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1. Hong Kong lawmaker Duncan Chiu leads Legco affluent list with 54 properties

   Hong Kong lawmaker Duncan Chiu owns 54 properties at home and overseas, more than any of the other 89 lawmakers, a review of their declaration of interests shows. But Chiu indicated that he is considering selling his properties in the West, citing geopolitical risks and his limited time for managing them. Chiu, the son of the late entrepreneur Deacon Chiu, represents the technology and...

2. China-EU tariff agreement on EVs seen cutting shipments but boosting profitability

   A requirement to set minimum prices for their cars in the European Union will reduce sales there for Chinese electric vehicle (EV) makers, but higher profit margins will eventually improve their bottom lines and brand reputations, according to analysts and industry officials. Assemblers of Chinese pure-electric cars from BYD to Leapmotor will avoid a brutal discount war after European...

3. Trump sets 180-day deadline to counter China’s control of critical minerals

   US President Donald Trump has put allies and trade partners on notice, invoking national security powers to ease China’s chokehold on critical minerals, warning global suppliers to negotiate agreements to secure reliable, diversified supplies for the US or face new trade barriers, including tariffs. In a proclamation signed on Wednesday, the “America first” president declared that the US’...

4. Japan’s Takaichi faces uphill task in lower house election after ally’s exit

   Komeito is emerging as a potential political kingmaker in Japan ahead of a widely expected snap lower house election, three months after the party affiliated with a religious movement announced it was ending an alliance with the ruling Liberal Democratic Party over differences with Prime Minister Sanae Takaichi. On January 23, the opening day of the Diet, Takaichi is expected to announce the...

5. Nasa sends 4 astronauts back to Earth in first medical evacuation

   An astronaut in need of doctors’ care departed the International Space Station with three crewmates on Wednesday in Nasa’s first medical evacuation. The four returning astronauts – from the US, Russia and Japan – are aiming for an early Thursday morning splashdown in the Pacific near San Diego with SpaceX. The decision cuts short their mission by over a month. “Our timing of this departure is...

6. Hong Kong, China stocks to outpace US equities all year after quick start, analysts say

   Hong Kong and mainland Chinese stocks outpaced their US peers for the first two weeks of 2026 and should continue to do so for the rest of the year on the back of relatively cheaper valuations, a firmer yuan and policy tailwinds, as geopolitics drives more global investors to look to China as a hedge against rising risks in US assets, according to analysts. The CSI 300 Index has gained 2.4 per...

7. Trump praises ‘terrific’ new Venezuela leader after call

   US President Donald Trump said on Wednesday he had held a “long call” with Venezuela’s interim president Delcy Rodriguez, the first known contact between the two leaders since the ousting of Nicolas Maduro. “We just had a great conversation today, and she’s a terrific person,” Trump told reporters in the Oval Office. He later said on social media that he and Rodriguez had discussed “many...

8. OpenAI expects another ‘seismic shock’ from China amid speculation of new DeepSeek release

   The race between the US and China to dominate the world’s artificial intelligence industry has become “complex and challenging to forecast”, according to ChatGPT creator OpenAI. In a blog post this week, published ahead of the first anniversary of DeepSeek’s release of breakthrough reasoning model R1 on January 20, OpenAI said another “seismic shock” from China could be on the cards, as...

9. White House says Biden decision to scrap China Initiative flawed

   The White House’s top science adviser on Wednesday said that the Biden administration’s decision to get rid of the Justice Department’s China Initiative was “damaging”, though stopped short of recommending that it should be fully brought back. Asked by Florida Republican Daniel Webster whether the termination of the programme aimed at combating alleged economic espionage from Beijing was...

10. Trump administration faces backlash over Nvidia H200 AI chip sales to China

    Witnesses and lawmakers at a foreign affairs hearing blasted the Trump administration’s approval for the sale of Nvidia’s H200 AI chips to China and called for it to reverse the decision, as the White House’s top technology adviser defended the move in the administration’s first public testimony discussing the latest export control measures. Allowing China to buy Nvidia’s second most powerful AI...