• Friday
  • July 11, 2014
  • Last updated: 2:50pm
Hong Kong

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How do rich Chinese elude foreign exchange laws to move their money abroad? Take your pick of ways

Chinese law limits individual citizens to the equivalent of US$50,000 per year in foreign exchange, meaning that anyone who wants to spend more than that overseas must look for alternative ways to move money out.

Friday, 11 July, 2014, 1:43pm 6 comments

UK report on Hong Kong 'avoids embarrassing Beijing'

Pan-democratic lawmakers have slammed Britain's report on Hong Kong as "weak" and "avoiding embarrassing Beijing" after it did not express a view on Beijing's white paper asserting its authority over the city.

11 Jul 2014 - 12:36pm 13 comments More on Beijing White Paper 2014

Gaza bloodshed spirals as US offers to broker ceasefire between Israelis and Palestinians

Israeli warplanes on Friday kept up deadly raids on Gaza but failed to stop Palestinian militants firing rockets across the border, as Barack Obama said US was willing to broker a ceasefire.

11 Jul 2014 - 1:59pm

Crying Japanese politician who became internet sensation to quit over expenditure scandal

An assemblyman in western Japan’s Hyogo Prefecture, whose hysterical weeping at a press conference was widely circulated on the internet, offered to resign on Friday over his dubious spending of public funds, sources said.

11 Jul 2014 - 2:27pm

US sentences ‘greedy’ chemical engineer to 15 years in prison for selling trade secrets to China

A US federal judge on Thursday sentenced a California chemical engineer to 15 years in prison and fined him US$28.3 million for selling China a secret recipe to a widely used white pigment.

11 Jul 2014 - 1:08pm

US Treasury secretary leaves talks with China pledge to reduce currency intervention

US Treasury Secretary Jack Lew praised the annual dialogue with his Chinese counterparts as "good and productive", after Beijing agreed to reduce intervention in the currency market as conditions permit.

11 Jul 2014 - 4:36am

Overloading blamed as Hunan school minivan falls into pond killing 11, including 8 children

Update

Eight kindergarten pupils and three adults died in central China after the minivan they were in crashed into a pond, state media reported on Friday.

11 Jul 2014 - 11:15am 1 comment

Birth rate holds steady after one-child policy eased, but there won't be further easing

The birth rate has remained stable following the mainland's easing of the one-child policy, a senior official in charge family planning has said. But the authorities would not allow all parents to have a second child.

11 Jul 2014 - 2:00pm 2 comments

China and US agree to be more open about their military activities

Beijing and Washinton pledge to keep each other better informed of major military activities and launch consultation on rules of behaviour in military and maritime affairs as they seek to contain conflicts.

11 Jul 2014 - 11:42am 6 comments

John Kerry warns China about hacking's 'chilling' effect on business

US Secretary of State John Kerry yesterday denounced the "chilling effect" of internet hacking on American businesses as he wrapped up two days of high-level talks with Chinese government officials.

11 Jul 2014 - 8:28am 1 comment

From one soccer fan to another: Xi gives Merkel tapestry of emperor playing early form of game

11 Jul 2014 - 11:39am 2 comments

Baby girl thought to have been 'cured' of HIV has tested positive in relapse

11 Jul 2014 - 2:34pm

32 people jailed in Xinjiang for 'downloading and spreading terrorist videos'

11 Jul 2014 - 2:23pm

Fears of fraud as Indonesia awaits presidential election results

11 Jul 2014 - 12:27pm

Academics at Chinese Academy of Social Sciences assessed on ideological purity

11 Jul 2014 - 9:19am

Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

11 Jul 2014 - 7:59am 14 comments

World Cup arena awaits its second act in Brazil's Amazonas city of Manaus

11 Jul 2014 - 4:16am

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11 Jul 2014
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Leader

Hong Kong should be truly inclusive

11 Jul 2014 - 11:28am 2 comments

Sino-German ties show the benefits of being pragmatic

11 Jul 2014 - 8:54am 1 comment

Today's Poll

  • Yes: 89%
  • No: 11%
11 Jul 2014
  • Yes
  • No
Total number of votes recorded: 116

Insight

Put the land back in Hong Kong farmers' hands

FEINI TUANG

Hong Kong has long branded itself "Asia's world city", with some justification. It was ranked first in Ernst and Young's 2012 Globalisation Index, and leads the world in the trend towards greater integration of goods and services, technology and capital.

