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China’s voluntary pension funds lose US$10.9 billion amid equity-market volatility, pointing to need for more investor choice
China’s voluntary employee pension funds reported a 2.8 per cent loss in the first quarter as bets on the stock market blew up amid a slump, highlighting the impact of market volatility and indicating a need for a more market-oriented fund-management approach as Beijing reforms its massive pension system.
Clock ticking for Hong Kong woman in dire need of heart transplant, doctor warns, as patient’s husband appeals for donor
The dire plight of a 65-year-old Hong Kong woman at the top of a waiting list for a heart transplant has turned the spotlight back on the public’s reluctance to support organ donation.
Climate risks could cut profits at HSBC, Standard Chartered and other banks by 15 per cent, Bank of England says
HSBC, Standard Chartered and other British-based banks and insurers could see their annual profits fall by 10 per cent to 15 per cent if they fail to address climate risks in a timely fashion, according to a stress test conducted by the Bank of England.
Climate change: China’s planned coal mines undermine phase-out pledge, adding to greenhouse-gas emissions, researcher says
China’s pipeline of 169 new coal mines could add around 10 per cent to the nation’s mining capacity in coming years, rather than reducing the fossil fuel as Beijing has pledged, according to Global Energy Monitor (GEM).
China has launched the world’s first giant floating fish farm that can produce 3,700 tonnes of fish every year – an output similar to Chagan, one of the country’s largest freshwater lakes, state news agency Xinhua reported.
New NFT platform from Visual China, the country’s top photo licensing site, targets overseas users on Ethereum
Visual China Group (VCG), the country’s largest stock photo and video provider, is testing an overseas platform for non-fungible tokens (NFTs) that supports cryptocurrency, which is strictly banned in mainland China.
Smoking prevalence rate drops to new low of 9.5 per cent in Hong Kong, but ‘significant’ increase in use of e-cigarettes
Hong Kong’s smoking prevalence rate has dropped to a new low of under 10 per cent, but the usage frequency of e-cigarettes has increased “significantly” by nearly 1.5 times in the past two years.
Cathay Pacific to rehire hundreds of cabin crew ahead of ‘recovery in Hong Kong and global aviation’
Cathay Pacific Airways will rehire hundreds of cabin crew who were previously laid off or resigned ahead of plans to ramp up its flight services, the Post has learned.
UK law firm DWF enters Hong Kong market with Hauzen tie-up as events boost demand for regulatory, financial advice
UK law firm DWF is expanding into the Hong Kong market by forging a partnership with Hauzen LLP, which will allow both parties to combine their resources and expertise in key regulatory advisory and litigation services and provide these to clients in Chinese and globally.
Rule of law worldwide challenged by ‘countries that claim to promote democracy’, top Chinese diplomat in Hong Kong says
China’s top diplomat in Hong Kong has warned that the rule of law around the world is under siege from “countries that claim to promote democracy”, but insisted the city will shine again with the support of the central government.