https://www.scmp.com/rss/522192/feed The latest news and top stories on King Au King-lun. Known for his extensive background in asset and fund management, he is the executive director of the Financial Services Development Council (FSDC). He previously served as president of Value Partners Group and CEO of Eastspring Investments Hong Kong and BOCHK Asset Management. His work at FSDC involves promoting Hong Kong’s financial services industry, policy research, market promotion and human capital development. Key accomplishments include... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Aileen Chuang Aileen Chuang China has emerged as the world’s second most competitive country for artificial intelligence in finance, ranking behind the US but well ahead of the rest of Asia, according to a global index. China scored 83.41 in the Global AI Competitiveness Index, trailing the US at 98.84 and ahead of the UK at 78.26, a report released on Wednesday by think tank Deep Knowledge Group showed. Switzerland ranked fourth, followed by Singapore, Germany, Saudi Arabia and India. The world’s second-largest economy... https://www.scmp.com/business/banking-finance/article/3341439/china-second-only-us-global-ai-finance-index-hong-kong-third-city-hub?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341439/china-second-only-us-global-ai-finance-index-hong-kong-third-city-hub?utm_source=rss_feed Wed, 28 Jan 2026 03:30:12 +0000 Aileen Chuang Aileen Chuang Hong Kong is emerging as a neutral hub bridging the technological strengths of East and West while leveraging its robust education and financial systems to drive the next wave of artificial intelligence transformation in businesses, according to PwC executives. As companies worldwide pushed to move AI from isolated experiments to capabilities deployed at scale, not just to solve problems but to unlock new revenue opportunities, Hong Kong was “well‑positioned” to harness the technology’s... https://www.scmp.com/business/companies/article/3337571/hong-kong-emerging-worlds-ai-crossroads-between-east-and-west-pwc?utm_source=rss_feed https://www.scmp.com/business/companies/article/3337571/hong-kong-emerging-worlds-ai-crossroads-between-east-and-west-pwc?utm_source=rss_feed Fri, 26 Dec 2025 06:30:08 +0000 Emily Hung,Ada Li,Jess Ma Emily Hung,Ada Li,Jess Ma Thousands of mourners poured into Tai Po on Sunday, forming a solemn river of remembrance for the 146 lives lost in Hong Kong’s deadliest fire in more than seven decades, while Beijing called for unity and healing as a massive rescue and recovery operation continued amid the charred ruins. The scale of the calamity was evident, as the Disaster Victim Identification Unit (DVIU) discovered 18 more bodies in the wreckage of Wang Fuk Court in Tai Po following Wednesday’s blaze. They have completed... https://www.scmp.com/news/hong-kong/society/article/3334692/mourners-pay-tribute-hong-kong-fire-victims-beijing-calls-unity?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3334692/mourners-pay-tribute-hong-kong-fire-victims-beijing-calls-unity?utm_source=rss_feed Sun, 30 Nov 2025 17:11:05 +0000 Aileen Chuang,Danielle Popov Aileen Chuang,Danielle Popov China has cemented its position as a global leader in artificial intelligence, while Hong Kong is carving out a niche as a specialised innovation hub, underpinned by the country’s strong governance and regulatory competitiveness, according to a global index. Technology breakthroughs such as the low-cost, highly efficient AI models introduced by start-up DeepSeek, combined with national support, propelled China to the forefront of the global AI race, alongside the US, the European Union and... https://www.scmp.com/business/article/3333433/china-cements-global-ai-leadership-hong-kong-builds-niche-innovation-hub?utm_source=rss_feed https://www.scmp.com/business/article/3333433/china-cements-global-ai-leadership-hong-kong-builds-niche-innovation-hub?utm_source=rss_feed Wed, 19 Nov 2025 11:15:04 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing’s (HKEX’s) latest listing rules on distributing shares in popular initial public offerings (IPOs) are expected to draw more institutional investors and family offices but curb retail participation, according to industry players. The rules, which came into effect on August 4, mandate that IPO candidates allocate at least 40 per cent of the shares to institutional investors involved in bookbuilding – up from no guaranteed allocation previously. The rules have... https://www.scmp.com/business/markets/article/3321247/hong-kong-ipo-allocation-rules-shift-focus-institutions-limit-retail-access?utm_source=rss_feed https://www.scmp.com/business/markets/article/3321247/hong-kong-ipo-allocation-rules-shift-focus-institutions-limit-retail-access?utm_source=rss_feed Mon, 11 Aug 2025 00:30:09 +0000 Danielle Popov Danielle Popov More than half of the world’s artificial intelligence talent comes from the US and China, according to new research, which also highlighted Hong Kong’s role as a “superconnector”. The US and China accounted for 32.6 per cent and 22.4 per cent of global AI talent, respectively, according to the latest International Finance Forum (IFF) Global Artificial Intelligence Competitiveness Index Report. King Lun Au, executive director of the Hong Kong Financial Services Development Council, which... https://www.scmp.com/tech/big-tech/article/3319977/hong-kongs-superconnector-status-highlighted-us-china-ai-talent-flow?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3319977/hong-kongs-superconnector-status-highlighted-us-china-ai-talent-flow?utm_source=rss_feed Tue, 29 Jul 2025 09:00:19 +0000 Enoch Yiu Enoch Yiu Hong Kong needs to offer more tax benefits for vintage cars and other incentives to turn the city into a major base for storing and trading art, with an eye on building up its pool of industry talent and service providers, according to Sotheby’s former top executive in the region. While the city is among the top three global art auction and trading hubs, it still lacked some ingredients to build upon, especially talent in art storage, authentication and repair, said Patti Wong, co-founder and... https://www.scmp.com/business/article/3318791/hong-kong-needs-offer-more-tax-breaks-enhance-art-trading-hub-status-expert-says?utm_source=rss_feed https://www.scmp.com/business/article/3318791/hong-kong-needs-offer-more-tax-breaks-enhance-art-trading-hub-status-expert-says?utm_source=rss_feed Sun, 20 Jul 2025 04:01:07 +0000