Chinese central bank to employ 3-part AI strategy, says governor
Soft skills and deep domain knowledge will decide how far young workers go in the age of artificial intelligence, Hong Kong’s labour chief has said, predicting that demand for AI practitioners with both technical capability and professional expertise will grow three- to fourfold. Rejecting fears that automation will replace the human workforce, Secretary for Labour and Welfare Chris Sun Yuk-han dismissed the claim as a “zero-sum game”, stressing that the future lay in close collaboration between...
Hong Kong authorities are searching for an elderly man who went missing in a remote rural area of Tai Po three days ago. Tung Chung-yin, 80, was last seen at Wu Kau Tang in Plover Cove Country Park on Sunday. His family reported him missing to police on Tuesday. A search was launched on Tuesday night and continued on Wednesday. Police have appealed to the public for information on his whereabouts. Tung, who has short grey hair, is about 1.7 metres tall (5 feet, 7 inches), weighs about 75kg and...
About 70 per cent of subdivided flats in Hong Kong have been registered for a grace period under a new law aimed at eradicating substandard homes, with most submissions coming from landlords in Kowloon’s Yau Tsim Mong district, according to the Housing Bureau. The bureau told the Legislative Council on Wednesday that 75,070 subdivided homes across about 21,000 whole flats had been registered for the three-year grace period since applications opened in March under the new Basic Housing Units...
Former Chinese vice-premier Liu Yandong died of illness on Wednesday at the age of 80. She was one of China’s most prominent female leaders, playing a pivotal role in the country’s united front work and education sector. Xinhua, which announced her death on Wednesday afternoon, described Liu as an “outstanding leader in the [Communist] Party’s united front work, in China’s education, science and technology, healthcare, and women and children’s affairs”. Liu was vice-premier from 2013 to 2018....
China said it would seek India’s help to “maintain peace and stability in the border areas” after new stand-offs in a long-disputed region threatened to undermine improved relations. “We hope that India will work with China in the same direction by jointly implementing the common understandings between the two sides,” Chinese foreign ministry spokesman Guo Jiakun said at a daily media briefing on Monday. China “strictly abides by the relevant agreements”, he said. Guo also said that China...
Hong Kong’s third medical school has dismissed allegations of talent poaching after recruiting a veteran haematologist with nearly three decades of service at the University of Hong Kong (HKU). Professor Anskar Leung Yu-hung met the press at Hong Kong University of Science and Technology (HKUST) on Wednesday in his capacity as the senior associate dean of medicine at the new school, which is expected to open in the 2028-29 academic year. “The opportunity to be part of a team to [build] a new...
Hong Kong’s exports jumped by 64.9 per cent year on year in September, the highest growth in more than 40 years, with artificial intelligence-related (AI) products further fuelling the momentum of recent months. Provisional figures released by the Census and Statistics Department on Wednesday showed the total value of exports rose to HK$762.6 billion (US$97.8 billion) last month, after a 53 per cent surge in August. A government spokesman said September marked the 20th consecutive month of...
Private jets, fine jewellery, watches, superyachts and luxury property will feature in a new Hong Kong exhibition offering business opportunities to “brands, yacht owners and connoisseurs”, according to the organiser. The inaugural Festival of Connoisseurs, set to take place between November 4 and 6, is the first event of its kind to secure government funding for large-scale international exhibitions, organiser Informa Markets said on Wednesday. Ryan Hui, the festival’s deputy event director,...
One word will hang over the Hong Kong community in the run-up to next month’s anniversary of the dreadful Tai Po fire that took 168 of our fellow citizens’ lives: accountability. By the time we mark the occasion, we will know if we still have a system based on ministers taking political responsibility for failures in their policy areas or whether we must revise our constitutional arrangements. The fire at Wang Fuk Court, which broke out on November 26 last year, traumatised the whole population...
Massive crowds, fireworks and dancing have filled the streets across Belgrade since Serbia’s nationalist strongman Aleksandar Vucic conceded defeat in Sunday’s parliamentary election after 14 years in power. The political shift could cool diplomatic ties between Beijing and Belgrade and invite sharper scrutiny of Chinese investments in Serbia, but was unlikely to upend a relationship built on years of cooperation, analysts argued. Vucic conceded the defeat of his right-wing Serbian Progressive...
Hong Kong’s government-owned postal service reported a record operating deficit of HK$905 million (US$115 million) in 2025-26, its ninth straight annual loss. In its annual report published on Wednesday, Hongkong Post said the past year showed its “resilience and adaptability” despite a volatile economic environment and an escalating geopolitical situation. “The emergence of protectionism, tightening customs policies in various places, increasing terminal dues and rising operating costs posed...
A Chinese investigative blogger who exposed telecoms fraud and other illegal activity was killed by criminals hired on social media, according to media reports, prompting calls for heavier punishment for the perpetrators. The body of Wu Kai, who used the name “Huijian” on social media and had written for years about telecoms fraud in Southeast Asia, was discovered in southern China in November 2024. His death and details of the case were revealed this week. In August 2024, Wu accused Liu Ren – a...
