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Hong Kong’s TVB logs US$7.5 million profit, shaking...

News - South China Morning Post ·

2026/03/25

Hong Kong’s biggest free-to-air broadcaster swung to a profit of HK$59 million (US$7.5 million) in 2025 from a loss of HK$491 million a year earlier, as threefold growth in revenue from the Greater Bay Area helped shake off a streak of annual losses that began in 2018. Television Broadcasts (TVB) said in a stock exchange filing on Wednesday that 2025 revenue fell 2 per cent from a year earlier to HK$3.19 billion, while it trimmed total costs, excluding depreciation and amortisation, by 4.9

China says Mexico’s tariff hikes constitute ‘trade...

News - South China Morning Post ·

2026/03/25

China has accused Mexico of imposing trade and investment barriers through tariff hikes on its goods, a sign the friction between the two trading partners – fuelled by escalating pressure from Washington under US President Donald Trump – is continuing to build. The Ministry of Commerce announced on Wednesday that the Mexican government’s measures to raise tariffs on imports from countries not party to its free trade agreements constitute a breach of trade rules. The move primarily affects...

New 200-berth marina, clubhouse planned in Hong Kong...

News - South China Morning Post ·

2026/03/25

A section of Hong Kong Island’s southwest coast at Aberdeen will be revamped into a new marina with 200 berths, a clubhouse and about 250 private flats by 2032 as part of government efforts to boost yacht tourism. The Development Bureau said on Wednesday that it aimed to launch a tender in the first half of next year – the first for a marina in nearly 40 years. It also noted there was strong market interest in the project. To clear the 1.16-hectare (2.8-acre) seaside site near Po Chong Wan,

Pinduoduo operator’s profit slides as Chinese firm...

News - South China Morning Post ·

2026/03/25

PDD Holdings, the Chinese e-commerce group behind Pinduoduo and global budget marketplace Temu, on Wednesday reported an 11 per cent drop in quarterly profit amid higher sales as the company continued a pivot towards greater reinvestment. Net profit for the quarter fell to 24.5 billion yuan (US$3.6 billion), missing a consensus analyst estimate of 29.1 billion yuan. Meanwhile, revenue rose 12 per cent from a year earlier to 123.9 billion yuan, aligning with a consensus analyst estimate of

Zhang Dongmei named new deputy director of office...

News - South China Morning Post ·

2026/03/25

Beijing has selected Zhang Dongmei, a former vice-president of the All-China Women’s Federation, as a new deputy director of the top office overseeing Hong Kong affairs, making her the first woman to take on the role since the body’s status was elevated in 2023. Zhang’s appointment as the new deputy head of the Hong Kong and Macau Affairs Office (HKMAO) fills the vacancy left by the departure of Xiang Bin, a Communist Party of China group member of the office, earlier this year. The State...

China names AI tokens after the yuan. Should the US...

News - South China Morning Post ·

2026/03/25

China has officially designated ciyuan as the translation for “token” – the computational units that power tools such as Claude, ChatGPT and Gemini – in a move widely seen as devising a new form of global currency for the age of artificial intelligence. In Chinese, ci translates to “word”, while yuan is commonly used as a synonym for “currency”. For instance, the basic unit of the Chinese renminbi is the yuan, and most foreign currencies are referred to as yuan in Chinese, prefixed by their...

Former defence exec Tan Ruisong given death sentence...

News - South China Morning Post ·

2026/03/25

Tan Ruisong, the former boss of China’s top military aviation company, has been given a suspended death sentence for reaping over 613 million yuan (US$89 million) from bribes and insider trading. Tan, 64, was the chairman and Communist Party secretary of state-owned Aviation Industry Corp of China (AVIC) – China’s leading military aircraft maker – from 2018 until his retirement in March 2023. He is one of the most prominent defence sector executives to come under investigation in President Xi...

China Mobile bets on Hong Kong as gateway for global...

News - South China Morning Post ·

2026/03/25

China Mobile has invested nearly HK$10 billion (US$1.28 billion) over five years to help turn Hong Kong into a global computing hub, integrating the city into China’s national network. The world’s largest telecoms operator by subscribers on Wednesday opened a new data centre in northern Hong Kong and said it would step up investment in next-generation submarine cables. The state-owned group aims to bring Hong Kong into China’s national computing network, which has the world’s second-largest...

Data science, AI slip as 53% of Hong Kong’s...

News - South China Morning Post ·

2026/03/25

Hong Kong’s universities have recorded their sharpest declines in three years in global subject rankings, with more than half of the 266 offerings – including data science and artificial intelligence (AI) – slipping down their respective tables, according to a UK-based education analyst. Despite the overall drop, dentistry at the University of Hong Kong (HKU) remained second in the world – the city’s highest-ranked subject – while performing arts at the Hong Kong Academy for Performing Arts...

African producers may have energy edge during Iran...

News - South China Morning Post ·

2026/03/25

The Iran war has cut off a fifth of global oil and LNG supply, handing African producers “a structural advantage” in supplying global markets, although their capacity is hampered by factors beyond the Middle East conflict, according to analysts. “West and North African exports are largely insulated from the conflict, meaning barrels from Nigeria, Angola, Gabon, Algeria and Libya are viewed as lower-risk alternatives,” said Grace Goodrich and Anne-Laure Klein of Energy, Capital & Power, a Cape...

