https://www.scmp.com/rss/113763/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yogi Putranto Yogi Putranto Beneath the surface of the world’s oceans lies an infrastructure so essential, modern life would stall without it – yet so invisible it rarely enters public debate. Submarine cables, slender fibre-optic systems laid across the seabed, carry over 95 per cent of global internet traffic, transmitting the data that underpins financial markets, diplomatic exchanges and everyday communication. What appears to be neutral infrastructure is, in fact, a deeply political system – one that exposes a... https://www.scmp.com/opinion/asia-opinion/article/3352215/power-flows-through-submarine-cables-law-sea-must-evolve?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3352215/power-flows-through-submarine-cables-law-sea-must-evolve?utm_source=rss_feed Wed, 06 May 2026 12:52:34 +0000 SCMP Editorial SCMP Editorial Claw machines are hard to miss in Hong Kong. The prize-filled devices are clustered in shops across the city, often in the retail void created by the pandemic. Players are understandably drawn to the instant gratification of what appears to be a game of skill. But there is also growing concern about the fairness of claw machines and the increasingly high-value prizes that can introduce gambling elements addictive to some users – particularly young people. The authorities are rightly pursuing... https://www.scmp.com/opinion/comment/article/3352507/tighter-regulation-hong-kongs-claw-machines-much-needed?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3352507/tighter-regulation-hong-kongs-claw-machines-much-needed?utm_source=rss_feed Tue, 05 May 2026 22:45:05 +0000 Natalie Wong Natalie Wong After years of debate over whether claw and pinball machines encourage high-stakes gambling, Hong Kong has finally proposed stricter oversight to curb gaming, particularly among teenagers. Cases of addiction linked to these machines are rising in the city, but drawing a clear distinction between gaming and gambling remains difficult. As Hong Kong prepares to amend relevant laws, the South China Morning Post examines how other jurisdictions regulate the trend and asks an expert from an addiction... https://www.scmp.com/news/hong-kong/society/article/3352534/will-hong-kongs-claw-machine-regulations-curb-gaming-habits-and-gambling-risks?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3352534/will-hong-kongs-claw-machine-regulations-curb-gaming-habits-and-gambling-risks?utm_source=rss_feed Tue, 05 May 2026 14:04:53 +0000 Resty Woro Yuniar Resty Woro Yuniar Indonesia is moving to reshape its ride-hailing industry from the inside, with officials saying the state has acquired stakes in app companies as President Prabowo Subianto seeks to raise drivers’ earnings and rein in commission fees. The move could mark a significant shift in one of Southeast Asia’s biggest on-demand economies, where millions of drivers for platforms such as Gojek and Grab have become a highly visible labour force and, analysts say, a potent political bloc. Last week, Prabowo... https://www.scmp.com/week-asia/economics/article/3352510/indonesia-caps-ride-hailing-commission-fees-8-radical-correction-sector?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3352510/indonesia-caps-ride-hailing-commission-fees-8-radical-correction-sector?utm_source=rss_feed Tue, 05 May 2026 10:20:24 +0000 Reuters Reuters A trial beginning ⁠in New Mexico on Monday could prompt a judge to order sweeping changes ⁠to how Facebook, Instagram and WhatsApp operate – a move Meta Platforms has warned could force it to withdraw from the state. The case, which will be tried before a judge in Santa Fe, stems from a lawsuit filed by New Mexico Attorney General Raúl Torrez, a Democrat, accusing the social media giant of designing its products to addict young users and failing to protect children from sexual exploitation on... https://www.scmp.com/news/world/united-states-canada/article/3352224/new-mexico-trial-citing-public-nuisance-laws-against-meta-social-platforms?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3352224/new-mexico-trial-citing-public-nuisance-laws-against-meta-social-platforms?utm_source=rss_feed Sat, 02 May 2026 10:31:24 +0000 Ben Jiang Ben Jiang A sweeping rule change for drones in Beijing, which bars sales in the Chinese capital and requires identity registration linked to each device from Friday, has left sellers and consumers scrambling to cope with some of the country’s toughest regulations on the sector. At a flagship retail store operated by DJI, the world’s largest drone maker, in Beijing’s bustling Guomao area, a shop assistant said that the store had been preparing to clear its shelves of all drone products in accordance with... https://www.scmp.com/tech/tech-trends/article/3352070/no-drone-zone-dji-consumers-grapple-beijing-sales-ban-and-registration-rule?