Hong Kong

Hong Kong’s insurance industry faces ethical scrutiny as elite graduates from Tsinghua and Peking universities flood into the lucrative sector. Former Professor Larry Lang accused it of being a “carefully constructed fraud,” citing large commissions drawn from policy premiums and brokers earning up to HK$2 million annually. While some recruits quickly achieve high sales targets, many fail. In response, Hong Kong’s Insurance Authority head Richard Lui acknowledged concerns over upfront commissions and proposed caps similar to Singapore and Malaysia for fairer practices. (98 words)

Hong Kong food critic Cai Lan, a celebrated culinary icon who shaped Asian and global food appreciation, passed away at 83. Following his wishes, there was no public memorial service. A posthumous letter revealed his simple love for food, his ventures “Cai Lan Pho” and “Cai Lan Dim Sum” to continue carrying his values, ensuring his legacy through quality, authenticity, and customer delight.

Hong Kong plans to allow Guangdong-registered private vehicles to enter via the Hong Kong-Zhuhai-Macau Bridge, mirroring the existing scheme for Hong Kong cars. This “Guangdong Cars Southbound” program aims to simplify cross-border travel for short trips, boosting regional economic activity. The government is preparing by assessing infrastructure, ensuring safety standards, and developing user-friendly guidelines. It builds upon the success of the “Hong Kong Cars Northbound” and includes new parking facilities, anticipating significant traffic increases.

Cainiao’s Hong Kong eHub has fully integrated RFID technology, becoming the first smart logistics hub in Hong Kong to do so. This allows for automated, touchless receiving, completing item location in just one minute and increasing package processing efficiency by 30%. Cargo owners gain real-time shipment tracking with 99.5% accuracy. The hub facilitates “72-hour delivery” across the Asia-Pacific region, supporting Cainiao’s global cross-border parcel network.

Unitree Robotics, formerly Hangzhou Unitree Technology, rebranded, sparking IPO speculation. Discussions with Hong Kong’s Chief Executive about a potential listing and the company’s global expansion plans, fueled by rapid growth and talent demands, suggest an aggressive future direction. The restructuring’s timing is significant, despite the company’s claims that it will not affect current operations.