New regulatory filings show a previously little-known firm amassed one of the largest positions in BlackRock’s Bitcoin ETF late last year.
A previously little-known Hong Kong-based company has emerged as the largest new holder of BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, after building a stake worth approximately $436 million in late 2025.

Recent regulatory disclosures indicate that the firm accumulated millions of shares in the exchange-traded fund over the final quarter of the year, positioning it among the most significant institutional investors in the product.

The size and speed of the purchases have drawn attention across digital asset markets, where large inflows into US-listed Bitcoin ETFs are closely monitored.

IBIT, launched as part of a wave of spot Bitcoin exchange-traded funds approved in the United States, has attracted substantial institutional capital since its debut.

The fund allows investors to gain exposure to Bitcoin without directly holding the cryptocurrency, and it has become one of the largest vehicles of its kind globally.

Market analysts say the emergence of a Hong Kong-based investor as a major shareholder underscores the international reach of US-regulated digital asset products.

While Hong Kong has taken steps to position itself as a regional hub for virtual asset trading, access to US-listed ETFs remains an avenue for global investors seeking regulated exposure to Bitcoin.

The identity, ownership structure and strategic intent of the firm have not been widely detailed beyond the regulatory filing.

Observers note that cross-border investment flows into digital asset products can reflect a range of motivations, from long-term portfolio diversification to tactical positioning amid price volatility.

Bitcoin prices experienced notable fluctuations in late 2025, influenced by macroeconomic policy shifts, institutional adoption trends and regulatory developments across major markets.

Large ETF allocations are often interpreted as signals of institutional conviction or hedging strategies tied to broader asset allocation models.

The substantial IBIT position held by the Hong Kong entity is likely to prompt further scrutiny from market participants seeking clarity on the source and objectives of the capital.

For now, the filings confirm that a new and sizable international player has taken a prominent place among the fund’s shareholders, highlighting the continued globalisation of digital asset investment.
Hong Kong court imposes one of the harshest sentences under Beijing’s national security law, prompting international condemnation and concerns over press freedom
Jimmy Lai, the 78-year-old Hong Kong media tycoon and pro-democracy advocate, has been sentenced to twenty years in prison by a Hong Kong court after being convicted under China’s national security law.

The sentence was handed down on February 9, 2026, concluding a legal saga that has drawn intense international attention and highlighted deep-seated tensions over civil liberties in the semi-autonomous city.

Lai, a British citizen and founder of the now-defunct Apple Daily newspaper, was convicted in December 2025 on multiple counts, including conspiracy to collude with foreign forces and publishing seditious materials.

The convictions stemmed from activities related to his media operations and alleged communications with foreign entities, charges that Lai and his supporters have vehemently denied.

Prosecutors argued that Lai’s actions breached provisions of the national security legislation introduced in 2020 to tighten control over political expression in Hong Kong.

The 20-year sentence is among the most severe ever imposed under the national security law and reflects the court’s finding that the offences were of a “grave nature.” Lai’s legal team had sought leniency on grounds of his age and deteriorating health, but the court indicated it would not grant significant concessions.

Supporters and civil liberties observers have described the penalty as effectively a life term given Lai’s advanced age.

International reactions were swift.

The United States Department of State described the sentencing as “unjust and tragic,” urging authorities to consider humanitarian parole given Lai’s age and prolonged detention.

Governments including the United Kingdom, where Lai holds citizenship, also criticised the ruling, with London officials characterising the term as tantamount to a life sentence and urging further diplomatic engagement on his behalf.

Human rights organisations have condemned the case as a significant blow to press freedom in Hong Kong.

Human Rights Watch called the sentence a “devastating blow” to independent journalism, urging global partners to press for consequences for officials responsible for Lai’s imprisonment.

The Committee to Protect Journalists similarly warned that the sentencing underscored broader erosions of media freedom in the city.

Lai’s family has expressed profound sorrow over the sentence, with his son describing it as “heartbreaking” and raising concerns over his father’s health in custody.

Lai has remained incarcerated since his arrest in 2020, with supporters saying his continued detention exemplifies the shrinking space for dissenting voices in Hong Kong’s public life.

The case has become emblematic of wider shifts in Hong Kong’s legal and political environment since the imposition of the national security law, which has been used to silence critics and dismantle the city’s once-vibrant pro-democracy movement.

Observers note that the sentencing may have implications beyond Hong Kong’s borders, influencing how other jurisdictions view China’s approach to civil liberties and foreign relations.
Security Bureau updates travel advisory as incidents targeting Chinese nationals and broader risks prompt warnings for Hong Kong residents
The Hong Kong Security Bureau has updated its outbound travel guidance for Japan, urging residents who plan to visit or are already there to exercise heightened caution amid a series of safety concerns.

The advisory reflects a growing trend of incidents involving attacks on Chinese nationals in Japan since mid-2025, and it aims to ensure that travellers remain vigilant and well informed about evolving conditions.

In its updated travel alert, the bureau reminded prospective visitors and current travellers to monitor local announcements about safety developments closely and to pay attention to consular information issued by Chinese diplomatic missions in Japan.

The advice comes alongside a broader travel warning from mainland Chinese authorities, which have similarly advised their citizens to reconsider travel plans to the country in light of recent events.

The Hong Kong advisory highlights that incidents affecting the safety of Chinese nationals in Japan have attracted attention, prompting authorities to reinforce the importance of personal security.

Travellers are also encouraged to stay aware of natural and public safety developments, such as local emergency notices, while making necessary preparations ahead of their trips.

While no specific travel bans have been instituted, the updated guidance underscores the importance of informed decision-making and vigilance when travelling internationally.

Hong Kong residents who require assistance overseas are advised to contact relevant consular services for support and to keep abreast of the latest safety information before and during their visit.
After comprehensive regulatory preparations, Hong Kong is poised to start issuing stablecoin licences under its pioneering framework
Hong Kong is approaching a pivotal moment in its long-term stablecoin strategy as the city’s regulatory regime for digital assets transitions from design to implementation, signalling a climactic stage in its bid to become a leading stablecoin hub.

Hong Kong formally brought its Stablecoins Ordinance into force on August 1, 2025, establishing one of the most structured regulatory frameworks in Asia for fiat-referenced stablecoins and requiring any issuer of such digital assets to hold a licence from the Hong Kong Monetary Authority (HKMA).

Under the regime, stablecoin issuance, redemption mechanisms, reserve management and anti-money-laundering safeguards are subject to detailed supervision designed to balance innovation with financial stability safeguards.

Throughout 2025, the HKMA worked to finalise guidelines and publish explanatory notes clarifying licensing procedures and transitional provisions for existing market participants.

This groundwork has prepared the authority to begin reviewing licence applications and assessing operational readiness among prospective issuers.

Industry participants and observers note that the initial uptake of the licensing regime could have outsized implications for Hong Kong’s broader virtual asset ecosystem and cross-border financial connectivity.

By establishing clear legal parameters for stablecoin issuers and offering predictability to investors, the city aims to attract global digital finance firms seeking regulated access to Asia’s markets.

Market flows and experimental issuance under earlier sandbox initiatives engaged selected participants in testing real-world stablecoin frameworks, indicating a depth of preparatory work behind the scenes.

Beyond industry interest, authorities have pursued stablecoin regulation in parallel with broader digital asset and tokenisation agendas, often discussing connectivity with international partners.

Although no stablecoin licences have yet been publicly granted, stakeholders anticipate that 2026 will see the first wave of licensed issuers, marking a transition from legislative achievement to active market participation.

As regulators and firms navigate this early licensing phase, Hong Kong’s stablecoin policy is set to shift from concept and testing toward operational reality, reflecting a quiet but significant climax in its digital finance evolution.
Luxury home transactions and mainland capital inflows signal cautious revival in the city’s real estate sector
Private real estate investors are showing renewed interest in Hong Kong’s property market, as easing prices, improved financing conditions and increased mainland Chinese participation help stabilise a sector that has endured several years of decline.

Recent transaction data indicate a rise in high-end residential sales, particularly in traditionally sought-after districts on Hong Kong Island and in parts of Kowloon.

Property agents report that private buyers, including family offices and high-net-worth individuals, have become more active since late 2025, encouraged by price corrections that have brought valuations down significantly from their pandemic-era peaks.

Residential property prices in Hong Kong had fallen for multiple consecutive years amid higher global interest rates, subdued economic growth and shifting migration patterns.

However, analysts now point to early signs of consolidation, with transaction volumes improving and discounting pressures easing.

Several notable luxury deals in recent months have reinforced perceptions that the market may be nearing a cyclical bottom.

Mainland Chinese buyers are once again playing a visible role.

Industry data show an uptick in cross-border purchases following policy adjustments that simplified stamp duty structures and relaxed certain cooling measures.

While overall volumes remain below historic highs, estate agencies say mainland demand has provided important support to prime residential segments.

Commercial property continues to face headwinds, particularly in the office sector where vacancy rates remain elevated.

