hong Kong’s first dedicated aircraft disassembly and parts recycling facilities, which are being established as part of a broader effort to build a local ecosystem around end-of-life aircraft management.

With global airlines retiring older planes at an accelerating pace, demand has grown for trained workers who can safely dismantle aircraft, recover valuable components and manage environmentally responsible recycling processes.

Elior’s training focuses on workplace safety, specialised tooling, regulatory compliance and collaboration with aviation engineers, reflecting the highly controlled nature of aircraft disassembly.

The company has indicated that the programme also aims to provide alternative employment pathways for workers affected by structural changes in the aviation and catering sectors following the pandemic.

Industry observers note that the move supports Hong Kong’s ambitions to expand beyond aircraft maintenance and repair into higher-value aviation services, while also addressing labour transition challenges.

As the first cohorts complete training, the programme is expected to supply a steady workforce for the new facilities, helping to anchor aircraft disassembly as a viable and sustainable industry within Hong Kong’s aviation landscape.
A new analysis finds the Phoenix metropolitan area’s economy comparable to that of sovereign economies, underscoring its rapid growth
The Phoenix metropolitan area’s economy, valued at approximately $398 billion, would rank around 43rd in the world if measured against national economies, placing it just behind economies such as Hong Kong and Romania in size, according to a recent report by the Common Sense Institute Arizona.

Measured on this global scale, Phoenix’s economic output exceeds that of many established nations and highlights its ascent as one of the most economically significant metropolitan regions in the United States.

The report emphasises that Phoenix’s diversified economy encompasses robust sectors including research, construction, tourism, healthcare, financial services and manufacturing, underpinned by a population exceeding 5.2 million people.

Growth in the metro’s economy reflects sustained demographic expansion, strong domestic demand and ongoing investment across key industries, contributing to its emergence as a major hub for business and innovation.

Comparatively, the economy of Hong Kong was estimated at just over $407 billion in 2024, reflecting its continued position as a global financial and trade centre despite structural challenges.

The proximity of Phoenix’s economic size to that of an internationally recognised city-state underscores the increasingly global scale of large U.S. metropolitan economies.

Analysts say the comparison illustrates how regional economies in the United States have grown to rival the output of many countries, driven by internal migration, diverse industrial bases and strategic positioning in sectors such as technology and services.

Phoenix’s economic trajectory has been characterised by significant resilience and expansion in recent years as its labour market has strengthened and development activity has broadened across multiple sectors.

The global ranking context adds perspective to the metro area’s economic influence far beyond its geographic footprint.
Market discussions point to interest in acquiring part of a major loan as Hong Kong’s property sector restructures
Goldman Sachs is understood to be exploring the potential purchase of a portion of a large syndicated loan linked to Hong Kong property developer New World Development, according to market discussions surrounding the company’s ongoing debt management efforts.

While no formal transaction has been confirmed publicly, the reported interest reflects heightened activity among global financial institutions seeking selective exposure to distressed or restructured assets in Hong Kong’s real estate sector.

New World Development has been engaged in extensive refinancing negotiations to address near-term liquidity pressures amid a prolonged downturn in the property market.

The developer has worked with a broad group of lenders to extend maturities and stabilise its balance sheet, a process closely watched by investors given the scale of the debt involved and the company’s prominence in Hong Kong’s economy.

Any move by a major international investment bank to acquire part of the loan would signal confidence in the underlying assets and the restructuring framework being put in place.

Such transactions are typically structured to provide existing lenders with liquidity while allowing new entrants to take on exposure at adjusted risk and return profiles.

Market participants note that discussions of this nature are not uncommon during large-scale refinancing efforts and do not necessarily lead to completed deals.

Nevertheless, the attention from global financial institutions highlights the strategic importance of New World Development’s refinancing and its potential implications for broader sentiment toward Hong Kong’s property and credit markets.
Chinese President underscores the achievements and future direction for Hong Kong and Macao at key national events and in high-level meetings
Chinese President Xi Jinping has publicly acknowledged the progress achieved in both Hong Kong and Macao, reiterating Beijing’s support for the sustained prosperity and stability of the two special administrative regions under the framework of “one country, two systems.” Xi’s comments, made in speeches and high-level engagements, reflect the central government’s ongoing commitment to strengthening institutional and economic foundations in the regions.

In remarks linked to the celebrations of Macao’s twenty-fifth anniversary of return to Chinese sovereignty and other official occasions, Xi highlighted the “remarkable achievements” Macao has made in social and economic development since the restoration of Chinese sovereignty.

He emphasised that the “one country, two systems” approach has demonstrated its “distinctive institutional advantages and enduring vitality” in ensuring long-term stability, national security and development.

Xi stressed the importance of deepening integration of Macao — and, by extension, Hong Kong — into broader national strategies, particularly in regional development, economic diversification, and international connectivity.

Senior officials have explained that Xi’s vision articulates both the progress recorded over the past decades and clear guidance for the future.

Hong Kong’s Chief Executive, in response to Xi’s speech, noted that it “provides a crystal-clear direction for future development” of both Hong Kong and Macao, encouraging policymakers and business leaders to further capitalise on opportunities in technology, finance and global engagement.

Observers see the reaffirmation of “one country, two systems” as a message of continued support for the regions’ legal and economic systems, along with an emphasis on national security as integral to prosperity.

Xi’s remarks have been interpreted as encouraging both territories to deepen their roles as international centres for finance, trade and cultural exchange, while integrating more closely with mainland China’s development goals.

The remarks also come amid broader efforts by Beijing to strengthen institutional cooperation and economic linkage within the Greater Bay Area, a key national priority.

This strategic emphasis reinforces Beijing’s long-standing expectation that Hong Kong and Macao will act as bridges between China and global capital, trade and innovation networks.
Singapore’s United Overseas Bank sets aside large provisions and trims Greater China exposure amid a prolonged property downturn
United Overseas Bank Ltd., one of Singapore’s largest lenders, is contending with mounting strains from its property loan book in Hong Kong and mainland China as real estate prices in those markets continue to weaken.

A significant portion of the bank’s lending in the region is tied to commercial and residential property, and the sustained downturn has eroded collateral values and heightened credit risk.

In early November, UOB surprised investors by booking S$615 million in general provisions for commercial real estate loans that may deteriorate further, bringing its total allowance for credit losses to S$1.9 billion in the first nine months of 2025. The decision reflected what the bank described as “sector-specific headwinds” in Greater China and other markets, and while it ensured the bank’s dividend and share buyback plans remain unaffected, market watchers have focused on the elevated reserves as a sign of stress.

