No dig gardening - your ultimate guide to the movement of the moment

The trend for no dig gardening is really taking off. Including advice from Charles Dowding, here’s everything you need to know to make it work in your garden

The no dig gardening trend is big news. An increasingly popular way of growing organic vegetables and plants that boosts the soil’s eco-system, it’s a great option if you prefer not to spend hours digging and weeding (that will be most of us then). Happily you will get bigger and better plants too, as well as earlier harvests.

Over to pioneer of the #nodig movement Charles Dowding, who has been doing it this way for years: ‘No dig means soil is undisturbed, and you feed the soil life with organic matter on the surface to maintain drainage and aeration. The use of light-excluding mulches such as cardboard to kill weeds saves time too.’ Fewer weeds germinate in undisturbed soil and compost mulches on the surface make it easy to pull out those that do. So less digging and less weeding all round then.

It’s easy too. Follow the no dig formula of leaving soil undisturbed, feed it with a surface mulch and watch as your plants grow big and beautiful from all those lovely soil organisms that will multiply as a result. Read on to find out how to do it.

What is no dig gardening?


No dig gardening is exactly that. There are three key things to remember though if you want to do it right. Follow these no dig expert tips and all will be well in your plot.

First, soil is undisturbed so organisms can multiply. Digging exposes the soil organisms to drying winds so once your no dig bed is constructed leave it well alone, allowing the micro-nutrients to naturally feed your plants.

Second, soil organisms are fed with organic matter. ‘The system is ideal for organic gardeners as you do not need to add any fertilisers and the soil becomes self-sustaining,’ explains Hayes Garden World expert Angela Slater. ‘It’s also kinder to the environment as it uses less resources. It keeps carbon in the soil, uses less water as it holds onto the moisture and also less soil is lost through run-off.’

Third, no dig increases the ability of plants to find food. Compost mulches improve soil structure and deter slugs. No dig uses less compost than an equivalent dug area as no carbon is lost from cultivating it.



How does no dig gardening work?


No dig has become a key part in modern vegetable garden ideas because all plants rely on good soil to thrive and this should come first when planning and planting a garden. Here’s the science behind no dig: ‘It works on the basis that as soil is a living entity full of micro-organisms, minerals, organic matter, air and water that have formed a complex structure over time, you want to disturb it as little as possible,’ explains RHS gold winner and eco landscape designer Melissa Jolly. ‘There are also huge networks of fungi that form within the soil that help plants take up nutrients.’

Every time we dig the soil we damage and disrupt these delicate networks and destroy the structure, making it more difficult for roots to take up water and minerals. No dig gardening attempts to disturb the soil as little as possible.

What are the benefits of no dig gardening?


This one's easy: it saves time and effort, and boosts productivity. ‘You don’t break your back, it’s easy to manage and there’s less weeds,’ says Yeo Valley Organic’s head gardener Sarah Mead. ‘The most important thing is that you’re not damaging the structure of the soil or disturbing the precious micro-organisms that you need.’

Many gardeners are put off by the thought of having to spend weekends digging up weeds, only to see them grow back the following week. ‘Concepts like double digging and making trenches can also be off-putting if you're thinking about growing your own. No dig doesn’t have the same issues,’ says Miracle-Gro gardening guru Kate Turner. ‘Not only is no-dig gardening good for you, it’s also good for the soil.’

No dig means a better balance of undisturbed soil organisms, such as slug-eating beetles, and unlike dug soil has few mini layers of compaction that makes alcohol. Slugs like alcohol, one reason why digging causes more problems than it can solve.

Replacing mulch is also important to allow continual feeding and packing it around older plants improves growth. Providing you add at least 5cm of organic matter such as compost or leaf mould every year you'll end up with all the richness you need.



What are the eco benefits of no dig gardening?


Livingetc gardening columnist and no-dig enthusiast Poppy Okotcha wishes everyone knew about its potential to do good for the environment, as well as how good it is when it comes to feeding soil life. No dig and organic go hand in hand. One of the main reasons no dig gardening is so popular now is that it’s eco-friendly. The soil is more stable so needs less watering and is rich with nutrients so doesn’t need fertiliser. This has a positive impact on the plants you grow.

‘The first reason to get into no dig is because it saves a lot of hard work,’ says Sarah Mead, ‘but it’s also the easiest way to garden organically, as this method is all about working with nature.’ Every time you stick a spade in the earth you’re disturbing the soil, which is not good as it also disrupts the worms and micro-organisms you need to support the health of the soil. Where you have good soil, you have healthy plants. ‘Gardening organically is a different mindset. You need to slow down, have patience and give everything time, but the benefits to nature are clear wherever you look.’

