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South China Morning Post

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China-Kazakhstan grain-trading deal shows shifting Asian food order

In a move that could rattle global grain markets, China and neighbouring Kazakhstan – Central Asia’s largest grain producer and a key Belt and Road Initiative partner – agreed last week to establish a joint grain-trading platform during talks in Astana. The two sides also discussed long-term supply contracts, logistics hubs, dry ports and technology cooperation in storage and processing. Although full details remain limited, reports indicate the platform will be modelled on China’s state-managed...

RTHK News (Hong Kong)

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HK eyes logistics, finance role in Central Asia

The Hong Kong Trade Development Council (TDC) is urging local businesses to seize the abundant opportunities in Central Asia, as Chief Executive John Lee set off to the landlocked region on Sunday with dozens of high-level business representatives. The delegation will first visit Kazakhstan before heading south to Uzbekistan. In an interview with RTHK ahead of the trip, Bruce Pang, TDC's Director of Research, said that the resource-rich region opens up new supply chain corridors for Hong Kong, while the city can offer its expertise in logistics, finance and technology. "Most of the Central Asian countries are looking to upgrade their logistics systems, facilities and capacity," Pang said, noting that Hong Kong companies possess the "know-hows, knowledge and talent pools" in this field. The SAR's capital markets are equally attractive to Central Asian nations — Pang noticed companies are utilising various facilities to raise funds in Hong Kong, including IPOs and the issuance of dim sum bonds. He highlighted a recent dual listing of a mining firm in Hong Kong and Astana stock exchanges, while there are reports that Kazakhstan's state railway operator is eyeing a debut in the SAR. On research and development, Pang believed Central Asia's ambitious plans for digitalisation and artificial intelligence align with Hong Kong's strengths. "Hong Kong will be one of the hubs for research and development powerhouses," he said, adding that the city's talent pools can help the region meet its technology and ESG standards. He also believed Central Asia can help Hong Kong better position itself in the changing global trade landscape. "In the past several years ... more companies are using Central Asia as a gateway," Pang explained, noting the region is becoming a critical transit hub for goods moving between the East and West. The SAR duty visit signalled a strategic pivot, he said, while the TDC encouraged the local business community to view Central Asia not just as a source of commodities, but as a frontier market for high-value services. Edited by Raymond Yeung

South China Morning Post

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Beyond visitor numbers: Hong Kong must track the full worth of its art and culture

Hong Kong’s M+ museum recently signed a memorandum of understanding (MOU) with the Centre Pompidou in France, cementing a multi-year partnership that will cover collection, research and talent exchanges. This follows the 12 MOUs signed by the West Kowloon Cultural District Authority during this year’s International Cultural Summit – bringing its total international partnerships to 46. With billions of dollars being poured into mega-events, arts hubs and wider cultural initiatives, we are...

South China Morning Post

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Game over? Shake-up proposed for Hong Kong internet cafes offering overnight stays

In a bustling Hong Kong commercial district, some internet cafes are shifting beyond serving as gaming hubs for young people looking to spend a few hours hunched over a computer playing video games. Inside one such venue in Mong Kok, gamers can rent one of two private booths for about HK$200 (US$25.52) a night. With a look that can only be described as “emergency bunker”, the metal-walled rooms come equipped with a high-end gaming desktop, a sofa bed, budget-friendly food, and self-service...

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China-Kazakhstan grain-trading deal shows shifting Asian food order

HK eyes logistics, finance role in Central Asia

Beyond visitor numbers: Hong Kong must track the full worth of its art and culture

Game over? Shake-up proposed for Hong Kong internet cafes offering overnight stays