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1. Hong Kong’s West Kowloon arts hub seeks US$1 billion in first bond sale to fund operations

   The loss-making authority that manages Hong Kong’s West Kowloon arts hub will sell bonds for the first time, aimed at raising up to US$1 billion to fund its operations. According to documents submitted to Hong Kong Exchanges and Clearing on Thursday, the West Kowloon Cultural District Authority appointed the Hongkong and Shanghai Banking Corporation and Standard Chartered Bank (Hong Kong) as...

2. Trump to end Minnesota immigration crackdown, border tsar says

   The immigration crackdown in Minnesota that led to mass detentions, protests and two deaths is coming to an end, border tsar Tom Homan said on Thursday. Democratic Governor Tim Walz said on Tuesday that he expected Operation Metro Surge, which started in December, to end in “days, not weeks and months”, based on his conversations with senior Trump administration officials. “As a result of our...

3. Hong Kong may allow more pupils to use English in lessons, education chief says

   Hong Kong is considering letting more junior secondary school pupils use English as their medium of instruction (MOI), with the education minister pointing to an improved learning environment, better qualified teachers and other developments in the sector. Secretary for Education Christine Choi Yuk-lin also said on Thursday that publicly funded primary and secondary schools could expect more...

4. China cuts EU dairy tariffs, easing trade tensions after EV dispute

   China on Thursday reduced tariffs on European Union dairy imports worth over US$500 million, in the final ruling of an 18-month anti-dumping investigation started in response to the bloc’s duties on Chinese electric vehicles. The new tariffs ranging from 7.4 per cent to 11.7 per cent on dairy imports from the EU will ‌apply for a five-year period from February 13, replacing the 21.9 per cent to...

5. China’s BYD and Geely bid for Nissan-Mercedes Mexico plant to dodge Trump tariffs

   Two of China’s leading carmakers, BYD and ⁠Geely, are among the finalists vying to purchase a Nissan–Mercedes-Benz plant in Mexico, according to a ⁠person familiar with the matter, as China seeks a manufacturing foothold in a country where US tariffs are fuelling factory closures and lay-offs. The finalists emerged from nine companies expressing interest in acquiring the factory, including at...

6. China bought ‘legitimate’ Venezuelan oil from US after Maduro seizure, energy secretary says

   China has bought some Venezuelan oil that was bought earlier by the US, according to Energy Secretary Chris Wright. “China has already bought some of the crude that’s been sold by the US government,” Wright told the media in Caracas, without giving details. “Legitimate Chinese business deals under legitimate business conditions” would be fine, he said, when asked about possible joint ventures in...

7. Taiwan tensions poised to be primary flashpoint of Donald Trump’s Beijing agenda

   Taiwan is likely to be “the most critical and contentious” issue when US President Donald Trump meets his Chinese counterpart Xi Jinping in less than two months, according to analysts, who called on Beijing and Washington to “turn the page” on trade. They also warned there was little chance the powers would make headway on nuclear arms control – an increasingly important fault line in bilateral...

8. Memory price surge of ‘more than 600%’ squeezes China’s device makers

   A global memory supply shock is sweeping through the electronics industry, as surging component costs threaten to squeeze China’s smartphone and broadband equipment manufacturers. New data from TrendForce and Counterpoint Research point to mounting risks across the consumer electronics supply chain, with memory prices soaring amid a supply crunch driven by relentless demand from artificial...

9. John Lee vows ‘systematic framework’ to align Hong Kong with nation’s blueprint

   Hong Kong’s leader John Lee Ka-chiu has pledged to establish a “systematic policy framework” to align development goals with mainland China’s 15th five-year plan, aiming to formulate the city’s own blueprint by the end of the year. The chief executive made the remarks during a steering group meeting on Thursday convened to discuss Hong Kong’s participation in the nation’s five-year plan, which...

10. 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...