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The Latest Breaking News from South China Morning Post

What to watch as China's Communist Party Congress nears finish

Beijing (AFP) - China's 20th Congress wraps up this weekend with a lot more at stake than simply President Xi Jinping's bid to secure a historic third term as Communist Party chief.

AFP

Alibaba, Nio Fall: Hang Seng Opens Lower Ahead Of Hong Kong Leader John Lee's Policy Speech

Hong Kong stocks opened in the red on Wednesday, with the benchmark Hang Seng opening 0.42% lower ahead of a key speech by the city’s leader John Lee.

Benzinga

Women hit the political glass ceiling at China’s Communist Party Congress

Sun Chunlan, China’s “Iron Lady” and the only woman in the ruling party’s Politburo, is due to step down from her post at the 20th Communist Party Congress this week. There’s no guarantee that another woman will succeed her, providing yet another example of the systemic under-representation of Chinese women…

France 24

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Hong Kongers dash to Japan as country reopens to solo travellers

HONG KONG: Hundreds of Hong Kongers undaunted by expensive air fares and ticket troubles have dashed to Japan on the first day of its reopening to solo travellers, while a budget airline has increased flights to popular destinations in the country.

Bangkok Post

Malaysia rolls out digital nomad visa

Without much fanfare, Malaysia has rolled out a visa programme that may become the first fully fledged digital nomad and remote worker pass to be offered in Southeast Asia.

Bangkok Post

China’s ‘Lipstick King’ Li Jiaqi returns after a mysterious three-month disappearance

After being absent from the public eye for three months following a sudden disappearance, one of China’s most popular influencers is back online. Where have you been, Lipstick King?

Crikey

TikTok Parent Guts a Major Division

ByteDance has decided to tone down its efforts in a key area.

The Street

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Ukraine Lawmaker Questions Kyiv’s Strategic Partnership With Beijing

The lawmaker says Ukraine should reconsider its strategic partnership formed a decade ago with China, a key Russian ally.

The News Lens

Alibaba, XPeng Slip As Hang Seng Breaches Key Support Level: American Firms' China Optimism Hits Record Low

The Hang Seng Index opened 1.5% lower on Tuesday, as investors factored in the possibility of an aggressive rate hike in the U.S. when the Federal Open Market Committee meets in September. Market participants also weighed the results of a survey that showed American firms’ optimism about China hit a record low.

Benzinga

Hong Kong's new Covid rules hard to swallow for patrons, restaurants

HONG KONG: Diners in Hong Kong have complained about inconvenience while some restaurants are expecting losses with the government extending mandatory Covid-19 rapid tests to groups of more than eight patrons at eateries.

Bangkok Post

Flights to Hong Kong increased, but frequency still third of number to rival Singapore

HONG KONG: Major airlines such as Cathay Pacific Airways have scheduled 12% more flights to Hong Kong next month compared with July, but the frequency is still less than a third of rival Singapore.

Bangkok Post

Alibaba Holds It Together, EV Stocks Shine As Wider Hang Seng Falls: Key Events Driving Hong Kong Stocks Today

Hong Kong’s benchmark index Hang Seng today opened in the red, losing 0.23% in Friday morning trade as investors took cues from a mixed session on Wall Street the day before. U.S. indices ended mixed earlier on Thursday despite a fall in the producers’ prices.

Benzinga

Alibaba Slips 1%, Nio, XPeng Rise Over 3%: Hang Seng Opens Firmer After Mixed Wall Street Session

Hong Kong’s benchmark Hang Seng Index opened in the green on Friday, gaining 0.3% in morning trade, even as Wall Street ended on a mixed note overnight ahead of the release of a U.S. jobs report.

