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SCMP Exclusives

SCMP Exclusives
The latest news, analysis and opinion on SCMP Exclusives. In-depth analysis, industry insights and expert opinion.
Shanghai Commercial Bank CEO Wallace Lam. Photo: Jonathan Wong
Banking & finance

Exclusive | Old lender, new twist: Shanghai Commercial Bank teams up with HashKey on card

The 75-year-old lender will work with the newly listed digital asset exchange to issue a co-branded Visa card for HashKey traders.

TikTok

Exclusive | TikTok owner ByteDance’s valuation hits US$500 billion as US plan advances

Science

Exclusive | ‘No need to explain’: leading mRNA vaccine expert Hu Haitao leaves US for China

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Accounting and auditing

Exclusive | Hong Kong to see more debt restructuring, liquidations amid weak economy: expert

Derek Lai says firms are more willing to engage professionals to address their debt problems, increasing the chance of a successful result.

It is the right time to build a high-quality restructuring team to help corporations that need rescue, says Derek Lai. Photo: Enoch Yiu
Hong Kong property

Exclusive | Rosewood hotel brand of Hong Kong’s Chow Tai Fook is not for sale, sources say

The prestige brand has delivered ‘exceptional’ results, sources say, while suggesting that certain properties might be available.

Hong Kong’s Tai Po fire tragedy

Exclusive | Hong Kong steps up probes, crackdown on firms linked to Wang Fuk Court blaze

Investigation into blaze that killed at least 160 people focuses on complex web of liability involving project’s key stakeholders.

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Hong Kong’s Tai Po fire tragedy

Exclusive | Indonesian team aims to get bodies of helpers killed in Hong Kong fire home soon

Filipino envoy in city also says Manila can move ‘quickly’ once Hong Kong has processed the necessary papers for worker killed in blaze.

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Domestic helpers mourn victims of the fire. Photo: Karma Lo
Made in China 2025

Exclusive | China’s oldest shipyard Jiangnan plans world’s first nuclear-powered vessel

Construction on 25,000-container ship could start in the next 10 years, but a lot remains to be done, a top executive says.

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Hong Kong’s Tai Po fire tragedy

Exclusive | Indonesian helper’s terrifying 3-hour ordeal as fire ravaged Hong Kong estate

Olive says she and her employer’s elderly parents spent an agonising three hours trapped in a smoke-filled bedroom before they were rescued.

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Hong Kong’s Tai Po fire tragedy

Exclusive | Hong Kong scaffolding net sample ignites in test despite passing safety standards

Findings from test commissioned by Post prompt calls to review standards set for nets and improvements to safety regulations.

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Workers remove scaffolding nets at Sui Wo Court in Fo Tan. Photo: Dickson Lee
Banking & finance

Exclusive | Mainland bank apps beat those in Hong Kong and Singapore, study says

Strong competition from non-bank players in mainland market forces banks to improve continuously, consulting firm Sia says.

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No banking apps in Asia cracked the global top 10 in the eighth edition of Sia’s study. Photo: Shutterstock
IPO

Exclusive | Meet the Illinois farmer sowing the seeds of the world’s biggest IPOs of 2026

Jeff Rowe, a fifth-generation Illinois farmer, runs a Chinese-owned Swiss company in Basel that is aiming for one of the world’s largest IPOs in Hong Kong, due in 2026.

Art

Exclusive | Tai Kwun art head Pi Li to step down for new role in Shenzhen

Tai Kwun is closing in on a successor for Pi, who leaves in February after his contract at the Hong Kong heritage and arts centre expires.

Hong Kong’s Tai Po fire tragedy

Exclusive | ‘Market is rotten’: Hong Kong fire exposes greedy building renovation business

Skyrocketing costs and stock of old estates turn an industry rife with bid-rigging and collusive conduct into a gold mine, experts say.

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Wang Fuk Court had been undergoing extensive renovation work. Photo: Eugene Lee
Hong Kong’s Tai Po fire tragedy

Exclusive | What is role of property management giant ISS at blaze-ravaged Hong Kong estate?

