Launched by World Liberty Financial, a decentralized financial (DeFi) protocol and governance platform backed by Donald Trump’s family, the digital token WLFI began trading on major cryptocurrency exchanges on 1 September 2025 (see Figure).

The recent controversy involving the awarding of a contract to provide bottled drinking water to the SAR Government offices has quickly snowballed. What began as misgivings among civil servants has escalated to a major social incident, casting doubt on the use of public funds, procurement, the regulatory system, and even the Government’s credibility. The crux […]

Driven by the wave of digitalization, livestream e-commerce has rapidly risen to become one of the most phenomenal marketing methods in the e-commerce sector.

On 7 December 1941, at 7.55 a.m. Hawaiian time, Japan launched a surprise attack on the American naval base at Pearl Harbour, prompting the UK and the US to declare war on Japan and leading to the outbreak of the Pacific War. Subsequent to the invasion of China, Imperial Japan methodically escalated the war across the Asia-Pacific, pillaging resources throughout the region to achieve its objective of “sustaining war with war”.

Amid the current vicissitudes of globalization and the profound shifts in the global environment, Chinese enterprises’ international expansion strategies are beset with challenges. Their erstwhile strategies succeeded for the straightforward reason that close political ties with the upper echelons of host-country governments readily secured access to resources, markets, and policy incentives.

On August 1, 2025, Hong Kong’s “Stablecoin Ordinance” will take effect, marking China’s gradual participation in the stablecoin market and its exploration of how to use Hong Kong, an offshore financial center, to promote the internationalization of the RMB through stablecoins. To answer this question, we need to understand, rationally and objectively, the development logic of offshore RMB stablecoins in the context of the current heightened market sentiment.

Just as Labubu, a hot item in short supply not long ago, is losing steam, a new darling―the Japanese anime sensation Chiikawa―is taking centre stage, bearing witness to a typical star succession in action. Trend-following consumers have struggled to get their hands on the Labubu they crave, only to find that fashion now seems to be shifting to Chiikawa.

Commissioned by the Federation of Hong Kong Industries, the “Made by Hong Kong: Strategies for New Industrialisation” study report compiled by us was released last month. In this article, we will highlight relevant sections of the study on the business operations of Hong Kong-invested industrial enterprises (HKIEs) and examine the future of Hong Kong’s industrial sector, providing references for the formulation of the city’s industrial policies.