Hong Kong multiple-entry scheme ‘likely to cover more mainland cities this year’
香港立法会议员兼全国人民代表大会常务委员会代表李慧琼表示，预计今年将扩大深圳居民赴港多次往返签证计划至更多中国大陆城市，并呼吁将北京和上海纳入该计划。此举旨在促进香港旅游业发展，并响应中国大陆在“两会”期间提出的将香港作为国际交流重点的倡议。
去年11月，中国大陆宣布超过1000万深圳居民可以申请一年内无限次赴港签证，每次停留不超过7天。李慧琼认为，除了粤港澳大湾区内的城市，北京和上海也应被考虑纳入多次往返签证计划，因为这些城市人口众多，且距离香港较远，游客可能会选择更长的停留时间。她同时强调，香港需要提升服务质量，确保游客拥有积极的体验，从而提高回头率。
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香港立法会议员兼全国人民代表大会常务委员会代表李慧琼表示，预计今年将扩大深圳居民赴港多次往返签证计划至更多中国大陆城市，并呼吁将北京和上海纳入该计划。此举旨在促进香港旅游业发展，并响应中国大陆在“两会”期间提出的将香港作为国际交流重点的倡议。
去年11月，中国大陆宣布超过1000万深圳居民可以申请一年内无限次赴港签证，每次停留不超过7天。李慧琼认为，除了粤港澳大湾区内的城市，北京和上海也应被考虑纳入多次往返签证计划，因为这些城市人口众多，且距离香港较远，游客可能会选择更长的停留时间。她同时强调，香港需要提升服务质量，确保游客拥有积极的体验，从而提高回头率。
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China Vanke’s Le Mont project in Tai Po selling briskly despite mortgage concerns
China Vanke sold approximately 25% of the 228 available units at its Le Mont project in Tai Po, Hong Kong, on the first day of sales. Despite reports of some Hong Kong banks refusing to extend mortgages to prospective buyers, 58 flats were sold by 1pm on Saturday, with expectations that all units would be sold by day's end. The strong initial sales suggest continued buyer interest despite the financial headwinds faced by the developer.
The Le Mont project features units ranging from 214 to 873 sq ft, with prices between HK$2.38 million and HK$11.41 million (US$306,000 to US$1.47 million), or HK$9,185 and HK$14,392 per square foot. These prices are reportedly over 30% lower than comparable properties in the area from two years ago. The project attracted significant interest, with over 7,400 applications for the 228 units, representing an oversubscription of more than 31 times. This launch comes as China Vanke, once a leading mainland developer, navigates a liquidity crisis and challenges related to mortgage approvals for the project.
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China Vanke sold approximately 25% of the 228 available units at its Le Mont project in Tai Po, Hong Kong, on the first day of sales. Despite reports of some Hong Kong banks refusing to extend mortgages to prospective buyers, 58 flats were sold by 1pm on Saturday, with expectations that all units would be sold by day's end. The strong initial sales suggest continued buyer interest despite the financial headwinds faced by the developer.
The Le Mont project features units ranging from 214 to 873 sq ft, with prices between HK$2.38 million and HK$11.41 million (US$306,000 to US$1.47 million), or HK$9,185 and HK$14,392 per square foot. These prices are reportedly over 30% lower than comparable properties in the area from two years ago. The project attracted significant interest, with over 7,400 applications for the 228 units, representing an oversubscription of more than 31 times. This launch comes as China Vanke, once a leading mainland developer, navigates a liquidity crisis and challenges related to mortgage approvals for the project.
