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SCMP Exclusives

SCMP Exclusives
The latest news, analysis and opinion on SCMP Exclusives. In-depth analysis, industry insights and expert opinion.
Citigroup’s global CEO Jane Fraser poses for a photo at Citibank’s Hong Kong office in Central on June 24. Photo: May Tse
Banking & finance

Exclusive | Why Citigroup CEO Jane Fraser left Beijing feeling optimistic

Leader of US$239 billion company discusses yuan internationalisation, Hong Kong’s fintech leadership, and US-China economic stabilisation.

Banking & finance

Exclusive | Hong Kong to launch gold clearing and settlement system next week: sources

China-EU relations

Exclusive | China signals openness to cut gaping EU trade gap as Brussels toughens stance

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Artificial intelligence

Exclusive | China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources

The Kuaishou Technology spin-off aims to start Hong Kong listing process within a year, as annual recurring revenue soars following latest AI video model release.

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Kling AI is said to be close to completing a US$3 billion fundraising round that would value the company at US$18 billion post-investment. Photo: Shutterstock
US-China relations

Exclusive | US lawmaker defends calling witness ‘racist’ in explosive China committee clash

Californian congressman says ‘denaturalise’ comments by Michael Lucci, founder of State Armor, are ‘absurd’.

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China-India relations

Exclusive | Indian officials said to be in talks to allow reporters from China to return

Last Chinese journalist left India after being denied visa extension in 2023 and sources say both sides are working to restore reciprocity.

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ByteDance

Exclusive | ByteDance targets early next year for next-generation CPU: sources

To accelerate development and help secure foundry capacity, ByteDance is collaborating with US chipmaker Qualcomm.

ByteDance is seeking wider deployment of its self-developed hardware across its own AI infrastructure. Photo: NurPhoto via Getty Images
Hong Kong’s Tai Po fire tragedy

Exclusive | Housing minister talks accountability, how to prevent another Tai Po fire

Secretary for Housing Winnie Ho says tragedy left profound impact on all involved departments and highlighted need to strengthen oversight.

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Hong Kong housing

Exclusive | High ceiling to clear? First rectified subdivided flat to be approved soon

Housing minister Winnie Ho also says government still needs at least four years to fulfil Beijing’s order to eradicate substandard homes.

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Hong Kong housing

Exclusive | Bigger space, better living: what Northern Metropolis public flats have to offer

Share of larger flats will also be increased to 25 per cent, with estates integrated with the area’s environment, heritage and technology.

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An artist's impression of the Fanling North New Development Area. Estates located near rivers will feature waterfront elements and integrate with the riverside environment. Photo: CEDD
Malaysia

Exclusive | From Kuantan to ‘Oscars of science’: top Malaysian scientist is always adapting

Breakthrough Prize winner Thein Swee Lay’s research has helped turn sickle cell disease and beta-thalassaemia into treatable conditions.

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Dr Thein Swee Lay works in her lab at the US National Institutes of Health in Washington. Photo: Julie Erb-Alvarez
Thailand

Exclusive | Bangkok’s ‘Hulk’ governor wants a second chance to smash it

Chadchart Sittipunt has won fans with his dog parks and flood alerts. Now he says he needs four more years to finish the job.

Hong Kong healthcare and hospitals

Exclusive | Why having more foreign-trained doctors in Hong Kong won’t threaten local ones

Health minister Lo Chung-mau says city lacks doctors trained in certain branches but hospitals will always prioritise local hires.

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Hong Kong politics

Exclusive | Hong Kong’s own drug regulator pushes ahead with hiring, seeks WHO recognition

Health chief says the city is aiming to approve drugs independently by 2030 as it builds capacity and courts global pharmaceutical companies.

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Secretary for Health Lo Chung-mau. Photo: May Tse
China-India relations

Exclusive | US assures India over AI ‘kill switch’ as ‘Pax Silica’ expands to counter China

New Delhi says Washington pledged AI access would continue after Anthropic restrictions as the US-led initiative adds new members.

