Business

China Orders State Firms to Speed AI Rollout Across Manufacturing

China's SASAC directed central state-owned enterprises to accelerate AI adoption across manufacturing, from R&D to production and management.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

China Sets 2030 Target for Public Cultural Services in 15th Five-Year Plan

China's Ministry of Culture and Tourism issued a 15th Five-Year Plan for public cultural services, setting 2030 targets and 18 key engineering projects.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

Art Auction Sales Decline Despite Record Wealth, Generational Shift Reshapes Market

Auction sales have declined for a third consecutive year, raising questions about a deeper shift in the global art market. Sales at major houses...

NFL Fines Over 100 Players and Staff for Super Bowl Ticket Resale Violations

The NFL is issuing disciplinary action against more than 100 players and about two dozen team employees for violating its policy on ticket resale,...

The End of Colbert’s Late Show Sparks Debate Over Future of Late Night TV

The decision to cancel “The Late Show with Stephen Colbert” has sparked debate over whether it signals the end of an era for late...

Boeing Stabilizes Under CEO Kelly Ortberg Amid Recovery Efforts

After nearly seven years of turbulence, Boeing is showing signs of recovery under CEO Kelly Ortberg, a seasoned aerospace engineer brought out of retirement...

Apple, Huawei, Xiaomi Lead China’s Top Online Consumer Brands

Apple, Huawei Technologies, and Xiaomi have emerged as the top three brands favored by mainland Chinese consumers based on online purchasing behavior, according to...

Stablecoins Gain Traction as Hong Kong and US Move Toward Regulation

The rise of stablecoins continues to shape the cryptocurrency landscape, with renewed regulatory focus from authorities in Hong Kong and the United States. As...

Xiaomi Launches YU7 SUV to Challenge Tesla Model Y in China’s EV Market

Tesla’s dominance in China’s premium electric vehicle market faces a new test with the launch of Xiaomi’s YU7 SUV. Introduced with great anticipation, the...

Hengrui Pharma Soars on Hong Kong Debut Amid Biotech Market Revival

Jiangsu Hengrui Pharmaceuticals made a strong debut on the Hong Kong stock exchange, marking a major milestone in its global expansion. Trading under the...

UBS Asian Investment Conference to Tackle Global Uncertainty with Diverse Line-Up

Maria Konnikova, a psychologist, bestselling author, and professional poker player, is set to explore the concept of uncertainty at the upcoming Asian Investment Conference...

Hong Kong Moves Closer to Private Equity Fund Listings with MPF Inclusion

Private equity funds may soon be listed on the Hong Kong stock exchange, following a recent decision by the city’s pension regulator to allow...

AXA to Redomicile to Hong Kong as New Law Simplifies Process for Insurers

AXA, one of Hong Kong’s largest insurers, has announced plans to shift the legal domicile of its Hong Kong-serving entity from Bermuda to Hong...

BYD Overtakes Tesla in European EV Sales Amid Rising Demand and Tariff Pressures

Chinese carmaker BYD surpassed Tesla in battery electric vehicle (BEV) sales in Europe for the first time in April, signaling a major shift in...

Hong Kong Strengthens Role as Offshore Yuan Hub Amid Growing De-dollarisation

International businesses are increasingly seeking to diversify away from the US dollar, with Qatar emerging as a notable example of this trend, according to...

Hong Kong Millennials Embrace AI in Wealth Management, Study Shows

Nearly three-quarters of Hong Kong millennials expect their wealth managers to use artificial intelligence (AI) tools to build and adjust investment portfolios, according to...

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