Ministry of Finance plans dollar-denominated issuance on November 3 to deepen offshore yield curve and widen international investor access
China’s Ministry of Finance has announced a transaction to sell up to US$4 billion in dollar-denominated sovereign bonds in Hong Kong on 3 November.

The issuance, the first of its kind in the territory since 2021, is aimed at creating a more reliable offshore yield curve and strengthening China’s funding strategy in global capital markets.

Investors will receive further details in the run-up to the offering—including maturity spectrum, coupon guidance and investor allocations—and registration documents will be made available in the days ahead.

Market commentary notes the timing of the transaction amid heightened global funding volatility and China’s broader goal of enhancing offshore issuance channels.

By returning to Hong Kong for its sovereign dollar-bond issuance, Beijing signals renewed confidence in the territory’s role as a gateway for international investors.

The move also underscores China’s intent to diversify its funding sources through global financial hubs as it grapples with domestic growth-headwinds and external economic pressures.

Analysts expect the deal to attract a wide geographic mix of buyers—leveraging Hong Kong’s deep investor base and familiar legal framework—and view the transaction as establishing a benchmark for future Chinese sovereign dollar bond issuance in the offshore market.
Special Administrative Region rejects British foreign office assertion that national security laws have eroded autonomy
Hong Kong authorities have issued a strong condemnation of the United Kingdom’s latest monitoring report, describing the document’s comments as “untruthful remarks, slanders and smears” and viewing them as unwarranted interference in the city’s internal affairs.

The British report—submitted under the UK’s six-monthly obligation to the Sino-British Joint Declaration—contended that Hong Kong’s national security legislation has impaired local political autonomy and contributed to a wave of emigration.

A government spokesman in Hong Kong stated that Britain lacks the entitlement to interfere in what are fundamentally China’s internal matters and argued that the UK continued to apply “double standards” in criticising legislation such as the national security law and the implementation of Article 23 of the Basic Law.

The statement asserted that Britain’s actions amounted to “bullying” and posed a risk of “perverting the course of justice” by discrediting Hong Kong’s judicial system.

The UK document referenced the case of former media proprietor Jimmy Lai and others pursued under national security provisions, noting it was “hardly surprising” hundreds of thousands of people had departed the city for territories where freedoms are perceived as better protected.

Hong Kong’s response described these remarks as deliberately distorting the truth, warning the UK against glorifying unlawful behaviour and applying undue pressure on the courts.

Since July 1997 the British foreign secretary has been required to provide biannual reports to Parliament on the implementation of the joint declaration.

Experts say the latest exchange reflects widening diplomatic tensions between London and Beijing, as the UK continues to maintain its rights under the treaty, while Hong Kong and mainland authorities decry the reports as a vestige of colonial oversight.

The development underscores ongoing friction over how Hong Kong’s legal and institutional evolution is viewed internationally and highlights the divergent perspectives of China and the United Kingdom on the city’s autonomy and governance framework.
Fair highlights innovation, sustainable eyewear and the growing link between vision care and travel
More than six hundred and sixty exhibitors from nineteen regions and countries will gather at the Hong Kong Convention and Exhibition Centre from 5 to 7 November 2025 for the 33rd Hong Kong International Optical Fair.

The event will showcase trend-setting eyewear designs, cutting-edge optical technologies and a substantial emphasis on sustainability.

A key focus this year is the interplay between eyewear and tourism, as brands and destination-marketing firms explore how vision care and premium eyewear products can enhance the traveller experience.

Alongside the main floor, the ASEAN Pavilion and Zhejiang Pavilion will feature international exhibitors and spotlight halal-certified eyewear options, reflecting the industry’s growing sensitivity to cultural and regional travel demands.

Senior vision-care needs will also take centre stage at the accompanying Optometric Symposium, with experts from Hong Kong, Australia, Singapore and the United Kingdom addressing new products and services tailored to ageing travellers and inclusive tourism.

With senior-tourist numbers rising, product lines such as lightweight lenses, adaptive frames and mobile vision-testing solutions are being prioritised.

Organisers stress that the fair serves not just the traditional optics supply chain but also a rising cohort of travel-related buyers seeking eyewear that aligns with active, style-led, experience-driven journeys.

Exhibitors will profile travel-and-leisure-oriented ranges — from adventure sports goggles and UV-resistant sunglasses to designer frames intended for sightseeing and wellness retreats.

Sustainability remains a major theme: numerous companies will launch eco-friendly collections made from recycled materials or with minimal environmental impact, tapping into both conscious-consumer and travel-experience trends.

The show’s organisers note that as destinations seek to differentiate themselves, eyewear brands and tourism operators are collaborating more closely to embed vision-care solutions into travel offerings.

With the optical fair now positioning itself at the intersection of fashion, function and tourism, Hong Kong is reaffirming its role as a global platform for the eyewear industry’s next chapter.
Industry leaders urge alignment of Hong Kong’s regulatory framework with China’s digital-asset ambitions to boost regional fintech development
Industry specialists are urging closer collaboration between Hong Kong and mainland China to advance the digital-asset and cryptocurrency industry across the region.

At the 11th Global Blockchain Summit in Shanghai, participants emphasised that aligning regulatory standards and innovation strategies would allow both jurisdictions to more effectively develop crypto ecosystems.

Hong Kong has emerged as a key player in the crypto space following the passage of its Stablecoin Ordinance in August 2023, and the region has since built out regimes for virtual-asset trading platforms and fiat-referenced tokens.

Mainland China, despite its domestic ban on most cryptocurrency trading since 2021, has shown interest in engaging with Hong Kong’s framework—particularly through efforts to launch offshore renminbi-pegged stablecoins and to tap Hong Kong’s regulatory gateway.

At the summit, Wanxiang Blockchain and HashKey Group chairman Xiao Feng argued for the development of common standards and regulatory collaboration to keep pace with rapid blockchain evolution.

Representatives from Hong Kong’s Cyberport called for stronger ties with mainland stakeholders, noting that greater coordination would support both talent flows and cross-border issuance.

