EJ Insight

BUSINESS

China on track to ease foreign ownership rules in insurance JVs

Nov 19, 2018 9:37am

China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and is even weighing giving them full ownership earlier than flagged, Reuters reports, citing people with knowledge...
Tesla starts taking Model 3 orders in China

Nov 19, 2018 9:02am

Tesla has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan (US$1,153), Reuters reports, citing information posted on the electric carmaker’s China website. Chief Executive Officer Elon Musk said,...
China mulls giving SOEs more autonomy

Ko Tin-yau - Nov 19, 2018 8:15am

The State-owned Assets Supervision and Administration Commission (SASAC), China’s top regulator of state assets, has vowed to loosen its grip on government-owned companies. Not long ago, Beijing was trying to boost the role of state firms...
Speculators return as China eases market curbs

Nov 16, 2018 3:26pm

Speculators are staging a forceful comeback in China’s stock market, bidding up shares in loss-making companies, as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses. In a bid to stop...
AlipayHK to launch QR code payment for MTR by mid-2020

Nov 16, 2018 12:22pm

Hong Kong’s MTR Corp. (00066.HK) is introducing QR code-based payments for travelling on the city’s railway and metro system, with AlipayHK selected as the service provider for an initial period. According to an agreement signed between...
Share buyback surge points to bottoming of HK equities

Eric Lui - Nov 16, 2018 10:57am

The Hang Seng Index has trended downward since hitting an all-time high at 33,484 on January 29. The benchmark is now more than 7,500 points, or 22 percent, off its peak. While market sentiment remains lackluster,...
Apple signs up film studio A24 for original productions: report

Nov 16, 2018 9:33am

Apple has inked a multi-year content deal with A24, the studio behind Oscar-winning projects “Moonlight” and “Amy”, Reuters reports, citing a source familiar with the matter. The partnership comes as the iPhone maker pushes deeper into...
China offer unlikely to spur trade breakthrough: US official

Nov 16, 2018 9:18am

China’s written response to US demands for trade reforms is unlikely to trigger a breakthrough at talks between Presidents Donald Trump and Xi Jinping later this month, a senior Trump administration official told Reuters on Thursday....
Tesla vows to deliver new Model 3 orders by year-end

Nov 16, 2018 9:15am

Tesla Inc. chief executive Elon Musk said Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, Reuters reports. “Tesla just acquired trucking capacity to ensure Model...
‘Virtual YouTuber’ Hoonie coming to Hong Kong

HKEJ - Nov 15, 2018 4:20pm

Of late, we have seen a new wave of virtual talents making their presence felt in the online entertainment scene in the region. Called “virtual YouTubers,” or “VTubers”, the entertainers, represented by digital avatars that look...

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WORLD

US-China relations: Stormy days ahead

Frank Ching - Nov 19, 2018 3:02pm

A reported decision by China and the United States for negotiators to meet in Buenos Aires ahead of a Dec. 1 summit between President Xi Jinping and Donald Trump suggests that the two sides feel that...
Rhapsody of robots

Dr. Winnie Tang - Nov 19, 2018 1:00pm

Recently I encountered five robots, with different functions, within seven days, reminding me that the robotic era is approaching. I recall that when my primary school teacher talked about dreams during my childhood, he said: “What...
Lessons from the superheroes created by Stan Lee and Jin Yong

Francis Fong - Nov 19, 2018 10:39am

Renowned martial arts novelist Louis Cha Leung-yung, better known by his pen name Jin Yong, and Stan Lee, the legendary writer, editor and publisher of Marvel Comics, passed away recently, but their works will live on....
China should cut income taxes to spur growth: Lou Jiwei

Nov 19, 2018 9:14am

China should cut corporate and personal income taxes to support the slowing economy amid a trade dispute with the United States, former Chinese finance minister Lou Jiwei said on Sunday. “There is room for cutting the...
APEC fails to agree on communique as US-China divide deepens

Nov 19, 2018 8:49am

Asia-Pacific leaders failed to agree on a communique at a summit in Papua New Guinea on Sunday for the first time in their history as deep divisions between the United States and China over trade and...

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Hong Kong

Will Chinese tourists in HK take the ‘secret hotspots’ bait?

Lingnan Garden, Tsz Shan Monastery, Cityplaza, Tamar headquarters. All these were on a list of secret hotspots that were circulated to Chinese netizens as recommendations for places to see in Hong Kong. Dubbed the...
German teen racer, 4 others injured in Macau Grand Prix crash

The Macau Grand Prix Formula 3 race on Sunday witnessed a terrible accident that caused spinal fracture to a young female driver and also left four others injured. Spectators reacted in horror as they saw...
Fugitive recaptured after escaping from Queen Mary Hospital

Police have rearrested a mainland man on the Wanted list after he escaped from a hospital on Friday, while also taking into custody two accomplices suspected to have helped him in his attempt to...
Benny Tai prepares for the worst as Occupy trial begins

As a courtroom trial begins of key leaders of the 2014 Occupy Central protests, a main figure behind the civil disobedience campaign has said he is preparing himself for a potential jail sentence. Benny...
Time to step up focus on professional, high-quality education

Ever since she took office in July last year, Hong Kong’s leader Carrie Lam Cheng Yuet-ngor has made sure that education remains on top of her policy agenda. For example, shortly after she moved...