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PAK YIU in asian news

PAK YIU - Nikkei staff writer - China to see biggest millionaire exodus in 2024 as many head to U.S. - asia.nikkei.com - Canada - China - Singapore - New York

China to see biggest millionaire exodus in 2024 as many head to U.S.

NEW YORK -- China saw the world's biggest outflow of high-net-worth individuals last year and is expected to see a record exodus of 15,200 in 2024, dealing a further blow to its economy, a new report says.

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PAK YIU - Nikkei staff writer - China training Global South in 'authoritarian' ways, report says - asia.nikkei.com - China - New York

China training Global South in 'authoritarian' ways, report says

NEW YORK -- China has been exporting its governance model and Communist Party ideology to developing countries through training programs run under the guise of a business academy, according to a new report by the Atlantic Council's Global China Hub.

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PAK YIU - Nikkei staff writer - China state firms targeted by U.S. lawmakers for allegedly helping Iran - asia.nikkei.com - China - New York - Iran

China state firms targeted by U.S. lawmakers for allegedly helping Iran

NEW YORK -- Republican legislators on the House of Representatives' influential China-focused committee on Friday urged the U.S. to investigate six Chinese state-owned companies for allegedly helping Iran evade U.S. sanctions.

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PAK YIU - Nikkei staff writer - U.S. adds 26 Chinese cotton companies to import ban list - asia.nikkei.com - China - province Henan - New York - province Hubei - province Fujian - province Jiangsu

U.S. adds 26 Chinese cotton companies to import ban list

NEW YORK -- The U.S. moved Thursday to block goods from 26 Chinese cotton traders and warehouse facilities believed to be linked to forced Uyghur labor, a step that stands to intensify pressure on supply chains.

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PAK YIU - From cats to crypto, Hong Kong's first virtual insurer eyes growth in niches - asia.nikkei.com - Hong Kong -  Hong Kong

From cats to crypto, Hong Kong's first virtual insurer eyes growth in niches

HONG KONG -- When Alvin Kwock came across cryptocurrency in 2016, as the price of BitCoin was beginning to edge toward $1,000, the CEO of Hong Kong online insurer OneDegree said he was immediately skeptical.

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Nikkei staff writer - PAK YIU - Lionel Messi - Hong Kong organizers offer fans 50% refund for Messi no-show - asia.nikkei.com - Hong Kong -  Hong Kong - state Indiana

Hong Kong organizers offer fans 50% refund for Messi no-show

HONG KONG -- The organizer of an exhibition soccer match in Hong Kong, in which Lionel Messi sat on the bench instead of dazzling fans on the field, said Friday that it would offer a 50% refund on tickets after a government outcry.

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Nikkei staff writer - PAK YIU - Evergrande case could test China-Hong Kong insolvency arrangement - asia.nikkei.com - China -  Beijing - Hong Kong -  Hong Kong - county Will

Evergrande case could test China-Hong Kong insolvency arrangement

HONG KONG -- A Hong Kong court will consider a winding-up petition for the Chinese property developer China Evergrande Group next week in a case that could provide a crucial test of cross-border insolvency arrangements between the special administrative region and Beijing.

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Nikkei staff writer - Southeast Asia - PAK YIU - China courts Europe and Southeast Asia with visa-free travel - asia.nikkei.com - France - China -  Beijing - Hong Kong - Ireland - Germany - Netherlands - Spain - Switzerland - Italy

China courts Europe and Southeast Asia with visa-free travel

HONG KONG -- China has dramatically expanded its visa-free programs in the past three months, indicating a growing effort to boost tourism and cross-border business as the economy slows.

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