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South Korea designated by US as ‘sensitive’ country amid nuclear bomb talk
美国能源部已将韩国列为“敏感”国家。这一决定由前总统拜登政府在离任前不久做出，并将于4月15日生效。尽管被列为敏感国家，但美国能源部表示，这不会对美韩在科技领域的双边合作造成新的限制。
将韩国列为“敏感”国家的原因尚未明确公开。韩国外交部对此表示重视，并正与美国进行密切沟通，以确保两国在能源、科技领域的合作不受负面影响。此前，韩国总统曾短暂实施戒严，且国内曾出现关于韩国可能发展核武器的讨论。
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美国能源部已将韩国列为“敏感”国家。这一决定由前总统拜登政府在离任前不久做出，并将于4月15日生效。尽管被列为敏感国家，但美国能源部表示，这不会对美韩在科技领域的双边合作造成新的限制。
将韩国列为“敏感”国家的原因尚未明确公开。韩国外交部对此表示重视，并正与美国进行密切沟通，以确保两国在能源、科技领域的合作不受负面影响。此前，韩国总统曾短暂实施戒严，且国内曾出现关于韩国可能发展核武器的讨论。
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China mandates labels for all AI-generated content in fresh push against fraud, fake news
中国将要求所有人工智能（AI）生成的内容必须明确标识。这项新规旨在遏制虚假信息，提高网络透明度，同时推动中国采用这项新技术。新规将于今年9月1日生效。
根据国家互联网信息办公室等部门发布的规定，AI生成的内容，包括文本、图像、音频、视频和虚拟内容，都必须带有显性和隐性标签。显性标签必须对用户清晰可见，而隐性标识符，如数字水印，应嵌入在元数据中。此外，在线服务提供商必须确保其AI内容生成符合中国的网络安全和深度合成管理规定。平台有责任在内容上线前进行验证，并添加必要的标签。如果元数据中缺少AI标记，但内容显示出AI生成的迹象，也必须进行相应标记。
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中国将要求所有人工智能（AI）生成的内容必须明确标识。这项新规旨在遏制虚假信息，提高网络透明度，同时推动中国采用这项新技术。新规将于今年9月1日生效。
根据国家互联网信息办公室等部门发布的规定，AI生成的内容，包括文本、图像、音频、视频和虚拟内容，都必须带有显性和隐性标签。显性标签必须对用户清晰可见，而隐性标识符，如数字水印，应嵌入在元数据中。此外，在线服务提供商必须确保其AI内容生成符合中国的网络安全和深度合成管理规定。平台有责任在内容上线前进行验证，并添加必要的标签。如果元数据中缺少AI标记，但内容显示出AI生成的迹象，也必须进行相应标记。
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Malaysians are hooked on Chinese micro-dramas. Can local creators cash in?
Chinese micro-dramas, with their short, one-minute episodes filled with family drama, betrayals, and romance, have become increasingly popular in Malaysia. These fast-paced shows, easily accessible on smartphones, are enjoyed by many during commutes or brief breaks, and now local content creators are looking to capitalize on this trend.
Shows like *Addicted Only to You* and *White Moonlight* have gained a loyal following in Malaysia, despite some criticism labeling them as "lowbrow." The Chinese micro-drama industry generated a massive US$5 billion in revenue last year, fueled by platforms like RedNote, Douyin (the Chinese TikTok), and Bilibili, indicating a significant potential market for similar content.
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Chinese micro-dramas, with their short, one-minute episodes filled with family drama, betrayals, and romance, have become increasingly popular in Malaysia. These fast-paced shows, easily accessible on smartphones, are enjoyed by many during commutes or brief breaks, and now local content creators are looking to capitalize on this trend.
Shows like *Addicted Only to You* and *White Moonlight* have gained a loyal following in Malaysia, despite some criticism labeling them as "lowbrow." The Chinese micro-drama industry generated a massive US$5 billion in revenue last year, fueled by platforms like RedNote, Douyin (the Chinese TikTok), and Bilibili, indicating a significant potential market for similar content.