By contrast, segments of the residential market appear to be benefiting from lower financing costs as expectations grow that global interest rates may stabilise or ease.

Market participants say improved liquidity conditions have made private acquisitions more attractive.

Developers have responded by adjusting pricing strategies and offering incentives to clear inventory, further stimulating activity among opportunistic investors.

At the same time, cautious sentiment persists, with buyers conducting extensive due diligence and negotiating firmly on price.

Economists note that Hong Kong’s long-term appeal as a financial centre, combined with limited land supply and its integration with the Greater Bay Area economy, continues to underpin structural demand.

While a full-scale rebound has yet to materialise, the recent pickup in private transactions suggests that confidence is gradually returning to one of the world’s most closely watched property markets.
Hong Kong entity discloses massive stake in iShares Bitcoin Trust, fueling speculation about mainland exposure through regulated channels
A previously unknown Hong Kong-based entity has disclosed a $436 million stake in BlackRock’s iShares Bitcoin Trust, igniting debate in financial markets over whether Chinese capital may be quietly gaining exposure to Bitcoin through U.S.-listed exchange-traded funds.

Regulatory filings covering the fourth quarter of 2025 revealed that a company named Laurore Ltd., registered in Hong Kong, reported holding approximately $436.2 million worth of shares in the iShares Bitcoin Trust, known by its ticker IBIT.

The size of the position immediately drew attention from analysts and crypto market observers.

Public records provide little information about Laurore Ltd., which appears to lack a visible corporate footprint, operational website, or prior investment disclosures.

The absence of publicly available detail has prompted speculation about the ultimate source of the funds, though no official documentation links the purchase to any Chinese state entity or mainland financial institution.

The development comes at a time when U.S. spot Bitcoin exchange-traded funds have experienced intermittent net outflows, reflecting shifting investor sentiment amid volatile cryptocurrency prices.

The emergence of a substantial new IBIT holder contrasts with broader ETF flow data and suggests continued institutional appetite for regulated Bitcoin exposure.

China maintains strict restrictions on cryptocurrency trading and mining within the mainland.

However, Hong Kong operates under a distinct financial and regulatory framework that permits access to certain digital asset investment vehicles.

Market participants note that regulated ETF products may offer an indirect pathway for capital with regional ties to access Bitcoin markets, though this remains speculative.

Analysts caution against drawing definitive conclusions about the identity or motivations of the investor behind the filing.

While the scale of the holding is significant, there is no verified evidence that Chinese firms or state-backed entities are orchestrating coordinated Bitcoin accumulation through U.S. ETFs.

The disclosure nonetheless underscores the evolving global footprint of Bitcoin investment flows and highlights the growing role of exchange-traded products in bridging jurisdictions with differing regulatory regimes.
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer - when literally nobody else in the world wanted it “When I announced this thing, nobody wanted to buy it. Not one purchase order Except for Elon He was at https://t.co/fxyLaop1mi
Police detain Andrew Mountbatten-Windsor amid investigation tied to Jeffrey Epstein files and alleged sharing of official information
Andrew Mountbatten-Windsor, formerly Prince Andrew, was arrested on February nineteen, two thousand twenty-six, on suspicion of misconduct in public office, Thames Valley Police confirmed early on Thursday.

Officers detained the sixty-six-year-old at his residence on the Sandringham Estate in Norfolk, where unmarked police vehicles and plainclothes officers were seen arriving just after eight o’clock in the morning as part of a broader investigation.

The force said it was also conducting searches at addresses in both Berkshire and Norfolk as the inquiry progresses.

Thames Valley Police, in a statement, said they had arrested “a man in his sixties from Norfolk on suspicion of misconduct in public office” and that he remained in custody as the investigation continued.

The force emphasised that it was important to protect the integrity and objectivity of the inquiry and that further updates would be provided at the appropriate time.

The arrest follows an assessment phase in which police and prosecutors reviewed allegations linked to the so-called Epstein files – a tranche of documents published by the United States Department of Justice that has prompted renewed scrutiny of Mountbatten-Windsor’s past conduct.

Among the material under review are claims that, while serving as the United Kingdom’s trade envoy, he shared confidential government travel reports and documents with convicted sex offender Jeffrey Epstein.

King Charles III, Andrew’s elder brother, issued a statement expressing his deepest concern over the arrest, underlining that the rule of law must take its course.

Buckingham Palace said the royal family would fully support the authorities as appropriate.

Mountbatten-Windsor has previously denied any wrongdoing.

In recent years he was stripped of his royal titles and patronages amid reputational concerns tied to his association with Epstein.

The former duke’s legal status and the ongoing investigation have drawn intense public interest, with authorities underscoring the need for due process in a case of significant public prominence.
Yoon was convicted for masterminding an insurrection related to his December 2024 martial law attempt.
Tencent, AgiBot and other firms appoint young research leaders as competition intensifies in artificial intelligence and robotics.
Chinese technology companies are increasingly elevating millennials and even Gen Z researchers to chief scientist roles, signalling a generational shift in leadership as the country intensifies its push into artificial intelligence and robotics.

Among the most closely watched appointments is Vinces Yao Shunyu, who turns 28 this year.

A former OpenAI researcher, Yao joined Tencent Holdings in December as chief AI scientist under the chief executive’s office, reporting directly to company president Martin Lau Chi-ping.

His arrival underscores Tencent’s ambition to strengthen its core AI research capabilities amid fierce global competition.

A graduate of Princeton University and Tsinghua University, Yao was a core contributor to OpenAI’s early AI agent projects, including systems known as Operator and Deep Research.

In January, his first paper co-authored after joining Tencent was published, arguing that “context learning” should be placed at the centre of future model design to optimise artificial intelligence systems.

Tencent continues to retain veteran expertise alongside its younger recruits.

Zhang Zhengyou, a renowned computer vision specialist who joined the company in 2018 after two decades at Google, remains chief scientist.

Zhang received the Helmholtz Prize in 2013 for the Zhang Camera Calibration Method, a widely used technique that significantly advanced three-dimensional computer vision.

Other companies have followed a similar pattern.

PrimeBot, the robotics arm under Shanghai-listed Swancor Advanced Materials and now controlled by robotics unicorn AgiBot, named Peking University professor Dong Hao as chief scientist in early January.

Born after 1990, Dong is a tenured associate professor at Peking University’s School of Computer Science and earned his doctorate at Imperial College London.

AgiBot itself appointed Luo Jianlan, 33, as chief scientist last year.

Luo previously worked at Google X and Google DeepMind, collaborating closely with prominent AI researcher Sergey Levine, co-founder of San Francisco-based start-up Physical Intelligence.

The wave of appointments reflects China’s broader strategy to cultivate world-class research talent at a younger age, empowering emerging scientists to steer breakthroughs in foundation models, embodied intelligence and robotics.

Industry analysts note that younger leaders, often trained abroad and experienced in leading-edge laboratories, are being entrusted with greater autonomy as companies seek to accelerate innovation cycles and compete with global peers.

The trend suggests that generational renewal is becoming a defining feature of China’s next phase of technological development, particularly in disciplines where rapid iteration and experimental thinking are central to progress.
Visitors throng The Peak, Ngong Ping 360 and Che Kung Temple despite a 16 per cent rise in net holiday departures.
Large crowds continued to fill Hong Kong’s major attractions on the third day of the Lunar New Year, even as official figures showed a nearly 16 per cent increase in net outbound travel during the holiday period.

From mid-morning, queues formed at landmark destinations including The Peak and Che Kung Temple in Sha Tin, while authorities reported that between 500 and 999 visitors were recorded at the East Dam of the High Island Reservoir in Sai Kung from noon.

The steady footfall reflected resilient local and inbound tourism activity despite many residents travelling abroad during the festive break.

Real-time updates from the Hong Kong Tourism Board indicated that by around 1.30pm waiting times at the Tung Chung terminus of the Ngong Ping 360 cable car, the Central terminus of The Peak Tram and the ferris wheel at the Central Harbourfront had all exceeded an hour.

Cross-harbour ferry services were also operating at high capacity, with passengers facing waits of at least 30 minutes.

In Central, long lines of mainland Chinese and overseas tourists extended through the underpass beside The Peak Tram terminus, where police officers were deployed along Garden Road to manage the flow of visitors.

Among those queuing was Zhu Lingqin, a 67-year-old retiree visiting for the first time with her family of six from Hangzhou.

The group booked a two-night stay at the Hopewell Hotel in Wan Chai at a cost of about HK$4,000 (US$512) per night.

She said they had enjoyed watching the fireworks display from their room on the 44th floor.

The sustained crowds underscore Hong Kong’s continued appeal as a regional holiday destination, even as outbound travel rebounds strongly during peak festive periods.
An AI system named PackingStar delivers record results on a classic geometry challenge with implications for data storage and telecommunications.
Chinese scientists say they have achieved record-breaking advances on a more than three-century-old mathematical puzzle by harnessing artificial intelligence, marking a significant step forward in high-dimensional geometry research.

