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In Focus | China’s private firms are in a rut. Are regulations making it deeper?

With an economic slowdown adding to their woes, China’s private businesspeople lament heightened regulatory enforcement as a further strain.

Illustration: Lau Ka-kuen

US

China-made cancer drug to go on sale in US after Americans travel to buy it

British pharmaceutical giant AstraZeneca has acquired worldwide rights to develop and market a Chinese-developed lung cancer drug. Photo: Reuters

Hong Kong Economy

Fresh Hong Kong graduates feel AI impact as degree pay advantage narrows

The Baptist University survey found the disparity between the starting salaries of bachelor’s degree and sub-degree graduates narrowed by 17 per cent this year compared with 2025. Photo: Elson Li

Diplomacy

Asia Society announces new permanent home in historic Washington building

The US$17.5 million, 15,000-square-foot Gilded Age Blaine Mansion also has a private pool as part of its 7,000-square-foot penthouse.

The Asia Society’s new home at the Blaine Mansion, Washington. Photo: Craig Westerman
Exclusive

EU mulls sanctions reprieve for Chinese fabric-maker accused of aiding Russia

Beijing offers to remove restrictions on a German supplier to chipmaking giant ASML in exchange for the EU delisting Chinese firm Yusha.

EU trade commissioner Maros Sefcovic addresses the European Parliament in Strasbourg on Tuesday. Photo: AFP

Cryptocurrency

HSBC RedCoin stablecoin launches for 3.3 million PayMe users in Hong Kong

The phased roll-out comes as Hong Kong pushes to establish itself as a hub for digital assets.

The logo for HSBC’s stablecoin, RedCoin. Photo: Handout

Economics

Vietnam partners with Denmark to propel its wind energy ambition

Both sides will develop an offshore wind project in line with Vietnam’s goal to boost renewable electricity generation.

King Frederik X of Denmark (right) and Vietnam’s President To Lam (second right) look at offshore wind turbines as they attend a boat trip in Copenhagen on Wednesday. Photo: AFP

Middle East

Longevity-first healthcare takes spotlight at Abu Dhabi Future Health Summit

In partnership with:Future Health – A Global Initiative by Abu Dhabi
The future of healthcare is expected to be transformed by innovations focused on predicting and preventing health issues.

Hong Kong

Hong Kong’s Bay Area vision

The city is one of 11 Greater Bay Area cities that collectively form a strategic fulcrum in the country’s new development vision.

Politics

Beijing slams UK’s ‘irresponsible remarks’ on Hong Kong in 6-monthly report

UK urged to stop interfering in China’s affairs after report says Hong Kong’s openness has been further diminished by national security law.

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Security and the rule of law are being effectively upheld in Hong Kong, Beijing has said. Photo: Dickson Lee

China

16 killed, 32 hurt after magnitude 7 earthquake strikes China’s Tibet

More than 300 houses have collapsed, and disaster relief work continues.

Mountains are seen in Nagqu county of China’s Tibet autonomous region. The epicentre of the quake was about 190km from Nagqu. Photo: Shutterstock
Exclusive

Quad confirmed, Manila envoy signals likely ‘Squad’ talks before Trump-Xi summit

Philippine ambassador to the US Jose Manuel Romualdez also says he hopes Asean will become like Nato, capable of handling its own security.

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Philippine ambassador to the US Jose Manuel Romualdez floated the idea of an “Asean Nato”, reviving a proposal that was rejected by the country’s defence chief in 2024. Photo: AFP

United States & Canada

Judge gives Trump deadline to sit for deposition in BBC defamation suit

The order came as lawyers for the UK broadcaster complained that the US president had delayed his appearance.

The BBC logo is seen outside the BBC Broadcasting House in London in December 2025. Photo: Reuters

United States & Canada

Tom Skerritt, star of Alien and Top Gun, dies at 93

Known for his rugged good looks and ability to shine in many genres, he took on roles ranging from an army surgeon to a spaceship captain.

Tom Skerritt arrives for a premiere in Burbank, California, in February 2018. Photo: TNS

Europe

Millions in cheese revenue lost as protest hits Italy’s famed mozzarella

Truckers are blocking deliveries over the high cost of diesel amid the ongoing Iran war.

Truck drivers take part in a slow-moving protest in Naples, Italy, on Thursday. Photo: EPA

United States & Canada

Trump invokes Defence Production Act to boost oil production and refining

The move comes as surging fuel prices pose a risk for the US president in the coming midterm elections.

A pumpjack operates after sunrise near Bakersfield, California, on October 16. Photo: AFP

Arts

A real-life Tang dynasty tragedy is the focus of this popular AI microdrama

By mixing romance, time travel and real history, Yanbian Qingmei has revived interest in revered Tang dynasty calligrapher Yan Zhenqing.

A still from Yanbian Qingmei, the AI microdrama that has stirred interest in Tang dynasty history and the calligrapher Yan Zhenqing. Pictured are the time-travelling female protagonist Li Youwei (right) and Yan Jiming, the calligrapher's nephew. Photo: Weixin
SERIES: Hong Kong’s pop culture icons

Profile | Cantopop diva Paula Tsui defined an era with her signature contralto voice

Paula Tsui Siu-fung, a living legend and Cantopop superstar, has helped shape Hong Kong’s music scene for decades.

This image shows the album cover of Paula, a classic 1986 Cantopop studio album by iconic Hong Kong singer Paula Tsui (徐小鳳). Photo: Handout

Tech War

‘Jensen’s nightmare’: Huawei, DeepSeek narrow AI chip ecosystem gap with Nvidia

DeepSeek is likely to rely ‘primarily’ on Huawei’s ‘already mature and well developed’ technology stack by 2027 or 2028, SemiAnalysis says.

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Nvidia CEO Jensen Huang delivers a keynote speech during the Nvidia GTC Berlin Artificial Intelligence conference on October 21. Photo: AFP
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Making it in the metropolis

Making it in the metropolis

Hong Kong is betting big on the Northern Metropolis, a 30,000-hectare megaproject positioned as the city’s next engine for economic growth.

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Fresh Hong Kong graduates feel AI impact as degree pay advantage narrows

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