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News - South China Morning Post
  1. About 270 residents of Hong Kong’s fire-ravaged Wang Fuk Court are returning to their flats on Monday to pack their belongings, nearly five months after the deadly blaze, with authorities deploying more than 1,000 staff to assist them. Deputy Chief Secretary Warner Cheuk Wing-hing said 269 residents from 78 households in Wang Sun House would return to their flats in two phases. “If conditions...
  2. The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the third of a three-part series, we look at Hong Kong’s position as a stable base where demand for property has held firm despite the global turmoil. The...
  3. In the early 2010s, a small Australian company tried to build a fleet of satellites before lenders, concerned about its chief executive officer’s flamboyant behaviour, pulled hundreds of millions of dollars of financing. The firm collapsed in 2015. More than a decade later, Singapore real estate tycoon Ching Chiat Kwong, who says he put US$100 million of his own money into NewSat, has not...
  4. Deliveries of China’s home-grown C919 narrowbody airliner, billed to challenge mainstream models from Boeing and Airbus, appear to be delayed, with only three units shipped to Chinese carriers in the first quarter of 2026. Observers point to several factors holding back the Commercial Aircraft Corporation of China (Comac). While some C919s are said to be stuck on the tarmac waiting for engines,...
  5. Bolstering strategic partnerships and economic ties will be high on the agenda during South Korean President Lee Jae Myung’s six-day trip to India and Vietnam, as Seoul seeks to expand cooperation with the Global South amid the Middle East turmoil. Lee, who arrived in New Delhi on Sunday, is scheduled to meet Prime Minister Narendra Modi, business leaders and Korean expatriates before concluding...
  6. Hong Kong’s government is under mounting pressure to deliver the Northern Metropolis, announced in 2021, as it approaches the end of its term – less than 15 months and counting. The megaproject, to turn 30,000 hectares (74,132 acres) near the border with mainland China into a centre of international innovation and technology, is to be an engine to drive the city’s economic growth and housing –...
  7. A young Chinese woman who returned to her hometown to raise more than 60,000 venomous snakes and earns more than a million yuan (US$147,000) a year has caused astonishment online. The woman, surnamed Qin, was born in 1995 and hails from Guilin in Guangxi province, southern China. Two years after graduating from university, she returned to her village to help her father raise snakes. She now...
  8. Twenty Hong Kong couples have each received baby bonuses totalling HK$60,000 (US$7,700) for having three children in about 2½ years. Yet less than 60 per cent of the HK$2.28 billion earmarked for the three-year government scheme has been disbursed as of February, with just over six months to go before it ends in October. Government figures showed the city’s registered birth rate in the first two...
  9. Hong Kong-headquartered Toys ‘R’ Us Asia has pivoted to an experience-focused format and smaller stores in the city following an expansion programme that sought to increase its outlets as it navigates the changing retail landscape. The group planned to close the year with 20 stores in Hong Kong, representing a 40 per cent rise from 2025, said Leo Tsoi, CEO of the toys and collectibles...
  10. This year’s El Nino could increase the global demand for fossil fuels and worsen the price rises caused by the Iran crisis, Chinese government scientists have said. The climate phenomenon happens every two to seven years and causes an increase in average global temperatures. A strong El Nino can bring either droughts or torrential rains and flooding, both of which may force hydropower stations...