China Trust Troubles

Mar 4, 2024

Plainclothes policemen have a chat as they stand watch outside the barricaded Sichuan Trust office building in Chengdu in southwestern China's Sichuan Province on Feb. 27, 2024. Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. (AP Photo/Andy Wong)

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Why the PLA’s Z-10 attack helicopter is taking a bigger role at sea

Built to hunt tanks and support ground troops, the People’s Liberation Army’s main attack helicopter is increasingly being prepared for operations at sea. Crews of the Z-10 are training to fly from ships – a shift that could give Beijing extra firepower in an amphibious assault on Taiwan. Manufactured by AVIC subsidiary the Changhe Aircraft Industries Corporation, the Z-10 entered service with the PLA Army in late 2010. It began documented shipboard trials in 2014, when Chinese navy imagery...

Why the PLA’s Z-10 attack helicopter is taking a bigger role at sea

Brazil-China ties in focus as Bolsonaro gets election edge over Lula

Brazil is set for a presidential run-off after right-wing challenger Flavio Bolsonaro won a surprise first-round victory, threatening Luiz Inacio Lula da Silva’s grip on power in South America’s largest economy. Bolsonaro, son of imprisoned former president Jair Bolsonaro, took 47 per cent of the ballots in Sunday’s election, beating out Lula on 45 per cent. Brazilians will vote again on October 25 as neither candidate got the 50 per cent share needed to claim outright victory. US-China...

Brazil-China ties in focus as Bolsonaro gets election edge over Lula

China’s finance minister on fiscal policy

This article was translated from Chinese into English using Alibaba’s Qwen3.7-Plus, then checked and tweaked for accuracy by a South China Morning Post journalist. It is for reference only, and is not the official English version of the original Chinese document. Alibaba owns the SCMP.

China’s finance minister on fiscal policy

US defence experts to work inside Taiwan military HQ under reported pact

A reported plan to station US defence personnel inside Taiwan’s military headquarters would take cooperation from external help into the heart of defence planning, potentially angering Beijing while raising questions over Taipei’s policymaking autonomy and military secrecy. According to Taiwanese media reports at the weekend, the Pentagon plans to send one official from the Office of the Under Secretary of Defence for Policy and one expert from the Institute for Defence Analyses (IDA) to work on...

US defence experts to work inside Taiwan military HQ under reported pact

Why protecting home values is Beijing’s new priority

For decades, China’s property sector was defined by spectacular scale: farmland transformed into suburbs, skylines rising across regional hubs and, more recently, the prominent unravelling of heavily indebted developers. Yet beneath those dramatic changes, a far quieter and more consequential transformation is taking shape. Official figures published by the National Bureau of Statistics in September reveal that secondary market home transactions have surpassed new residential builds in volume....

Why protecting home values is Beijing’s new priority

8 more firms from Belt and Road Initiative countries apply for IPOs in Hong Kong

Eight more companies from countries belonging to Beijing’s Belt and Road Initiative have applied to list in Hong Kong, the city’s trade promotion chief has revealed. Frederick Ma Si-hang, chairman of the Trade Development Council, also said on Monday the city’s economy would benefit from improving China-US ties. Speaking on the sidelines of the Global Youth Powerhouse Summit, Ma said interest in Hong Kong’s capital markets from Central Asia had surged after a high-level delegation led by Chief...

8 more firms from Belt and Road Initiative countries apply for IPOs in Hong Kong

Chinese doctors shrink lung tumour for baby still in mother’s womb, using needle

Chinese doctors have performed an unprecedented surgery to save an unborn child who developed a fast-growing tumour. A medical team from Shenzhen and Hong Kong recently completed a challenging, precise reduction of a foetal chest tumour while the baby was still in the womb, offering new hope to families facing similarly dire prognoses. Jointly performed by doctors from Shenzhen Baoan Women’s and Children’s Hospital and the Chinese University of Hong Kong, the procedure was detailed and published...

Chinese doctors shrink lung tumour for baby still in mother’s womb, using needle

Days after Xi-Trump summit, top Taiwan diplomat opens de facto consulate in US

Taipei’s top diplomat is in Arizona this week to open a de facto consulate and tour the state’s semiconductor corridor, even as US President Donald Trump has just wrapped up the pageantry of a state visit for President Xi Jinping. Lin Chia-lung, Taiwan’s foreign minister, arrived in Phoenix late on Saturday for a three-day visit that highlights the deepening economic ties between Washington and Taipei. His visit will not include stops in Washington or meetings with anyone at the State...

Days after Xi-Trump summit, top Taiwan diplomat opens de facto consulate in US

Abby Choi’s mother tells court former in-laws lived off socialite’s family wealth

The mother of slain Hong Kong socialite Abby Choi Tin-fung has accused her former in-laws of living off her family’s wealth without contributing anything to her grandchildren. Cheung Yin-fa testified in the High Court on Monday about the relationship between her daughter, ex-son-in-law Alex Kwong Kong-chi, and his family in the years leading up to the influencer’s slaying in February 2023. Kwong, 31, his father Kwong Kau, 68, and elder brother Anthony Kwong Kong-kit, 35, are standing trial after...

Abby Choi’s mother tells court former in-laws lived off socialite’s family wealth

Kai Tak Hospital starts first phase of operations, treats 350 patients on day 1

Hong Kong’s Kai Tak Hospital launched its first phase of operations, treating nearly 350 patients at its family medicine centre on Monday, with the daily number projected to reach 1,800 by the end of the year. While patients welcomed the service, lawmakers called for more frequent feeder transport and better publicity surrounding transit options. Positioned to become Hong Kong’s largest public hospital once fully operational, Kai Tak Hospital opened its family medicine integrated centre on...

Kai Tak Hospital starts first phase of operations, treats 350 patients on day 1

Wellcome operator DFI Retail seeks buyer for fully leased shopping centre on The Peak

DFI Retail, the food and beverage unit of Hong Kong-headquartered conglomerate Jardine Matheson, is looking to sell its mall at The Peak, one of the city’s wealthiest neighbourhoods. The entire commercial portion of the Dairy Farm Guildford Road Shopping Centre will be sold via a public tender closing at noon on November 19, according to sole agent CBRE. The property is near The Peak campus of the German Swiss International School. The mall consists of a two-storey retail podium with a gross...

Wellcome operator DFI Retail seeks buyer for fully leased shopping centre on The Peak

Hong Kong outlines 4-step AI talent plan to help graduates navigate job market

Hong Kong has unveiled a four-step artificial intelligence (AI) “talent ladder” strategy to counter entry-level job shock and foster industry leaders, viewing the technology as a “catalyst, not a threat”. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming warned on Monday that the “entry-level shock” was real because AI performed well in many routine tasks that once made up a graduate’s first job, such as basic coding and first-line customer service. Speaking at the...

Hong Kong outlines 4-step AI talent plan to help graduates navigate job market

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