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Binance pledges to cover losses after US$6 billion crypto hack

Blockchain data shows that funds started being withdrawn from Binance wallets at about 4.24am Hong Kong time on Friday.

Representations of cryptocurrencies are seen in front of a displayed Binance logo in this illustration taken November 10, 2022. Photo: Reuters

China Economy

Encouraging start as Pinglu Canal moves 1 million tonnes of cargo in first month

Cargo vessels pass through the Madao hub on the Pinglu Canal in south China’s Guangxi Zhuang autonomous region on October 21. Photo: Xinhua

Society

‘Why did it take 11 months?’: apology too late for some Tai Po fire survivors

Residents of Wang Fuk Court return to retrieve personal belongings in April. Photo: Jonathan Wong

Climate and energy

CATL, Gotion to gain as oil prices drive energy-storage demand

Battery systems see strong demand from solar projects in Middle East and Southeast Asia as China’s dominant makers accelerate delivery.

CATL battery energy storage system units in Milton Keynes, England. Photo: Shutterstock

Hong Kong Economy

In Focus | Hong Kong’s wider yuan push: a gateway to the world?

Government has made wider use of the currency a priority, but consumer habits and other obstacles remain.

Illustration: Lau Ka-kuen

US

US bans Chinese labs from testing electronics ahead of Trump-Xi meeting

The FCC measure targets testing facilities with alleged PLA ties, giving US labs until December 2028 to expand capacity.

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Federal Communications Commission Chairman Brendan Carr has spearheaded the agency’s crackdown on Chinese technology companies. Photo: Reuters

Diplomacy

Chinese scholars warned of challenge of ‘translating research into policy’

A conference discussing the field known as ‘area studies’ said it was necessary to move beyond Western frameworks.

The field of area studies has grown in importance as China seeks to engage with other countries. Photo: Xinhua

Business

Why Hong Kong’s extensive I&T ecosystem and global connectivity appeal to top-tier talent

In partnership with:Hong Kong Talent Engage
German Silke Schmickl, Chanel senior curator and head of moving image at Hong Kong’s M+ museum, has been fascinated by the city since her childhood.
LIVE

Development minister on accountability: I am just a sailor following my captain

Asked if she had considered resigning, Bernadette Linn says she has stayed to follow the orders of Chief Executive John Lee.

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The morning press conference is led by Deputy Financial Secretary Michael Wong, who is now also acting housing minister, and development chief Bernadette Linn Hon-ho. Photo: Elson Li

China

Lula win aids China ties; Hong Kong official quits over Tai Po fire: 7 highlights

From Kim Jong-un’s surprise Chinese border visit to Kylian Mbappe facing backlash, here are top stories from SCMP’s recent reporting.

Brazil’s President Luiz Inacio Lula da Silva waves the national flag as he addresses supporters after his run-off victory, in Sao Paulo on October 26. Photo: Reuters

World

‘Identity crisis’: UK passes British Nationality Bill in 1981 – SCMP archive

The bill completed its journey through parliament on October 30, 1981, and redrew nationality laws impacting then-colonies, including Hong Kong.

The front page of the SCMP newspaper on October 31, 1981. Photo: SCMP

China Business

Traders await Hong Kong’s marquee financial summit: a good omen for stocks?

The Hang Seng Index has risen an average 1.6 per cent during summit week over the past four years.

A giant electronic monitor in Central, Hong Kong, displays the Hang Seng Index. Photo: Edmond So

Tech Trends

Chinese AI optical suppliers slump despite upbeat third-quarter earnings

Innolight on Thursday posted a 174 per cent surge in third-quarter net profit to US$1.29 billion, as revenue jumped 172 per cent.

The Zhongji Innolight logo is seen at the launch of its initial public offering in Hong Kong on July 30, 2026. Photo: AFP

Diplomacy

Chinese scientists dissatisfied with jobs but optimistic about future: survey

Despite their frustrations, Chinese scholars were confident about having more successful careers than counterparts in the US and Britain.

Chinese scientists reported lower satisfaction regarding relationships with colleagues, time off, work-life balance and professional development opportunities. Photo: Shutterstock

Markets

As Anthropic eyes a mega-IPO, why are Chinese tech valuations so far behind?

The firm’s fundraising ambitions highlight the gulf between investor enthusiasm for US AI companies and the lower valuations of Chinese counterparts.

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Anthropic is expected to attract a record valuation when it lists on the stock market. Photo: Reuters

Australasia

Australian mushroom killer likely to die in jail after failed appeal

Calling the triple murders ‘extraordinarily cold and calculated’, a judge said there were insufficient grounds to try the case again.

Convicted murderer Erin Patterson is escorted out of the Supreme Court of Victoria in Melbourne, Australia, last year. Photo: AFP

Hong Kong

Will Tai Po fire reforms wipe out collusion in building maintenance industry?

Experts say implementation will be a challenge, but changes signal a desire to shift deep-seated attitudes and take on longstanding systemic problems.

Cyclists ride past Wang Fuk Court in Tai Po on October 29, 2026, nearly a year after a tragic blaze at the estate claimed 168 lives. Photo: Dickson Lee

Chinese culture

Not just for aches and ailments. Here are 6 other ways to use White Flower Oil

The pungent medicated oil known as Hoe Hin Pak Fah Yeow removes stains, relieves heat and more. Here are lesser-known uses around the house.

Originally made in Penang, White Flower Oil is now primarily manufactured in Hong Kong, where it is used to treat ailments. But the medicated oil also has lesser-known uses around the home. Photo: James Wendlinger

Entertainment

Screams to scandals: how Ocean Park has spooked Halloween guests for 25 years

The history of Halloween at Ocean Park is a story of changing tastes, local creative talent and, at times, tragedy and controversy.

A girl in costume stands in front of The Grave Rave attraction at Ocean Park during a media preview on September 24, 2026. The attraction – part of Ocean Park's Halloween Fest 2026 – runs until November 1. Photo: Edmond So
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Military

Inside the PLA’s new austerity drive: lean, mean, printing-on-both-sides machine

As with Beijing’s push across civilian departments, China’s military urges units to cut costs in training, management and equipment support.

PLA soldiers march through Tiananmen Square during a military parade in Beijing on September 3, 2025. Photo: Xinhua
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Business

Hong Kong banks face growing pile of repossessed homes as sales slow

Society

‘Why did it take 11 months?’: apology too late for some Tai Po fire survivors

Entertainment

Screams to scandals: how Ocean Park has spooked Halloween guests for 25 years

Tech Trends

Chinese AI optical suppliers slump despite upbeat third-quarter earnings

China

Lula win aids China ties; Hong Kong official quits over Tai Po fire: 7 highlights

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