The US Federal Communications Commission (FCC) is proposing a ban on Chinese telecommunications companies obtaining American telephone numbers, citing national security concerns and the need to protect domestic networks.
The proposed rules could prevent China Mobile, China Telecom and China Unicom and other service providers from obtaining numbers through internet-based voice services, the commission said on Thursday.
The regulator is scheduled to vote on the proposal at its November 19 meeting....
China’s top 10 provincial economies by gross domestic product had a major part in propping up national growth for the first three quarters of 2026, analysts say, putting the regions in a crucial role to help the country meet the economic targets reaffirmed by political leaders at the just-concluded fifth plenum.
The top 10 provinces were likely to continue their lead for the rest of the year and going into 2027, analysts said, giving Beijing economic confidence and offsetting sluggish...
Though Serbia’s incoming Student List government called for the resignation of several senior officials and an audit of public projects, some of them built by Chinese contractors, analysts and insiders said it was unlikely the new coalition’s victory would lead to a sea change in the business relationship between the two countries.
The message at Thursday’s Student List news conference – the first since the electoral coalition defeated former president Aleksandar Vucic’s Serbian Progressive...
SCMP - 2026-10-30 08:00:08 - Morning Studio editors
The Asia-Pacific region stands out as the world’s most dynamic market for asset and wealth management, according to insights from PwC Australia, with assets under management (AUM) expected to hit the US$34.5 trillion mark by the end of the decade; in 2024 the figure stood at US$23.3 trillion.
The profile of affluent individuals and families across Asia is also changing, with the Boston Consulting Group’s “The Asia Generational Wealth Report 2025: Succession in a New Era” highlighting that...
This week, China’s stock market slipped into a bear market, prompting the state-backed “national team” to pour about 170 billion yuan (US$25.52 billion) into exchange-traded funds (ETFs); Standard Chartered beat forecasts with a 46 per cent jump in third-quarter net profit; and the US Federal Reserve held rates steady, which also left Hong Kong’s base rate unchanged.
Meanwhile, an offshore yuan bond structure known as Yulan made its debut in Dubai, and residential rents in Hong Kong extended a...
What might an anthropologist make of artificial intelligence if he approached it as an unfamiliar tribe?
That question framed an SCMP Plus fireside chat with Professor Alan Macfarlane at The Center in Central, Hong Kong, on October 26. Speaking with SCMP senior AI technology reporter Vincent Chow, Macfarlane explored how AI changes knowledge creation and sharing, and what distinguishes its capabilities from human experience.
An emeritus professor of anthropological science at the University of...
Liquidators of China Evergrande Group have agreed to sell a controlling stake in its property management arm to investment firm PAG for HK$4.03 billion (US$513.6 million), as they seek to recover assets for creditors owed US$46 billion.
The sale of a 51.016 per cent stake in Evergrande Property Services could give the profitable business a new controlling shareholder after its parent used billions of yuan of its bank deposits as collateral for loans, leaving the company struggling to recover the...
Hong Kong banks are facing a growing backlog of repossessed homes as aggressive pricing by developers draws buyers towards new projects, leaving fewer buyers for second-hand properties being sold by mortgagees.
The number of residential properties listed for sale by mortgagees rose 30 per cent in the third quarter to sit at 262 at the end of September, a four-quarter high, according to Centaline Property.
The increase of 61 properties was the largest since records began in the fourth quarter of...
China’s makers of energy storage systems, including Contemporary Amperex Technology (CATL) and Gotion High-Tech, stand to benefit as conflict in the Middle East keeps fossil fuel prices elevated, raising demand for their products in green energy projects, according to analysts.
The tailwinds are expected to outweigh a slowdown in the local market, where weaker-than-expected demand has dragged stock prices in the lithium-ion battery supply chain down by more than 46 per cent over the past six...
Investors are gearing up for a high-stakes financial summit in Hong Kong next week, an event that has historically coincided with gains in the city’s stock market while underscoring its standing as a global financial hub.
The annual Global Financial Leaders’ Investment Summit enters its fifth year on Monday with a welcome dinner, followed by two days of panel discussions with senior executives. Major economic trends, shifts in financial markets and the impact of technological advances on...
China’s newly opened Pinglu Canal handled more than 1 million tonnes (1.1 million short tons) of cargo in its first month of operation, giving the country’s southwestern hinterland more direct access to international markets, particularly in Southeast Asia.
The milestone was reached on October 17, when a laden cargo vessel passed through a key lock on the canal in southern China’s Guangxi Zhuang autonomous region, heading towards Qinzhou Port on the Gulf of Tonkin, known in China as the Beibu...
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With its upcoming flagship exhibition DesignInspire 2026, the Hong Kong Trade Development Council (HKTDC) will offer trade professionals to design enthusiasts and members of the public the opportunity to view and experience the design ideas and influences shaping our living environment.
Co-organised by the Hong Kong Design Centre and with the Cultural and Creative Industries Development Agency (CCIDA) as lead sponsor,...
The artificial intelligence boom in the United States is set to raise corporate valuations even higher as Anthropic prepares for a public listing, reinforcing the dominance of American companies among the world’s most valuable firms and widening the gap with Chinese firms.
Anthropic, valued at US$965 billion in its most recent funding round, is targeting an IPO valuation of US$1.5 trillion to US$2 trillion.
Achieving that target would easily secure it a spot among the world’s 20 largest publicly...
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The first DBS Hong Kong Visa Infinite Priviledge Card has finally arrived. The “DBS Vantage Card" marks a new chapter in affluent banking as we see a stronger connection has been built through wealth, travel and lifestyle in the recent years. This card brings together premium payment privileges; cross-border convenience and curated lifestyle experiences in a single tap.
According to Emily Ip, Head of Cards and Unsecured...
China’s two largest carmakers, BYD and Geely Auto, reported a jump in their third-quarter earnings, propelled by surging overseas sales as they intensified pressure on established international marques in Europe and Southeast Asia.
BYD, mainland China’s largest automotive group, posted a net profit of 10 billion yuan (US$1.5 billion) in the three months ending September, up 28 per cent from the same period a year earlier. Revenue grew 13.6 per cent to 211.5 billion yuan.
Geely said on Thursday...