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Hong Kong braces for squally thunderstorms, violent gusts on Saturday afternoon
香港天文台预报，周六下午香港将出现狂风雷暴和强烈阵风。目前，珠江三角洲西部地区的强雷雨云团正逐渐逼近香港，预计未来几小时内本地降雨将更加猛烈，并伴有强烈的雷暴天气。天文台呼吁市民保持警惕。
由于可能出现强烈阵风，天文台建议市民“立即”寻找安全地点躲避。预计未来天气将以多云为主，有零星小雨，偏东风将逐渐增强。
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香港天文台预报，周六下午香港将出现狂风雷暴和强烈阵风。目前，珠江三角洲西部地区的强雷雨云团正逐渐逼近香港，预计未来几小时内本地降雨将更加猛烈，并伴有强烈的雷暴天气。天文台呼吁市民保持警惕。
由于可能出现强烈阵风，天文台建议市民“立即”寻找安全地点躲避。预计未来天气将以多云为主，有零星小雨，偏东风将逐渐增强。
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Tech start-ups all the buzz, but many young Chinese prefer stable government jobs
中国政府正推出新措施，鼓励在人工智能驱动的科技繁荣背景下的就业和创业。然而，许多年轻人担心需求疲软和经济不景气，创业风险过高，仍然倾向于稳定的政府工作。
包括人力资源和社会保障部和教育部在内的七个中央政府部门上个月底发布了一项联合指导方针，敦促地方政府通过创业促进就业。该计划针对失业率高的群体，包括应届大学毕业生、农民工和退役军人，并呼吁快速发展数字经济、人工智能、绿色经济和“银发”经济等新兴领域的专门培训计划，鼓励风险投资和其他资源进入企业孵化平台，以培育高质量的中小企业并创造就业机会。上个月，习近平主席在北京与中国企业家举行的一次高层会议上强调了科技行业的重要性。
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中国政府正推出新措施，鼓励在人工智能驱动的科技繁荣背景下的就业和创业。然而，许多年轻人担心需求疲软和经济不景气，创业风险过高，仍然倾向于稳定的政府工作。
包括人力资源和社会保障部和教育部在内的七个中央政府部门上个月底发布了一项联合指导方针，敦促地方政府通过创业促进就业。该计划针对失业率高的群体，包括应届大学毕业生、农民工和退役军人，并呼吁快速发展数字经济、人工智能、绿色经济和“银发”经济等新兴领域的专门培训计划，鼓励风险投资和其他资源进入企业孵化平台，以培育高质量的中小企业并创造就业机会。上个月，习近平主席在北京与中国企业家举行的一次高层会议上强调了科技行业的重要性。
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China woman surviving cliff fall caused by husband, reveals IVF newborn has heart disease
Wang Nan, a Chinese woman who survived being pushed off a cliff in Thailand by her husband in 2019, revealed that her newborn son, conceived through IVF, is battling congenital heart disease. Wang, known online as Wang Nuannuan, suffered severe injuries, including 17 fractures, when her husband attempted to murder her to inherit her wealth and pay off gambling debts.
The incident occurred during a vacation in Thailand, where her husband, Yu Xiaodong, pushed her off a 34-meter cliff. Wang was pregnant at the time and tragically lost her unborn child. Doctors warned her that she might not be able to conceive naturally again. Yu Xiaodong was sentenced to 33 years and four months in prison by a Thai court for the attempted murder.
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Wang Nan, a Chinese woman who survived being pushed off a cliff in Thailand by her husband in 2019, revealed that her newborn son, conceived through IVF, is battling congenital heart disease. Wang, known online as Wang Nuannuan, suffered severe injuries, including 17 fractures, when her husband attempted to murder her to inherit her wealth and pay off gambling debts.
The incident occurred during a vacation in Thailand, where her husband, Yu Xiaodong, pushed her off a 34-meter cliff. Wang was pregnant at the time and tragically lost her unborn child. Doctors warned her that she might not be able to conceive naturally again. Yu Xiaodong was sentenced to 33 years and four months in prison by a Thai court for the attempted murder.
