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Before we hail Hong Kong cinema’s return, let’s ensure its survival
Business

Before we hail Hong Kong cinema’s return, let’s ensure its survival

The Furious, Hong Kong’s latest action flick, is crushing it on Rotten Tomatoes and has garnered critical acclaim abroad – proof of what human-centric filmmaking can still deliver in today’s market. But before we rush to hail the return of Hong Kong cinema, a new breed of drama factory is quietly generating content at a velocity no human team could ever match. In mainland China, micro dramas generated by artificial intelligence (AI) have turned the industry upside down. A production schedule...

Australia’s Lynas partners South Korea’s JS Link for Malaysian magnet factory
Business

Australia’s Lynas partners South Korea’s JS Link for Malaysian magnet factory

The factory in Kuantan, which can produce 3,000 tonnes of magnets per annum, is expected to create ‌up to 400 jobs Under the latest deal, JS Link will establish a magnet factory in ‌Kuantan, Malaysia, with an operating capacity of 3,000 tonnes per annum of neodymium-iron-boron permanent sintered magnets. Lynas said it ‌would invest around A$50 million (US$34.8 million) in JS Link shares to ⁠support the ⁠development of the facility. The produced magnets will supply automotive, wind energy and electronics manufacturing supply chains ‌in key markets including South Korea and Malaysia. The company expects the Kuantan magnet factory ‌to create ‌up to 400 new jobs.

‘A true man’: Chinese boy touches hearts by promoting single mum’s small recycling business
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‘A true man’: Chinese boy touches hearts by promoting single mum’s small recycling business

Chunchun, 8, hailed for courage, sense of responsibility as he helps mum rebuild life after her divorce and suffers severe burns A young boy from central China went viral after proudly promoting his burn-survivor mother’s street stall during a chance visit to a university football pitch. On June 28, eight-year-old Chunchun from Zhengzhou, Henan province, accompanied his mother to a local campus where he joined a casual football game. Noticing students holding empty drink bottles, he stepped forward and, in full view of the crowd, began introducing his mother’s recycling business. “My mum was badly burned. We collect recyclables and also sell slippers for 5 yuan (74 US cents) a pair. If you have waste items, you can find my mum,” he said, before politely thanking the students and wishing them academic success. His candid pitch drew warm applause. Students handed over bottles and formed queues to buy slippers, with one even purchasing 10 pairs for her roommates. Chunchun’s mother, surnamed Chen, was once a television host. After her divorce, she raised her son alone. Five years ago, an explosion left her with burns covering 45 per cent of her body, resulting in severe disfigurement and the loss of several fingers.

Serious flooding risk in Hong Kong’s Yuen Long under amber rainstorm warning
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Serious flooding risk in Hong Kong’s Yuen Long under amber rainstorm warning

Forecaster also reminds residents in the northern New Territories to take precautions to avoid possible flood damage Hong Kong’s weather forecaster has warned of severe downpours and serious flooding in Yuen Long under the amber rainstorm signal. The Hong Kong Observatory, which issued the warning signal at 5.30am on Tuesday, said hourly rainfall in the northwestern New Territories district was expected to exceed, or had already exceeded, 100mm. “There is a severe rainstorm in Yuen Long district. It may cause serious flooding. Members of the public should stay on high alert and take necessary precautions to reduce their exposure to risks posed by heavy rain and flooding,” it said in a special warning. The forecaster also reminded residents in the northern New Territories who were likely to be affected to take precautions to avoid possible flood damage and stay away from watercourses. More than 30mm of rainfall was recorded across many areas on Tuesday morning, with totals exceeding 70mm in Tsuen Wan.

