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1. Average public housing wait time in Hong Kong rises to 5.6 years

   Hong Kong’s average waiting time for a public rental flat rose to 5.6 years as of December, marking an increase for three consecutive quarters, as the Housing Bureau attributed the increase to high demand for flats in urban areas. According to figures announced on Thursday, the latest average waiting time for general applicants – family or elderly households – over the past 12 months was higher...

2. 10, 9, 8 ... rocket test puts China neck and neck with US in moon race

   China’s latest rocket test has put the country neck and neck with the US in the race to the moon, with crewed landings before 2030 a realistic goal for both nations, according to analysts. During Wednesday’s eight-minute flight from southern Hainan province, China successfully tested two major components of its crewed lunar system: a mid-air escape of the Mengzhou crew capsule and a full launch,...

3. More Southeast Asian human trafficking gangs use crypto to move illegal funds

   Human trafficking syndicates operating across Southeast Asia are increasingly laundering their profits through cryptocurrency, a shift that reflects how swiftly these networks are scaling up and exploiting the ease of moving funds across borders, according to findings by a US blockchain analysis firm. Crypto transactions linked to suspected trafficking operations surged 85 per cent in 2025 to...

4. China to dismantle local power protectionism in push to electrify national grid

   Beijing has issued a central directive to dismantle the administrative walls dividing China’s electricity sector, signalling a decisive shift towards a unified national power market designed to support the country’s energy security and green transition. A decade into its power-sector overhaul, China is doubling down on market unity during the just-started 15th five-year planning period. These...

5. How Washington’s lawyers stack up against Beijing’s technocrats

   The perpetual question of “who governs” finds stark expression in today’s US-China rivalry. As the two powers compete, the contrast between governance-by-technocrats in China and the predominance of lawyers in the United States is shaping each country’s respective development path. China is set to approve its 15th five-year plan, which will set development goals and strategies through 2030. It...

6. Russia launches missile, drone barrage at Ukraine as peace talks stall

   Russia launched a barrage of ballistic missiles and drones at Ukrainian cities in overnight attacks, officials reported on Thursday as Ukrainian President Volodymyr Zelensky said Moscow was “hesitating” about another round of US-brokered talks on stopping the fighting. Washington has proposed further negotiations next week between Russian and Ukrainian delegations in Miami or Abu Dhabi, in the...

7. CK Hutchison pursues ‘all legal options’ on Panama ports, invites consultations

   Hong Kong’s CK Hutchison has vowed to pursue all available legal options to defend its interests after a Panama court last month nullified its right to operate two ports along the country’s canal, while acknowledging that keeping the operations running is beyond its control. The conglomerate headed by Hong Kong tycoon Li Ka-shing’s family, said on Thursday that it had invited the Panama...

8. China’s Lenovo warns of ‘prolonged’ memory crunch, looks to AI for rebound

   Lenovo Group, the world’s largest personal computer (PC) maker, warned of the “prolonged impact” of a global memory crunch after reporting a 21 per cent profit drop in the December quarter, while pinning hopes on a shift to artificial intelligence-powered devices to drive growth. “This structural imbalance between supply and demand [for memory chips] is not simply a short-term fluctuation,” Yang...

9. Xi’s new year message to military reveals PLA Cyberspace Force post in South China Sea

   China has deployed a section of its mysterious cyberspace force to the South China Sea to remain “ready for action”, with the unit making a rare appearance in Chinese President Xi Jinping’s Lunar New Year greeting to the military. Xi conveyed his Lunar New Year message to multiple branches of the People’s Liberation Army (PLA) via video on Wednesday from Beijing’s Bayi Building – the...

10. ‘Superman’ Li Ka-shing tops Hong Kong’s billionaire list with US$45.1 billion: Forbes

    Tycoon Li Ka-shing has added more than US$6 billion to his net worth, boosting his standing as Hong Kong’s richest individual and contributing to a US$65 billion increase in the assets of the city’s 50 richest people, according to Forbes. Li, whose business interests span real estate, infrastructure and pharmaceuticals via companies such as CK Asset Holdings and CK Hutchison, had a net worth of...