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The Pax Silica summit in Washington brought together countries seeking to strengthen AI supply chains. Photo: Handout
Hong Kong national security law

Exclusive | Repentant protesters will be given priority case review, minister says

Secretary for Security Chris Tang flags ongoing threats amid geopolitical tensions and need to continuously review and refine national security laws.

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Hong Kong politics

Exclusive | Loss of fugitive transfer deals a ‘pity’ and only helps criminals: Chris Tang

Security minister tells SCMP it’s up to countries that suspended agreements whether to resume them.

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Hong Kong’s Tai Po fire tragedy

Exclusive | ‘No limits’ to accountability over Tai Po fire, security chief Chris Tang says

Secretary for security says committee investigating blaze will deliver results in a timely manner and commission of inquiry not needed.

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Secretary for Security Chris Tang. Photo: Dickson Lee
Hong Kong politics

Exclusive | Hong Kong to reform Medical Council to improve handling of complaints

Proportion of lay members to be increased and time frames for cases made public under amendments headed to Legco in about two weeks, SCMP learns.

US-China trade war

Exclusive | Dutch semiconductor giants join delegation to China as US pushes curbs: source

The Netherlands has protested Washington’s proposed Match Act, which would further curtail its semiconductor firms’ business in China.

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Hong Kong economy

Exclusive | Beijing probe driven by ‘leakage’ concerns, Paul Chan tells Davos Dalian event

Financial Secretary Paul Chan discusses probe on three brokerages, HKIC’s Clara Chan reveals investment vision, at closed-door event.

Paul Chan made the remarks at a closed-door SCMP event at the World Economic Forum’s Annual Meeting of the New Champions. Photo: SCMP
Hong Kong economy

Exclusive | Hong Kong needs visionaries to run Kai Tak Cruise Terminal: Rosanna Law

Tourism minister also says prospective bidders sought extra time to work on proposals before government extended tender deadline.

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The next Kai Tak Cruise Terminal operator must do far more than simply manage cruise berthing operations, the city’s tourism minister has said. Photo: Sam Tsang
Hong Kong tourism

Exclusive | How Hong Kong plans to tap popular films, historic buildings to lure tourists

Tourism chief says city will build on success of old Yau Ma Tei police station exhibition to turn more historic buildings into cultural experiences.

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Hong Kong tourism

Exclusive | Competing for tourists? Then Hong Kong must be ‘bigger and better’: Rosanna Law

‘If Hong Kong hopes that our neighbouring cities or competitors can stand still … I think that is unrealistic,’ tourism minister says.

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2026 Xi-Trump summits

Exclusive | No call with Taiwan, no new arms sales: how Trump is preparing to welcome Xi

There are no signs that the US president is about to phone Lai Ching-te and upset the fragile stability with Beijing, sources say.

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Sources say that US President Donald Trump is unlikely to put in a call to Taiwanese leader Lai Ching-te. Photo: AP
US-China relations

Exclusive | Is the US warming up to Hong Kong? High-level meeting signals shift

AmCham HK delegation expected to meet high-ranking US State Department official as part of annual trip to Washington, sources say.

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US assistant secretary of state for East Asian and Pacific affairs Michael DeSombre is expected to meet a delegation from the American Chamber of Commerce Hong Kong next week in Washington. Photo: AFP/AKP
China trade

Exclusive | ‘We cannot rely entirely on America’: Europe urged to deepen China ties on AI

Euro architect Christian Noyer says Chinese capital can help Europe build AI, green industries and strategic autonomy as it revamps markets.

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John Lee

Exclusive | ‘A year is a long time’ – John Lee on whether he will run again in 2027

City leader discusses goals for final year of current term and reflects on previous four, saying: ‘Hong Kong’s interest takes priority over my personal interests’.

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