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3352070/no-drone-zone-dji-consumers-grapple-beijing-sales-ban-and-registration-rule?utm_source=rss_feed Fri, 01 May 2026 13:00:09 +0000 Bernard Chan Bernard Chan After winning legislative backing for the Hong Kong Jockey Club to offer basketball betting – an initiative aimed at drawing punters away from illegal online bookmakers and capturing additional tax revenue – the government has now paused the roll-out. Officials say the rise of prediction markets has altered the landscape and warrants closer examination. So, what is it about prediction markets that unsettles officials? Prediction markets are online platforms where the menu stretches far beyond... https://www.scmp.com/opinion/hong-kong-opinion/article/3351875/why-governments-beyond-hong-kong-are-wary-prediction-markets?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3351875/why-governments-beyond-hong-kong-are-wary-prediction-markets?utm_source=rss_feed Fri, 01 May 2026 01:30:08 +0000 Associated Press Associated Press Roblox, a gaming platform popular with kids, announced Thursday that children under 16 in Indonesia will be required to undergo facial scans to verify their age to comply with new restrictions on minors’ use of social media and digital platforms in the country. Nicky Jackson Colaco, Roblox’s vice-president and global head of public policy, announced the changes in a press conference in Jakarta, describing them among the strictest that the company has implemented anywhere in the world. She said... https://www.scmp.com/news/asia/southeast-asia/article/3352066/gaming-platform-roblox-require-facial-scans-users-under-16-indonesia?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3352066/gaming-platform-roblox-require-facial-scans-users-under-16-indonesia?utm_source=rss_feed Thu, 30 Apr 2026 13:00:28 +0000 Xinyi Wu Xinyi Wu China’s top market regulator is intensifying its crackdown on debt-laden “zombie companies” – rolling out a pilot programme in seven economic hubs to facilitate the forced exit of unprofitable firms often propped up by government subsidies or bank loans. The move signals a broadening of Beijing’s campaign against local protectionism and the low-quality vicious competition that officials say results in neijuan, or “involution”. With a change to China’s Company Law, the State Administration for... https://www.scmp.com/economy/china-economy/article/3351794/china-targets-zombies-regulatory-headshots-kill-subsidised-laggards?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3351794/china-targets-zombies-regulatory-headshots-kill-subsidised-laggards?utm_source=rss_feed Wed, 29 Apr 2026 05:30:08 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma China has stepped up its tech war with the United States, blocking Facebook owner Meta’s US$2.5 billion acquisition of artificial intelligence (AI) start-up Manus and raising cybersecurity concerns about Anthropic’s new AI model Claude Mythos Preview. The National Development and Reform Commission (NDRC) announced it was prohibiting the Manus deal in a one-sentence statement on Monday, which didn’t give a specific reason. Meta is now planning to unwind the acquisition, which means untangling... https://www.scmp.com/plus/tech/big-tech/article/3351705/china-blocks-metas-manus-deal-raises-mythos-concerns?utm_source=rss_feed https://www.scmp.com/plus/tech/big-tech/article/3351705/china-blocks-metas-manus-deal-raises-mythos-concerns?utm_source=rss_feed Tue, 28 Apr 2026 09:08:11 +0000 Coco Feng,Vincent Chow Coco Feng,Vincent Chow Beijing has blocked the proposed purchase by Meta Platforms of artificial intelligence firm Manus, a start-up that is officially registered in Singapore but developed its products in mainland China. The National Development and Reform Commission (NDRC), the country’s top economic planner, announced the ruling in a statement on Monday, and asked the parties involved in the deal to cancel the transaction. Neither Meta nor Manus immediately responded to requests for comment on Monday. A... https://www.scmp.com/tech/big-tech/article/3351552/china-blocks-metas-manus-deal-after-months-long-probe-thwarting-purchase?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3351552/china-blocks-metas-manus-deal-after-months-long-probe-thwarting-purchase?utm_source=rss_feed Mon, 27 Apr 2026 08:18:45 +0000 Ben Jiang Ben Jiang China’s top market regulator will launch a six-month crackdown on the country’s internet advertising sector, targeting malpractices including the misuse of artificial intelligence, in what it described as its first campaign to clean up the broader online advertising ecosystem. The State Administration for Market Regulation (SAMR) said on Thursday that the campaign comes as new risks – from AI misuse to traffic-driven marketing tactics – emerge alongside long-standing issues, even as data and... https://www.scmp.com/tech/article/3351202/beijing-moves-clean-online-ad-ecosystem-first-its-kind-campaign?utm_source=rss_feed https://www.scmp.com/tech/article/3351202/beijing-moves-clean-online-ad-ecosystem-first-its-kind-campaign?utm_source=rss_feed Thu, 23 Apr 2026 13:03:24 +0000 Associated Press Associated Press Turkish lawmakers passed a bill late on Wednesday that includes restricting access to social media platforms for children under 15, state media reported. The legislation is the latest in a global trend to protect young people from dangerous online activity. Its passage comes a week after a 14-year-old boy killed nine students and a teacher at a middle school in Kahramanmaras, southern Turkey, in a gun attack. Police are investigating the online activity of the perpetrator, who also died, in a... https://www.scmp.com/news/world/europe/article/3351147/turkey-passes-bill-restrict-social-media-access-under-15s?