There's a growing interest in no dig among Melissa Jolly's clients too: ‘No dig soils have better structure, hold water (therefore require less irrigation and create less water run-off which causes flooding), and make nutrients and air more readily available to plant roots. They hold more carbon as you don’t dig the soil releasing carbon into the atmosphere. Clients are now tapping into this sustainability angle.’

No dig basics: pioneer Charles Dowding’s top 5 tips




A world authority on no dig gardening, Charles’ methods resonate with beginners and expert gardeners alike. Find out more here and in the meantime, he shared his best advice with Livingetc on how to get things started...

"You don’t need a large area for a really productive no dig vegetable patch," Charles Dowding says. "One vegetable bed (1 or 1.2 metres width and any length) is all you need to get growing. And you don’t need raised beds, which attract slugs if they start decaying."

It's an easy way to gain control of the weeds. "No dig makes this simple because undisturbed soil grows fewer weeds than you would see after digging," Charles says. "Use cardboard and compost to smother existing weeds, then plant directly into the compost. The surface compost will feed the soil and plants, so there’s no need to buy fertilisers. Roots pass through the decaying cardboard after a couple of months."

The back of seed packets are a goldmine of information. "Learn the best time to sow different type of vegetables," says Charles. "Sowing and transplanting at optimal times gives an increase of harvests from fewer seeds, and a reduction of pests. Understand what garden pests are likely and when, then you can sow seeds to fit around these times. Invest in some netting or mesh to protect your vegetables."

Gardening is more productive when it's little and often rather than just a weekend hobby. "If you can, aim to be out in your garden every day for a shorter time, rather than a much longer session once a week," Charles says. "You’ll get better results with a little daily input."

Why garden designers love no dig




Garden designers around the country are responding to the trend. ‘I’m lucky enough to live in the next-door village to no-dig pioneer Charles Dowding,’ says garden designer Jane Follis ‘I went on a one-day course at his home a couple of years ago and I’ve been using his methods ever since. It works a treat and my vegetables (particularly salad crops and brassicas) have never been better. I’m hoping to extend this method into my large flower borders this year.’

Clients too are wising up to the benefits of no dig. ‘I’ve found over the last few years that more clients are looking for a garden that’s all about relaxing and entertaining, so going ’no dig’ is top of their list as it frees up more time for enjoying their outdoor space,’ says garden designer Raine Clarke-Will ‘Some of the plants I love to include in no dig schemes for clients include Nepeta ‘Walker’s low’ and Stachys byzantine, which are both fabulous for encouraging bees and butterflies so tick the eco-friendly box too.’

How to get started with no dig




First identify the ground you wish to turn into no dig. Cover the area with a weed suppressing barrier. Ideally this would be brown cardboard as it will biodegrade over a year while suppressing all light and killing the weeds underneath. You need to make sure you cover the soil, overlapping the cardboard if necessary so you have no gaps where weeds can germinate. Avoid old carpets and horticultural membranes as they can contain plastic.

Cover the entire area with a thick layer of any organic matter, either compost or well-rotted manure. The key is to top it with at least 15cm above your cardboard barrier in the first year. You can get started by planting straight into this compost. The following year top up the organic matter by another 5cm then repeat every year.

Remember you are feeding the soil not the plants. This makes the plant healthier as the soil works its magic. That’s basically it!

Why does no dig mean less weeding?


Less weeds germinate in undisturbed soil, and compost mulches on the surface make it easy to pull out weeds or to run a hoe through the surface. Light hoeing and raking is fine, usually the top 3cm which is your surface mulch of compost.

If you have woody or strong perennial weeds like nettles and docks it may be sensible to cut them back to the ground before covering as they may break through the cardboard.

Keep on top of any annual weeds by hand weeding. More virulent weeds shouldn’t be a problem as the cardboard will exclude the light they need to grow. You are always going to get some annual weeds that are blown in on the wind but they are easily pulled out.

The no dig vegetable garden - everything you need to know




Now the all-important part: what to grow. Read on to find out what our experts recommend about one of the most popular modern garden ideas, and if you're keen to be part of the no dig grow your own trend.