Shares of UOB have underperformed its Singapore peers, with a decline of about four percent this year compared with double-digit gains at rival banks.

UOB’s Hong Kong subsidiary has a high concentration of property loans, with more than forty percent of its gross loans and advances linked to property development and investment as of mid-2025. That exposure includes loans to luxury developments and Chinese property groups that have struggled to refinance as prices retreat.

The multiyear downturn in Hong Kong’s commercial real estate sector, with office values falling sharply from previous peaks, has dampened collateral valuations and contributed to higher non-performing loans in the region.

The bank has responded by paring back some Greater China exposure, renegotiating maturities on troubled loans, and engaging with regulators about its credit mix.

In some cases, UOB has extended loan terms rather than press for immediate repayment, seeking to provide breathing space for borrowers in a sluggish market.

Discussions with private credit investors have also been reported as part of efforts to manage large facilities tied to developments such as the Beacon Peak project in Hong Kong’s Kowloon Tong district.

Despite the challenges, UOB has maintained that its proactive provisioning and risk management bolster its resilience through economic cycles.

The bank continues to emphasise its long-term client relationships and prudent underwriting standards as it navigates an uneven recovery in Greater China.

The unfolding situation underscores the broader pressures on lenders with concentrated exposure to property markets that have not yet rebounded from post-pandemic softness and structural headwinds.
AI chipmaker aims to raise around three hundred million dollars as it seeks international financing amid China’s semiconductor push
Biren Technology, a fast-growing Chinese artificial intelligence chip developer, is preparing to launch an initial public offering in Hong Kong after winning necessary regulatory approvals, marking a significant step in the company’s international expansion and reflecting Beijing’s broader strategy to bolster domestic semiconductor capabilities.

The Shanghai-based firm, founded in 2019 by seasoned industry executives, is targeting a Hong Kong listing in the coming weeks and is expected to raise around three hundred million dollars through the share sale, according to people familiar with the matter.

The planned offering could involve up to 372.5 million new shares, with existing shareholders converting hundreds of millions of onshore shares into Hong Kong-listed stock as part of the transaction, reinforcing investor interest and broadening Biren’s capital base.

The company gained prominence in the AI sector after unveiling its high-performance BR100 GPU, designed to rival leading global processors, and has attracted substantial funding from both private and state-linked investors despite being placed on the U.S. Entity List in 2023, which restricted access to some international manufacturing partners.

Biren’s push towards a Hong Kong IPO highlights Beijing’s determination to foster homegrown alternatives to foreign semiconductor technology amid tightening export controls by Western authorities.

The move builds on a successful fundraising campaign earlier this year in which Biren secured around 1.5 billion yuan in fresh capital from state-linked funds, underscoring confidence in its growth prospects and strategic importance.

Biren’s listing could come as early as January, following years of development and investment in its AI hardware roadmap.

The company’s IPO will be led by major financial advisers and is expected to draw attention from both domestic and international investors seeking exposure to China’s AI infrastructure sector.

Analysts note that Hong Kong’s capital markets have become an increasingly attractive venue for Chinese tech firms looking to access global capital, particularly as regulatory conditions evolve at home.

Biren’s forthcoming listing is set against a backdrop of robust demand for advanced computing chips and increased competition among chipmakers worldwide.
Conviction of prominent media founder underscores the city’s intensified enforcement of national security legislation
Hong Kong has convicted pro-democracy activist and media entrepreneur Jimmy Lai in a closely watched national security case, marking a significant moment in the city’s ongoing legal and political transformation.

The ruling follows a lengthy trial centered on charges linked to national security laws enacted in recent years.

Lai, the founder of the now-defunct Apple Daily newspaper, had pleaded not guilty to the accusations.

Prosecutors argued that his actions and publications posed risks to national security, while the defense maintained that his activities fell within the bounds of journalism and political expression.

The court ultimately sided with the prosecution, delivering a guilty verdict that carries potentially severe penalties.

The case has drawn sustained international attention because of Lai’s global profile and the broader implications for press freedom, civil society, and political dissent in Hong Kong.

Local authorities have consistently stated that the proceedings were conducted in accordance with the law and that national security cases are handled independently by the judiciary.

Sentencing has been scheduled for a later date.

The conviction is expected to reinforce the government’s determination to uphold national security legislation, even as it continues to prompt debate abroad over Hong Kong’s legal environment and future trajectory.
Unemployment holds at three point eight percent in the September to November period, reflecting cautious resilience amid uneven economic recovery
Hong Kong’s unemployment rate remained unchanged at three point eight percent in the September to November period, signaling a degree of stability in the labor market despite ongoing economic headwinds.

The latest figures indicate that overall employment conditions have stopped deteriorating after earlier volatility, offering cautious reassurance to households and businesses.

Authorities noted that total employment showed only marginal movement during the three-month window, with some sectors continuing to face pressure while others recorded modest improvement.

Tourism, logistics, and consumer-facing industries benefited from a gradual normalization of activity, while construction and certain professional services experienced slower momentum.

Officials emphasized that while the steady rate points to resilience, the labor market has not fully recovered to pre-pandemic strength.

External demand uncertainties, higher global interest rates, and subdued investment sentiment continue to weigh on hiring decisions.

At the same time, targeted government measures and improving regional connectivity have helped prevent a renewed rise in joblessness.

Looking ahead, policymakers said employment trends will depend on the pace of global economic recovery and sustained local growth initiatives.

The government reaffirmed its commitment to supporting businesses, upskilling workers, and enhancing competitiveness to ensure that labor market conditions remain stable in the months ahead.
Cambodia started this war for one reason: Thailand joined the global crackdown on the industrial-scale phone and online scam operations run out of Cambodia.


The Securities and Futures Commission urges investor caution as new stablecoin rules spur speculative trading and fraud concerns
Hong Kong’s financial watchdog has issued a stark warning about rising fraud risks and market volatility linked to the territory’s newly implemented stablecoin regulatory regime, underscoring the challenges of fostering digital asset growth while protecting investors.

The Securities and Futures Commission, in conjunction with the Hong Kong Monetary Authority, noted abrupt market movements in companies associated with stablecoin licensing interest, which often followed media reports, social-media speculation or corporate announcements about potential stablecoin issuer licences.

