HKBU receives donation from KF KK Foundation for Greater Bay Area study program
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South China Morning Post
5 hours ago
- South China Morning Post
Beijing ‘stands firm' with New Delhi against ‘bully' US, Chinese envoy says
Beijing's top envoy in New Delhi on Thursday expressed strong support for India, citing the steep US tariffs imposed against the country, and called for 'teamwork' and 'collaboration' between the world's two most populous nations in standing up to the 'bully'. 'US imposed tariffs of up to 50 per cent on India. China firmly opposes it. Silence only emboldens the bully. China will firmly stand with India, uphold the multilateral trading system,' Ambassador Xu Feihong said. He said tariffs and trade wars are undermining the very free trade international system the US once benefited from, and accused Washington of wielding tariffs as a 'bargaining chip to demand exorbitant prices from various countries.' He made the remarks at the SCO Summit 2025: Resetting India-China Ties, organised by the Chintan Research Foundation, a New Delhi think tank. The rare show of solidarity comes against the backdrop of a turbulent global trade environment amid US President Donald Trump's aggressive tariff policies targeting both countries. Peter Navarro, a White House senior trade adviser, on Thursday slammed India as 'maharaja' of tariffs that has begun 'cozying up' to President Xi Jinping.
South China Morning Post
12 hours ago
- South China Morning Post
Hong Kong urged to quickly adopt residency rule for subsidised university spots
Hong Kong should immediately introduce a residency period for subsidised university degree places instead of gradually implementing it over two years, to prevent the dependants of non-local talent from exploiting the transition, a concern group has said. The call was issued in a petition from the Hong Kong Local Students Rights Concern Group, but was dismissed by the Education Bureau on Wednesday night, with authorities arguing it would take time to prepare for the city's university entrance exams. The bureau also said it believed that the children of non-local talent would not rush to sit the Diploma of Secondary Education (DSE) exams before the transition period ended. Last month, the government announced that such children would be required to stay in Hong Kong for at least two years to become eligible for resident student benefits at publicly funded tertiary education institutions, as part of efforts to prevent abuse. Authorities said that eligibility would be tightened over a transition period, with a one-year residency requirement to be introduced for the 2027-28 academic year, before the threshold rose to two years for 2028-29, to give people a reasonable amount of time to make plans. The coming policy means candidates sitting their DSE exams next year will be unaffected, while students taking the assessments in 2027 would only be subject to a one-year residency requirement.
South China Morning Post
12 hours ago
- South China Morning Post
India to ban ‘harmful' online money games, threatening US$3.6 billion industry
India 's parliament on Thursday passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi 's government flagged the high risk of financial harm. The sudden ban has shocked an industry backed by venture capital firms like Tiger Global and Peak XV Partners and which was set to be worth US$3.6 billion in India by 2029. Executives fear imminent job losses and a complete shutdown of many app-based businesses, which attracted billions from foreign investors. The bill prohibits 'harmful' online money gaming services, advertisements and financial transactions related to them, with the government also citing the psychological harm they can cause. 'It is the duty of the government and the parliament to take strict action against social evils, which keep erupting time and again,' federal IT minister Ashwini Vaishnaw said in parliament on Thursday. India's upper house of parliament passed the Promotion and Regulation of Online Gaming Bill 2025 after the lower house cleared it earlier this week. The president must sign the bill into law, which, although there is no set date, is considered a formality.
