🗞️𝐂𝐡𝐢𝐧𝐚𝐒𝐅 𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 Hong Kong was South Korea’s seventh-largest trade partner as of 2021, with exports and imports totalling US$39.71 billion, up 23 per cent on 2020. scmp.com/economy/china-econo…

Growing number of cross-border financial services will allow investors to diversify portfolios under the GBA Wealth Management Connect scheme. HSBC is smoothing the way for Hong Kong-based investors looking to gain access to the rapidly expanding market. scmp.com/presented/business/…

🗞️𝐂𝐡𝐢𝐧𝐚𝐒𝐅 𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 New ByteDance app Qishui Yinyue, which translates to ‘soda music’ in Mandarin, was updated on Wednesday after its release last month scmp.com/tech/big-tech/artic…

ChinaSF News Digest G-bits Network, whose Wen Dao game ranks among the top 30 downloads in local Appstore, pays record dividend. Move follows recent dividend windfall for Tencent shareholders as freeze in new approvals disincentivises capital spending. scmp.com/business/article/31…

🗞️𝐂𝐡𝐢𝐧𝐚𝐒𝐅 𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 Xpeng topped its peers with sales rising nearly 150 per cent month on month in March to 15,414 units. Carmakers’ sales in the second quarter will be affected by China’s Covid-19 outbreaks... scmp.com/business/china-busi…

The People’s Bank of China said it would expand the scope of use of China’s digital fiat currency this year The Digital Currency Research Institute is offering monthly salaries as high as 120,000 yuan (US$18,800) to recruit engineers and developers. scmp.com/tech/big-tech/artic…

🗞️𝐂𝐡𝐢𝐧𝐚𝐒𝐅 𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 Representatives of China’s lithium industry pitch their recommendations at the ‘two sessions’ policy-setting meetings in Beijing. Sichuan province has one of China’s richest and most accessible reserves of lithium... scmp.com/economy/china-econo…

ChinaSF News Digest Tax fee cuts will be larger in 2022 than last year’s 1.1 trillion yuan (US$173.68 billion) in reductions, said Finance Minister Liu Kun. scmp.com/economy/china-econo…

𝐂𝐡𝐢𝐧𝐚𝐒𝐅 𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 China’s economic policymakers expected to implement ‘more pro-growth policies’ after high-profile March meetings China’s monetary authorities have already been supporting growth by cutting the reserve requirement ratio scmp.com/economy/china-econo…

🗞️𝐂𝐡𝐢𝐧𝐚𝐒𝐅 𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 Two private banks in Liaoning province and the capital of Beijing will no longer provide services involving banknotes and coins, effective March and April respectively. South China Morning Post scmp.com/tech/tech-trends/ar…

𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 Paiduidao, currently open only to users with an invitation code, is designed to let users interact in a virtual community ByteDance denies that the app is linked to the metaverse, a concept that is gaining traction in the tech world scmp.com/tech/big-tech/artic…

The project by start-up GalaxySpace aims to compete with the US company by offering high-speed internet services to remote areas. scmp.com/news/china/science/…

ChinaSF New Digest China has ambitious plans to boost domestic soybean output by 40 per cent over the next four years, as an over-reliance on imports of the commodity continues to raise alarms over the nation’s food security scmp.com/economy/china-econo…

𝐍𝐞𝐰𝐬 𝐃𝐢𝐠𝐞𝐬𝐭 Shenzhen’s record power use in 2021 hints at healthy economic growth, despite US-China tech war. Producers of computers, communication and other electronic equipment consumed 16.9 percent more electricity last year compared to 2020. scmp.com/economy/china-econo…

Congratulation to our partner, East West Bank for receiving the Best Board ranking in Bank Director’s 2022 “RankingBanking” study!!

As the world faces up to climate change, short-haul flights look increasingly unattractive to many travelers. The flygskam (flight shame) phenomenon that started in Scandinavia is already inspiring many travelers to reduce their reliance on airlines. cnn.com/travel/article/world…

🗞️News Digest Chinese state media flags volatility, money laundering as risks in metaverse land sales People’s Daily said property sales in the metaverse resembled ‘product financialisation’ and carried risks of volatility, fraud and money laundering... scmp.com/tech/policy/article…