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3351147/turkey-passes-bill-restrict-social-media-access-under-15s?utm_source=rss_feed Thu, 23 Apr 2026 08:59:42 +0000 Kun Tian Kun Tian The most revealing fact about Hong Kong’s stablecoin launch is not that licences were issued. It is who got them, and who did not. By handing the first approvals to HSBC and the Standard Chartered-led joint venture Anchorpoint Financial, regulators made clear from the start that digital money in Hong Kong will be bank-led. That choice matters because Hong Kong is not trying to become Asia’s easiest venue for cryptocurrency experimentation. Rather, it is trying to become the most credible place... https://www.scmp.com/opinion/hong-kong-opinion/article/3350356/what-hong-kongs-conservative-stablecoin-licence-roll-out-reveals?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3350356/what-hong-kongs-conservative-stablecoin-licence-roll-out-reveals?utm_source=rss_feed Wed, 22 Apr 2026 22:30:08 +0000 Coco Feng Coco Feng Behind China’s landmark crackdown on the e-commerce and food-delivery sectors lies a darker narrative of resistance, secrecy and violence, after regulators uncovered a vast network of “ghost” bakeries and imposed a record fine on seven major platforms. The State Administration for Market Regulation (SAMR) levied a 3.6 billion yuan (US$528 million) fine on seven platforms run by PDD Holdings, Meituan, JD.com, Alibaba Group Holding and ByteDance, with the probe revealing a hidden office, violent... https://www.scmp.com/tech/policy/article/3350891/hidden-office-fractured-bone-violent-resistance-behind-chinas-record-food-safety-fine?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3350891/hidden-office-fractured-bone-violent-resistance-behind-chinas-record-food-safety-fine?utm_source=rss_feed Tue, 21 Apr 2026 12:00:09 +0000 Finbarr Bermingham Finbarr Bermingham China will hit EU firms with reciprocal measures if the bloc targets Chinese firms as planned under its proposed cybersecurity regulations, Beijing has warned. In a 30-page document submitted to the European Commission on Friday, China’s commerce ministry explicitly warned that broad retaliation was on the table if firms such as Huawei and ZTE were penalised by the law, which was announced in January but is still in draft form. “If the EU designates China as a ‘country posing cybersecurity... https://www.scmp.com/news/china/diplomacy/article/3350763/china-threatens-eu-firms-over-cybersecurity-plans-targeting-chinese-companies?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3350763/china-threatens-eu-firms-over-cybersecurity-plans-targeting-chinese-companies?utm_source=rss_feed Mon, 20 Apr 2026 12:01:08 +0000 Mike Rowse Mike Rowse Many Hongkongers would have been surprised last week that the government was postponing the introduction of basketball betting. It was only months ago that the bill had been enacted by the Legislative Council. So clearly it was a matter that fell within our high degree of autonomy. And the Hong Kong Jockey Club was known to be hard at work preparing for implementation. But listeners to RTHK’s Backchat programme in early February may have come away with an inkling that all might not be well.... https://www.scmp.com/opinion/hong-kong-opinion/article/3350322/why-hong-kong-hitting-pause-basketball-betting?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3350322/why-hong-kong-hitting-pause-basketball-betting?utm_source=rss_feed Sun, 19 Apr 2026 21:30:09 +0000 Ji Siqi,Coco Feng,Wency Chen Ji Siqi,Coco Feng,Wency Chen China’s State Administration for Market Regulation (SAMR) has levied more than 3.6 billion yuan (US$527.3 million) in fines on seven e-commerce and food delivery platforms and their representatives following an investigation, the regulator announced on Friday. SAMR said the seven platforms, which included retail and food delivery mainstays Pinduoduo (PDD), Meituan and JD.com, failed to properly verify food vendor licences and knowingly allowed unverified “ghost” catering services to operate. The... https://www.scmp.com/tech/policy/article/3350444/chinas-e-commerce-platforms-hit-36b-yuan-fine-food-safety-violations?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3350444/chinas-e-commerce-platforms-hit-36b-yuan-fine-food-safety-violations?utm_source=rss_feed Fri, 17 Apr 2026 08:11:57 +0000 Agence France-Presse Agence France-Presse A US jury on Wednesday found that entertainment giant Live Nation wielded monopoly power at its Ticketmaster business, violating federal and state antitrust laws, according to California’s attorney general. A verdict that could have profound repercussions in the concert world came after four days of deliberations, and remedies could include breaking up Live Nation and Ticketmaster. The jury found Live Nation and Ticketmaster liable for anticompetitive conduct that harmed the music industry and... https://www.scmp.com/news/world/united-states-canada/article/3350231/ticketmaster-owner-live-nation-ran-illegal-monopoly-us-jury-finds?