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How late Hong Kong singer Khalil Fong’s message of love won the hearts of fans
香港歌手方大同于2月21日去世，享年未知，引发了歌迷和音乐界人士的广泛悼念。他的唱片公司福茂唱片于3月1日证实，方大同在与一种未公开的疾病斗争五年后“平静地离开了世界”。
方大同以其前卫的音乐作品和对所有人的爱的信息震撼了华语乐坛。他的歌曲、采访和演唱会视频在社交媒体上持续传播，来自香港、中国大陆和台湾的歌迷都在回忆这位音乐传奇。一些歌迷在台湾和中国大陆多个城市组织了音乐会，以播放方大同的经典曲目，其中一场将于周六下午在香港举行。他的朋友、音乐家和歌迷都相信他的音乐和遗产将永垂不朽。
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香港歌手方大同于2月21日去世，享年未知，引发了歌迷和音乐界人士的广泛悼念。他的唱片公司福茂唱片于3月1日证实，方大同在与一种未公开的疾病斗争五年后“平静地离开了世界”。
方大同以其前卫的音乐作品和对所有人的爱的信息震撼了华语乐坛。他的歌曲、采访和演唱会视频在社交媒体上持续传播，来自香港、中国大陆和台湾的歌迷都在回忆这位音乐传奇。一些歌迷在台湾和中国大陆多个城市组织了音乐会，以播放方大同的经典曲目，其中一场将于周六下午在香港举行。他的朋友、音乐家和歌迷都相信他的音乐和遗产将永垂不朽。
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Controversial Unification Church may be dissolved in Japan
日本Unification Church（统一教会）或将失去法律认可，最早可能在本月。此前，该教会被指控强迫信徒捐款，导致生活困顿，并被指责存在忽视儿童的情况，但教会否认有任何不当行为。一旦解散，教会将失去免税地位，并被贴上“有害实体”的标签。
统一教会受到密切关注的背景是，前首相安倍晋三在2022年竞选活动中被枪杀，据称凶手对统一教会怀有怨恨。此前，日本当局已于2023年10月表示，正寻求解散这个在韩国成立的、极具影响力的教会，该教会又被称为“文鲜明派”，以其已故创始人文鲜明的名字命名。
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日本Unification Church（统一教会）或将失去法律认可，最早可能在本月。此前，该教会被指控强迫信徒捐款，导致生活困顿，并被指责存在忽视儿童的情况，但教会否认有任何不当行为。一旦解散，教会将失去免税地位，并被贴上“有害实体”的标签。
统一教会受到密切关注的背景是，前首相安倍晋三在2022年竞选活动中被枪杀，据称凶手对统一教会怀有怨恨。此前，日本当局已于2023年10月表示，正寻求解散这个在韩国成立的、极具影响力的教会，该教会又被称为“文鲜明派”，以其已故创始人文鲜明的名字命名。
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Beijing hits out at ‘arrogant and malicious’ G7 criticisms over South China Sea and Taiwan
China has strongly condemned the Group of 7 (G7) nations, accusing them of "arrogance, prejudice, and malice" following criticisms of Beijing's actions in the South China Sea and Taiwan Strait. The Chinese embassy in Canada, where the G7 foreign ministers' meeting was held, stated that the G7's statements were a blatant smear and a gross interference in China's internal affairs, lodging a formal protest with the Canadian government.
The G7's declaration on maritime security specifically accused China of "illicit, provocative, coercive, and dangerous" actions in the South China Sea and Taiwan Strait. This comes amid ongoing trade tensions between China, the United States, and other G7 members. Furthermore, there is speculation that Donald Trump's potential return to the US presidency and his stance on issues like the war in Ukraine could create opportunities for China to strengthen ties with European and Asian allies of the US.
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China has strongly condemned the Group of 7 (G7) nations, accusing them of "arrogance, prejudice, and malice" following criticisms of Beijing's actions in the South China Sea and Taiwan Strait. The Chinese embassy in Canada, where the G7 foreign ministers' meeting was held, stated that the G7's statements were a blatant smear and a gross interference in China's internal affairs, lodging a formal protest with the Canadian government.
The G7's declaration on maritime security specifically accused China of "illicit, provocative, coercive, and dangerous" actions in the South China Sea and Taiwan Strait. This comes amid ongoing trade tensions between China, the United States, and other G7 members. Furthermore, there is speculation that Donald Trump's potential return to the US presidency and his stance on issues like the war in Ukraine could create opportunities for China to strengthen ties with European and Asian allies of the US.
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Head of Islamic State in Iraq and Syria killed, Iraqi PM says
The leader of Islamic State (ISIS) in Iraq and Syria, Abdallah Maki Mosleh al-Rifai (also known as "Abu Khadija"), has been killed in Iraq. The operation was a joint effort between the Iraqi national intelligence service and US-led coalition forces, according to an announcement made by Iraqi Prime Minister Mohammed Shia al-Sudani.
Al-Rifai was described as the "deputy caliph" of ISIS and "one of the most dangerous terrorists in Iraq and the world." The operation, reportedly an airstrike, took place in Anbar province in western Iraq, with his death confirmed on Friday. Former U.S. President Donald Trump also commented on the event, praising the coordinated effort with the Iraqi government and Kurdish regional government in hunting down the ISIS leader.