The team used an AI system called PackingStar to tackle the “kissing number” problem, a long-standing challenge in geometry that asks how many non-overlapping spheres can simultaneously touch a central sphere.

First debated in 1694 by English polymath Isaac Newton and Scottish mathematician David Gregory, the problem has remained notoriously difficult to solve in higher dimensions.

According to a research paper published in November on the open-access repository arXiv, the AI-driven approach enabled the researchers to surpass what they described as the limits of human geometric intuition and conventional computing techniques.

The work has not yet undergone peer review.

The researchers, drawn from Peking University, Fudan University and the Shanghai Academy of AI for Science, said their results demonstrated AI’s ability to navigate and analyse complex, high-dimensional spaces that are often beyond traditional mathematical reasoning.

In a video released by Peking University, the team described their collaboration with the system as a “romance” between scientists and machines exploring science together.

The kissing number problem is of more than theoretical interest.

Advances in understanding sphere packings and high-dimensional configurations have applications in coding theory, large-scale data storage and advanced telecommunications, where efficient signal transmission and error correction depend on optimal geometric arrangements.

By combining machine-driven search strategies with human mathematical oversight, the researchers reported establishing new lower bounds in specific high-dimensional cases, pushing beyond previously known results.

They argued that the findings highlight how artificial intelligence can reshape established mathematical intuitions and accelerate progress on problems that have resisted solution for centuries.

The work contributes to a growing body of research in which AI systems are deployed not merely as computational tools but as active partners in mathematical discovery, offering fresh perspectives on classical problems.
Global shipping group cites sustained demand and operational pressures as it increases costs on East Africa trade route.
Maersk has announced an increase in its peak season surcharge for cargo shipped from China and Hong Kong to Kenya, signalling continued pressure on freight rates along key Asia–East Africa trade corridors.

The Danish shipping group said the adjustment would apply to containerised shipments moving to Mombasa, Kenya’s main port, reflecting sustained seasonal demand, equipment imbalances and broader network costs.

Peak season surcharges are typically introduced or revised when carriers face higher operating expenses or capacity constraints during periods of intensified cargo movement.

Industry participants noted that trade between Asia and East Africa has remained firm, driven by consumer goods imports, infrastructure materials and project cargo linked to regional development.

Shipping lines have also been navigating schedule disruptions and fluctuating container availability across global routes, factors that can contribute to higher ancillary charges.

Maersk indicated that the updated surcharge would take effect in the coming weeks, subject to standard contractual terms and local regulatory requirements.

The company did not characterise the move as unusual, describing it instead as part of routine rate management during periods of elevated demand.

Freight forwarders operating in the corridor said exporters and importers are closely monitoring cost adjustments, particularly as logistics expenses feed into retail prices and project budgets in East Africa’s largest economy.

Kenya serves as a gateway for landlocked neighbours, meaning changes in shipping charges can ripple across the wider region.

The surcharge increase comes amid broader volatility in global shipping markets, where carriers continue to recalibrate pricing structures in response to evolving trade flows, geopolitical uncertainty and supply chain realignments.

Analysts say such adjustments are likely to remain a feature of the market as peak season dynamics persist.
Taiwanese leaders and civic groups interpret the landmark prison term as evidence of risks to civil liberties and democratic freedoms under Beijing’s model.
Pro-democracy media tycoon Jimmy Lai’s sentencing to twenty years in prison under Hong Kong’s national security legislation has reverberated across Taiwan, where politicians, activists and analysts framed the ruling as a stark signal about the vulnerabilities of civil liberties under the “one country, two systems” framework.

Lai, aged seventy-eight, was convicted of conspiring to collude with foreign forces and publishing seditious materials, marking the harshest sentence yet under the security law since its enactment in 2020. His punishment has drawn international scrutiny and domestic condemnation in Taiwan, where authorities said the outcome not only strips him of personal liberty but also undermines freedoms of speech and press once protected in Hong Kong.

Taiwan’s Mainland Affairs Council described the ruling as trampling basic rights and urged citizens to see Lai’s fate as a caution for their own hard-won democratic system.

Taiwan’s president said the sentence exposed the security law as a tool of political persecution that imperils universal rights and freedoms.

The government’s response underscored deep scepticism about the viability of “one country, two systems” as a model for Taiwan’s future, noting that the framework was originally promoted to facilitate peaceful reunification but has instead coincided with an erosion of promised autonomy in Hong Kong, according to analysts.

Civic groups, including Hong Kong exiles residing in Taiwan, rallied outside the legislature to express solidarity with Lai and protest what they described as politically motivated repression.

They warned that China’s expansive interpretation of security offences could be used to constrict public discourse, academic exchange and civil society on the island.

Lai’s sentence has also prompted international reactions, with human rights groups and foreign governments urging respect for freedoms and calling for his release while China and Hong Kong authorities insisted the ruling reflected legitimate enforcement of national security.

The case has become a pivotal reference point in cross-strait discourse over democratic resilience, press freedom and the limits of Beijing’s influence beyond its jurisdiction.
Spectacular horse-themed fireworks and drone displays mark the Lunar New Year as celebrations unite communities across the Greater Bay Area.
Hong Kong and neighbouring Guangdong were alight with festive splendour as the Hong Kong Jockey Club sponsored a dazzling “Prosperity Gallops Across Hong Kong” display to herald the Year of the Horse.

On the second day of Chinese New Year, crowds gathered along both sides of Victoria Harbour to witness an elaborate fireworks show over the water, featuring horse-inspired motifs and auspicious symbols.

More than 31,800 pyrotechnic shells were launched in a 23-minute programme that blended traditional elements with dynamic visual themes celebrating the vitality and momentum associated with the horse zodiac.

The event formed part of a broader series of Lunar New Year festivities that included citywide night parades and cultural celebrations.

Simultaneously, in Conghua, Guangzhou, approximately 1,200 drones combined with fireworks to produce a complementary night-sky spectacle, projecting imagery of galloping horses and symbols of good fortune.

The dual presentations underscored the club’s commitment to fostering community spirit and cultural exchange across the Greater Bay Area.

Officiating guests in Hong Kong, including senior government representatives, lauded the display as a symbol of prosperity and unity.

Commentators noted that the celebrations coincided with the launch of China’s 15th Five-Year Plan, with officials emphasising Hong Kong’s ongoing integration into national development and its role as a vibrant, forward-looking global city.

The festivities are part of the Hong Kong Jockey Club’s Year of the Horse campaign, which also incorporates vibrant night parades, equestrian events and family-friendly activities designed to engage residents and visitors alike.

A highlight on the calendar is the Year of the Horse Raceday at Sha Tin Racecourse, a popular tradition that adds sporting excitement to the holiday period.

By blending cultural heritage with large-scale public celebrations, the club’s programme has helped to anchor Lunar New Year as a moment of shared joy and optimism, with visual splendour reflecting both local identity and broader festive spirit.
Expanded facility marks major milestone in airport’s three-runway expansion and capacity upgrade programme.
Hong Kong International Airport will open its newly developed Terminal 2 departure hall on 27 May, marking a significant step in the airport’s long-term expansion strategy aimed at strengthening its role as a global aviation hub.

Airport authorities confirmed that the new departure facilities form part of the wider three-runway system project, designed to enhance passenger handling capacity and modernise infrastructure.

The revamped Terminal 2 will focus primarily on departures, integrating advanced check-in systems, streamlined security processes and expanded retail and dining options.

Officials said the reopening reflects steady progress in restoring and surpassing pre-pandemic passenger volumes.

The airport has experienced sustained recovery in international traffic, supported by the return of long-haul routes and increased regional connectivity.

The new departure hall is expected to feature smart airport technologies, including automated check-in kiosks, biometric-enabled processing and improved baggage handling systems.

Authorities indicated that these upgrades are intended to reduce congestion and improve overall passenger flow.

The development is part of a broader investment programme aimed at increasing annual passenger capacity and reinforcing Hong Kong’s competitiveness amid intensifying regional aviation competition.

The three-runway system, once fully operational, is projected to significantly boost aircraft movement capacity.

Industry analysts note that infrastructure enhancements are critical as major Asian airports expand to capture growing travel demand.

The reopening of Terminal 2’s departure hall is seen as both a practical upgrade and a symbolic signal of renewed momentum in Hong Kong’s aviation sector.

Airport management said additional phases of development will continue in parallel, aligning with long-term projections for passenger growth and cargo demand.
From avant-garde tailoring to sustainable innovation, emerging and established talents showcase the city’s evolving creative identity.
Hong Kong’s fashion industry is drawing renewed international interest as a diverse group of designers blend heritage, technical skill and contemporary experimentation to redefine the city’s creative footprint.

Among the names frequently highlighted is Robert Wun, whose sculptural couture and theatrical silhouettes have earned acclaim on European runways.

