High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Low interest rates and an influx of capital have buoyed sentiment for residential real estate, where prices have fallen 30% since 2021. Yet developers like New World have a record 28,000 units of unsold
In this first of a two-part series, we look at the workings of the law and how ‘soft resistance’ signals a next phase, and more importantly, as the focus shifts squarely to the economy. A year after being arrested under Hong Kong’s domestic security law, former district councillor and theatre personality Katrina Chan Kim-kam has
A Hong Kong student who starred in a popular web documentary about secondary school public exams has been placed on probation after a court agreed to give him “one last chance” following his second shoplifting offence in a year. Eastern Court accepted a probation officer’s recommendation and handed Tang Ngai-hong a 12-month probation order on
If there is any consistent theme at all in international relations and global affairs throughout these past years, it is that we are now living in a multipolar world. With the end of the Cold War, the world entered a period of Western dominance that is now giving way to a more complex and fragmented
A new report by CyberArk reveals that 92% of Hong Kong organisations overlook machine identities despite the rise of AI and cloud technologies. According to the 2025 Identity Security Landscape, machine identities now outnumber human ones 82 to 1, yet most organisations only define “privileged users” as humans, despite half of machine identities having sensitive
The Hong Kong Monetary Authority (HKMA) has stepped into the financial market for the first time since 2023 to support the weak local dollar, in an effort to thwart currency arbitrageurs who engage in so-called carry trades. The city’s de facto central bank sold US$1.2 billion worth of US dollars to buy Hong Kong currency
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong’s forecaster is considering cancelling the No 1 typhoon signal between 2pm and 5pm on Thursday as severe weather threats gradually
26th June 2025 – (Hong Kong) The Hong Kong Monetary Authority (HKMA), acting as the de facto central bank, undertook measures on Thursday to bolster the local dollar, aiming to uphold the city’s currency peg to the U.S. dollar. In response to the local currency touching the weaker end of the 7.75-7.85 per greenback trading