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3350231/ticketmaster-owner-live-nation-ran-illegal-monopoly-us-jury-finds?utm_source=rss_feed Wed, 15 Apr 2026 22:52:39 +0000 Agence France-Presse Agence France-Presse European Union chief Ursula von der Leyen said on Wednesday that an EU-developed age-verification app was ready to go, as the bloc pushes to better protect children from online harm. Brussels has been under pressure to come up with more stringent measures to safeguard children online as several EU capitals move ahead with plans to ban social media under a certain age. To that end, five EU countries including France and Italy last year started testing an age-check app that von der Leyen said on... https://www.scmp.com/news/world/europe/article/3350202/eu-unveils-age-check-app-amid-efforts-better-protect-children-online?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3350202/eu-unveils-age-check-app-amid-efforts-better-protect-children-online?utm_source=rss_feed Wed, 15 Apr 2026 12:15:08 +0000 Iman Muttaqin Yusof Iman Muttaqin Yusof In Malaysia, artificial intelligence is already causing harm to content creators through deepfake nudes, cloned voices, scam advertisements and stolen likenesses, experts have warned. They shared the view at the Freedom Film Network’s second International Conference on Film & Society in Kuala Lumpur on Wednesday, where creators, researchers and advocates from across Southeast Asia gathered under the theme “Cultivating Artistic Freedom in a Volatile World”. Melissa Lim Shi Hui, a lawyer and legal... https://www.scmp.com/week-asia/lifestyle-culture/article/3350193/malaysias-content-creators-battle-ai-abuse-deepfakes-scam-ads-spread-online?utm_source=rss_feed https://www.scmp.com/week-asia/lifestyle-culture/article/3350193/malaysias-content-creators-battle-ai-abuse-deepfakes-scam-ads-spread-online?utm_source=rss_feed Wed, 15 Apr 2026 11:30:10 +0000 SCMP Editorial SCMP Editorial Hong Kong’s move to legalise basketball betting has suffered a setback. The government suspended the plan on Monday pending further study, citing the emergence of prediction markets which it says may prompt more people to turn to illegal gambling. Embarrassing as it is, the U-turn is a prudent step to ensure that the plan proceeds in the right direction. Prediction markets are platforms where people buy and sell contracts on the outcomes of future events, with the prices directly reflecting the... https://www.scmp.com/opinion/comment/article/3350029/hong-kongs-u-turn-basketball-betting-prudent-move?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3350029/hong-kongs-u-turn-basketball-betting-prudent-move?utm_source=rss_feed Tue, 14 Apr 2026 23:15:13 +0000 Muhammad Faizan Fakhar Muhammad Faizan Fakhar Much Western discourse on artificial intelligence has lately focused on establishing safeguards and installing guardrails against powerful new AI systems, algorithmic bias, the collusion of governments and tech oligarchs, and rising related environmental costs. The growing AI backlash in the West has been labelled a “botlash” in a recent commentary by Stanford University’s Marietje Schaake, who includes anti-AI movements such as “QuitGPT”, “Resist and Unsubscribe” and “Stealing Isn’t... https://www.scmp.com/opinion/world-opinion/article/3349034/danger-global-souths-pursuit-ai-magical-cure?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3349034/danger-global-souths-pursuit-ai-magical-cure?utm_source=rss_feed Mon, 06 Apr 2026 21:30:08 +0000 SCMP Editorial SCMP Editorial Better safe than sorry – that seems to be why authorities have delayed the stablecoin roll-out. Industry players had expected the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, to announce the granting of a small number of stablecoin licences at the end of March. But the date came and went. The regulatory review process appears to be taking longer, given the regulators’ well-known cautious stance. But the policy – to make Hong Kong a digital-asset hub with stablecoins... https://www.scmp.com/opinion/comment/article/3348924/stablecoin-launch-delay-shows-hong-kong-would-rather-be-safe-sorry?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3348924/stablecoin-launch-delay-shows-hong-kong-would-rather-be-safe-sorry?utm_source=rss_feed Sun, 05 Apr 2026 23:15:16 +0000 Alice Wu Alice Wu The independent committee investigating Hong Kong’s deadliest fire in decades concluded the first round of hearings last week. It is essential that we get to the bottom of the human and systemic errors that led to the Tai Po inferno. There were many, as anticipated. Fragmentation of responsibility was rampant, which is probably expected for projects of this size with so many parties involved. If the government isn’t there to make sure that things are done properly, monitor and enforce the... https://www.scmp.com/opinion/hong-kong-opinion/article/3348966/tai-po-fire-hearings-reveal-broken-promises-hongkongers?