Chinese man builds 300 creative, multifunctional cars inspired by childhood dreams
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South China Morning Post
3 hours ago
- South China Morning Post
Hong Kong to delve into new markets as firms lured to city hits 100: leaders
Hong Kong will step up efforts to lure foreign investment and venture into new markets amid geopolitical challenges and trade tensions, as it teams up with mainland Chinese businesses to seize opportunities abroad, the city leader has said. The vow by John Lee Ka-chiu on Sunday came as Financial Secretary Paul Chan Mo-po revealed that the Office for Attracting Strategic Enterprises (Oases) would soon announce the fifth batch of strategic enterprises establishing or expanding their operations in Hong Kong, an addition expected to take the total to about 100. Speaking ahead of his policy address scheduled to be delivered next month, Chief Executive Lee highlighted Hong Kong's strengths in convincing foreign businesses to expand their operations locally, while also helping mainland companies go global. As of July, the Companies Registry listed more than 1.5 million local businesses and over 15,000 non-local firms, a record, he noted. InvestHK, the city's investment promotion agency, had helped 1,333 companies establish or expand their operations in Hong Kong between January 2023 and last month, bringing in HK$174 billion (US$22.1 billion) in direct investment within their first year of operation while creating more than 19,000 jobs, he added. 'In the face of complex and volatile geopolitical challenges and the new trade landscape, we will not slow down but speed up steadily in attracting investment to bring more momentum to the local economy,' he wrote on social media.
South China Morning Post
4 hours ago
- South China Morning Post
China mum, 90, self-learns law to defend accused son in US$16 million extortion case
The 90-year-old mother of a defendant in a 117 million yuan (US$16 million) extortion case in China was so devoted to her son that she self-learned the law and appeared in court to defend him. The case was heard at Zhoushan Municipal Intermediate Court in Zhejiang province, eastern China, on July 30, the Huashang News reported. The defendant, a 57-year-old man known as Lin, was arrested in April 2023 for blackmailing a local entrepreneur surnamed Huang out of 117 million yuan, according to prosecutors. Nonagenarian He pours over legal documents so that she can defend her son in court. Photo: Weibo Huang was among the top 100 richest people in China in 2009, with a net worth of eight billion yuan (US$1.1 billion) at that time. Lin and Huang cooperated in the gas production business, but Huang often failed to pay on time, leading to the suspension of production at Lin's factory and severe losses. From 2014 to 2017, Lin and his accountant forced Huang to pay a total of 117 million yuan by threatening to tip the tax authorities off about his irregular practices. At the beginning of 2023, Huang reported Lin to the police for extortion.
South China Morning Post
4 hours ago
- South China Morning Post
Hong Kong exhibition explores cultural exchange between China and Mughal courts
The inclusion of rare jade, porcelain and natural history paintings in the latest exhibition at the Hong Kong Palace Museum reflects that cultural exchanges took place between the Chinese and Mughal courts in the 16th and 17th centuries, despite a lack of formal diplomatic ties during the period, according to the curator. The exhibition, titled 'Treasures of the Mughal Court from the Victoria and Albert Museum', opened on Wednesday and features more than 100 works of art, including jewellery, weaponry and architectural fragments. Mostly currently stored in the United Kingdom, the items are from the 1560s to the 1660s, a period considered the pinnacle of the Mughal dynasty under the reigns of three emperors: Akbar, Jahangir and Shah Jahan. According to Emily Hannam, curator of the South Asia collection at the Victoria and Albert Museum in London, the Mughals never established any diplomatic relations with China, but well-established sea routes and trade networks connected the two cultures. 'Indian merchants, particularly those from Gujarat and from Bengal, bought Chinese goods via Malaysia, including silks, musk, metals and of course porcelain. In return, China imported Indian goods including textiles, medicinal herbs, indigo, gemstones and pearls,' she said. The Muslim empire spanned much of modern-day South Asia — northern India, Pakistan, Afghanistan and Bangladesh — with its emperors being 'arguably the wealthiest rulers in the early modern world', according to Hannam.
