Hong Kong — The ongoing downturn in Hong Kong’s property market is compelling property owners to offer steep discounts on assets, with The Connaught hotel in Sai Ying Pun becoming one of the most prominent examples. The 29-storey, 52-room hotel, which lies adjacent to Central’s core business district, is now being offered at HK$600 million...
In a bold response to US sanctions, lawmakers in China’s Xinjiang region have vowed to intensify support for local enterprises targeted by accusations of forced labor. This move underscores Beijing’s unwavering stance against what it sees as unfounded claims and economic coercion. Xinjiang, China — The regional legislature of Xinjiang is stepping up to protect...
The U.K. premiere of the Shenzhen dance drama “Wing Chun” at the Sadler’s Wells Theatre in London has garnered widespread acclaim. This performance is a striking fusion of Chinese martial arts and contemporary dance, captivating British audiences with its rich cultural narrative and artistic innovation. The show, which blends the traditional martial art of Wing...
At the entrance of the World Robot Conference 2024 in Beijing, a young boy confidently pointed at a humanoid robot, identifying it as human due to its “false eyelashes.” This playful interaction highlights the remarkable advancements showcased at the event, where robots closely mimic human features, blurring the line between man and machine. The humanoid...
Following its successful international debut in Singapore last year, the Shenzhen dance drama “Wing Chun” is gearing up for its second overseas tour, this time in the United Kingdom. The production will grace the stage of London’s renowned Sadler’s Wells Theatre for a series of 12 performances from Friday until September 7. This critically acclaimed...
Foreign Investor Influence Reduced in China’s Stock Market China’s stock exchanges have ceased providing real-time data on foreign investor inflows into onshore equities as of Monday. This move aims to reduce the perceived foreign investor influence on the domestic market. The decision by the Shanghai and Shenzhen exchanges eliminates a key tool used by local...
Since opening in 2020, Liantang checkpoint has processed 30.37 million travelers and 2.31 million vehicles. Initially launched for cargo truck clearance, services at the checkpoint were expanded to passenger and small vehicles in 2023. It has become a vital gateway in the Guangdong-Hong Kong-Macao Greater Bay Area. Border control officers conduct inspections at the Liantang...
Alibaba Dual-Primary Listing Boosts Investor Access Introduction to Alibaba’s Dual-Primary Listing Alibaba Group Holding will switch its listing status in Hong Kong to a dual-primary listing. This strategic move allows mainland China’s 220 million stock investors to invest in the tech giant’s shares. Starting August 28, 2024, Alibaba’s shares will be available through the Stock...
Financial Incentives for Top Enterprises The Qianhai Authority has unveiled a new plan to promote Qianhai headquarters development and the high-quality growth of enterprises within the Qianhai cooperation zone. Under this plan, companies newly listed among the top 500 Chinese enterprises will receive a subsidy of 2 million yuan (approximately $280,800). For those entering the top 500...
China’s Commitment to Property Market Stabilization In response to a recent report criticizing the slow progress in stabilizing China’s property market, housing officials have renewed their focus on fully finished homes. This approach aims to protect homebuyers and rebuild confidence in a struggling sector. At a State Council press conference on Friday, Deputy Housing Minister...