Regulators emphasised that early discussions or plans to apply for a licence are not endorsements nor guarantees of approval, stressing that only entities meeting stringent regulatory criteria will ultimately be licensed under the framework that came into force on August first this year.

Officials voiced concern that some listed companies have seen sharp share price swings — including speculative upticks — merely by asserting stablecoin ambitions, a trend that could mislead less experienced investors amid heightened hype.

The SFC has reported a notable volume of digital asset-related fraud complaints this year, and has vowed to closely monitor trading activity, deploy advanced surveillance tools and take decisive action against manipulative or deceptive practices that could compromise market integrity.

As Hong Kong positions itself as an Asia-focused hub for regulated stablecoin issuance, regulators have amplified their call for well-informed investment decisions and continued vigilance as the sector evolves.
Major international conference highlights the city’s role as a hub for computer graphics, animation, and emerging digital technologies
Hong Kong has opened its doors to thousands of technology leaders, researchers, artists, and innovators as SIGGRAPH Asia twenty twenty-five officially gets under way, reinforcing the city’s position as a global meeting point for advanced digital creativity and research.

The conference brings together experts in computer graphics, animation, visual effects, immersive media, artificial intelligence, and interactive technologies from across Asia, Europe, and North America.

The event features a broad programme of technical papers, keynote presentations, exhibitions, and industry showcases, offering a platform for both established companies and emerging startups to present breakthroughs in digital production and visual computing.

Organisers say the choice of Hong Kong reflects its deep pool of technical talent, world-class infrastructure, and growing influence in the digital economy.

Alongside the technical programme, the conference is expected to generate significant business and academic exchange, with universities, research institutes, and creative studios using the gathering to form new partnerships.

The influx of international delegates also provides a boost to the local tourism, hospitality, and events sectors.

Officials and industry participants have highlighted SIGGRAPH Asia twenty twenty-five as a signal of Hong Kong’s continued openness to global collaboration and innovation, underlining its ambition to remain at the forefront of digital technology, creative industries, and cross-border knowledge exchange in the years ahead.
Power‐equipment manufacturer moves to expand investor base after its stock’s dramatic gains on the Shenzhen exchange
Sieyuan Electric Co., Ltd., a leading Chinese manufacturer of power transmission and distribution equipment, has announced plans to pursue a listing on the Hong Kong Stock Exchange following a substantial rally in its domestic share price that has captivated investors.

The company’s stock, traded on the Shenzhen Stock Exchange under ticker 002028, has seen exceptional performance this year, contributing to heightened interest in broadening its capital markets footprint.

The Hong Kong listing initiative reflects Sieyuan’s strategic efforts to tap a wider pool of international investors and deepen its access to global capital.

Sieyuan supplies critical high-voltage equipment and electrical infrastructure components to major grid operators and industrial customers in China and abroad, and its strong operational results—characterised by accelerated revenue and profit growth in recent reporting periods—have underpinned investor confidence.

The move toward a Hong Kong listing comes as the firm looks to support future growth ambitions in both domestic and overseas markets, expand its shareholder base, and enhance its profile among global asset managers.

Market participants are closely watching regulatory approvals and potential timing for the primary listing, which could mark a significant milestone in the company’s expansion trajectory.
Authorities say an underwater inspection led to the discovery of concealed narcotics during a targeted maritime operation
Hong Kong Customs has reported the seizure of a significant quantity of suspected cocaine concealed within the sea chest of a commercial vessel, following a targeted maritime inspection that employed underwater search technology.

The operation forms part of intensified enforcement efforts to counter increasingly sophisticated drug-smuggling methods using ocean-going ships.

According to officials, customs officers identified the vessel as high risk through intelligence analysis and monitoring of maritime cargo movements.

During the inspection, specialists conducted an underwater examination of the hull area, leading to the discovery of concealed packages hidden inside the sea chest, a compartment that draws seawater for cooling systems and is difficult to access through conventional searches.

The suspected cocaine was recovered and secured as evidence, with laboratory testing under way to confirm its composition and weight.

Authorities said the concealment method reflected a growing trend among transnational drug syndicates to exploit hard-to-reach parts of vessels in an effort to evade detection.

Hong Kong Customs emphasized that the operation demonstrated the effectiveness of advanced inspection capabilities and interdepartmental coordination in safeguarding the city’s borders.

Investigations into the origin of the drugs, the vessel’s route, and potential suspects are ongoing, and further arrests have not been ruled out.
Pro-democracy media tycoon found guilty after a protracted trial that began in 2023, reflecting broader shifts in the city’s legal and political environment
After more than five years in custody and nearly two years in court, Hong Kong media tycoon and pro-democracy advocate Jimmy Lai has been convicted of conspiracy to collude with foreign forces and conspiracy to publish seditious material under the national security law imposed by Beijing in 2020. The verdict, delivered on December 15 in the city’s High Court, follows a lengthy legal saga that has drawn intense local and international attention and underscores the profound impact of the security legislation on dissent and press freedom in Hong Kong.

Lai, 78, the founder of the now-defunct Apple Daily newspaper, was arrested in August 2020 shortly after the security law’s enactment, as authorities ramped up enforcement following mass pro-democracy protests in 2019. He faced charges of collusion with foreign forces for allegedly seeking support for sanctions and opposition activity abroad, and of publishing seditious content through his media outlet.

Prosecutors argued that his activities endangered national security, while Lai maintained his innocence, asserting that his work was rooted in journalism and advocacy for democratic reform.

The trial — one of the most high-profile under the national security framework — began in late 2023 and involved more than 150 days of proceedings, including Lai’s testimony and detailed examination of his interactions with overseas figures and publications.

Supporters and rights groups have characterised the case as emblematic of the erosion of Hong Kong’s civil liberties, highlighting that evidence from before the security law’s passage was used in the prosecution’s case.

Critics, including Western governments, described the conviction as a setback for press freedom and judicial independence, while Beijing and Hong Kong authorities defended the verdict as lawful and necessary to protect stability.

Lai has been detained since his arrest, spending much of that time in solitary confinement, during which his health reportedly deteriorated.

Sentencing hearings are expected to commence in January, with Lai facing a potential life term.

The outcome will be closely watched by international observers as a bellwether for the future enforcement of national security provisions and the space for dissent in Hong Kong’s evolving legal landscape.
A catastrophic high-rise blaze in Hong Kong coincides with accelerating political suppression under Beijing and emerging tensions in Washington’s approach to China
A devastating fire that tore through a residential complex in Hong Kong’s Tai Po district in late November has become one of the city’s deadliest urban disasters in decades, claiming at least one hundred and sixty lives and leaving families and officials grappling with systemic safety failures and political ramifications.

