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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.
The fire at Wang Fuk Court killed 161 people. Photo: Jonathan Wong
Hong Kong’s Tai Po fire tragedy

Exclusive | Hong Kong surveyor’s undeclared role prompts rule review after deadly Tai Po fire

Arrested surveyor’s undeclared link to Wang Fuk Court triggers move from the government to tighten potential conflict of interest rules.

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Hong Kong’s Tai Po fire tragedy

Exclusive | Hong Kong ‘to release list of 161 fire victims’ as rehousing questions grow

Hong Kong economy

Exclusive | Is your PayMe history public? Hong Kong watchdog probes HSBC app privacy risks

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Family offices

Exclusive | Hong Kong favoured as wealth planning platform, bank CEO says

City’s stock market and incentives will continue to attract family offices from around Asia-Pacific, Bank of Singapore’s Hong Kong CEO says.

Rickie Chan, head of private banking for Greater China and CEO for Hong Kong at Bank of Singapore, poses for a photo on December 3, 2025. Photo: Enoch Yiu
Banking & finance

Exclusive | HKMA teams up with SFC, Insurance Authority to promote fintech over next 5 years

The HKMA is expanding the city’s generative AI sandbox to include other industries, chief executive Eddie Yue Wai-man says.

ByteDance

Exclusive | ByteDance to pour US$14 billion into Nvidia chips in 2026 as AI demand surges

Chinese unicorn’s computing needs have climbed across its portfolio of popular apps, cloud unit Volcano Engine and large language models.

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Hong Kong property

Exclusive | US anti-piracy firm Vobile buys top floor of Bank of America Tower at a discount

The Emmy-winning firm has bought the top floor of the US bank’s Admiralty office for US$25.4 million – more than 60 per cent below its peak.

The Bank of America Tower is a 38-floor skyscraper located in the Admiralty area of Hong Kong. Photo: Shutterstock
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

Figure marks a record for China’s tech giant, which will divest its US entity into a joint venture that includes Oracle and Silver Lake.

Science

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

China is catching up fast in mRNA-related fundamental research and technological development, Hu says.

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Leading mRNA immunologist Hu Haitao has joined the Chinese Academy of Sciences’ Institute of Microbiology in Beijing. Photo: Handout
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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A model of a nuclear-powered container ship is displayed at the Marintec China expo in Shanghai last week. Photo: China News Service/VCG via Getty Images
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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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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Regina Ip has been a lawmaker since 2008. Photo: Nora Tam
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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