Benzinga

Russia-Ukraine war: Kyiv calls Amnesty report that says Ukrainian forces are putting civilians at risk a ‘perversion’ – as it happened

Kyiv hits back after charity says Russia’s attacks ‘unjustifiable’ but Ukraine’s tactics are endangering civilians. This live blog is closed

The Guardian - UK

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France 24

Turkey says three grain ships to leave Ukraine on Friday

Plans are in place for three more grain ships to leave Ukraine on Friday, Turkey said, following the departure of the Sierra Leone-registered Razoni on Monday. France has welcomed 100,000 Ukrainian refugees since Russia’s invasion of Ukraine began more than five months ago, authorities said Thursday. Read about the day's…

Reuters

Zelenskiy seeking 'direct talks' with China's Xi to help end Ukraine war- SCMP

Ukraine is seeking an opportunity to speak "directly" with Chinese leader Xi Jinping to help end its war with Russia, President Volodymyr Zelensky said, the South China Morning Post reported on Thursday.

Benzinga

Alibaba, JD Surge Over 3% As Earnings Come Into Focus: Hong Kong Traders Shrug Off Pelosi-Linked Taiwan Tensions

Shares of Alibaba and JD.com rose over 3% in Wednesday morning opening trade, with Hong Kong’s benchmark Hang Seng Index also beginning on a positive note, gaining 0.91%. Alibaba is set to release its June-quarter earnings on Thursday.

Benzinga

Alibaba, JD, Nio Fall In Hong Kong As Nancy Pelosi's Taiwan Plan Keeps Markets On Edge

Hong Kong’s benchmark Hang Seng Index opened in the red, losing over 2.5% in opening trade, following the trend in broader Asian markets after reports emerged that U.S. House Speaker Nancy Pelosi was to arrive in Taiwan on Tuesday. China has issued a strongly worded statement saying it will take…

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Benzinga

Alibaba Slumps 4% After Reports Of Jack Ma's Plan For Ant: Hang Seng Falls Despite Wall Street Rally Amid Xi-Biden Phone Call

Hong Kong’s benchmark Hang Seng Index was in the red on Friday, losing over 0.5% in opening trade, despite a continuing rally on Wall Street. Alibaba shares fell close to 4% following reports Chinese billionaire Jack Ma is planning to cede control of Ant Group.

Bangkok Post

Hong Kong to launch tech fund to attract local firms, foreign start-ups

HONG KONG: Hong Kong will launch a fund worth HK$5 billion (23 billion baht) next month to support local tech companies and attract foreign start-ups, the city's finance chief has said.

Benzinga

Alibaba, Nio Fall Over 3% As Hang Seng Tracks Weaker Wall Street Close: All Eyes Now On Aussie Inflation Data

Shares of Alibaba, Nio and Li Auto lost more than 3% on Wednesday morning with the Hong Kong’s benchmark index Hang Seng falling over 1%, ahead of the release of Australia’s inflation report.

Benzinga

Alibaba Surges 3.6% On Primary Hong Kong Listing Plan, Hang Seng Sees Trend-Reversal

Hong Kong’s benchmark Hang Seng Index opened in the green on Tuesday, flipping the trend from Monday, as better-than-expected economic growth data from South Korea offset mixed cues from Wall Street ov

France 24

Intimidation, crackdowns blow the lid off Chinese rural banking scandal

A massive scandal worth tens of billions of yuan is rocking the critical rural banking sector in China. Authorities blame a "criminal gang" for illegally siphoning off depositors’ money and preventing more than a hundred thousand Chinese from accessing their accounts for months.

Bangkok Post

Overseas flights in high demand as Shanghai resumes international travel

HONG KONG: Students and expatriates in China are rushing to fly abroad after Shanghai's largest airport opened to a handful of international flights this week, as the city gradually recovers from a two-month lockdown and the country eases inbound quarantine rules.

The Guardian - UK

Xi Jinping hails China’s rule over Hong Kong on 25th anniversary of handover

Chinese president says ‘one country, two systems’ will endure and democracy flourishes after unprecedented unpicking of freedoms

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