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At least gold glitters. Long before the first paper banknotes fluttered through the financial houses of Europe, the bustling markets of 11th century China birthed an unprecedented financial “innovation”: the use of paper currency. In the 1020s, burdened by the shortage of bronze coins and a rapidly expanding economy, merchants in the southwestern province of Sichuan began issuing paper promissory notes. This marked the genesis of jiaozi, the world’s earliest paper money. Soon, with the imperial [...]

The number of reported technology-based crimes in Hong Kong dipped over the past year, but financial losses from hacking more than doubled to HK$62.6 million (US$8 million), prompting police to urge companies to bolster their cybersecurity checks. Carmen Leung Oi-lam, senior superintendent of the force’s cybersecurity and technology crime bureau, attributed the surge in money lost, despite the overall drop in technology cases, to several high-value cyberattacks on financial institutions and [...]

Ten students from an elite secondary school in Hong Kong were injured or experienced ringing in their ears after a self-heating hotpot pack exploded in a classroom on Wednesday. A police spokesman said officers received a report from St Paul’s Co-educational College in Mid-Levels at 3.29pm that a self-heating hotpot pack had exploded after being improperly heated. A source said a 15-year-old boy was preparing the hotpot pack at about 1pm when he poured hot water onto it, and it exploded. Six [...]

A Hong Kong court has remanded a former university professor in custody pending sentencing for accepting a HK$40,000 (US$5,109) bribe and offering red packets to two colleagues to help a student gain admission to a postgraduate programme last year. Kwun Tong Court heard on Wednesday that Liu Hongbin, 63, abused his authority as chair professor of the ocean science department at the Hong Kong University of Science and Technology (HKUST) to help a mainland Chinese student majoring in automotive [...]

As the early summer season approaches after weeks of heavy rain, reports of “flying ants” have emerged across Hong Kong, sparking concerns that the insects could cause a nuisance and even damage homes. Social media users also shared photos of the insects circling street lights in the evening or of their carcasses scattered across toilet sinks, with some questioning whether they are in fact termites. The South China Morning Post looks into these flying insects and how to prevent termites from [...]