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The leader of Islamic State (ISIS) in Iraq and Syria, Abdallah Maki Mosleh al-Rifai (also known as "Abu Khadija"), has been killed in Iraq. The operation was a joint effort between the Iraqi national intelligence service and US-led coalition forces, according to an announcement made by Iraqi Prime Minister Mohammed Shia al-Sudani.
Al-Rifai was described as the "deputy caliph" of ISIS and "one of the most dangerous terrorists in Iraq and the world." The operation, reportedly an airstrike, took place in Anbar province in western Iraq, with his death confirmed on Friday. Former U.S. President Donald Trump also commented on the event, praising the coordinated effort with the Iraqi government and Kurdish regional government in hunting down the ISIS leader.
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How Picasso exhibition at Hong Kong’s M+ brings Spanish artist into 21st century
香港M+博物馆即将举行的“毕加索在亚洲：对话”展览中，将展出中国当代艺术家蔡国强的火药画作品。这幅名为《火药画8号-A5》的作品将与毕加索的立体主义作品《巴黎圣心大教堂研究》并列展出，呈现一场跨越文化和时代的艺术对话。
本次展览由香港西九文化区的M+博物馆与巴黎毕加索国家博物馆联合举办，汇集了来自巴黎博物馆的60多件作品，其中一些是首次在法国境外展出。展览旨在探讨毕加索对亚洲艺术的影响，以及亚洲艺术对毕加索作品的启发，这也是十多年来香港首次举办如此大规模的毕加索作品展。
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香港M+博物馆即将举行的“毕加索在亚洲：对话”展览中，将展出中国当代艺术家蔡国强的火药画作品。这幅名为《火药画8号-A5》的作品将与毕加索的立体主义作品《巴黎圣心大教堂研究》并列展出，呈现一场跨越文化和时代的艺术对话。
本次展览由香港西九文化区的M+博物馆与巴黎毕加索国家博物馆联合举办，汇集了来自巴黎博物馆的60多件作品，其中一些是首次在法国境外展出。展览旨在探讨毕加索对亚洲艺术的影响，以及亚洲艺术对毕加索作品的启发，这也是十多年来香港首次举办如此大规模的毕加索作品展。
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Will this Chinese-engineered ‘bacterial assassin’ transform cancer treatment?
Chinese researchers have engineered bacteria to selectively destroy tumors in mice, achieving an 80% reduction in colorectal, melanoma, and bladder cancer volumes and a 100% survival rate. This breakthrough, published in Cell, demonstrates a potential method for evading human immune responses while targeting and eliminating cancer cells, even vaccinating survivors against future tumor development.
The engineered bacteria, a strain of Salmonella typhimurium called "Designer Bacterium 1" (DB1), utilizes a synthetic biological "kill switch" to bridge a major gap in immunotherapy. This approach allows for the precise targeting of malignancies while mitigating the inherent dangers of using bacteria in treatment. Researchers suggest that most human tumors already possess a molecular "key" that could make this bacterial therapy a universal cancer cure.
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Chinese researchers have engineered bacteria to selectively destroy tumors in mice, achieving an 80% reduction in colorectal, melanoma, and bladder cancer volumes and a 100% survival rate. This breakthrough, published in Cell, demonstrates a potential method for evading human immune responses while targeting and eliminating cancer cells, even vaccinating survivors against future tumor development.
The engineered bacteria, a strain of Salmonella typhimurium called "Designer Bacterium 1" (DB1), utilizes a synthetic biological "kill switch" to bridge a major gap in immunotherapy. This approach allows for the precise targeting of malignancies while mitigating the inherent dangers of using bacteria in treatment. Researchers suggest that most human tumors already possess a molecular "key" that could make this bacterial therapy a universal cancer cure.
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US targets 41 countries for travel curbs ranging from Iran to Pakistan: memo
The Trump administration is considering imposing sweeping travel restrictions on citizens from 41 countries. An internal memo reveals the potential ban, dividing the countries into three groups with varying levels of restrictions.
The first group of 10 countries, including Afghanistan, Iran, Syria, Cuba, and North Korea, could face a full visa suspension. A second group of five countries, such as Eritrea, Haiti, Laos, Myanmar, and South Sudan, may experience partial suspensions affecting tourist, student, and immigrant visas. The remaining 26 countries, including Belarus, Pakistan, and Turkmenistan, could face partial visa suspensions if their governments fail to address identified deficiencies within 60 days. However, a US official cautioned that the list is subject to change and requires final approval from the administration.