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3348966/tai-po-fire-hearings-reveal-broken-promises-hongkongers?utm_source=rss_feed Sun, 05 Apr 2026 06:30:08 +0000 Sam Beltran Sam Beltran The Philippines is the latest country to consider banning minors from social media, joining a regional wave led by Australia and Indonesia, but technology analysts warn that restricting access alone will do little to address the platform design flaws that expose young users to harm. Philippine Senator Sherwin Gatchalian on Monday called for legislation to limit minors’ access to social media platforms, days after Indonesia began enforcing a ban on under-16s using “high-risk” platforms such as... https://www.scmp.com/week-asia/lifestyle-culture/article/3348837/philippines-weighs-social-media-ban-minors-will-it-be-enough?utm_source=rss_feed https://www.scmp.com/week-asia/lifestyle-culture/article/3348837/philippines-weighs-social-media-ban-minors-will-it-be-enough?utm_source=rss_feed Thu, 02 Apr 2026 12:00:37 +0000 Julie Zhang,Enoch Yiu Julie Zhang,Enoch Yiu Hong Kong’s highly anticipated first batch of stablecoin licences did not materialise as expected by the end of March. Industry players said the delay may be caused by a slower-than-expected review process, adding that it could also be due to the regulators’ cautious stance towards launching the first batch of regulated stablecoin licences as the city seeks to cement its status as a digital-asset hub. “I don’t think [the delay] is caused by the market,” said Jack Poon, a member of the task force... https://www.scmp.com/business/banking-finance/article/3348492/hong-kongs-anticipated-stablecoin-licence-end-march-does-not-materialise?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348492/hong-kongs-anticipated-stablecoin-licence-end-march-does-not-materialise?utm_source=rss_feed Wed, 01 Apr 2026 00:30:08 +0000 Lucy Quaggin Lucy Quaggin The US Supreme Court will hear arguments on Wednesday on birthright citizenship, with Chinese nationals at the centre of disputed claims of abuse amplified by US President Donald Trump’s immigration campaign. “Birthright Citizenship is not about rich people from China, and the rest of the World, who want their children, and hundreds of thousands more, FOR PAY, to ridiculously become citizens of the United States of America. It is about the BABIES OF SLAVES!” Trump wrote on social media on... https://www.scmp.com/news/us/diplomacy/article/3348460/born-usa-china-targeted-americas-birthright-citizenship-fight?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3348460/born-usa-china-targeted-americas-birthright-citizenship-fight?utm_source=rss_feed Mon, 30 Mar 2026 21:55:09 +0000 Associated Press Associated Press Indonesia on Saturday began implementing a new government regulation approved earlier this month that bans children younger than 16 from access to digital platforms that could expose them to pornography, cyberbullying, online scams and addiction. With the move, Indonesia became the first country in Southeast Asia to ban children from having accounts on YouTube, TikTok, Facebook, Instagram, Threads, X, Bigo Live and Roblox. It follows measures that Australia took last year in a world-first social... https://www.scmp.com/news/asia/southeast-asia/article/3348232/indonesia-begins-social-media-ban-children-under-16?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3348232/indonesia-begins-social-media-ban-children-under-16?utm_source=rss_feed Sat, 28 Mar 2026 05:30:08 +0000 Kolette Lim Kolette Lim Southeast Asian countries are racing to assert control over their data flows, driven by a potent mix of nationalist sentiment and security anxieties. But analysts warn that while certain measures may deliver domestic economic benefits, the broader push risks undermining innovation, deterring foreign investment and even cutting the region off from the global digital economy. On March 1, Vietnam became the first Southeast Asian nation to have in force a comprehensive law on artificial... https://www.scmp.com/week-asia/politics/article/3348187/vietnam-leads-ai-rules-southeast-asia-risks-economic-own-goal?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3348187/vietnam-leads-ai-rules-southeast-asia-risks-economic-own-goal?utm_source=rss_feed Sat, 28 Mar 2026 04:30:08 +0000 Kandy Wong Kandy Wong Professor Kenneth Rogoff of Harvard University has repeatedly warned that the US dollar is approaching a crisis of legitimacy. Having written extensively on the global recession in the late 2000s, Rogoff has turned his focus to the US currency’s increasingly unstable place at the top of the world’s financial hierarchy. A former chief economist at the International Monetary Fund and a chess grandmaster, he published Our Dollar, Your Problem in May last year. In this interview, Rogoff elaborates... https://www.scmp.com/plus/news/china/money-wealth/article/3347930/euro-chinese-yuan-end-us-dollar-dominance-top-economist-says?utm_source=rss_feed