Hong Kong inaugurates trial operation of gold clearing and settlement system
Business

Hong Kong inaugurates trial operation of gold clearing and settlement system

Announcement made by Chief Executive John Lee at Hong Kong FIC & Bond Connect Summit Hong Kong inaugurated the trial operation of a gold clearing and settlement system on Tuesday, a step towards building the city into a trading hub and price-setter for the precious metal. The decision was announced by Chief Executive John Lee Ka-chiu at the Hong Kong FIC & Bond Connect Summit. “The government-owned Hong Kong Precious Metals Central Clearing [Company] will offer a comprehensive suite of services ranging from gold deposits and withdrawals to transaction settlements in the over-the-counter market in Hong Kong,” Lee said. The first transactions involved multiple banks and mining and jewellery companies. Lee said Hong Kong was “also considering development of a new renminbi gold futures contract with delivery support from the Shanghai Gold Exchange in collaboration with Bloomberg”. The gold clearing and settlement system announcement, confirming an earlier report by the South China Morning Post, marks the latest attempt to consolidate the city’s status as a global financial centre.

Taiwan revives ‘anti-communist’ training for its military graduates after 24 years
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Taiwan revives ‘anti-communist’ training for its military graduates after 24 years

The change reflects growing concern over Beijing’s efforts to infiltrate the island’s armed forces after a string of espionage cases The compulsory five-day course, held from July 1 for graduates of Taiwan’s eight military academies, restores the programme’s original name after a 24-year hiatus. Introduced in 1965, the programme was renamed “patriotic education” in 2002 but has reverted to its original title as the military seeks to strengthen awareness of security threats from Beijing. The defence ministry said the change was prompted by Beijing’s intensifying military pressure, “united front” activities and grey-zone operations. “Newly commissioned officers need a clearer understanding of national security threats and of ‘why they fight and for whom they fight’,” the ministry said on Sunday. United front activities are efforts to influence and build solidarity with members of the diaspora and their organisations to align them with the Communist Party’s goals.

Crushed it: AI and healthy habits help Hong Kong students ace IB
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Crushed it: AI and healthy habits help Hong Kong students ace IB

Pupils from Diocesan Boys’ School, Victoria Shanghai Academy and Po Leung Kuk Choi Kai Yau School share insights on how they excelled in the IB exam Hong Kong’s top International Baccalaureate (IB) scorers this year credited AI and a balanced study routine for their academic success after receiving their results on Monday. Amid the intense pressure of the final assessments, top achievers from Diocesan Boys’ School (DBS), Victoria Shanghai Academy (VSA), and Po Leung Kuk Choi Kai Yau School shared insights on using technology responsibly while maintaining personal well-being. They were among at least 73 students from 17 Hong Kong schools who achieved the maximum score of 45 points in the IB programme. The top scorers from DBS said they used artificial intelligence (AI) to assist with their revision, noting that the school was open to its ethical use. “I want to specifically thank my English teacher who taught us how to use AI for studying,” said Lucas Chavez Mocan, who plans to study engineering at the University of Cambridge. “My teacher wrote very detailed rubrics so that both we [students] and AI could easily understand them, allowing us to get accurate feedback when the teacher was not available to mark our essays,” he added.

Hong Kong issues red rainstorm warning, with flooding expected in parts of Wan Chai
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Hong Kong issues red rainstorm warning, with flooding expected in parts of Wan Chai

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. The Hong Kong Observatory issued a red rainstorm warning on Monday night, following warnings about heavy rain and serious flooding in areas of Wan Chai. The red signal – the middle level in a three-tier warning system – was issued at 9.45pm. An amber warning was earlier issued at 7.05pm. A red warning means heavy rain has fallen or is expected to fall generally over Hong Kong, exceeding 50mm in an hour, and is likely to continue. The Observatory said more than 70mm of hourly rainfall had fallen or was expected to fall in the Wan Chai area. Residents in the vicinity are advised to take necessary precautions to avoid possible flood damage.