Analysts suggest that such cooperation could assist China in advancing its digital-renminbi ambitions and international-payment innovation, while providing Hong Kong with a unique role as an offshore bridge for digital-asset services.

However, recent developments underline caution: major Chinese tech firms paused their plans to issue stablecoins in Hong Kong after direct intervention by mainland regulators, underscoring the need for careful alignment of regulatory intent and market expansion.

While Hong Kong continues to expand its digital-assets regulatory regime—issuing licences for virtual-asset trading platforms and preparing for a managed rollout of stable-coin issuance—the success of cooperation depends on how mainland authorities engage with offshore frameworks and how cross-jurisdictional licensing, compliance and capital-flow controls are handled.

Experts say that a structured partnership could reinforce Hong Kong’s fintech positioning and deepen China’s digital-asset integration globally.
Hong Kong Trade Development Council’s Autumn event draws global tech players as AI, embodied robotics and silver-economy solutions take centre stage
The 45th Hong Kong Electronics Fair (Autumn Edition) and the 28th electronicAsia have affirmed Hong Kong’s role as a global tech sourcing hub, drawing nearly sixty-thousand buyers from 142 countries and regions during the four-day event.

Organisers said more than 3,200 exhibitors from twenty countries and regions participated, highlighting the city’s international reach and the event’s growing significance.

Artificial intelligence and robotics technology formed the core theme this year, alongside digital entertainment and the silver economy, underscoring a shift from consumer gadgets to advanced solutions for industry and ageing populations.

The newly introduced RoboPark zone offered over thirty live robot demonstrations by major players such as Unitree Robotics, Booster Robotics and Hong Kong-based SOTA Robotics, whose humanoid performer CURI Gen2 marked a milestone for local innovation.

Stand-out technologies included BrainCo’s Revo2 bionic dexterous hand and Ascentiz’s modular exoskeleton for elderly mobility.

Hong Kong Trade Development Council Deputy Executive Director Jenny Koo described the fair as a reflection of the city’s position as a bridge between China’s innovation engine and the global market.

The hybrid “EXHIBITION+” online-and-offline format—including the AI-enabled Click2Match business matching platform—underscored how the event is adapting to new business-networking models.

An onsite survey found that 44 per cent of exhibitors and buyers are exploring or integrating generative AI technologies, with applications in product design (60 per cent), customer service (40 per cent) and marketing (35 per cent).

Over half of respondents (51 per cent) expect revenue growth in the next 12 to 24 months, with the Middle East (77 per cent), Korea (70 per cent), India (69 per cent) and ASEAN markets (69 per cent) cited as significant growth regions.

Emerging-market demand translated into deals: PaXini Technology, a Shenzhen-based robotics firm, secured tens of millions of renminbi in expected orders during the fair, and Shanghai Hi-Dolphin Robot Technology closed a US$450 000 sale of ten COFE+ robot coffee kiosks to a Turkish buyer while generating 200 new leads.

Buyers from Malaysia’s Robopreneur Sdn Bhd and UAE’s Alraja Trading FZC signalled major sourcing intentions of around US$2 million and US$1.5 million annually respectively.

Forums, symposia and the Startup Zone further underscored the event’s role as a global innovation platform.

The 10th Symposium on Innovation & Technology explored robotics applications across land, sea and sky, while the Startup Zone featured over ninety young companies launching forward-looking tech.

With the fair once again delivering high-calibre global participation and deals, Hong Kong reinforced its status as a gateway for the electronics industry’s next chapter.
Pilot scheme to begin November 4 targeting over 200,000 under-privileged patients across 74 public clinics
From 4 November, Hong Kong’s health authorities will launch a pilot priority-access scheme in which thirty per cent of quota spots at public family-medicine outpatient clinics will be reserved for designated under-privileged groups.

The initiative aims to expand affordable primary-care access for over 200,000 residents.

Eligible individuals include recipients of the Comprehensive Social Security Assistance, residents aged 75 or above who receive the Old Age Living Allowance, those using Residential Care Service Vouchers for the Elderly and recipients of the Working Family Allowance Scheme.

Under this arrangement, the Hospital Authority’s seventy-four family-medicine clinics will set aside spots for those seeking treatment for episodic illnesses such as influenza, colds and gastroenteritis.

Quota allocations will be monitored and adjusted according to service needs across districts.

Through this targeted approach, authorities intend to relieve burden on general outpatient services and redirect resources toward vulnerable populations.

By focusing early treatment in the community setting, the scheme also aligns with Hong Kong’s broader strategy to build a stronger primary-health-care foundation.

The Health Bureau emphasised that the scheme is a pilot and will be reviewed for effectiveness before any full-scale roll-out.

Patients and clinicians will be closely monitored to assess uptake, health outcomes and resource distribution.

The pilot represents a significant step in the government’s efforts to enhance equity in health-care access for the city’s ageing and lower-income citizens.
Smart detection system trial to begin early 2026 in ten pilot buildings as city targets cost-effective upgrades in vulnerable structures
Hong Kong’s Fire Services Department has initiated a pilot programme to install an Internet-of-Things (IoT) fire-detection system in ten older buildings across ten districts, with the objective of rolling out the technology to around 3,600 structures that currently lack full fire-safety facilities.

The trial, scheduled to begin early in the new year, aims to assess whether the advanced sensors and alert system can provide rapid detection and reduce costs in low-rise buildings of six storeys or fewer.

Under the initiative, each pilot installation will take approximately two weeks and is expected to cost about HK$200,000 (US$25,700) per building.

By contrast, the conventional requirement of installing full hose-reel systems and fire-service pumps in such buildings can take five to six years and cost roughly HK$600,000 according to the department.

Deputy Chief Fire Officer Wong Yuk-ping said the scheme was grounded in “extensive scientific reasoning, with computer models on a theoretical level and real-fire trials to further prove its effectiveness.” The new system employs multi-sensor detectors linked to a central monitoring platform, allowing alerts to be sent directly to the Fire Services Communications Centre and occupants within minutes of detection.

