Top 2,000 companies' net profit grows 9pc despite uncertainty
The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. Picture taken April 1, 2019. REUTERS
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South China Morning Post
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China's Fujian carrier developing swarm attack ability to ‘overwhelm the enemy': CCTV
China's most advanced aircraft carrier, the Fujian , is expected to have the ability to carry out 'deck load strikes', a type of swarm attack that could help the country's navy gain a first-mover advantage in combat, according to state broadcaster CCTV on Saturday. A deck load strike refers to the ability to rapidly launch a large number of aircraft at once. This tactic was used by the US Navy during the Vietnam war for shock effect. While military experts had speculated that the Fujian would be able to carry out these attacks, this was the first state media report to highlight the ability. 'China's aircraft carrier technology is marking a historic leap as it enters the critical phase of combat capability development,' CCTV reported. It added the home-grown aircraft carrier had been 'progressing steadily' in sea trials since the first test in May of last year and would 'soon form a three-carrier fleet' for the Chinese navy. The Fujian is expected to be commissioned by the end of the year, CCTV reported in May, joining two active carriers, the Liaoning and Shandong.
South China Morning Post
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Singaporean financial adviser's name and image exploited again in Hong Kong scams
Well-known financial expert Chan Yan-chong only gives investment tips in face-to-face meetings, but the Hong Kong resident has seen many fraud messages purportedly sent by him to potential victims in a long-running online scam in the city and Singapore over the last few years. The City University adjunct professor and columnist said the situation improved only after the Securities and Futures Commission (SFC) approached him about the problem and was believed to have taken action last year. But the Post has learned that such scams exploiting Chan have resurfaced again recently. 'I have never provided financial tips or advice online, even when my friends asked me through WhatsApp,' he told the Post. 'When they do, I ask them to go for a tea instead.' Chan, a Singaporean who is a Hong Kong permanent resident, stressed that all online messages offering financial tips under his name were fake. He said his friends had told him that they were added to Facebook or WhatsApp groups by scammers as far back as a few years ago.
South China Morning Post
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Fan Zhendong ticket sales spark frenzy as fans praise low prices in Germany
Tickets to watch Fan Zhendong sold out within 24 hours, as fans in China praised the low prices. Fan recently signed for 1. FC Saarbrücken, with the German club's popularity soaring overnight. The Bundesliga side had expected season tickets to take weeks to sell – instead, they were snapped up within a day. The tickets – ranging from €100 (US$115.25) to €800 – cover all Saarbrücken home matches in the Table Tennis Bundesliga, German Cup and Champions League, leaving many mainland Chinese fans in awe of the pricing. '€800 for a VIP pass with the best seats and access from August to June … the price is too good,' one user wrote on social media. Fans in Germany can see Fan Zhendong in action for much cheaper than in mainland China. Photo: AFP 'Roughly 6,000 Yuan for the whole season, it's such a good deal,' another comment read.