Don’t assume US decline will lead to its fall, warns Chinese scholar
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Don’t assume US decline will lead to its fall, warns Chinese scholar

Factors such as the US dollar and its lead in emerging technologies mean the US will be hard to supplant, academic Zheng Yongnian warns Although the US is in decline, underestimating the country could still prove a “fatal mistake”, according to a prominent Chinese commentator. “The United States is still a hegemony in decline. Even with its relative decline, it remains a hegemony because no nation or force is currently capable of truly taking its place,” Zheng Yongnian, dean of the school of public policy at the Chinese University of Hong Kong, Shenzhen, said. In a recent interview with the Greater Bay Area Review, which is published by the university’s think tank The Institute for International Affairs, Qianhai, Zheng noted there was a “big gap” between being in decline and being “replaced” as the global hegemon. He said the idea of the US being overtaken “remains purely hypothetical”, citing the dominance of the dollar as the primary reserve currency, alongside America’s superior military capabilities and edge in emerging technologies.

Hamas dissolves Gaza governing body amid Israel ceasefire, disarmament still a question
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Hamas dissolves Gaza governing body amid Israel ceasefire, disarmament still a question

This paves the way for technocratic committee the NCAG to implement civilian rule Palestinian Islamist movement Hamas announced on Monday the dissolution of the body that has governed the Gaza Strip for nearly two decades, clearing the way for a technocratic committee to implement civilian rule. The move marks a significant political shift by Hamas, which has run Gaza since its fighters seized control from rival Palestinian movement Fatah in 2007 after winning legislative elections the previous year. Since a ceasefire took effect in Gaza last October between Hamas and Israel, the group has repeatedly said it is prepared to step aside from day-to-day governance, but the thorny issue of its disarmament remains unresolved. “The head of the government’s emergency committee Mohammed al-Farra has officially submitted his resignation,” Ismail al-Thawabta, head of Hamas’s government media office, said. “He has also decided to dissolve the committee to facilitate the administrative and governmental transition to the National Committee for the Administration of Gaza (NCAG),” he added.

China’s asteroid hunter closes in on target after 400-day trip, though size is a surprise
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China’s asteroid hunter closes in on target after 400-day trip, though size is a surprise

Tianwen-2 spacecraft is equipped with varying sampling modes to perform best in uncertain terrain of 2016 HO3 asteroid It was close enough for the spacecraft to begin scientific exploration of the asteroid, the agency said on its website. Formally designated 2016 HO3, or asteroid 469219 Kamo‘oalewa, the target is a very small Apollo-type near-Earth asteroid previously estimated to measure about 40 to 100 metres (130 to 330 feet) in diameter. However, the image captured by Tianwen-2 and its accompanying scale bar suggests that the asteroid is likely to be less than 40 metres in diameter. “Based on the image released so far, this asteroid appears to be somewhat smaller than previously predicted – it seems to be only about 20 to 30 metres across, whereas the earlier estimate from our paper was around 57 metres,” said Zhang Pengfei, a researcher from the Institute of Geochemistry at the Chinese Academy of Sciences.

Why Peru wants to shift its relationship with China beyond raw mineral supplies
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Why Peru wants to shift its relationship with China beyond raw mineral supplies

Lima is courting Chinese investment as it looks to a ‘new phase’ in their economic relationship, the country’s ambassador tells a forum Peru wants to move to the next phase of its economic relationship with China to reduce the risks from trade ties dominated by the export of raw minerals, according to the country’s ambassador, Carlos Vasquez. He told Tsinghua University’s World Peace Forum in Beijing on Friday that Peru was now seeking investment in the country’s infrastructure as it sought to diversify its economy. He said a handful of products – including copper, iron and fishmeal – accounted for more than 90 per cent of Peru’s exports to China. Vasquez said even though the country was currently benefiting from high prices for raw materials “we don’t determine the price, the price is determined by some foreign markets”. Supported by strong global demand for minerals such as copper, iron and zinc, Peru’s economy grew by about 3 per cent last year and is projected to grow by 3.6 per cent this year. Vasquez said these commodities had an increasing strategic importance as China expanded its industrial base and accelerated its energy transition, but the situation was “not sustainable in the long term”.