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The Trump administration is considering imposing sweeping travel restrictions on citizens from 41 countries. An internal memo reveals the potential ban, dividing the countries into three groups with varying levels of restrictions.
The first group of 10 countries, including Afghanistan, Iran, Syria, Cuba, and North Korea, could face a full visa suspension. A second group of five countries, such as Eritrea, Haiti, Laos, Myanmar, and South Sudan, may experience partial suspensions affecting tourist, student, and immigrant visas. The remaining 26 countries, including Belarus, Pakistan, and Turkmenistan, could face partial visa suspensions if their governments fail to address identified deficiencies within 60 days. However, a US official cautioned that the list is subject to change and requires final approval from the administration.
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China’s 4 golden flowers: how Beijing invests its US$3.2 trillion reserves
中国拥有全球规模最大的外汇储备，截至2月末达到3.227万亿美元。为了管理这笔巨额财富，中国设立了四个境外投资机构，分别位于香港（华安）、新加坡（华新）、伦敦（华欧）和纽约（华美），它们隶属于国家外汇管理局（SAFE）。
这四个机构被业内称为“四朵金花”，它们自上世纪90年代起就已是中国外汇储备全球布局的重要组成部分。它们的主要任务是在全球范围内进行战略投资，涵盖股票、新兴市场和其他资产类别，从而实现外汇储备的多元化配置，提升跨时区和市场的投资管理能力。国家外汇管理局始终坚持“安全、流动、保值增值”的管理目标，并将可持续性作为长期目标，自1994年实行集中管理以来，一直秉持多元化和分散化的原则。
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中国拥有全球规模最大的外汇储备，截至2月末达到3.227万亿美元。为了管理这笔巨额财富，中国设立了四个境外投资机构，分别位于香港（华安）、新加坡（华新）、伦敦（华欧）和纽约（华美），它们隶属于国家外汇管理局（SAFE）。
这四个机构被业内称为“四朵金花”，它们自上世纪90年代起就已是中国外汇储备全球布局的重要组成部分。它们的主要任务是在全球范围内进行战略投资，涵盖股票、新兴市场和其他资产类别，从而实现外汇储备的多元化配置，提升跨时区和市场的投资管理能力。国家外汇管理局始终坚持“安全、流动、保值增值”的管理目标，并将可持续性作为长期目标，自1994年实行集中管理以来，一直秉持多元化和分散化的原则。
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Taiwan plugs imported parts gap in Brave Eagle military training jet production
台湾国防部表示，已成功开发出关键部件，以确保其自主研发的高级教练机按时交付。 这一进展对于台湾的国防计划至关重要，旨在提升飞行员驾驶F-16V等先进战斗机的训练水平，以应对来自北京日益增长的军事威胁。
此前，由于过去一年进口系统组件的短缺，导致66架T-5“勇鹰”教练机的生产延误，使得由政府支持的汉翔航空工业（AIDC）未能按原计划在2024年完成交付。为了解决这些短缺问题，台湾军方背景的中山科学研究院与AIDC合作，成功实现了液压油箱、轮舱门致动器和紧急冲压空气截止阀这三个关键部件的本地化生产，从而保障了生产进度。
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台湾国防部表示，已成功开发出关键部件，以确保其自主研发的高级教练机按时交付。 这一进展对于台湾的国防计划至关重要，旨在提升飞行员驾驶F-16V等先进战斗机的训练水平，以应对来自北京日益增长的军事威胁。
此前，由于过去一年进口系统组件的短缺，导致66架T-5“勇鹰”教练机的生产延误，使得由政府支持的汉翔航空工业（AIDC）未能按原计划在2024年完成交付。为了解决这些短缺问题，台湾军方背景的中山科学研究院与AIDC合作，成功实现了液压油箱、轮舱门致动器和紧急冲压空气截止阀这三个关键部件的本地化生产，从而保障了生产进度。
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In SAFE hands: China’s secret plan for a US$1 trillion reserves fund in Hong Kong
SAFE Investment Company, a Hong Kong-based fund manager, plays a significant role in managing a substantial portion of China's vast US$3.227 trillion foreign exchange reserves. This unassuming office, located in a 37-story tower overlooking Victoria Harbour, is one of the "golden flowers" established by the State Administration of Foreign Exchanges (SAFE) in 1997 to diversify reserves and maximize returns.
