Against the backdrop of the global Web 3.0 boom, which is driving the continuous expansion of the virtual asset market and reshaping the international financial order, building a balanced and robust local Web 3.0 ecosystem has already become a pivotal breakthrough point for Hong Kong’s financial development.

Amid the vicissitudes and uncertain prospects of the world’s political and economic landscape today, global governance has likewise landed in disorder. As a leading governance platform worldwide, the G20 convened its annual leaders’ summit in Johannesburg, South Africa last weekend, underscoring the turmoil in current international affairs.

From major media reports and widely shared posts on social platforms, it is evident that Japan has recently been plagued by unprecedented intrusion from bears on the prowl. Brown bears and Asian black bears have been breaking into densely populated areas at a record-high frequency, even venturing into airport aprons, forcing temporary closures of airports. As of the end of October, more than 170 people have been attacked by bears, resulting in a dozen dead.

Automation and artificial intelligence (AI) are transforming traditional patterns of international trade, enabling developed countries to gain an endogenous comparative advantage in industries that were previously intensive in low-skilled labor, thereby reversing the traditional advantages of developing countries.

In this column last week, we analysed the advantages of captive insurance companies in risk management and cost control. However, not all companies are suited to establishing their own captive insurers. What does it take for companies to achieve the intended risk-diversification objectives while avoiding the creation of new sources of risk?

Nowadays, enterprises frequently face a dilemma in risk management and insurance. On the one hand, they are exposed to increasingly complex and numerous risks, from natural disasters and environmental liabilities to cybersecurity threats and supply-chain disruptions, which pose a constant threat to business operations and financial stability.

In Hong Kong, a densely populated international metropolis, the red, green, and blue taxis flowing through the streets once symbolized the city’s vitality.

Following the proposal in February 2025 by its Japanese parent company Toridoll Holdings to privatize Tam Jai International, which had been listed in Hong Kong for less than three and a half years, HSBC Holdings announced in September 2025 its plan to privatize the 1933-founded Hang Seng Bank.