The inferno engulfed seven high-rise towers at the Wang Fuk Court estate, spreading rapidly as firefighters battled the blaze for more than forty-three hours and raising urgent questions about regulatory oversight, building maintenance standards and the use of combustible materials on aging structures.

Authorities have made multiple arrests linked to renovation work at the site and acknowledged that substandard materials likely fuelled the fire’s spread, even as an independent inquiry is expected to conclude within nine months amid public demands for accountability and reforms.

The tragedy has also sparked sorrowful, and in some quarters contentious, public discourse about governance and civic safety in the semi-autonomous city. 

Hong Kong’s broader political landscape has simultaneously shifted, with the city’s largest pro-democracy party formally dissolving after more than three decades of activism — a symbolic moment in the eroding space for political diversity since the imposition of national security legislation in 2020. In a separate but closely watched legal proceeding, prominent media tycoon and pro-democracy advocate Jimmy Lai was convicted by the High Court under that same national security framework of colluding with foreign forces and publishing seditious material, in a verdict that carries the potential for a life sentence.

Chinese authorities have defended the judicial process, while international governments, including the United States and the United Kingdom, have criticised the outcome as undermining civil liberties and judicial independence.

Lai, who has been detained for years and suffered health deterioration, now awaits sentencing scheduled for early next year. 
These developments unfold as U.S.–China strategic competition remains a central feature of global geopolitics under President Donald Trump’s administration.

Washington extended a “national emergency” designation concerning Hong Kong earlier this year, continuing a policy approach begun in previous administrations that subjects the territory to parity with mainland China for purposes of sanctions and export controls.

This policy was originally enacted through U.S. legislation and executive action designed to hold China accountable for actions seen as eroding Hong Kong’s promised autonomy.

At the same time, analysts note that U.S. human-rights-focused engagement on Hong Kong has been mixed, with Washington emphasising broader economic and security issues with Beijing over specific civic freedoms.

Officials including U.S. legislators have highlighted concerns about Hong Kong’s role in financial practices and sanctions compliance, and some observers warn that tensions over governance, safety, and political freedom in the city risk becoming a broader flashpoint in Washington’s evolving China strategy. 
As Hong Kong mourns the victims of the Tai Po fire and grapples with seismic political shifts, questions about governance, public safety and international relations continue to resonate.

The fire and its aftermath have reignited scrutiny of building safety regulations and the authorities’ responsiveness, even as calls for institutional reforms echo against the backdrop of tightened political control.

With global attention on both the human toll of the tragedy and the legal and political constrictions now reshaping Hong Kong society, the city faces a complex and challenging reckoning in the months ahead.
Hong Kong pro-democracy figure’s daughter speaks out in Washington after landmark national security verdict that could see him jailed for life
Jimmy Lai’s daughter, Claire Lai, said she is “grieving” following the guilty verdict against her father in Hong Kong’s national security trial, emphasising the emotional toll of the conviction and appealing for international support to help secure his freedom.

The comments were made hours after Hong Kong’s High Court found the 78-year-old media mogul guilty of conspiracy to collude with foreign forces and publishing seditious material under the city’s Beijing-imposed security laws, in a case that has drawn global scrutiny and sharp criticism from rights advocates and Western governments.

The verdict exposes Lai to a possible life sentence, intensifying concerns over press freedom and judicial independence in the city.

Speaking to reporters in Washington, D.C., Claire said that although she and her family had anticipated the verdict, the emotional impact was profound.

“As much as you can expect that, you can only be so ready for it.

So I am grieving,” she said, underscoring the human cost of the legal proceedings that have spanned more than two years.

She expressed hope that international pressure might spare her father from spending the rest of his life behind bars, portraying him as someone who, if freed, would focus on family and his faith rather than political activism.

Claire has previously shared personal accounts of her father’s deteriorating health after more than five years of detention, including prolonged periods in solitary confinement.

She described his wish to reunite with family and dedicate his remaining years to his faith and loved ones, rather than continuing his high-profile activism.

Her comments in Washington reflected persistent concerns about his physical condition and the broader implications of his imprisonment for civil liberties in Hong Kong.

The conviction of Jimmy Lai, founder of the now-defunct pro-democracy Apple Daily newspaper, has sparked widespread international reaction.

Advocates for media freedom and democratic rights have condemned the outcome as a blow to press independence.

His family’s appeals come as diplomats and political figures weigh responses to the verdict, with some calling for conditions on bilateral relations with China to secure his release.

Despite official assurances from Hong Kong authorities that due process was followed, Lai’s supporters argue that the case exemplifies a broader crackdown on dissent.

Sentencing is scheduled for January 2026, when a judge will determine the appropriate term under the national security law.

Prominent pro-democracy publisher found guilty of colluding with foreign forces and publishing seditious material under China’s national security law

Hong Kong’s High Court has found veteran media tycoon Jimmy Lai guilty of multiple offences, including conspiracy to collude with foreign forces and conspiracy to publish seditious material under the city’s China-imposed national security law, in a landmark verdict that could see him imprisoned for life.

The 78-year-old founder of the now-defunct pro-democracy newspaper Apple Daily was convicted on all charges following a 156-day trial that began in December 2023 and drew sustained international attention to issues of press freedom and judicial independence in the global financial hub.

In open court proceedings at the West Kowloon district court, a panel of three judges concluded that Lai used his media platform and international connections to advocate foreign sanctions and hostile actions against the Hong Kong and Chinese governments, asserting that his intent was to undermine the authority of the Chinese Communist Party.

The court’s detailed 855-page ruling underscored the evidence presented by prosecutors that Lai continued his activities even after the national security law came into effect in June 2020. Lai denied all charges and had stated that his engagement with foreign officials and commentary in his publications were expressions of his views rather than criminal conduct.

Lai has been detained since his arrest in 2020 and has spent more than five years in custody, much of it in solitary confinement.

Defense lawyers are scheduled to present mitigation arguments at a pre-sentencing hearing in January, with an opportunity to seek leniency or appeal.

Those close to Lai have expressed concern about his health, citing weight loss and pre-existing conditions during his prolonged detention.

The conviction has prompted widespread international reaction, with governments and rights organisations emphasising its broader implications for civil liberties in Hong Kong.

