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1. BYD to build new factories in Europe to beat trade barriers aimed at Chinese EVs
China’s BYD will build new factories in Europe for a bigger market share, as the world’s largest electric vehicle (EV) maker faces fiscal support pullback at home and rising trade barriers overseas,...
ICBC share prices diverge after first parallel listing
By Carol Chan
This article was first published on October 28, 2006
Shares of Industrial and Commercial Bank of China jumped a relatively modest 14.7 per cent on their Hong Kong debut and a lacklustre 5.1 per cent in Shanghai as the world’s largest-ever initial public offering finally came to market.
The debut immediately catapulted China’s largest lender into the top ranks of global banks as measured by market capitalisation. It seized the...
Washington has suspended visa-free entry for Chinese visitors to the Northern Mariana Islands amid allegations of birth tourism and people smuggling in the US territory. The Department of Homeland Security (DHS) announced on Monday the suspension of the Commonwealth of the Northern Mariana Islands Economic Vitality and Security Travel Authorization Program. US Senator Mike Lee hailed the move on social media, calling the program a "Biden-era loophole for Chinese birth tourism" and praising the Trump administration for having "closed" the pathway. The program, also known as EVS-TAP, allowed pre-screened Chinese nationals to visit the islands for up to 14 days without a US visa. Under the new decision, existing authorizations will be cancelled from October 30, although Chinese nationals already in the Pacific Ocean territory may complete their authorized stays. More than 3,000 Chinese nationals entered under EVS-TAP in financial year 2025. The DHS said it had found "good cause" to suspend the program as "PRC [People's Republic of China] nationals are almost certainly exploiting EVS-TAP". It
Washington has suspended visa-free entry for Chinese visitors to the Northern Mariana Islands amid allegations of birth tourism and people smuggling in the US territory. The Department of Homeland Security (DHS) announced on Monday the suspension of the Commonwealth of the Northern Mariana Islands Economic Vitality and Security Travel Authorization Program. US Senator Mike Lee hailed the move on social media, calling the program a "Biden-era loophole for Chinese birth tourism" and praising the Trump administration for having "closed" the pathway. The program, also known as EVS-TAP, allowed pre-screened Chinese nationals to visit the islands for up to 14 days without a US visa. Under the new decision, existing authorizations will be cancelled from October 30, although Chinese nationals already in the Pacific Ocean territory may complete their authorized stays. More than 3,000 Chinese nationals entered under EVS-TAP in financial year 2025. The DHS said it had found "good cause" to suspend the program as "PRC [People's Republic of China] nationals are almost certainly exploiting EVS-TAP". It
Hong Kong might have grown accustomed to treating seasonal influenza as a temporary inconvenience rather than a public health menace as the virus comes and goes every year. But with a lower vaccination uptake and a raging and longer-than-expected summer outbreak this year, the same business-as-usual response is hardly the right defence. Members of the public, especially high-risk groups, should waste no time coming forward for the jabs as local health authorities put the city on alert.
Officials...