Buildings eligible for the plan are those six storeys or under that have not yet installed conventional fire-safety infrastructure.

The pilot outcomes will determine how and when the broader rollout will begin, with the installation phase for the 3,600 targeted buildings expected from the second quarter of 2026. Support from professional bodies has already been secured: the Hong Kong Institution of Engineers’ Fire Division stated it “fully supports the Pilot Scheme of Internet of Things Fire Detection System”.

The initiative forms part of a broader strategy to enhance fire-safety standards in the city’s ageing building stock.

Authorities say the technology-smart approach offers a faster, less intrusive and more cost-effective alternative for structures where installing traditional water-based system upgrades is technically difficult or financially burdensome.
Beijing pledges strategic proactivity and domestic-market focus as it charts its 2026-30 roadmap amid mounting global headwinds
China’s leadership has announced that the coming five-year period will be characterised by “strategic proactiveness” and an emphasis on reinforcing the domestic market, signalling a shift in the country’s approach to global economic uncertainty.

In a press conference following the fourth plenum of the Communist Party of China Central Committee, senior officials said the world’s second-largest economy will prioritise producing tangible goods, driving technological progress and managing external risks to ensure growth “remains within a reasonable range”.

Deputy director Han Wenxiu of the Party’s economic affairs office stressed that the next half-decade is a pivotal phase to achieve the goal of “basically realising socialist modernisation” by 2035. He said China now “possesses many favourable factors for proactively managing the international space and shaping its external environment.” The statement came as China develops its 15th five-year plan (2026-30) under Xi Jinping’s leadership, with approval expected early next year.

One major focus will be boosting household consumption and reducing reliance on external markets.

Officials announced plans to “significantly” raise the share of household consumption in the economy, and to increase investment in people’s livelihoods and social sectors, responding to structural imbalances and demographic pressures.

At the same time, technological self-reliance remains central: China will accelerate development in areas such as semiconductors, artificial intelligence and new-energy manufacturing amid external export restrictions.

The leadership also pledged to “take economic development as the central task,” a strategic phrase not used in the preceding planning cycle, signalling a pro-growth adjustment.

Analysts noted that stabilising the domestic economy while projecting steadiness externally is intended to “inject certainty” into an increasingly volatile global economy.

The policy repositioning arrives at a time when China faces slowing growth, trade friction with the United States and an ageing population.

While details of the plan remain under preparation, Chinese media emphasised that China’s governance model, long-term roadmap planning and industrial policy framework are intended to offer “confidence and opportunity” to external partners and markets.

With global trading partners and investors watching, China’s next move will test the strength of its domestic re-orientation and its geopolitical adaptability for years to come.
As UOB marks its 90th anniversary, CEO Wee emphasizes stewardship, ASEAN ambition and long-term discipline over consolidation
Wee Ee Cheong, deputy chairman and chief executive officer of United Overseas Bank (UOB), frames the lender’s next chapter in terms of cultivation rather than conquest.

The bank this year celebrates ninety years since its founding in 1935, and Wee underscores a priority on preserving foundational culture while building for the future.

“Stewardship is the most important; to make the bank more forward-looking, more future-proof,” he says.

Under Wee’s leadership since 2007, UOB has made strategic expansions across Southeast Asia, including the acquisition of Citigroup’s consumer banking operations in Indonesia, Malaysia, Thailand and Vietnam in 2022—an audacious move that accelerated regional scale by five years.

Wee observes: “We are a big tanker; we are shifting,” reflecting how the bank is repositioning its trade, payments and regional enterprise platforms to meet evolving customer needs.

Wee embraces the family legacy—UOB was founded by his grandfather, Wee Kheng Chiang and later built under his father, Wee Cho Yaw—but places even greater emphasis on culture than lineage.

He likens the bank to one of his bonsai trees: rooted in tradition yet ever adapting.

He insists that UOB’s culture is its “right roots”, enabling it to thrive even if markets or leadership change.

Looking ahead, he points to ASEAN as UOB’s core geography.

He states that focusing on Malaysia, Indonesia, Thailand and Vietnam already covers eighty per cent of the region’s market opportunity and notes that staying true to that footprint is a strategic decision.

Technology investment remains central: the bank plans to channel multi-billion-Singapore-dollar funding into an integrated regional platform to enable customers to transact seamlessly across borders.

Succession is also addressed head-on.

Wee says his children are free to pursue their own paths and are not obliged to join the bank.

“I’m not hung up on being a family-run bank,” he remarks.

Instead, he aims to prepare the institution for newer leadership—whether familial or professional—armed with the same commitment to values, resilience and regional growth.

As UOB enters its next ninety years, Wee’s message is clear: consolidation and size are less important than long-term discipline, regional connectivity and a culture that sustains ambition across generations.
Robotic installations surge in 2024 as China counters workforce contraction and strengthens its automated manufacturing base
China’s manufacturing sector recorded a landmark deployment of approximately 295,000 industrial robots in 2024, contributing to a total active stock of 2.027 million units and cementing its position as the world’s largest market by a wide margin.

This data, drawn from the International Federation of Robotics’ 2025 World Robotics Report, reveals that China’s annual installations accounted for around 54 per cent of global unit demand.

The rollout of robots arrives as China’s population shrank for a third consecutive year, with a decline of about 1.39 million in 2024. The automation surge is increasingly viewed as a strategic response to ageing demographics and a tightening labour supply in manufacturing-intensive industries.

The report highlights that for the first time domestic Chinese robot manufacturers overtook foreign suppliers in home-market share, capturing 57 per cent of installations in 2024. Demand remains concentrated in sectors such as electronics (83,000 units) and automotive (57,200 units), while expansion into processing industries like textiles, wood and food is gaining traction.

Analysts observe that while automation cannot fully replace human ingenuity in areas such as innovation or complex decision-making, the shift enables factories to maintain output and productivity amid structural demographic headwinds.

This combination of scaling robots and improving workforce training underpins China’s ambition to transform manufacturing in the era of artificial intelligence, new energy and smart production.

