Sunday, December 16, 2018

Hong Kong customs monitoring travel website Trivago accused by Australian watchdog...

Hong Kong customs is looking into a case by the Australian consumer watchdog against travel website Trivago, accused of misleading users into thinking its search results generated hotel listings with the best prices. The German company, which regularly runs TV commercials in Hong Kong, was reported on Sunday to have admitted in court documents that…

Politics

Business

Belt & Road forum held

Belt & Road forum held

The Commerce & Economic Development Bureau held the Belt & Road: Hong Kong - IN Forum today to explore how professionals and startups can use Hong Kong as a springboard for Belt & Road markets. Opening the forum, Chief Executive Carrie Lam said the Belt & Road Initiative involves a large amount of infrastructure projects,…
Budget consultation starts

Budget consultation starts

The Government today launched the public consultation exercise for the 2019-20 Budget. Financial Secretary Paul Chan noted Hong Kong’s economic growth slowed down in the third quarter, affected by international trade conflicts and other factors, while the economic outlook for the next year is full of uncertainties. He added that in preparing the upcoming Budget, he will carefully consider…
HK an insurance hub

HK an insurance hub

Chief Executive Carrie LamIn less than a month's time, we will be welcoming the new year. And, looking back, 2018 has already secured its place in history as a particularly eventful year. In the financial sector, there were ups and downs in the past 11 months. The Hang Seng Index rose to more than 32,000…
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Tung Chung in Hong Kong sees major improvements after measures to control crowd chaos from mega bridge

Tung Chung in Hong Kong sees major improvements after measures to control crowd chaos...

A series of official measures to ease the tourist influx at a quiet Hong Kong suburb near the new cross-border sea bridge led to significant improvements on Saturday with smaller crowds, as residents breathed a sigh of relief. At 12pm, no flag-wielding tour groups were spotted in Lantau Island’s Tung Chung, the closest residential area…
Wanted: Communist Party members for high-paying jobs at internet giants

Wanted: Communist Party members for high-paying jobs at internet giants

Wanted: bachelor’s degree holder with at least two years of experience in government affairs and Communist Party membership. Applicants with experience in government or big companies preferred. Annual salary 240,000 yuan (US$34,760) to 480,000 yuan (US$69,520). The high-paying job offer on employment website Liepin.com was posted late last month by Didi Chuxing as part of…
China’s bankers grapple with new credit rules to private borrowers as officials sow confusion with flip-flopping policies

China’s bankers grapple with new credit rules to private borrowers as officials sow confusion...

Some Chinese banks are struggling to comply with unprecedented regulatory targets for credit to private companies because they aren’t sure who to lend to, a sign that authorities’ urgency to reverse an economic slowdown is muddying policy. The confusion stems from China Banking and Insurance Regulatory Commission chief Guo Shuqing’s statement on Thursday that at…
Extreme cold disrupts China’s northeast – but tourists love it

Extreme cold disrupts China’s northeast – but tourists love it

The northeastern Chinese province of Heilongjiang has been experiencing extreme cold this week, with Mohe, the country’s most northern city, recording temperatures of minus 40 degrees. A cold front reached the province on Monday, causing temperatures in most places to drop by 12 to 20 degrees since then, state news agency Xinhua reported. An orange…

Diplomacy & Defence

US prosecutor of Huawei’s CFO counts 1MDB fugitive Jho Low and Mexican drug lord ‘El Chapo’ among his high-profile cases

US prosecutor of Huawei’s CFO counts 1MDB fugitive Jho Low and Mexican drug lord...

The United States prosecutor who is seeking to extradite Huawei Technologies’ Chief Financial Officer Sabrina Meng Wanzhou is the same man pursuing criminal charges against fugitive financier Jho Low in the 1Malaysia Development Berhad scandal and Joaquín Guzmán Loera, the notorious Mexican drug kingpin known as “El Chapo.” Richard P. Donoghue was named US Attorney…
Vietnam uses US-China trade war to rebalance its economic and security relationships

Vietnam uses US-China trade war to rebalance its economic and security relationships

As the rivalry between China and the US intensifies and uncertainty hangs on whether they can resolve their trade war beyond the current 90-day truce, it’s an uneasy time for Asian nations caught between the two powers. In this special investigative series the South China Morning Post explores how the China-US rivalry is affecting four…
Former Canadian diplomat Michael Kovrig detained in China after arrest of Huawei CFO Sabrina Meng Wanzhou in Canada

Former Canadian diplomat Michael Kovrig detained in China after arrest of Huawei CFO Sabrina...

A former Canadian diplomat has been detained in China while a Canadian court weighs whether to grant bail to a top Chinese technology executive who is being held in Vancouver pending a US extradition request. The International Crisis Group confirmed in a statement on Tuesday that it was “aware of reports that its North East…