British, U.S., European Union, Australian and Taiwanese officials publicly criticised the trial and verdict, describing the proceedings as politically motivated and warning that the case highlights an erosion of freedoms that were promised under the city’s constitutional framework.

Beijing and Hong Kong authorities, however, defended the verdict as a lawful application of the national security law and asserted that it reflects the judiciary’s duty to uphold national security.

Lai’s Apple Daily, once a vibrant voice of Hong Kong’s pro-democracy movement, was forced to shut down in 2021 after authorities froze the newspaper’s assets and its offices were raided.

Lai’s conviction is widely seen as one of the most consequential applications of the sweeping 2020 national security law, which was enacted in response to the large-scale protests of 2019. Supporters of Lai view the verdict as emblematic of the shrinking space for dissent and independent journalism in Hong Kong, even as officials maintain that the law is necessary to safeguard stability and security.

Founder of Apple Daily faces potential life sentence after being found guilty of collusion and sedition in a landmark verdict
Jimmy Lai, a prominent Hong Kong media tycoon and outspoken critic of Beijing, has been convicted on charges of conspiracy to collude with foreign forces and sedition under Hong Kong’s national security law, in a ruling that could see him imprisoned for the rest of his life.

The 78-year-old founder of the pro-democracy newspaper Apple Daily has been held in custody since 2020, much of it in solitary confinement, as his trial — one of the most high-profile uses of the law imposed by Beijing in 2020 — stretched over more than two years before judges delivered the verdict.

Born in Guangzhou and arriving in then-British Hong Kong as a young stowaway, Lai built his first fortune in business before founding Apple Daily in 1995. Under his leadership the tabloid became a commercial success and a vocal platform for liberal causes, vigorously criticising both Hong Kong and mainland Chinese authorities.

His support for the pro-democracy movement and willingness to use his media outlets to spotlight dissent made him one of the city’s most polarising figures, admired by supporters for his defiance and decried by opponents who labelled his activism a threat to stability.

The charges against Lai stem from his activities surrounding the 2019 pro-democracy protests, including alleged efforts to solicit foreign support for sanctions and other measures against Hong Kong and Chinese officials.

Prosecutors also accused him of publishing seditious material that they said sought to destabilise the Chinese Communist Party’s governance.

Lai consistently denied the allegations, asserting that his engagement with foreign interlocutors was meant to inform them of developments in Hong Kong rather than to influence foreign policy.

In delivering the conviction, the Hong Kong court applied provisions of the national security law that were introduced by Beijing to criminalise acts of secession, subversion, terrorism and collusion with foreign forces.

Critics, including international rights organisations, Western governments and media freedom advocates, have condemned the verdict as evidence of the erosion of press freedom and judicial independence in the city.

U.S., British and European Union officials have all expressed concern over the implications of the case for civil liberties in Hong Kong and have called for Lai’s release.

Lai has previously received multiple prison sentences for protest-related offences and has seen his assets frozen and his media empire dismantled, culminating in the closure of Apple Daily in 2021 following police raids on its offices.

Supporters, including religious figures and international advocates, have rallied around his plight, pointing to his deteriorating health in detention.

A sentencing hearing is scheduled to begin in January, where Lai’s legal team will argue for mitigation amid calls from his family and international backers for clemency.
Independent board committee deems HSBC’s offer fair and reasonable, advancing bid to acquire full ownership of Hong Kong’s leading lender
HSBC’s bid to take Hang Seng Bank private made a decisive advance on Monday after an independent board committee of the Hong Kong lender concluded that the proposed offer by HSBC Holdings to acquire the remaining minority shares is fair and reasonable and should be supported by shareholders.

The endorsement clears a key procedural hurdle for one of the most significant banking transactions in Hong Kong this year, underpinning HSBC’s strategic objective to consolidate its control of the city’s historic financial institution. 
Under the proposal, first announced in October, HSBC — which already holds about 63 per cent of Hang Seng — has offered HK$155 in cash for each share it does not already own, valuing the entire bank at about HK$290 billion, or around US$37 billion.

The board committee’s recommendation follows the assessment of an independent financial adviser that minority investors would benefit from the terms of the offer, which represents a substantial premium over recent market prices. 
HSBC’s chief executive, Georges Elhedery, has framed the privatisation as a long-term investment in its core home market and a way to strengthen the combined banking franchise, enhancing operational alignment and deepening customer reach.

HSBC has emphasised its intention to preserve Hang Seng’s brand, governance and banking licence while leveraging the wider group’s global network and product capabilities to support future growth. 
If approved by minority shareholders and sanctioned by the Hong Kong High Court, the scheme of arrangement will result in Hang Seng’s shares being withdrawn from the Hong Kong Stock Exchange, likely in late January, and the bank becoming a wholly owned subsidiary of HSBC.

HSBC plans to fund the approximately US$13.6 billion acquisition from its internal resources. 
Market reaction to the committee’s endorsement was mixed, with HSBC’s shares rising modestly in London trading while Hang Seng’s stock performance reflected anticipation of the vote.

The next step in the process will be a shareholders’ meeting scheduled for early January, when minority holders will decide on the proposed privatisation.

A successful vote would mark a major transformation in the ownership of one of Hong Kong’s largest and most historic banks.
Strategic buyback of 235,000 ordinary shares reflects disciplined capital management and reinforces shareholder value
Hongkong Land Holdings announced that it has executed a share repurchase of two hundred and thirty-five thousand of its ordinary shares, in a transaction completed on September eleventh and subsequently cancelled, as part of its ongoing capital management programme.

The repurchased shares, acquired at prices between six dollars thirty-seven cents and six dollars forty-six cents United States per share, were cancelled, reducing the company’s share capital and reflecting the board’s commitment to disciplined use of capital and enhancement of shareholder returns.

Following the cancellation, the company’s issued ordinary share capital with voting rights stands at approximately two billion one hundred seventy-five million two hundred seventy-seven thousand nine hundred twenty-six shares.

The repurchase follows Hongkong Land’s broader capital recycling strategy, which includes asset disposals and targeted buybacks designed to optimise the company’s balance sheet and return value to shareholders.

Earlier in the year, the company announced a formal share buyback programme of up to two hundred million dollars financed through proceeds from property transactions, including the sale of part of One Exchange Square to Hong Kong Exchanges and Clearing.

That programme, announced in April and scheduled to run through December thirty-first, two thousand twenty-five, underpins the firm’s approach to capital allocation amid evolving market conditions.