His intricate craftsmanship and narrative-driven collections have positioned him as one of Hong Kong’s most globally visible talents.

Angus Tsui has gained recognition for embedding sustainability at the heart of his brand, incorporating upcycled materials and circular design principles.

His work reflects a broader movement within the city’s fashion community to align creativity with environmental responsibility.

Designer Harrison Wong is known for minimalist tailoring that bridges Asian and Western aesthetics, offering sharply cut menswear with subtle detailing.

His approach exemplifies Hong Kong’s role as a cultural crossroads.

Meanwhile, brands such as Demo and IP Axis Industrial Studio experiment with deconstructed forms and architectural lines, exploring identity and modern urban life through bold textures and technical fabrics.

Rising talents including Bettie Haute Couture and Sau Lee have found audiences abroad by reinterpreting traditional Chinese elements — such as qipao-inspired silhouettes — for contemporary global consumers.

The city’s fashion ecosystem is also supported by incubators and showcase platforms that nurture emerging designers and connect them to international buyers.

Events, trade fairs and collaborative initiatives have played a central role in elevating local labels beyond the regional market.

Industry observers note that Hong Kong designers often balance commercial viability with conceptual ambition, a reflection of the city’s hybrid character as both financial hub and cultural gateway.

Despite economic headwinds in recent years, the fashion sector has continued to adapt through digital retail, cross-border partnerships and targeted expansion into overseas markets.

As global attention shifts increasingly toward Asian creative capitals, Hong Kong’s designers are leveraging their distinctive perspective — rooted in East-West dialogue and technical precision — to secure a stronger presence on the international stage.
Investigation claims intermediaries have helped supply restricted components for military use in Ukraine conflict.
Hong Kong-based companies have acted as intermediaries in supplying European technology to Russia for use in its war in Ukraine, according to a new investigative report that raises concerns about sanctions enforcement and export controls.

The report alleges that a network of trading firms registered in Hong Kong facilitated the transfer of sensitive components, including microelectronics and dual-use technologies, from European manufacturers to Russian entities.

Many of the items identified are subject to export restrictions imposed by the European Union and its allies following Moscow’s full-scale invasion of Ukraine.

Investigators claim the companies involved often served as middlemen, purchasing goods from European suppliers before re-exporting them onward to Russian buyers.

In some cases, the shipments were reportedly routed through multiple jurisdictions, complicating efforts to trace the final destination of the products.

Western governments have imposed sweeping sanctions on Russia’s defence, aerospace and technology sectors in an effort to curb its military capabilities.

Enforcement agencies have repeatedly warned that third-country intermediaries can be used to circumvent these restrictions, particularly for high-demand components such as semiconductors and industrial electronics.

Hong Kong authorities have previously stated that they implement and enforce United Nations sanctions but do not automatically adopt unilateral measures imposed by other jurisdictions.

The report is likely to intensify scrutiny over the territory’s role in global supply chains and its regulatory oversight of export-sensitive goods.

European officials have acknowledged ongoing challenges in preventing sanctioned technology from reaching Russia, noting that complex global trade networks and the commercial availability of dual-use items can make enforcement difficult.

Additional compliance measures, including tighter screening of re-export destinations and enhanced due diligence requirements, have been introduced in recent months.

Russia has maintained that it adapts its procurement channels in response to sanctions pressure.

Analysts say that restricting access to advanced technology remains a central element of Western strategy aimed at limiting Moscow’s capacity to sustain its military operations in Ukraine.

The findings are expected to prompt renewed debate over the effectiveness of existing sanctions frameworks and the responsibilities of intermediary jurisdictions in preventing the diversion of restricted goods to conflict zones.
"Free speech is a pure bullsh!t if nobody knows how you are guided through this so-called free speech, especially when it is to be guided from one hated speech to another hated speech."


Crowds flock to Lam Tsuen tradition seeking prosperity and good fortune at one of the city’s most cherished festive rituals.
Large crowds have gathered in Hong Kong’s Tai Po district as residents and visitors took part in the longstanding Lam Tsuen Wishing Tree tradition to mark the Lunar New Year, casting written wishes for prosperity, health and success in the Year of the Horse.

From early morning, families, tourists and worshippers queued along the Lam Tsuen Wishing Square, where replicas of the historic banyan trees stand beside the Tin Hau Temple.

Participants wrote their hopes on bright red and gold joss paper, attaching them to oranges before tossing them toward the wooden wishing structures in a symbolic gesture believed to bring blessings if the fruit remains hanging.

The custom, which dates back centuries, has evolved into one of Hong Kong’s most recognisable Lunar New Year attractions.

For safety and conservation reasons, the original banyan trees are no longer used for throwing offerings.

Instead, reinforced wooden frames now serve as the focal point, allowing the ritual to continue while protecting the heritage site.

Local officials and district representatives attended the opening day ceremony, offering traditional prayers and extending festive greetings to the public.

Cultural performances, lion dances and festive stalls added to the celebratory atmosphere, drawing steady foot traffic throughout the day.

Many attendees said they were praying for improved health, family harmony and economic stability in the year ahead.

Business owners operating nearby reported brisk trade as seasonal markets and food vendors catered to the influx of visitors.

The Lam Tsuen Wishing Tree event runs for several weeks during the Lunar New Year period, forming part of a broader calendar of celebrations across Hong Kong that includes fireworks displays, temple fairs and community festivities.

The enduring popularity of the ritual underscores the city’s continued embrace of traditional customs even as it remains one of Asia’s most modern urban centres.
City records more than three hundred seventy-seven thousand arrivals as Lunar New Year celebrations begin, buoying tourism and retail activity
Hong Kong experienced a robust influx of visitors on the opening day of China’s nine-day Spring Festival holiday, with more than 377,000 people entering the city by 9 p.m. on Sunday, official figures showed.

The surge, led by travellers from mainland China, filled the city’s shopping districts, cultural sites and tourist attractions, setting a lively tone for the Golden Week period.

Retailers reported strong demand for festive goods, jewellery and luxury items, particularly traditional pure gold accessories and ornaments featuring horse motifs in celebration of the Year of the Horse.

Malls and sightseeing locations across the territory saw heavy footfall throughout the day, with visitors adding vibrancy to key commercial hubs.

Hong Kong’s Financial Secretary, Paul Chan, noted on social media that arrivals from the mainland could reach an estimated 1.43 million over the course of the holiday, representing a year-on-year increase in average daily visitor numbers.

A packed calendar of Lunar New Year events — including parade floats, fireworks, horse racing and football matches — is expected to draw additional global visitors and further support the city’s economic rebound.

Government data released ahead of the holiday showed that overall visitor numbers from January 1 to February 13 had already risen by nearly ten percent compared with the same period last year.

Arrivals from overseas markets climbed even more sharply, signaling renewed international interest in Hong Kong as a premier travel destination.

The strong turnout underscores Hong Kong’s central role as a vibrant tourism and retail hub in the region, particularly during major holiday seasons when travel demand traditionally peaks.

Industry observers say the influx is poised to benefit local businesses and hospitality sectors throughout the Golden Week holiday.
Italian fashion house strengthens its presence in Asia with a newly unveiled flagship blending architectural refinement and contemporary design in central Hong Kong.
Miu Miu has unveiled a new two-floor flagship store in Hong Kong, reinforcing the Italian fashion house’s strategic commitment to the city as a leading luxury retail destination in Asia.

Located in one of Hong Kong’s most prominent shopping districts, the newly opened boutique reflects the brand’s evolving global retail concept, combining architectural sophistication with immersive design.

The expansive store showcases the full spectrum of Miu Miu’s collections, including ready-to-wear, handbags, footwear, small leather goods and accessories.

The interior design blends refined materials with modern aesthetics, featuring polished metal accents, textured walls and curated display spaces intended to create an intimate yet dynamic shopping environment.

The layout separates product categories across two floors while maintaining visual continuity through open sightlines and sculptural installations.

Large storefront windows and carefully considered lighting aim to enhance the sense of space and transparency, drawing passers-by into a setting that balances minimalism with distinctive brand identity.

Seating areas and private fitting rooms have been integrated to elevate the customer experience, offering a personalised and comfortable environment aligned with the expectations of high-end clientele.

The opening comes as Hong Kong’s luxury retail sector continues to regain momentum, supported by returning international visitors and resilient domestic demand.

For global fashion houses, the city remains a critical gateway to mainland China and the broader Asia-Pacific market.

By investing in a flagship presence, Miu Miu signals confidence in Hong Kong’s enduring role as a centre for fashion, commerce and cultural exchange.

Industry analysts note that flagship expansions in prime retail districts often serve not only as commercial outlets but also as brand statements, designed to strengthen visibility and long-term positioning in competitive markets.

