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1. Why the collapse of the last US-Russia nuclear treaty matters for China and the world

   China on Tuesday urged the United States to “respond positively” to Russia’s offer to maintain nuclear warhead limits ahead of Thursday’s expected collapse of a major US-Russia agreement to control nuclear build-up. Beijing also reiterated its refusal to join trilateral nuclear disarmament negotiations with Washington and Moscow, despite repeated calls for such talks by US President Donald...

2. 1 month after Maduro abduction, Venezuela moves to reassure China its investments are safe

   Venezuela will ensure that Chinese energy, trade and investment interests in the South American country are secure, its envoy to Beijing has said. The reassurance from Remigio Ceballos comes amid growing concern in Beijing that last month’s unprecedented US assault on Venezuela might complicate China’s ties with the resource-rich country and the wider region. “China and Venezuela are trusted...

3. Mainland memory firms eye Hong Kong for funds to fuel ‘global ambitions’

   A number of mainland-based suppliers of memory chips and storage solutions are pursuing share listings in Hong Kong, signalling a strategic change in how the sector aims to fuel its global ambitions, according to analysts. The most watched firm is Shanghai-based Montage Technology, a designer of high-speed interconnect chips for data centres, which is taking orders from institutional investors...

4. Operation Santa Claus raises HK$19 million for Hong Kong fire victims, other causes

   Hong Kong’s annual fundraiser, Operation Santa Claus (OSC), has wrapped up its campaign this year, raising more than HK$19 million (US$2.4 million) for charitable projects and victims of the Tai Po fire – nearly double its target. The campaign, launched on November 4, had aimed to raise at least HK$11 million for 13 charitable projects. However, fundraising intensified less than three weeks...

5. South Korea’s inheritance tax sparks millionaire exodus

   South Korea has emerged as one of the countries experiencing the world’s largest outflow of wealthy individuals, in part due to its rigid inheritance tax system. A recent analysis by British consultancy Henley & Partners showed on Tuesday that the net outflow of Korean millionaires last year was estimated at 2,400, double the 1,200 recorded in 2024. The figure was the fourth largest globally,...

6. HKMA launches quantum readiness and cybersecurity projects for banks in AI era

   Hong Kong’s banking regulator has unveiled four flagship projects, including a quantum computing readiness index, to help the city’s lenders stay competitive and secure in the artificial intelligence era. The Hong Kong Monetary Authority (HKMA) said the initiatives formed part of its new Fintech Promotion Blueprint, aimed at guiding responsible innovation and preparing the city’s banking sector...

7. American allies are finally hedging against American risk

   At this turbulent crossroads of 2026, the global order is undergoing a major paradigm shift. This is signalled most vividly by a wave of Western leaders visiting Beijing. From British Prime Minister Keir Starmer’s historic mission last week – the first visit by a UK prime minister in eight years – to the high-profile arrivals of Canadian Prime Minister Mark Carney and Finnish Prime Minister...

8. Hong Kong taxi driver fined for throwing passenger’s change out window

   A Hong Kong taxi driver has been fined HK$1,000 (US$128) for rude behaviour, having thrown a passenger’s change out of the window after she had asked him to slow down. Magistrate Winnie Lau Yee-wan at West Kowloon Court convicted taxi driver Lam Ching-fung of behaving rudely towards a female passenger who had booked his cab from Hong Kong International Airport to a residential complex in Hung...

9. China’s gold trading hub rattled as second platform faces payment crisis

   Following the sudden demise of a major gold trading platform in the southern Chinese city of Shenzhen, another retail-focused operator has suffered a run, stoking fears of contagion in China’s private market for the precious metal. The platform, Ydd007, is the latest to face trouble. On Sunday, it told investors that it had experienced three “severe runs” in recent days amid mounting industry...

10. China’s J-10C performs at Singapore Airshow after lead role in India-Pakistan conflict

    China’s 4.5-generation fighter the J-10C appeared at the Singapore Airshow this week amid a drive by Beijing to boost arms sales to Southeast Asia. The model has gained increasing global prominence following reports last May that it had been used by the Pakistan Air Force to shoot down at least one French-made Rafale fighter operated by India during a brief border conflict. The seven J-10C jets...