https://www.scmp.com/plus/news/china/money-wealth/article/3347930/euro-chinese-yuan-end-us-dollar-dominance-top-economist-says?utm_source=rss_feed Thu, 26 Mar 2026 02:31:08 +0000 Agence France-Presse Agence France-Presse A Los Angeles jury on Wednesday found Meta and YouTube liable for harming a young woman because of an addictive design of their social media platforms, ordering the companies to pay US$6 million in damages, including US$3 million in punitive damages. The verdict handed plaintiffs in more than a thousand similar pending cases significant leverage - and signalled to the broader tech industry that juries were prepared to hold social media companies accountable for the mental health toll of their... https://www.scmp.com/news/world/united-states-canada/article/3347912/jury-finds-meta-and-google-liable-us3-million-damages-social-media-addiction-trial?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3347912/jury-finds-meta-and-google-liable-us3-million-damages-social-media-addiction-trial?utm_source=rss_feed Wed, 25 Mar 2026 18:07:28 +0000 Matthew Cheng Matthew Cheng Hongkongers who refuse to provide passwords for smartphones or other electronic devices during national security investigations face up to a year in jail under legal changes that also allow police to question organisations if they have reasonable belief that they are overseas political groups or agents of foreign forces. The government said the new rules would not affect people’s daily lives or how institutions normally operated. The amendments, gazetted on Monday, are the first substantial... https://www.scmp.com/news/hong-kong/politics/article/3347556/withholding-device-passwords-punishable-under-tightened-national-security-rules?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3347556/withholding-device-passwords-punishable-under-tightened-national-security-rules?utm_source=rss_feed Mon, 23 Mar 2026 06:57:09 +0000 Eunice Xu Eunice Xu In late 2022, Syed Musheer Ahmed packed his bags and departed Hong Kong. The founder of fintech advisory firm FinStep Asia headed for Dubai, where he joined the founding team of the Gulf city’s new digital-asset regulator, Virtual Assets Regulatory Authority (VARA). Like many in Hong Kong’s crypto scene at the time, Ahmed was drawn by the Middle East’s regulatory clarity – a stark contrast to the uncertainty and Covid-19 restrictions still lingering in his adopted home. “Dubai came up as a good... https://www.scmp.com/tech/blockchain/article/3347286/will-hong-kongs-regulatory-clarity-crypto-forge-path-global-hub-status?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3347286/will-hong-kongs-regulatory-clarity-crypto-forge-path-global-hub-status?utm_source=rss_feed Sat, 21 Mar 2026 04:00:08 +0000 Frank Chen Frank Chen A newly released draft of China’s finance law has proposed measures to combat foreign sanctions, safeguard offshore financial assets and carry out national security checks on certain financial data, as Beijing pursues its financial superpower ambitions amid risks and external complexities. “If any country or region violates international law and the basic norms of international relations by taking discriminatory prohibitions, restrictions or other measures in the financial realm against Chinese... https://www.scmp.com/economy/china-economy/article/3347371/chinas-finance-law-set-fight-sanctions-protect-assets-and-financial-security?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3347371/chinas-finance-law-set-fight-sanctions-protect-assets-and-financial-security?utm_source=rss_feed Fri, 20 Mar 2026 14:00:10 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and quality controls when handling initial public offerings (IPOs) in Hong Kong. For example, the SFC expected... https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed Thu, 19 Mar 2026 11:00:18 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s securities regulator on Wednesday recommended strengthening the stock exchange’s regulations to better protect investors following a review of 2024 compliance and enforcement cases. The Securities and Futures Commission (SFC) submitted its findings after vetting listed companies’ internal control reviews, their handling of late auditor resignations and the processes of the Hong Kong stock exchange’s listing division. The regulator noted that while thestock exchange “had taken steps... https://www.scmp.com/business/banking-finance/article/3347076/hong-kong-securities-watchdog-urges-stock-exchange-tighten-listing-compliance-rules?