Shares in Hongkong Land responded modestly to the announcement of the repurchase, closing slightly higher on the day following the transaction.

The company has reiterated that its strategy continues to prioritise financial strength, flexibility and value creation, balancing shareholder returns with reinvestment in core markets.

Investors and analysts view the targeted buyback as a constructive step in managing the company’s capital base and enhancing per-share metrics over time.
Plans emerge for a pioneering electric vertical take-off and landing route set to transform travel in the Guangdong-Hong Kong-Macao region
Governments and industry stakeholders in the Guangdong-Hong Kong-Macao Greater Bay Area are moving forward with plans to establish the region’s first commercial electric vertical take-off and landing aircraft, or eVTOL, service linking Hong Kong and Shenzhen as part of an expanding low-altitude economy initiative.

The route follows a landmark demonstration flight earlier this year when an eVTOL aircraft completed an inter-city crossing between Shenzhen and Zhuhai in just twenty minutes, a journey that otherwise takes hours by road.

This achievement highlighted the potential of zero-emission, electrically powered vertical flight to reduce travel times and open new forms of sustainable transport in one of China’s most densely populated and economically dynamic regions.

Building on this progress, local authorities and aviation developers have indicated growing support for regularised eVTOL operations, including cross-border routes connecting major urban centres.

Industry representatives emphasise that eVTOL aircraft — which do not require conventional runways and can operate from compact vertiports — could offer rapid, low-noise alternatives to traditional ground and helicopter travel, while contributing to broader economic growth and connectivity goals across the Greater Bay Area.

As regulatory agencies refine frameworks for low-altitude airspace and safety certification, the move to commercialise eVTOL services between Hong Kong and Shenzhen is seen as a strategic step toward integrating aerial mobility into the region’s transport infrastructure and supporting future passenger and logistics applications.
Licensed digital-asset platform priced its shares near the top of range, highlighting strong investor interest amid market volatility
HashKey Holdings Ltd., operator of Hong Kong’s largest licensed cryptocurrency exchange, has raised approximately HK$1.6 billion (about US$206 million) through its initial public offering on the Hong Kong Stock Exchange, in a transaction priced near the top of its marketed range.

The company sold 240.6 million shares at HK$6.68 each, within a marketed price band of HK$5.95 to HK$6.95, reflecting robust demand from institutional and cornerstone investors such as UBS Asset Management, Fidelity and China-based CDH, according to market sources.

Trading on the exchange is expected to begin on December 17, positioning HashKey as one of the few publicly traded players in the regulated digital-assets sector.

Founded in 2018, HashKey operates a regulated virtual-asset trading platform and offers a suite of related services including asset management, brokerage and tokenisation under Hong Kong’s virtual-asset licensing regime introduced in 2022, which aims to foster a compliant crypto ecosystem.

The successful IPO comes amid heightened price volatility in global digital-asset markets, with Bitcoin having experienced significant fluctuations following record highs in recent months.

Hong Kong’s regulatory approach contrasts with mainland China’s strict ban on cryptocurrency trading, as authorities in the mainland continue to emphasise risks associated with speculative virtual-asset activity and reaffirm enforcement measures against illegal crypto-related operations.

The proceeds from HashKey’s offering are expected to support technology development, expanded infrastructure and broader market initiatives as the exchange seeks to consolidate its position within Asia’s fast-evolving digital-asset landscape.

Market observers view the IPO as a signal of institutional confidence in Hong Kong’s regulated crypto framework, even as the broader industry navigates cyclical pressures and competitive dynamics across global financial hubs.

Sluggish economy, property-sector distress and corporate indebtedness set the stage for more restructurings and potential insolvencies across the financial hub
Hong Kong is poised for an increase in debt restructurings and company liquidations as economic headwinds intensify and key sectors struggle with mounting financial pressures.

A series of recent developments has highlighted vulnerabilities in the territory’s economy, particularly in the property and aviation sectors, prompting warnings from restructuring specialists and market analysts about the likelihood of more distressed corporate balance sheets needing formal remedies.

Last week, the High Court approved a HK$49 billion debt restructuring scheme for Hong Kong Airlines Ltd., underscoring the acute pressures facing local corporates after years of pandemic-related downturn and liquidity challenges.

The sanctioned “scheme of arrangement” will allow the airline, backed by the bankrupt HNA Group, to jettison aircraft, raise new funding and attempt to resume more extensive services across the Asia-Pacific region.

The restructuring plan drew no opposition in court, but reflects how deeply indebted firms are seeking legal frameworks to manage obligations and avoid outright collapse.

Underlying these corporate strains is a broader slowdown in Hong Kong’s economic growth, with weak sales in the city’s critical property sector pushing developers and banks toward complex refinancing negotiations and restructuring talks.

Analysts note that forthcoming bond maturities for Hong Kong-linked property firms are set to rise sharply next year amid falling sales and asset valuations, which could prompt further restructurings if companies cannot meet repayment deadlines.

The property market’s travails also have ripple effects through financial institutions and creditor networks.

Commercial property valuations in Hong Kong remain depressed, putting downward pressure on asset collateral and fueling concerns about non-performing loans.

In some cases, banks have indicated they may sell real estate exposure at a loss as part of risk management, while developers must navigate complex offshore debt negotiations with creditor groups that sometimes threaten liquidation if agreements cannot be reached.

Corporate insolvency law and restructuring frameworks in Hong Kong offer structured processes, including schemes of arrangement and winding-up petitions, but these mechanisms can signal deeper systemic stress when used at scale.

Recent legal commentary highlights how courts are increasingly handling high-profile restructurings, with liquidations proceeding for entities that fail to present viable plans, as exemplified by long-running offshore cases related to large indebted firms.

Economists say that while not all sectors will face restructuring or closure, the confluence of weak domestic demand, elevated debt burdens and external economic uncertainty means that more companies — particularly in property and associated industries — could resort to formal debt resolution processes.

Observers also note that Hong Kong’s status as a global financial centre means these developments are watched closely by investors and regulators alike for what they may signal about regional economic resilience and financial stability.
The long-running trial of the former Apple Daily founder culminated in his conviction on collusion and sedition charges under Hong Kong’s security law
Jimmy Lai, the 78-year-old founder of the now-defunct pro-democracy newspaper Apple Daily, was convicted in December 2025 of conspiracy to collude with foreign forces and conspiracy to publish seditious material under Hong Kong’s national security law, marking one of the city’s most high-profile rulings since Beijing imposed the law in 2020. The case has drawn intense international scrutiny and is viewed as a barometer of judicial independence and press freedom in the former British colony.