How to plan a no dig vegetable garden: your step by step guide


1. If you’re starting a new plot from scratch over grass or weeds you’ll need a layer to block out the light to what’s already growing. Letting them die back in situ will also release nutrients into the soil. Cardboard is ideal as it will gradually break down over time. It should be the non-shiny type and free of tape and staples. Lay it so it overlaps and no light can get through.

2. On top of this spread a layer of organic matter and firm it down. ‘Think about what your organic matter is going to be,’ says garden designer Hannah Phillips ‘It could be compost, well-rotted manure, green waste soil improver (often available free via local recycling) or spent mushroom compost. You’ll be looking to use this annually to mulch the beds.’ You want to aim for around 15cm of material to plant into.

3. If you have free-draining sandy or heavy clay soil it's important to lay down thick layers of compost and mulch whereas it’s not quite as important if you have a good friable loamy soil. ‘A good thick bed will keep the roots out of the wet clay if the ground soil becomes waterlogged,’ says Angela Slater. Sandy soil doesn’t hold on to moisture and nutrients so a good thick bed is essential for providing a beneficial environment for soil organisms.

4. If you want to start planting seedlings at this point (and if it’s the right time of year for what you want to grow) you can. By the time the roots reach the layer of cardboard it will have started to break down which feeds the soil (worms love cardboard!) and the roots can make their way to the soil beneath.

What is the best time of year to start a no dig garden?


You can start your no dig bed when ever you like. ‘It can be constructed at any time of year unless the ground is frozen as the bed will act as a blanket and prevent it thawing,’ says Angela Slater.

Many experts think spring is the best time to establish a no dig bed. ‘You can start a no-dig garden whenever you want but it’s always best to make the most of the growing season. Start it by early spring so you can get everything growing,' says Sarah Mead. ‘A no-dig garden can be both productive and pretty. Don’t forget about doing the same with your flower beds too.’

There are benefits to doing it in autumn too though. ‘The optimum time would be autumn or spring, either once you’ve harvested most of your crops or before you start sowing and planting,’ says Kate Turner. ‘If you have a perennial weed problem, I’d recommend that you start in the autumn as this is when weeds start to die off.’

How big should a no dig vegetable garden be?




Construct each bed so that it's approximately 1 to 1.2 metres wide so you can reach the centre from both sides. The length is entirely up to you and what works for your particular patch. Planks can be used to retain the soil or you can just heap it up on the surface. Start with a sheet of cardboard, and make sure it’s thoroughly soaked. This will suppress any weed growth. If your soil is fairly weed free you can skip this stage. Next add a good thick layer of compost or manure.
What equipment do you need to make a no dig vegetable garden?

One of the best things about no-dig gardening is that you need very little equipment. Some cardboard and organic matter, which can be garden or store-bought compost or manure, are all it takes. Plus it helps to have a spade and wheelbarrow to move the organic matter around.

What soil mix should you use in a no dig vegetable garden?


Ideally existing free-draining soil if you’re lucky enough to have it. However, not having the right conditions is no barrier to the no dig approach. ‘Just put your cardboard weed barrier down directly on top of grass if you want to convert a grass area into a productive bed,’ says Sarah Mead.

When it comes to buying compost, choose one that allows you to work with nature as opposed to against it. A natural peat-free topsoil is better able to withstand extended periods of drought or rain that can lead to wash-away. ‘The clay found in natural soil benefits from shrink and swell characteristics which means the structure of the soil remains constant, thereby avoiding cracking and splitting after periods of long exposure,’ says Simon Hedley of The Real Soil Company. ‘This leads to continuous and strong plant support throughout the growing cycle.

Choose a product like SuperSoil which benefits from naturally occurring micro-organisms and is packed with vital minerals for high yielding and nutritional fruit and vegetables, and healthy pest-resistant plants and flowers.’

What are the best fruit and vegetables to grow in a no dig garden?


What you mulch with and how thick the layer is will dictate what you can grow in the first year. ‘Courgettes, pumpkins, squash and potatoes will all be very happy growing this way and can easily send their roots down into the soil below,’ says horticulturist Rebecca Bevan @GreedyGreenBean, who has just written a new gardening book for the National Trust. In the second year you should be able to grow whatever you want as the compost will have broken down. But really the choice is yours. ‘Grow whatever you like to eat,’ says Sarah Mead. ‘You can do anything you want with the no-dig method, there aren’t really any rules.’

Just make a hole, plant your vegetable seedlings and water in well. Once they become established and have developed a good root system they will need less water. ‘No dig beds are ideal for growing vegetables, fruit and flowers for cutting. If you’re growing strawberries packing straw around them keeps the fruit clean and off the soil,’ says Angela Slater.

