Hong Kong Billionaire Li Ka-Shing sells property for $2.65 billion

Insights 10/02/22, 12:46

According to Forbes, on September 29, CK Asset Holdings, the flagship real estate firm of Hong Kong’s richest tycoon Li Ka-Shing, has recently made an unexpected announcement. It will sell one of Asia’s most expensive residential projects to a Singapore fund for $2.65 billion amid a slump in the economy. The ...

Facing heavy deficit, China invents a way to squeeze the rich: Expert

Insights 10/02/22, 12:22

Since the COVID pandemic began two years ago, a strict "zero-COVID" policy has been implemented in China, making it harder for local authorities to pay their bills. Recently, many cities on the mainland have been doing tax audits.  Hainan Province is the first to target high-income individuals for tax scrutiny. Hainan ...

Inside Hong Kong’s cage homes; Why do they exist?

Insights 10/02/22, 12:05

Hong Kong is a special zone with a free economy and has incredibly low taxes, minimum corporate tax, and no VAT; it attracts investors worldwide. As one of the four Asian tigers, Hong Kong people can be proud of their economic status. However, living in Hong Kong is more expensive than ...

‘Jeff Bezos of China’ faces sexual assault trial in the US

Insights 10/02/22, 11:52

Chinese billionaire Richard Liu will stand trial for charges brought in a lawsuit filed by a former University of Minnesota student. On the mainland, the tycoon is also known as Liu Qiangdong , founder and former CEO of Chinese e-commerce giant JD.com. Jury selection began on September 29 in Minneapolis. According to ...

Employment difficulty: Young Chinese have to pay to work

Social problem 10/01/22, 16:32

Official data shows that the unemployment rate for Chinese youth in July, especially those aged 16 to 24, hit 19.9%, the highest on record. Recently, there was a rumor that if you want to work at Hunan Television, you must pay a fee. In this regard, some netizens complained, "The ...

Global survey: Advanced economies hold strong negative views toward China

Insights 10/01/22, 11:42

According to a survey from Pew Research Center, global public opinion from advanced economies toward the Chinese Communist Party under Xi Jinping has turned "precipitously more negative". The survey states, "A large majority of Americans see China unfavorably amid concerns about China's policies on human rights, its partnership with Russia, and ...

Xi Jinping squashes rumors as he attends Martyrs’ Day event

Insights 10/01/22, 11:22

Chinese leader Xi Jinping attended a public event on the morning of September 30, further extinguishing rumors about a military coup that attempted to challenge his political power. According to state-media CGTN, 69-year-old Xi was at the wreath-laying ceremony at Tiananmen Square in Beijing. The ceremony commemorated Martyrs' Day, which comes ...