11 Jul 2014 - 4:04am 9 comments

Videos

China Insider

TECHNOLOGY

Xiaomi teases its next smartphone, due for release July 22

10 Jul 2014 1 comment
CULTURE

How a Chinese government decree could take the glimmer out of Vienna's Golden Music Hall

10 Jul 2014 1 comment
HISTORY

First Chinese government delegation to commemorate China’s WW1 dead in France

10 Jul 2014 1 comment
CRIME

'I strangled her by accident in a blindfolded pillow fight': A killer’s explanation that only Beijing’s high court buys

9 Jul 2014 25 comments
TECHNOLOGY

Xiaomi founder Lei Jun donates HK$93 million worth of stocks to employees

8 Jul 2014 1 comment
CENSORSHIP

Outspoken commentator Li Chengpeng silenced on Chinese social media

8 Jul 2014 3 comments
FOREIGN RELATIONS

Indian PM Modi praised for rebuffing China’s power play on Brics development bank

8 Jul 2014 16 comments
RELIGION

Hong Kong's Cardinal Joseph Zen asks Pope Francis not to visit China

4 Jul 2014 24 comments
TAIWAN

Women's groups criticise Taiwanese advert for 'promoting large breasts as a beauty standard'

7 Jul 2014
CENSORSHIP

Weibo more heavily censored during Hong Kong's July 1 march than on Tiananmen anniversary

4 Jul 2014
ENVIRONMENT

Let it breathe: Beijing considers 'wind tunnels' design for the city to combat smog

2 Jul 2014 5 comments
TAIWAN

Meet 'Square Head Bro', the Taiwanese man with the blockhead hairstyle

4 Jul 2014 1 comment
HEALTH

Drinking your own urine: The unorthodox Chinese 'miracle cure'

2 Jul 2014 16 comments
EDUCATION

School dropouts in rural China could be as high as 20 million, says study

1 Jul 2014

Business

INSURANCE

Hairy crab farmers get hot-weather insurance

China’s insurance market is developing fast, with policies covering life, cars, property, pets and – hairy crabs.

Mainland crab farmers can now insure the crustaceans to protect a business worth an estimated 450 million yuan (HK$565 million) a year.

11 Jul 2014 - 11:59am
UNCERTAINTY

Acknowledge what you don’t know, says Nobel economist

Policymakers and business leaders need to embrace the unknown if they want to make better decisions, and not be afraid of publicly saying, “I don’t know”, Nobel economics laureate Lars Peter Hansen said.

11 Jul 2014 - 12:15pm 1 comment

Property

Rise in housing prices renews debate on affordability

Housing affordability is back in focus as property prices in the city show signs of picking up.

11 Jul 2014 - 4:30am

Green developer Landsea courts investors with deep pockets

Hong Kong-listed mainland developer Landsea Green Properties is negotiating with mainland financial firms with a view to introducing them as strategic investors via issuance of additional shares, chairman Tian Ming said yesterday, without giving a specific timetable.

11 Jul 2014 - 1:31am

Jinan becomes latest Chinese city to relax home purchase rules

11 Jul 2014

More Property news

How US director’s film was nearly derailed by a storm with Ai Weiwei

The Sandstorm ran into trouble when Ai Weiwei, who had agreed to play a cameo role, complained he never agreed to be promoted as the star or gave consent to use his image or name to promote the film.

9 Jul 2014 - 8:23pm More on LIFE

Tai Po’s indie star in the making

7 Jul 2014

Review: A Midsummer Night’s Dream

7 Jul 2014

Australian truffles offer off season alternative

Selling Australian-grown Périgord truffles to French chefs may seem a foolhardy, even impossible goal, but that is exactly what The Truffle & Wine Co has successfully done.

11 Jul 2014 - 12:09am

Feast like a king: Modern restaurants seek to recreate Chinese imperial cuisine

11 Jul 2014 1 comment

We tell you where to find good quality, affordable eateries in Macau

9 Jul 2014

Streaming is gaining ground, but optical discs aren't likely to disappear just yet

The cloud is everywhere, and conventional wisdom suggests that optical discs - the CD, the VCD, the DVD and even the Blu-ray disc - are being superseded by streaming to televisions, tablets and smartphones.

11 Jul 2014 - 12:09am

US$40m towards brain implant that could restore soldiers' memories

10 Jul 2014

British scientists close in on blood test for Alzheimer’s by identifying predictor proteins

9 Jul 2014

Magazines

Sport

World cup 2014

On the run: Fifa partner executive flees ticket sales arrest

An executive from the World Cup’s hospitality services firm escaped out the back door of his plush Rio de Janeiro hotel on Thursday to avoid arrest on charges of illegally selling tickets, authorities said.

11 Jul 2014 - 10:38am More on World Cup 2014

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7 Jul 2014 59 comments
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Dragon at the doorstep: Myanmar’s changing ties with China

17 Jun 2014
News

Historic Hong Kong seen in newly released British video archives

30 Apr 2014 8 comments
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Deconstructing the Hong Kong Budget

7 Jul 2014
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INFOGRAPHIC: Here comes the rain again, Hong Kong's rainfall patterns since 1997

5 Jul 2014
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INFOGRAPHIC: In men's tennis, how big are the Big Four?

10 Jul 2014
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World Cup 2014: Visualisation of group matches results and goals scored

27 Jun 2014 3 comments
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INFOGRAPHIC: The road to the Maracana - travel paths to the final for each team at the World Cup

26 Jun 2014
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Canada scraps millionaire visa scheme, ‘dumps 46,000 Chinese applications’

26 Feb 2014 56 comments
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You're choking: Where particulate matter comes from

31 Mar 2014 2 comments