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.

Two years ago, we wrote the article “Commercialization of Intellectual Property Benefits High-quality Economic Development” in this newspaper column and, together with the Hong Kong Young Industrialists Council, published the “IP Commercialization: A Boost for Hong Kong Re-Industrialization Strategy” research report.

Starting in 2024, a doll named Labubu—with pointy little ears, devil-like large eyes, and a grin revealing nine sharp fangs—took the world by storm.

Entering the last quarter of 2025, the rekindling of the China-US trade war dispelled the atmosphere of truce in the wake of four rounds of bilateral trade talks. The current focus of the global economy is on potential talks and possible agreement between the Chinese and US leaders at the Asia-Pacific Economic Cooperation (APEC) meeting, scheduled for the end of this month in Gyeongju, South Korea.

Artificial intelligence (AI) technology has been developing in leaps and bounds in recent years. Reams of academic studies have shown that human-AI collaboration is conducive to enhancing efficiency and creativity across different work settings.