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Regulation

Regulation
The latest news, analysis and opinion on Regulation. In-depth analysis, industry insights and expert opinion.
“Computing equals productivity, but we can’t sacrifice security while making innovations,” says Arthur Yuen of the HKMA. Photo: Eugene Lee
Fintech

HKMA launches quantum readiness and cybersecurity projects for banks in AI era

Banking regulator sets fintech road map with quantum index and measures to boost security, data quality and skills.

Hong Kong politics

Opinion | Hong Kong’s seat belt policy U-turn shows little learned from waste levy mess

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E-commerce

China slaps US$3.7 million fine on Kuaishou for live-streaming e-commerce breach

Hong Kong

Legal Tales | Late corporate activist David Webb showed why transparency benefits Hong Kong

Webb’s website reported on suspicious corporate wrongdoings under an open system that improved city’s governance and exercise of the rule of law.

David Webb with his website displayed on his computer, photographed at his Shiu Fai Terrace home in 2000. Photo: SCMP
Fintech

China second to US in global AI finance index, with Hong Kong third as city hub

China rated the strongest country in converting AI capacity into production use, while Hong Kong trailed New York and London as finance hub.

Hong Kong transport

Hong Kong lawmakers urge review of seat belt policy on buses amid complaints

Legislator Ben Chan says some operators could consider switching to lap belts to make it easier for passengers to alight.

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China travel

China’s Trip.com probe targets algorithms, prices after vendor anger: analysts

Regulators accuse one of the world’s biggest travel platforms of abusing market power, with analysts warning of wider industry scrutiny.

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The investigation follows years of complaints about data-driven price discrimination and rising commissions, according to analysts. Photo: Shutterstock
Malaysia

‘Lame excuse’: Malaysia’s parliament tightens access rules for media interviews

One lawmaker slammed the move for curbing the right of MPs to express their views freely.

Artificial intelligence

China-founded Shanda’s AI lab boosts Singapore operation, pulling China research

MiroMind asks some staff in Shanghai to relocate and continue their AI research work in Singapore, sources say.

Low-altitude economy

Shanghai to open ‘free-to-fly’ zones covering 46% of city for consumer drones

From February 1, consumer drones will be allowed to fly in designated airspace under new rules to boost the city’s low-altitude economy.

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A drone flies over The Bund in central Shanghai in the evening. Photo: Shutterstock
E-commerce

China fines e-commerce firm PDD for tax violations amid probe

Operator of leading online retail platform was cited for failure to comply with Shanghai’s tax requirements.

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The logo of Chinese e-commerce platform Pinduoduo. Photo: Shutterstock
European Union

Opinion | An internally split Europe can never fully engage China and Asia

The Brussels effect is real but so is Europe’s strategic subordination to the US. For China, and Asia, this means proceeding with pragmatism.

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China’s crackdowns

China targets wealthy influencers with audits, fines as fiscal pressures rise

Big data is used to flag income gaps for top online stars and overseas earners, as regulators recover billions in unpaid levies amid slumping land sales and value-added tax revenue decline.

Trip.com

Beijing opens antitrust investigation into Trip.com before Lunar New Year break

The Trip.com case shows how China’s regulatory inquiries into various online platforms have become the norm.

Trip.com Group is China’s largest online travel services provider. Photo: Shutterstock
US-China tech war

Editorial | Review of Meta-Manus deal a reminder of what’s at stake in US-China rivalry

As Chinese firms look abroad, the authorities have to balance intellectual property protection and national security against commercial interests.

The Manus AI logo is seen displayed on a smartphone screen with the Meta logo in the background. Photo: Getty Images
China deflation

China’s solar firms, once deemed too competitive, now face monopoly accusations

Major producers are suspected of using Beijing’s anti-involution campaign as an excuse to rig prices.

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Australia

Australian social media ban: Meta shuts 550,000 children’s accounts

Australia’s ban on social media usage for under 16s, a world’s first, came into effect on December 10.

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Hong Kong transport

Over 1,000 apply as online slots for test-free Hong Kong driving licence go fast

Post reporter tried to secure spot at 7am but was met with a digital bottleneck that saw all available slots snapped up in just over 30 minutes.

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Hong Kong currently allows holders of full driving licences from 32 countries or regions to apply for a local permit without taking a test. Photo: Dickson Lee
Indonesia

Asian Angle | Indonesia’s digital 2045 ambition rests on a fragile seabed spine

With few domestic repair ships and convoluted laws, Indonesia struggles to safeguard the 115,000km of cables powering its digital future.

Artificial intelligence

Dose of uncertainty: experts wary of AI health tech gadgets at CES trade show

Technology and health experts question the accuracy of these products and warn of data privacy issues.

Artificial intelligence

DeepSeek to customise namesake chatbot for Italian users following probe

The firm agrees to a package of commitments, including tackling AI model ‘hallucination’ issues, with the Italian Competition Authority.

The Italian Competition Authority praised DeepSeek for committing to lower the hallucination rate of its AI models through technical fixes. Photo: Shutterstock
Hong Kong economy

Opinion | With Hetao tech hub, Hong Kong is reimagining its economic future

The city is pivoting towards hi-tech development and greater cross-border integration while committing to innovation ecosystem synergy.

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An aerial view of the Hong Kong-Shenzhen Innovation and Technology Park which, together with the Shenzhen park on the other side of the river, forms the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, seen on December 22. Photo: Eugene Lee
Artificial intelligence

Opinion | Why reducing AI harm requires more than tech firms’ empty promises

Real action incurs real cost, which is why incentives and regulatory frameworks for tech firms matter.

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Hong Kong economy

Opinion | How Hong Kong can complement Hainan’s free-trade port

Jointly designed customs rules could be used in pilot schemes to smooth the customs process for international business.

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Malaysia

Malaysia moves to regulate WhatsApp, Facebook and others under online safety law

The decision to deem major platforms licensed regardless of application closes a regulatory gap, but questions remain over enforcement.

Young women using a smartphone in Kuala Lumpur, Malaysia. From January 1, major social media and messaging platforms with more than eight million users in Malaysia are treated as licensed under a new online safety regime. Photo: AP
Banking & finance

Opinion | To harness crypto ingenuity, financial threat must first be neutralised

Future of money must be shaped by competition between private ingenuity and public purpose, not by rent seeking and speculative bubbles.

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Illustration: Craig Stephens
China manufacturing

China bolsters e-cigarette regulations to smoke out non-compliance

The draft policy would cut down on excess capacity within e-cigarette sector and tighten enforcement of standards in production and export.

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South Korea

In South Korea, vouchers to curb county’s falling population draw new residents

Officials in Okcheon, however, are looking to identify fake residents who change addresses without moving in.

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