SFC and Saudi counterpart agree to enhance regulatory cooperation
The SFC's CEO Julia Leung (left) met with the CMA's Board Commissioner Abdulaziz Bin Hassan (right) in Hong Kong. SFC
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
10 minutes ago
- South China Morning Post
10% year-on-year sales boost expected for Hong Kong eateries on handover holiday
Hong Kong's restaurant industry is anticipating a 10 per cent boost in business on Tuesday compared to last year, with an industry leader noting that the increased number of over 3,800 eateries offering discounts to celebrate the city's handover to Beijing will spur local consumption and help ease the sector's woes. Advertisement Simon Wong Ka-wo, president of the Hong Kong Federation of Restaurants and Related Trades, expressed optimism as the city celebrated the 28th anniversary of its return to Chinese sovereignty on Tuesday. 'The different discount packages offered by restaurants and shopping malls will encourage more residents to consume,' Wong told the Post, noting that the number of participating restaurants had jumped from 2,000 last year to 3,800 this year. The offers, including a 29 per cent discount at Hong Kong-style cafe chain Tai Hing and its 15 sister restaurant chains, led to bustling scenes at eateries across the city. At Tai Hing's Tsuen Wan branch, there was a constant queue of over 20 people, with the number at times exceeding 30. Its Causeway Bay outlet was packed with diners early in the morning. Advertisement Other businesses such as Chinese teahouse All Forum and bakeries such as Arome also took part in the promotional campaign by offering discounts.
South China Morning Post
an hour ago
- South China Morning Post
On anniversary of Hong Kong handover, John Lee vows to be a ‘reformer' amid challenges
Hong Kong's leader has vowed to be a 'reformer' that rises to challenges rather than becoming a 'complacent idler' in the face of the economic restructuring and geopolitical tensions, as he enters his fourth year in office. In a speech to mark the 28th anniversary of the city's handover to Chinese rule, Chief Executive John Lee Ka-chiu on Tuesday also laid down three priorities in his governance: boosting development backed by security; expediting the Northern Metropolis megaproject near the border with mainland China; and improving residents' livelihoods. Lee said he had full confidence in Hong Kong's development, as long as the city was committed to fully seizing opportunities, undertaking reforms and fostering innovation. He cited a Chinese saying that describes a hard task becoming easy with determined efforts and an easy task getting difficult with inaction. 'We would rather be reformers who rise to challenges than become complacent idlers,' Lee declared at the reception held at the Hong Kong Convention and Exhibition Centre in Wan Chai. 'Amid an ever-changing geopolitical landscape and constantly increasing uncertainties, Hong Kong is able to showcase exactly to the world the certainties of safety, stability and development opportunities. These are precisely what the world needs and seeks.'
South China Morning Post
2 hours ago
- South China Morning Post
Beijing's military parade not focused on Taiwan, but its message will be
When Beijing stages a grand military parade this autumn, observers will be watching for signals being sent towards Taiwan, with both military hardware and historical connections sending both public and political messages. The event, to be held on September 3, will mark the 80th anniversary of the end of World War II. It will feature the latest and most advanced weapons of the People's Liberation Army (PLA), and a speech by Chinese President Xi Jinping that is expected to hint at China's foreign policy and the future direction of the country's military. While Taiwan will not be the theme of the event, Beijing has already started telegraphing messages towards the self-ruled island. Military preparations The PLA is expected to showcase advanced weapons, including its latest fifth-generation fighter jet, intercontinental ballistic missiles and cutting-edge uncrewed equipment, much of which was commissioned with the Taiwan conflict scenario in mind. The PLA Navy's newest carrier-based aircraft may also make an appearance. Last week, state media reported that China might unveil some new models of carrier-based fighter jets. Chinese aircraft carriers were deployed near Taiwan recently, launching fighter jets towards the east coast of Taiwan. Military commentator Wei Dongxu told state broadcaster CCTV that carrier-based aircraft meant the aircraft carriers were 'combat-ready'. He added that a flyover at the parade could bring 'more surprises', a hint that the current model J-15T and even J-35 fighter jets, which have been modified to accommodate catapult take-offs, might put in an appearance.
