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Hong Kong college’s finance director arrested over HK$770,000 embezzlement
NACHRICHT
06.05.2026

Hong Kong college’s finance director arrested over HK$770,000 embezzlement

The finance director of Hong Kong Chu Hai College has been arrested on suspicion of embezzling HK$770,000 (US$98,262) after the head of the institution reported the case to the police. Jane Zhang, president of the Tuen Mun‑based college, contacted police on April 29 after the Bank of China alerted her on April 17 to three unusual transactions from the college to the suspect’s personal account, amounting to about HK$770,000, a police source said. Zhang decided to report the matter after...

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SCMP Economy
Economist Justin Lin urges West to adopt ‘Eastern wisdom’ as China moves up value chain
NACHRICHT
21.04.2026

Economist Justin Lin urges West to adopt ‘Eastern wisdom’ as China moves up value chain

The West’s narrative of Chinese “overcapacity” is a double standard, said a former chief economist of the World Bank as he urged advanced economies to draw on “Eastern wisdom” rather than protectionism to navigate the rise of hi-tech competition. Justin Lin Yifu, a prominent advocate of Beijing’s industrial policy, dismissed claims that China’s auto-export surge was a sign of industrial imbalance. Speaking at Hong Kong Chu Hai College, Lin drew a contrast with Germany to expose a logical...

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SCMP Economy