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Pic of the Day | US ban on China Unicom: Wow, what a 'free-market' economy

The US government last week banned two Chinese companies, China Unicom and Pacific Network, from providing international telecoms services in the country, citing national security concerns. Using national security as a pretext, the U.S. once again damaged its own image of a 'market-oriented' country and has also harmed the legitimate rights and interests of global consumers. The same old trick has been used against China's Telecom and Tik Tok earlier.

Renminbi's global use steadily increases

Experts said that China's renminbi is expected to continue its steady rise in global use and play a more significant part in safeguarding international financial stability as the country further advances its financial opening-up while deepening trade and investment cooperation.

Shanghai, Shenzhen stock exchange indices down in August

Stocks on the Shanghai and Shenzhen bourses saw their key indices down at the end of August 2022 compared with the end of July this year, according to the People's Bank of China, the country's central bank.

MPFA: Full steam ahead to build eMPF Platform, aiming to reduce 55% administration fees

MPFA Chairman Ayesha Macpherson said in a blog post today (September 25) that reducing administrative fees has been one of the MPFA's top priorities.

Best things to do for bleisure travelers in HK

As HK is finally reopening to the world, check out the best things to do in here! If you are scheduled for business travel to HK, don't hesitate to switch on the bleisure mode! No matter whether you are a nature lover, a museumgoer or you enjoy the bustling life of a metropolis, you will definitely find yourself spoilt for choice in the Asian financial center. Still not decided on where to chill out yet? Here is our customized guide for bleisure travelers like you.

Tesla recalls nearly 1.1 mn U.S. vehicles to update window reversing software

Tesla (TSLA.O) is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.

Boeing to pay 200 mln USD to settle SEC charges on misleading investors about 737 MAX

Aviation giant Boeing will pay 200 million U.S. dollars and its former CEO will pay 1 million dollars to settle charges over misleading investors after two deadly crashes of 737 Max jetliners, the Securities and Exchange Commission (SEC) said Thursday.

HK's consumer prices up 1.9% in August

The overall consumer prices in Hong Kong rose 1.9 percent in August year-on-year, the same as that in July 2022, official data showed on Thursday.

US Fed enacts third straight three-quarter-point rate hike

The U.S. Federal Reserve on Wednesday enacted the third consecutive three-quarter-point rate hike as it continues to ramp up its fight against surging inflation.

Young Voices | The establishment of Chip 4 is a bad decision

In order to make its domestic and external challenges go away, the US has long been using political ploys to contain China's development. Signing various kinds of bills and establishing alliances are the ones that American politicians favor the most. In the Asia-Pacific region, the US also tries very hard to improve its relationship with China's neighbors.

HK: Base rate raised to 3.5%

The Monetary Authority has increased the base rate to 3.5% with immediate effect.

Elon Musk faces skeptics as Tesla gets ready to unveil 'Optimus' robot

Tesla (TSLA.O) Chief Executive Elon Musk blamed overreliance on factory robots for sending the electric carmaker to "production hell" four years ago, saying humans were better at certain jobs.

HK's welfare cases down 0.3% in August

The overall Comprehensive Social Security Assistance caseload dropped by 698 cases to 210,367 in August, down 0.3% from July, the Social Welfare Department announced Monday.

HK's jobless rate falls to 4.1%

Hong Kong's unemployment eased for a fourth straight month as domestic activities further picked up, but the government warned that tightened financial conditions may limit the degree of improvement in the labor market.

China's FDI inflow up 16.4 pct in first eight months

Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 16.4 percent year on year to 892.74 billion yuan in the first eight months of the year, the Ministry of Commerce said Monday (Sept. 19).
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