As China leads the global automation race, industry watchers will monitor the next challenge: integrating robots with advanced digital systems, developing humanoid and service-robot technologies, and ensuring the remaining workforce can adapt to higher-value manufacturing roles.
Hong Kong’s men’s XVs suffer nine-try defeat in front of home crowd ahead of Rugby World Cup build-up
Hong Kong’s national men’s rugby team received a harsh reality check on Friday when Japan A put nine tries past them in a 59-14 defeat at Kai Tak Stadium.

The visitors made a blistering start, with centre Yuya Hirose scoring in the fourth minute, and the game became largely one-way traffic from there.

By half-time Japan A had established a commanding lead thanks to further tries from wings Kazuma Ueda and Tomu Takamoto, as well as lock David van Zeeland.

After the break, hooker Shodai Hirao finished a catch-and-drive, centres Yuto Mori and Hirose added to the tally, and replacements Shuntaro Kihara and Ichigo Nakakusu also touched down.

Hong Kong’s two scores came from captain Josh Hrstich in the first half and hooker Calum Scott in the second, but head of technical rugby Andrew Douglas admitted his side had fallen short despite good preparation.

“I’m pretty disappointed, to be honest,” he said.

“We’ve come off a really good week in Japan, played two Japanese teams… but disappointed with that result.

I was expecting better.”

The margin and manner of defeat raise concerns about Hong Kong’s readiness as their next World Cup cycle nears.

While the team will take lessons from this outing, the result underscores the gap to high-level opposition and the need for sharper execution and resilience.

For Japan A, the performance reinforced their depth and intent ahead of future first-team engagements on the global stage.
New business in the first half of 2025 jumps fifty per cent as high-net-worth individuals fuel wealth and legacy planning
Hong Kong’s life-insurance industry recorded a record HK$173.7 billion (US$22.3 billion) in new policies during the first half of 2025, an increase of fifty per cent from HK$115.9 billion a year earlier.

The figure, released by the Insurance Authority, marks the highest first-half-sales tally since the regulator’s establishment in 2016.

Industry executives attribute the surge to growing demand from high-net-worth individuals in Hong Kong and mainland China who are seeking savings, protection and estate-planning solutions.

In a recent comment, the chief executive of one major insurer observed that Hong Kong has “solidified its position as a leading international insurance and wealth-management hub.”

A survey by a joint team of insurers and auditors found that nearly sixty per cent of such affluent individuals in mainland China, Hong Kong, Macau and Taiwan favour insurance policies as a vehicle to transfer wealth across generations.

The Hong Kong government’s goal of attracting 220 family offices by 2028, following 200 brought in between 2023 and 2025, is seen as supporting this trend.

The Insurance Authority did not separately disclose the breakdown of new-policy sales to mainland buyers versus local investors, but market analysts note a notable cross-border component and observe that the territory’s favourable regulatory regime and tax structure enhance its appeal for sophisticated insurance buyers.

Insurers also say that product innovation — particularly in health-protection, savings and longevity planning — and digital sales channels are further supporting growth.

Looking ahead, the industry expects the trend to extend into the second half of the year, although some firms caution that regulatory reforms scheduled for mid-2025 and competition could moderate growth.

Nonetheless, the first-half results reinforce Hong Kong’s standing as a centre for global insurance and wealth-management business.
A study of 80 cities finds rent takes up 61 % of median disposable income in Hong Kong, with Bangkok and Mumbai even worse off
Hong Kong has been identified as the fourth-least affordable city in the world for renters, according to a global review published by asset manager DWS.

The 2025 report, covering 80 major cities, finds that average net rent for a two-bedroom flat in Hong Kong accounts for around 61 per cent of median household disposable income, up from 55 per cent in the previous year.

The report notes that the five least affordable markets are concentrated in Asia, with Bangkok leading the list at 79 per cent followed by Mumbai at 66 per cent, Hong Kong at 61 per cent, then Mexico City and Johannesburg.

The cities were cited as being challenged by high rent burdens, constrained supply and slow income growth.

DWS analysts highlight that the rental strain is compounded by the inflow of overseas talent, foreign students and demand for international housing in Hong Kong, which has pushed private rents towards near record highs.

At the same time, median household incomes have failed to keep pace with rental escalation, driving the affordability squeeze.

The widening gap between income and housing cost has raised concerns among policymakers and social-housing advocates.

While Hong Kong has consistently featured among the world’s most unaffordable housing markets, this rental assessment underscores how the issue touches not just buyers but long-term renters as well.

The report’s findings may add pressure on local authorities to boost supply of rental units and provide stronger support for low- and middle-income households.

For comparative context, more affordable markets typically see rents consuming less than 30 per cent of disposable income—well below the levels observed in the least affordable cluster.

In many of those cities, strong wage growth, abundant housing supply or both enable greater balance.

In Hong Kong’s case, the interplay of tight land availability, high property prices and robust international demand continues to drive rental pressure despite government efforts to intervene.

The DWS report adds to an emerging consensus that housing affordability—in both ownership and rental markets—represents a major structural risk for urban economies in Asia-Pacific, and that Hong Kong remains among the most exposed.
Paul Chan visits Beijing Municipal Administrative Centre and Xiongan New Area with delegation to draw lessons for Hong Kong’s future development
Hong Kong’s Financial Secretary, Paul Chan Mo-po, has concluded a three-day delegation to Beijing and Hebei Province where he met Director Xia Baolong of the Hong Kong and Macao Affairs Office and toured the Beijing Municipal Administrative Centre and the Xiongan New Area to study mainland planning and financing practices that could inform Hong Kong’s Northern Metropolis development.

Leading the forty-strong group, Chan described the visit as deeply inspiring, noting that both planning zones exhibited a “magnificent planning vision.” He stressed that the experiences observed on the mainland offer valuable reference points as Hong Kong advances the Northern Metropolis and other strategic infrastructure projects.

During the meetings in Beijing, Chan reported on the city’s economic and financial situation, thanked the central authorities for support in reinforcing Hong Kong’s role as an international financial centre, and emphasised the need to integrate the city’s development with the country’s broader modernisation agenda.

