Day: June 11, 2025

Chery Automobile, China’s second-largest automobile maker by volume, is aiming to complete its initial public offering (IPO) in Hong Kong in the third quarter of this year, said its chairman. Advertisement The company, based in Wuhu city in eastern China’s Anhui province, has filed its intention to list on the Hong Kong stock exchange and use the city as its springboard for venturing into the global market, said Yin Tongyue during the 2025 Automotive Expo in the city. “We hope to have more of our manufacturing, research and development, and…

Just after sunset on an October evening in 1408, six years into the reign of the Ming dynasty’s Emperor Yongle, Chinese court astronomers spotted a mysterious new star glowing high in the southern sky, near the heart of the Milky Way. Advertisement “It was about the size of a cup-shaped oil lamp, with a pure yellow colour, smooth and bright,” according to Hanlin Academy scholar Hu Guang, in a formal report to the emperor that interpreted its appearance as a heavenly endorsement. “We, your ministers, have encountered this auspicious sign,…

China’s home-grown AG600, the world’s largest amphibious aircraft, has been given the green light for mass production, marking a step forward in building an independent and globally competitive aviation industry. Advertisement The Civil Aviation Administration of China (CAAC) certified the plane on Wednesday, confirming that its developer, the state-owned Aviation Industry Corporation of China (Avic), has established a reliable system to consistently produce aircraft that meet safety standards, according to state broadcaster CCTV. Avic said the approval was a milestone towards a “more high-end and standardised” civil aviation manufacturing sector,…

With the passage of one of the world’s most comprehensive stablecoin laws two weeks ago, Hong Kong is looking to stay at the forefront of global finance while addressing lessons from past industry setbacks, according to analysts. Advertisement Being a “first mover” in stablecoin legislation “reflects the determination” of the city’s government to “unlock value that they see in this sector, given the number of hurdles from past incidents”, said Melvin Deng, CEO of digital asset trading firm QCP Capital. Hong Kong is one of the first jurisdictions to introduce…

A PLA mobile electronic warfare platform deployed southeast of Taiwan activates its emitter, shattering the electromagnetic silence with powerful pulses, which are initially blocked by the island’s towering central mountain range. Advertisement But while the key eastern military bases are unaffected at first, gradually the signals navigate the complex terrain, reflecting like mirrors off slopes and scattering across rough surfaces. Eventually, they cross the peaks to blanket the entire island and its surrounding waters. Signals in parts of eastern Taiwan could rival the strength of those in the west. Even…

The International Organisation for Mediation launched in Hong Kong late last month, counting 32 countries as founding signatories. An institution designed to supplement and actualise Article 33 of the United Nations Charter is something the world increasingly needs as Russia’s invasion of Ukraine drags into its fourth year. Advertisement Recent peace talks in Istanbul produced no appreciable progress, while swings on the battlefield have long since given way to a grinding impasse. Neither side appears capable of achieving peace, much less victory on the battlefield. Meanwhile, sanctions, weapons deliveries and…

US President Donald Trump’s proclamation last week that he would bar Harvard University from enrolling new international students put the spotlight back on an unprecedented stand-off between the White House and America’s pre-eminent university. Advertisement Trump’s move came less than a week after a federal court injunction blocked the US Department of Homeland Security’s termination of Harvard’s ability to host international students. It was also just hours after the administration threatened Columbia University’s accreditation standing, contending that the New York school – like Harvard, an Ivy League university whose founding…