China · Country watch
Beijing Property Stimulus, Hong Kong Ransomware Spike
Beijing's property measures fall short in lower-tier cities; Hong Kong sees a surge in ransomware cases, impacting tech security.
In this briefing China Real Estate Index System · Beijing · Dalian Meteorological Observatory · Dalian · Raymond Lam Cheuk-ho · Hong Kong Police Force
Regulation
Beijing's property stimulus fails in lower-tier cities
Beijing's latest property stimulus package has not succeeded in reversing the decline in home transactions and prices in China's lower-tier cities, according to the South China Morning Post Business. The China Real Estate Index System (CREIS) reports a 2% year-on-year fall in prices in third- and fourth-tier cities. This could lead top regulators to introduce stronger measures to boost the weak market.
Impact Real estate developers and financial institutions in lower-tier cities face continued challenges due to stagnant property markets.
Sources: South China Morning Post Business ↗
Disruption
Strong winds halt Dalian inter-island passenger transport
.jpg){kind=link}
Dalian's inter-island passenger transport has been suspended due to strong winds, according to ChinaNews.com. The Dalian Meteorological Observatory issued a blue warning for marine gales, predicting northwesterly winds of 6 to 7 degrees with gusts reaching 7 to 8 degrees from November 8 to 9.
Impact Logistics companies and passengers in Dalian face delays and disruptions due to halted inter-island transport services.
Sources: ChinaNews.com ↗
Safety & health
Hong Kong ransomware cases rise nearly 18%
Hong Kong has seen a nearly 18% increase in ransomware cases in the first three quarters of this year, despite an overall drop in technology crime, according to the ChinaMorningPost. Chief Superintendent Raymond Lam Cheuk-ho of the cybersecurity and technology crime bureau attributes the rise to AI-aided attacks.
Impact Tech companies and telecom operators in Hong Kong face increased cybersecurity risks due to the rise in ransomware incidents.
Sources: ChinaMorningPost ↗
Nothing significant reported today in Internal tension · Companies · Markets · Trade · Politics.
Also today in the local press
- Iran executes 3 more men over January protests, judiciary says — ChinaMorningPost
- Media industry still has a problem with sexual abuse, UK culture minister says — ChinaMorningPost
- Indonesians furious as Batam data centres drain taps: ‘we cannot cook without water’ — ChinaMorningPost
- 专访美中贸易全国委员会会长：美企不希望看到贸易保护主义抬头 — ChinaNews.com
- Tens of thousands of Dutch protesters take to Amsterdam streets to support Palestinians — ChinaMorningPost
- （第九届进博会）场馆内外开设退税点 进博会境外客商“买完就能退” — ChinaNews.com
- Defects at Hong Kong MTR station ‘unimaginable’, engineers and lawmakers say — ChinaMorningPost
- Demerit system for contractors ‘not ruled out’, Hong Kong development chief says — ChinaMorningPost
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.