There's more good news. No dig experts like Charles Dowding debate whether traditional plot rotation (moving the position of the types of veg you’re growing because of the different nutrients they take from the ground each year) is even necessary when you use a no dig system as you are constantly replenishing the soil.

How to avoid slugs in a no dig vegetable garden


Organise your plot so you can avoid slugs in the first place, with no dark nooks and crannies for them to lurk in. This is why many no-dig veg patches avoid wooden borders. ‘A really good place to start is to locate your veg patch in a sunny place, not only does it help with your growing, but the slugs don’t like it,’ says Sarah Mead. You can also let your seedlings get a bit bigger before planting out so they’re not as vulnerable to attack. If all that fails set up beer traps or use copper tape.

In the first year if you're using cardboard or membrane, you may find you have a few more slugs hiding underneath. ‘However in the following season you will have fewer as there will be nowhere for them to hide,’ says Kate Turner. ‘Plus, you will have encouraged ground beetles in the undisturbed organic matter and they love to eat slugs.’

If slugs are a problem in your garden use compost as the main mulch, and avoid wooden sides around beds to reduce places where they can hide.

Straw can be used as a final mulch but many gardeners find that it harbours slugs. ‘If slugs do become a problem there are many organic measures you can take to get rid of them, from using crushed beech leaves, upturned orange skins, fine oatmeal, beer traps or just going out at night with a torch and picking them off,’ says Angela Slater.

It will be so worth it when you harvest armfuls of nibble free roots and leaves from your no dig patch.

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Hong Kong Disneyland Emerges as a Standout Global Travel Destination

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.
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OneRobotics Launches Hong Kong IPO to Fuel Expansion in AI-Enabled Robotics

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.
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Jimmy Lai’s Conviction in Hong Kong Marks Intensifying Crackdown on Dissent

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.
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Hong Kong Unveils Central Yards Harbourfront Project Featuring Landmark Theatre

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.
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Hong Kong Erects World’s Largest Bamboo Altar in Cultural Milestone

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.

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Hong Kong Shares Slide Again as Tech Leaders Retreat on Artificial Intelligence Concerns

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.
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There was no federal income tax the first 137 years in America was a country.

Everything changed in 1913 with The Federal Reserve Act & 16th Amendment (Income Tax).
America’s wealth was built on productivity, and stolen by usury. 
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Hong Kong Exchange Rewrites Listing Rules to Bolster Global Financial Hub Status

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.
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Elior Group Starts Training Programme for Hong Kong’s Emerging Aircraft Disassembly Sector

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.
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Phoenix’s Nearly $400 Billion Economy Ranks Just Behind Hong Kong on Global Scale

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.
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Goldman Sachs Explores Exposure to New World Development Debt

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.
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The mega-rich are giving up on luxury assets. Forget fine wine, great art and glitzy mansions

The growth in ultra-luxury services



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The latest stories from the AI revolution



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Ford announced it would discontinue multiple electric-vehicle models and absorb a $19.5 billion write-down due to slumping demand and the Trump administration's rollback of EV incentives in the US



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Music played in a wedding hall in western Japan as Yurina Noguchi, wearing a white gown and tiara, dabbed away her tears, taking in the words of her husband-to-be: an AI-generated persona gazing out from a smartphone screen


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Xi Jinping Praises Hong Kong and Macao Progress, Reinforces ‘One Country, Two Systems’ Vision

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.
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UOB Faces Headwinds from Hong Kong and China Property Loan Stress as Real Estate Prices Fall

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.
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China’s Biren Technology Moves Forward with Hong Kong IPO Plan After Regulatory Nod

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.
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Jimmy Lai Found Guilty in Landmark Hong Kong National Security Case

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.
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Hong Kong Jobless Rate Steadies as Labor Market Shows Signs of Stabilization

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.
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War on the Thailand–Cambodia Front

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.


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Hong Kong Regulator Flags Fraud Risk and Market Volatility Amid Stablecoin Licensing Surge

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.
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Hong Kong Welcomes Global Digital Leaders as SIGGRAPH Asia 2025 Opens

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.
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China’s Sieyuan Electric Plans Hong Kong Listing After Massive Share Price Rally

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.
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Hong Kong Customs Uncover Cocaine Hidden in Ship’s Sea Chest Using Underwater Technology

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.
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Jimmy Lai’s Conviction Caps Years-Long Legal Battle Under Hong Kong’s National Security Law

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.
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China’s Genius Convertible Wedding Tent

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Hong Kong’s Deadly Fire and Political Upheaval Cast a Long Shadow Over U.S.–China Relations

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.
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Jimmy Lai’s Daughter Says She Is ‘Grieving’ After His Conviction, Appeals for Support

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.

