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Fast-fashion giant Shein is reportedly facing significant losses in the first quarter of 2026, attributed to new US tariffs, as it prepares for a potential initial public offering (IPO) in Hong Kong. The company aims for a valuation between $40-50 billion, but analysts suggest it may struggle to justify this figure given the current economic climate and trade tensions.
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,...
Hong Kong High Court judge Wilson Chan is set to be reprimanded again for plagiarism after the Judiciary flagged substantial copying in his work. This marks a repeated instance of disciplinary action against the judge.
Hong Kong High Court judge Wilson Chan has been accused of plagiarizing a judgment for the third time, with a plaintiff alleging he copied parts of a previous ruling.