Read the latest news from regional and global sources, presenting different voices and perspectives.
China gives Hong Kong new yuan transfer cap as payment link starts
South China Morning Post
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June 20, 2025
China’s financial authorities have granted Hong Kong residents a new daily remittance quota for the yuan, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting...
Hong Kong teachers allegedly told to avoid US Independence Day events
The Guardian
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June 20, 2025
Teachers in Hong Kong have been warned to keep themselves and students away from any US Independence Day celebrations as they may breach national security laws, educators have alleged. A text message purportedly sent by the principal of a Hong...
Hong Kong – Scheme for Smart and Green Mass Transit System in East Kowloon gazetted
Web NewsWire
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June 20, 2025
Scheme for Smart and Green Mass Transit System in East Kowloon gazetted *********************************************************************** The Government published in the Gazette today (June 20) the scheme for the Smart and Green Mass Transit...
Hong Kong's Stablecoin Moment Eclipses Dollar Peg Debate
MENAFN
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June 20, 2025
Latest stories China's J-35A courting buyers barred from US F-35s Awaiting clarity on tariffs' effects, Fed holding steady on rate Under the mountain: what Israel needs and Trump must decide The idea is that once there are global payments systems...
Hong Kong MPF Surged 3.8% On Average In May 2025
myMotherLode - California
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Image Source: Pexels Hong Kong’s stock market soared 5.3% in May and posted a positive return of 16.1% for the year-to-date period (as of 2025/05/31). China Shanghai Composite Index rose 2.1% in May and posted a negative return of 0.1% for the...
Hong Kong’s stablecoin moment eclipses dollar peg debate
Asia Times
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June 20, 2025
As global markets obsess over Hong Kong’s 42-year-old currency peg to the US dollar, Financial Secretary Paul Chan seems more intrigued by the next four decades for the city’s economy. The currency speculators testing the Hong Kong monetary...
Macau Hong Kong advise residents to leave Israel and Iran
Macau Business
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June 20, 2025
The governments of Hong Kong and Macau have advised residents of the two SARs to leave Israel and Iran, following a week-long escalation of attacks between the two countries. In a statement issued on Thursday night, a spokesperson for the Hong...
Xia Baolong holds closed-door talks with Hong Kong business leaders during visit
South China Morning Post
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June 20, 2025
Beijing’s top official overseeing Hong Kong affairs held a three-hour closed-door face-to-face discussion with local tycoons and business leaders during the third day of his inspection trip to the city on Friday. Xia Baolong, director of the Hong...
Unisound Launches Modest IPO In Crowded Hong Kong Market
Benzinga
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The AI services provider is aiming to raise a relatively modest $40 million, or just over 2% of its share capital, as it rapidly burns through its cash Key Takeaways: Unisound aims to raise about $40 million through a Hong Kong IPO, with its...
The history of Chinese miso and why a Hong Kong version is so special
South China Morning Post
·
June 20, 2025
When it comes to miso, the first thing that comes to mind may be the fermented bean paste used in the well-known Japanese miso soup. The Chinese, however, have also long fermented soybeans, creating a similar ingredient known as fermented bean...
Mainland China, Hong Kong launching Payment Connect scheme to aid capital flows
South China Morning Post
·
June 20, 2025
China’s central bank is launching a new connect programme with Hong Kong to facilitate cross-border payments – Beijing’s latest move to open up its financial sector and also leverage the southern financial centre to better connect with the rest of...
Morgan Stanley says Hong Kong’s housing sector is bottoming out
The Business Times Singapore
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June 20, 2025
Home prices driven by an influx of mainland Chinese buyers, improved capital markets and a recent plunge in interest ratesPublished Fri, Jun 20, 2025 · 02:20 PM [HONG KONG] Hong Kong’s residential property market is poised for a recovery after...
Chinese exports of rare-earth magnets plummet in May
The Straits Times
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June 20, 2025
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province.PHOTO: REUTERS BEIJING - Chinese exports of rare-earth magnets continued their downward slide in May, official data showed on June 20,...
China’s rare-earth magnet exports plunge 70pc in May amid trade tensions, lowest level since 2015
Malay Mail
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June 20, 2025
BEIJING, June 20 — Chinese exports of rare-earth magnets continued their downward slide in May, official data showed on Friday, reflecting restrictions imposed by Beijing during its trade war with the United States. China is the world’s leading...
China Mobile And ZTE Win The Asia Mobile Award 2025 With AI-Driven 5G Cloudified Core Network
MENAFN
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June 20, 2025
(MENAFN- PR Newswire) China Mobile and ZTE have developed the innovative AI-driven green and energy-saving 5G cloudified core network project to reduce the energy consumption and improve the network performance and operation efficiency The...
Hong Kong police arrest 8 after fake concert tickets sold for B2.7m
Bangkok Post
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June 20, 2025
Hong Kong police have arrested eight suspects aged as young as 20 in a crackdown on a cross-border syndicate that allegedly sold fake concert tickets for a total of HK$650,000 (2.7 million baht), with the South China Morning Post learning that...
China’s warning on blind-box toys sends Pop Mart shares tumbling
The Business Times Singapore
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June 20, 2025
Published Fri, Jun 20, 2025 · 12:11 PM POP Mart International Group shares slid in Hong Kong after a Chinese state media commentary called for stricter regulation of businesses offering “blind cards” and “mystery boxes”. Shares of the...
China’s yuan rises on stronger fixing, weaker dollar outlook
Business Recorder
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June 20, 2025
HONG KONG: China’s yuan firmed against the US dollar on Friday as the central bank set the daily fixing stronger and as expectations of dollar weakness supported the currency. Prior to the market opening, the People’s Bank of China set the...
Labubu maker Pop Mart's stock slides after China's warning
Yahoo Finance
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(Bloomberg) — Pop Mart International Group Ltd. shares dropped in Hong Kong after a Chinese state media commentary called for stricter regulation of blind-box toys and trading cards, stoking concern over the company’s wildly popular Labubu dolls...
Hong Kong developer sells HK$538 million luxury mansion at a loss
The Business Times Singapore
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June 20, 2025
Published Fri, Jun 20, 2025 · 11:41 AM HONG Kong developer Chuang’s Consortium International is selling a luxury mansion in the upscale Deep Water Bay area at an almost 20 per cent discount, as it seeks cash in a fragile property market. The house...