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Asia Pacific

Hong Kong Monetary Authority mulls using facial recognition and fingerprint technology in ATMs

Hong Kong Monetary Authority mulls using facial recognition and fingerprint technology in ATMs

The Hong Kong Monetary Authority confirmed on Monday that it would look into using facial recognition or fingerprint technology in the city’s cash machines to beef up financial security, as doubts remain whether such biotechnologies are mature and sa
Cathay Pacific and mainland China airlines would be hit hard if U.S. enforces worldwide ‘laptop ban’, analysts say

Cathay Pacific and mainland China airlines would be hit hard if U.S. enforces worldwide ‘laptop ban’, analysts say

Travellers on Hong Kong and mainland airlines should brace for extensive security checks of carry-on bags as the United States considers expanding its ban on laptops and other large electronic items to include all international flights.
China Mobile chief warns unlimited data plans not ‘healthy’ for industry development

China Mobile chief warns unlimited data plans not ‘healthy’ for industry development

Unlimited data plans may increase revenue in the short run, but are ultimately unsustainable for the industry, China Mobile chief executive Li Yue said on Wednesday.
Lenovo returns to profit amid lingering weakness in mobile, data-centre businesses

Lenovo returns to profit amid lingering weakness in mobile, data-centre businesses

Lenovo Group plans to step up the transformation at its underperforming mobile and data-centre businesses after the computer giant swung back in the black in the year to March, rebounding from a loss in the same period last year.
Financially troubled LeEco cuts 70% of its U.S. workforce

Financially troubled LeEco cuts 70% of its U.S. workforce

Chinese Internet conglomerate LeEco has laid off about 70 per cent of its US workforce in an effort to streamline operations, less than six months after the company made its grand entrance into the North American market.
Beijing tweaks tax rules in sign it plans to align with global standards

Beijing tweaks tax rules in sign it plans to align with global standards

China’s tweaking of tax reporting rules on financial accounts are fresh signs of Beijing’s stepped-up efforts to align with a multilateral scheme to combat tax evasion, industry experts say.
Moody’s downgrade casts doubt on China’s economic narrative

Moody’s downgrade casts doubt on China’s economic narrative

Fresh doubts were cast on Beijing’s ability to maintain economic and financial stability at any cost on Wednesday after Moody’s Investors Service downgraded China’s credit rating for the first time since 1989.
Chinese banking regulator Yang Jiacai under investigation for suspected corruption

Chinese banking regulator Yang Jiacai under investigation for suspected corruption

Yang Jiacai, assistant chairman of China’s top banking regulator, has been placed under investigation for suspected corruption, making him the highest ranking banking regulator to become ensnared in the government’s latest crackdown on financial malf
China looks to B.C. to help recreate Silk Road

China looks to B.C. to help recreate Silk Road

Lu Shaye, China’s ambassador to Canada, in Vancouver to pitch potential of Central Asia development project
Chinese dairy moguls target Mandarin-language market

Chinese dairy moguls target Mandarin-language market

Mengniu founders launch Vancouver company to remove B.C.-Asia language barriers