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Hong Kong High Court Convicts Media Tycoon Jimmy Lai of Sedition and National Security Offences

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.

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Jimmy Lai, Hong Kong Media Tycoon and Long-time Beijing Critic, Convicted Under National Security Law

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.
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HSBC’s Plan to Take Hang Seng Bank Private Secures Independent Committee Backing

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.
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Hongkong Land Completes Targeted Share Repurchase as Part of Capital Strategy

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.
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Greater Bay Area Advances First Commercial eVTOL Air-Taxi Link Between Hong Kong and Shenzhen

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.
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Hong Kong Crypto Exchange HashKey Raises US$206 Million in Landmark IPO

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.

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Experts Warn Hong Kong May See Rising Debt Restructuring and Business Liquidations Amid Economic Strain

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.
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Key Facts About the National Security Trial of Hong Kong Media Tycoon Jimmy Lai

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.
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The Jetson ONE personal air vehicle costs $128K. You can fly it without a pilot license after a quick 5-day training course.

Needs an $8,000 deposit. has backup batteries, a ballistic parachute, and radar that handles auto-landing. top speed 102 km/h.



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Hong Kong Chief Executive John Lee to Begin Annual Beijing Duty Visit

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.
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China’s success is by design: Every product and its supply chain are tied to one huge city the size of a nation.

This is why other nations can’t compete with China. Is chaotic system vs. well planed, designed, implemented system.


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Hong Kong Outlines Ambitious Plan to Trial Passenger-Carrying Drones Within Two to Three Years

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.
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Rain Electrifies Opening of Hong Kong International Races as Crowds Flock to Sha Tin

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.
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New Retail Entrants Stabilise Hong Kong’s Property Market as Luxury Pulls Back

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.
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Hong Kong Court Set to Deliver Verdict in Jimmy Lai’s Landmark National Security Trial

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.
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Hong Kong’s Last Pro-Democracy Party Votes to Disband Amid Intensified China Pressure

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.
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Footage of the gunmen around Bondi Beach during the terror attack. One of the gunmen has been named as 24-year-old Naveed Akram



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Hong Kong Airlines Inaugurates Direct Flights to Melbourne, Strengthening Asia-Australia Air Links

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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US Proposal to Require Five Years of Social Media History From Visitors Raises Privacy and Travel Concerns

The Trump administration’s plan to expand social media vetting to all foreign travellers represents a major shift in US border screening
The United States is considering a significant expansion of its travel screening procedures that would require almost all foreign visitors, including tourists from visa-waiver countries, to disclose up to five years of social media history before entering the country.

The proposal, published by the Department of Homeland Security and U.S. Customs and Border Protection, would make social media disclosure a mandatory data element for travellers applying through the Electronic System for Travel Authorization, or ESTA, which allows passport holders from about forty-two countries to visit the United States for up to ninety days without a visa.

Under the planned rule, applicants would need to provide usernames and identifiers for all social media accounts used over the past five years, along with additional personal information such as past email addresses, phone numbers, and extensive family details.

The new requirement builds on earlier changes in 2025 that expanded social media vetting for student, work and other visa categories, reflecting the government’s broader effort to enhance what it describes as national security screening.

Supporters of the plan argue that deeper insight into travellers’ digital footprints could help identify potential threats before arrival and strengthen border security, particularly in the context of evolving global risks.

Critics, however, contend that mandating such detailed online disclosures risks infringing on privacy and freedom of expression, and could deter tourism, business travel and cultural exchange just months before major international events like the 2026 FIFA World Cup.

They have raised concerns that extensive digital data collection and review might chill legitimate online speech and burden travellers and companies with complex compliance demands.