Instituted amid the 2019 pro-democracy protests, the national security law criminalises acts of secession, subversion, terrorism and collusion with foreign entities, with potential penalties up to life imprisonment.

Lai has denied wrongdoing, saying his engagement with foreign officials aimed to inform them about developments in Hong Kong rather than to influence foreign policy.

The prosecution argued that his media activities, including through Apple Daily and allied advocacy groups, sought to solicit sanctions and punitive measures from Western governments, which under the law constituted collusion.

After a trial lasting more than 156 days and spanning over two years, judges delivered an 855-page verdict finding Lai guilty on multiple counts.

He has been held in custody since his arrest in 2020 and has spent much of that time in solitary confinement.

Lai’s legal team intends to seek mitigation at a January 2026 sentencing hearing amid concerns over his deteriorating health, including weight loss, heart problems and diabetes complications.

The conviction has elicited strong reactions from Western governments, including calls for his release from U.K., U.S., European Union and Taiwanese officials, who describe the outcome as damaging to civil liberties in Hong Kong.

Beijing and Hong Kong authorities have defended the proceedings as lawful and necessary to uphold national security and stability.

Supporters of Lai see the verdict as symbolic of a broader contraction of dissent and independent journalism in the territory, while rights groups warn it reflects ongoing erosion of freedoms promised under the “one country, two systems” framework.

Lai’s trial also involved accusations under a revived colonial-era sedition law, and the case has been closely watched by diplomats and legal observers as a test of the city’s rule of law.

The evolution of the trial, including delays due to health and weather issues, and the involvement of foreign legal counsel changes, illustrated the complexity and international attention the case garnered.

Sentencing is scheduled for early next year, when Lai’s fate under the national security regime will be decided.
Needs an $8,000 deposit. has backup batteries, a ballistic parachute, and radar that handles auto-landing. top speed 102 km/h.



Lee will brief Chinese state leaders on Hong Kong’s policy priorities, post-fire response and economic outlook during a three-day trip to the capital
Hong Kong’s Chief Executive John Lee Ka-chiu is set to embark on his annual duty visit to Beijing early this week, where he will meet senior Chinese state leaders to brief them on the Special Administrative Region’s latest economic, social and political developments.

The government announced that Lee’s trip will last three days in the Chinese capital and is intended to facilitate direct reporting to central authorities on major local issues, including recent events such as the devastating fire in Tai Po’s Wang Fuk Court that claimed numerous lives and sparked public conversation about safety and governance.

Alongside key aides, Lee will outline Hong Kong’s policy blueprints, improvements in international ratings and how the city can better serve national strategies under the ‘‘one country, two systems’’ principle.

The visit underscores the routine, institutionalised channel through which the Hong Kong leadership communicates with the central government in Beijing.

Previous duty visits have included meetings with President Xi Jinping and other senior officials, focusing on economic revitalisation, talent development, trade integration and structural initiatives to enhance Hong Kong’s role as a regional hub.

While Lee is in Beijing, Chief Secretary Eric Chan will serve as acting chief executive in his absence.

The meetings are expected to reinforce cooperation between Hong Kong and mainland authorities at a time marked by both policy challenges and sustained efforts to solidify the city’s economic resilience and integration with broader national development priorities.
This is why other nations can’t compete with China. Is chaotic system vs. well planed, designed, implemented system.


City officials set timelines and regulatory roadmaps for integrating passenger drones into the low-altitude economy as part of broader aviation strategy
Hong Kong is moving ahead with plans to develop passenger-carrying drone services, with officials indicating that trials and initial operations could begin within the next two to three years as part of a wider drive to build a low-altitude economy.

Transport and Logistics Secretary Mable Chan set out a phased roadmap at the Airspace Asia Pacific 2025 forum in Hong Kong, where she highlighted the government’s work on integrating advanced drone and electric vertical take-off and landing (eVTOL) aircraft into regulated airspace.

Chan said that Hong Kong’s “Regulatory Sandbox X” has already begun testing heavier logistics drones and advanced applications, and that a comprehensive legislative package enabling heavier, more complex operations — including passenger drones — is expected by the end of 2026. Early phase regulatory changes this year extended drone classifications to cover craft weighing up to 150 kilograms, laying groundwork for future, larger-scale operations that could include human-carrying flights.

The government has emphasised safety and public consultation in shaping the legal framework, noting that passenger drone trials will be carefully controlled and initially focused on less-densely populated areas or island tourism routes to minimise impact on urban airspace.

Industry participants, including local mobility firms and academic partners, are already engaged in research and smaller pilot projects, exploring potential applications such as sightseeing tours, medical logistics and short-haul travel links to outlying islands.

These developments form part of Hong Kong’s broader strategy to leverage its advanced aviation infrastructure, deepen ties with the Greater Bay Area and position the city at the forefront of next-generation air mobility in Asia.

Officials have said that if regulatory and technological milestones are met in the coming years, passenger-carrying drone services could begin limited operations within that two-to-three year horizon, adding a new dimension to Hong Kong’s transport ecosystem.
K-pop star Rain’s headline performance heralds a vibrant start to the Longines HKIR celebration at Sha Tin Racecourse
K-pop luminary Rain delivered a dynamic opening performance at the Longines Hong Kong International Races at Sha Tin Racecourse, drawing thousands of spectators and setting an upbeat tone for one of the city’s premier sporting and entertainment occasions.

The internationally acclaimed singer and performer appeared in the Parade Ring to kick off the raceday programme with an energetic set that blended music and choreography, energising racegoers as they gathered for elite thoroughbred competition.

Rain’s participation was a highlight of the event’s entertainment schedule, designed to complement the world-class racing that forms the core of the Hong Kong Jockey Club’s annual showcase.

Crowds arriving early to Sha Tin were treated not only to Rain’s celebrated stage presence but also to a full day of racing, social experiences and hospitality offerings organised around the Longines Hong Kong International Races, which feature some of the globe’s top horses vying for Group 1 honours.

The event, widely recognised as a climax of the city’s racing calendar, has become a draw for both local fans and international visitors, with the entertainment lineup amplifying its appeal.