He also visited authorities such as the National Financial Regulatory Administration and the Beijing International Data Exchange, exploring cooperation in data infrastructure, talent flows and financial connectivity.

At Xiongan, the delegation examined financing models, land-use planning, infrastructure delivery mechanisms and integrated smart-city technologies.

Chan indicated that Hong Kong will study these mechanisms closely as it works to accelerate the Northern Metropolis initiative and enhance its infrastructure financing capacity.

Xia Baolong reaffirmed central government support for Hong Kong under the “one country, two systems” framework and called on the city to seize opportunities, innovate and align with national development strategies.

The interactions reinforce the mutual commitment to integrate Hong Kong’s development with national goals.

The trip signals Hong Kong’s renewed emphasis on major infrastructure and cross-border integration as it seeks to revitalise growth amid macroeconomic headwinds.

Chan said that the insights gained will help inform the city’s next steps in planning, financing and execution of strategic developments.

Implementation of insights and actual adaptation of mainland models will now depend on further internal processing, and policy announcements are expected in the coming months as the Northern Metropolis evolves into a flagship urban-development blueprint for Hong Kong’s future.
Police report more than 60 phishing incidents in two weeks after victims received fake delivery messages and handed over bank details

Hong Kong’s police force has disclosed that at least two residents fell victim to a courier-impersonation scheme in which scammers sent falsified text messages about damaged parcels and then intercepted bank account details. One individual reportedly lost over HK$1 million (US$128,200) after responding to a message claiming a delivery through the e-commerce platform Pinduoduo. The suspect told the victim their package was damaged and that a refund would require them to provide banking information. After the transfer allegedly ‘failed’, the fraudster claimed account abnormalities and extracted further details.

The force’s CyberDefender social-media channel said more than 60 phishing cases were logged in the past two weeks alone, with combined losses exceeding HK$6 million. Officers cautioned that the volume and sophistication of courier-style SMS scams are increasing. As part of recent alerts, the Anti-Deception Coordination Centre listed warnings under “SMSs purportedly from couriers,” advising the public to reject unsolicited messages urging contact with a claimed delivery company.

Police emphasised that real delivery firms do not seek financial information such as account numbers or one-time passwords via SMS or phone calls. Staff also noted that when a transaction or refund claim involves asking for bank login credentials, verification via an independent channel is essential. The Hong Kong Monetary Authority recently launched its “Smart Seniors Anti-Scam Ambassador Programme” to bolster awareness, especially among older adults, of evolving phishing methods.

Authorities urge anyone targeted by such messages to cease communication immediately, refrain from transferring funds or providing credentials, and report the incident to their bank and the Hong Kong Police Force’s Crime Wing Information Centre at 2860 5012. Recovery of funds is often difficult once transfers are made. The police warned that these scams remain highly active and adaptable, and vigilance is critical.

Shanghai-based aircraft maker will display C909 and C919 jets in first-ever Middle East showing as it seeks regional buyers
China’s state-owned aircraft manufacturer Commercial Aircraft Corporation of China (COMAC) is set to make its debut at the Dubai Airshow from 17–21 November 2025, signalling a push into Middle Eastern aviation markets.

The exhibitor list confirms COMAC will appear among some 1,500 firms at the landmark trade event.

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COMAC’s display will highlight its narrow-body C919 and regional C909 aircraft, both of which the company hopes to market internationally as it looks to expand beyond its Chinese home base.

Analysts say the move is a key step in its challenge to the longstanding duopoly of Airbus and Boeing.

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The timing is significant.

China’s trade and infrastructure ties with the Middle East have grown markedly in recent years, in part via the Belt and Road Initiative.

Observers note the region’s major carriers and leasing firms are coming under pressure as Airbus and Boeing face production constraints and certification issues.

COMAC’s entry comes amid a broader shift in global aviation power-balances.

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At the Dubai event, COMAC is expected to capitalise on its first-ever showing in the Gulf region by conducting flying displays and showcasing up to four aircraft, according to organisers.

While it faces certification hurdles—particularly outside China—the company is aiming to win regional orders and signal its readiness to serve international markets.

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For Middle Eastern airlines, the prospect of a Chinese alternative gains relevance amid congestion of A320 and 737 production slots and growing interest in broadening supply sources.

COMAC’s participation offers Gulf operators a potential new partner amid evolving fleet strategies.

Though COMAC is yet to secure major export orders from the Gulf, its Dubai Airshow appearance marks a strategic milestone in its overseas push and may lay the groundwork for future contracts and certifications in the region.
The charity signs new MOUs to control dengue and vector-borne disease at Cambodia’s Techo Airport and Funan Techo water-management corridor
Hong Kong-based charitable organisation GX Foundation announced this week that it has signed two new memoranda of understanding in Cambodia, marking a major step in its public-health outreach within Belt and Road infrastructure projects.

On 21 October, the foundation entered agreements with Cambodia Airport Investment Co. and Funan Techo Coastal-Inland Waterways Co. to launch “Health Risk Prevention against Dengue Fever and Other Vector-Borne Diseases” initiatives.

The projects will cover Cambodia’s new Techo International Airport and the Funan Techo Integrated Water Resources Management Project—a China-Cambodia infrastructure venture spanning some 180 kilometres.

Under the agreements, GX will donate and install mosquito-control equipment—such as mosquito lamps, bed nets and sticky fly traps—in construction camps, terminals and office zones.

It will also deploy educational materials on disease prevention for construction workers, airport staff and local communities.

GX Chairman Leung Chun-ying said the collaboration “reflects the evolving scope of the Belt and Road Initiative—progressing from building infrastructure to safeguarding human health, and from creating economic corridors to jointly building a global community of health for all.”

The foundation emphasised that the projects are conducted on a pro-bono basis and designed to benefit local populations.

At the Techo water-management site, GX will focus along the canal, flood-control and irrigation infrastructure from Phnom Penh Port through Kandal, Takéo, Kampot and Kep provinces.

