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China pumps massive US$54b into insurers, banks in financial powerhouse push

The rare capital boost of such magnitude seeks to shore up insurers and banks as solvency pressures mount and regulatory demands loom.

Military

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Only 1,560 registered and walk-in patrons arrived at Po Pin Chau on Saturday and Sunday, despite 3,230 people making bookings.

A booking system for Po Pin Chau, introduced on September 5, is in effect on Saturdays and Sundays until September 20. Photo: Dickson Lee
Only 1,560 registered and walk-in patrons arrived at Po Pin Chau on Saturday and Sunday, despite 3,230 people having made bookings under the real-name reservation system. Photo: Dickson Lee

Business

Why Hong Kong’s strategic advantages attract global talent

In partnership with:Hong Kong Talent Engage
Married couple Robert Lay and Emma Li, who are both finance industry veterans, moved to Hong Kong from New Zealand with their children in 2023.
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Science

China mines iron from tailings and low-grade ore to cut Australia, Brazil supply

Scientists have found a way to turn waste into a valuable resource on an industrial scale, reducing China’s dependence on iron ore imports.

China is the world’s biggest iron ore user but relies on imports for more than 80 per cent of its needs. Photo: Shutterstock
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Opinion
David Tingxuan Zhang
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Why China won’t ban housing presales outright

3 hours ago
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Children among at least 25 killed in Cabo Verde bus crash

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