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Breaking China, Asia, HK News, Opinions and Insights

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Elon Musk, Michael Miebach are joining Trump at Apec. What about Jensen Huang?

Nvidia chief’s attendance in doubt amid foreign intelligence investigation, as Beijing blasts allegation as ‘unsubstantiated’.

9
Tesla CEO Elon Musk joined the delegation accompanying US President Donald Trump’s state visit to Beijing in May. Photo: Reuters

Big Tech

‘Just personal matters’: Chinese GPU traders shrug off impact of Nvidia scandal

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Nvidia CEO Jensen Huang has admitted to an extramarital affair, amid reports he was targeted by a foreign intelligence operation. Photo: AFP

Politics

Hong Kong civil servants to be given 12 hours of family care leave a year

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Hong Kong’s new family care leave scheme will allow civil servants to take time off for family needs, including medical appointments and household emergencies. Photo: Karma Lo

Economic Indicators

China’s imports outpace exports in October as trade surplus passes US$1 trillion

Exports rose 35.2 per cent year on year last month, while imports grew by 41.6 per cent, customs data shows.

An overseas buyer chats with a shoe exhibitor at the China Import and Export Fair, also known as the Canton Fair, in Guangzhou, Guangdong province, last week. Photo: Xinhua

Politics

Nvidia’s Jensen Huang scandal casts shadow over South Korea’s chip ‘bromance’

The scandal surrounding the Nvidia CEO risks delaying data centre roll-outs and accelerating White House restrictions on Korean chip giants.

Nvidia CEO Jensen Huang (right) toasts with South Korean tech chiefs - including SK Group Chairman Chey Tae-won, LG Group Chairman Koo Kwang-mo and Naver Chairman Lee Hae-jin - over a casual dinner in Seoul in June. Huang’s informal diplomacy and warm ties with South Korea’s chip leaders now face uncertainty amid an escalating controversy. Photo: Yonhap/Reuters

Banking & Finance

Richard Li’s FWD sets world record with sale of US$318m life policy

Topping previous record by Manulife Singapore, sale highlights Hong Kong’s global status in wealth management, says broker Charles Monat.

A view of FWD’s office in Taikoo Place, Hong Kong. Photo: Handout

Companies

FedEx adds new US-China cargo flights ahead of Xi-Trump meeting

New cargo routes will serve AI and semiconductor supply chains at a time when Beijing and Washington are seeking to preserve a fragile trade truce.

FedEx, one of the world’s largest express transportation companies, has expanded its China-US links with new cargo flights. Photo: FedEx

Business

UK talent connect with Hong Kong and mainland China employers at London career showcase

In partnership with:Hong Kong Talent Engage
Professionals based in the United Kingdom meet Hong Kong and mainland Chinese employers from industries such as banking and finance, innovation and technology, engineering and construction at last month’s Hong Kong ‧ Global Talent & Career Showcase in London.

Asia

Singapore firm in Nvidia scandal, Bangladesh garment woes: 7 Asia highlights

From Jenson Huang’s scandal ensnaring a Singapore firm to a Prabowo-Widodo rift, here are a few highlights from SCMP’s recent Asia reporting.

Alice Huang (right), a Chinese executive linked to the data centre company called Megaspeed, attends a dinner hosted by Nvidia chief Jensen Huang (left) at a restaurant in Taipei on May 22, 2025. Photo: CTI via AFPTV/AFP

China Economy

Pricing, financing hinder EU rare earths push as China extends controls pause

European industry welcomes changed mindset in Brussels but says unreliable pricing, wary investors and differing national rules are hurdles.

Workers make lithium batteries for domestic and international clients at a factory in Nantong, Jiangsu province. Photo: VCG via Getty Images)

Policy

How China is expanding the yuan’s reach in Africa despite adoption obstacles

Beijing eases yuan payments for African infrastructure projects, but debt, liquidity and regulatory barriers persist, analyst says.

Chinese workers stand along a rail line under construction in Nairobi, Kenya. Photo: AFP

Military

China uses military drones, heavy-lift and C909 planes in huge forest fire drill

More than 1,600 personnel and 40 aircraft reportedly took part in the exercise simulating a wildfire in mountainous Chongqing.

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An AG600 Kunlong amphibious aircraft in action during Monday’s drill in southwest China. Photo: CCTV

United States & Canada

California billionaire tax measure defeated in contentious vote

Prop 40 rejected despite Democratic midterm surge as voters balk at first-in-nation wealth levy.

Supporters of California's Proposition 40 rally in August. Voters defeated the landmark wealth tax on Monday. Photo: TNS

Diplomacy

Trump recounts pilots’ ‘very strange’ UFO stories but says he remains sceptical

US leader throws spotlight back on reports of extraterrestrial encounters during interview on Sunday news programme 60 Minutes.

US President Donald Trump says F-22 pilots told him of a round object that travelled past them at three times their speed. Photo: US Department of Defence

Health & Wellness

Does hot lemon and ginger cola really help with cold and flu symptoms?

Experts weigh in on the uniquely Hong Kong remedy, including the traditional Chinese medicine perspective and how the drink became popular.

Hot cola with lemon and ginger is a drink commonly served at Hong Kong's traditional cha chaan teng cafes that is believed to have medicinal properties, but does it really? Experts weigh in. Photo: May Tse

Society

Paragliding group backs compulsory registration after self-taught pilot’s crash

Hong Kong Paragliding Association had known about pilot’s lack of proper training nine months before accident that injured three hikers on Sunday.

The Government Flying Service dispatched a helicopter to Ngong Ping on Sunday to transport the injured hikers to Ruttonjee Hospital in Wan Chai. Photo: Handout

Lifestyle & Culture

Eurovision makes historic Asian debut, but will Gen Z fans tune in?

Organisers of the 11-country contest are hoping to tap Asia’s fan culture and love of music while sidestepping gaffes and controversies.

A woman walks past a monitor displaying an image of Toc Tien, Vietnam’s entry for the inaugural Eurovision Song Contest Asia, outside the One Bangkok Forum venue in Bangkok on Saturday. Photo: AFP

Companies

As 1 mainland Chinese chip IPO soars, another stumbles in busy Hong Kong week

Mixed debuts for two chip suppliers show investors remain selective despite a pickup in listings.

The latest listings point to a modest revival in primary market activity in Hong Kong. Photo: Jonathan Wong

Diplomacy

In Focus | Escaping Russia’s web: Central Asia caught between Chinese networks, US curbs

Powers including Beijing, Washington and Moscow are competing to supply the region with the energy infrastructure needed to power AI.

Illustration: Henry Wong
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Business

China’s EV exports surge 145% as Iran war drives up overseas demand

China’s electric vehicle exports soared to a record high in October, as high petrol prices lead drivers around the world to go electric.

Electric cars are lined up ready to be exported at a port in eastern China’s Shandong province. Photo: Xinhua
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People

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Banking & Finance

Richard Li’s FWD sets world record with sale of US$318m life policy

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