At the Techo Airport, the charity will target high-risk zones inside the terminal where passengers, staff and nearby communities converge.

GX said this intensifies its work in Cambodia—building on earlier dengue-control collaborations with the Phnom Penh–Sihanoukville Expressway and cataract-treatment programmes in other provinces.

Leung explained that many large infrastructure corridors in the region can become vectors for mosquito-borne diseases, especially during construction phases when standing water accumulates or work-forces are temporarily resident.

He said Chinese infrastructure corporations were “seriously considering the social dimension” of their operations and GX’s role is to supply health-risk control in tandem.

The partnerships illustrate how humanitarian organisations and infrastructure firms can co-operate to preserve health while delivering large-scale projects.

With the expansion of these programmes, GX Foundation is advancing its mission of “people-to-people connectivity” within the Belt and Road framework, particularly in public-health and humanitarian assistance.

The groups involved view the new MOUs as reinforcing ties between China and Cambodia and promoting the communities that work and live around major infrastructure developments.

The next phase will emphasise deployment of equipment and local training, with results expected to be reported over the coming months.
Office of the U.S. Trade Representative opens formal investigation as President Trump heads to Asia for talks with President Xi
The United States Trade Representative has announced a formal investigation into China’s adherence to the 2020 ‘‘Phase One’’ trade agreement signed under President Donald Trump’s first term.

The probe, announced on Friday, cites China’s alleged failure to fulfil commitments on purchasing U.S. goods and services, intellectual-property protection, forced technology transfer and market access reforms.

The agreement, signed in January 2020, obligated China to increase its purchases of U.S. exports by approximately two hundred billion dollars over two years, alongside structural reforms in technology and services.

China has since fallen significantly short of the targets, with some estimates suggesting it met only around sixty percent of its agreed purchases.

The investigation is being conducted under Section 301 of the Trade Act of 1974 and will include a public comment period starting on October 31 through December 1, followed by a public hearing scheduled for December 16. The move gives the Trump administration another tool to consider new tariffs or other trade remedies if non-compliance is confirmed.

The timing adds leverage ahead of President Trump’s planned meeting with Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation summit in South Korea.

U.S. negotiators hope the investigation will sharpen Beijing’s incentives to address long-standing trade and technology-policy concerns.

In his statement, the U.S. Trade Representative emphasised that “this investigation underscores the Trump administration’s resolve to hold China to its Phase One Agreement commitments, protect American farmers, ranchers, workers and innovators, and establish a more reciprocal trade relationship for the benefit of the American people.”
China Rare Earth Group backs Beijing’s sweeping licensing regime for critical minerals as tensions with the United States escalate
China Rare Earth Group, a state-backed conglomerate formed in 2021 and among the country’s largest producers of rare-earth elements, has publicly committed to “strictly enforcing government guidance” on newly expanded export controls for critical minerals.

The pledge came amid heightened U.S. disapproval of Beijing’s October export-licensing measures and underscores the alignment of major industry actors with national strategic priorities.

In a statement published on 24 October 2025, the group said that in a “complex and challenging external environment” all its operations must conform to national laws and policies and identified regulatory compliance as a “key operational focus” for the fourth quarter.

The move is seen as real-time support from a major industrial entity at a moment when China is consolidating its global influence over rare-earth supply chains.

Beijing’s Ministry of Commerce announced on 9 October an expanded export-control framework that covers rare-earth metals, processing technologies and components, including products made abroad with Chinese origins or technology.

The controls target sectors such as defence, semiconductors and advanced manufacturing, and bar licences for overseas defence users.

The timing — ahead of a scheduled meeting between President Donald Trump and President Xi Jinping — has been interpreted as a deliberate strategic signal.

The United States has reacted sharply.

Officials have condemned China’s measures as an attempt to weaponise global supply chains and have threatened countermeasures, including tariffs and export-licensing restrictions on critical technology.

At the same time, Beijing continues to defend its actions as legitimate regulation of exports in the interest of national security and industrial sovereignty.

Analysts say the industry pledge reinforces that China’s rare-earth policy is entering a sustained phase in which leading domestic firms will act as front-line enforcers of state strategy.

For global supply-chain stakeholders, the question now is not just whether licences will be issued, but how long waits will be, how non-Chinese firms will be treated and how downstream dependencies will adjust.

With rare-earths foundational to motors, electronics, magnets, defence systems and clean-energy deployment, the interplay between state-industry alignment in China and international responses may shape competitive-advantage dynamics for years to come.
Industry leaders and academics warn that Chinese tertiary science and engineering programmes lag behind real-world needs despite high enrolments
China’s universities are facing growing scrutiny over science, technology, engineering and mathematics (STEM) education amid concerns that students are being trained on curricula decades old and ill-suited to emerging technologies.

Robotics entrepreneur Wang Xingxing — founder of leading firm Unitree Robotics — criticised the system as fostering “a stark gap” for those entering university only to study materials he said were two decades behind frontier knowledge.

Despite China’s official claim to have risen to second globally in STEM education development, a recent analysis shows that while freshmen score well in STEM and critical-thinking assessments, progress stalls or even reverses during their university years.

In one study, students in major engineering fields made negligible gains over two years and then regressed, raising questions about whether curricula are sufficiently practical and forward-looking.

Industry and academic voices say the problem lies in a persistent emphasis on theory and traditional textbook content, relative to hands-on training, interdisciplinary work and rapidly evolving fields like artificial intelligence, quantum computing and new energy systems.

One commentary warned a mismatch between supply and industrial demand could create a structural challenge for China’s ambition to lead in innovation.

Institutions are responding.

China’s top universities are expanding STEM-related intake and launching new degree programmes in fields such as integrated circuits, biomedicine and new energy.

Meanwhile, reform advocates call for curricula that emphasise real-world problem-solving, project-based learning and closer ties to industry partners.

Yet observers caution that the speed and scale of reform may struggle to keep pace with China’s broader technological ambitions.