Former Hong Kong exchange executive Ba Shusong...

News - South China Morning Post ·

2026/03/25

The former managing director and chief China economist of bourse operator Hong Kong Exchanges and Clearing (HKEX), Ba Shusong, has not appeared in public recently and could not be contacted, according to two sources familiar with the situation. Ba is important academic who frequently gave speeches at major conferences over the past decade on behalf of HKEX, speaking about Hong Kong’s role as a connector between mainland China and the world. Mainland media outlets reported that Ba was missing,...

CityU professor gets 4½ months in prison for offering...

News - South China Morning Post ·

2026/03/25

A City University (CityU) professor has been sentenced to 4½ months in prison for offering a HK$1,000 (US$128) bribe to a Hong Kong property agent, after a magistrate dismissed the defendant’s claims that the situation arose from “cultural differences”. Du Du, 48, an associate professor at the university’s economics and finance department, was granted bail on Wednesday to appeal against his conviction for offering an advantage to the agent in an attempt to avoid paying HK$16,000 for breaching

Are US and China looking for ‘minimum stability’...

News - South China Morning Post ·

2026/03/25

China and the United States are trying to navigate their differences to ensure that they maintain a basic level of stability in their relationship, an academic conference in Beijing heard last week.At the forum held by Tsinghua University in Beijing on Friday, academics and former officials discussed the need to prevent open confrontation. US President Donald Trump’s planned visit – now postponed for “five or six weeks” as he focuses on his war with Iran – was seen as a key opportunity by

How climate change led to demise of once-thriving...

News - South China Morning Post ·

2026/03/25

If one were to travel to central China, in what is now Hubei province, 4,500 years ago, they might have been fortunate enough to discover a vibrant civilisation characterised by palaces, advanced engineering, and luxuries such as jade. However, in the generations that followed, this culture gradually declined, with its people dispersing across the region. Until now, the reasons behind the collapse of such a thriving civilisation were not well understood. A group of scientists now believe that...

UK police arrest 2 men over Jewish ambulances arson...

News - South China Morning Post ·

2026/03/25

British police said on Wednesday they had arrested two men over a London arson attack on four volunteer ambulances run by a Jewish organisation. The arrests came after police said they were investigating an online claim of responsibility by a little-known Islamist group which has possible links to Iran. The ambulances were set on fire early Monday while they were parked next to a synagogue in an area of London with a large Jewish population. The Metropolitan Police said two men aged 47 and

GSIS exemplifying the benefits of bilingual education

News - South China Morning Post ·

2026/03/25

[The content of this article has been produced by our advertising partner.] The German Swiss International School (GSIS) in Hong Kong has long been recognised for the quality of education and breadth of opportunities it provides. Admitting applicants of all nationalities from kindergarten through to the completion of secondary level, the school offers two streams both of which lead to globally accepted qualifications, while developing bilingual proficiency and familiarity with different...

Amid struggles at home, 80% of Chinese companies in...

News - South China Morning Post ·

2026/03/25

Almost 80 per cent of the Chinese companies operating in the European Union plan to expand their investment there, even though most complain about policy uncertainty, according to a report published on Tuesday by the Chinese Chamber of Commerce to the EU (CCCEU) and the China Economic Information Service. The result stands in sharp contrast to similar reports published by the European Chamber of Commerce in China (EUCCC) – despite companies from both sides complaining about obstacles such as...

China-owned vessel secures rare Strait of Hormuz...

News - South China Morning Post ·

2026/03/25

The second Chinese-owned liquefied petroleum gas (LPG) carrier has transited the Strait of Hormuz since the outbreak of the US-Israeli war with Iran, according to industry sources and vessel-tracking data, amid conflicting claims over access to the vital trade corridor. Tehran has largely blocked the strategic waterway in retaliation for Washington and Tel Aviv’s strikes, causing widespread disruption to global shipping – though Iranian officials have recently promised safe passage for

China calls for US-Iran talks as war upends Gulf...

News - South China Morning Post ·

2026/03/25

China’s top diplomat, Wang Yi, encouraged his Iranian counterpart to pursue negotiations with the United States as conflict in the Middle East threatens to enter a second month. “Talking is better than fighting,” Wang told Abbas Araghchi by phone on Tuesday, according to the Chinese foreign ministry. “All parties should seize every opportunity to begin the peace process as soon as possible.” Confusion surrounds the status of peace talks, as Iran has derided a reported US 15-point ceasefire

Hong Kong’s MTR Corp to upgrade Tung Chung line...

News - South China Morning Post ·

2026/03/25

Hong Kong’s MTR Corporation will carry out overnight signalling upgrade works on Sunday as part of preparations for the partial opening of the Tung Chung line extension later this year. Representatives from the city’s sole rail operator also said on Wednesday that the HK$19.5 billion (US$2.5 billion) project remained unaffected by a counterfeit brick scandal and the full extension was still on track to open in 2029. Upgrades to the existing system will take place in the early hours of Sunday,...

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