The existence of SAFE Investment Company gained renewed attention after the People's Bank of China (PBOC) announced plans to "significantly increase" the allocation of national reserves to Hong Kong. This move has sparked debate among analysts and lawmakers regarding the amount, rationale, strategy, and timing of this financial support, with estimates suggesting a potential tripling of the current 16% of reserves already held in Hong Kong.
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SAFE Investment Company, a Hong Kong-based fund manager, plays a significant role in managing a substantial portion of China's vast US$3.227 trillion foreign exchange reserves. This unassuming office, located in a 37-story tower overlooking Victoria Harbour, is one of the "golden flowers" established by the State Administration of Foreign Exchanges (SAFE) in 1997 to diversify reserves and maximize returns.
The existence of SAFE Investment Company gained renewed attention after the People's Bank of China (PBOC) announced plans to "significantly increase" the allocation of national reserves to Hong Kong. This move has sparked debate among analysts and lawmakers regarding the amount, rationale, strategy, and timing of this financial support, with estimates suggesting a potential tripling of the current 16% of reserves already held in Hong Kong.
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Putin tells Ukraine troops in Russia’s Kursk to surrender, ‘guarantees life’
Vladimir Putin has urged Ukrainian troops in the Kursk region to surrender, while Volodymyr Zelensky accuses him of sabotaging ceasefire efforts. Donald Trump has appealed to Putin to spare the lives of these troops, noting "productive" talks between his envoy and the Russian leader regarding a proposed 30-day ceasefire.
Russia has launched a counteroffensive in Kursk, reclaiming territory Ukraine seized last August. A defeat here would significantly undermine Ukraine's strategy to leverage control of the region in future peace negotiations. Putin stated that surrendering troops would be "guaranteed life and dignified treatment," echoing Trump's call for de-escalation.
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Vladimir Putin has urged Ukrainian troops in the Kursk region to surrender, while Volodymyr Zelensky accuses him of sabotaging ceasefire efforts. Donald Trump has appealed to Putin to spare the lives of these troops, noting "productive" talks between his envoy and the Russian leader regarding a proposed 30-day ceasefire.
Russia has launched a counteroffensive in Kursk, reclaiming territory Ukraine seized last August. A defeat here would significantly undermine Ukraine's strategy to leverage control of the region in future peace negotiations. Putin stated that surrendering troops would be "guaranteed life and dignified treatment," echoing Trump's call for de-escalation.
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As US pressures Japan to pay more for defence, will Trump’s demands ‘never end’?
US ambassador nominee to Japan, George Glass, has reiterated Washington's demand for Tokyo to increase its financial contribution towards the cost of maintaining American troops stationed in Japan. This statement, made during his Senate testimony, suggests that Prime Minister Shigeru Ishiba may need to reassess his approach to President Donald Trump on this contentious issue.
Glass's comments, while not entirely unexpected, reflect a growing unease in Japan regarding the US's reliability as an ally. This sentiment stems from Trump's past criticisms of NATO and his questioning of long-standing alliances, leading some to believe that the US might not fully honor its security treaty with Japan, even with increased financial contributions. Critics argue that Japan should prioritize strengthening its own defense capabilities and exploring new alliances in light of these concerns.
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US ambassador nominee to Japan, George Glass, has reiterated Washington's demand for Tokyo to increase its financial contribution towards the cost of maintaining American troops stationed in Japan. This statement, made during his Senate testimony, suggests that Prime Minister Shigeru Ishiba may need to reassess his approach to President Donald Trump on this contentious issue.
Glass's comments, while not entirely unexpected, reflect a growing unease in Japan regarding the US's reliability as an ally. This sentiment stems from Trump's past criticisms of NATO and his questioning of long-standing alliances, leading some to believe that the US might not fully honor its security treaty with Japan, even with increased financial contributions. Critics argue that Japan should prioritize strengthening its own defense capabilities and exploring new alliances in light of these concerns.
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