ISS EastPoint played a pivotal role in HK$330 million renovation of Wang Fuk Court and knew about defects in fire safety system as early as May.

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Fire rages through the residential blocks of Wang Fuk Court in Tai Po. Photo: Dickson Lee
China-Japan relations

Exclusive | Beijing freezes Japan youth exchange programmes over Takaichi Taiwan row

All youth programmes have been called off, diplomatic source says, as ties between the two countries fray.

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Hong Kong’s Tai Po fire tragedy

Exclusive | Hong Kong contractor for fire-hit Tai Po project has record of safety offences

Prestige Construction fined twice for offences in Mid-Levels project in 2023 before taking on renovation work in Tai Po, Post learns.

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Artificial intelligence

Exclusive | Baidu cuts jobs, restructures AI teams after loss-making quarter

The staff cuts come after the company posted a loss-making third quarter, despite reporting a 50 per cent jump in AI-related revenue.

The Baidu logo is displayed on a mobile phone screen. Photo: Shutterstock Images
Hong Kong politics

Exclusive | Hong Kong comeback queen Regina Ip reflects on 50-year career in public service

After bringing a 17-year stint as a lawmaker to a close, Regina Ip also reveals her behind-the-scenes struggles that led to her decision.

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The Football Association of Hong Kong, China

Exclusive | Hong Kong football boss Westwood to leave job days after Singapore defeat

Source says head coach to go after 15 months in the post, with departure tied to failure to qualify for 2027 Asian Cup finals in Saudi Arabia.

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US-China trade war

Exclusive | Top Democrat demands US probe into Chinese firms potentially supplying Nexperia

Letter by Raja Krishnamoorthi to US Commerce Department claims wafers made by China-based suppliers pose safety and reliability concerns.

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The head office of Chinese-owned chipmaker Nexperia in Nijmegen, Netherlands. A senior US Democrat has questioned the reliability of four Chinese semiconductor firms supplying the Dutch chipmaker. Photo: AP
China-EU relations

Exclusive | EU set to probe Chinese robotic lawnmowers in escalating trade dispute: sources

Anti-dumping investigation could cut into Chinese exports, trimming their foothold in European market while mowing down trade ties.

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China has been selling more robotic lawnmowers to Europe, and at relatively higher prices, according to customs data. Photo: Getty Images
Banking & finance

Exclusive | China’s sovereign fund sidelines executives amid worries over US scrutiny

China Investment Corporation has reassigned three department heads and delayed its 2024 report amid US pressure on foreign inflows.

Open Questions series

Open Questions | China’s weak consumption and how economist Lu Feng would fix it

With 15th five-year plan promoting consumption, Peking University expert spells out imbalances and contradictions in Chinese economy and ways to resolve them.

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Banking & finance

Exclusive | Standard Chartered tailors UAE offerings for wealthy Chinese residents

The United Arab Emirates is a growing hub for people who come to work, set up family offices and start businesses, bank’s wealth CEO says.

The bank’s moves in the UAE align with its overall strategy to promote wealth management as its growth engine. Photo: Jelly Tse
Thailand

Exclusive | Thailand’s top diplomat calls for Asean to rethink non-interference principle

In an exclusive interview, Thai Foreign Minister Sihasak Phuangketkeow argues Asean’s consensus model needs reform amid US-China rivalry.

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Thailand’s Foreign Minister Sihasak Phuangketkeow speaks on the sidelines of the 47th Asean Summit in Kuala Lumpur, Malaysia, on October 26. Photo: Reuters
US-China relations

Exclusive | Democrats demand to know whether Trump-Xi Nexperia deal blindsided Europe

Letter says EU officials ‘appeared unaware of reported breakthrough’ when engaging with Dutch chipmaker and Chinese trade representatives.

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Hong Kong economy

Exclusive | Hong Kong and Shanghai are ‘not just rivals’: US business chamber

American Chamber of Commerce president in Shanghai Eric Zheng says Hong Kong will help connect Western investors and mainland China for decades.

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