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347076/hong-kong-securities-watchdog-urges-stock-exchange-tighten-listing-compliance-rules?utm_source=rss_feed Wed, 18 Mar 2026 14:50:51 +0000 Julian Ryall Julian Ryall A Japanese government agency has opened discussions on imposing a ban on children accessing social media, potentially following Australia’s lead in prohibiting under-16s from the most popular online platforms. Experts say it is far too early to determine whether the Australian experiment is a success and can be replicated in Japan, although there is a widely held belief that more needs to be done to limit the negative consequences of unfettered internet access for young people. In January,... https://www.scmp.com/week-asia/lifestyle-culture/article/3346905/will-japan-follow-australias-lead-and-ban-children-social-media?utm_source=rss_feed https://www.scmp.com/week-asia/lifestyle-culture/article/3346905/will-japan-follow-australias-lead-and-ban-children-social-media?utm_source=rss_feed Wed, 18 Mar 2026 00:00:09 +0000 Themis Qi,Enoch Yiu Themis Qi,Enoch Yiu A memo circulating in mainland China’s financial community has raised concerns that Beijing plans to ban certain Chinese companies from listing in Hong Kong via a red-chip structure, with analysts fearing that this could create uncertainty for new listings in the city. According to a memo seen by the South China Morning Post, some red-chip companies – entities registered overseas but with assets and businesses within China – seeking regulatory approval for an initial public offering (IPO) in... https://www.scmp.com/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed Tue, 17 Mar 2026 11:10:08 +0000 Eunice Xu Eunice Xu Hong Kong is poised to launch the world’s first open-source human-AI agent collaboration network, along with a series of everyday artificial intelligence products to assist citizens with activities such as applying for schools and analysing horse racing. The Hong Kong Generative AI Research and Development Centre (HKGAI) said it would soon offer on an open-source basis a human-AI agent collaboration network named “ClawNet”, designed to ensure AI agents “only do things that are allowed”,... https://www.scmp.com/tech/article/3346777/hong-kong-launch-worlds-first-governed-ai-agent-network-amid-openclaw-frenzy?utm_source=rss_feed https://www.scmp.com/tech/article/3346777/hong-kong-launch-worlds-first-governed-ai-agent-network-amid-openclaw-frenzy?utm_source=rss_feed Mon, 16 Mar 2026 23:00:10 +0000 Coco Feng Coco Feng An undercover investigation by state-run China Central Television (CCTV) has cast a harsh light on a controversial practice in a nascent industry: the “poisoning” of artificial intelligence models with fabricated information. The report showed how techniques of generative engine optimisation (GEO) – the AI version of search engine optimisation (SEO) – could be used to manipulate AI chatbots, provoking widespread public concern and debate as both industry insiders and observers anticipated... https://www.scmp.com/tech/article/3346761/ai-poisoning-fake-fitness-tracker-fools-chatbots-china-sparking-outcry?utm_source=rss_feed https://www.scmp.com/tech/article/3346761/ai-poisoning-fake-fitness-tracker-fools-chatbots-china-sparking-outcry?utm_source=rss_feed Mon, 16 Mar 2026 12:00:09 +0000 Lam Ka-sing,Connor Mycroft Lam Ka-sing,Connor Mycroft Hong Kong’s licensed moneylenders will face strict new regulations starting in August, including debt-servicing ratio caps for low-income earners and a complete ban on using loan referees – a move lawmakers have said should reduce harassment by debt collectors. Lawmakers also said on Saturday that the measures outlined by the Financial Services and the Treasury Bureau would help curb most illicit loans, while one legislator called for further regulation of the moneylending industry. The bureau... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346599/hong-kong-tighten-moneylending-rules-tackle-debt-collector-harassment?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346599/hong-kong-tighten-moneylending-rules-tackle-debt-collector-harassment?utm_source=rss_feed Sat, 14 Mar 2026 09:45:31 +0000 Ann Cao,Ben Jiang Ann Cao,Ben Jiang China’s OpenClaw craze has taken an ironic turn, with social media platforms now flooded with paid services offering to uninstall the artificial intelligence (AI) agent after users initially paid to have it installed. On Xianyu, the second-hand marketplace under Alibaba, the keyword “uninstall OpenClaw” was trending on Thursday, based on a search by the South China Morning Post. Records showed that a Shanghai-based seller named “mojito lime water” charged 299 yuan ($43.55) to uninstall the agent... https://www.scmp.com/tech/big-tech/article/3346397/chinas-openclaw-users-paid-install-viral-ai-agent-now-they-spend-remove-it?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3346397/chinas-openclaw-users-paid-install-viral-ai-agent-now-they-spend-remove-it?utm_source=rss_feed Thu, 12 Mar 2026 12:00:14 +0000 Wency Chen,Ann Cao Wency Chen,Ann Cao A wave of caution is sweeping through China’s financial and state institutions over OpenClaw, the open-source artificial intelligence (AI) agent that has recently gone viral. Several brokerages, banks and government bodies have moved to restrict staff access. At one of China’s leading brokerages, an employee, who asked not to be named, said the firm had issued an explicit risk warning earlier this week, banning OpenClaw from company computers. Staff who had already installed it were told to... https://www.scmp.com/tech/tech-trends/article/3346331/chinas-financial-institutions-regulators-draw-line-openclaw-ai-frenzy-spreads?