With the stakes high — including innovation leadership, global competitiveness and economic transformation — the quality of STEM education will be considered a key determinant of China’s next phase of development.
As US President Donald Trump arrives in Kuala Lumpur for the ASEAN summit, Prime Minister Anwar Ibrahim must juggle trade ties with Washington and deep economic links to Beijing.
Trump’s Visit to Malaysia Puts Anwar’s Diplomatic Balance to the Test
Vault at Hong Kong International Airport holding almost one-hundred-and-fifty tonnes of gold is being scaled up to one thousand tonnes as the city focuses on establishing a global precious-metals ecosystem.
Hong Kong Expands Gold Vault at Airport to Cement Global Trading Hub Ambition
Senior operations veteran to take helm on November 23 following predecessor’s elevation to global executive role
Tim Sypko Appointed President and Managing Director of Hong Kong Disneyland Resort
Over 660 exhibitors from 19 countries to gather in Hong Kong from November 5 to 7, highlighting smart eyewear, elderly vision care, and sustainable design.
Hong Kong International Optical Fair 2025 to Showcase Innovation and Global Collaboration
Export restrictions on advanced lithium-ion battery technology by Beijing complicate the US Army’s hybrid propulsion plans for the next-generation M1 Abrams
China’s Lithium Battery Export Curbs Pose Challenge for US Abrams Tank Upgrade
White House confirms bilateral summit in Busan as President Donald Trump begins key Asia trip ahead of APEC
Trump to Meet Xi in South Korea on October 30 as US-China Relations Face Test
HMAS Ballarat ports at Sihanoukville as part of Indo-Pacific Endeavour, enhancing ties with Cambodia’s navy
Australian Frigate Visit to Cambodia Reinforces Bilateral Naval Cooperation
Questions mount over methodology after World Intellectual Property Organization places China tenth in 2025 innovation index despite its commanding knowledge-and-technology performance
U.S. Innovation Ranking Under Scrutiny as China Leads Output Outputs but Ranks 10th
China’s autonomous-driving firm lodges application for up to 102 million shares in Hong Kong as revenue jumps 76 % year-on-year in Q2 2025.
Pony AI Files for Hong Kong IPO and Reports Strong Q2 Surge Ahead of Dual-Listing
Senior HSBC executive departs following the bank’s scaling back of its China digital-wealth platform ‘Pinnacle’
HSBC Wealth Chief Trista Sun to Exit Amid China Digital-Wealth Retreat
Major Chinese and Hong Kong-listed firms including Bank of China, Sinopec and BYD roll out third-quarter results this week, offering a live gauge of China’s growth and sector trends.
China & Hong Kong Earnings Season Kicks Off Amid Hang Seng Index Focus
State demands reimbursement after Gotion Inc. is judged to have abandoned its Michigan factory plan ahead of U.S.–China summit
Michigan Pulls $175 Million Incentive from China-Linked Gotion Battery Plant Project
Brussels targets Chinese oil companies in latest package of measures as Beijing issues strong rebuke
EU Sanctions Two Chinese Refineries and Hong Kong Trader for Aiding Russia’s War Economy
American scholar commends Hong Kong’s openness and criticises Washington’s restrictions on basic science collaboration with China
Nobel Laureate Randy Schekman Blames US for China Science Impasse, Praises Hong Kong’s Research Climate
Despite China’s strong science and tech output, the Global Innovation Index accords first place to Switzerland, sparking debate over ranking methodology
China Enters Global Innovation Top Ten as Switzerland Retains Crown
Luxury carmaker pivots away from battery-electric vehicles amid demand slump, reviving combustion and hybrid models under incoming executive leadership
Porsche Reverses EV Strategy as New CEO Bets on Petrol and Hybrids
Lawrence Wong says there is no nation ready to replace US leadership as he urges swift action on trade and alliances
Singapore’s Prime Minister Warns of ‘Messy’ Transition to Post-American Global Order
Finance Minister emphasizes digital innovation as key driver of economic growth.
Thailand’s Finance Minister Ekniti Nitithanprapas highlighted the nation’s 300-billion-baht investment in digital infrastructure and innovation during the APEC Finance Ministers’ Meeting.

He underscored that the initiative aims to strengthen Thailand’s competitiveness, promote inclusive economic growth, and position the country as a regional leader in digital transformation across both public and private sectors.
Farmers warn of steep losses after prices fall below three baht per fruit amid shrinking exports.
Thailand’s aromatic coconut industry is facing a severe downturn as Vietnamese producers gain dominance in the lucrative Chinese market.

Farmers report prices dropping below three baht per coconut, leading to an estimated five hundred million dollars in losses nationwide.

Growers accuse the government of neglecting the crisis, while analysts point to Vietnam’s lower logistics costs and higher export volumes as key factors behind the shift in market preference.
The beloved Thai dish reflects centuries of cultural fusion and culinary identity.
Khanom Jeen, often mistranslated as a ‘Chinese snack,’ is in fact a uniquely Thai creation that highlights the country’s rich history of culinary adaptation.

Made from fermented rice noodles and served with a variety of flavorful curries, the dish showcases how Thai cuisine has absorbed linguistic and cultural influences while maintaining its own distinct identity.

Food historians say its name reflects ancient trade connections, but its preparation and taste remain entirely Thai.
Health Ministry aims to attract high-spending patients from South Asia to boost healthcare exports.
Thailand’s Ministry of Public Health is advancing its ‘Medical Economy’ initiative by focusing on South Asian markets with millions of high-spending clients.

The move is designed to strengthen Thailand’s position as a regional hub for international healthcare, with the private sector reporting continued growth in medical tourism and cross-border health services.
New ‘Green City’ vision aims to make the area an open, accessible space for the public.
Dhanarak Asset Development has unveiled plans to transform Thailand’s Government Complex into a sustainable ‘green city’ that integrates workspace, recreation, and community living.

