CX Daily: Hong Kong Targets Young Talent, Tech Sector in Post-Covid Push
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Hong Kong?/
In the wake of Covid isolation, Hong Kong is?taking a targeted approach?to reviving its position as a global business hub — an image that waned during the pandemic as expats left in droves amid tough restrictions.
To lure back talent,?the government rolled out a special visa program, which has hooked tens of thousands of applicants,?while pitching the industry hard as a sandbox for innovation,?particularly with tech and phenomena like the metaverse and web3,?where it is taking a comparatively lighter regulatory touch.
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Soccer?/
South Korean footballer Son Jun-ho, a player in the Chinese Super League,?was detained in China?on allegations of bribery, China’s Ministry of Foreign Affairs confirmed Tuesday.
“A South Korean citizen was recently detained by the public security authorities of Liaoning province on suspicion of accepting bribes as a nonstate employee,”?Foreign Ministry spokesperson Wang Wenbin said at a daily briefing when asked about Son’s situation.
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Talk show?/
Chinese stand-up comedian Li Haoshi, who goes by the nickname House,?was suspended indefinitely?after social media users accused him of insulting the Chinese military in a joke he made during a live comedy show Saturday in Beijing.
The incident led to an official probe into his employer,?Shanghai Xiaoguo Culture Media Co.,?and sparked an online debate about the boundaries of talk show jokes in China.
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Funds?/
As China’s financial regulators seek to rein in risks in the country’s $3 trillion privately offered funds market, they are?stepping up oversight of?the banks and securities firms that act as custodians as well as the companies that manage the assets.
Custodians?— regulated financial institutions whose main task is to safeguard and protect investors’ assets to prevent fraud —?are being given more responsibility for supervising private funds.
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Banking?/
领英推荐
Taiping Life Insurance Co. Ltd.?paid 3 billion yuan ($431 million)?to acquire 6.33% of?China Zheshang Bank?in one of the final steps in the disposal of assets of the now-defunct private conglomerate Anbang Insurance Group.
Taiping Life purchased 1.35 billion of Zheshang’s shares from Traveler Automobile Group,?becoming the third-largest shareholder of the Hangzhou-based lender,?according to data from an asset auction platform operated by JD.com.
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Quick hits?/
Cruises?/
Royal Caribbean Group,?the world's second-largest cruise company,?plans to sail back to China next April?after more than three years of suspended service during the pandemic.
The cruise operator completed its international itineraries for 2024 in China, Royal Caribbean told Caixin Monday.?The Spectrum of the Seas, its Quantum-Ultra-class cruise ship, will return to Shanghai in April,?the company said.
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Quick hit?/
Tech Insider?/
Long Read?/
In the windswept desert wilderness of Northwest China’s Gansu province lies a simulation base that allows visitors to experience a slice of life on the Red Planet. Opened in 2019, the facility occupies an area of more than 11,900 square feet in the Gobi desert. As China chases its space ambitions, bases such as these have sprouted across the northwestern region, providing visitors, particularly school-going children, with an immersive experience of space and planetary exploration
Next Trend Realty LLC./wwwHar.com/Chester-Swanson/agent_cbswan
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