The new Hong Kong store is expected to host exclusive product launches and curated in-store events, further deepening engagement with local and regional customers.
Leaders and institutions from Hong Kong and Thailand intensify cooperation in innovation, research, and business to strengthen bilateral technology ties and economic integration.
Hong Kong and Thailand are advancing efforts to deepen technological and innovation cooperation as part of a broader strategy to strengthen economic and industrial links between the two dynamic Asian economies.

Officials and business leaders from both sides have engaged in a series of high-level dialogues, networking events and institutional collaborations that spotlight research and development, start-up exchange, and innovation platform building.

Delegations from Hong Kong’s Innovation, Technology and Industry Bureau and its Economic and Trade Office in Bangkok have joined with Thai counterparts and industry partners for seminars and joint discussions aimed at expanding opportunities in innovation, technology transfer, and talent development.

These engagements, supported by bodies such as the Hong Kong Trade Development Council, Invest Hong Kong and the Thai-Hong Kong Trade Association, emphasise joint initiatives across research, start-up ecosystems and industry collaboration, with the goal of fostering bilateral growth in digital, advanced manufacturing, and green technologies.

In addition, institutional links have been strengthened through academic cooperation between Hong Kong innovation hubs and Thai research institutions, featuring startup presentations and potential partnership frameworks that offer Thai entrepreneurs access to global markets and Hong Kong’s innovation ecosystem.

The deepening ties reflect a shared vision of elevating trade, investment, and innovation ties, leveraging Hong Kong’s role as a global tech and business hub and Thailand’s rapidly growing digital economy.

By promoting the cross-border flow of talent, technology and capital, both sides are working to create a collaborative environment that supports sustainable growth and positions the Hong Kong-Thailand partnership as a key driver of broader regional development.
At least four newborns usher in the Year of the Horse in Hong Kong, including a local couple’s fifth child among the first arrivals.
As Hong Kong marked the beginning of the Lunar New Year and the Year of the Horse, hospitals across the city reported the birth of at least four babies in the early hours of Tuesday, with families celebrating new beginnings and the promise of the year ahead.

Four infants were delivered at the stroke of midnight and shortly thereafter at major maternity wards, highlighting personal milestones that coincided with a significant cultural moment.

Among the first newborns was a baby boy at Union Hospital in Tai Wai, who weighed 2.94 kilograms and is the fifth child for his local parents, symbolising both familial joy and continuity as the community embraces the energetic attributes associated with the Horse zodiac.

Another girl and boy were also born at Union Hospital, while a third baby boy arrived at Kwong Wah Hospital in Yau Ma Tei and a girl was welcomed at St Teresa’s Hospital in Kowloon City, reflecting the city’s bustling start to the year.

Parents of the new arrivals expressed happiness and gratitude, noting the symbolic significance of their children’s births on the first day of the Lunar New Year, a time traditionally associated with renewal, prosperity, and auspicious beginnings.

The diversity of the newborns, including one with a father holding a talent visa from mainland China, underscores the multicultural fabric of Hong Kong’s population during this festive season.

As the city continues its broader Year of the Horse celebrations with parades, fireworks and cultural events, the arrival of these first babies adds a deeply personal and community-oriented dimension to the unfolding holiday spirit.
Authorities in Virginia charge a naval reservist with first-degree murder and concealment after a woman’s body was discovered in a freezer, and pursue him abroad with federal and international partners.
A widespread international search is underway for a United States Navy reservist charged with homicide after his wife’s body was discovered frozen inside their Norfolk, Virginia apartment, and investigators believe he has fled to Hong Kong.

Police say officers executing a February fifth search warrant found the remains of thirty-nine-year-old Lina M. Guerra Echavarria in the freezer of the couple’s home after she was reported missing on February second following two weeks without contact with family in Colombia.

An autopsy subsequently ruled her death a homicide, and Norfolk police charged thirty-eight-year-old David Varela with first-degree murder, concealing a dead body and with fleeing the jurisdiction to evade arrest and prosecution.

Law enforcement officials allege Varela, described in charging documents as an active-duty Navy reservist who stopped answering calls from his superior officer, boarded a flight to Hong Kong despite having no known ties there, prompting authorities to seek assistance from federal agencies and Interpol to locate him.

Prosecutors say Varela misled Echavarria’s family by falsely claiming she had been jailed for shoplifting and even sending a staged photograph purporting to show her in an orange jumpsuit, a claim investigators found to have no basis.

Relatives have described Echavarria as a devoted pet owner and a warm, kind person, and police continue to urge anyone with information to come forward.

Norfolk Commonwealth’s Attorney Ramin Fatehi said his office is coordinating extradition efforts with international partners to return Varela to the United States to face charges.

Federal agencies including the Federal Bureau of Investigation, Homeland Security Investigations and the Naval Criminal Investigative Service are assisting in the manhunt, and authorities emphasize that domestic violence and intimate-partner homicides remain serious and complex crimes requiring extensive interagency collaboration.

The search remains active as officials work to confirm Varela’s location and secure his apprehension so he may be brought to justice.
The celebrated theme park blends cherished Lunar New Year traditions with vibrant Disney magic and exclusive experiences as part of its 20th anniversary festivities.
Hong Kong Disneyland Resort has officially opened its “Magical Year After Year” Lunar New Year celebration, marking the arrival of the Year of the Horse with vibrant décor, traditional festivities and a host of enchanting experiences alongside the park’s ongoing 20th anniversary celebrations.

The seasonal programme runs from January thirtieth through March first, bringing together traditional Chinese New Year elements with beloved Disney characters and specially themed offerings across the resort.

The park is adorned with festive imagery, including bright Mickey-shaped lanterns and installations celebrating the horse, a symbol of strength and good fortune in Chinese astrology.

Guests entering the park from the first day of the new year receive a complimentary Disney-themed lai see, the traditional red envelope containing a chocolate gold coin and exclusive dining and shopping privileges while supplies last.

Throughout the celebration period, visitors can meet Disney characters dressed in festive outfits in multiple locations, with Mickey and Friends greeting guests on Main Street, U.S.A. and Bullseye making his Lunar New Year debut at Toy Story Land.

Duffy and Friends also appear in seasonal attire at Duffy & Friends Play House, and Goofy takes on the role of God of Fortune sharing warm blessings with guests.

A wide range of exclusive Year of the Horse-themed merchandise and collectibles are available, from limited souvenirs to curated “Disney Chinese New Year Lucky Magic Bags” filled with exclusive items and collectibles.

The celebration also includes seasonal culinary offerings at several park and hotel dining venues and traditional entertainment such as lion dance performances at the resort’s hotels, enhancing the festive atmosphere for families and visitors of all ages.

To encourage community engagement, Hong Kong Disneyland has introduced the “Happier Together” Advance Purchase Ticket Deal offering Hong Kong residents discounted tickets when purchasing in pairs or groups.

Across the resort, Lunar New Year programming is designed to blend cultural tradition with Disney’s signature enchantment, creating an immersive and joyful celebration for local residents and international visitors alike.
Budget cuts and shifting public trends contribute to the challenge.
Halal foods, large mosques, public prayers, and call to prayer are all banned.

Halal - BANNED.

Large Mosques - BANNED.

Call to prayer - BANNED.

Praying in the street - BANNED.

They've basically said Islam is not welcome in Japan. 

Their decision makers aren’t bribed by Qatar.



The 35-year-old faces charges for damaging check-in kiosks and possessing Viagra without a prescription.
British man has a meltdown at the Hong Kong airport and starts smashing check-in kiosks, gets arrested for having four Viagra pills. 
 
The man was identified as a 35-year-old British tourist.  
   
Because he didn't have a prescription for Viagra, the man is facing up to two years in jail and a $12,800 fine.

"Airport Authority staff and airport security personnel rushed to the scene and warned the man to stop causing further damage," a spokesperson said.

"Police have arrested the man and launched an investigation."

It's unclear what exactly set the man off.
New penalties expand crackdown on distracted driving as authorities cite rising fatal accidents linked to mobile phone use
Authorities in the French district of Pas-de-Calais have introduced immediate driver’s license suspension for motorists caught using a mobile phone while driving without a hands-free device.

The measure adds to existing penalties and reflects a broader effort to curb distracted driving following an increase in fatal road accidents.

Under the new regulations, drivers found violating the law will lose their license on the spot, in addition to receiving a fine of 135 euros and three penalty points.

Pas-de-Calais becomes the fourth district to adopt the stricter enforcement, joining Landes, Lot-et-Garonne and Charente-Maritime.

The tougher sanctions follow a reported 2 percent rise in fatal accidents over the past year.

In Pas-de-Calais, 57 people were killed in road accidents in 2025, representing approximately 3.9 fatalities per 100,000 residents.

Authorities state that the majority of injury-related accidents in France are caused by driver distraction, including the use of mobile phones while driving.

According to research by insurance company Assurance Prévention-Calais, around 400 people die each year directly as a result of mobile phone use while driving.

The new rules also impose harsher penalties on professional drivers, who will face double the standard fine if caught using a phone without a hands-free system.

