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  • April 2, 2015
  • Last updated: 5:04am
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US backs down from opposition to China-led AIIB in face of allies' support

Jack Lew has expressed Washington's softened stance. Photo: AFP

Washington appears to have softened its stance towards the new Beijing-led Asian Infrastructure Investment Bank, backing down from its earlier resistance and saying it is now ready to welcome the institution.

Thursday, 2 April, 2015, 3:10am

Curtains for ATV as Exco pulls the plug on ailing broadcaster

An employee raises a flag bearing the ATV logo outside the Asia Television Building in Tai Po yesterday. Photo: SCMP Pictures Update

Chief Executive Leung Chun-ying and his cabinet finally pulled the plug on struggling broadcaster ATV yesterday, deciding not to renew its free-to-air licence which expires in November.

2 Apr 2015 - 1:44am 18 comments More on Asia Television Limited

China’s manufacturing growth fails to ease fears of economic slowdown

Workers making clothes hangers at a factory in the Guangxi region of southern China. The nation's economy recorded its lowest rate of growth in 24 years in 2014. Photo: Xinhua

Manufacturing activity on the mainland grew last month as businesses resumed after the Lunar New Year holiday, an official survey showed, painting a rosier picture than expected.

2 Apr 2015 - 3:17am 1 comment

On the lookout: China puts elite graft watchers on duty at key Communist Party agencies

Armed police guard the formal entrance to Zhongnanhai, the Communist Party's headquarters, in Beijing. The CCDI is sending teams to keep watch on several key party bodies. Photo: Simon Song

hey have the stamp of approval from the nation's top graft-buster, Wang Qishan, spotless records - and in the eyes of the leadership - integrity in spades.

2 Apr 2015 - 3:18am

Too ambitious? Shanghai aims to be both top financial hub and ‘China’s Silicon Valley’ by 2020

Shanghai's skyline. The Shanghai government announced earlier this week that technological innovation would be its number 1 priority this year. Photo: AFP Analysis

Shanghai, China’s financial capital, is raising the stakes. It is not just aiming to become one of the world’s top three financial centres but it’s also poised to launch an ambitious plan to become the country’s version of Silicon Valley.

1 Apr 2015 - 8:01pm

Beijing welcomes Taiwan to join infrastructure bank under ‘appropriate title’

Taiwan's Parliament speaker Wang Jin-pyng, centre, with Premier Mao Chi-kuo, left, and Democratic Progressive Party (DPP) member Ker Chien-ming, right, in Taipei on Wednesday. Taipei sent a letter of intent to join the Beijing-led Asian Infrastructure Bank on Tuesday. Photo: AFP

Mainland China would welcome Taiwan to join the Beijing-led Asian Infrastructure Investment Bank under an appropriate title, officials said on Wednesday.

1 Apr 2015 - 7:59pm 5 comments

Cashing in: Chinese document details depths of officials' corruption

Former National Energy Administration head Liu Tienan (centre) stands trial in the Langfang Intermediate People's Court last year. Photo: Xinhua

Disgraced former general Gu Junshan allegedly embezzled more than 20 billion yuan (HK$25 billion) in public money, according to a government document containing details of several recent corruption cases.

2 Apr 2015 - 3:17am 1 comment

China home prices dip in March despite easing of policies, private surveys show

First-tier cities such as Shanghai are likely to benefit more from policy easing. Photo: Reuters

Mainland home prices dipped in March, but at a slower pace, as policy relaxation fuelled a recovery in top-tier cities, two private surveys showed on Wednesday.

1 Apr 2015 - 10:29pm

China spends ¥400 million to keep tabs on pollution

Vehicles are among the biggest contributors to air pollution in Tianjin. Photo: Xinhua

The mainland spent more than 400 million yuan (HK$505 million) monitoring pollution in 177 cities last year, according to Wu Xiaoqing, vice-minister for environmental protection.

1 Apr 2015 - 11:35pm

China-led infrastructure bank must live up to its pledge of 'clean and green' operation

The infrastructure bank may well propose a unique management framework. If so, it must explain why its rules are an improvement on current practices. Photo: AP

Tuesday was the deadline for application to become a founding member of the Asian Infrastructure Investment Bank. The participation of advanced economies such as Britain, Germany, France, Italy and Luxembourg has given the project a good start.

1 Apr 2015 - 2:28pm 1 comment

Macau gaming revenue falls for 10th straight month, down 39pc in March

Macau's gaming revenue fell for the 10th straight month in March and suffered its second-worst year-on-year decline as Beijing continues to crack down on corruption.

2 Apr 2015 - 1:54am

Online search advertising on mainland set to hit record high

Online search advertising on the mainland is set to reach a record high of US$14.9 billion this year, fuelled by the steady growth of e-commerce activities across the country.

2 Apr 2015 - 2:11am
Campaigner Michelle Yesudas was questioned after confronting police about the case. Photo: Twitter

Growing popularity of conservative Islam in Malaysia linked to overseas students

2 Apr 2015 - 1:26am
LAPD captain William Hayes briefs the media outside Andrew Getty's house after the oil heir was found dead in the bathroom of his mansion.Photo: Reuters

Heir to Getty oil fortune found dead in bathroom of Los Angeles mansion

2 Apr 2015 - 3:30am
The fund backs China's pension system. Photo: Bloomberg

China's social security fund to expand debt scope

2 Apr 2015 - 3:14am
Japanese troops load civilian prisoners on to a truck during the notorious 'Rape of Nanking' in 1937. Western diplomats are concerned that 70th anniversary celebrations marking the end of the second world war in Tiananmen Square in September will be used to criticise Japan. Photo: Xinhua

China pushing second world war anniversary events, but Western turnout could be low-key

