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1. No barriers for 50,000 users of new ‘seamless’ e-channels at mega bridge

   About 50,000 regular users of the Hong Kong-Zhuhai-Macau Bridge will soon be able to pass through new immigration e-channels without stopping or displaying their identity cards, as facial recognition will be used for clearance. Or Chung-yuk, assistant director of information systems at the Immigration Department, said on Thursday that Hong Kong permanent residents aged 11 or above who were...

2. China’s space start-ups eye IPO boom as SpaceX heads for record listing

   This is part of a series on the global impact of SpaceX’s historic IPO, tracing how mainland Chinese investors’ strategies, the Hong Kong market and wider capital flows are being reshaped by Elon Musk’s trillion‑dollar rocket gamble. The landmark listing of US aerospace giant SpaceX is expected to accelerate and reshape the initial public offering (IPO) plans of China’s emerging commercial space...

3. China’s BYD claims Germany’s plug-in hybrid crown, disrupting market of iconic auto giants

   One out of every seven plug-in hybrid vehicles registered in Germany in May came from BYD, as the Chinese carmaker’s registrations surged 232 per cent in Europe’s largest auto market from a year earlier. With 6,169 vehicles registered there in May, BYD held a 2.6 per cent share of Germany’s new-car registrations, according to data from the country’s Federal Motor Transport Authority. Of those,...

4. Hacking of Philippine Senate’s website spotlights widening political crisis

   The Philippine Senate’s political crisis has spilled into cyberspace after its official website went offline on Thursday following its defacement with a warning accusing lawmakers of betraying public trust. “The people deserve truth. The people deserve accountability. The people deserve better. We do not forgive. We do not forget. Expect Us,” the message said, using a closing phrase long...

5. Fury over Jared Kushner’s Albania resort project threatens to engulf political elite

   As protests in Tirana extend into a second week, they have escalated from opposition to two €5 billion (US$5.7 billion) planned resorts in ecologically sensitive areas linked to Jared Kushner into demands for the entire Albanian political establishment to step aside. Anger erupted on the coast on May 30 when bulldozers moved into one of the sites, spreading to the capital two days later. Every...

6. China leads US in everyday AI apps but firms are overvalued, experts say

   China holds an edge over the US when it comes to getting artificial intelligence applications into the hands of everyday users, according to tech executives and investors, though they warn that Chinese AI firms are looking increasingly overvalued. China still lagged in computing power but was only “100 days behind” the US in frontier AI model capabilities, according to Chi Zhang, general manager...

7. 16 arrested over bogus MPF withdrawal requests due to serious health problems

   Sixteen people have been arrested in Hong Kong for allegedly using falsified medical certificates claiming loss of working ability or terminal illness to fraudulently withdraw HK$4.3 million (US$548,680) in Mandatory Provident Fund (MPF) savings. Police said on Thursday that the suspects comprised nine men and seven women, aged 29 to 63, who reported their occupations as chefs, drivers and...

8. China launches new satellite to test high-speed communication tech

   China launched a new test communication satellite on Thursday in a pivotal step to validate technology essential for next-generation orbital connectivity speeds and reliability. The Communication Technology Test Satellite No 25 was sent into orbit on a Long March 5 rocket launched from the Wenchang spaceport in the southern island province of Hainan at 3.30pm on Thursday. “The satellite will be...

9. Hong Kong, Indonesia move towards direct transactions in yuan, rupiah

   The People’s Bank of China, Hong Kong Monetary Authority (HKMA) and Bank Indonesia signed an agreement on Thursday to create a framework for bilateral transactions between Indonesia and Hong Kong. The parties aimed to implement a currency transaction framework for the direct exchange and settlement of Indonesian rupiah and Chinese yuan in cross-border trade and investment activities among...

10. Why tech titans’ IPOs matter as much in China as in the US

    Blockbuster initial public offerings from tech champions such as Anthropic and SpaceX are about to fundamentally reshape global capital markets. This wave will redirect capital flows and alter valuations across the tech sector. As competition intensifies, investors worldwide will be forced to completely rethink where future returns will come from. For China, the rise of these companies will...