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Updated 15m ago
SCMP

Chinese banks embrace cheaper short-term loan rates despite margin risks

Chinese commercial banks have begun pricing corporate loans against a short-term interbank repo rate rather than the benchmark loan prime rate (LPR), a shift drawing sharp scrutiny from investors worried about the sector’s already thin profitability. The industry’s average net interest margin – the

20 Aug, 04:00 pm
SCMP

Hong Kong drivers to renew vehicle licences in 1 day by year-end under AI system

Hong Kong drivers will be able to renew their vehicle licences within one day by year-end, down from the current processing time of up to 10 working days, under new artificial intelligence (AI) initiatives aimed at streamlining transport services and traffic management. The “Easy Licence Application

20 Aug, 03:48 pm
SCMP

Live-streamed Philippine school shooting raises alarm over ‘memetic violence’

A deadly school attack in the southern Philippines is drawing scrutiny as part of an apparent regional pattern of youth violence that echoes the staging, symbolism and online spectacle of mass shootings overseas. Authorities are investigating whether the incident in Zamboanga, in which a student rep

20 Aug, 03:07 pm
SCMP

From travel warnings to visa fees: why Chinese tourism to Japan is in free fall

Mainland Chinese tourist arrivals in Japan fell for an eighth consecutive month in July, as group tours slumped and visa costs rose amid deteriorating ties between Beijing and Tokyo. Mainland China has traditionally been a major source of visitors for Japan, but tourist arrivals plunged 56.1 per cen

20 Aug, 03:00 pm
SCMP

Cathay Pacific to launch direct flights between Hong Kong and Almaty in January

Cathay Pacific Airways will launch direct passenger flights between Hong Kong and Almaty, Kazakhstan’s largest city, in January, making it the airline’s first Central Asian destination and establishing the only non-stop service between the two. The three-times-weekly service will begin on January 9

20 Aug, 01:49 pm
SCMP

Iran goes on the offensive as diplomacy with US stalls

Six months into its war with the United States, Iran’s military has begun signalling a shift from retaliation to offence, which analysts say could reflect Tehran’s belief it holds leverage to advance its demands and break the stalemate. Since US-Israeli strikes launched the war on February 28, Tehra

20 Aug, 12:58 pm
HK Free Press

CK Hutchison seeks over US$1.5 billion from Panama over port takeover

Hong Kong conglomerate CK Hutchison said on Thursday it has filed international arbitration proceedings against Panama over its cancellation of a concession to operate two ports in the Panama Canal. The dispute stems from a Panama supreme court ruling in January that struck down the contract that le

20 Aug, 12:18 pm
HK Free Press

NGO PETA Asia offers HK$50,000 reward for info about suspected hamster abuse

An animal rights NGO is offering a HK$50,000 reward for anyone with information that could assist police in a case involving suspected hamster abuse. In a social media post on Wednesday, PETA Asia said the discovery of two hamsters next to a rubbish bin in Sham Shui Po with severe injuries to their

20 Aug, 08:40 am
HK Free Press

Hong Kong stock exchange posts record half-yearly profit

Hong Kong’s stock exchange reported record profits on Wednesday, thanks to a surge in demand for initial public offerings by tech and artificial intelligence companies, the bourse operator said on Wednesday. The results come as Hong Kong’s IPO market saw a surge in listings from the arti

19 Aug, 11:08 pm
HK Free Press

Hong Kong father jailed for 22 years for decade-long sexual abuse of daughter

A 48-year-old man has been sentenced to 22 years in jail after he repeatedly raped his daughter over a period of 10 years, starting when the victim was only 14. Recorder of the Court of First Instance of the High Court Eric Kwok jailed the man, identified as Y.S., on Tuesday, The Witness reported. K

19 Aug, 05:01 pm