1 Apr 2015 - 12:51pm 9 comments
Residential property developed by Country Garden. Photo: Bloomberg

China’s Country Garden to raise HK$6.295 billion by issuing shares to Ping An

1 Apr 2015 - 10:19pm
Competition for deposits has intensified after Beijing signalled it was moving closer to lifting the long-standing cap on the interest rates banks can offer on deposits. Photo: AFP

China's deposit insurance scheme seen putting pressure on smaller lenders

1 Apr 2015 - 8:43pm
SFC found that Merrill Lynch held 14,181 contracts in the Hang Seng China Enterprises Index, well above the limit of 12,000. Photo: Bloomberg

Hong Kong securities watchdog fines Merrill Lynch HK$2 million

1 Apr 2015 - 9:26pm
Cheap US dollars may have resulted in dollar-denominated debt-financed investments which now seem less attractive. Photo: AFP

US dollar owes its strength to one simple thing: the world's need to repay a mountain of debt

1 Apr 2015 - 8:25am 4 comments
People visit the exhibition "In Memoriam: Lee Kuan Yew" at National Museum of Singapore. Photo: Xinhua

Lee Kuan Yew’s daughter reveals father suffered from Parkinson’s disease

1 Apr 2015 - 6:25pm
Pan-Malaysia Islamic party (PAS) president Hadi Awang. Photo: AFP

'70,000 people are not going to have their hands cut off': Malaysian Islamic leader dismisses firestorm over sharia punishments

2 Apr 2015 - 1:29am 1 comment

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SCMP Brand Post

Accelerate to 100 km per hour in 3.4 seconds, without hesitation, and without a drop of gasoline.

Hong Kong plugs into an electric driving experience

The beautiful game finally takes off in China as foreign clubs eye big profits

The beautiful game finally takes off in China as foreign clubs eye big profits

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2 Apr 2015
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Leader

Chinese President Xi Jinping, left, speaks with Indonesian President Joko Widodo during the opening ceremony of the annual Boao Forum for Asia in Boao. Photo: EPA

'One belt, one road' initiative will define China's role as a world leader

2 Apr 2015 - 12:39am 1 comment
Complicated government exemptions made knowing which bags should be charged for and which could be given out for free uncertain, even for some retailers. Photo: May Tse

Hong Kong's levy on plastic bags only first step to cleaning up environment

2 Apr 2015 - 12:39am

Today's Poll

  • Yes: 21%
  • No: 79%
1 Apr 2015
  • Yes
  • No
Total number of votes recorded: 242

Insight

The true costs of our electricity

People demand nuclear safety, yet turn a blind eye to the adverse environmental impact of fossil fuels and the deaths caused by coal mining. WAY KUO

Smog is a major problem facing Beijing and many other places on earth today. It is also a reminder that environmental pollution has reached a critical point in human history.

1 Apr 2015 - 4:58pm 4 comments

China

Jack Lew has expressed Washington's softened stance. Photo: AFP DIPLOMACY

US backs down from opposition to China-led AIIB in face of allies' support

Washington appears to have softened its stance towards the new Beijing-led Asian Infrastructure Investment Bank, backing down from its earlier resistance and saying it is now ready to welcome the institution.

2 Apr 2015 - 3:10am

World

LAPD captain William Hayes briefs the media outside Andrew Getty's house after the oil heir was found dead in the bathroom of his mansion.Photo: Reuters UNITED STATES

Heir to Getty oil fortune found dead in bathroom of Los Angeles mansion

Authorities in Los Angeles are investigating the death of Andrew Getty, 47, who was found dead in the bathroom of his mansion with what police reportedly described as "blunt force trauma" injuries.

2 Apr 2015 - 3:30am
Alibi offers sophisticated afternoon tea in Mong Kok

Alibi offers sophisticated afternoon tea in Mong Kok

Mong Kok has plenty of street snacks and tiny noodle shops, but finding a sophisticated place to rest your legs and enjoy something good to eat is not such an easy proposition.

1 Apr 2015 - 5:42pm

Spring specials at Kaetsu and Tapagria and Hokkaido treats at Youka

1 Apr 2015

Favourite Hong Kong restaurants of Art Central co-founder Eve Share Banghart

1 Apr 2015
A "blood moon" seen over Roppongi, Tokyo, during a lunar eclipse last year. Photo: AFP

Tips for Hongkongers on photographing total lunar eclipse this week

Look east for the full moon just before  8pm on Saturday  and, if it’s clear in Hong Kong, you’ll see a strange sight  – a “blood moon”. The rare total lunar eclipse – when the earth’s shadow completely covers the moon – gets far less attention than a solar eclipse.

1 Apr 2015 - 4:23pm More on LIFE

Samsung's phone-knife to backwards Google: the best April Fool's Day 2015 tech hoaxes

1 Apr 2015

DNA studies shed light on genetic mixing across four continents

29 Mar 2015

Magazines

Sport

Tennis won back lost ground when No 1 Hong Kong woman Zhang Ling reached the semi-finals at the 2013 Asian Championships in Bangkok to allow the code to gain the required points to become an elite sport. Photo: Dickson Lee TENNIS

Tennis pleads for more time at Hong Kong Sports institute

After seven years in the wilderness, tennis returned on Wednesday to the Hong Kong Sports Institute as a tier A elite sport with annual funding of around HK$5 million guaranteed over the next four years.

1 Apr 2015 - 11:31pm More on Hong Kong Sports Institute

Magazines

Midnight cowboys: Haiwan Bar Street in Zhuhai. Photos: Bruce Yan

Zhuhai: fun at breakneck speed

Zhuhai is one of the Pearl River Delta's most under-appreciated destinations. But in fact it is great for a short but action-packed getaway.

1 Apr 2015 - 5:36pm

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