Hong Kong touts key advantages over London in bid to become global gold hub

South China Morning Post - Oct 17, 2026

Distinctive features will set Hong Kong apart from London, a major bullion hub, as the city accelerates efforts to develop an international gold and precious metals trading ecosystem covering the entire value chain, a minister has told the South China Morning Post. In an exclusive interview on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city would officially launch a central gold clearing platform in the first quarter of next year. It would...

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N. Korea tests new precision-guided torpedo using AI: KCNA

N. Korea tests new precision-guided torpedo using AI: KCNA

North Korea said Saturday it has conducted an underwater test of a new high-speed precision-guided torpedo weapon system that uses artificial intelligence (AI) technology, noting that the test heralds a "significant" change in the North's naval capabilities. North Korea test-fired the Zam-2.0 super-speed precision-guided torpedo weapon system Thursday to confirm the successful technical upgrade of the weapon, according to the Korean Central News Agency (KCNA). It did not disclose further details of the weapon. Key national defense officials who oversaw the weapon test assessed that it "served as a great success foreseeing a significant change in the actual development of the Navy," the KCNA said. North Korea said AI technology was applied to the target detection and the guidance function of the torpedo. "The test proved the core technology for raising the efficiency of propulsion and the performance of rocket propulsion devices," the KCNA said, adding more than 180 rounds of related tests have been conducted over the past five years. Experts said the newly disclosed weapon system could be

Actress Oh Yoon-ah shares details of newlywed life

Actress Oh Yoon-ah shares details of newlywed life

Actress Oh Yoon-ah has offered a glimpse into her newlywed life, revealing that she cooks more often since remarrying and has even adjusted her recipes to suit her husband’s tastes. In a video uploaded to the actress' YouTube channel on Friday, Oh was seen preparing a home-cooked meal while sharing her personal cooking tips and demonstrating her skills in the kitchen. When asked whether she had been cooking more frequently since getting married, Oh answered without hesitation, “Of course,” surprising those around her. “My husband always eats at home,” she explained. “When I cook, we end up not buying meals outside. What I make tastes the best.” Her remarks drew attention to how she has been spending more time preparing meals for her husband since remarrying. Oh also revealed how her cooking methods have changed to accommodate his preferences while preparing beef radish soup. As she seasoned the beef with salt, she explained, “I used to make broth separately for this, but my husband really likes vegetable stock. The vegetable-flavored stock cubes are pretty good, too, so I u

Korea expresses regret over Japan PM's offering to controversial war shrine

Korea expresses regret over Japan PM's offering to controversial war shrine

The Korean government expressed regret Saturday after Japanese Prime Minister Sanae Takaichi sent a ritual offering to a war shrine seen as a symbol of Japan's imperialistic past. Takaichi sent the offering earlier Saturday in her capacity as prime minister to mark the start of the Yasukuni Shrine's three-day autumn festival. But she plans to refrain from visiting the shrine in person during the festival, Japan's Kyodo News reported, citing sources close to the prime minister. The Yasukuni Shrine honors some 2.46 million Japanese war dead, including 14 Class A criminals convicted by international tribunals for their roles in World War II. In a statement, Seoul's foreign ministry said it "once again expresses deep disappointment and regret" that responsible Japanese leaders have "repeatedly sent offerings to or visited Yasukuni Shrine, which glorifies Japan's past war of aggression and enshrines war criminals." It urged Japan's leaders to "face history squarely and demonstrate humble reflection on and sincere remorse for the past through action." "We once again stress that such steps are a

Landmark China trial gets 84% efficacy in treating cancer with cue from waste water tech

Landmark China trial gets 84% efficacy in treating cancer with cue from waste water tech

For patients with advanced, metastatic cancer that has progressed despite systemic therapy – options remain critically limited. Now, Chinese scientists are pointing to an unconventional therapeutic agent – the element iron. This idea originated in industrial waste water treatment: iron can react with hydrogen peroxide to generate hydroxyl radicals, which degrade various organic and toxic molecules in waste water. Chinese scientists wanted to treat malignant tumours the way they treat waste water...

Police receive over 100 reports about credit card charges for iPhone Duo pre-orders

Police receive over 100 reports about credit card charges for iPhone Duo pre-orders

Hong Kong police have received more than 100 reports of unauthorised credit card transactions related to pre-orders of Apple’s latest iPhone model, the South China Morning Post has learned. Apple began its online pre-orders for its foldable iPhone Duo on Friday at 8pm, and complaints about suspicious transactions began to appear on social media overnight. Some credit card users claimed duplicate or unauthorised purchases of the new model. A source said the transactions involved a few million...

Abby Choi’s partner tells murder trial she hid ex-in-laws’ financial reliance on her

Abby Choi’s partner tells murder trial she hid ex-in-laws’ financial reliance on her

Slain Hong Kong socialite Abby Choi Tin-fung’s partner told a court this week she initially misled him about her former in-laws’ wealth before describing them as horrible and ungrateful after a bitter family dispute. Chris Tam Fong-chun’s testimony also shed light on his complex relationship with Choi and his former classmate Alex Kwong Kong-chi. The three remained connected through their four children, as Choi had two with each man. During the third week of the murder trial, Tam told the High...

Hong Kong’s new Huanggang Port quiet ahead of expected holiday rush

Hong Kong’s new Huanggang Port quiet ahead of expected holiday rush

Hong Kong’s newly revamped Huanggang Port is expected to handle more than 100,000 passenger trips a day over the three-day Chung Yeung Festival holiday, although the departure hall was quiet on Saturday morning. Secretary for Security Chris Tang Ping-keung said the port had operated smoothly since opening on Monday, handling about 80,000 passenger trips a day, with the figure exceeding 92,000 on Friday. That represented a 1.5-fold to an almost twofold increase from the 30,000 to 40,000 trips...

The butterfly effect: one man’s mission to help nature and communities coexist

The butterfly effect: one man’s mission to help nature and communities coexist

Hong Kong’s next phase of development should make room for both butterflies and buildings, conservationist Dr Yau Wing-kwong has said, arguing that biodiversity can be incorporated into parks, schools and neighbourhoods without holding back the city’s growth. Yau, founder of Environmental Association Limited, has spent nearly three decades promoting community-based conservation. He is a finalist for the Spirit of Community Award in this year’s Spirit of Hong Kong Awards, co-organised by Sino...

Chinese kindergarten owner given life sentence over lead paint poisoning scandal

Chinese kindergarten owner given life sentence over lead paint poisoning scandal

The owner of a Chinese kindergarten has been jailed for life after more than 200 children were poisoned by lead in the country’s worst food safety scandal for almost two decades. A total of six people were jailed on Friday for making or selling harmful foodstuffs by Lanzhou Intermediate People’s Court in Gansu province. Li Huifang, owner of the Peixin Kindergarten in Tianshui, was handed a life sentence and fined 500,000 yuan (US$75,000), while Zhu Jinglin, the principal, was jailed for 15 years...

Chinese FM meets Israeli president

Chinese FM meets Israeli president

Chinese Foreign Minister Wang Yi met with Israeli President Isaac Herzog at the latter's request on the sidelines of the Seventh Summit of the Conference on Interaction and Confidence Building Measures in Asia on Thursday.

Croatian president meets Chinese FM, pledges to strengthen cooperation

Croatian president meets Chinese FM, pledges to strengthen cooperation

Croatian President Zoran Milanovic met with visiting Chinese Foreign Minister Wang Yi in Zagreb on Friday, expressing Croatia's willingness to strengthen exchanges at all levels and advance mutually beneficial cooperation with China.

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