In addition, the period of license suspension for driving under the influence of alcohol has been extended to six months.

Drivers exceeding the speed limit by 50 kilometers per hour or more will face a one-year license suspension.

French law allows each district to set its own traffic enforcement measures, provided that penalties are not lower than those established under national legislation.

Since 2020, enforcement authorities have been authorized to suspend licenses immediately for a range of traffic offenses.
Massive crowds of residents and visitors line Tsim Sha Tsui to celebrate the Year of the Horse with vibrant floats and performances
Tens of thousands of spectators filled the streets of Hong Kong’s Tsim Sha Tsui district on Tuesday night as the city’s annual Lunar New Year night parade brought the Year of the Horse festivities to life in spectacular fashion.

Residents and international visitors alike staked out prime vantage points hours before the event’s 8 p.m. start, creating a vibrant atmosphere that showcased the city’s cultural vitality and communal spirit. 

The two-hour Cathay International Chinese New Year Night Parade, organised by the Hong Kong Tourism Board, featured a procession of illuminated floats and nearly sixty performance groups from Hong Kong and overseas.

The event’s theme, “Best Fortune.

World Party,” reflected both traditional Chinese motifs and global artistic influences as dancers, dragon-and-lion troupes, and musicians traversed the parade route from the Hong Kong Cultural Centre Piazza along Canton Road, Haiphong Road and Nathan Road before concluding outside the Sheraton Hong Kong Hotel and Towers.

In his opening remarks at the event, Chief Executive John Lee Ka-chiu expressed his delight at celebrating the first day of the Year of the Horse with crowds at Victoria Harbour and praised the city’s capacity to host large-scale cultural celebrations that attract visitors from around the world.

He highlighted Hong Kong’s diverse events calendar and role as a premier destination for global tourism and community festivities. turn0search0
Many attendees arrived well ahead of the parade’s start to secure viewing positions, contributing to a dynamic street party atmosphere as families, friends and travellers shared in the spectacle.

The procession underscored the deep cultural importance of Lunar New Year in Hong Kong, drawing both local pride and international interest in one of Asia’s signature holiday celebrations.

The night parade is part of a broader array of seasonal events in Hong Kong, including traditional lion dances, street fairs, and planned fireworks displays over Victoria Harbour this week, which together reinforce the city’s reputation for hosting some of the region’s most engaging and colourful holiday festivities. 
Sovereign, supranational and agency issuers boost focus on Hong Kong dollar MTNs amid quieter financial and corporate activity
Last week’s private placement market saw sovereign, supranational and agency (SSA) issuers dominate issuance activity, keeping Hong Kong dollar-denominated medium-term notes in the spotlight as financial institutions and corporates largely refrained from tapping private market funding.

SSAs continued to lead flows in the medium-term note (MTN) market, sustaining robust demand for long-dated Hong Kong dollar debt despite a broader lull in corporate and bank issuance.

Issuers active in the SSA space supported investor interest with offerings that underscored the Hong Kong dollar’s role in diversified funding strategies.

The predominance of SSA activity contrasted with muted participation from financial and corporate sectors, which remained focused on public market funding channels and showed limited engagement in private placements.

Market participants noted that the sustained presence of SSAs in Hong Kong dollar MTNs has helped keep the currency’s profile elevated among global fixed-income investors.

While exact issuance sizes and individual deal details were not broadly disclosed, the trend reflects a strategic preference among supranational and agency borrowers for tapping Hong Kong dollar liquidity through the MTN platform.

The focus on Hong Kong dollar private placements arrives against a backdrop of multi-currency issuance programmes such as those operated by regional entities, which emphasise the city’s capacity to offer diversified funding in major currencies including Hong Kong dollars and United States dollars.

This environment continues to support the Hong Kong dollar’s relevance for both issuers and investors seeking flexible medium-term financing options.

Despite subdued activity from corporate and bank issuers, the strong presence of SSAs reinforced overall market depth in local-currency private placements, highlighting the continued attractiveness of Hong Kong dollar MTNs within the Asia-Pacific debt landscape.
A 35-year-old visitor was detained following a violent outburst at Hong Kong International Airport that damaged self-service machines and other fixtures
A British tourist was arrested at Hong Kong International Airport on Monday morning after going on a destructive rampage that saw him knock over and smash numerous self-service check-in kiosks, prompting a swift police response and an ongoing investigation.

The incident unfolded at around 6 a.m. local time in Terminal 1, where the 35-year-old man was filmed toppling roughly ten check-in machines and then repeatedly striking one of them with a metal pole as bystanders looked on.

Reports indicate he also damaged railings, counters and other equipment in the departure hall as airport staff and security personnel moved quickly to warn him to stop.

Airport security and Hong Kong police intervened, restraining and arresting the man on suspicion of criminal damage.

During the arrest, officers found four pills of Viagra in his backpack, a drug that is illegal to possess in Hong Kong without a prescription, adding a potential additional offence to the case.

The man, who entered Hong Kong in November on a six-month visa, has not been publicly named and his motive for the outburst remains unclear as authorities continue their inquiries.

Airport operations were not significantly disrupted, with alternative check-in services available and staff deployed to assist passengers.

Local authorities are examining the circumstances of the incident, including any underlying causes of the behaviour, while reaffirming the importance of maintaining safety and security in one of Asia’s busiest transport hubs.
Board of Investment approves advanced hard-drive development initiative, reinforcing Thailand’s leadership in next-generation data storage manufacturing
Thailand’s Board of Investment has approved a major new project by Western Digital to develop Heat-Assisted Magnetic Recording, or HAMR, hard disk drives in the country, marking a significant step forward in Thailand’s ambition to anchor next-generation data storage manufacturing in Southeast Asia.

The approved investment will support the development and production of advanced HAMR technology, widely regarded as the future of high-capacity data storage.

HAMR drives use laser-assisted heating to enable significantly greater data density than conventional hard disk drives, allowing storage providers to meet rapidly growing global demand driven by artificial intelligence, cloud computing and large-scale data centres.

Thailand’s Board of Investment stated that the project aligns with the government’s strategic focus on high-technology industries and value-added manufacturing.

The initiative is expected to strengthen Thailand’s position as one of the world’s leading hard disk drive production hubs, while also promoting research, skilled employment and deeper integration into global technology supply chains.

Western Digital has maintained a long manufacturing presence in Thailand, and the new HAMR project represents a shift toward higher-end engineering and advanced process capabilities.

Industry observers note that the move reflects confidence in Thailand’s industrial infrastructure, workforce expertise and supportive investment climate.

The approval comes as Thailand intensifies efforts to attract cutting-edge semiconductor and data-storage investments, positioning itself as a stable and competitive base for advanced electronics production.

Officials have underscored that technology-intensive projects such as HAMR development will enhance domestic innovation capacity and create long-term economic value.

With global data volumes projected to rise sharply over the coming decade, HAMR-based drives are expected to play a central role in next-generation storage solutions.

The Board of Investment’s decision signals Thailand’s determination to remain at the forefront of this technological transition and to deepen its role in the evolving digital economy.
China’s Wuxi Lead Intelligent Equipment secures over six hundred million dollars in Hong Kong share sale, yet its stock shows restrained movement on first day amid dual-listing dynamics
Wuxi Lead Intelligent Equipment, a Chinese industrial automation and battery equipment manufacturer, raised substantial capital in its Hong Kong offering this week, yet saw a subdued market reception on its first day of trading.

The company sold approximately one hundred seven million H-shares at a price of HK$45.80 each, securing roughly HK$4.9 billion, equivalent to about six hundred twenty-seven million US dollars, in gross proceeds.

Despite the strong fundraising outcome — with the retail tranche roughly eighty times oversubscribed and the international segment more than ten times covered — Wuxi Lead’s stock exhibited limited volatility, opening only marginally above its issue price and ending the session near where it began.

The shares opened at HK$46.26 and reached an intraday high of around HK$46.38 before settling close to the offer level.

Founded in 2002, Wuxi Lead specialises in advanced machinery and production systems for electric vehicle battery cells, energy storage systems and solar panel components.

The firm’s dual-listing structure, with existing equity listed on mainland China’s Shenzhen exchange, was cited by analysts as a factor contributing to the measured debut in Hong Kong, as prices in the city’s market tend to track performance of the mainland A-shares.

On the same day, Wuxi Lead’s A-shares in Shenzhen traded lower, reinforcing the link between the two markets.

Proceeds from the Hong Kong share sale are earmarked for expanding global research and development, strengthening sales and service networks, diversifying the product portfolio and bolstering working capital.

Cornerstone investors in the offering included several institutional funds, reflecting broad institutional support for the company’s growth strategy.

The Hong Kong listing adds to a broader rebound in the city’s equity capital markets, which have recorded significant fundraising volumes since the start of the year.