The proposal is currently open for a public comment period of sixty days, and its final form and implementation timeline remain uncertain, meaning the changes would not take effect until after that review and any revisions.
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Hong Kong Disneyland Emerges as a Standout Global Travel Destination
OneRobotics Launches Hong Kong IPO to Fuel Expansion in AI-Enabled Robotics
Jimmy Lai’s Conviction in Hong Kong Marks Intensifying Crackdown on Dissent
Hong Kong Unveils Central Yards Harbourfront Project Featuring Landmark Theatre
Hong Kong Erects World’s Largest Bamboo Altar in Cultural Milestone
Hong Kong Shares Slide Again as Tech Leaders Retreat on Artificial Intelligence Concerns
Xi Jinping Praises Hong Kong and Macao Progress, Reinforces ‘One Country, Two Systems’ Vision
UOB Faces Headwinds from Hong Kong and China Property Loan Stress as Real Estate Prices Fall
China’s Biren Technology Moves Forward with Hong Kong IPO Plan After Regulatory Nod
Jimmy Lai Found Guilty in Landmark Hong Kong National Security Case
Hong Kong Jobless Rate Steadies as Labor Market Shows Signs of Stabilization
War on the Thailand–Cambodia Front
Hong Kong’s Deadly Fire and Political Upheaval Cast a Long Shadow Over U.S.–China Relations
Jimmy Lai’s Daughter Says She Is ‘Grieving’ After His Conviction, Appeals for Support
Hong Kong High Court Convicts Media Tycoon Jimmy Lai of Sedition and National Security Offences
Jimmy Lai, Hong Kong Media Tycoon and Long-time Beijing Critic, Convicted Under National Security Law
Hong Kong Chief Executive John Lee to Begin Annual Beijing Duty Visit
Hong Kong Outlines Ambitious Plan to Trial Passenger-Carrying Drones Within Two to Three Years
Rain Electrifies Opening of Hong Kong International Races as Crowds Flock to Sha Tin
New Retail Entrants Stabilise Hong Kong’s Property Market as Luxury Pulls Back
Hong Kong Court Set to Deliver Verdict in Jimmy Lai’s Landmark National Security Trial
Hong Kong’s Last Pro-Democracy Party Votes to Disband Amid Intensified China Pressure
Thailand Condemns Cambodian Rocket Attack on Civilian Village
Critics Denounce Hong Kong Legislative Council Election as a Masquerade Amid Low Turnout and Public Anger
Hong Kong Food Expo Vendors Anticipate Strong Sales Growth on Back of Larger Crowds and Good Weather
Hong Kong Launches One-Stop Professional Services Platform to Help Mainland Chinese Firms Expand Globally
Hong Kong’s 2025 Legislative Council Election Exposes Political Apathy and Systemic Constraints
Hongkong Land Shares Hit Twelve-Month High as Property Outlook Improves
Saudi Aviation Club and Samson Sky Forge Partnership to Bring Switchblade Flying Cars to the Kingdom
BAPE Launches First All-White Concept Store and Café in Hong Kong’s Iconic 1881 Heritage
Verdict in Jimmy Lai’s National Security Trial Nears, Intensifying Diplomatic Tensions
Cambodian Forces Intensify Attacks Across Seven Border Sectors; Thai Military Responds with Drones and Artillery
Hong Kong Faces Noticeable Chill This Weekend as Temperatures Dip to Around Fifteen Degrees
JD.com’s Jingdong Industrials Unit Sees Share Price Decline on Hong Kong Market Debut
Hackers Are Hiding Malware in Open-Source Tools and IDE Extensions
Traveling to USA? Homeland Security moving toward requiring foreign travelers to share social media history
JPMorgan Predicts Near-Twenty-Percent Gains for Hong Kong and China Stocks in 2026
Hong Kong Security Office Warns Foreign Media Over ‘False Information’ Ahead of Election
Indian Airports in Turmoil as IndiGo Cancels Over a Thousand Flights, Stranding Thousands
China Sees Sharp Jump in Number and Wealth of Billionaires Amid Tech and EV Boom
Hong Kong Luxury Sales Continue to Rise in October on Tourist Rebound
Hong Kong Fire Survivor Struggles With the “Hero” Label Amid Guilt and Grief
Hong Kong Fire Death Toll Climbs to 159 as Authorities Order Scaffolding-Net Sweep Citywide
Chinese Autonomous-Driving Firm Momenta Files for Hong Kong IPO Amid Shift from U.S. Markets
Hong Kong’s Fire-Response Highlights Eroding Divide with Beijing as Security Pressures Rise
Hong Kong Detains 13 on Manslaughter Charges After Fatal Tower-Block Fire
Silent Resistance: How Hong Kong’s Young Activists Are Surviving Under Deepening Repression
Beijing Warns Against Using Hong Kong’s Tai Po Fire as Pretext for Unrest
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Hong Kong Investigates Corruption and Safety Failures After Deadliest Fire in Decades