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South China Morning Post

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국방

China’s futuristic stealth sub to boost ‘hunt-and-kill’ capabilities: experts

China is aiming to boost its “hunt-and-kill” capabilities with a new submarine that boasts futuristic features, according to Chinese analysts. A submarine that appeared to lack a traditional fin was being built at the Jiangnan Shipyard in Shanghai, France-based Naval News reported on Wednesday, citing Vantor satellite images dated June 1. A submarine’s fin is a tower on its topside, usually used for observation and communications. Analysts said a finless design could boost the craft’s stealth,...

South China Morning Post

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IT/기술

Trump’s AI order seeks security safeguards without slowing race with China

US President Donald Trump signed a long-awaited executive order on artificial intelligence (AI) on Tuesday, which asked technology companies to voluntarily share advanced models before they are released, signalling a shift in the administration’s largely laissez-faire approach to the industry. The voluntary framework allows the government to vet powerful new AI systems up to 30 days before their public release, but stops short of mandating review regulations, which were reportedly considered. It...

RTHK News (Hong Kong)

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기타

HK tops world in cross-border wealth management

Hong Kong has overtaken Switzerland as the world's largest cross-border wealth hub for the first time, fuelled by capital inflows from the mainland as well as a fundraising boom in the city, according to a report by Boston Consulting Group (BCG). In its 2026 Global Wealth Report, the group noted that wealth managers booked US$2.95 trillion worth of international assets in the SAR last year, up almost 11 percent year on year. That narrowly surpassed Switzerland's US$2.94 trillion in cross-border wealth during the same period, which rose by 7.6 percent year on year. Both Hong Kong and Singapore are projected to continue growing as cross-border booking centres at around nine percent annually through 2030, compared with an expected six percent average for Switzerland over the same period. This, BCG projects, would widen the gap between the SAR and Switzerland to almost US$600 billion by 2030, supported by the mainland's strong manufacturing capacity, a revival in the SAR's initial public offering (IPO) market, as well as Asia's rapidly growing wealth. “Hong Kong is cementing its role as China’s gateway to global markets, though that same concentration ties its trajectory tightly to economic and regulatory developments on the mainland,” the authors said. “[Meanwhile], geopolitical uncertainty reaffirms Switzerland’s role as a core global booking centre, attracting flight-to-safety flows from more volatile regions such as the Middle East,” BCG said, adding that Switzerland would continue to draw clients from all regions. Commenting on the report, Financial Secretary Paul Chan said the country's national 15th Five-Year plan clearly indicated support for Hong Kong to strengthen its role as an international asset and wealth management centre, which also is the backbone of the city's "finance plus" strategy. He added the rapid development in industries including innovative technologies and artificial intelligence has led to an increase in wealth and he believes the demand for wealth management services on the mainland and throughout Asia would continue to grow, which would benefit relevant industries in the city. He said the SAR government would continue to seize opportunities to consolidate the city's status as a global financial centre and attract more wealthy individuals and family offices to set up shop here. According to the report by BCG, cross-border wealth globally rose 8.4 percent to US$15.7 trillion last year, driven by increasing demand for geographical diversification.(Additional reporting by Reuters) Edited by Tony Sabine

South China Morning Post

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정치

China’s date with once-sanctioned Dutch trade minister on cards for early July: source

A Dutch minister who was previously sanctioned by Beijing will lead a business delegation to China in early July, according to a source familiar with the planning, as the two nations navigate thorny bilateral issues such as newly proposed US export curbs on ASML chipmaking tools and the Nexperia ownership debacle. Sjoerd Sjoerdsma, who was recently removed from Beijing’s sanction list, will lead a four-day visit starting on July 6 with stops in Beijing and Shanghai. In the capital, the...

Hong Kong Free Press

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사회

Eyes in the sky: Hong Kong police tackle petty crime with drone patrols, but privacy concerns linger

Several times a day, a drone carrying high-capacity cameras and flashing red-and-blue lights whirs and rises from the rooftops of police stations across Hong Kong. They emerge from a box-shaped docking system that slowly unfolds its doors to both sides. Some hover over the city’s billion-dollar villas with private pools and tennis courts; others whizz […]

South China Morning Post

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IT/기술

DeepSeek V4 Pro tops global bang-for-buck ranking after 75% price cut

Chinese artificial intelligence start-up DeepSeek’s latest flagship model has been ranked as one of the world’s best on an intelligence-per-dollar basis, far exceeding those from US heavyweights OpenAI and Anthropic in cost-efficiency after a 75 per cent promotional price cut was made permanent. The Hangzhou-based start-up announced the permanent price cut for its V4 Pro model on Saturday, a month after it released the long-awaited V4 generation, which comprises the flagship V4 Pro model and its...

뉴스

타임라인 키워드

China’s futuristic stealth sub to boost ‘hunt-and-kill’ capabilities: experts

Trump’s AI order seeks security safeguards without slowing race with China

HK tops world in cross-border wealth management

China’s date with once-sanctioned Dutch trade minister on cards for early July: source

Eyes in the sky: Hong Kong police tackle petty crime with drone patrols, but privacy concerns linger

DeepSeek V4 Pro tops global bang-for-buck ranking after 75% price cut