Wuxi Lead’s performance illustrates both investor appetite for high-tech manufacturing names and the moderating influence of cross-market price dynamics on newly listed stocks in Hong Kong’s vibrant capital markets.
Amid shifting regulatory signals from Beijing and strict requirements under Hong Kong’s new regime, many Chinese banks and companies defer or withdraw from the stablecoin license race
Hong Kong’s newly implemented regulatory framework for stablecoin issuance has opened a window for the city to consolidate its position as a leading centre for regulated digital finance.

The Stablecoin Ordinance, which took effect on August first, establishes a comprehensive licensing regime requiring robust capital, full asset backing and stringent compliance obligations for any entity seeking to issue or promote fiat-linked stablecoins in the territory.

The ordinance and accompanying guidelines from the Hong Kong Monetary Authority have drawn expressions of interest from dozens of local and international firms, with nearly eighty institutions signalling their intent to pursue licences under the new regime.

However, the landscape has shifted significantly for Chinese banks and other mainland-linked entities.

Several major Chinese state-owned banks and financial institutions that were once expected to participate in the licence race — including branches of large commercial banks and other corporate players — have reportedly paused or withdrawn their pursuit of Hong Kong stablecoin licences.

Sources indicate that policy signals from Beijing and a more cautious approach to digital asset ventures outside the mainland have influenced these decisions.

In some cases, articles reporting such strategic withdrawals were temporarily taken down on mainland platforms, underscoring the sensitivity of the issue.

Chinese technology groups that had earlier explored stablecoin ventures in Hong Kong have also stepped back.

Regulatory direction from mainland authorities, including advisories from the People’s Bank of China and the Cyberspace Administration of China, reportedly urged firms such as Ant Group and JD.com to suspend their stablecoin initiatives, reflecting a broader caution around privately managed digital currency projects.

These moves appear to echo a more conservative policy stance toward digital assets within mainland China, even as Hong Kong pursues regulated innovation.

The resulting dynamic has left a noticeable gap in participation from some of China’s largest banks and corporates in the early phase of Hong Kong’s stablecoin licensing ecosystem.

Observers say this pause may blunt some expectations of swift mainland institutional involvement but does not close the door on future engagement.

Beijing’s current caution could ease once regulatory and market conditions clarify, potentially enabling Chinese institutions to engage more fully with Hong Kong’s regulated stablecoin market.

With the regulatory transition period ongoing and the first licences yet to be granted, industry participants continue to monitor how the stringent regulatory framework, cross-border policy tensions and evolving risk appetites will shape the future role of Chinese financial players in the burgeoning stablecoin sector.
Nostalgic curry fishball-themed toys and merchandise draw crowds at Hong Kong’s Lunar New Year markets, celebrating beloved local street food culture.

In Hong Kong’s bustling Lunar New Year marketplaces this February, curry fishball-themed toys and collectables have emerged as one of the season’s standout attractions, delighting visitors with a playful nod to one of the city’s most iconic street snacks.

The curry fishball — a staple of Hong Kong street food culture since the 1950s, consisting of skewered fishballs bathed in spicy, aromatic curry — has long been a nostalgic symbol of local culinary heritage.

Vendors across several of the city’s popular Lunar New Year markets, including major flower and festive fairs that opened in early February, reported brisk demand for plush toys, figurines, and other merchandise inspired by the snack, as families and tourists sought unique seasonal gifts and souvenirs.

The surge in popularity reflects a broader trend of integrating beloved local culture into festive retail experiences, with curry fishball memorabilia offering both a playful reminder of Hong Kong’s street food identity and a way for patrons to bring a piece of that heritage home.

Market organisers have noted that the toys — often rendered in vibrant, playful designs harking back to classic street hawker imagery — have consistently sold out at many stalls by midday, especially on weekends and public holidays.

Many visitors said they were drawn to the curry fishball figures not just for their novelty, but for the emotional resonance they carry, evoking memories of childhood snack runs and outdoor fairs.

“Seeing these cute versions of curry fishballs makes me think of my school days,” said one shopper amid the celebratory crowds.

Others cited the toys as perfect Lunar New Year gifts that celebrate local culture in a fun, lighthearted way.

The popularity of these items was mirrored across a broad range of New Year market offerings, from traditional foods and floral displays to handcrafted artisanal goods and creative local designs.

The blend of cultural nostalgia with contemporary festive fun has helped deepen community engagement and increase foot traffic at the fairs, drawing both local residents and visitors eager to explore Hong Kong’s enduring traditions during the Spring Festival season.:contentReference[oaicite:3]{index=3}

Experts warn that the intense ‘double fire’ energy of 2026’s Fire Horse year may bring volatility unless balanced with grounding practices
As the Lunar New Year ushers in the Year of the Fire Horse on February seventeen, feng shui masters in Hong Kong are advising households and individuals to be mindful of the year’s potent fire energy, which they say could manifest as emotional intensity, impulsiveness and imbalance if not properly managed.

According to traditional Chinese metaphysics, the 2026 zodiac year — known as the Yang Fire Horse — combines the Horse’s dynamic nature with the Fire element’s vibrant force, creating what practitioners describe as an unusually strong energetic influence.

Feng shui masters such as Chow Hon Ming and his daughter Thierry Chow highlight that the Fire Horse year’s energy can catalyse rapid developments, passion and opportunity, but can also intensify drama, conflict and emotional heat if unchecked.

They recommend strategic adjustments in home environments to harmonise the strong fire qi, including placing calming elements and avoiding overwhelming fire-associated colours and layouts.

Specialists stress that the double fire configuration — with both the heavenly stem and earthly branch associated with fire — is rare and may amplify tendencies toward impatience and volatility in daily life.

To counterbalance this, practitioners suggest incorporating earth and wood elements, such as natural materials and greenery, which are believed to ground excessive fire energy and support steadiness.

Sources on feng shui for 2026 note that the Fire Horse year’s characteristic energy also intersects with broader astrological influences, making it important for individuals to be intentional about their environments and decision-making as momentum builds across sectors of life.

Successful navigation of the year’s currents, they assert, depends on mindful alignment of personal goals with the dynamic energies of the time.

Observers emphasise that while the Fire Horse year can fuel creative breakthroughs and bold action, excessive fire energy without grounding could bring emotional stress and rash decision-making, underscoring the value of balance and thoughtful feng shui practice as the year unfolds.
Mainland China, Hong Kong and Singapore exchanges remain closed for Lunar New Year public holidays, halting trading across key regional markets
Major financial markets in mainland China, Hong Kong and Singapore were closed on Tuesday, February seventeen as part of the extended Lunar New Year public holiday period observed across the region.

The closures reflect scheduled trading holidays under national and exchange-mandated calendars tied to the Spring Festival.

Mainland Chinese stock exchanges, including Shanghai and Shenzhen, are observing multiple days of market suspension for the Spring Festival, a period that typically sees broad economic activity pause as businesses and government offices close for family and cultural celebrations.

This year’s statutory holiday covers a series of consecutive days, with exchanges remaining offline throughout the week, including Tuesday’s session.

Hong Kong’s stock and derivatives markets were likewise shuttered in observance of Lunar New Year, with both securities and Stock Connect northbound and southbound trading suspended for the holiday period.

Markets in the city are set to begin operating again later in the week once the statutory closure ends.

The Singapore Exchange was also closed on Tuesday for the Chinese New Year holiday, consistent with its annual holiday schedule.

The closure aligns with broader regional market pauses that often result in lower liquidity and reduced trading volumes in related markets.

These coordinated closures across key Asia Pacific financial centres underscore the importance of the Lunar New Year holiday in the region’s economic and cultural calendar.

Investors and traders typically adjust strategies around these periods of reduced activity, with many global participants monitoring developments once markets resume normal operations.
Regulatory approval signals renewed momentum for the city’s digital asset ambitions after extended pause in licensing
Hong Kong’s financial regulator has approved its first new cryptocurrency trading platform license since June of last year, marking a significant development in the city’s evolving digital asset framework.

The Securities and Futures Commission confirmed that a virtual asset trading platform had met regulatory requirements under the territory’s licensing regime, becoming the first company to secure approval in roughly eight months.

The move follows a period of heightened scrutiny and stricter compliance reviews as authorities refined oversight standards for the sector.

Hong Kong introduced its updated licensing framework for virtual asset service providers as part of a broader strategy to position the city as a regulated hub for digital finance.

Under the regime, crypto exchanges seeking to operate legally must satisfy requirements covering custody of client assets, anti-money laundering controls, cybersecurity safeguards and investor protection measures.

The approval comes amid intensified global competition among financial centers to attract crypto businesses while balancing concerns over market volatility and consumer risk.

Officials in Hong Kong have repeatedly stated that the city aims to support innovation without compromising financial stability.

Industry participants say the new license could encourage additional applicants that have been awaiting clarity on regulatory expectations.

Market observers note that the pause in approvals since mid-last year reflected a deliberate effort by authorities to ensure that only platforms with robust compliance systems enter the market.

The regulator has not indicated whether further approvals are imminent, but the decision underscores Hong Kong’s continued commitment to building a supervised digital asset ecosystem rather than retreating from the sector.

