Agnes Sui-kuen Chan: Latest Articles, Analysis and Profile
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Agnes Sui-kuen Chan, BBS, is chairman of the Hong Kong General Chamber of Commerce, a CPPCC member and senior adviser at EY. She has over 30 years of experience in tax and business advisory and is a keen advocate for deepening Hong Kong's international exchanges and cross-border economic cooperation, particularly within the GBA.
Agnes Sui-kuen Chan, BBS, is chairman of the Hong Kong General Chamber of Commerce, a CPPCC member and senior adviser at EY. She has over 30 years of experience in tax and business advisory and is a keen advocate for deepening Hong Kong's international exchanges and cross-border economic cooperation, particularly within the GBA.
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South China Morning Post
an hour ago
- South China Morning Post
China's orchard of AI, chip grads now ripe for the pickin' as tech trade sours
When Jack Wang enrolled as an undergraduate in microelectronics at a prestigious Chinese university, the year was 2019, and China was in the early days of its trade war with the United States. Advertisement Looking back, his decision to focus on the field revolving around the design and manufacture of hi-tech microchips has proved prescient. Today, it complements Beijing's aspirations to make world-leading semiconductors amid Washington's amped-up efforts to curtail China's technological progress. Indeed, the sector has grown by leaps and bounds in the six years since Wang laid out his focus of study, and it now serves as the backbone for artificial intelligence (AI) advancements. 'I realised that this industry was booming, and AI had been kind of popular back then – it just wasn't as capable as it is today,' he said. 2019 was also the year that China's Ministry of Education approved the first batch of AI majors at 35 universities, following an action plan in 2018 that sought to turn Chinese universities into global talent hubs leading the development of next-generation AI by 2030. Advertisement Today, more than 535 universities in China offer AI-related majors, and nearly half of the world's top AI researchers are from the country, according to recent findings by Morgan Stanley. That massive pool of AI talent, in a nation of 1.4 billion people, is giving China a competitive edge in the field that has become a defining battleground in global technological and geopolitical competition, researchers and industry professionals say.
South China Morning Post
6 hours ago
- South China Morning Post
China ‘respects Panama Canal neutrality' amid warning over CK Hutchison deal
China's foreign ministry has said it respects Panama's sovereignty and recognises its canal as a neutral international waterway, after the head of the strategic channel warned that the CK Hutchison ports deal could jeopardise its impartiality. Advertisement Panama Canal Authority administrator Ricaurte Vasquez said in an interview published on Tuesday that CK Hutchison Holdings' US$23 billion deal to sell its overseas ports to a consortium led by US investment giant BlackRock and shipping firm MSC could result in a concentration of operators that would be 'inconsistent with neutrality'. He also reportedly said that a request from the US government to allow its ships to pass through the canal free of charge was not feasible under the waterway's current regulations, while suggesting the authority should become a terminal operator itself. Responding to a question about recent reports on the matter, Lin Jian, the spokesman for China's Ministry of Foreign Affairs, said on Wednesday that Beijing had always firmly opposed economic coercion, domineering and bullying. 'On the navigation of relevant country's vessels, China will, as always, respect Panama's sovereignty over the canal and recognise the canal as a permanently neutral international waterway,' Lin said. Advertisement 'We support Panama's effort to uphold independence and firmly defend its lawful rights and interests as an independent sovereign country.'
South China Morning Post
7 hours ago
- South China Morning Post
Alibaba's Joe Tsai says open-sourcing its AI models will boost firm's cloud business
Alibaba Group Holding chairman Joe Tsai said that open-sourcing large language models (LLMs) would spur a surge in artificial intelligence (AI) applications and boost demand for cloud computing, as the company refines the focus of its sprawling business empire after 'a period of huge ordeal'. One reason Alibaba has opted to open-source its Qwen models is that it 'democratises the usage of AI' and 'proliferates applications', which would contribute to the company's cloud computing business, Tsai said at the VivaTech trade show in Paris on Wednesday. 'The way we benefit from open source is that … it will drive demand for AI, it will drive training needs, and we see in the future a lot of needs for inference,' he said. Alibaba, owner of the South China Morning Post, has made substantial investments in AI and cloud computing alongside its main e-commerce operations, following a sweeping restructuring initiative launched two years ago to streamline its vast empire. Visitors attend the Vivatech fair, one of Europe's biggest tech industry shows. Photo: AP A vibrant consumer internet landscape in China, combined with a competitive culture among local engineers, is driving the country's AI innovation, according to Tsai.
