Commentary Since the previous Federal Open Market Committee (FOMC) meeting, where the Federal Reserve (Fed) reiterated a longer-than-expected rate hike and a later-than-expected rate cut, the shorter market rates then edged up. Yet, Fed funds futures show the terminal rate stayed at around five percent and moved within a small range of plus or minus…
Latest Findings: Use of Medical Contrast Media on Patients Significantly Increases Risk of Dementia
A new study conducted by National Health Research Institutes (NHRI) and Taichung Veterans General Hospital found that the contrast medium (CM) used on patients during radiological examinations may significantly increase the risk of vascular dementia. Doctors use contrast media to increase the visibility of organs, blood vessels, and tissues when performing computed tomography or magnetic…
Beijing’s National Security Office in Hong Kong Buys a $64.7 Million Villa
The Office for Safeguarding National Security in Hong Kong (National Security Office), established in 2020, purchased a luxury villa in Kowloon Tong, Hong Kong, in October for $64.7 million (HK$508 million). The National Security Office purchased Villa No 1 in Mont Rouge at No. 9 Lung Kui Road, Beacon Hill, developed by Kerry Properties, and the…
Media Tycoon Jimmy Lai’s Ups and Downs With the CCP
The colorful life of former Next Media founder Jimmy Lai Chee-ying resembles a plot from a novel. He founded Next Media and Apple Daily, supported democratic movements, and changed the Hong Kong media ecosystem. Some people might feel that Lai is a big bad wolf in the media industry; they might think that he would do…
South Korean Researchers Develop Neutralizer for New COVID-19 Strains
COVID-19 has brought disaster to the world, millions have died, and the virus is still mutating. A medical research group in South Korea recently announced that it has developed an agent that neutralizes the SARS-CoV-2 virus, and the more the virus mutates, the better the neutralizing effect of the agent. A research team led by…
Monetary Chief Asks Financial Giants to Read Less From the International Press
The Global Financial Leaders’ Investment Summit, which Monetary Authority Hong Kong hosted, took place at the Four Seasons Hotel in Central on Nov. 2. During his speech, Chief Executive John Lee Ka-chiu declared that the event was a summit of Hong Kong returning to the center stage. He also told the guests that “the worst…
HK Foreign Reserves Down $80 Billion in 2022, Aggregate Banking System Balance Fell Below $13 Billion
Since the beginning of this year, the total of Hong Kong’s foreign exchange reserve assets has decreased by nearly $80 billion, a drop of 16 percent. At the same time, the aggregate balance of Hong Kong’s banking system has also fallen below the “psychological watershed” of $13 billion (HK$100 billion). All these negative data show…
Standing Trial in Unjust Hong Kong
Commentary Let us go back in time to the world of 2020 and 2021 in Hong Kong to the raids of Next Digital, the parent company of Apple Daily and Next Magazine, in Cheung Kwan O on Aug. 10, 2020, and June 17, 2021, when more than 300 and 500 police turned up to clamp…
Paul Chan COVID Test Positive, but Exempt From Isolation
Hong Kong Financial Secretary (FS) Paul Chan was listed as a COVID-19 “recovered case” after returning to Hong Kong from an overseas trip. As such, he did not require isolation and immediately attended the Global Financial Leaders’ Investment Summit. However, after the summit, the Hong Kong Government (HKgov) announced that Chan had tested positive. However,…
Japan Lifts Entry Restrictions, Attracting Southeast Asian Tourists
As the Japanese government eases travel restrictions, tourists from Hong Kong, Taiwan, South Korea, Vietnam, Southeast Asia, and other countries have increased. However, still subject to China’s “zero-COVID” policy, most Chinese still fail to travel abroad. Japan’s borders are now open to independent foreign travelers and Japan has reintroduced visa-free entry. Quarantine and on-arrival testing…
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