The development is likely to be closely watched by both regional competitors and international crypto firms evaluating expansion plans in Asia.
Emails reveal financial support helped meet sponsorship requirements for government grants totaling nearly nine million Hong Kong dollars
Jeffrey Epstein provided financial support to artificial intelligence researcher Ben Goertzel and helped him secure at least HK$8.9 million in grants from the Hong Kong government, according to newly examined correspondence and reporting published this week.

Emails released by the United States Department of Justice show that Epstein pledged at least $113,000 over five years to support Goertzel’s open-source artificial intelligence initiatives.

The funding enabled Goertzel’s company to satisfy eligibility requirements necessary to obtain public research backing in Hong Kong.

Goertzel, an American computer scientist known for advocating artificial general intelligence, worked in Hong Kong during the 2010s as chief scientist at Hanson Robotics, the firm behind the humanoid robot Sophia.

During that period, he was also involved in research collaborations at Hong Kong Polytechnic University.

He later returned to the United States while retaining permanent resident status in Hong Kong.

The association between Goertzel and Epstein reportedly dates back to 2001, when Epstein funded a research fellowship connected to Goertzel’s work.

Between 2010 and 2015, at least $113,000 was routed through the US-based nonprofit Humanity+ and transferred onward to Novamente, a company owned by Goertzel.

Novamente subsequently acted as the designated “industry sponsor” for projects applying to Hong Kong’s Innovation and Technology Fund.

Under the rules of that fund, applicants must secure at least ten percent of total project costs from industry sponsors to qualify for government support, with the remaining balance financed through public funds.

Three projects at Hong Kong Polytechnic University supported by Novamente received a combined HK$8.9 million between 2010 and 2016.

Correspondence cited in the report shows Goertzel repeatedly sought Epstein’s assistance to meet sponsorship thresholds.

In a 2011 message, Goertzel asked whether Epstein would contribute an additional $10,000, writing that he could not personally afford the amount at the time.

In 2015, amid renewed public scrutiny of Epstein’s criminal conduct, Goertzel requested a further $25,000.

An assistant initially indicated that funding would be suspended due to “the current environment,” but Epstein later authorized the transfer.

Communication between the two men continued until at least 2018, roughly a year before Epstein was arrested on federal sex trafficking charges.

He died in jail in 2019.

In remarks addressing the revelations, Goertzel expressed regret over the relationship.

He stated that he regretted knowing Epstein, accepting his money, or having any association with him.

He added that the difficulty of securing funding for research in artificial general intelligence at the time had influenced his decisions, noting that support for such work was extremely limited and that declining available funding was challenging when resources were scarce.
Sentencing of prominent pro-democracy media tycoon under national security law triggers global alarm over erosion of autonomy and press freedom
Hong Kong’s judiciary on February 9 imposed a 20-year prison sentence on Jimmy Lai Chee-ying, the 78-year-old founder of the pro-democracy newspaper Apple Daily, marking the harshest punishment yet handed down under the national security law imposed by Beijing.

The sentence follows Lai’s December conviction on multiple charges, including conspiracy to collude with foreign forces and conspiracy to publish seditious materials, concluding a legal saga that has spanned more than five years since his arrest in 2020. Lai’s conviction and punishment have become emblematic of the dramatic shift in Hong Kong’s political and legal landscape, with many observers viewing his fate as a stark indicator of how far freedoms once guaranteed under the city’s semi-autonomous status have receded.

Lai’s case has drawn widespread international attention and criticism, with foreign governments and rights organisations urging his release and condemning the sentence as disproportionate and punitive.

Critics contend that the application of national security legislation to his journalism and advocacy activities reflects a broader strategy to stifle dissent and consolidate control over Hong Kong’s civic space.

Supporters of Lai note that the severity of his sentence — the most severe in the history of cases brought under the security law — means he could spend the rest of his life in prison.

Family members and advocates have expressed deep concern for his health and well-being behind bars, framing the sentence as a personal tragedy and a symbolic inflection point in Hong Kong’s struggle for democratic expression.

Chinese and Hong Kong authorities have defended the conviction and sentence as lawful and necessary to safeguard national security, asserting that Lai’s activities threatened the territory’s stability and legal order.

Officials have characterised his actions, including meetings with overseas figures and calls for international sanctions, as collusion with foreign forces aimed at undermining national interests.

They maintain that the ruling demonstrates the firm application of legal norms to conduct that violates the national security framework enacted in 2020.

The broader implications of Lai’s sentencing extend beyond one individual, feeding into a narrative about the erosion of civil liberties, press freedom and judicial independence in Hong Kong.

Once hailed as an open Asian financial hub with a vibrant press, the city has seen a sharp contraction in civic space since the introduction of the national security law.

Lai’s fate is widely interpreted as a sign of how legal mechanisms are now central to reshaping the political order, and many analysts view the case as a symbolic end to the era of robust, independent media advocacy in the territory.

Advocacy groups and some foreign governments have reiterated calls for respect for fundamental freedoms, even as Chinese and Hong Kong authorities insist the measures taken are essential to maintaining stability and national unity under the current constitutional arrangement.
Property developer’s market exit and sudden departure of company secretary raise fresh questions over governance amid regional expansion push
Greater Bay Area Dynamic Growth Holding has announced plans to delist from the Hong Kong stock exchange alongside the resignation of its company secretary, developments that have unsettled investors even as the firm continues to promote its expansion strategy within southern China’s fast-growing Greater Bay Area.

In a filing to the exchange, the property and infrastructure investment group confirmed it would seek to withdraw its listing following prolonged trading weakness and limited liquidity in its shares.

The company cited strategic realignment and cost considerations as key factors behind the decision, stating that the compliance burden associated with maintaining a public listing had become disproportionate to the benefits.

On the same day, the firm disclosed that its company secretary had stepped down with immediate effect, without providing detailed reasons for the departure.

The board said it had begun the process of appointing a successor to ensure continuity in regulatory compliance and corporate governance functions.

No indication was given that the resignation was linked to the proposed delisting, though the close timing of the announcements has drawn scrutiny from market participants.

Greater Bay Area Dynamic Growth has positioned itself as a beneficiary of Beijing’s integration blueprint for the Greater Bay Area, a region encompassing Hong Kong, Macau and nine mainland cities in Guangdong province.

The initiative aims to deepen economic ties, boost cross-border infrastructure and foster innovation across one of China’s most economically vibrant corridors.

Company executives have repeatedly pointed to infrastructure upgrades and urban development projects as long-term drivers of growth.

Analysts say the delisting reflects broader pressures facing smaller Hong Kong-listed firms, particularly those with thin trading volumes and limited international investor coverage.

Over the past year, several mid-cap and small-cap issuers have reassessed the value of remaining listed amid market volatility and higher compliance standards.

While some companies have pursued privatization to restructure away from the public spotlight, others have sought alternative financing routes in mainland markets.

The board of Greater Bay Area Dynamic Growth emphasized that operations would continue uninterrupted and that the delisting would not affect existing contractual obligations or development projects.

It added that shareholders would receive further details regarding the timetable and procedures for the withdrawal.

The episode underscores the evolving landscape of Hong Kong’s capital markets at a time when the city is working to reinforce its position as a gateway for regional growth.

As the Greater Bay Area continues to attract policy support and investment flows, companies operating within the integration framework face both opportunity and heightened expectations around transparency and governance.
Unseasonably high heat expected on Lunar New Year’s Eve with record-breaking warmth amid mild seasonal weather patterns
Hong Kong is forecast to experience its warmest Lunar New Year’s Eve in recorded history, with temperatures expected to reach around 28 °C, meteorological authorities have said.

The forecast for Monday, which corresponds to the eve of the Year of the Horse, would surpass the previous high of 27.8 °C set in 1953, according to official climate records that date back to 1884, and reflects unusually mild conditions for this time of year.

Officials from the Hong Kong Observatory reported that the morning minimum temperature of 22 °C on the eve itself was already the highest on record for that date.

A generally warm day is expected with urban areas reaching near 28 °C and slightly higher readings possible in parts of the New Territories.

Light rain patches were also forecast during the night, though conditions were expected to remain humid and comparatively hot across the territory.

The warm spell forms part of a broader pattern of elevated temperatures in early 2026, following a period of mild conditions across southern China and Hong Kong that have seen above-seasonal heat in recent weeks.

The extended weather forecast suggests that a fresh northeast monsoon may arrive later in the festive period, bringing cooler mornings after the holiday, but the immediate outlook sees unseasonably high heat during the Lunar New Year celebrations.

Residents and visitors planning festivities, outdoor gatherings and the traditional night market celebrations are likely to encounter warm and humid conditions, a departure from the cooler temperatures more typical of this season.

The expected record warmth comes as the city prepares for expanded holiday travel and celebratory events, offering an unusually mild start to the Year of the Horse festivities.
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