Yonnex Li

Hong Kong

Chief Correspondent at MLex Market Insight

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Articles

Hong Kong slams US for miscalculating tariffs, stays tariff-free

1 week ago | mlex.com | Yonnex Li

By Yonnex Li ( April 15, 2025, 07:17 GMT | Insight) -- Hong Kong Chief Executive John Lee sharply criticized the US today for miscalculating its tariffs on the city, and asserted that his administration will uphold the zero-tariff policy.
Xi calls for China-Vietnam unity against 'unilateral bullying'

1 week ago | mlex.com | Yonnex Li

By Yonnex Li ( April 15, 2025, 02:01 GMT | Insight) -- Chinese President Xi Jinping has called on China and Vietnam to unite against "unilateral bullying," yet another sign of Beijing's tough stance amid intensifying trade tensions with Washington.
China vows counteractions after Trump threatens 50 percent tariff hike

2 weeks ago | mlex.com | Yonnex Li

By Yonnex Li ( April 8, 2025, 01:59 GMT | Insight) -- China will "resolutely" take counteractions to protect its interests if the US proceeds with its threatened additional 50 percent tariffs on Chinese goods, the Chinese commerce ministry said today.China will "resolutely" take counteractions to protect its interests if the US proceeds with its threatened additional 50 percent tariffs on Chinese goods, the Chinese commerce ministry said today....
Online platforms face tighter Chinese grip on data-submission rules

3 weeks ago | mlex.com | Yonnex Li

By Yonnex Li ( April 2, 2025, 07:48 GMT | Insight) -- China's market regulator on Wednesday unveiled new interim measures to regulate the submission by online platforms of so-called compliance data, marking a step forward in tightening control over the burgeoning sector.
Chinese pharma price-fixing decision results in first individual penalty

1 month ago | mlex.com | Yonnex Li

By Yonnex Li ( March 24, 2025, 06:48 GMT | Insight) -- A subsidiary of Hong Kong-listed Shanghai Pharmaceuticals and one of its business executives were fined by Shanghai's market regulator for colluding with two rivals in price-fixing and market division agreements. This case sets a precedent as it marks the first time an individual was penalized for an antitrust violation since the introduction of personal liability in the amended Antimonopoly Law in August 2022.
Hong Kong eyes role as 'data hub' in AI push, top tech official says

1 month ago | mlex.com | Yonnex Li

By Yonnex Li ( March 3, 2025, 07:32 GMT | Insight) -- Hong Kong has set its sights on becoming a "data hub" as part of a broader initiative to foster local artificial intelligence developments, despite facing fiscal constraints, the city's tech chief has said.
HKMA turning to technology to intensify bank rivalry, regulator says

1 month ago | mlex.com | Yonnex Li

By Yonnex Li ( February 25, 2025, 05:33 GMT | Insight) -- The Hong Kong Monetary Authority has leveraged evolving technologies to stir competition among banks, prompting traditional players to modernize and adapt, according to deputy chief executive Arthur Yuen.
Hong Kong eyes bill on AI copyright exception in first half of year

2 months ago | mlex.com | Yonnex Li

By Yonnex Li ( February 19, 2025, 06:10 GMT | Insight) -- Hong Kong plans to introduce a bill in the first half of this year proposing copyright exception for text and data mining, aiming to advance the city's emerging artificial intelligence sector.
Sluggish privacy law reform in Hong Kong sparks lawmaker criticisms

2 months ago | mlex.com | Yonnex Li

By Yonnex Li ( February 18, 2025, 05:04 GMT | Insight) -- Hong Kong legislators have lambasted the city's government for dragging its feet on amending data-protection rules, even as major data breaches continue to impact both private and public sectors.
Reported data breaches in Hong Kong up 30 percent in 2024, regulator says

2 months ago | mlex.com | Yonnex Li

By Yonnex Li ( February 12, 2025, 06:17 GMT | Insight) -- Hong Kong saw a nearly 30 percent surge in reported data breaches last year, signaling heightened privacy risks while the city's legislative efforts to bolster protections remain sluggish.