Tuesday, May 22, 2018

Hong Kong opposition lawmaker Ted Hui bailed after arrest over phone-snatching...

Democratic Party lawmaker Ted Hui Chi-fung was bailed just after midnight, following his arrest on Saturday morning for common assault and dishonest access to a computer. “The case is being investigated and so I can’t say too much about it. Thank you all for staying here till so late at night,” an exhausted Hui told…

Politics

Business

April inflation up 1.9%

Consumer prices rose by 1.9% year-on-year in April, the Census & Statistics Department said today.   Netting out effects of the Government's one-off relief measures, the underlying inflation rate was 2.2%, compared to 2.6% in March.   Year-on-year price increases were recorded in April for food, electricity, gas and water, meals bought away from home,…
CE opens tech forum

CE opens tech forum

Chief Executive Carrie Lam opened the Forum on Mainland-Hong Kong Cooperation in Innovation & Technology today.   Held by the Hong Kong Special Administrative Region Government, more than 100 academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering, as well as representatives from the HKSAR Government and the technology sector, attended.…

Airport delays for hundreds of passengers after Chinese business jet skids off runway

A business jet veered off a runway in eastern China on Sunday afternoon, causing 700 passengers to be delayed. The plane, carrying four people, ended up nearly 70 metres from Yangzhou Taizhou airport runway in Jiangsu province at around 3pm after it attempted to land during pilot training, according to Xinhua. A video on Weibo,…
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Senior appointments announced

Senior appointments announced

Hong Kong Commissioner for Economic & Trade Affairs, USA, Clement Leung will become Permanent Secretary for Commerce & Economic Development (Communications & Creative Industries) on June 12.   On that day, Permanent Secretary for Commerce & Economic Development (Communications & Creative Industries) Eliza Lee will take up the post of Permanent Secretary for Commerce &…
Hong Kong’s millennials join red-hot property party, snap up 50pc of units launched over weekend

Hong Kong’s millennials join red-hot property party, snap up 50pc of units launched over...

Hong Kong’s millennials, fearing that they will soon be unable to afford property in one of the world’s most expensive cities, have joined the real estate rush. Buyers snapped up about 250 units in four projects with prices ranging from HK$19,975 to HK$28,235 (US$2,545 to US$3,600) per square feet during the past three days, proof…
Exchange Fund assets down

Exchange Fund assets down

The Exchange Fund’s foreign assets fell by $39.4 billion to $3.5586 trillion in April, the Monetary Authority said today.   The monetary base was at $1.6706 trillion, while claims on the private sector in Hong Kong amounted to $230.5 billion.   Foreign liabilities, representing fees payable to the Exchange Fund's external managers, amounted to $400 million.

Hong Kong opposition lawmaker Ted Hui bailed after arrest over phone-snatching saga

Democratic Party lawmaker Ted Hui Chi-fung was bailed just after midnight, following his arrest on Saturday morning for common assault and dishonest access to a computer. “The case is being investigated and so I can’t say too much about it. Thank you all for staying here till so late at night,” an exhausted Hui told…

Diplomacy & Defence

China’s love-hate relationship with Japan is love again. Ahem

China’s love-hate relationship with Japan is love again. Ahem

Japanese Prime Minister Shinzo Abe may have shared a glass of wine with his Chinese counterpart Li Keqiang, but the two powers have been fighting for regional dominance, off and on, ever since the Tang dynasty By Cary Huang 20 May 2018 Over the years, few love-hate relationships have come close to the geopolitical one…
Why Chinese Vice-Premier Liu He has the most difficult job in the US-China trade talks

Why Chinese Vice-Premier Liu He has the most difficult job in the US-China trade...

When China’s vice-premier, Liu He, set off for Washington on Tuesday to resume talks to avert a much-dreaded trade war, he was facing a difficult challenge. Although President Xi Jinping pulls the strings, Liu – Xi’s top economic aide and the point man for the trade talks – is the obvious target to blame if negotiations go badly…

First stop, Russia: why China’s new foreign policy supremo Wang Qishan is looking to...

Chinese Vice-President Wang Qishan heads to Russia this week on his maiden overseas trip since assuming his new foreign policy role, with Beijing looking to hedge bets as it tussles with Washington over trade and geopolitics. According to the Chinese Ministry of Foreign Affairs, Wang, the former Communist Party anti-graft tsar and one of President…