Rain’s set underscored the fusion of sport and cultural celebration that the Hong Kong Jockey Club has championed, reinforcing the international character of the Longines HKIR and its role as a landmark occasion in the region’s sporting year.
Mid-market brands and experiential tenants help steady rents amid a prolonged slowdown in high-end retail
Hong Kong’s retail property market is showing signs of stabilisation as new entrants and mid-market brands move in to fill space once dominated by luxury labels, offsetting the impact of a sustained pullback at the top end of the sector.

Leasing activity in key shopping districts has been supported by affordable fashion, lifestyle, food and beverage operators, as well as experiential concepts targeting local consumers rather than high-spending tourists.

Property consultants report that while luxury retailers continue to rationalise their footprints amid changing travel patterns and cautious global demand, vacancy rates have begun to level off as landlords adjust expectations and pricing.

Rents in prime areas remain below pre-pandemic peaks, but declines have moderated, reflecting improved foot traffic and more diversified tenant mixes.

Retailers from mainland China and other parts of Asia have been particularly active, taking advantage of more flexible lease terms and prominent locations that were previously out of reach.

The shift marks a structural rebalancing of Hong Kong’s retail landscape, with less reliance on luxury spending and greater emphasis on everyday consumption and services.

Market participants say the trend has brought greater resilience to retail property performance, even as the sector continues to navigate broader economic uncertainty and evolving consumer behaviour.
Judges prepare to rule on charges against media mogul whose case has become emblematic of the city’s shifting legal and political landscape
Hong Kong’s High Court is poised to deliver a long-awaited verdict in the national security trial of Jimmy Lai, a veteran pro-democracy media tycoon whose case has captured international attention and highlighted deepening tensions over civil liberties in the former British colony.

The verdict, scheduled for delivery by a three-judge panel on Monday morning, follows a protracted trial that stretched more than one hundred and fifty days and examined charges of conspiracy to collude with foreign forces and conspiracy to publish seditious material under the city’s national security law.

Lai, the eighty-year-old founder of the now-defunct Apple Daily newspaper, has pleaded not guilty to the charges and has been held in custody for several years amid concerns about his health and deteriorating conditions in solitary confinement.

Prosecutors alleged that Apple Daily’s reporting and Lai’s contacts with foreign officials and organisations constituted unlawful collusion and publication of material deemed threatening to national security, while Lai’s defence maintained that his actions reflected advocacy for freedom of expression and democratic values rather than criminal conduct.

Supporters queued outside the West Kowloon courthouse overnight ahead of the verdict, illustrating the symbolic significance of the case for Hong Kong’s civil society as the city’s once-pluralistic political environment continues to evolve under Beijing’s tighter governance.

The proceedings, conducted without a jury and before judges appointed under Hong Kong’s legal framework, have drawn scrutiny from foreign governments and rights organisations, both of which have framed the outcome as a bellwether for judicial independence and press freedom in the territory.

Authorities emphasised that the trial has been conducted strictly on the basis of evidence and in accordance with the law, while maintaining that safeguarding national security is a priority.

The ruling is expected to have far-reaching implications for media, politics and civil liberties in Hong Kong, with Lai’s potential sentence — which could include life imprisonment if he is convicted — to be determined and subject to appeal in subsequent proceedings.
The former flagship Democratic Party dissolves after more than three decades as Beijing’s national security crackdown leaves no formal opposition in the city
Hong Kong’s largest and once most influential pro-democracy political party has voted to disband, marking the end of formal liberal opposition in the city’s political landscape after more than thirty years of activism.

Members of the Democratic Party, founded in the mid-nineties ahead of the territory’s return to Chinese rule, overwhelmingly supported liquidation in an extraordinary general meeting as political space for dissent has all but vanished under successive national security measures imposed by Beijing.

The dissolution followed a stringent national security law enacted in 2020 that broadened authorities’ power to suppress dissent and led to the arrest, prosecution or enforced exile of many prominent activists, lawmakers and civil society figures.

Democratic Party chair Lo Kin-hei said members concluded that, given current conditions, dissolving the party was the most viable path forward, even as he expressed pride in its decades-long role advocating for civil liberties, universal suffrage and accountable governance.

Reports indicate that some members received warnings from officials or intermediaries about potential consequences, including possible arrest, if the party did not wind up its affairs.

The move comes after electoral reforms in two thousand twenty-one effectively barred mainstream pro-democracy candidates from contesting legislative elections, further marginalising dissenting voices.

The party’s closure follows a recent series of disbandments by other pro-democracy groups, including the League of Social Democrats earlier this year, leaving Hong Kong’s legislature entirely devoid of organised liberal opposition.

Observers say the rapid disappearance of established opposition parties underscores a dramatic shift in the city’s political culture and reflects the profound impact of Beijing’s tightening control under the “one country, two systems” framework.

Former chairwoman Emily Lau lamented the decision as a significant moment in Hong Kong’s governance history, while veteran members voiced hope that democratic values might one day find renewed expression should the political climate change.
New thrice-weekly Airbus A330 service lands at Melbourne Airport, boosting connectivity, tourism and trade between the regions
Hong Kong Airlines has touched down in Melbourne with the launch of a new direct service that expands air connectivity between Hong Kong and Australia’s second-largest city.

Flight HX013 arrived at Melbourne Airport on Saturday morning, greeted with a traditional water cannon salute by rescue and firefighting crews, marking the airline’s first service to the Victorian capital.

The new route, operated by the airline’s Airbus A330 aircraft, will operate three times weekly on Tuesdays, Thursdays and Saturdays, adding more than ninety-three thousand passenger seats annually between the two cities.

The service follows a recent expansion of bilateral air traffic rights between Hong Kong and Australia, which has opened the door for additional carriers on the route and increased competition.

Melbourne Airport’s chief of aviation said the arrival of Hong Kong Airlines as the airport’s forty-first carrier underscores the growing demand for international travel options and the benefits of expanded air agreements.

Officials from the Victorian government highlighted the positive impact the new flights are expected to have on tourism and the local visitor economy, which has recorded record international numbers in recent months.

In addition to passenger travel, increased flight capacity is anticipated to support freight and export opportunities, further deepening economic ties between Victoria and Asian markets.

Hong Kong Airlines’ chairman welcomed the launch, noting that the Melbourne service enriches the airline’s long-haul network and offers customers greater choice and connectivity.

With onward connections from Hong Kong to destinations across Asia, North America and beyond, the new link positions Melbourne as a key hub in the carrier’s global strategy.
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