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3346331/chinas-financial-institutions-regulators-draw-line-openclaw-ai-frenzy-spreads?utm_source=rss_feed Thu, 12 Mar 2026 07:20:55 +0000 Clarissa Lui Clarissa Lui In late February, Hong Kong’s Office of the Privacy Commissioner for Personal Data co-signed, alongside 60 overseas organisations, a statement to bring attention to the rising misuse of deepfakes. With rapid technological developments, growing AI integration and lower barriers to access, swift action is needed to safeguard women and girls against growing forms of technology-facilitated violence. Technology-facilitated violence is not new; it has simply evolved. What began as pre-internet... https://www.scmp.com/opinion/hong-kong-opinion/article/3346126/make-ai-safe-put-women-and-girls-heart-technology?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3346126/make-ai-safe-put-women-and-girls-heart-technology?utm_source=rss_feed Thu, 12 Mar 2026 01:30:07 +0000 Ben Jiang Ben Jiang Some local governments in China have rushed to support the adoption of OpenClaw, the artificial intelligence agent sweeping the country, even as warnings about privacy and security risks linger in the background. In Shenzhen, China’s southern tech hub, the AI and robotics agency of Longgang district published a draft on Saturday proposing sweeping measures, including subsidies of up to 2 million yuan (US$290,000) for approved projects. The initiative came a day after nearly a thousand people... https://www.scmp.com/tech/policy/article/3345986/chinese-local-governments-offer-openclaw-project-subsidies-security-questions-linger?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3345986/chinese-local-governments-offer-openclaw-project-subsidies-security-questions-linger?utm_source=rss_feed Mon, 09 Mar 2026 13:30:08 +0000 Yuanyue Dang Yuanyue Dang China’s highest court says that while it handles AI-related cases with care it has allowed room for the country’s artificial intelligence industry to innovate and make mistakes, according to its annual report. Supreme People’s Court president Zhang Jun told the National People’s Congress (NPC), China’s top legislative body, on Monday that the court had “promoted the orderly development of artificial intelligence” last year. Delivering the supreme court’s work report, Zhang said China’s courts... https://www.scmp.com/news/china/politics/article/3345999/chinas-top-court-says-it-treats-ai-cases-care-without-stifling-growth-or-innovation?utm_source=rss_feed https://www.scmp.com/news/china/politics/article/3345999/chinas-top-court-says-it-treats-ai-cases-care-without-stifling-growth-or-innovation?utm_source=rss_feed Mon, 09 Mar 2026 11:12:01 +0000 Sam Beltran Sam Beltran Vietnam’s new law regulating artificial intelligence could become Southeast Asia’s first real test of whether governments in the region are ready to move from voluntary guidelines to binding regulation, a shift analysts say could reshape how companies deploy AI across the region. The legislation, which took effect on Sunday, introduces a risk-tiered model where AI providers – both local organisations and foreign entities with a presence in the country – must classify their systems as low, medium... https://www.scmp.com/week-asia/lifestyle-culture/article/3345650/why-vietnams-landmark-ai-law-first-major-regulatory-test-southeast-asia?utm_source=rss_feed https://www.scmp.com/week-asia/lifestyle-culture/article/3345650/why-vietnams-landmark-ai-law-first-major-regulatory-test-southeast-asia?utm_source=rss_feed Sun, 08 Mar 2026 06:00:10 +0000 Xiaofei Xu,Mia Nurmamat,Coco Feng Xiaofei Xu,Mia Nurmamat,Coco Feng China has outlined a basket of measures to support its technology sector, from creating a more flexible and inclusive fundraising ecosystem to boosting demand for hi-tech products. During a high-profile press conference in Beijing, the country’s top economic officials laid out plans to deepen reforms to ChiNext – China’s board for start-ups – and make it easier and quicker for companies to refinance. “Technological innovation requires high investment, long cycles, and carries significant risks,”... https://www.scmp.com/economy/china-economy/article/3345764/china-pledges-full-support-tech-sector-broad-range-new-policies?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3345764/china-pledges-full-support-tech-sector-broad-range-new-policies?utm_source=rss_feed Fri, 06 Mar 2026 13:05:08 +0000 Ying Xia Ying Xia Public awareness of animal welfare on the Chinese mainland is at an all-time high. The country now has the world’s second-largest pet population, estimated at 430 million in 2024 and growing strongly. The cultural shift was on full display last year when the justice ministry solicited public feedback on its legislative plans. In a massive show of support, an online survey pushing for anti-cruelty legislation attracted over 4.2 million votes, with 96 per cent voting in favour. Yet despite rising... https://www.scmp.com/opinion/china-opinion/article/3344884/quiet-revolution-animal-rights-china?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3344884/quiet-revolution-animal-rights-china?utm_source=rss_feed Wed, 04 Mar 2026 01:30:09 +0000