The initiative was highlighted through the inaugural ‘Green City Fun Run’ event, signaling a shift toward making the area a vibrant public hub rather than a purely administrative zone.
Agreement to include mine clearance and military withdrawal along the Sa Kaeo frontier.
Thailand and Cambodia are poised to sign a long-awaited border agreement during the upcoming ASEAN Summit, focusing on demining operations and the withdrawal of armed forces along the Sa Kaeo border.

Thai officials expressed confidence that the accord will strengthen bilateral cooperation and contribute to long-term stability in the region.
Two nations agree to advance rice exports and finalize ASEAN Digital Economy Framework.
Thailand’s Commerce Minister held a virtual summit with Singapore’s Deputy Prime Minister Gan Kim Yong to enhance bilateral trade and digital cooperation.

The two sides discussed finalizing a rice trade pact, expanding agricultural exports, and accelerating the ASEAN Digital Economy Framework, reaffirming their shared commitment to sustainable regional growth and innovation.
Thai-led resolution on transnational scams sidelined at Inter-Parliamentary Union in Geneva.
Cambodia has aligned with China to oppose a Thai-led resolution on combating transnational scams during the 151st Inter-Parliamentary Union meeting in Geneva.

The move effectively sidelined Thailand’s proposal, underscoring shifting diplomatic alignments and intensifying regional competition over influence in international policymaking.
Bangkok receives $395 million boost from major studios and anti-piracy alliance.
Thailand’s film sector is receiving a significant boost with $395 million in new investments as Hollywood studios expand their production presence in Bangkok.

Industry leaders from the Motion Picture Association and the Alliance for Creativity and Entertainment hailed Thailand’s growing role as a global filmmaking destination and praised the country’s ongoing crackdown on digital piracy.
Leader calls for stability and cooperation as power shifts reshape world order.
Singapore’s Prime Minister has cautioned that the world is entering a potentially turbulent transition period as global influence shifts away from the United States.

He urged nations to work toward a more stable and cooperative international framework, warning that missteps in adapting to a post-American order could lead to instability and geopolitical fragmentation.
Joint exercises highlight long-standing military cooperation between both nations.
The Republic of Singapore Air Force has conducted joint training operations with the United States Air Force in the Idaho desert, focusing on advanced aerial maneuvers and tactical coordination.

The exercises underscore the enduring defense partnership between Singapore and the U.S., aimed at enhancing regional security and operational readiness in complex combat environments.
Hong Kong Denounces UK Monitoring Report as 'Smears' and Interference
Over Six Hundred Exhibitors Confirmed for 33rd Hong Kong International Optical Fair in November
Experts Call for Hong Kong–Mainland China Cooperation to Drive Crypto Sector Growth
AI and Robotics Dominate 45th Hong Kong Electronics Fair with 60,000 Buyers from 142 Countries
Hong Kong to Reserve Thirty Per Cent of Family-Medicine Clinic Quotas for Low-Income and Elderly Residents
Hong Kong Launches IoT Fire-Alarm Pilot for 3,600 Older Buildings
China Vows to ‘Inject Certainty’ into Global Economy with Next Five-Year Strategy
UOB’s Wee Ee Cheong Cultivates a Vision for the Bank’s Next Ninety Years
China Installs Nearly 300,000 Industrial Robots amid Population Decline to Maintain Manufacturing Edge
Trump’s Visit to Malaysia Puts Anwar’s Diplomatic Balance to the Test
Hong Kong Expands Gold Vault at Airport to Cement Global Trading Hub Ambition
Tim Sypko Appointed President and Managing Director of Hong Kong Disneyland Resort
Hong Kong International Optical Fair 2025 to Showcase Innovation and Global Collaboration
China’s Lithium Battery Export Curbs Pose Challenge for US Abrams Tank Upgrade
Trump to Meet Xi in South Korea on October 30 as US-China Relations Face Test
Australian Frigate Visit to Cambodia Reinforces Bilateral Naval Cooperation
U.S. Innovation Ranking Under Scrutiny as China Leads Output Outputs but Ranks 10th
Porsche Reverses EV Strategy as New CEO Bets on Petrol and Hybrids
Singapore’s Prime Minister Warns of ‘Messy’ Transition to Post-American Global Order
China Presses Netherlands to “properly” Resolve the Nexperia Seizure as Supply Chain Risks Grow
Japan stocks surge to record as Sanae Takaichi becomes Prime Minister
Hong Kong set to co-host China’s Fifteenth National Games in historic multi-city edition
Thailand and South Korea Set Ambitious USD 30 Billion Trade Goal in Leadership Call
Alibaba, Ant Acquire Hong Kong’s One Causeway Bay Offices in Landmark Deal
Shenzhen Expo Spotlights China’s Quantum Step in Semiconductor Self-Reliance
China Accelerates to the Forefront in Global Nuclear Fusion Race
China Imposes Sanctions on South Korean Shipbuilder Over U.S. Ties
Russia Positions ASEAN Partnership as Cornerstone of Multipolar Asia at Kuala Lumpur Summit
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
DJI Loses Appeal to Remove Pentagon’s ‘Chinese Military Company’ Label
Guangdong Motorists to Enjoy Three-Day Stays Under New Hong Kong Arrivals Plan
State Department Adviser Ashley Tellis Charged After FBI Finds Over 1,000 Classified Pages at His Home
EU Deploys New Biometric Entry/Exit System: What Non-EU Travelers Must Know
China Issues Policy Documents Exclusively in Domestic Office Format Amid Tech Tensions
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
China’s lesson for the US: it takes more than chips to win the AI race
Volunteer Network Empowers Ethnic Minority Women in Hong Kong with Career Access
The Davos Set in Decline: Why the World Economic Forum’s Power Must Be Challenged
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
Foreign-Worker Housing Project in Kutchan Polarises Japan’s Demographic Debate
Japan’s Ruling Party Elects First Female Leader
Syria Holds First Elections Since Fall of Assad
Central Asia’s Economies Poised for 6.1% Growth in 2025
India’s GST Collections Surge to ₹1.89 Lakh Crore in September
ADB Approves New Country Strategy to Boost Indonesia’s Growth
Indian Firms Take Lead in Electronics Manufacturing Push